Mr. Mac Balkam reports

CLINTON SMYTH WILL LEAD ESKAY MINING EXPLORATION IN 2026

Clinton Smyth has joined Eskay Mining Corp. in the capacity of chief geologist responsible for the company's 2026 exploration program. Mr. Smyth will direct the continuation of the successful exploration of the past two seasons on the new discovery along the C10-Vermillion-Ted Morris trend situated in the southern portion of the company's 100-per-cent-controlled consolidated Eskay project.

Mr. Smyth is a successful mining exploration executive. During a 25-year career with Anglo American Corp. and Minorco, he rose to the position of vice-president, exploration. He obtained an MSc in geochemistry from the University of Cape Town, South Africa. He also holds an MSc in computer science from Imperial College in London, United Kingdom. Beyond extensive exploration work throughout Africa and Australasia, he led teams responsible for the discovery of the two-million-ounce Buzwagi gold deposit in Tanzania and the Saddle South gold deposit in British Columbia.

Mac Balkam, chief executive officer and president, commented: "Two thousand twenty-five high-grade assays that included one rock chip sample of 297 g/t of gold and 790 g/t Ag in the Vermillion-Ted Morris four-kilometre-long belt strengthened our commitment to the 2024 discovery. With that in mind, we are excited to have Clinton join Eskay and to lead the team on what we plan will be a significant advancement of the Vermillion-TM zone discovery."

Mr. Smyth is currently preparing for the most extensive exploration season since 2023. He is assembling an experienced team to aid in interpreting the wealth of data Eskay has gathered over the past number of years. The Worldview 3 satellite imagery acquired last September is being interpreted and will play a significant role in identifying TM zone drill targets and further exploration along the belt.

Eskay has a strong balance sheet with cash of $3-million and holds no debt.

Mr. Balkam added: "In keeping with our discipline of financing with the minimum amount of dilution, we are currently aggressively seeking alternatives to traditional stock issues. With the dramatic increase in commodity prices, our goal is to monetize previously unrecognized asset values. In recent years, drilling programs across the huge Eskay property has given rise to a host of gold/silver discoveries that may well be strategic opportunities for neighbours of Eskay and otherwise. In 2023, we sold to Skeena Resources claims for $4-million, which played an important part in our fight against dilution in difficult market conditions. Further, our holding of 15 per cent of Garibaldi Resources Inc. has risen more than threefold in the past six months and added $3.5-million to Eskay's investment value. Garibaldi holds a world-class-grade nickel deposit in its E&L Nickel Mountain property. We are weighing the strategic investment relative to the significant cash available for Eskay's current exploration financing needs. We may be able to finance the Vermillion-TM zone drill program and advance other known deposits such as TV with these various sources of alternative financing."

Qualified person

Dr. Quinton Hennigh, PGeo, a director of the company, its technical adviser, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical contents of this news release.

About Eskay Mining Corp.

Eskay is a TSX Venture Exchange-listed company, headquartered in Toronto, Ont. Eskay is an exploration company focused on the exploration and development of precious and base metals along the Eskay rift in a highly prolific region of northwestern British Columbia known as the Golden Triangle, 70 kilometres northwest of Stewart, B.C. The company currently holds mineral tenures in this area composed of 177 claims (52,600 hectares).

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