Mr. Derrick Weyrauch reports

GT RESOURCES SECURES A DRILL PERMITTED, YUKON GOLD - COPPER PORPHYRY PROJECT NEAR CASINO DEPOSIT

GT Resources Inc. has entered into an earn-in agreement to acquire the CD project in the Yukon's Dawson Gold Range, located near Carmacks. CD hosts a gold-copper porphyry target, with valid drill permits until 2033.

The CD project exhibits significant geological parallels to Western Copper and Gold's Casino deposit, situated 90 kilometres to the northwest. The Casino deposit hosts a measured and indicated resource estimate of 7.6 billion pounds of copper and 4.8 million ounces gold.

"The Yukon is a premier, underexplored Tier 1 jurisdiction. After an extensive search for gold-rich porphyry systems, CD emerged as our top priority. It represents a rare combination of an advanced greenfield project with a clear exploration model, potential to host a multibillion-tonne deposit, derisked drill targets and comes with a 50,000-metre drill permit in place. CD possesses many similarities to the nearby Casino deposit, and we believe that there is great potential for additional large-scale deposits in the Dawson Range gold belt which has been significantly under explored for porphyry-style deposits," commented Neil Pettigrew, vice-president of exploration.

Investment highlights

• Why the company likes CD:
  • The project boasts a well-developed gold-copper porphyry target;
  • A secondary untested vein hosted gold-silver system is present (Schist target);
  • Straightforward exploration model with drill ready targets;
  • Rapid discovery timeline being fully permitted for up to 50,000 metres of drilling;
  • Emerging gold-rich copper porphyry district complements the company's existing Yukon strategy;
  • Politically safe jurisdiction with a well-regulated operating environment.
• Clear model: CD mimics the geology, age and alteration of the nearby Casino deposit;
• Data-driven advantage: over 15,000 soil samples, 90 line kilometres of induced polarization (IP) and 690 line km of drone magnetics have refined targets that remain virtually untested (only 800 m of historical drilling to date).

Similarities to the gold-rich Casino copper porphyry deposit:

• Geology: similar rock types, ages, alteration and structures:
  • Lithology and timing: Gold-copper mineralization is associated with late Cretaceous porphyritic felsic intrusives (Casino/Prospector Mountain suite). These units intrude older Whitehorse suite granites and Snowcap assemblage gneisses/schists.
  • Structural control: The intersection of regional northwest- and northeast-trending structures, providing dilation for porphyry emplacement.
  • Alteration: Brecciation and veining with widespread potassic and local phyllic plus propylitic alteration.
• Geophysics: geophysical anomalies coincident with geochemical anomalies:
  • Magnetic core: A central magnetic high anomaly associated with porphyritic intrusive rocks and coincident with Cu-in-soil anomaly.
  • Chargeability Halo: An IP chargeability anomaly flanking the core magnetic anomaly coincident with Au-in-soil anomaly.
• Geochemical footprint and historical validation:
  • CD hosts a 1,200 m by 400 m gold-copper-molybdenum anomaly.
  • Historical drilling (only six holes) demonstrated the presence of a mineralized system but notably failed to test the recently defined primary IP-gold-in-soil target.
  • Drilling (1970s):
    • 0.15 per cent Cu over 15.2 m (hole 76-2);
    • 0.09 g/t Au, 0.10 per cent Cu over 21.3 m (hole 76-4).
  • Trenching (1970s):
    • 0.43 g/t Au, 0.15 per cent Cu, 196 parts per million Mo over five m.
  • Grab samples (2011 to 2018):
    • 0.81 g/t Au, below a 632 ppm gold-in-soil sample.
  • Soils (2011 to 2018)
    • Peak soil values of 1,270 ppm Au, 1,485 ppm Cu and 42 ppm Mo.

Schist target, an untested vein hosted gold-silver system

• Undrilled;
• Large gold-arsenic-in-soil anomaly (2,000 m by 500 m);
• 1.67 g/t Au over 6.5 metres in historic (2011) trench chip samples;
• 6.29 g/t Au and 7.6 g/t Ag; 2.78 g/t Au and 25.7 g/t Ag in historic (2013 to 2015) grab samples;
• Potential similarities to nearby Au-Ag Klaza and Au-As Coffee deposits.

Geology and mineralization

The CD project lies within Yukon-Tanana terrane, a continental arc that developed along the ancient Pacific margin of North America from Late Devonian to Permian time and is situated between the Tintina fault to the northeast and the Denali fault to the southwest. In the CD project vicinity, specifically the Maloney target area, the terrane is dominated by the Devonian and older rocks of the Snowcap Assemblage, which is in turn dominated by fine clastic rocks, quartzite and conglomerate, including marble horizons metamorphosed to amphibolite grade. The Snowcap Assemblage has been introduced by numerous intermediate to felsic granitoid batholiths since the early Jurassic, notably in the Casino and CD area by the voluminous mid-Cretaceous Whitehorse suite. The Whitehorse suite intrusive event was followed by a more restricted late Cretaceous Casino/Prospector Mountain suite (approximately 79 million to 72 million years) felsic intrusive event which is closely associated mineralization at Casino and Klaza deposits.

Geological mapping and exploration in general at CD has historically been complicated by extensive glacial loess and weathering as the bulk of the area is unglaciated. From what little outcrop is available the geology, structure and intrusive relationship of the CD project have many analogues to the Casino deposit. At Casino a late Cretaceous porphyry (Patton porphyry) has intruded and brecciated surrounding Snowcap and Whitehorse rocks. This high phyllic and potassic altered breccia which hosts the gold-rich copper mineralization contains abundant disseminated pyrite and chalcopyrite and forms a discrete (approximately 1,800 by 1,000 m) pipe shaped halo surrounding the relatively massive Patton porphyry. At CD the company sees similar relationships with both Snowcap and Whitehorse suite rocks intruded by late Casino/Prospector suite age (75 million years) porphyritic rocks with widespread potassic and phyllic alteration and local brecciation. The geophysics at CD display a similar geometry to Casino with a magnetic core interpreted to represent a porphyry plug plunging to the southeast flanked by an IP chargeable rim.

