Mr. David Jackson reports

PRIMARY HYDROGEN ANNOUNCES FULLY FUNDED AND PERMITTED 2026 EXPLORATION AND MAIDEN DRILL PROGRAM AT WICHEEDA NORTH

Primary Hydrogen Corp. has prepared a fully funded and permitted 2026 work program at the Wicheeda North rare-earth element project in British Columbia. The program will culminate in the first drilling to be undertaken in the property's history. Soil geochemical sampling and an airborne radiometric survey will be completed in advance of the drill program, with approximately 1,500 metres of drilling targeted for completion in the fall of 2026.

Highlights of proposed work program

• First drilling on the property -- approximately 1,500 metres, targeted for completion in the fall of 2026;
• Five-year permit for up to 70 drill sites -- authorizing the 2026 program and successive programs through 2030 without a further notice of work application;
• No additional financing required -- financed from the company's previous critical mineral flow-through financing, as announced in the company's June 23, 2026, and July 8, 2026, news release, in respect of this ground and the proceeds of which are still held in treasury;
• Two untested targets -- the 2025 program identifies two high-priority REE anomaly clusters on the property, neither of which has been tested by drilling;
• Sequenced to narrow targets in advance of drilling -- soil geochemistry and an airborne radiometric survey precede the selection of drill collars.

"Wicheeda North is permitted and funded, so the question this year was one of sequencing," said David Jackson, chief executive officer of Primary Hydrogen. "We are sampling and flying the airborne survey ahead of the rig, so that the holes are placed on the best information available to us. I would rather spend a few weeks refining targets than mobilize early and guess. The permit runs five years and covers 70 drill sites, which allows us to plan well beyond a single season."

2026 work program

The program has been sequenced so that each stage progressively narrows the target set for the stage that follows, with soil geochemistry and airborne radiometrics completed in advance of drilling and drill targets selected only upon integration of the combined results.

• Soil geochemical sampling. Infill sampling is intended to tighten sample spacing within the company's existing soil grids in order to better define the extent and tenor of the anomalies identified during the 2025 field season. Extensional sampling will attempt to extend coverage beyond the current grid limits, in order to establish whether those anomalies are closed or remain open.
• Airborne radiometric survey. Gamma-ray spectrometric surveys measure the potassium, uranium and thorium channels. Rare-earth-bearing carbonatites commonly carry elevated thorium, which makes the thorium response a recognized vectoring tool for targets of this style. As the company has previously interpreted the property as carrying a greater depth of overburden than the neighbouring deposit, the survey is intended to narrow the target set rather than to define drill collars in isolation.
• Drilling. A maiden drill program of approximately 1,500 metres is planned and targeted for completion in the fall of 2026. Drill targets are to be selected upon completion of the surface programs described above, integrated with regional lidar (light detection and ranging) coverage, historical geophysical data and the results of the company's 2025 survey. A request for proposals has been issued to drilling contractors.

The Wicheeda North project

Wicheeda North comprises nine contiguous mineral claims totalling 2,138 hectares (21.1 square kilometres) in the northern Cariboo mining division of British Columbia. The property lies within the Rocky Mountain trench, a structural corridor known to host carbonatite intrusions associated with rare-earth element mineralization. The company holds an option to acquire a 75-per-cent interest in the property, and no drilling has been undertaken on the property to date.

In November, 2025, the company reported the results of an airborne geophysical survey and a soil geochemical sampling program completed during the 2025 field season. That work identified two high-priority REE anomaly clusters -- Grid A-South, in the northeastern portion of the property, and Grid D-South, in the eastern portion -- representing the highest rare-earth values recorded in the property-wide soil data set. Neither of these clusters has been tested by drilling. The company further reported that background rare earth levels across Wicheeda North are lower than those observed at the neighbouring Wicheeda deposit, which it interpreted as indicative of a greater depth of overburden.

The property lies approximately five kilometres northwest of the Wicheeda rare-earth deposit held by Defense Metals Corp. In February, 2026, the province of British Columbia's Critical Minerals Office selected the project covering the Wicheeda deposit for support under its advanced project initiative, being the only rare-earth project among the three selected (Defense Metals dated Feb. 23, 2026, press release). Federal funding has since been conditionally approved in respect of a 60-kilometre transmission line to serve that project (Defense Metals' March 4, 2026, press release). The company has no interest in the Wicheeda deposit. Mineral deposits and exploration results on neighbouring properties are not necessarily indicative of mineralization on the company's property, and no mineral resource has been estimated on Wicheeda North.

The company holds a Mines Act permit in respect of Wicheeda North, issued on a multiyear area-based basis for a five-year term expiring in 2031, authorizing surface drilling at up to 70 sites together with trenching and eight kilometres of exploration access. The 2026 program and successive programs through 2030 may accordingly proceed without a further notice of work application.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Christopher Michael Longton, AIPG CPG No. 11958, vice-president, exploration, of the company, a qualified person within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. As an officer of the company, Mr. Longton is not independent of the company for the purposes of National Instrument 43-101.

About Primary Hydrogen Corp.

Primary Hydrogen is dedicated to the exploration and development of natural hydrogen resources. With projects in the United States and across Canada, the company's portfolio includes the Blakelock, Hopkins, Mary's Harbour, Point Rosie, Crooked Amphibolite, Coquihalla and Cogburn projects. Primary has an option to acquire a 75-per-cent interest in a hydrogen-REE project known as Wicheeda North located in British Columbia.

We seek Safe Harbor.