Inomin Starts Drilling at Beaver-Lynx

• Inomin Mines has commenced a $2.3 million exploration drilling program at its 28,000-hectare Beaver-Lynx project in south-central British Columbia.
• This marks the first-ever drilling on the Lynx block, specifically targeting the Onuki zone with approximately 4,100 metres of planned drilling.
• The program is fully funded by Sumitomo Metal Mining Canada Ltd. under an existing earn-in and joint venture agreement.
• Previous outcrop sampling at Onuki returned up to 2,640 ppm nickel, with 9 of 17 rock samples containing >0.1% nickel.
• Ground magnetic surveys are currently underway to refine drill targeting, with potential reallocation of some drillholes to the Beaver South zone subject to permitting.

• The commencement of drilling is a Routine - Positive development. It directly follows the May 12, 2026 announcement of the $2.3 million program and the May 29, 2026 private placement financing that secured the necessary corporate working capital.
• The news is fully in line with previous expectations and management guidance. It represents an incremental step in the exploration lifecycle rather than a fundamental shift in valuation or project economics.
• Sumitomo's continued funding under the earn-in structure mitigates immediate dilution risk for this specific program, but the company's reliance on small, frequent equity raises to cover corporate overhead remains a structural characteristic.
• No new material catalysts are introduced; the market will price this as expected operational progress.

• Inomin Mines Inc. (TSX-V: MINE) is an exploration-stage company focused on the Beaver-Lynx project in south-central British Columbia.
• The 28,000-hectare property is located ~50 km north of Williams Lake, adjacent to the Gibraltar mine (Canada’s second-largest open-pit copper mine).
• The project hosts a polymetallic system including nickel, magnesium, cobalt, platinum, palladium, chromium, copper, silver, and gold.
• Drilling has consistently intersected near-surface mineralization averaging ~20–23% magnesium and 0.17–0.20% nickel over 100–200 metre intervals.
• Metallurgical testing indicates 58% nickel recovery via flotation and 99% magnesium recovery using HCl, suggesting conventional processing routes are viable.