Mr. R. Nick Horsley reports

HI-VIEW COMPLETES COMPREHENSIVE ANALYSIS OF BLACK PEARL PORPHYRY TARGET

Hi-View Resources Inc. has completed a comprehensive technical analysis of its Black Pearl property located in the highly prospective Toodoggone district of northeastern British Columbia.

Recently, Thesis Gold & Silver Inc. announced it had identified porphyry-style alteration at two separate targets, one interpreted as a lithocap system overlying a potential porphyry at depth and a second exhibiting inner propylitic alteration with copper-silver mineralization consistent with exposure of a deeper porphyry-level system. Taken together, these findings point to a district with multiple porphyry systems at varying levels of preservation, precisely the kind of geological setting Hi-View believes its Black Pearl project is positioned within.

R. Nick Horsley, chief executive officer of Hi-View Resources, commented: "The Black Pearl project and nearby outlier claims hosts significant grades of copper and gold. The properties are situated in one of the most favourable geological settings for porphyry systems in the Toodoggone region. The presence of multiple high-grade epithermal showings, particularly at HAR and Gord Davies East, along with evidence of a vertically zoned hydrothermal system, makes this an extremely compelling exploration opportunity. Thesis recently identified two high-quality porphyry exploration targets on their adjacent Lawyers-Ranch project, which border Hi-View's properties and further validate our porphyry potential."

The company is advancing the Black Pearl project with a focused exploration program scheduled for this summer, aimed at unlocking the project's potential through a comprehensive and integrated review currently in progress. This work combines historical data sets with recently acquired airborne magnetic data to refine targets and strengthen the geological framework. While the magnetic data add valuable context, Black Pearl remains an underexplored opportunity, with subtle and locally variable responses, including discrete lineaments and magnetic features, highlighting areas for further investigation. This integrated effort is expected to enhance target definition and support a disciplined, data-driven next phase of exploration at the project.

Regional context

Several nearby deposits and advanced exploration projects illustrate the range of mineralization styles present in the surrounding area with developing porphyry potential. Thesis's Ranch property 2025 results indicate it is at the transition between the upper lithocap environment to porphyry system at depth. Drilling in its Steve zone has intersected gusano textures and drilling in its Moly corridor has identified diatreme breccias; both zones show alteration transitions from advanced argillic assemblage into sericite-dominate and minor propylitic assemblage. Thesis's Ranch East has high-temperature inner propylitic alteration assemblage and magnetite-actinolite veins with albite alteration halos interpreted as being deeper levels of a porphyry system. Surface grabs on the Ranch East zone include bornite-bearing surface grab samples with 2.31 per cent copper and chalcopyrite-bearing samples with 1.76 per cent copper and 14.0 parts per million silver. The Black Pearl project is positioned between the two Ranch properties in favourable stratigraphy to host potential porphyry mineralization.

The Black Pearl project is contiguous to a known porphyry: the Porphyry Pearl showing to the southwest. The Porphyry Pearl prospect is characterized as a copper-gold-silver porphyry system, confirmed by drill intercepts such as 70 metres grading 0.31 per cent copper, 0.12 gram per tonne gold and 2.8 grams per tonne silver, reflecting disseminated and vein-hosted sulphides in an altered intrusive body. To the southeast, the JD project hosts a well-developed low- to intermediate-sulphidation epithermal gold-silver system, with drilling returning intervals including 78.0 metres grading 3.72 grams per tonne gold. Farther north, the Golden Lion project hosts a broad epithermal gold-silver-plus-or-minus-zinc-lead system, with drill intervals such as 40.3 metres grading 2.0 grams per tonne gold, 24 grams per tonne silver, 1.2 per cent zinc and 0.5 per cent lead.

Black pearl -- key highlights:

• Geological review confirms Black Pearl lies in a favourable setting where Permian carbonates, Triassic arc volcanics and Early Jurassic volcanic rocks coincide with Black Lake-age intrusions that host porphyry-skarn-epithermal systems elsewhere in the region;
• Contact between Hazelton/Toodoggone volcanics and Stuhini/Takla volcanic sequences may be indicative of the significant Kyba Red Line, a recognized marker for porphyry-style mineralization in the district;
• Four known mineral occurrences (HAR, Gord Davies East, Gord Davies West and BR057) outline a low-sulphidation epithermal vein system with locally high-grade gold-silver and base metal enrichment and minor skarn where intrusions cut Asitka limestone;
• Target-ranking evaluation highlights HAR and Gord Davies East as the strongest near-surface opportunities for immediate follow-up exploration;
• Historical sampling at Gord Davies East returned values up to 82.7 grams per tonne gold, with follow-up sampling of 23.5 grams per tonne gold and 18 additional samples yielding one to seven grams per tonne gold;
• The HAR vein corridor extends for more than 1.5 kilometres, with historical grades including 1.07 metres at 0.44 per cent copper, 0.98 per cent zinc, 1.70 per cent lead, 262.4 grams per tonne silver and 0.34 gram per tonne gold and recent sampling returning three to five grams per tonne gold and 300 to 1,000 grams per tonne silver in metre-scale veins.

