Mr. Steve Roebuck reports

HIGH TIDE RESOURCES PROVIDES UPDATE FROM ITS LABRADOR WEST IRON PROJECT

High Tide Resources Corp. has provided an update on its 2026 drilling program at the Labrador West iron project. Drilling continues to progress safely and efficiently with strong daily production rates and steady core flow to the assay lab.

Steve Roebuck, president and chief executive officer of High Tide, commented: "Our geology team and drill crews are doing excellent work, and the program is advancing efficiently. Core quality has been consistently good, and with assays pending, we're encouraged by the potential to expand the mineralized footprint and support future resource growth. Ongoing metallurgical testwork at SGA's laboratory in Germany is progressing well as we prepare to begin pilot plant-scale testwork. The pilot plant will use gravity concentration and flotation to produce concentrate from 2.5 tonnes of coarse reject drill core material collected in the 2022 drill program."

To date, the company has completed 12 drill holes, with two additional holes currently in progress. A total of 3,500 metres of HQ core has been drilled, with an average hole length of approximately 280 metres. With two rigs operating, daily production has averaged 80 metres per day, keeping the program on schedule.

Core from nine holes has been logged, sampled and submitted for analysis, while the remaining holes are being logged and split. High Tide expects the first assay results toward the end of the month, in line with the laboratory's four- to six-week turnaround time.

In parallel with drilling, the company has completed its airborne drone magnetic geophysical survey over the central and eastern portion of the project area. Final processed results are expected shortly and will be integrated with drilling data to refine geological interpretation and guide future targeting.

Next steps

• Continue drilling remaining planned metres;
• Continuing core logging, sampling and assay submissions;
• Integrate geophysics and drilling data into updated geological model:
  • Apply results toward resource expansion and future economic studies.
• Continue metallurgical testwork at SGA's laboratory in Germany.

About the Labrador West iron project

The Labrador West iron project is located near the mining communities of Labrador City and Wabush in western Labrador. The project benefits from established infrastructure, including road access, nearby power and proximity to rail. High Tide is advancing the project through systematic exploration, metallurgical testing, environmental baseline data collection and early stage economic evaluation.

About High Tide Resources Corp.

High Tide is focused on and committed to the development of mineral projects critical to infrastructure development using industry-best practices combined with a strong social licence from local communities. High Tide owns a 100-per-cent interest in the Labrador West iron project which hosts a National Instrument 43-101 inferred iron resource of 655 Mt (million tonnes) at 28.84 per cent Fe and is located adjacent to IOCC's Carol Lake mine in Labrador City, Nfld. This resource is exposed at surface and was pit constrained for an open-pit mining scenario. The technical report was filed on SEDAR+ on April 6, 2023, and was authored by Ryan Kressall, MSc, PGeo, Matthew Herrington, MSc, PGeo, Catharine Pelletier, PEng, and Jeffrey Cassoff, PEng.

The company also owns a 100-per-cent interest in the Lac Pegma copper-nickel-cobalt deposit located 50 kilometres southeast of Fermont, Que.

Qualified person

The technical information contained in this news release has been approved by Steve Roebuck, PGeo, director, president and chief executive officer of High Tide, who is a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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