Panther Minerals Begins Exploration Program at the East Brouillan Property and Announces Proposed Transaction

Executive Summary

• Panther Minerals announced the commencement of a systematic regional‑ and local‑scale exploration program on its newly acquired East Brouillan Copper (EB) Property in Quebec.
• The company also entered into an arm’s‑length Sale and Purchase Agreement to acquire 100 % of the Rubidium Ridge Lithium‑Tantalum (RR) Property from Usha Resources for $80,000 cash plus 4,500,000 common shares, subject to a 2 % NSR royalty with buy‑back rights.
• Both initiatives are forward‑looking efforts aimed at expanding Panther’s base‑metal and critical‑minerals portfolio and are expected to generate additional geological, geophysical and geochemical data throughout the upcoming field season.

Key Details

• EB Property Overview
• Consists of 14 claims covering ~778 ha in the northern Abitibi greenstone belt, adjacent to the Brouillan Volcanic Complex.
• Proximity to historic deposits such as B26 (13 Mt @ 2.1 % CuEq) and Selbaie Mine (56.5 Mt @ 0.9 % Cu).
• Exploration Program – EB Property
• Regional Scale: Prospecting, airborne geophysics (drone magnetic & VLF), regional soil sampling.
• Local Scale: Detailed geological mapping of target zones, local geochemical soil sampling.
• Target Focus:
  • West: Two NW‑SE EM conductors with N‑S high magnetic anomalies near fault structures and diabase dykes.
  • East: Multiple NW‑SE EM conductors linked to low–moderate magnetic anomalies at lithological contacts (volcanics, tuffs).
  • North: NW‑SE EM conductors associated with tonalite‑diorite contact zones.
• Rubidium Ridge Lithium‑Tantalum Property Acquisition
• Seller: Usha Resources Ltd. (TSXV:USHA) – arm’s‑length transaction, no finder’s fees.
• Consideration: $80,000 cash + 4,500,000 Panther common shares; shares subject to a six‑month voluntary escrow.
• Royalty Structure: 2 % NSR royalty with a 1 % buy‑back option at $1,000,000 and a right of first refusal on the remaining 1 %.
• Property Highlights:
  • 110 claims located ~180 km west of Thunder Bay.
  • Historic sampling identified beryl and Nb‑Ta oxides over ~2 km strike; spodumene‑type fractionation indicated.
  • Elevated Li (up to 450 ppm), Cs, Rb in metasedimentary host rocks; grab samples from Bingo pegmatite show high grades: Cs 956 ppm, Ga 228 ppm, Li 724 ppm, Nb 1,088 ppm, Rb 4,100 ppm, Ta 557 ppm.
• Regulatory & Closing Conditions
• Transaction subject to CSE filings, due‑diligence, NI 43‑101 technical report for RR Property, and other customary approvals.
• All consideration shares placed in escrow for six months; NSR royalty buy‑back rights also contingent on approval.

Notable Quotes

• Ram Kumar, CEO & Director: “We are excited to launch field work at the EB Property and to add a high‑potential lithium‑tantalum project to our portfolio, positioning Panther Minerals for growth across both base‑metal and critical‑minerals markets.”