Announcement • Jun 24
Enduro Metals Corporation Outlines 2026 Exploration Program on Newmont Lake Project, British Columbia Enduro Metals Corporation announced its planned 2026 exploration program at the company’s 100%-owned Newmont Lake Project, located in British Columbia’s Golden Triangle. The 2026 program will focus on the Company’s Andrei copper-gold porphyry target, where Enduro plans to complete the first-ever drill program. Contractors are in place for an initial phase one 3,000 metre diamond drill program, with mobilization of the drill rig expected by July 2026. In addition to drilling, the Company will undertake an expanded induced polarization geophysical survey to extend coverage at Andrei northeast along the Andrei magnetic trend. Concurrently, ground crews will initiate first pass geological mapping and sampling at the FK and Southmore targets. A program of target definition mapping and sampling will also be completed at the Camp Zone, where 2025 exploration successfully identified high-grade gold mineralization. Enduro’s fully funded 2026 exploration program features a multi-pronged approach to unlocking value across the property: Andrei drilling: an initial 3,000 metre diamond drill program designed to test high priority copper-gold porphyry targets. Targets were defined during the 2025 campaign by surface sampling, geological mapping, airborne magnetic data and ground IP geophysics. Expanded IP geophysics: additional IP surveying to extend coverage at Andrei and to further refine drill targeting along strike to the northeast. FK prospect & Southmore field work: ground crews will complete mapping, prospecting and sampling to advance the FK and Southmore targets, both direct extensions of the Andrei magnetic trend, as potential copper-gold porphyry targets. Camp Zone prospecting: crews will undertake prospecting and follow-up geochemical sampling at the Camp Zone, where historic and recent work has returned high-grade gold and silver values. The Andrei target is a large, newly recognized porphyry copper-gold system located in the northern sector of the Newmont Lake Project. Benefiting from a low elevation setting the target sits beneath an easily accessible forested and till covered ridge located between two glacial valleys. The porphyry system is centred on a dense network of potassic-altered monzonite dikes and plugs, interpreted to be correlated to the Red Chris intrusive suite, which intrudes basalt and andesite volcanic rocks of the Stikine Assemblage. This monzonite complex correlates well with magnetic highs that define a major highly prospective 14-kilometre-long porphyry corridor. Widespread copper mineralization occurs in outcrops on the flanks of the main Andrei ridge, hosted within potassic altered monzonite intrusions and surrounding volcanic rocks. A 2025 IP survey on the southwest end of this trend delineated a robust four-kilometre chargeability anomaly coincident with a strong magnetic high beneath this central till-covered ridge. Andrei is characterized as a low-sulphur mineralized system where magnetite and minor hematite are the dominant alteration minerals, occurring in replacement zones, breccia infill and vein networks. Broad zones of highly anomalous copper (0.1% Cu and above) observed on the flanks of the main ridge are locally associated with thin quartz-vein stockworks and sheeted vein zones accompanied with magnetite, chalcopyrite, and lesser pyrite, within potassic altered monzonite and intense magnetite-chlorite-and minor epidote altered basalt wallrock. Late stage cross-cutting iron-carbonate vein system contains visible copper minerals (chalcopyrite and bornite) which are locally gold bearing. Drill testing of Andrei is expected to begin in July 2026 and will comprise up to seven drillholes, each up to 500 metres in length, for a minimum of 3,000 metres. Drill targets have been selected to test coincident chargeability and magnetic geophysical anomalies beneath the Andrei Ridge. Geophysical inversions completed on both the chargeability and magnetic data and are illustrated as 3D solids. Together, these coincident magnetic and chargeability features define an expansive target measuring greater than four kilometres long by 1.5 kilometres wide. Within this footprint, chargeability domains have yielded values up to 24 mv/v. The modeled magnetic data highlights a discrete magnetic high bounded by faults open to depths exceeding 1.5 kilometres. Coincident chargeability anomalies remain completely open beneath the depth of the survey and to the northeast. Preliminary drill sites have been optimized based on target priority, ground conditions and terrain. Proposed Hole A targets a well mineralized outcrop featuring extensive magnetite alteration in volcanic rocks and a prominent magnetic high. The IP survey only partially covers this occurrence on the flanks of the survey. Proposed Holes B and F are designed to test areas of elevated chargeability overlying a deep magnetic anomaly interpreted to represent a low magnetic phyllic alteration zone capping a magnetic potassic altered zone. The FK and Southmore targets are prominent magnetic anomalies located directly along the main Andrei magnetic trend. The FK target features a 2.5 kilometre magnetic high where (unverified) historical rock sampling results indicate potential for Andrei style mineralization. The Southmore target is a larger anomaly farther to the northeast and largely obscured by steep, forest covered slopes. No substantial historical work is recorded. However, a single day of surface mapping was completed in 2025 where the Southmore Creek crosses the magnetic trend successfully sampled monzonite with magnetite veining and copper mineralization (malachite-stained fragments in breccia). Both FK and Southmore will be systematically evaluated by prospecting and mapping and, where possible, by soil geochemistry. New Risk • Jun 02
New major risk - Revenue and earnings growth Earnings have declined by 3.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 3.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (133% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$19.9m market cap, or US$14.4m). Announcement • May 15
Enduro Metals Corporation announced that it has received CAD 8.851654 million in funding On May 14, 2026, Enduro Metals Corporation closed the transaction. Insiders of the Company participated in the Offering and subscribed for a total of 625,000 Offered Securities. Beacon received a cash commission of CAD 514,502.15, a corporate finance fee of CAD 84,000 and 2,933,197 compensation options. 
