NIOB Exploration Work Leads to Multiple Drill Targets

Executive Summary

• North American Niobium and Critical Minerals Corp. has identified multiple priority drill targets across its Québec portfolio (Seigneurie, Bardy, Blanchette, Miskam, Sabot) and plans an approximately 10,000‑metre drill program to be completed by year‑end 2026.
• The La Tuque area is interpreted to host at least two distinct mineralizing events for niobium and rare‑earth elements, expanding the district‑scale exploration opportunity.
• Ongoing work includes radon surveying, selective rock sampling, geological reinterpretation, permitting progress, and a high‑resolution magnetic drone survey (delayed by weather).

Key Details

• Financing background: $4.82 M flow‑through financing secured in 2025 supports the current exploration program.
• Target styles: Three broad target types identified – carbonatite‑associated systems, evolved syenitic intrusions, and late‑stage pegmatitic/hydrothermal expressions.
• Drill campaign scope: ~10,000 m of drilling slated for 2026 across the six Québec projects, with flexibility to reallocate metres as new data emerge.
• La Tuque mineralization pulses:
• Pegmatite‑related Nb‑REE mineralization dated 1060–1070 Ma.
• Younger syenitic intrusive events dated ~1025–981 Ma.
• Soil‑gas radon work: Near completion in La Tuque; continuation planned at Seigneurie.
• Magnetic drone survey: Planned for Bardy and Blanchette; delayed due to weather/personnel availability.
• Seigneurie intrusive target: May exceed 300 m width; drilling will test internal zoning and potential Nb‑REE mineralization zones.
• Project‑specific updates:
• Bardy & Blanchette: Radon results, selective sampling, and geological interpretation used to refine drill targets; magnetic survey pending.
• Sabot: Field results support inclusion in 2026 pipeline; backpack drill campaign scheduled for Apr/May 2026.
• Miskam: Land expansion into area with government‑defined Nb‑La‑Y anomalies; consistent with district‑scale strategy.
• Permitting: Stakeholder relationships and recent permitting progress expected to streamline future ATI (Authorisation to Issue) applications supporting drilling.

Notable Quotes

“Our drill targeting pipeline across Québec has substantially improved…multiple opportunities to test for niobium, rare earths, and other critical elements during what we expect will be an active 2026 drill campaign.” – Murray Nye, CEO

Materiality Assessment: Non‑Material – Positive (operational update with forward‑looking plans; no immediate financial impact disclosed).