Another style of mineralization present at CD is the vein-hosted gold-silver mineralization present at the Schist target. Less is known about this style of mineralization, and no drilling has every been conducted, the mineralization may be related to the nearby younger Klaza-style vein hosted gold-silver-lead-zinc deposit or the older Coffee-style disseminated gold-arsenic deposit. The Schist target comprises gold-, silver- and arsenic-bearing veins in hydrothermally altered metamorphic rocks. Mineralization within the veins consist of fine-grained disseminated pyrite and arsenopyrite with manganese oxide, limonite and sericite alteration. The Schist target contains a widespread (2,000 by 500 m) gold and arsenic-in-soil anomaly and numerous placer mining claims have recently been staked in the area.

Structurally CD, Casino and Klaza are all located near the intersection of large-scale northwest and smaller-scale northeast structures which may provide dilation for late Cretaceous porphyry intrusions and/or hydrothermal vein formation.

Exploration plan -- next steps

2026

The 2026 field season is dedicated to high-resolution data acquisition to precisely define the maiden drilling program. Given the heightened exploration activity in the Yukon, GT has optimized the earn-in schedule to prioritize advanced geophysical and geological modeling throughout the current year.

A key component of the 2026 work program is a property-wide airborne survey utilizing Expert Geophysics' MobileMT (mobile magnetotellurics) system. This cutting-edge, natural-field EM (electromagnetic) technology is specifically chosen for its ability to map deep subsurface resistivity and identify subtle disseminated sulphide mineralization that standard VTEM (versatile time-domain electromagnetic) surveys miss. By integrating MobileMT data with existing ground-based IP and magnetics, GT will develop a comprehensive 3-D model to pinpoint the highest-conviction drill targets.

2027

Building on the 2026 data, GT plans to conduct a 2,500- to 3,000-metre diamond drill program. This campaign will systematically test the gold-rich copper porphyry potential and the high-grade gold-silver vein targets at the Schist target.

Transaction details

The agreement was entered into on May 19, 2026, on an arm's-length basis between Strategic Metals Ltd. (SMD), which holds a 100-per-cent interest in the property (the seller) and GT, pursuant to which GT will have the sole and exclusive right to earn from the seller a 75-per-cent interest in and to the mineral claims comprising the property, in consideration for the issuance or payment by GT to seller of cash and shares and minimum exploration expenditures on the property as follows:

To earn a 60-per-cent interest in the property, making the following annual exploration expenditures and payments to seller in cash and shares, provided that the shares will be issued at a deemed price equal to the volume-weighted average price of the shares on the exchange (or, if the shares are no longer traded on the exchange, such other stock exchange on which the shares are principally listed and posted for trading) for the 10 trading days immediately preceding but excluding the applicable payment date, subject to such deemed price not being less than five cents per share. If the deemed price is less than five cents per share, then such share issuance shall be satisfied by way of a cash payment only.

Each of the aggregate cash and shares payments is $225,000 as follows:

• $25,000 cash and $25,000 in shares on or before Oct. 15, 2026;
• $50,000 cash and $50,000 in shares on or before Oct. 15, 2027;
• $50,000 cash and $50,000 in shares on or before Oct. 15, 2028;
• $50,000 cash and $50,000 in shares on or before Oct. 15, 2029;
• $50,000 cash and $50,000 in shares on or before Oct. 15, 2030;

Aggregate of $10-million of exploration expenditures over five years on the property as follows:

• $106,000 on or before Oct. 15, 2026;
• $1,894,000 on or before Oct. 15, 2027;
• $2-million on or before Oct. 15, 2028;
• $2.5-million on or before Oct. 15, 2029;
• $3.5-million on or before Oct. 15, 2030.

Upon GT having made all payments, share issuances and incurred the exploration expenditures, GT shall be deemed to have acquired a 60-per-cent interest in and to the property.

Upon providing notice on or before Nov. 15, 2030, GT has the right to earn an additional 15-per-cent interest, for a total of 75 per cent, on or before Dec. 15, 2030, by paying SMD an additional $1-million in cash or shares.

Upon earning a 75-per-cent interest, GT and SMD will enter a joint venture agreement to jointly finance continued development of the property on a 75/25 basis. Upon earning only a 60-per-cent interest, GT and SMD will enter a joint venture agreement to jointly finance continued development of the property on a 60/40 basis.

The transaction is subject to the receipt of approval from the TSX Venture Exchange to the transaction.

Qualified person

The technical information in this release has been reviewed and verified by Neil Pettigrew, MSc, PGeo, vice-president of exploration and a director of the company and the qualified person as defined by National Instrument 43-101.

About GT Resources Inc.

GT Resources is a mineral exploration company focused on the discovery and derisking of district-scale assets in top tier mining jurisdictions. The company's strategy is driven by a disciplined, science-based methodology designed to create shareholder value by advancing high-potential properties toward production within robust regulatory frameworks.

In Finland, the company is advancing its flagship Lantinen Koillismaa (LK) project, which hosts significant mineral resources including palladium, platinum, gold, copper and nickel. In Canada, GT maintains a portfolio of earlier-stage, preresource projects targeting critical and precious metals. The quality and scale of the company's project portfolio has attracted strategic investment from Glencore PLC, one of the world's largest diversified natural resource companies.

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