Ms. Keturah Nathe reports

ANQUIRO VENTURES CORPORATE UPDATE

Anquiro Ventures Ltd. has scheduled an annual general special meeting of the shareholders to be held on March 30, 2026, to obtain, among other things, approval, by majority of the minority approval (which will be defined in the information circular) to proceed with the reverse takeover transaction among Anquiro and Black Pine Resources Corp., and 1504671 B.C. Ltd., a wholly owned subsidiary of Anquiro, which will constitute the qualifying transaction of the company. Assuming all conditions to the closing of the proposed transaction are satisfied, the parties anticipate closing the proposed transaction in April, 2026, subject to final approval by the TSX Venture Exchange following the meeting.

Sugarloaf copper project update and 2026 exploration plans

In connection to the Sugar Loaf property and receiving approval from the U.S. Forest Service for its plan of operation, the company and Black Pine jointly announce the anticipated 2026 exploration and drilling plan with the goal to generate a modern resource estimate on the property. The permit was received from the State of New Mexico, and the bond was posted at the end of December, 2025. The 2026 exploration plan is permitted for the construction of new access roads, 13 drill sites and 13 drill holes with an estimated total depth of 300 feet (91.4 metres) for each hole. Drill cuttings and samples will then be transported and assayed by ALS Geochemistry for analysis. With the completion of the exploration plan, it is the company and Black Pine's goal to create a new resource estimate and confirm contiguous shallow copper mineralization of the same type currently being mined less than a mile away at Freeport McMoran's Tyrone copper mine.

Additional information

Trading in the common shares of the company is currently suspended in accordance with the policies of the exchange and will remain suspended until such time as all required documentation in connection with the proposed transaction has been filed with and accepted by the exchange and permission to resume trading has been obtained from the exchange.

Completion of the proposed transaction is subject to a number of conditions, and there can be no assurance that the proposed transaction will be completed as proposed or at all.

The Sugarloaf property

The Sugarloaf property is composed of 77 unpatented mining claims covering a total of 1,544 acres located 650 metres west of Freeport's secondary copper open pit at the Tyrone mine, New Mexico. Surface sampling completed to date on the Sugarloaf property has delineated an area in excess of 5,000 feet long by 1,000 feet wide of mineralization that assays 0.20 per cent to 0.48 per cent copper and several high-angle shear zones that assay up to 6.29 per cent copper. Induced polarization/resistivity surveys conducted in 1973 and 2022 have identified an apparent sulphide body in the northeast and a peripheral zone with a geophysical signature consistent with a copper oxide blanket that extends to the south around the area of a small open pit. Leaching tests done on samples from the vicinity of the open pit showed potential leachability using sulphuric acid. Black Pine has submitted a plan of operation through the U.S. Forest Service to seek approval to complete a Stage 1 drilling program. Readers are cautioned that the above-mentioned samples are selective, may be biased by nature, and, therefore, are not necessarily representative of the overall grade and extent of any mineralization that could occur on the subject areas of the Sugarloaf property.

The scientific and technical information contained in this news release was reviewed and approved by Richard Kern, BSc, MSc, is a qualified person, a proposed director of the resulting issuer as defined under National Instrument 43-101.

Additional information regarding Black Pine can be viewed on its website.

About Black Pine Resources Corp.

Black Pine was incorporated under the Business Corporations Act (British Columbia) on Oct. 20, 2017, under the name Digital Asset Management Corp. On Feb. 23, 2021, Black Pine changed its name to Black Pine Resources Corp. Black Pine is a mineral exploration company focused on the acquisition and exploration of mineral properties. Pursuant to an agreement dated April 12, 2022, as amended, with Great Basin Resources Inc., Black Pine is entitled to earn an undivided 100-per-cent interest in the Sugarloaf copper project, subject to a 2-per-cent net smelter royalty due to GBR and certain other payments due to GBR, as provided in the property agreement.

About Anquiro Ventures Ltd.

The company was incorporated under the Business Corporations Act (British Columbia) on March 1, 2012, and is a capital pool company (as such term is defined in exchange Policy 2.4) listed on the exchange. The company has no commercial operations and no assets other than cash.

We seek Safe Harbor.