Mr. Paul Jones reports

NUINSCO UPDATES 2026 WORK PROGRAM ON PARADISE LAKE GOLD PROJECT, NEWFOUNDLAND

Nuinsco Resources Ltd. today provided an update on field exploration and work program plans at the Paradise Lake gold project in central Newfoundland. Located within the prolifically mineralized central Newfoundland gold district, the project is underlain by the same structures associated with much of the gold mineralization in central Newfoundland, including Equinox Gold's Valentine Lake gold deposit, Newfoundgold's Queensway gold deposit and the Moosehead exploration property operated by Pirate Gold.

Paradise Lake 2026 summer-autumn field program

• Historic data compilation;
• Detailed drone magnetic survey -- 350 line kilometres at 25-metre line spacing;
• Property-wide prospecting, sampling and mapping;
• Initial orientation induced polarization survey -- to compare with historic results and test response;
• Follow-up detailed induced polarization survey -- expanding historic results and the 2026 orientation survey;
• Mercury vapour geochemical sampling;
• Pitting/trenching -- to expose potential shallow buried bedrock where practicable.

"We are pleased to announce that a work program is progressing well and will continue through the summer and autumn at the Paradise Lake gold project. A challenge to exploration on the project is the lack of exposed bedrock, so we are using techniques to see through the overburden to develop drill targets for the next phase of work," said Paul Jones, Nuinsco's chief executive officer. "As we have previously said, historic work has produced very compelling indicators of widespread mineralization over a 10-kilometre-long trend underlying the project. We believe this to be an excellent prospective exploration target."

The work program commenced in May with historic data compilation, detailed drone magnetic surveying accompanied by prospecting and sampling. The work will be augmented during the summer by geophysics -- an induced polarization survey, geochemical prospecting and evaluation of likely areas of shallow buried bedrock appropriate for exposure by trenching for sampling. The purpose of this work is to expeditiously develop as complete an understanding of the framework for mineralization at Paradise Lake as possible to provide guidance to diamond drilling in the next phase of work.

The exploration appeal of the project is compelling: regionally prospective geological setting; strong anomalous geochemical signatures, including multigram gold analyses; and geophysics capable of mapping structure and intrusions. That kind of convergence is what makes Paradise Lake a compelling exploration gold play with abundant opportunity for exploration success.

The project consists of 132 mineral exploration claims in two separate blocks: the 108-claim Paradise Lake block, and the 24-claim Pistol Lake block. Historically, widespread and anomalous gold mineralization has been identified across the project area. The project is approximately 27 kilometres south of Grand Falls-Windsor, directly accessible via local roads and tracks.

Located on the Dunnage zone litho-tectonic domain of central Newfoundland, the mineralization at the project is interpreted to be related to the Cape Ray-Valentine Lake structural zone and the Victoria Lake Fault zone.

Laura Giroux, PGeo, chief geologist of Nuinsco, is a qualified person as defined under National Instrument 43-101. Ms. Giroux has reviewed and approved the technical content of this news release.

About Nuinsco Resources Ltd.

Nuinsco Resources has over 50 years of exploration success and is a growth-oriented, multicommodity mineral exploration and development company focused on prospective opportunities in Canada and internationally. Currently the company has the Paradise Lake gold project in central Newfoundland, and in Ontario the large multicommodity (phosphate, rare-earth element, niobium, tantalum) Prairie Lake project near Marathon-Terrace Bay, the Zig Zag Lake property (lithium, tantalum) near Armstrong joint ventured with First Class Metals PLC, and retains a NSR (net smelter returns) royalty on the Sunbeam gold property near Atikokan.

We seek Safe Harbor.