22:58:42 EDT Wed 19 Aug 2026
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Absolutely Critical Resources Corp
Symbol ABC
Shares Issued 37,810,111
Close 2026-08-19 C$ 0.015
Market Cap C$ 567,152
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Absolutely Critical awaits permit for Mary Ann's Lake

2026-08-19 18:47 ET - News Release

Mr. John O'Donnell reports

ABSOLUTELY CRITICAL RESOURCES PROVIDES EXPLORATION UPDATE

Absolutely Critical Resources Corp. has provided an update on its corporate activities and exploration plans.

Mary Ann's Lake zinc/copper/silver project -- Cape Breton, N.S.

The Mary Ann's Lake exploration target lies in proximity (approximately 1,500 metres) to the former Stirling mine, a massive sulphide deposit and former producer of zinc-lead-copper-silver-gold. Mary Ann's Lake is a blind prospect discovered by an airborne survey flown in winter 1992. Initial follow-up ground induced polarization and drilling in two short holes encountered a broad (80 metres wide) altered and mineralized zone (talc-sericite-pyrite) closely resembling the host rocks to the Stirling mine.

The significance of the talc-sericite-pyrite interbedded with mudstone and felsic pyroclastics is that this mineralization is hydrothermal exhalative, which indicates proximity to a vent, the site of formation of massive sulphides. A postdrilling ground and bore electromagnetics and surface survey by Crone Geophysics marked an anomaly about 50 m below an important 4.03-ounce-per-ton silver assay in massive sulphide in one of the holes drilled in 1992. This anomaly will be drill tested at the beginning of October. The financing is in place, and the company has signed a contract with a drilling company to do the work on a fixed cost basis. To assist with the financing of this project, the company has been awarded a grant of $52,500 under the Nova Scotia junior mining assistance program, $31,500 of which has already been advanced. The company acknowledges and is grateful for the support of the Nova Scotia Mineral Resources Development Fund by the government of Nova Scotia, which has awarded the company the shared grant.

An application for a permit to drill the property has been submitted to the Ministry of Natural Resources, and Douglas (Doug) Hunter visited the property in June, 2026, and showed the proposed Crown land drill site to two provincial foresters with the ministry as part of the drilling permit process. The company expects to receive the permit shortly. Mr. Hunter has visited the property to arrange for the necessary accommodations and infrastructure to complete the drilling program, and the project is expected to be completed by mid-October.

Massey nickel/copper project -- Timmins, Ont.

The Massey property, which comprises approximately 2,200 hectares, is an exceptional exploration project with a data-supported exploration plan already in place. It is situated in the Kamiskotia complex, host to number of volcanogenic massive sulphide deposits and nickel sulphide zones. The property in the past was incorrectly interpreted to be underlain by a large granite intrusion. Recent geological traverses have established extensive gabbro, host rock for nickel sulphide mineralization, and recent prospecting has identified sulphide occurrences coincident with VTEM anomalies. Numerous priority VTEM targets have been identified and modelled for drilling by Geotech. The project has strong priority targets and is drill ready. A work permit has been submitted and approved. In July, 2026, the Ministry of Energy and Mines (Ontario) issued the diamond drilling permit for the Massey property following the mandatory comment period, which had to be extended to give a first nation some extra time to review the application. This was due to the community evacuation that took place during the comment period.

On March 5, 2025, two additional claims were staked and registered to tie on to the north of the Massey property.

A drone magnetometer survey was commissioned to cover certain priority VTEM anomalies to provide high-resolution magnetic data over the targets. The report on the survey was approved, and the next due dates for assessment work on the any of the claims on the property are Jan. 27, 2027.

Previously available VTEM data covering the parts of the property were not available for a large area in the middle of the property (the Doughnut hole). The missing Doughnut hole VTEM data have been acquired, and the company has VTEM coverage across the entire Massey property.

A prospecting program was completed on the Massey project in June, 2026, which was planned to check the bedrock exposure over a VTEM anomaly, which was identified in the recently acquired Doughnut hole VTEM data. The anomaly is one of the stronger anomalies and was considered a candidate for diamond drilling. Prospecting did not explain the VTEM anomaly despite widespread outcrop exposure. It was anticipated that the anomaly may be flat lying as the Maxwell plate model for another anomaly is also flat lying. During the prospecting, an old undocumented trench was found with quartz veins and shearing. Not much time was spent on the trench or trying to trace the shear zone as it was not a priority. A total of eight grab samples of gabbro and the quartz vein material from the shear zone were collected.

One gabbro sample returned an elevated value of 1,055 parts per million nickel. This was not a mineralized exposure. This is considered significant as it is encouraging to see an elevated nickel value with only traces of visible sulphides and proximal to the location of the anomaly.

A sample from the quartz vein returned 0.34 gram per tonne gold. This is an interesting result as the quartz vein material was associated with strong shearing and is an undocumented gold occurrence with no record of the old trench.

As a result of these results, on July 31, 2026, an additional 13 mining claims were registered along the east side of the Massey property to provide a larger buffer zone around the anomaly.

The company commissioned geophysicist, Alan R. King, MSc, PGeophys, to evaluate VTEM anomalies and complete Maxwell plate models on any VTEM anomalies planned for drilling. It was determined that a review by a geophysicist would be beneficial in evaluating the VTEM data as a complete continuous survey and to independently identify the strongest VTEM anomalies. From the originally identified strong anomalies, Mr. King has identified five very strong high-priority VTEM anomalies for drilling ranging from 400 siemens to an extreme high of 4500 siemens. There are also identified 17 second-level anomalies on the Massey property, with the nine strong anomalies identified by Mr. King ranging from 220 to 525 siemens. This modelling is essential for drill hole planning as some of the known Maxwell plates are flat lying.

Mr. Hunter, PGeo, stated: "These are high-priority drill targets based on our knowledge of exploration on the adjoining property, which is held by Mink Ventures Corp. This company, which is very active in the immediate area, has reported significant copper-nickel mineralization in a number of drill holes."

Drill hole planning without these plate models could lead to drill holes not explaining the VTEM anomalies.

Now that the final review from Mr. King has been received, the two access trails on the property need to be scouted out to determine which targets can be accessed during the summer/fall drilling. This work, which will take a few days in the field, will determine which targets can be drilled in the summer/fall and which targets can only be drilled in winter, and will be commenced shortly.

Mr. Hunter, PGeo, a director of the company, is a qualified person under NI 43-101, and has provided and has approved the technical information contained in this press release.

We seek Safe Harbor.

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