Mr. Steve Roebuck reports

HIGH TIDE RESOURCES REPORTS 99.8 METRES OF 31.7% FE FROM LABRADOR WEST IRON PROJECT

High Tide Resources Corp. has provided its third set of assay results (Table 1) from its flagship Labrador West iron project. The project is located 20 kilometres northeast and adjacent to the Iron Ore Company of Canada's (IOC, majority owned by Rio Tinto) Carol Lake mine complex in Labrador City, Nfld.

Steve Roebuck, president and chief executive officer of High Tide, commented: "One particularly noteworthy aspect of these results is the scale they may indicate. Hole 26LB0082 intersected a thick interval of higher-grade iron mineralization beginning almost at surface along the eastern edge of the current deposit limits, while hole 26LB0084 returned strong grade and thickness well beyond the current northern limit. What makes this especially significant is that these holes are located more than 1,800 metres apart, north to south. Together, they underscore the potential scale of the mineralized system, which remains open in all directions."

Over the course of the summer drill campaign, the company completed 27 drill holes for a total of 6,335 metres of HQ and NQ core drilled. The company published two press releases on Aug. 31 and Sept. 16 disclosing assays from its drilling. Additional results will be disclosed when received.

Assays were completed at Activation Laboratories (Actlabs) in Ancaster, Ont., which is independent of High Tide. At Actlabs, analysis followed a specific sample preparation protocol and analysis regime. In addition, sample standards were submitted every 20th sample to ensure quality control and quality assurance consistent with CIM (Canadian Institute of Mining, Metallurgy and Petroleum) best-practice methods.

Hydroelectric power, iron and the western Labrador Trough infrastructure advantage

On July 21, 2026, the governments of Newfoundland and Labrador, Quebec and Canada jointly announced a new power generation and transmission agreement, under which the federal government committed over $1-billion to the construction of a Labrador West transmission line necessary to open new mining and other industrial projects in the Labrador Trough.

The Labrador Trough of western Labrador and adjoining Quebec constitutes Canada's primary iron-producing district and is host to world-class deposits that have been mined for more than half a century. These have produced over two billion tonnes of iron ore to date and are considered to have very significant growth potential. The high quality of the deposits in the region allows for a wide range in product diversity, which includes premium concentrate and pellets, both blast furnace and direct reduction grades.

The Labrador West iron project is strategically located near the mining communities of Wabush and Labrador City in the province of Newfoundland and Labrador and Fermont, Que. The area is home to Champion Iron's shovel-ready Kami deposit and Bloom Lake mine, ArcelorMittal's Mont-Wright mine, Tacora Resources' Scully mine, and Rio Tinto IOC's Carol Lake mine.

The Wabush and Labrador City region is very well served with skilled labour and a highway as well as access to abundant low-cost hydroelectricity and a common carrier railway. The railway has 80 million tonnes per year of capacity for transport of iron products to the deepwater port of Sept-Iles, Que., which provides year-round access to global markets.

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 mineral resource of 655 million tonnes at 28.84 per cent iron, as set out in the company's technical report dated April 6, 2023, and is located adjacent to IOC'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, Catherine 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.

Further details on the company, including the NI 43-101 technical report on the Labrador West iron property, can be found on the company's website.

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.

Sampling protocol, analytical procedures and quality assurance/quality control

Mercator Geological Services supervised the 2026 diamond drilling program. This included designing and implementing a comprehensive QA/QC program consistent with CIM best-practice methods. Core was delivered to a secured location for geological and geotechnical logging and sampling. After core logging, core was marked for sampling and splitting. QA/QC certified reference materials were used for blanks and standards and inserted at a rate of every alternating 20th sample. All split samples were stored in a secure location in sealed shipping bags prior to shipment to the laboratory for assay testing.

Sample shipments were securely delivered by courier to Actlabs in Ancaster, Ont., for sample preparation and analytical testing. Sample preparation was through the laboratory's standard rock preparation protocol, which begins with jaw crushing followed by pulverization of a sample split (250 grams) to generate a pulp having 95 per cent passing 0.105-millimetre grain size. Iron content was measured using the lithium metaborate fusion technique. Prior to fusion, the loss on ignition (LOI), which includes H2O+ (hydrogen oxide), CO2 (carbon dioxide), S (sulphur) and other volatiles, is determined from the weight loss after roasting the sample. The fusion disc is made by mixing the roasted sample with a combination of lithium metaborate and lithium tetraborate. Samples are fused in Pt (platinum) crucibles using an automated crucible fluxer and automatically poured into Pt moulds for casting. Samples are then analyzed on a Panalytical Axios Advanced wavelength dispersive XRF (X-ray fluorescence). Actlabs is an accredited commercially operated laboratory analytical services firm that is ISO 17025 registered. Actlabs is independent of High Tide Resources and Mercator.

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