Dr. Marc-Antoine Audet reports

SAMA RESOURCES AND IVANHOE ELECTRIC COMMENCE 2026 REGIONAL EXPLORATION PROGRAM AT THE POLYMETALLIC SAMAPLEU-GRATA NICKEL-COPPER PROJECT, COTE D'IVOIRE

Sama Resources Inc., together with its joint venture partner, Ivanhoe Electric Inc., has commenced a discovery-driven regional exploration program for 2026 at the district-scale polymetallic Samapleu-Grata nickel-copper project in Ivory Coast, West Africa.

The project includes the polymetallic Samapleu and Grata deposits, which were the focus of the 2024 preliminary economic assessment (refer to Sama's March 21, 2024, news release). The project is a 60/40 joint venture between Ivanhoe Electric and Sama, with Sama acting as the operator. In addition to a 60-per-cent interest at the project level, Ivanhoe Electric also owns 22.7 per cent of the common shares of Sama.

Building district scale through regional exploration targeting Samapleu-Grata look-alikes

The 2026 exploration program is designed to demonstrate the project's significant district-scale potential through the discovery of new high-grade polymetallic mineralization, targeting more than 20 high-priority, untested electromagnetic (EM) targets (2013 to 2018 airborne electromagnetic surveys) with comparable features and scale as the Samapleu and Grata deposits, distributed throughout the 879-square-kilometre land package. The 2026 program will build on the success of the limited 500-metre 2025 regional exploration program, which led to the discovery of the Mossikro prospect, located 10 kilometres to the south-southwest of the 2024 PEA (preliminary economic assessment) area.

Key components of the 2026 program include:

• Approximately 4,500 metres of regional exploration diamond drilling;
• EM plate modelling of high-priority anomalies from the regional airborne surveys, which could characterize conductive massive sulphide mineralization;
• Subsequent ground gravity surveys over the high-priority EM plate models to further refine potential massive sulphide zones;
• Continuing updated environmental and social baseline studies within the 2024 PEA area to support advancement toward a mining permit application (refer to Sama's May 3, 2024, news release).

Drilling is scheduled to commence in early February, 2026, initially focusing on high-priority EM targets within the Glanle (PR-839) and Zoupleu (PR-837) permits. The ground gravity survey, starting in February and scheduled for completion at the end of Q2 2026, will systematically cover all remaining untested EM anomalies across the project, with follow-up drilling planned for targets showing the strongest combined EM and gravity responses.

Recent discoveries, including new polymetallic mineralization at the Mossikro prospect (refer to Sama's Sept. 9, 2025, news release), demonstrate geophysical signatures, mineralization styles and host lithologies comparable with the Samapleu and Grata deposits, providing further validation of the regional exploration model and reinforcing the district-scale potential of the project. The 2025 Mossikro prospect discovery was made 10 kilometres to the south-southwest of the 2024 PEA area and by targeting an EM anomaly comparable with the Samapleu and Grata deposits.

Dr. Marc-Antoine Audet, president and chief executive officer of Sama Resources, commented: "The 2026 exploration program is a pivotal step in unlocking the full district-scale potential of the 879-square-kilometre project area and builds on our successful 2025 exploration program. With multiple high-quality targets remaining untested and a proven discovery track record, we are executing a focused regional exploration strategy targeting new high-grade polymetallic discoveries across our vast land package. Importantly, this program also advances the environmental and social baseline work required to position the project for long-term development and permitting."

Environmental and social studies advancing project readiness

In parallel with exploration, Sama continues to advance environmental and social baseline studies within the 2024 PEA area. Field programs completed by SIMPAE, an Ivory Coast-based environmental consulting firm, include:

• Wildlife and vegetation inventories;
• Surface and groundwater sampling;
• Socio-environmental baseline data collection.

These studies were completed in accordance with current national and international standards and are designed to support future permitting and development milestones.

National Instrument 43-101 disclosures

Core logging and sampling were performed at Sama's field facilities. Sample preparations are conducted at the Bureau Veritas mineral laboratory in Abidjan, Ivory Coast. Sample pulps will be delivered to Activation Laboratories in Ancaster and Thunder Bay, Ont., Canada, for assaying. All samples will be assayed for nickel, copper, cobalt, iron, sulphur, platinum, palladium and gold using sodium peroxide fusion ICP for the first five elements and by fire assay ICP-OES for the last three.

A technical report entitled "NI 43-101 Preliminary Economic Assessment for the Samapleu and Grata Deposits Project," with an effective date of March 21, 2024, with respect to the Samapleu-Grata nickel-copper project was prepared under NI 43-101 and filed on May 3, 2024. The technical report includes important information regarding the mineral resources and 2024 PEA disclosed in this news release, including the effective date of the mineral resource estimate, the key assumptions, parameters and methods used to estimate the mineral resources, and other factors that could materially affect the potential development of the mineral resources. For readers to fully understand the information in this news release, they should read the technical report in its entirety when it is filed on SEDAR+, including all qualifications, assumptions and exclusions that relate to the information to be set out in the technical report. The technical report is intended to be read as a whole, and sections should not be read or relied upon out of context.

The 2024 PEA is preliminary in nature and includes inferred mineral resources, considered too speculative in nature to be categorized as mineral reserves. Mineral resources that are not mineral reserves have not demonstrated economic viability. Additional trenching and/or drilling will be required to convert inferred mineral resources to indicated or measured mineral resources. There is no certainty that the results of the 2024 PEA will be realized.

The independent qualified persons responsible for preparing the technical report include Todd McCracken, PGeo, Bahareh Asi, PEng, Kevan Ford, MEng, and Jason Van Schie, PEng, each from BBA International Inc., Chris Martin, CEng., an independent consultant, and Wilson Muir, PEng, from Knight Piesold Ltd.

All other scientific and technical information contained in this news release not related to the 2024 PEA has been reviewed, verified and approved by Dr. Marc-Antoine Audet, PGeo, the president and chief executive officer of Sama and a qualified person as defined by NI 43-101. Dr. Audet is not independent of Sama.

Grant of stock options

The company is also pleased to announce , subject to regulatory acceptance, that it has granted an aggregate total of 815,000 incentive stock options to certain officers, employees and consultants, subject to certain vesting provisions. These options will be exercisable at a price of seven cents per common share and will expire on Feb. 4, 2036.

About Sama Resources Inc.

Sama is a Canadian-based, growth-oriented resource company focused on exploring the Samapleu nickel-copper project in Ivory Coast, West Africa. The company is managed by experienced industry professionals with a strong record of discovery. Sama is committed to advancing the Samapleu-Grata nickel-copper project. Sama's projects are located approximately 600 kilometres northwest of Abidjan in Ivory Coast and are flanked to the west by the Ivorian and Guinean borders. Sama's projects are located adjacent to the large world-class nickel-cobalt laterite deposits of Sipilou and Foungouesso, forming a 125-kilometre-long new base metal camp in West Africa. Sama owns 40-per-cent interest in the Samapleu nickel-copper project in Ivory Coast, with its joint venture partner Ivanhoe Electric owning 60 per cent.

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