Mink Ventures Corporation Initiates Drill Program at Warren Ni Cu Co Project; Stakes Additional Claims at Its Montcalm Ni Cu Co Project; and Terminates Private Placement

• Mink Ventures Corporation has entered a drill contract to commence Phase 2 of its 2026 exploration program at the Warren Ni-Cu-Co project, testing two VTEM targets with 420 meters of drilling ahead of schedule.
• The company is canceling the remainder of its May 2026 non-brokered private placement (which raised gross proceeds of $881,920) to redirect capital toward immediate drill mobilization.
• Recent drilling at the A Zone returned significant nickel-copper-cobalt mineralization, including 7.1 meters of 0.44% Ni, 0.28% Cu, and 0.06% Co, with a higher-grade intercept of 4 meters of 0.58% Ni, 0.18% Cu, and 0.08% Co.
• New airborne VTEM data has identified eight additional high-priority, drill-ready targets on the Warren property.
• The company expanded its Montcalm project by staking an additional 4 km² adjacent to historical mining operations, bringing the total land package to 104 km².
• Future drilling at Montcalm is scheduled for late August or early September 2026, with Phase 3 at Warren planned for mid-December.

The initiation of Phase 2 drilling and the land expansion at Montcalm are positive, incremental developments that align with the company's previously announced exploration timeline. The decision to cancel the remainder of the $1 million private placement is a notable operational shift. While it demonstrates management's agility and commitment to advancing the program ahead of schedule, it also signals that the initial $881,920 tranche is being consumed rapidly, tightening the company's near-term liquidity. The drill results, while technically significant, remain at early-stage exploration grades (sub-economic for current metal prices) and do not represent a resource definition milestone. The news is expected by the market as a direct follow-up to the May financing and March assay releases. It confirms execution but does not materially alter the fundamental risk/reward profile or valuation.

Mink Ventures Corporation is a TSXV-listed exploration company focused on nickel, copper, and cobalt in the Timmins, Ontario mining camp. The company's flagship assets are the Warren Ni-Cu-Co project (1,130 ha) and the Montcalm Ni-Cu-Co project (~100 km²). Both properties are permitted, drill-ready, and benefit from existing infrastructure, all-weather access, and proximity to the historic Glencore Montcalm mine (which produced 3.93 million tonnes grading 1.25% Ni, 0.67% Cu, and 0.051% Co). The strategy leverages the region's critical minerals focus and green hydro power potential to develop a large-scale polymetallic platform.