Mr. Murray Nye reports

DEMESNE RESOURCES LTD. INITIATES COMPILATION OF HISTORICAL DATA AND PREPARATION OF TECHNICAL REPORT ON THE IMA MINE TUNGSTEN PROJECT IN IDAHO, USA

Demesne Resources Ltd. has begun compilation of historical data on the IMA mine to support preparation of a technical report on the property. Demesne has contracted A-Z Mining Professionals to prepare the report, a mining consultancy firm with extensive experience in development of tungsten, precious metals and base metals projects utilizing open pit narrow vein and bulk underground mining methods.

Independent project QPs (qualified persons) are currently conducting a site visit with Demesne geology staff and contractors to catalog historical data and review drill core from prior exploration programs. For more information concerning the company's engagement with A-Z Mining Professionals, please refer to the company's press release dated Jan. 9, 2025.

"Further to our long-term operational strategy, Demesne has initiated technical work on the property, beginning with the preparation of a technical report," said Murray Nye, chief executive officer of Demesne Resources. "We have a large amount of historical information on the property, including maps, reports, drill hole data and production information dating back to the 1940s. Our QPs and geology staff are conducting a site visit this week in order to identify, catalogue and digitize the key records."

The IMA mine is a past-producing underground tungsten mine situated on 22 patented claims located in east-central Idaho. Between 1945 and 1957, the property produced approximately 199,449 MTUs of WO3 and was subsequently explored for molybdenum and tungsten by various operators between 1960 to 2008.

Historical data sets available to guide future exploration development and project planning include:

• Drill hole data sets from Bradley, Inspiration, Gentor and others including logs, surveys, assay certificates and other records;
• A large number of detailed underground maps and sections showing historical development, drilling, sampling and survey points from 1950 Bradley and 1980s Inspiration work;
• Company reports and records containing historical production data, metallurgical testwork, historical non-National Instrument 43-101-compliant resource estimates;
• Digital data sets including historical scans, Canadian dollar data and drill hole database files.

"The extensive historical data available on the IMA mine is invaluable for quickly advancing this project towards development," said Murray Nye.

The company plans to continue work to digitize and verify historical information and records in support of developing an NI 43-101 compliant mineral resource for the property, in conjunction with initiating project planning and tradeoff studies, and planning for sample collection activities for verification and metallurgical studies.

About Demesne Resources Ltd.

Demesne Resources is a British Columbia-based company involved in the acquisition and exploration of magnetite mineral properties. The company's Star project consists of five contiguous mineral titles covering an area of approximately 4,615.75 hectares located in the Skeena mining division, British Columbia, Canada. The company has entered into an option agreement pursuant to which it is entitled to earn an undivided 100-per-cent interest in the Star project. Demesne has also entered into an option agreement, pursuant to which it can acquire a 100-per-cent interest (subject to a 2-per-cent royalty) in and to the IMA mine project, a past-producing underground tungsten mine situated on 22 patented claims located in east-central, Idaho, United States.

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