Mr. Robert Klenk reports

JZR GOLD REFLECTS ON A YEAR OF EXECUTION AND LOOKS AHEAD TO A TRANSFORMATIONAL 2026

JZR Gold Inc. has provided a review of key operational and corporate progress achieved during 2025 while outlining expectations for 2026 as the company works with its partners toward revenue generation and cash flow from its interest in the Vila Nova gold project in Brazil.

2025 highlights:

• Advanced the Vila Nova gold project to production; successful installation of a gravimetric mill, which led the production of gold concentrate;
• Enhanced financial capacity through multiple equity raises, securing several private placements that strengthened liquidity for continuing development.

2025 Vila Nova activity update

Over the past year, JZR focused on disciplined execution and working diligently with Eco Mining Oil & Gaz Drilling Exploration (EIRELI), the operator of the Vila Nova gold project located in the state of Amapa, Brazil. The company's and Eco's combined efforts resulted in the Vila Nova gold project receiving all required approvals to bring the project closer to production. The company possesses a 50-per-cent net profit interest (as defined in a joint venture royalty agreement with Eco) from all net profit (as defined in the joint venture royalty agreement) generated from the Vila Nova gold project. In October, 2025, the company was advised that Eco completed commissioning and testing of the 800-tonne-per-day gravimetric mill and produced the project's first gold concentrate.

Throughout 2025, Eco advanced the facility toward steady-state operations by hiring and training personnel, replacing and upgrading several components, and optimizing plant performance. Following initial concentrate production, material has been stockpiled on site while the operation focused on processing higher-grade material once operational consistency has been achieved. The company has been advised that two potential buyers of gold concentrate have since visited the site to review the facility and operations, and concentrate samples have been submitted for independent analysis, with results expected in the near term.

"These steps were not isolated milestones," said Robert Klenk, chief executive officer of JZR Gold. "They reflect a methodical progression toward sustainable operations by Eco. The focus throughout 2025 was ensuring that Eco was able to secure the necessary permits and to ensure that the plant, people and processes were in place to support anticipated long-term production by Eco."

In parallel with operational advancement, JZR strengthened its financial position. In October, 2025, the company received $1.6-million in proceeds from the full exercise of outstanding warrants, providing additional working capital flexibility while limiting shareholder dilution.

Looking ahead, management expects 2026 to represent a transformational year. Eco is working toward fully ramping the Vila Nova facility to its designed capacity of 800 tonnes per day, positioning the project to generate gold concentrate sales, revenue and cash flow. Under the joint venture royalty agreement, JZR earned a 50-per-cent interest in 2023 in the project by making certain payments to Eco totalling $6-million (U.S.), which financed 100 per cent of the purchase and installation of the processing plant and mill. Once revenue is generated by Eco, as anticipated, JZR is to be repaid for those capital contributions while retaining its 50-per-cent net profit interest.

Importantly, the Vila Nova project stands apart in an increasingly scrutinized regulatory environment, underscoring the value of JZR and Eco's long-standing commitment to operating a fully licensed and permitted project at both the state and federal levels. "As governments increase oversight, compliant projects with established permits and infrastructure become increasingly valuable," Mr. Klenk added. "We believe Vila Nova is well positioned in that regard, and we are proud of the responsible framework under which the project has been developed."

With operational readiness largely established, financing risk reduced and regulatory clarity in place, JZR enters 2026 with a clear objective: to transition from an issuer with an interest in non-revenue exploration assets to a revenue-generating royalty holder with cash flow. Management believes the groundwork laid over the past year has positioned the company to pursue that goal with discipline and confidence.

Marketing agreement with AllPennyStocks.com Media Inc. (APS)

The company is pleased to announce it has entered into a marketing agreement with APS, subject to TSX Venture Exchange approval.

Pursuant to its agreement with APS, APS will provide investor relations and marketing services to the company over an initial term of eight months, commencing Feb. 3, 2026, in consideration of an aggregate of $67,500. APS will work with the company to develop and release a series of media syndication articles through an expanded distribution circuit designed to increase investor awareness of the company. APS is based in Mississauga, Ont., and operates the website AllPennyStocks website. Neither APS nor any of its respective directors or officers owns any securities of the company or any right to acquire securities of the company. APS is an arm's length party to the company.

APS, founded in 1999, is a leading authority in the microcap space, with its content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals.

Results of 2025 annual general and special shareholder meeting

The company is also pleased to announce the results of its 2025 annual general and special meeting of shareholders held on Wednesday, Dec. 31, 2025. Shareholders approved all the resolutions detailed in the management information circular of the company, including:

• Electing all of management's nominees to the board of directors of the company;
• Approving and reconfirming the equity incentive plan for the company.

A total of 29,848,272 common shares of the company were voted at the AGM, representing approximately 38.32 per cent of the issued and outstanding common shares of the company.

About JZR Gold Inc.

JZR Gold is a junior mining resource company listed on the TSX-V. It is engaged in the business of the exploration and development of mineral properties. The company holds interests in the province of British Columbia, Canada, and the state of Amapa, Brazil. The Spider mine in British Columbia are gold and silver exploration targets. The company's flagship exploration interest is the Vila Nova gold project, which is currently in the development stage.

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