Property overview

The Black Pearl property is positioned within the core of the Toodoggone volcanic belt, a region known for hosting multiple porphyry-skarn-epithermal systems. The property stratigraphy consists of basement Permian Asitka group carbonates overlain by Upper Triassic Stuhini/Takla volcanic rocks and Early Jurassic Hazelton/Toodoggone volcanic sequences, all intruded by the calc-alkaline Black Lake plutonic suite, the principal magmatic driver for the district's mineralized systems.

Mineralization across the property is hosted in structurally controlled quartz to quartz-carbonate veins, with local development of quartz-carbonate-barite zones. Alteration and mineralization styles are consistent with epithermal levels preserved across a structurally complex setting dominated by major northwest-trending corridors intersected by northeast faults that segment and locally uplifted mineralized blocks. The property captures multiple levels of a Toodoggone-style epithermal system with the presence of intrusions that propose potential connectivity to subsurface porphyry systems.

Target areas

HAR: The most extensive and continuous mineralized structure on the property, the HAR vein corridor is a northwest-trending zone extending for more than 1.5 kilometres. Mineralization includes galena, sphalerite, chalcopyrite and pyrite in both massive sulphide seams and rebrecciated quartz-sulphide veins. High-grade historical rocks include sample GD-88-018 which graded 1.11 per cent copper, 22.23 per cent zinc, 4.56 per cent lead, 21.94 grams per tonne silver and 0.17 gram per tonne gold over 10- to 15-centimetre sulphide seams. This area represents the strongest and most continuous epithermal vein system on the property.

Gord Davies East: The Gord Davies East area hosts the highest-grade gold mineralization on the property, where vuggy quartz and quartz-carbonate to quartz-carbonate-barite veins contain sphalerite, galena, chalcopyrite and pyrite. Mineralization lies at the faulted contact between the Stuhini/Takla and Hazelton/Toodoggone units, which trends northwest-southeast. The zone shows stronger, more coherent argillic alteration than any other area on the property, representing an upper-to-mid epithermal level in a permeable structural block.

Gord Davies West: Gord Davies West is a narrow siliceous vein zone with grab sample GD-88-002 returning 246 parts per million copper, 5.14 grams per tonne silver, 0.137 gram per tonne gold, 1.30 per cent lead and 1.75 per cent zinc, representing a discrete low-sulphidation epithermal vein hosted near a structural break between the Toodoggone and Takla volcanic units.

BR057: BR057 is an early-stage target consisting of quartz veins hosted within Upper Triassic volcanic rocks of the Takla group. Sampling documented values such as 0.88 gram per tonne gold, 6.6 grams per tonne silver, 0.57 per cent lead, 0.55 per cent zinc and 51 parts per million copper from quartz veining cutting andesite flows.

Breccia-Claw: In the northeastern portion of the property, skarn mineralization occurs where Asitka group limestone is intruded by Jurassic felsic to intermediate bodies, forming diopside-garnet-marble assemblages with pyrite, chalcopyrite, sphalerite and galena, reflecting the least preserved rocks exposed on the property. Grades include 12.8 per cent copper, 0.31 gram per tonne gold, 90.5 grams per tonne silver and 4.25 per cent zinc.

Recommendations and next steps

The company's technical team is initiating a systematic exploration program, including digitization and spatial verification of historical 2004/2005 geological and geochemical data sets to improve confidence in target definition to supplement its 2025 aeromagnetic survey of the claim area. Property-scale geophysical surveys such as magnetics and induced polarization, complemented by surface mapping and rock and soil sampling programs, would further delineate structural breaks, map subtle alteration domains and strengthen subsurface vectoring toward a potential porphyry target.

Qualified person statement

The technical content of this news release has been reviewed and approved by Marilyne Lacasse, PGeo, a consultant for the company and a qualified person as defined by National Instrument 43-101.

About Hi-View Resources Inc.

Hi-View Resources, a publicly listed mineral exploration company on the Canadian Securities Exchange, is advancing a portfolio of gold, silver and copper assets in the Toodoggone region of Northern British Columbia. The company's 100-per-cent-owned and optioned projects cover more than 27,791 hectares and include the flagship Golden Stranger project, the Lawyers claims and the Borealis project -- all designated as high-priority targets. Additional assets in the portfolio include the Nub and Saunders properties, while the Northern claims and Harmon Peak remain under active option agreements. The company also has an additional 1,300 hectares currently under mineral claim application.

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