Buffalo Potash Announces Initiation of Maiden Resource Estimate and Preliminary Economic Assessment for Flagship Disley Project

Executive Summary

• Buffalo Potash engaged Micon International to prepare a NI 43‑101 compliant mineral resource estimate (MRE) and preliminary economic assessment (PEA) for the Disley Project, with completion expected in Q2 2026.
• The study will deliver the company’s first independent inventory of potash resources and an initial economic model—including cash‑flow, NPV, IRR and payback estimates—to support its modular Horizontal Line‑Drive (HLD) solution‑mining strategy.
• Buffalo also entered a six‑month investor‑relations services agreement with Oak Hill Financial Inc., payable $12,000 per month, to enhance stakeholder communications and market awareness.

Key Details

• Consultant Appointment: Micon International Limited, specialist in potash resource estimation and technical studies, retained as the Qualified Person for the MRE and PEA.
• Project Scope: Disley Project (≈9,413 ha) located ~50 km NW of Regina, adjacent to major solution‑mining operations (K+S Bethune and Mosaic Belle Plaine).
• Deliverables & Timeline:
• Maiden mineral resource estimate (NI 43‑101 compliant).
• Preliminary Economic Assessment covering cash‑flow projections, NPV, IRR, payback period.
• Anticipated completion: Q2 2026.
• Strategic Rationale: The MRE and PEA will underpin Buffalo’s HLD modular approach, defining geological and engineering bases for phased solution‑mining development and informing subsequent feasibility work.
• Management Commentary: CEO Steve Halabura highlighted the project’s favorable depth, historic drilling data, and proximity to existing infrastructure as key strengths; he expects the MRE/PEA to be an inflection point toward development.
• Investor Relations Agreement:
• Oak Hill Financial Inc. to provide strategic communication advice and market‑awareness services.
• Term: initial six months, renewable monthly thereafter.
• Fee: $12,000 per month plus applicable taxes; no securities granted to Oak Hill.
• Qualified Person Review: Dr. Douglas F. Hambley (PhD, PE) reviewed and approved the technical content of the release.

Notable Quotes

“We believe the maiden resource and PEA will mark an inflection point for Buffalo, advancing Disley toward development and establishing a roadmap for a modular strategy that we believe can be scaled across Saskatchewan.” – Steve Halabura, CEO & Director, Buffalo Potash

Materiality Assessment: Non‑Material – Positive (milestone announcement without immediate financial impact).