Pacific Booker Announces Commencement of Preliminary Feasibility Study and Resource Update; Announces Stock Options Exercise

Pacific Booker Minerals Inc. has engaged Tetra Tech Canada Inc. to conduct a Pre-Feasibility Study (PFS) for its 100%-owned Morrison Copper-Gold Project in British Columbia. The engagement builds on previous engineering work by Wardrop Engineering and involves a consortium of sub-consultants for mine planning, metallurgy, and environmental review. The PFS will incorporate an updated Mineral Resource Estimate, expected within one month, current engineering standards, and revised economic assumptions. Completion of the PFS is targeted for Q1 2027.

The company disclosed that stock options exercised by directors, officers, and consultants since May 1, 2026, generated approximately $2.07 million in proceeds. Proceeds were primarily used to repay a director loan and other payables, with the balance retained for general working capital.

Pacific Booker Minerals Inc. (BKM) is executing a Pre-Feasibility Study (PFS) as part of the mandate outlined in its July 16, 2026, $4 million financing. This engagement represents an expected, incremental step in the project's technical evaluation pathway. Additionally, the company exercised options to provide minor, non-dilutive working capital and reduce short-term liabilities, without altering the capital structure or introducing new strategic partnerships.

There are no new resource upgrades, bankable feasibility results, or M&A developments associated with these activities. The market likely priced in this progression following the July capital raise, with the impact aligning with prior guidance and management's stated strategic review process.

Pacific Booker Minerals Inc. (BKM) is a Canadian junior explorer advancing the Morrison Copper-Gold-Molybdenum project in central British Columbia. The project is in the advanced exploration stage with no production and minimal recent exploration spending of $31,868 in Q1 2026.

Historical resources include 208 Mt @ 0.39% Cu, 0.19 g/t Au, 0.005% Mo (Measured & Indicated) and 63 Mt @ 0.38% Cu, 0.19 g/t Au, 0.005% Mo (Inferred). Recent laboratory analysis identified nine additional government-listed critical minerals, including cobalt, lithium, and scandium, as well as rare earth elements, though commercial recoverability remains unproven.

Permitting requires active support from the Lake Babine Nation, which has been difficult to secure following a refused Environmental Assessment Certificate in 2022.