Announcement • Jul 09

Sankamap Metals Secures Two-Year Prospecting Licence Renewals for Kuma and Fauro Copper Gold Properties

Sankamap Metals Inc. announced that the Solomon Islands Government has approved the renewal of the Company's prospecting licences for both its 4,500-hectare Kuma Property and its 24,100-hectare Fauro Property securing uninterrupted exploration activities across a combined 28,600 hectares of highly prospective copper-gold ground. The licence renewals represent a significant milestone for the Company, reflecting continued support from both the Solomon Islands Government and local communities while reinforcing Sankamap's long-term commitment to responsible mineral exploration in the country. Two-year prospecting licence renewals approved for both Kuma and Fauro, allowing uninterrupted exploration and drilling activities. Community access agreements renewed, demonstrating continued local support and strong stakeholder relationships. District-scale exploration portfolio totaling approximately 28,600 hectares in one of the southwest Pacific's most prospective copper-gold belts. All government permitting and environmental compliance requirements remain in good standing. Active exploration programs continue at both projects, including a drill program at Kuma and systematic target generation at Fauro. Multiple discovery opportunities are being advanced through integrated geological, geochemical, geophysical, and drilling programs. Sankamap remains committed to responsible exploration through Canadian operating standards, environmental stewardship, and long-term community partnerships. Under Solomon Islands mining legislation, a Prospecting Licence authorizes the holder to conduct mineral exploration activities, including drilling, geological mapping, geochemical sampling, geophysical surveys, and other exploration programs within the licensed area. The renewed licences are valid for a further two-year term and include continued authorization for drilling and all approved exploration activities. In parallel, Sankamap has successfully renewed its community access agreements for the same period, ensuring uninterrupted access to both projects while continuing to work collaboratively with local landowners and stakeholders. The renewals provide an important foundation for the Company's planned 2026-2027 exploration programs as Sankamap advances two highly prospective copper-gold systems toward discovery. Sankamap continues to advance both Kuma and Fauro through a disciplined exploration strategy designed to evaluate district-scale mineral systems and generate high-quality drill targets. At Kuma, the Company's inaugural drill hole, KU26-001, successfully tested the lithocap and coincident geophysical anomalies, intersecting multiple zones of strong hydrothermal alteration. Most notably, drilling encountered a 30.5-metre interval characterized by intense clay alteration, abundant anhydrite veining, and pervasive pyrite mineralization, geological features consistent with a large hydrothermal system beneath the lithocap. (Assay results remain pending) These encouraging observations, together with ongoing surface rock sampling, TerraSpec alteration studies, and integrated geological interpretation, continue to improve the Company's understanding of what may represent a significant porphyry copper-gold system. Drilling is expected to resume during July/August 2026. At Fauro, historical drilling, extensive surface geochemistry, and geophysical surveys have outlined multiple near-surface epithermal gold systems across a large and underexplored land package with significant district-scale potential. Current exploration is focused on systematic rock sampling, geological mapping, and target refinement to validate historical results, define new mineralized trends, and prioritize targets for follow-up geophysics and future drilling. With exploration programs active at both projects and numerous high-priority targets continuing to emerge, Sankamap is well positioned to deliver a steady pipeline of exploration news while advancing one of the largest copper-gold exploration portfolios in the Solomon Islands. Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits. At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au; underscoring the area's significant potential. At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au. Complementing these results are grab sample assays, including historical values of up to 173 g/t Au, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au, further underscoring the property's strong mineral potential and the merit for continued exploration. The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines.

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Sankamap Metals Secures Two-Year Prospecting Licence Renewals for Kuma and Fauro Copper Gold Properties

Sankamap Metals Inc., Annual General Meeting, Jul 15, 2026

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