Bocana's LOI with Venture Gold lapses

Mr. Tim Turner reports BOCANA RESOURCES CORP. PROVIDES CORPORATE UPDATE TO VARIOUS PROJECTS CURRENTLY UNDERWAY Bocana Resources Corp. has provided an update to its current activities with the company's funding/tokenization platform partner Arizore Ltd. and has provided a brief update on the Arizona and Colorado projects. The joint venture between Bocana and Arizore continues to progress as Arizore advances the development of its reserve and ledger architecture, which is intended to house verified in-ground and delivered assets. The platform is currently in its chain completion and registration phase, with development focused on finalizing the underlying blockchain and reserve reporting infrastructure. The strategic partnership, focused on the precious metals market, intends to develop a tokenization platform designed to bridge the worlds of digital finance and verified precious metals. The platform is intended to allow independent mining operators and owners of precious metals to securitize their verified assets into liquid capital, subject to applicable securities laws and regulatory approvals, thus potentially enabling mine growth without dilution, while reinforcing the asset reserves and valuation behind each token. The partnership combines Bocana's mining and exploration expertise with Arizore's blockchain and asset tokenization technology to create an open, transparent, asset-backed ecosystem for precious metals and other critical minerals. Built to unlock liquidity from verified in-ground and delivered resources, the platform, subject to all required regulatory approvals, including securities law compliance, intends to enable investors and institutions to gain exposure to tangible mineral reserves through digital tokens, each designed to be underpinned by real-world geological verification in accordance with National Instrument 43-101 and institutional-grade transparency. In parallel with these developments, Arizore is engaging with a range of strategic and financing partners as part of its broader platform buildout, including initiatives aligned with responsible resource development and emissions reduction frameworks within the precious metals sector. A preliminary launch of the platform is anticipated by the end of January, 2026. Further updates will be provided as technical, regulatory and partnership milestones are achieved. "Together, we're combining the trust and credibility of traditional mining with the scalability and accessibility of blockchain," said Tim Turner, chief executive officer, Bocana. "This represents a significant evolution in how value from physical resources can be realized." "The partnership with Bocana marks an important milestone for Arizore," said John Smith, director of Arizore. "We're creating an entirely new framework that merges tangible reserves with digital liquidity, a model we believe will define the next generation of asset-backed finance." The foregoing matters are subject to receipt of the necessary regulatory approvals, including but not limited to approvals from securities regulators, the TSX Venture Exchange and any applicable cryptocurrency or digital asset regulators, compliance with all applicable laws and regulations, including securities laws, anti-money laundering legislation and cryptocurrency regulations, and satisfaction of all conditions precedent. In Arizona, the recently cored samples and portions of previously cored samples have been analyzed by several accredited independent laboratories, and the labs previously used by the local geologists, for various assay analyses and, subsequently, several additional samples have been submitted for assay testing. The previously announced letter of intent with Venture Gold Corp., based in Colorado, has lapsed. Bocana's management and Venture Gold's management are continuing discussions regarding a potential transaction, however there can be no assurance that any agreement will be reached or that any transaction will be completed. The TSX Venture Exchange has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this press release. About Bocana Resources Corp. Bocana is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in North and South America. Bocana, through its wholly owned subsidiary, Huiracocha International Service SRL, holds a 100-per-cent working interest in the mineral properties known as the Escala area concessions located in the department of Potosi, Sud Lipez province, Bolivia, as awarded by Comibol. We seek Safe Harbor.