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Southern Empire Resources Corp
Symbol SMP
Shares Issued 100,500,000
Close 2026-11-05 C$ 0.05
Market Cap C$ 5,025,000
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Southern Empire receives drill permit for VLM

2026-11-10 11:38 ET - News Release

Subject: SMP - News Release PDF Document

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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