1844 Resources receives drill permits for SV2

• 1844 Resources Inc. has obtained all required drilling permits for its flagship SV2 (Sullipek/Vortex/Vallieres) copper project in Quebec's Gaspé Peninsula.
• The project is now fully drill-ready for the first time in over a decade.
• A 50/50 joint venture exists with Glencore on the Vallieres property and adjacent claims.
• An NI 43-101 inferred resource of 2.24 Mt at 1.09% Cu is reported on the Sullipek portion.
• Historical drilling intersected 29.8m @ 0.94% Cu (August 2012).
• A drill campaign is slated for late summer/early fall 2026 following a 500,000-share option grant to a director ($0.05 exercise price).
• Airborne geophysical survey completed October 2025; data integration ongoing.

• The permit acquisition is a critical operational milestone but aligns with expectations set by the October 2025 Work Authorization (ATI) and Drilling Permit announcement for Sullipek East.
• While positive, the financial backing remains insufficient to support a major drilling campaign; total proceeds from recent financing were only $395,589.50.
• The market has not reacted significantly to prior permitting news, suggesting this update is viewed as incremental progress rather than a valuation inflection point.
• The resource estimate remains Inferred (lowest confidence category), requiring significant drilling and verification before it can be upgraded or considered economic.
• Insider participation in the financing ($800k units subscribed) signals management confidence but does not offset the dilution risk inherent in small-cap exploration financings.

• 1844 Resources Inc. focuses on copper exploration in Quebec's Gaspé Peninsula.
• Flagship Project: SV2 (Sullipek/Vortex/Vallieres), covering ~68 km² across 130 claims.
• Location: 22 km west of Osisko Metals' Murdochville project, placing it within a known copper belt.
• JV Structure: 50/50 joint venture with Glencore on the Vallieres property; 1% NSR royalty retained by SOQUEM on acquired claims.
• Resource Status: NI 43-101 Inferred resource of 2.24 Mt @ 1.09% Cu (Sullipek); historical data requires verification to current standards.