Canamera Resumes Auger Drilling at Turvolandia Rare Earth Project in Brazil

Executive Summary

• Canamera Energy Metals Corp. will resume auger drilling at the Turvolândia rare‑earth project in Brazil on February 5, 2026 after a holiday and weather pause.
• To date, 344 m of auger drilling have been completed across 27 holes—approximately one‑third of the planned program—with samples now in SGS laboratories for analysis.
• The company retains an option to acquire 100 % of Turvolândia (and São Sepé) subject to staged cash and share payments; a 0.5 % royalty can be repurchased for $500,000 upon exercise.

Key Details

• Resumption Date: February 5, 2026 – auger drilling will restart under contractor FCR Geologia e Exploração LTDA.
• Completed Drilling to Date: 344 m total depth across 27 holes (≈33 % of the planned auger program).
• Sample Handling: All core samples have been shipped to SGS laboratories in Belo Horizonte; results will be released after verification and approval.
• Project Location: Turvolândia lies ~55 km east of the Poços de Caldas alkaline complex in Minas Gerais, Brazil, within a region known for ionic‑clay rare‑earth deposits.
• Option Terms: Canamera may acquire 100 % interest by making cash/share payments and meeting exploration expenditure milestones; vendors retain a 1.0 % net smelter royalty, of which 0.5 % is repurchasable for $500,000. Additional cash payments are triggered upon achieving defined technical milestones (resource estimate, PEA, feasibility).
• Qualified Person: Warren Robb, P.Geo., VP Exploration, has reviewed and approved the scientific and technical information per NI 43‑101.

Notable Quotes

“Resuming drilling at Turvolândia marks an important step forward for Canamera as we continue to systematically evaluate the scale and continuity of this potential ionic clay rare earth system,” – Brad Brodeur, Chief Executive Officer.

Materiality Assessment: Non‑Material – Positive (operational progress update without disclosed financial impact).