Mr. Steve Roebuck reports

HIGH TIDE RESOURCES OUTLINES 2026 EXPLORATION AND TECHNICAL PROGRAM FOR LABRADOR WEST IRON PROJECT

High Tide Resources Corp. has provided details of its 2026 exploration and technical program at the company's flagship Labrador West iron project. The coming field season is designed to significantly advance the project through targeted drilling, metallurgical test work, environmental baseline studies and key economic evaluations.

Steve Roebuck, president and chief executive officer of High Tide, stated: "The 2026 program is our most ambitious to date and is designed to aggressively grow and upgrade the resource while advancing the project toward major development milestones. With drilling, test work, environmental studies and economic analysis all running in parallel, we expect to generate the data required to demonstrate the project's long-term potential."

2026 drilling program

High Tide plans to complete 5,000 to 7,500 metres of HQ-diameter core drilling during the 2026 field season.

The program will include:

• Infill drilling to increase confidence in existing resource blocks and support upgrades and confidence levels to the current resource categories;
• Stepout drilling to expand the current mineral resource;
• Exploration drilling to test newly defined targets, including high-priority anomalies located to the northeast of the current resource footprint.

The combined program is designed to support the company's objective of growing the global resource toward approximately one billion tonnes.

Metallurgical test work

Metallurgical test work is continuing at SGA-Liebenburg Laboratory in Germany, where iron recovery, concentrate quality and processing characteristics are being evaluated to produce direct-reduction-quality iron ore concentrate and direct-reduction iron ore pellets. These results will be incorporated into future engineering studies and will help refine process design criteria for the project.

Environmental baseline program

High Tide will continue its multiyear environmental baseline data collection program, including hydrology, wildlife, vegetation and atmospheric studies. This work will support future regulatory submissions and ensure the project is advanced in accordance with all regulatory requirements and High Tide's planned submission of its project description to start the environmental assessment process.

Preliminary economic assessment (PEA)

Data generated from the 2026 drilling, metallurgical testing and environmental programs will be incorporated into a preliminary economic assessment. The PEA will evaluate the potential economic viability of the Labrador West iron project and will outline preliminary mine design, processing flow sheets, infrastructure requirements and financial metrics.

About High Tide Resources Corp.

High Tide is focused on and committed to the development of mineral projects critical to infrastructure development using industry best practices combined with a strong social licence from local communities. High Tide owns a 100-per-cent interest in the Labrador West iron project, which hosts a National Instrument 43-101 inferred iron resource of 655 million tonnes at 28.84 per cent iron and is located adjacent to IOCC's Carol Lake mine in Labrador City, Nfld. This resource is exposed at surface and was pit constrained for an open-pit mining scenario. The technical report was filed on SEDAR+ on April 6, 2023, and was written by Ryan Kressall, MSc, PGeo, Matthew Herrington, MSc, PGeo, Catharine Pelletier, PEng, and Jeffrey Cassoff, PEng.

The company also owns a 100-per-cent interest in the Lac Pegma copper-nickel-cobalt deposit, located 50 kilometres southeast of Fermont, Que.

Qualified person

The technical information contained in this news release has been approved by Steve Roebuck, PGeo, director, president and chief executive officer of High Tide, who is a qualified person as defined in NI 43-101, Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.