Linear Minerals to conduct exploration at Lac Marion

Executive Summary

• Linear Minerals Corp. announced a follow-up exploration program at its Lac Marion property in Quebec, authorized by an ATI permit for mechanical trenching and diamond drilling, scheduled to commence in spring 2026.
• The company closed the first tranche of a non-brokered private placement, issuing 6.5 million units at $0.05 per unit for gross proceeds of $325,000, with proceeds designated for working capital and further exploration.
• Initial prospecting results highlighted promising heavy rare-earth element (REE) enrichment, distinguishing the project from typical light-REE occurrences in the region, though results are based on selective grab samples and no mineral resource has been defined.

Key Details

• Exploration Program:
  • Location: Lac Marion property, Quebec.
  • Authorization: Received Authorization de travaux d'intervention (ATI) from the Ministere des Ressources naturelles et des Forets (MRNF).
  • Activities: Mechanical trenching and diamond drilling.
  • Timeline: Planned to commence in spring 2026, subject to weather and site access.
  • Context: Follow-up to initial prospecting, geological mapping, and sampling completed in the first round.
• Drilling/Assay Results:
  • Lab: ACTLABS Ancaster, Ont. (ISO/IEC 17025-accredited).
  • Methods: Fusion ICP-MS and ICP-OES.
  • Findings: Promising rare-earth element (REE) results, specifically heavy rare-earth enrichment (dysprosium, terbium, and yttrium).
  • Significance: Heavy REEs are strategically important for permanent magnets, defense technologies, and clean energy; results suggest high-value mineralization distinct from typical light-REE occurrences in Quebec.
  • Caution: Samples are selective grab samples; insufficient exploration to define a mineral resource; uncertainty remains regarding further delineation.
• Financing (Private Placement):
  • Status: Closed the first tranche of the non-brokered private placement previously announced on Dec. 10, 2025.
  • Units Issued: 6.5 million hard-dollar units.
  • Price: $0.05 per unit.
  • Gross Proceeds: $325,000.
  • Warrant Terms: One common share purchase warrant per unit; each warrant entitles the holder to purchase one common share at $0.25 for a period of one year from the issue date.
  • Use of Proceeds: General working capital and further exploration efforts on Quebec properties.
  • Regulatory/Holds: Final closing subject to CSE and other regulatory approvals; securities subject to a statutory hold period of four months plus one day.
• Technical Person: Afzaal Pirzada, PGeo, geological consultant and Qualified Person under NI 43-101, reviewed and approved the scientific and technical information.