Mr. Stephen Wallace reports

SEARCHLIGHT COMPLETES AND FILES NI 43-101 TECHNICAL REPORT ON ROBINSON CREEK GOLD PROJECT

Searchlight Resources Inc. has completed and filed a National Instrument 43-101 technical report for its Robinson Creek gold project, located approximately 16 kilometres west of Creighton, Sask., and Flin Flon, Man. The report presents a comprehensive analysis of historic and current exploration and the project's overall potential. This will provide valuable information for shareholders, investors and stakeholders and can be accessed and downloaded on Searchlight Resources' website.

This is the first NI 43-101 technical report on the Robinson Creek gold project, and it demonstrates the company's adherence to best practices and commitment to rigorous work and transparency in the advancement of its exploration activities. The report has been prepared in accordance with the guidelines set out in the Canadian Securities Administrators' NI 43-101, Standards of Disclosure for Mineral Projects.

"We are excited to announce the completion of this comprehensive review of exploration on the Robinson Creek project. This report and the company's planned exploration will be the next step to defining a gold deposit at Robinson Creek," stated Stephen Wallace, chief executive officer of Searchlight. "Given the current gold prices, the Robinson Creek project is becoming a considerable asset to Searchlight and its shareholders.

Key highlights from the report include:

1. A comprehensive summary of past exploration prior to Searchlight's work on Robinson Creek claims, including 70 drill holes completed by Hudbay and Saskatchewan Mining Development Corp. in the 1940s and 1980s;
2. A summary of exploration carried by Searchlight Resources from 2021 to 2025;
3. Geological evaluation that enhances the understanding of the project's geology and outlines the multiple mineralized zones at Robinson Creek and potential new targets;
4. The report provides recommendations for a two-phase exploration strategy:
   • Phase 1: detailed surface mapping and prospecting to take advantage of the new outcrop exposure;
   • Phase 2: the twinning of select historical holes to verify past high-grade results.

Searchlight endorses these recommendations and has filed for an exploration permit to carry out a surface exploration during the summer of 2026 followed by a drill program to verify historic drilling.

Robinson Creek highlights:

• Initial exploration target with ranges of two million to three million tonnes and grades between 1.20 grams per tonne gold and 1.60 g/t gold, which is amenable open-pit mining;
• Located 16 kilometres west of Creighton, Sask., and Flin Flon, Man., and 15 km from Searchlight's Bootleg Lake brownfield mine site;
• Compilation of 70 historical drill holes (totalling 9,618 metres) from the 1940s and 1980s;
• Historical drill holes and geophysics outline a zone of mineralization extending at least 1,000 metres along the Mosher Lake shear zone;
• Recent airborne magnetic surveys have outlined exploration potential along strike and south of the known zones;
• 60 drill holes have gold intersections greater than 1.0 gram per tonne gold;
• 45 gold intersections have greater than 2.0 g/t gold over at least one metre:
  • Multiple wide gold intersections:
    • 2.46 g/t gold over 57.60 m in DDH 81-2;
    • 7.59 g/t gold over 10.94 m in DDH HB-6;
    • 3.80 g/t gold over 21.00 m in DDH R07-1;
    • 2.15 g/t gold over 32.00 m in DDH 81-1.

Disclaimer on drill compilation: Management cautions that the presented drill sample results are historical in nature, and Searchlight has not undertaken any independent investigation of the sampling, nor has it independently analyzed the results of the previous exploration work to verify the results. Searchlight considers these sample results relevant as the company uses historical reports and sample results to evaluate and plan future exploration programs. All drill intercepts are drill-indicated lengths. Insufficient technical information exists to demonstrate the true widths of these intersections. The technical information is derived from public documents available through the Saskatchewan Government Ministry of Energy and Resources.

Disclaimer on initial exploration target: The potential quantity and grades are conceptual in nature. There has been insufficient exploration drilling to define a mineral resource and it is uncertain if further exploration will result in the exploration target being delineated as a mineral resource.

The Robinson Creek technical report has been written by Ty Magee, PGeo, of Axiom Exploration Group Ltd. of Saskatoon, Sask. Mr. Magee is a professional geologist and an independent qualified person pursuant to NI 43-101, Standards of Disclosure for Mineral Projects. The report will be available for review on the company's website and filed on SEDAR+.

Qualified person

Stephen Wallace, PGeo, is Searchlight's qualified person within the meaning of NI 43-101 and has reviewed and approved the technical information contained in this news release.

About Searchlight Resources Inc.

Searchlight Resources is a Canadian mineral exploration and development company focused on gold in Saskatchewan, Canada, which has been ranked as one of the top 10 locations in the world for mining investment by the Fraser Institute. The company is currently planning the reopening of the Rio gold mine, located five kilometres from Creighton, Sask., and Flin Flon, Man.

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