Eureka Metals Identifies Six New Massive Ilmenite Occurrences at Tyee Titanium Project in Quebec

Executive Summary

• Eureka Metals Corp. completed a prospecting and reconnaissance program at its wholly owned Tyee Titanium Project in eastern Québec from May 29 to June 14, 2026.
• The campaign identified six new massive ilmenite occurrences and widespread titanium-bearing mineralization, reinforcing the project's district-scale exploration potential.
• Historical grab sampling returned high-grade results up to 36.07% TiO₂, and the Company is integrating laboratory assay results with historical geophysical data to prioritize follow-up surveys and future drill targets.

Key Details

• Program Dates & Scope: Conducted May 29 – June 14, 2026; focused on ground-truthing priority geophysical targets and advancing understanding of titanium-bearing mineralization across the property.
• Key Discovery: Six new massive ilmenite occurrences identified during the 2026 field campaign.
• Historical Sampling Highlights: Grab samples returned up to 36.07% TiO₂ at Big Tio, 31.89% TiO₂ at NS Trend, and 34.50% TiO₂ at East Nugget.
• Mineralization Characteristics: Widespread disseminated to semi-massive oxide mineralization observed; ilmenite is dominant in massive facies, while magnetite is more prevalent in disseminated zones.
• Sector-Specific Findings:
• Northern Sector: New semi-massive to massive oxide mineralization identified west of the NS Trend showings, including visible massive ilmenite and magnetite.
• Central Sector: Large conductive zones with disseminated to semi-massive oxide mineralization identified; localized zones transitioned into massive ilmenite-rich mineralization, with additional occurrences found near the western property boundary.
• Big Tio Sector: Additional massive ilmenite mineralization exposed in outcrop and angular boulders near the Lac Ledieu showing area, aligning closely with high-conductivity anomalies from historical datasets.
• Next Steps: Compiling and interpreting laboratory analysis of collected samples; evaluating follow-up geophysical programs (including tighter-spaced electromagnetic surveying over priority corridors); generating drill targets for future exploration; expecting additional updates in the coming months as assay results are received.
• Qualified Person: Ryan Versloot, P.Geo., Technical Advisor to the Company.
• Project Focus: 100% owned Tyee Titanium Project in Québec, prospective for titanium-vanadium-scandium mineralization.

Notable Quotes

• Danny Matthews, Chief Executive Officer: "What stands out most from this campaign is the scale and consistency of mineralization encountered across Tyee. Finding oxide mineralization on the majority of field days, including six new massive ilmenite occurrences, is highly encouraging. These results strengthen our belief that Tyee hosts a large-scale titanium system with meaningful discovery potential."