BRS Resources plans drilling at Cowtrail

• The most recent news releases from April 16, 2026, outline the 2026 exploration plan for the Cowtrail copper-gold project in British Columbia.
• The company plans to drill between 1,500 and 2,000 meters within the Lea Lake target area using diamond drilling methods.
• Additional geophysical surveys (land-based or airborne) are planned subject to contractor availability.
• This program builds upon historical intercepts from 2023 and 2025, specifically referencing CT23-16 and CT25-23.
• A concurrent update on April 15, 2026, details an amendment to the option agreement with Cariboo Rose Resources Ltd., restructuring cash payments and share issuances for 2026 through 2028.
• The amendment reduces near-term financial obligations in 2026 and 2027 while adding new obligations for 2028.

• The exploration plan is consistent with previous operational updates from February 2026, indicating no surprise or deviation from management's stated strategy.
• Liquidity remains robust following the sale of AleAnna shares in March 2026, which pushed the balance sheet above $10 million.
• The option amendment reduces immediate cash burn for 2026 and 2027, lowering short-term financing risk but extending obligations into 2028.
• There is no new discovery data or assay results in this specific release; it is a procedural update on planned work rather than a result announcement.
• The market impact is expected to be neutral to slightly positive as it confirms the company remains active and funded, but lacks the catalyst of a drill result to drive significant price appreciation immediately.

• BRS Resources Ltd. operates the Cowtrail porphyry copper-gold project in south-central British Columbia.
• The property encompasses 4,717 hectares (11,650 acres) and is contiguous with Vizsla Copper Corp's Woodjam project.
• The project features a southwest-trending mineralized corridor extending beyond the original 2007 discovery.
• Historical drilling has identified significant intercepts including 0.15% copper and 0.120 g/t gold over 105 meters (CT23-16).
• Management is led by CEO Byron Coulthard, who emphasizes financial flexibility and robust liquidity in recent communications.