1844 Resources Defines Priority Drill Targets at SV2 Copper Project Following Geophysical Survey

Executive Summary of Latest Release (April 22, 2026)

• 1844 Resources Inc. completed and interpreted an airborne geophysical survey at its SV2 copper project in Québec's Gaspé Peninsula.
• The survey results provide a structural and geological framework to define priority drill targets for the upcoming drilling program.
• Geophysical data identified structural corridors, magnetic responses correlating with mineralization, and intrusive signatures consistent with a large-scale mineralizing source.
• Radiometric data highlighted alteration patterns associated with porphyry-style systems.
• The company is integrating geophysical, geological, and historical drilling data to finalize priority targets before execution of the upcoming program.

Evaluation of News Impact

• The news confirms the execution phase of the strategy announced in January and February 2026 financing rounds.
• Permit acquisition (April 9) was a prerequisite for this step; target definition is a logical follow-up to the geological model refinement (April 16).
• No new resource estimate or discovery announcement is included, only the identification of targets for future drilling.
• The market likely anticipated these steps following the permit acquisition and financing closure.

Project Details

• Flagship Asset: SV2 Copper Project (Vortex/Sullipek/Vallieres).
• Location: Gaspé Peninsula, Québec, Canada.
• Land Position: 130 claims covering approximately 68 km² within the Gaspé copper belt.
• Proximity: Located 22 km west of Osisko Metals' Murdochville project (advanced stage mine).
• Mineralization Style: Porphyry- and skarn-style copper deposits associated with felsic to intermediate porphyritic intrusions.