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Origen Resources Inc
Symbol ORGN
Shares Issued 69,930,154
Close 2026-06-10 C$ 0.065
Market Cap C$ 4,545,460
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Origen expands REE land package in Piaui, Brazil

2026-06-10 17:57 ET - News Release

Mr. Gary Schellenberg reports

ORIGEN INCREASES REE LAND POSITION AND PROVIDES AN EXPLORATION UPDATE

Origen Resources Inc. has made application to acquire the rare-earth elements rights for an additional 7,865 hectares in Piaui, Brazil.

Exploration planning and permitting has now commenced.

Key points:

  • Applications have now been submitted to acquire an additional 7,865 hectares for a grand total today of 76,479 hectares;
  • Signed contract with Aero Cientifica to conduct a 2,695-kilometre airborne radiometric survey;
  • Permitting is under way for both ground sampling and airborne surveys;
  • Community and state government engagement meetings are being held;
  • Crews have now completed the field due diligence on the recently announced Campo de Cima project and are awaiting results.

Based on newly sourced geological information, Origen has made applications to acquire an additional 7,865 hectares within Piaui state in northern Brazil. The new areas cover either existing showings and/or favourable geology that may host REEs. When approved, Origen will control the exploration rights to over 76,000 hectares in the states of Bahia and Piaui.

Permitting has commenced to allow the company to conduct an airborne radiometric survey over its northernmost claims. Radiometrics are recognized a key tool in the identification of prospective REE layers within the region. The fixed wing survey will total 2,695 line km and will be a stepping stone to identifying hidden targets for further investigation. Origen has contracted Aero Cientifica, Servicos Aereos Especializados of Rio de Janeiro to conduct the survey.

In conjunction with the airborne survey a detailed mapping and sampling program will focus on the initial REE discovery areas and investigate tracing the phosphate beds hosting the REEs beyond that original prospect. Results of the mapping and sampling will be used in conjunction with the airborne to extend target generation across the Picos area property.

Permitting is also under way to conduct ground follow-up work on both project areas. A key component of permitting involves local community, municipal and state level meetings. Several productive meetings have been held to date, and the company has hired a local representative to assist in communication at the community level. Origen has added a section to the company's website with Portuguese translation of news releases to assist in keeping local communities informed.

"We are very pleased with the reception that our representatives have been received from state government, local government and individual landowners. With the acquisition phase well under way our work now is transitioning to developing drillable targets at the Picos and Campo de Cima projects. We look forward to working with our local partners to explore and develop our portfolio of REE projects," states Gary Schellenberg, chief executive officer.

Field due diligence on the Campo de Cima project, announced on April 26, 2026, has now been completed. The primary target area is four kilometres by six kilometres in size and vendor sampling shows it is highly anomalous with REE in soils suggesting an ionic absorption clay target.

During the due diligence fieldwork, Origen staff visited the Campo de Cima licences, collecting soil and rock samples at key showings and other outcrops of what are understood to be the prospective strata. During three days at Campo de Cima, 13 stations were visited to conduct soil mapping and investigation of the anomalous areas previously identified by the vendor. Seven soil samples were collected for confirmation of the vendor-identified anomalies and have now been submitted to SGS Geosol in Belo Horizonte. SGS Geosol is an analytical laboratory with experience in analysis of geological materials and holding ISO 9001:2015 and ISO14001:2015 certification. All samples will be digested by lithium metaborate fusion and finished by ICP-OES/MS in addition to being analyzed using an ammonium sulphate leach followed by ICP-OES finishing (lab codes ICP95A, IMS95A, ICM694). Results are pending.

John Harrop, PGeo, a qualified person as that term is defined in National Instrument 43-101, has supervised the preparation or approved the scientific and technical disclosure in the news release. Mr. Harrop is employed by Coast Mountain Geological Ltd. where approximately 10 per cent of his time is spent on Origen matters. He is not independent of the company as defined in NI 43-101. Mr. Harrop also holds incentive stock options of Origen. The company does not believe Mr. Harrop's independence is compromised by his role with Coast Mountain and the options of Origen held, and that Mr. Harrop is an independent QP of Origen for the purposes of this news release.

The company and Mr. Harrop are independent of SGS Geosol Laboratory.

About Origen Resources Inc.

Origen is fully focused on this new Brazilian REE acquisition, while holding a 100-per-cent interest in the Los Sapitos lithium project in Argentina, the Wishbone project in the Golden Triangle of British Columbia, and three other 100-per-cent-owned precious and critical metal projects in Southern British Columbia.

We seek Safe Harbor.

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