Mr. Byron Coulthard reports

RESOURCES ACCELERATES STRATEGIC GROWTH WITH HIGH-IMPACT SONORA, MEXICO EXPANSION

BRS Resources Ltd. has made a transformative step in its mission to unlock value through sustainable mineral development. BRS has signed a non-binding letter of intent (LOI) dated June 20, 2026, regarding a potential acquisition to target a strategic expansion into the legendary Mulatos epithermal belt in Sonora, Mexico -- a mining jurisdiction renowned for its geological potential.

This potential acquisition positions BRS in the heart of a premier mining district, sharing the neighborhood with industry titans like Alamos Gold's Mulatos mine and Agnico Eagle's La India mine.

A vision for sustainable success

"By marrying our commitment to sustainable, responsible mining with these concessions, we are not just looking for ounces -- we are looking to build a cornerstone asset that delivers long-term, compounding value for our shareholders and meaningful, sustainable economic opportunities for the Sonora community," said Byron K. Coulthard.

The LOI outlines the preliminary terms for the acquisition of up to a 75-per-cent interest in the following properties:

• La Guadalupana F-I (title No. 245227)La Guadalupana F-II (title No. 245228);

• El Senor de los Guerreros F-I (title No. 246158);

• El Senor de los Guerreros F-II (fitle No. 246159).

Strategic highlights

Substantial growth potential: Under the terms of the LOI, BRS proposes to invest up to $5-million (U.S.) in exploration and development over a five-year period. This capital infusion would support project advancement across a combined concession area of 947.7368 hectares.

Technical validation: In line with a commitment to transparency and data-driven exploration, BRS will commission and advance a NI 43-101 technical report within 60 days of the signing of the LOI.

Proposed structure: Pursuant to the LOI, BRS may earn a 75-per-cent interest in the properties by expending $5-million (U.S.) in exploration and development over a five-year period and, at its sole discretion, making a payment of $5-million (U.S.) at the end of the 5 year period. BRS has agreed to grant the vendors a 3-per-cent net smelter return royalty (NSR) with the option to buy-back 2 per cent of the NSR for $3-million (U.S.). Upon execution of a definitive agreement, BRS has agreed to pay $100,000 (U.S.) which will be used by the vendors for the preparation of a NI 43-101 technical report. As part of the acquisition, the vendors have agreed to grant to BRS a right of first refusal in connection with the sale of any of their interest in the properties.

BRS Resources Ltd.

BRS is a mineral exploration company focused on the identification, evaluation and acquisition of mineral exploration properties using sustainable and innovative practices. BRS prioritizes building trust within the communities where it operates and creating lasting value for its stakeholders through responsible resource development.

We seek Safe Harbor.