Irving reviews 2025 work by Omu sinter pit optionee JX

Ms. Akiko Levinson reports IRVING RESOURCES REVIEWS FIRST YEAR OF WORK WITH JX ADVANCED METALS CORPORATION AT OMU PROJECT, HOKKAIDO, JAPAN Irving Resources Inc. has provided an update on the first year of work with JX Advanced Metals Corp. at Irving's Omu project, Hokkaido, Japan. As announced in the company's news release of Nov. 13, 2024, Irving and JX Metals entered into a farm-in agreement whereby JX Metals may earn a 75-per-cent interest at the Omu sinter pit (covering 1.962 square kilometres) to a depth of approximately 50 metres below sea level. Under the option agreement, JX Metals may also earn an interest at Omuisenbu (covering 0.127 square kilometre), the specific percentage of which interest will be determined based upon a calculation set out in the option agreement, which will take into account an evaluation of Omuisenbu; in any event, the interest of JX Metals in Omuisenbu will not exceed 75 per cent. Irving retains 100-per-cent control over the rest of the Omui mining licence and the entire Omu project. To exercise the option to earn an interest in the Omu sinter pit and Omuisenbu, JX Metals must incur at least 300 million yen in exploration- and property-related expenditures over three years, subject to extension in the event of certain circumstances. During the option period, JX Metals has the sole and exclusive right to conduct exploration at the Omu sinter pit and Omuisenbu. Irving is the operator under the option agreement under the direction of JX Metals. The option agreement has moved into its second year, JX Metals having satisfied the first year requirements under the option agreement. Since acquiring its first land position at its Omu project, Hokkaido, in 2016, Irving has pursued a clear vision of discovering significant precious metal-bearing silica deposits suitable for use as smelter flux. To date, Irving has made discoveries of such deposits at the Omui mining licence and at the Omu sinter. Upon consummating its agreement with JX Metals, Irving drilled a strategically positioned diamond drill hole, 24OMI-001, at the Omui mining licence. This first ever shallow angle diamond core hole completed at this target yielded an impressive 101.1-metre-wide intercept of shallow, silicified rocks grading 1.14 grams per tonne gold, 16.0 g/t silver and 84 per cent silica (refer to the company's news release dated Jan. 23, 2025, for full results). To follow up on this exciting first hole, JX Metals and Irving completed four similar shallow holes in 2025 expanding upon this discovery of shallow gold- and silver-bearing silicified rock at the Omui mining licence. All four holes encountered broad, shallow mineralized intercepts. Collectively, the five shallow holes drilled at the Omui mining licence define a north-south mineralized corridor approximately 200 metres long. Mineralization is open to the north and south. Of particular note, a two-metre-wide high gold zone showing 24.22 g/t Au and 173.40 g/t Ag was encountered in hole 25OMI-002. Irving considers assay results from its low-angle drilling program to be very favourable (refer to the company's news release dated Oct. 31, 2025, for full results). At the Omu sinter, as part of a civil engineering groundwater survey and rock strength drill program, a shallow, vertical diamond drill hole, 25OMS-001, was completed yielding a 41.81-metre-thick high-silica gold-silver intercept. Silica content averages an impressive 96.6 per cent and gold and silver grades, 0.54 g/t and 8.7 g/t, respectively (refer to the company's news release dated Oct. 31, 2025). This hole confirms strong continuity of the Omu sinter, a shallow, flat horizon of silica deposited by ancient hot spring fluids. The water table was observed at the drilling depth of 30 metres or nine metres above sea level. Also, the aquifer was interpreted to lie at the basal fractured zone. This indicates most of this deposit occurs above the water table. Additional drilling is being completed at the Omu sinter to further test the level of groundwater, as well as continuity and extensions of this important, shallow deposit. Irving and JX Metals are currently laying out plans for the next steps to advance the Omu sinter pit and Omuisenbu toward becoming a new important source of smelter flux in Japan. Quinton Hennigh (PhD, PGeo) is the qualified person pursuant to National Instrument 43-101 (Standards of Disclosure for Mineral Projects) responsible for, and having reviewed and approved, the technical information contained in this news release. Dr. Hennigh is a technical adviser and a director of Irving, and has verified the data disclosed, including sampling, through review of photographs of core prior to and after sawing and sampling, and analytics, through review of standard and blank analyses. About Irving Resources Inc. Irving is a junior exploration company with a focus on gold in Japan. Irving resulted from completion of a plan of arrangement involving Irving, Gold Canyon Resources Inc. and First Mining Finance Corp. We seek Safe Harbor.