Bathurst acquires option to acquire Merry May

Mr. Harold Forzley reports BATHURST METALS ANNOUNCES MERRY MAY CLAIM OPTION Bathurst Metals Corp. has completed the acquisition of an undivided 100-per-cent interest in the Merry May project, as announced on Sept. 5, 2025. The project is located on the west side of Truax Creek, south of Carpenter Lake, near Gold Bridge, B.C. It lies along the highly prospective Minto-Olympic-Mary Mac structural trend, which is known for its gold and antimony mineralization. The Merry May project consists of one mineral claim comprising 81.6 hectares near Gold Bridge, B.C. Situated 500 metres southwest and directly on trend is the Mary Mac deposit. Approximately 3.2 kilometres northwest, Endurance Gold Corp. has recently outlined multiple gold-in-soil anomalies as part of its Reliance gold project. Farther along the trend, 5.5 kilometres northwest, lies the historic Minto mine, which operated from 1934 to 1940, producing 80,650 tonnes of ore averaging 6.8 grams per tonne gold and 19.9 g/t silver. In total, Minto yielded 546 kilograms gold and 1,573 kg silver, with over 2,130 metres of underground workings developed, establishing it as a significant high-grade polymetallic producer in the Bridge River district. The Merry May project is also directly across Carpenter Lake from the company's Peerless property, providing the company with a strong presence in this highly prospective region. There is no assurance the company's results of exploration of the Merry May project will be similar to or mirror those of adjacent or proximal properties. The Merry May project was introduced to the company by an arm's-length vendor which had optioned the property four days before the company agreed to acquire it for a payment of $1,000, a minimum work commitment of $50,000 over 24 months and a 1-per-cent net smelter return royalty. The 1-per-cent NSR may be repurchased at any time after commencement of commercial production for the sum of $1-million (U.S.). The company assumed all these obligations and agreed to the issuance of 2.2 million shares with a discounted market value of approximately $148,500 as consideration for the assignment of the option. The shares will be released to the vendor over a period of one year, with 20 per cent released on closing and an additional 20 per cent released at the end of each calendar quarter following the closing. All common shares issued will be subject to a four-month hold period from the date of TSX Venture Exchange acceptance. No finder's fee was paid in connection with the transaction. The company considers the share consideration to be fair and reasonable due to its location and proximity to the company's Peerless property in the highly prospective Bridge River district. Qualified person Lorne Warner, PGeo, is a qualified person as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical disclosure in this news release. Mr. Warner is not independent of the company. We seek Safe Harbor.