Mr. Shawn Westcott reports

OPHIR MOBILIZES CREWS FOR SURFACE EXPLORATION AT THE BRECCIA GOLD PROJECT IN IDAHO

Ophir Metals Corp. has mobilized crews and restarted exploration activities at the company's Breccia gold property, located approximately 40 kilometres southwest of Salmon, Idaho.

"We are very excited for the restart of exploration at Breccia. We believe there is a lot of potential for both gold and silver over the one-kilometre breccia trend. The property did not receive the attention it deserved over the past few years as the company perused lithium and cesium opportunities. With the exploration focused on the new trend that returned 25.2 grams per tonne gold in outcrop, we plan on gaining additional understanding of this area," commented Shawn Westcott, chief executive officer of Ophir.

The work program will be focused on the extension of the property's Breccia gold zone to the north-northwest discovered in 2021 (see news release dated Sept. 20, 2021). Prospecting led to the discovery of a new, mineralized breccia outcrop occurrence, located approximately 800 metres north-northwest of the central Breccia gold zone and several hundred metres west of the extensive gold-in-soil anomaly situated along the northern portions of the Meadows fault zone.

During the 2021 program, a total of 16 samples, including a sample that returned 25.2 g/t Au (outcrop), were collected from a series of large breccia outcrops, extending for at least 200 m in a generally east-west direction (see Jan. 5, 2026, news release for reported results). The discovery indicates a potential splay off the Meadows fault zone and further highlights the surface exploration potential of the property, and most specifically the northern end of the Meadows fault zone.

Highlights of the Breccia gold project (see Jan. 5, 2026, news release for detailed information on the property):

• The property hosts extensive and significant gold mineralization through surface outcrop samples, including 84.3 grams per tonne gold and 31.3 grams per tonne silver (Meadows fault trend), 57.6 g/t Au and 19.6 g/t Ag (East Breccia zone), and 16.4 g/t Au and 15.1 g/t Ag (Musgrove trend).
• Outcrop sampled from the property expands the mineralized potential 800 metres north-northwest, along the Meadows fault zone: 25.2 g/t Au.
• CSAMT (controlled-source audio-frequency magnetotelluric) and magnetic surveys on the property define a continuous structural corridor to the northwest consistent with the known mineralized trend.

The Breccia gold property is anchored by a robust geological model and is on trend to the contiguous Challis gold project. Additionally, the geophysics data set including CSAMT and magnetics defines a continuous resistivity corridor coincident with the breccia trend on surface. This integrated data set confirms the presence of a structurally controlled system that remains open for expansion both along strike and at depth.

Fieldwork and data integration have also identified potential for parallel mineralized corridors extending north and east of the property's main Breccia gold zone (BGZ). The discovery of a new breccia outcrop approximately 800 metres north-northwest of the BGZ suggests a structural splay off the Meadows fault zone and highlights the property's broader surface potential.

Qualified person

Trevor Mills, PG, SME-RM, principal geologist/U.S. operations manager of Dahrouge Geological Consulting USA Ltd., a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information and verified the data contained within the news release. Mr. Mills has verified all scientific and technical data disclosed in this news release, including the sampling and quality assurance/quality control results and certified analytical data underlying the technical information disclosed herein. Mr. Mills noted no errors or omissions during the data verification process. The company and Mr. Mills do not recognize any factors of sampling or recovery that could materially affect the accuracy or reliability of the assay data disclosed in this news release.

About the Breccia gold property

The Breccia gold property consists of 52 claims covering approximately 1,043 acres (422 hectares) within the Blackbird mining district in Lemhi county, approximately 40 kilometres southwest of Salmon, Idaho, United States. The property is accessible by paved highway and a network of well-maintained gravel roads and is host to the historical Gahsmith gold mine. Exploration and development activity on the property dates back to the 1930s and has been exploited by several adits. The current property includes the Meadows fault zone and the lesser-explored, parallel Musgrove mine trend. Recent exploration carried out in 2018, 2019 and 2020 included the remapping and sampling of the Meadows fault zone and the results are suggestive of the existence of a significant low-sulphidation, epithermal gold system.

Further information on the Breccia gold property is available in the NI 43-101 technical report dated July 6, 2020, and titled "Technical Report on the Breccia Gold Property, Southwest of Salmon, Idaho, USA," filed on SEDAR+

About Ophir Metals Corp.

Ophir Metals is a diversified mineral exploration company focused on the exploration and development of the past-producing Breccia gold property located in Lemhi county, Idaho, and the Pilipas lithium property in James Bay, Quebec. The company is also advancing the letter of intent on the BlackFyre magmatic copper-nickel-cobalt project in Quebec.

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