Buffalo Potash hires Micon for Disley MRE, PEA

Executive Summary

• Buffalo Potash Corp. has engaged Micon International Ltd. to prepare a National Instrument 43-101-compliant maiden mineral resource estimate (MRE) and a preliminary economic assessment (PEA) for its flagship Disley project in Saskatchewan.
• The studies are anticipated to be completed in Q2 2026 and will provide the first independent assessment of mineral inventory and preliminary project economics, including cash flows, NPV, IRR, and payback period.
• The initiative follows recent technical programs, including 3-D seismic, reassaying of historic drill core, and a 2026 drilling program, aiming to establish a geological and engineering basis for a modular horizontal line drive (HLD) solution mining strategy.

Key Details

• Engagement: Micon International Ltd. appointed to deliver the MRE and PEA.
• Timeline: Anticipated completion date is Q2 2026.
• Study Scope: The PEA will include estimates of cash flows, net present value (NPV), internal rate of return (IRR), and payback period.
• Strategic Context: The studies support the company's modular horizontal line drive (HLD) strategy for potential phased solution mining development.
• Project Location: Disley project is located approximately 50 kilometres northwest of Regina, Sask., covering 9,413 hectares.
• Proximity to Peers: Situated immediately adjacent to the east of the K+S Bethune potash solution mine and north of the Mosaic Belle Plaine potash solution mine.
• Investor Relations: Buffalo Potash entered into an agreement with Oak Hill Financial Inc. for investor relations services, commencing Feb. 23, 2026.
• IR Agreement Terms: Initial six-month term, monthly fee of $12,000 plus applicable taxes, subject to TSX Venture Exchange approval.
• Qualified Person: Dr. Douglas F. Hambley, PhD, PE, PEng, PG, independent consultant and Buffalo's principal qualified person, is assisting Micon with the MRE and PEA.

Notable Quotes

• "The Disley project possesses many of the defining characteristics of Saskatchewan's most successful solution potash mining operations, including potash mineralization observed in historical drilling, favourable depth, a strategic location in the heart of one of the world's premier potash-producing districts and access to existing infrastructure." — Steve Halabura, CEO
• "We believe the maiden resource and PEA will mark an inflection point for Buffalo, advancing Disley toward development and establishing a road map for a modular strategy that we believe can be scaled across Saskatchewan." — Steve Halabura, CEO