Mr. Jonathan Wiesblatt reports

TRIDENT ANNOUNCES FULL EXERCISE OF OVER-ALLOTMENT OPTION AND EXPECTED PROCEEDS OF $18.6 MILLION TO FULLY FUND EXPANDED 2026 DRILLING AT SASKATCHEWAN GOLD PROJECTS

In connection with its previously announced bought deal financing, the underwriters led by Haywood Securities Inc. and including Research Capital Corp. have exercised the overallotment option to purchase an additional 600,000 common shares of Trident Resources Corp. that will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada) at a price of $3.76 per flow-through share, increasing the aggregate gross proceeds to the Company under the bought deal offering to $17,296,000.

Due to strong investor demand, the company has additionally announced a concurrent non-brokered private placement through the issuance of 348,000 flow-through shares at a price of $3.76 per flow-through share for additional gross proceeds to the company of $1,308,480 to accommodate certain strategic investors. The flow-through shares issued under the offerings will be issued on a prospectus-exempt basis pursuant to the listed issuer financing exemption (LIFE) under applicable Canadian securities laws.

The gross proceeds from the sale of flow-through shares will be used for further exploration, mineral resource expansion and drilling at Trident's gold projects located in the La Ronge gold belt of Saskatchewan, as Canadian exploration expenses as defined in paragraph (f) of the definition of Canadian exploration expense in Subsection 66.1(6) of the Income Tax Act (Canada) and flow-through mining expenditures as defined in Subsection 127(9) of the Income Tax Act (Canada) that will qualify as flow-through mining expenditures, which will be renounced with an effective date no later than Dec. 31, 2026, to the initial purchasers of flow-through shares.

Jon Wiesblatt, chief executive officer of Trident commented: "Proceeds from this financing will be used to accelerate exploration at the company's flagship Contact Lake gold project, which was strongly supported by a group of high-quality, long-term institutional and strategic investors. Trident's recent results at Contact Lake mark a major step forward, with the fall drill program delivering a 100-per-cent success rate at the former Cameco-operated, high-grade underground mine. These results confirm the presence of robust gold mineralization and validate the significant upside potential of the project. With almost $30-million in hard and flow-through capital, Trident is exceptionally well positioned to meaningfully expand its exploration initiatives and create long-term value for shareholders."

The bought deal offering is expected to close on or about Feb. 18, 2026, or such other date as may be agreed to by the company and the underwriters. Closing is subject to customary conditions, including, but not limited to, the negotiation of an underwriting agreement among the parties with respect to the bought deal offering, the company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The non-brokered private placement is expected to close concurrently with the bought deal offering and no finders' fees will be paid in connection with the non-brokered private placement.

The offerings will be made in accordance with the listed issuer financing exemption in Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers in any province of Canada, except Quebec. The flow-through shares issued and sold under the offerings will not be subject to a hold period pursuant to applicable Canadian securities laws. There is an amended offering document related to the offerings that can be accessed under the company's issuer profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

In connection with the bought deal offering, the underwriters will receive an aggregate cash fee equal to 6.0 per cent of the gross proceeds of the bought deal offering.

Qualified person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Cornell McDowell, PGeo, vice-president, exploration, for Trident Resources and the qualified person for Trident as defined by National Instrument 43-101.

About Trident Resources Corp.

Trident Resources is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition, exploration and development of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The company is advancing its 100-per-cent-owned Contact Lake and Greywacke Lake projects, which host significant historical gold resources located within the prospective and underexplored La Ronge gold belt, as well as the 100-per-cent-owned Knife Lake copper project, which contains a historical copper resource.

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