Mr. William Wulftange reports

BARKSDALE ANNOUNCES $5 MILLION PRIVATE PLACEMENT TO ADVANCE SUNNYSIDE EXPLORATION TOWARDS 67.5% OWNERSHIP AND WELCOMES CHRISTINA MCCARTHY TO THE BOARD

Barksdale Resources Corp. plans to raise $5-million on a private placement basis consisting of up to approximately 55,555,555 common share units in the capital of the company at a price of nine cents per unit for gross proceeds of approximately of $5-million.

Each unit will be composed of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at an exercise price of 15 cents for a period of two years following the closing of the offering.

"Barksdale is truly grateful for the strong support of our shareholders as we move into the new year," said Barksdale chief executive officer Wiiliam Wulftange. "Following completion of the phase 2 drill program and achieving 67.5-per-cent ownership of the Sunnyside project, Barksdale will return our focus to testing and defining the extension(s) of the Peake deposit onto the Sunnyside property."

Use of proceeds include financing for and completion of the phase 2 drill campaign, funds to cover the phase 2 earn-in payment to Great Basin Metals Inc., continuing corporate expenses, and financing toward geochemical and/or geophysical projects currently under review for the Sunnyside and San Javier projects.

The company has engaged Medalist Capital Advisors Inc. as exclusive finders to assist with the offering. The company has agreed to pay a 6-per-cent commission payable in units having a deemed price of nine cents per common share with one-half common share purchase warrant with an exercise price of 15 cents in relation to this offering.

Board appoints new member

The Barksdale board of directors has appointed Christina McCarthy of Toronto as the company's newest independent board member.

Ms. McCarthy is a geologist with over 18 years of experience in the resource capital markets, combining technical expertise with strategic leadership in corporate development and finance. She is the founder and former president and chief executive officer of Paycore Minerals Inc., which was acquired by i-80 Gold Corp. in 2023. Ms. McCarthy has also served as director of corporate development at McEwen Mining and as vice-president of corporate development at New Oroperu Resources, which was acquired in 2021. Her career includes roles in equity research at Euro Pacific, institutional sales at Haywood Securities and board-level directorships within the mining sector. Prior to entering the capital markets, Ms. McCarthy managed exploration programs for a junior exploration company across multiple projects in Norway and Sweden. She holds a BSc in earth sciences (geology) from Brock University, Ontario.

"We are thrilled to have Christina join our board in conjunction with this financing to complete the phase 2 drilling program at our flagship Sunnyside project," said board chair Darren Blasutti. "Her extensive background in exploration and capital markets will assist the board as it navigates the company's numerous strategic options and vast exploration upside beyond the 67.5-per-cent ownership goal of the Sunnyside project expected later this year."

Phase 2 drill program

Barksdale has engaged Alford Drilling of Elko, Nev., to complete a 25,000-foot (7,620 metres) drill program required to complete its phase 2 earn-in drill program at the Sunnyside project in Arizona, United States. This is a necessary requirement for the company to advance to 67.5-per-cent ownership of the project.

The program will test and define near-surface chalcocite (copper plus or minus gold) mineralization recommended for follow-up drilling by Asarco in the 1990s, drill test structural extensions of the World's Fair mine (silver, gold, lead and copper) and resistivity targets northwest of the former Trench mine, and initiate drill testing of copper-molybdenum, silver-gold and zinc anomalies identified by its fracture geochemical study commissioned in 2019. The drill program is scheduled to begin in February and will take two to three months to complete.

About Barksdale Resources Corp.

At Barksdale, its mission is to drive long-term shareholder value through the strategic acquisition, exploration and advancement of high-quality critical, base and precious metal projects across the Americas.

It is focused on the metals essential to the global energy transition and modern infrastructure, particularly copper, zinc and other critical minerals at a time when secure, domestic and regional sources are more important than ever.

With a sharp focus on critical metals and a commitment to responsible growth, Barksdale is positioned to play a key role in meeting tomorrow's resource needs.

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