Military Metals starts drill program at Trojarova

Executive Summary

• Military Metals Corp. has commenced a 10-hole, 2,500-metre definition drilling campaign at its 100%-owned Trojarova antimony-gold project in Slovakia.
• The company appointed David Murray, PGeo, as Vice-President of Exploration, replacing Avrom Howard.
• The drilling program aims to confirm historical results, update the mineral resource estimate (targeted for early 2026 via SLR Consulting), and test for northwest strike continuity.

Key Details

• Drilling Campaign Scope:
  • Total of up to 10 diamond drill holes.
  • Total of up to 2,500 metres of drilling.
  • Seven holes designed to confirm historical drilling results and update SLR Consulting's continuing mineral resource estimate.
  • Three holes designed to test the deposit for NW strike continuity, targeting projected extensions of the deposit where historical data suggests thickening and increasing antimony grades.
• Historical Resource Context:
  • Discovered nearly 50 years ago; extensive exploration occurred between 1983 and 1995 (63 holes, 14,330m).
  • 1992 Historical Estimate (Slovak Geological Institute): 2.46 million tonnes averaging 2.47% antimony and 0.635 g/t gold at a 1.0% cut-off.
  • Contains approx. 60,000 tonnes of antimony in situ.
  • Classified as P1 (comparable to CIM Inferred) using a post-Soviet Russian system; not treated as current by the company.
• Management Changes:
  • Appointee: David Murray, PGeo, appointed Vice-President of Exploration.
  • Experience: 15 years in mineral exploration/mining; former roles at Goldcorp and Newmont; diverse commodity experience (gold, porphyry, VMS, Ni-Cu-PGE, Zn-Pb-Ag, Li pegmatites/brines).
  • Predecessor: Avrom Howard thanked for contributions over the past year.
• Options Grant:
  • Granted 300,000 stock options to David Murray.
  • Exercise Price: $0.50 per share.
  • Vesting: Immediate.
  • Term: Five years from date of grant.

Notable Quotes

• "The commencement of this drilling campaign at our flagship Trojarova project is a milestone achievement. The results of this program will allow for the completion of the project's mineral resource estimate early in 2026 and serve as a launch pad for continued advancement of this strategic asset." — Scott Eldridge, CEO
• "I am excited to welcome David Murray as our vice-president of exploration. He brings 15 years of international mineral industry experience... His technical skills will be an asset to the company." — Scott Eldridge, CEO