Silver Grail Announces Assay Results that Confirm Porphyry-Style Copper Mineralization at Eastern Magnetic Anomaly, Ram Property, Golden Triangle, BC

The news release dated January 12, 2026, reports assay results from the inaugural 7-hole (1,978 meters) diamond drill program at the Ram Property in British Columbia’s Golden Triangle. The program targeted two magnetic anomalies: - The Eastern Anomaly confirmed a porphyry-style copper-gold-molybdenum system. Hole RAM25-002 returned 152m of 0.02 g/t Au and 91m of 0.02 g/t Au. Hole RAM25-007 returned 163.4m of 0.02 g/t Au. - The Western Anomaly identified localized higher-grade vein mineralization. Hole RAM25-004 returned 3.64 g/t Au over 1.0m within a wider interval. - CEO Dino Cremonese acknowledged that while a legitimate porphyry target is confirmed, the grades at this stage are "modest."

The impact is neutral to slightly negative for the following reasons: - Low Grades: The "broad zones" of mineralization in the Eastern Anomaly are extremely low grade (0.02 g/t Gold). While common for the outer shells of porphyry systems, they do not currently represent economic mineralization. - Market Anticipation: The stock price surged from $0.07 in early 2025 to a high of $0.55 in late December 2025, suggesting the market had priced in a significant discovery. These "modest" results may lead to a "sell the news" reaction as the retail excitement cools. - Validation: On the positive side, the results validate the geological model and the presence of a mineralizing system, providing a basis for further exploration. However, the company remains in a very early, high-risk stage.

Silver Grail Resources is a junior explorer focused on the Golden Triangle of British Columbia. - Flagship Project: The Ram Property (jointly owned with Teuton Resources). It is located 7km west of the Red Mountain deposit. - Other Assets: The Clone Property (gold-copper) and several royalty interests (NSRs) on properties in the region.