Mr. Cameron Dorsey reports
NORTH VALLEY DOUBLES COMSTOCK LAND PACKAGE WITH STRATEGIC CLAIM EXPANSION; PROVIDES COMPANY UPDATES
North Valley Resources Ltd.'s expansion of its Comstock copper-gold project in Southern British Columbia has been approved through the staking of an additional 4,857 hectares (48.57 square kilometres), bringing the company's total land position to approximately 9,319 hectares (93.19 square kilometres) (see Dec. 3, 2025, news release). The newly acquired claims strategically expand the Comstock land package to encompass prospective zones that share geological and geophysical characteristics with other mineralized areas on the company's existing land position, further consolidating North Valley's position in a district-scale exploration opportunity within the Quesnel terrane.
Cameron Dorsey, chief executive officer of North Valley Resources, commented: "The expansion of Comstock represents an important step in our strategy to consolidate what we believe is a highly prospective copper-gold district in Southern British Columbia. By staking an additional 4,918 hectares and doubling the size of the project, we have secured prospective structures and areas of interest that extend beyond our existing targets. This expanded land position provides North Valley with greater flexibility to evaluate the broader geological system and identify additional exploration opportunities. We look forward to advancing the expanded land package through systematic exploration."
Historical copper-gold results
The Comstock project hosts multiple copper-gold showings. Historical exploration identified significant mineralization at the Original-Diane, Victoria, South, Lowell, Charmer, Island and Comstock zones. Historical surface sampling returned high-grade values, including up to 27.19 per cent copper (sample Jer-1098; assessment report 12799) at the Original-Diane zone and 56.71 grams per tonne gold (sample R2-Victoria; assessment report 17721) at the Victoria zone. Other notable results include trench results of 1.06 g/t Au and 0.31 per cent Cu over 3.38 metres at the Lowell zone and 0.2 per cent Cu over 7.0 m at the South zone (assessment report 16058A).
Historical drilling in 1988 at Original-Diane was limited to approximately 570 metres across nine shallow holes, with only 22 per cent of the historical core assayed. Notable intersections included 0.38 per cent Cu and 0.72 g/t Au over 13.99 m (STR-88-2), 0.53 per cent Cu and 0.36 g/t Au over 12.80 m (STR-88-4), and 0.20 per cent Cu and 2.65 g/t Au over 8.69 m, including 24.7 g/t Au over 0.76 m (STR-88-1). Importantly, these drill results are interpreted to have tested the northern margins of a shallow, greater-than-400-metre-long chargeability anomaly. North Valley believes these historical results, together with recently identified geophysical anomalies, warrant systematic testing of the broader copper-gold system.
Historical results have not been independently verified by North Valley Resources and should not be relied upon as necessarily indicative of mineralization on the property. True widths of historical drill intersections are unknown.
Stock options granted
The company announces that it has granted an aggregate of 1.42 million stock options pursuant to its stock option plan.
A total of 1.42 million options has been granted to officers, directors, consultants and advisers of the company, including 100,000 options granted to Robin Cook in connection with his engagement by the company. The options are exercisable at a price of 17 cents per common share for a period of five years from the date of grant and vest immediately upon the date of grant.
All options are subject to the terms and conditions of the company's stock option plan and the policies of the CSE, and vest immediately upon the date of grant.
Engagement of Robin Cook
North Valley is pleased to announce that it has engaged Mr. Cook to provide marketing and investor outreach services to increase general awareness of the company. Mr. Cook will provide these services under the oversight of company management.
The agreement to engage Mr. Cook is for a six-month term commencing Sept. 15, 2026, and ending March 15, 2027. Mr. Cook will receive monthly remuneration of $9,000 plus applicable taxes for total compensation of $54,000 plus applicable taxes over the full term of the agreement. Payments will be made from the company's existing working capital allocation for general and administrative expenses.
In addition to the cash compensation, Mr. Cook has been granted 100,000 stock options pursuant to the policies of the Canadian Securities Exchange and the company's incentive stock option plan. These options are included in the aggregate 1.42 million stock options granted by the company as described above.
The promotional activity will consist of marketing consultation and investor outreach, including the preparation and dissemination of company-related information and communications through social media, e-mail, telephone and other telecommunications channels.
Mr. Cook is engaged as an independent marketing and investor relations consultant, and is arm's length to the company. As of the date hereof, Mr. Cook does not have any interest, directly or indirectly, in the company or its securities.
About North Valley Resources Ltd.
North Valley Resources is a well-financed junior exploration company focused on advancing its flagship Comstock project, a high-quality exploration asset that is fully permitted for drilling and located in a proven, mining-friendly jurisdiction. The company is executing a disciplined, systematic exploration strategy aimed at unlocking significant copper and gold potential and advancing Comstock toward the mineral resource stage while creating meaningful value for shareholders.
Andy Randell, PGeo, consulting geologist with SGDS Hive Geological Consulting Ltd., is a qualified person as defined by National Instrument 43-101 for North Valley's B.C. exploration projects, and has reviewed and approved the technical information in this release. Mr. Randell is independent of the company.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.