Azarga Metals 2026 Marg Project Drill Program; Keno Hill District, Yukon

Executive Summary

• Azarga Metals Corp. has engaged Platinum Diamond Drilling Inc. to execute a 3,000-meter diamond drilling program across eight priority holes at its Marg VMS project in the Keno Hill district of the Yukon Territory.
• The program, scheduled to run from August through early fall 2026, will target extensions of known mineralized zones and evaluate new structural and geochemical anomalies for polymetallic mineralization.
• The drill campaign builds upon the company's maiden NI 43-101 resource estimate (August 2025), which defined 14.3 Mt of combined indicated and inferred resources grading up to 2.9% CuEq.

Key Details

• Contractor & Scope: Platinum Diamond Drilling Inc. will conduct over 3,000 metres of drilling across eight priority holes.
• Timeline: Drilling commences August 2026, continuing through early fall 2026, with assay results released on a rolling basis.
• Target Strategy: Focuses on extending known mineralization east, west, and down-dip; testing undrilled structural/geochemical anomalies; and evaluating potential fold-related duplications at depth within the Marg anticline.
• Maiden Resource Context (Aug 2025 NI 43-101):
• Indicated: 4.3 Mt @ 2.9% CuEq (1.3% Cu, 1.7% Pb, 3.2% Zn, 42 g/t Ag, 0.66 g/t Au)
• Inferred: 10.0 Mt @ 2.3% CuEq (1.0% Cu, 1.3% Pb, 2.6% Zn, 33 g/t Ag, 0.54 g/t Au)
• Cut-off: 0.5% CuEq
• Property & Infrastructure: 100% interest in 400 mineral claims (~8,400 hectares) acquired July 2025. Features include an airstrip, functional base camp, nearby power corridors, and proximity to established Keno Hill mining operations.
• Historical Exploration: Deposit identified in 1965; 119 historical diamond drill holes completed between 1965 and 2008, meeting industry standards.
• Qualified Person: Charles J. Greig, MSC, P. Geo, has reviewed and approved all exploration disclosures per NI 43-101.
• CuEq Calculation & Assumptions: CuEq% = Cu% + 0.1·Pb% + 0.25·Zn% + 0.62·Au(g/t) + 0.007·Ag(g/t). Based on metal prices: Cu $9,100/t (80% recovery), Pb $1,900/t (50% recovery), Zn $2,600/t (80% recovery), Au $3,000/oz (50% recovery), Ag $32/oz (50% recovery).

Notable Quotes

• Gordon Tainton, President and CEO: "The MARG VMS deposit demonstrates exceptional exploration potential, and we are excited to begin this season's drill campaign, the first conducted by the Company. Our technical team has developed a focused drill program targeting extensions of the mineralized system from Azarga's maiden NI 43-101 resource estimate in August 2025, which estimated 4.3 Mt of indicated resource grading 2.9% CuEq and 10.0 Mt of inferred resource grading 2.3% CuEq."
• Gordon Tainton, President and CEO: "We expect drilling to commence in August and continue through early fall of this exploration season, with assay results anticipated on a rolling basis as they become available from the laboratory."