Subject: SMP - News Release
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File: Attachment SMP - NR 20261110 - Drill Permits Received for VLM Copper Property.pdf
TSX-V: SMP
Frankfurt: 5RE
News Release
November 10, 2026
Southern Empire Receives Drill Permit for the VLM Copper Property, Sonora, Mexico
Southern Empire Resources Corp. ("Southern Empire"; TSX-V: SMP) has received a permit for a core drilling
program at its 100% owned VLM copper property located near the community of Suaqui Grande, 130 kilometres
southeast of Hermosillo in Sonora, Mexico.
The VLM property is in the world-class
Laramide Arizona-Sonora porphyry
copper belt where more than twenty
porphyry copper-molybdenum deposits
have been mined for decades and others
are currently under development.
Historical work at the VLM property has
identified oxide copper and molybdenum
mineralization hosted in silicified quartz
monzonite.
Southern Empire is planning for a 500- to
750-metre, three- to five-hole drill
program using triple tube technology to
maximize core sample recovery. The
permit, issued by the Secretaria de
Medio Ambiente y Recursos Naturales ("SEMARNAT"; Mexico's Ministry of Environment and Natural Resources),
allows for up to 22 holes drilled from 12 sites. Southern Empire has initiated discussions with surface landholders
regarding access for this future work. The detailed mobilization and drilling schedule will be announced once
service providers have been selected and timing finalized.
Qualified Person (QP)
The scientific and technical information contained in this news release has been prepared, reviewed and
approved by David Tupper, P.Geo. (British Columbia), Southern Empire's VP Exploration and a Qualified Person
(QP) within the context of Canadian Securities Administrators' National Instrument 43-101; Standards of
Disclosure for Mineral Projects (NI 43-101).
About Southern Empire Resources Corp.
Southern Empire is engaged in the acquisition, exploration and development of metals and minerals deposits in
the American southwest and northern Mexico; particularly focused on those that are amenable to lower-cost
metal extraction methodologies such as heap leaching. To achieve its goals, Southern Empire has assembled a
board of directors, all veterans in mine and corporate finance, exploration, permitting, development, and
operations that will guide the future growth of the company.
In the Cargo Muchacho mountains of Imperial County, California, Southern Empire's wholly-owned Oro Cruz
Project has the potential to re-establish gold production from a moderate tonnage oxide gold deposit located
approximately 22.5 kilometres (14 miles) southeast of the operating Mesquite gold mine of Equinox Gold Corp.,
which has now produced more than five million ounces. At Oro Cruz, extensive historical drilling and large-scale
open-pit and underground mining of the American Girl, Padre y Madre, Queen and Cross oxide gold deposits by
the American Girl Mining Joint Venture (AGMJV) of MK Gold Company and Hecla Mining Company occurred
between 1987 and 1996. During that time, gold was recovered by heap leaching of lower-grade ores and milling
of higher-grade ores. Following significant definition drilling and underground development, the Oro Cruz open
pit and underground mines operated successfully for only one year (producing about 61,000 ounces of gold)
AGMJV operations ceased in late 1996 as collapsing gold prices caused the entire operation to be shuttered and
decommissioned, leaving the Oro Cruz property with many gold exploration targets in addition to a historical
inferred resource estimate, reported In 2011 by Lincoln Mining Corp., totalling 341,800 ounces gold based on
4,386,000 tonnes averaging 2.2 grams gold per tonne at a cut-off grade of 0.68 g/t Au (4,835,000 tons at 0.07
ounce gold per ton; please refer to the Cautionary Notice Regarding the Oro Cruz Property Historical Resource
Estimate below). Although no surface facilities remain, the underground infrastructure at Oro Cruz (including a
2.4 kilometre haulage ramp, sublevels and draw points) remains in excellent condition and the open pit was
abandoned just after stripping was completed prior to the start of Stage II pit expansion.
For more information on Southern Empire and its projects, please visit our website: www.smp.gold.
On behalf of the Board of Directors of Southern Empire Resources Corp.,
Dale Wallster, CEO and Director
For further information on Southern Empire please visit both www.smp.gold and SEDAR+ or contact:
Lubica Keighery, (778) 889-5476, lubica@smp.gold .
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Notice on Forward-Looking Information and Forward-Looking Statements
Information provided in this news release may contain forward-looking information or forward-looking statements that are based on
assumptions as of the date of this news release. Such information or statements reflect management's current estimates, beliefs,
intentions and expectations and are not guarantees of future performance. Southern Empire cautions that all forward-looking statements
are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond its
respective control. Such factors include, among other things: risks and uncertainties relating to Southern Empire's limited operating
history, the need to comply with environmental and governmental regulations, results of exploration programs on its projects and those
risks and uncertainties identified in its annual and interim financial statements and management discussion and analysis. Accordingly,
actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed
or implied in the forward-looking information. Except as required under applicable securities legislation, Southern Empire undertakes no
obligation to publicly update or revise forward-looking information.
Cautionary Notice Regarding the Oro Cruz Project Historical Resource Estimate
The historical resource estimate outlined above is disclosed in a technical report dated April 29, 2011, prepared for Lincoln Mining Corp.
by Tetra Tech, Inc. and filed on Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR+). It is
termed an inferred mineral resource, which is a category set out in NI 43-101. It was based on historical reverse circulation and core drill
hole sample, underground channel sample, and blasthole sample assay results and calculated using ordinary kriging to estimate gold
grades in 10foot-by-10-foot-by-five-foot blocks. Accordingly, Southern Empire considers this historical estimate reliable as well as relevant
as it represents key targets for future exploration work. However, a QP has not done sufficient work to verify or classify the historical
estimate as a current mineral resource and Southern Empire is not treating this historical estimate as current mineral resources.
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