Nexcel Announces Commencement of Historical Data Compilation at Burnt Hill Tungsten Project

Executive Summary

• Nexcel Metals has engaged Graham Giles, P.Geo., to compile and digitize historical exploration data for the Burnt Hill Tungsten Project.
• The integrated GIS platform will support a revised airborne geophysical survey (targeting deeper targets) slated for spring 2026 and inform the design of an initial drill program planned for summer 2026.

Key Details

• Graham Giles, a GIS and data‑compilation specialist, has begun consolidating historical geological, geochemical, geophysical, and drilling datasets into a modern GIS/database system.
• The unified digital database is expected to improve the Company’s ability to analyze past results and refine exploration strategies at Burnt Hill.
• Preliminary review of the compiled data has already led Nexcel to modify the parameters of its planned airborne geophysical survey, shifting focus to deeper subsurface features.
• The revised geophysical survey is scheduled for spring 2026; insights from this work will guide target selection for an initial drilling campaign anticipated in summer 2026.
• Burnt Hill hosts a NI 43‑101 indicated resource of 1,761,000 t (0.292% WO₃) and an inferred resource of 1,520,000 t (0.263% WO₃), with additional tin and molybdenum mineralization.
• Qualified Person Francis Newton, P.Geo., has reviewed and approved the technical information in this release.

Notable Quotes

“The updated GIS framework will allow Nexcel to better analyze historical exploration results and refine its exploration strategy for the project.” – Hugh Rogers, CEO

Materiality Assessment: Non‑Material – Neutral (operational update without immediate financial impact).