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VANCOUVER, BC – TheNewswire - February 17, 2026 – Heritage Mining Ltd. (CSE: HML FRA: Y66) (“Heritage ” or the “Company ”) is pleased to provide an exploration update, further to press release dated October 23, 2025, the Company is one step closer to near term cashflow from historical tailings/rockpiles in the immediate vicinity of historical mine shafts at the Alcona Mine and Split Lake Mine at the Drayton Black Lake Project (“DBL ”) located in Northwestern Ontario, Canada. The Company is also pleased to announce the fully permitted mill is willing to accept rock piles given initial grade estimates and requires additional testing for processing which has commenced at the time of this press release.
1930s Rock Pile Sampling Program Highlights:
1) Split-Lake Mine Historical Rock Pile Exploration Highlights (Figure 1,3):
Average Grade ~3.72g/t Au on ~5,500 tonnes** from rock pile (Figure 1,3)*
All 26 samples registered gold values from 0.009g/t Au up to ~27g/t Au*
2) Alcona Mine Historical Rock Pile Exploration Highlights (Figure 2,3):
Of the 30 samples taken, 20 Samples registered gold values from 0.006g/t Au up to 4.1g/t Au, average grade ~0.53g/t Au* on ~40,000 tonnes of mining waste pile**
~20,000 tonnes of mining waste pile returned an average grade of ~0.96g/t Au, 12 samples all registered gold values from 0.013g/t up to 4.1g/t Au*( Figure 2,3)
*Grabs samples off the rock pile, additional evaluation is required
** Per Press Release dated October 23, 2025 – Tonnage is approximate and additional evaluation is required
“The price of precious metals are holding strong at their current values with macro indications of continued upward movement. This scenario enables our Company to consider alternative and less dilutive sources of capital. Initial grade estimates from waste piles are encouraging and supported additional testing with guidance of our board, management and strategic advisors holding a wealth of experience in this sector. We look forward further updates in short order. ” Commented Peter Schloo, President, CEO and Director of Heritage Mining Ltd.
Note: All Ore/Rock Pile Sampling have been submitted additional acid-based accounting and multi-element testing/assays. All volume calculation are approximate in nature, calculation and area driven by historical reports and field verification. Field verification techniques include GPS coordinates and field measurements.
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Figure 1: DBL – Split Lake – Historical Rock Pile Sample
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Figure 2 – DBL – Alcona Area - Historical Rock Pile Sample
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Figure 3: Alcona Mines Ltd. Historic Waste Pile – Heritage Sampling Program
Qualified Person
Mitchell Lavery P. Geo, Strategic Advisor for the Company, serves as a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed the scientific and technical information in this news release, approving the disclosure herein.
ABOUT HERITAGE MINING LTD.
The Company is a Canadian mineral exploration company advancing its Ontario Project Portfolio in Northwestern and Northeastern Ontario. The Drayton-Black Lake, Contact Bay and Scattergood projects are located near Sioux-Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt. The Melba Property is located near Ramore, Ontario. All Projects benefit from a wealth of historic data, excellent site access and logistical support from the local community.
For further information, please contact:
Heritage Mining Ltd.
Peter Schloo, CPA, CA, CFA
President, CEO and Director
Phone: (905) 505-0918
Email: peter@heritagemining.ca
FORWARD-LOOKING STATEMENTS
This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “outlook” and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.
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