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Napoleon Resources Inc
Symbol NAP
Shares Issued 15,700,000
Close 2026-09-24 C$ 0.13
Market Cap C$ 2,041,000
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Napoleon to begin phase 1 exploration at Napoleon

2026-09-24 18:11 ET - News Release

Mr. Gianluca Ciampi reports

NAPOLEON RESOURCES INC. ANNOUNCES PHASE 1 EXPLORATION PROGRAM AT THE NAPOLEON GOLD PROPERTY

Napoleon Resources Inc. has entered into contracts with Precision GeoSurveys Inc. and Tripoint Geological Services Ltd. to commence the first phase of the exploration program recommended for the Napoleon gold property, located approximately 40 kilometres north of Kamloops, B.C., in the Kamloops mining division. Mobilization is expected to commence in late September, 2026.

The program consists of a helicopter-borne magnetic, radiometric and very low frequency/electromagnetics survey to be flown by Precision over approximately 143 line kilometres at 100-metre line spacing, together with a grid soil geochemical survey to be carried out by Tripoint comprising approximately 450 soil samples and quality assurance and quality control inserts. The program is intended to generate drill targets in an area where outcrop exposure is limited by glacial cover.

"We are excited to commence the first phase of exploration on the Napoleon gold property," commented Gianluca Ciampi, chief executive officer of Napoleon Resources. "The commencement of the first phase of exploration is an important step for the company, and we look forward to updating shareholders as the program progresses."

Exploration in the area

The property lies 1.2 kilometres from the Bonaparte developed prospect (Minfile 092P 050) where auriferous quartz veins hosted principally within a quartz diorite intrusion have been the subject of extensive historical exploration. Decade Resources Ltd. holds an option to acquire an 80-per-cent interest in the mineral claims on which the Bonaparte developed prospect is situated. As described in the company's technical report, work at the Bonaparte between 1985 and 1989 comprised 1,683 metres of trenching and 4,427.8 metres of diamond drilling in 64 holes, and a 3,700-tonne bulk sample collected in 1994 yielded 3,160 ounces of gold. By the end of 2011, 134 diamond drill holes totalling 8,019.8 metres, 66 trenches and 12 reverse circulation holes had been completed, identifying nine quartz veins within an area measuring approximately 300 metres by 350 metres. A further 15 diamond drill holes totalling 1,174.2 metres were completed between 2015 and 2018. Both the property and the Bonaparte lie within the same erosional window through the overlying Miocene plateau basalts.

Decade reported in a news release dated Aug. 31, 2026, that the first hole of its phase 1 drill program at the Bonaparte property intersected porphyry-style copper mineralization at depth.

The company has no interest in the Bonaparte property. The historical information described above is derived from the company's technical report and the information regarding Decade Resources is derived from its news release dated Aug. 31, 2026. Neither has been independently verified by the company's qualified person as the data are not within the qualified person's custody or control. Mineralization on the Bonaparte property is not necessarily indicative of mineralization on the Napoleon gold property. Investors are cautioned that mineralization styles and geological structures can vary significantly across short distances, and proximity should not be relied on as an indicator of future success.

Qualified person

Warren Robb, PGeo, a director of the company, is a qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects), and has reviewed and approved the scientific and technical information contained in this news release.

About Napoleon Resources Inc.

Napoleon is a mineral exploration company that is primarily engaged in the acquisition and exploration of mineral properties. The company's principal mineral property interest is an option to acquire a 100-per-cent interest in the Napoleon gold property located in the Kamloops mining division of British Columbia, Canada.

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