Mr. Cameron Tymstra reports

TARGA ANNOUNCES APPOINTMENT OF BRYCE ROXBURGH TO BOARD OF DIRECTORS AND ISSUES STOCK OPTIONS

Targa Exploration Corp. has appointed Bryce Roxburgh to its board of directors, effective immediately, and issued incentive stock options. Mr. Roxburgh brings five decades of mineral deposit discovery experience and strategic leadership from around the globe, with significant experience making world-class discoveries in South America.

"We are incredibly humbled by Bryce's decision to join the Targa Exploration board of directors," commented Targa chief executive officer Cameron Tymstra. "Bryce has one of the industry's strongest track records of making and progressing Tier 1 mineral discoveries around the world. Much of his five decades of experience was in South America, which included leading the team which made the Cerro Moro discovery, located in the same region of Argentina as our Venidero and El Zanjon projects. His experience at Rugby Resources, the company from which Venidero and El Zanjon were spun out of when Rugby was acquired, will be invaluable to us as we launch a maiden drill program at El Zanjon scheduled to commence next month."

Mr. Roxburgh is an accomplished geologist and currently a director at Andina Copper, which recently acquired Rugby Resources, where Mr. Roxburgh was a founding shareholder and former chief executive officer. He founded Exeter Resource Corp. in 2003, which was acquired by Goldcorp in 2017 after Exeter discovered and progressed the Caspiche copper-gold porphyry deposit in Chile. Extorre, a company spun out to Exeter's shareholders, separately advanced the Cerro Moro gold discovery in Santa Cruz, Argentina, until it was acquired by Yamana Gold in 2012.

His career has covered Australia, Southeast Asia and South America and includes senior technical and management roles with Amoco Minerals Australia Company and Cyprus Mines Corp., where he led teams that discovered multiple orebodies, including Selwyn and Red Dome mines. Mr. Roxburgh was the exploration manager managing the discovery team for the Didipio gold-copper mine in the Philippines. He holds a BSc (1971) in geology and geophysics from the University of Sydney.

Stock options

Targa's board of directors has approved the issuance of 1.4 million incentive options to various directors, management and consultants of the company. The options have an exercise price of 47 cents and a term of five years and will vest immediately. The options were granted pursuant to the company's incentive stock option plan and are subject to regulatory approval.

About Targa Exploration Corp.

Targa Exploration is a Canadian exploration company engaged in the acquisition, exploration and development of gold mineral properties with headquarters in Vancouver, B.C. The company's focus is on early-stage projects in premier mining jurisdictions with strong potential for making Tier 1 grassroots precious metals discoveries. Targa's principal asset is its Opinaca gold project in Quebec, where widespread gold mineralization was recently discovered during a maiden drill campaign in 2025. The company has also recently acquired options to earn up-to-80-per-cent equity interests in the Venidero and El Zanjon gold-silver projects in Santa Cruz, Argentina.

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