BRS Resources, Cariboo begin drilling at Cowtrail

• BRS Resources Ltd. and Cariboo Rose Resources Ltd. have commenced a 1,500-metre diamond drilling program at the Cowtrail copper-gold porphyry project in south-central British Columbia.
• The drilling follows the completion of a helicopter-supported airborne geophysical survey over a 27-square-kilometre core area, aimed at prioritizing targets.
• The program targets priority copper-gold porphyry zones identified in previous exploration, consistent with the geological setting of the nearby operating Mount Polley mine.
• This announcement directly follows the June 1, 2026 closing of a $735,500 private placement and the May 2026 completion of the geophysical survey.
• The Cowtrail project remains under an option agreement allowing BRS Resources to earn a 60% interest by meeting $2 million in exploration expenditures, $200,000 in cash payments, and $200,000 in share issuances by December 2028.

• The commencement of drilling is an expected, incremental step in the 2026 exploration cycle. It does not introduce new geological data or alter the fundamental outlook of the asset.
• The financing closed on June 1, 2026, already priced in the dilutive impact of 13.5 million units and 864,286 flow-through shares. The market has already absorbed this capital raise.
• The news confirms operational execution but lacks the assay results or target upgrades required to move the stock materially. It is a routine maintenance of the exploration program.
• Given the company's sub-$1 million cash position post-financing, the drilling represents a burn of working capital without immediate revenue or resource definition.

• Cariboo Rose Resources Ltd. operates as a hybrid prospect generator with a portfolio of seven mineral projects in British Columbia.
• Flagship Project: Cowtrail Copper-Gold Porphyry Project. A 4,717-hectare property located 20 km southeast of the operating Mount Polley mine. It shares geological characteristics with Mount Polley and is contiguous with Vizsla Copper Corp.'s Woodjam and Redgold projects.
• Secondary Project: Lightning Strike Gold-Silver Project. A 4,193-hectare 100% owned property featuring historical high-grade gold-silver intercepts and orogenic sediment-hosted mineralization.
• The company utilizes a partnership model, optioning assets to experienced operators like BRS Resources, Basin Uranium, and CMP Mining to share exploration costs and risks.