The TSX Venture Exchange has accepted for filing documentation with respect to an arm's-length option agreement between Churchill Resources Inc. and an arm's-length party: Canstar Resources. Pursuant to the agreement, the company will have an option to acquire a 100-per-cent undivided interest in certain mining claims comprising the Golden Baie antimony-gold property located in central Newfoundland.

In order to exercise the option, the company must pay the optionor (i) $208,167 in cash; (ii) incur an aggregate of $5-million in exploration expenditures on the property over a two-year period; and (iii) issue up to a maximum aggregate of 45,914,097 common shares issuable in tranches over a two-year period. The share consideration and each tranche is subject to a maximum issuance of 9.99 per cent of the issued and outstanding shares of the company at the time of issuance.

Cash ($)                        Securities             Consideration

$208,167          45,914,097 common shares                $5,000,000

Upon exercise of the option, the optionor will retain a 0.5-per-cent net smelter royalty (NSR) on any future mineral production on the property.

For further details, please refer to the company's news releases dated Feb. 17, 2026, March 23, 2026, and March 27, 2026.