VANCOUVER, BC / ACCESS Newswire / February 18, 2026 / Pathfinder Ventures Inc. ("Pathfinder" or the "Company") (TSXV:RV) announces that on January 27, 2026, it executed definitive mortgage documentation to refinance its Parksville RV Resort property located at 380 Martindale Road, Parksville, British Columbia.

The refinancing provides for a total mortgage facility of $4,200,000. The property was recently appraised at $7.134 million. The 1st mortgage bears interest at Prime plus 5.5%, has a maturity date of January 31, 2027, and provides for interest-only monthly payments during the initial 12 months.

Closing is expected to occur as soon as possible, subject to customary closing conditions, including receipt of payout statements and discharge documentation from the existing lender. The loan is secured by customary mortgage security over the property and may be prepaid without penalty, subject to minimum interest thresholds.

Proceeds from the refinancing will be used to retire the Company's existing Parksville mortgage.

Strategic Impact of Refinancing

The existing Parksville mortgage contains several restrictive covenants, including lender approval rights over corporate debt issuances and rights of first refusal over Company assets. In particular, the prior lender's approval rights over corporate indebtedness limited Pathfinder's ability to pursue acquisitions or new project opportunities involving debt components.

Upon closing of the new facility, the restrictive provisions will be removed, restoring greater strategic flexibility at the corporate level.

Importantly, the new lender has expressed interest in supporting Pathfinder's evaluation of a potential RV lot sales strategy at the Parksville property. The resort currently contains 129 RV sites. Based on preliminary management estimates and observed pricing in comparable markets, RV lots in similar resort communities have achieved sales prices in the range of approximately $90,000 to $110,000 per site.

If implemented, and assuming average sales pricing of approximately $100,000 per lot, a fully executed lot sales program could represent potential gross proceeds of more than $12 million.

Any such initiative remains subject to approvals, lender consent, market conditions, absorption rates, and other customary risks. There can be no assurance that a lot sales program will be undertaken or that estimated pricing or gross proceeds would be realized.

Update on Westside Modular Home Park

The Company currently holds a 5% ownership interest in the Project and continues working toward increasing its ownership consistent with prior public disclosure. Pathfinder plans to revisit the structure and commercial terms of its expanded participation in collaboration with the Project's owner.

To date, infrastructure has been installed for 30 modular home lots, two homes have been constructed and delivered with families now residing on site, and a total of six homes have been sold, representing more than $4 million in revenue for Westside Modular Home Park. The combination of completed infrastructure, home deliveries, and committed sales reflects continued project momentum as the community transitions from early-stage development toward broader occupancy and long-term build-out.

Outlook

Following the anticipated closing of the Parksville refinancing, Pathfinder intends to place greater focus on advancing its low-cost and attainable housing initiatives, including modular home developments such as The Views.

With improved financial flexibility and fewer structural restrictions, the Company believes it will be better positioned to allocate capital and management attention toward scalable modular housing opportunities and long-term value creation.

On behalf of the Board of Directors of the Corporation:

Joe Bleackley
Chief Executive Officer, Director
Pathfinder Ventures Inc.

Company Contact:
Joe Bleackley
Chief Executive Officer, and Director
Phone: (604) 914 2575
Email: ir@PathfinderVentures.ca
Websites: PathfinderVentures.ca | PathfinderCampResorts.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

This news release may include certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include statements and estimates that describe the Company's future plans, objectives or goals, including words to the effect that the Company or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "will", "may", "should", "could", "would", "plans", "estimates", "anticipates", "expects", "believes" and other similar expressions. All statements other than statements of historical fact are forward-looking statements. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that such statements will ultimately prove to be accurate and that actual results and future events will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking statements could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release may include, but is not limited to, the Company's objectives, goals or future plans, including funding and refinancing. Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, the ability of the Company to successfully implement its development strategy and whether this will yield the expected benefits; competitive factors in RV's industry sector; the success or failure of product development programs; currently existing applicable laws and regulations or future applicable laws and regulations that may affect the Company's business; decisions of regulatory authorities and the timing thereof; Covid-19 related risks, availability of properties for acquisition and/or development; the economic circumstances surrounding the Company's business, including general economic conditions in Canada, the US and worldwide; changes in exchange rates; changes in the equity market; inflation; uncertainties relating to the availability and costs of financing needed in the future; and those other risks disclosed in the filing statement and other disclosure document prepared and supplied on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this news release are reasonable, undue reliance should not be placed on such information. Any forward-looking statement is made as of the date of this news release, and no assurance can be given that any such conditions or events will occur in the indicated time frames, as expected or at all. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

SOURCE: Pathfinder Ventures Inc.