Announcement • Feb 24
North Valley Resources Ltd., Annual General Meeting, Apr 23, 2026 North Valley Resources Ltd., Annual General Meeting, Apr 23, 2026. Announcement • Jan 21
North Valley Resources Ltd. Announces Comstock Project Emerges as District-Scale Copper-Gold Opportunity in Southern British Columbia North Valley Resources Ltd. share new compilation and interpretation work for its fully-permitted Comstock Project, located near Merritt in southern British Columbia. Spanning 4,462 hectares and encompassing 33 highly mineralized historic showings, the Comstock Project represents the first consolidation of this extensive, district-scale copper system under a single company. Building on encouraging historic drilling (1988) at the Original-D Diane Zone, recent geological modeling has identified high-priority geophysical targets that were previously unknown to the 1988 drill program, offering significant, untested copper-gold potential at depth in a region adjacent to some of British. Columbia's most productive coppe r mines. The limited 1988 drill program at the Original-Diane Zone was conducted during a period of depressed copper prices, which constrained exploration budgets. As a result, several intercepts reporting copper values exceeding 1.0% were never re-assayed and only 22% of the drill core was sampled. Despite the shallow drilling and limited analytical work at the time, the program returned encouraging copper and gold intercepts, underscoring the strong underlying potential of the Original-Diane Zone. The Comstock Gold-Copper property is located adjacent to the Coquihalla highway, 10 kms south of Merritt, B.C. Nearby mines include Teck Resources' Highland Valley Copper Mine, Hudbay Minerals' Copper Mountain Mine, and New Gold's New Afton Mine. Recent iscoveries in proximity to the Comstock property include Kodiak Copper's MPD Property (approx. 15 kms to the southeast) and Westhaven Gold's Shovelnose Property (approx. 13 km to the south). Strategic Location in a Proven Mining District. The Comstock Project is located in the heart of southern B.C.'s premier mining country, at the crossroads of the established Quesnel Terrane and the emerging Spences Bridge Gold Belt; a unique geological setting that supports epithermal gold and porphyry copper-gold deposit potential. The property benefits from exceptional access and infrastructure, including proximity to the Coquihalla Highway, existing internal road networks, and year-round exploration capability. The project lies within trucking distance of multiple producing mines and milling facilities, including Highland Valley Mine (Anglo Teck), New Afton Mine (New Gold), and Copper Mountain (Hudbay), which significantly reduces exploration and potential development risk. Compelling Geological Upside. Comstock is situated within the Western portion of the Nicola Volcanic Group, a highly fertile geological package within the Quesnel Terrane that hosts some of British Columbia's largest copper-gold porphyry systems. Historic Drilling. The Comstock property has undergone only limited shallow drilling to date. In 1988, a nine-hole drill program totaling 570 metres was completed at the Original-Diane showing. The drilling reached a maximum depth of approximately 90 metres and returned several encouraging high-grade copper and gold intercepts. The project was abandoned not due to geology, but as a result of collapsing copper prices and the closure of the nearby Craigmont Mine, leaving a high-quality asset dormant for decades. The 1988 drill program intersected fractured, mineralized zones characterized by quartz and silicified volcanics, with widespread limonite boxwork and patchy pyrite overprinting chloritic volcanics containing specular hematite. The quartz veins consist of fine-grained quartz and coarser quartz within a cherty interstitial phase. North Valley interprets these veins as potentially forming within the lithocap of an underlying mineralized porphyry system. Between 2021 and 2025, the Comstock Project advanced significantly with the completion of final claim consolidation, followed by the first comprehensive magnetic and induced-polarization (IP) geophysical surveys across the property. These geophysical surveys revealed multiple previously unrecognized magnetic and induced polarization (IP) anomalies, highlighted by a robust chargeability anomaly exceeding 400 m in strike length. The anomaly is positioned beneath the Original-Diane zone and remains open to the property. The anomaly iscoveries in the property. New Risk • Oct 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 73% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shares are highly illiquid. Shareholders have been substantially diluted in the past year (73% increase in shares outstanding). Market cap is less than US$10m (CA$711.0k market cap, or US$506.2k). 
