Announcement • Jul 17
Makenita Resources Inc. Identifies Clearly Defined Magnetic High Within the Sisson West Tungsten Project Bordering the Sisson Tungsten Deposit in New Brunswick Makenita Resources Inc. announced the airborne data and regional historical data have been compiled and evaluated. This project is directly adjacent to the Sisson Tungsten mine in New Brunswick. The 2026 NuSense detailed airborne magnetic survey (50m nominal flight height, 100m line spacing) over the Makenita property, combined with the historic Florenceville regional aeromagnetic dataset, has identified a local magnetic high directly on Makenita ground. This is interpreted from magnetic lineaments and a 3D Magnetic Vector Inversion (MVI) magnetic inversion as a possible new, secondary intrusion at depth on the west flank of the large central Devonian Howard Peak Granodiorite. This is a similar environment to the Sisson W-Mo deposit which is just to the NE along the main SW-NE structural trend on the East side of the Howard Peak Granodiorite. Management cautions that past results or discoveries on properties in proximity to Makenita may not necessarily be indicative of the presence of mineralization on the Company's properties. MVI modelling (Magnetization > 0.005 units. Orange) shows the anomaly from the new, detailed aeromagnetic survey sitting on the west side of the batholith margin, giving a discrete, drill-ready target rather than a diffuse regional signature. Structurally, large SW-NE trending features mapped from the Mag 1VD (First Vertical Derivative) magnetic data appear to cut across the batholith and extend from the Sisson area onto Makenita property. These are interpreted as potentially controlling structures similar to the structural setting associated with vein-hosted mineralization at Sisson. This strengthens the case that Makenita's ground sits along a favorable structural trend rather than being geologically isolated from it. On the geochemical side, regional Tungsten-in-till data shows an anomaly south and southwest of the Sisson deposit that, based on ice-flow direction and dispersal patterns, may be sourced from the west side of the felsic intrusive — i.e., from Makenita ground rather than from Sisson itself. The technical contents of this release were reviewed and approved by Alan King, PGeo, arm's length to the company and a qualified person as defined by National Instrument 43-101. The data gathered via the government sites have been relied upon as accurate but have not been independently verified by the QP in reference to figure 2. The updated and correct acreage for the Serpentinization Project should be 102,110. Makenita currently has several projects located in Canada, including the 102,110-contiguous-acre 'Serpentinization Iron-Magnetite Project' in Saskatchewan bordering Max Power Mining Corp. Makenita also has the 9,845-contiguous-acre 'Sisson West Tungsten Project', prospective for Tungsten in New Brunswick directly bordering Northcliff Resources Ltd.'s Sisson Tungsten Mine, as well as the approximately 9,000-acre 'NTX Rare Earth Project' in Quebec prospective for rare earths. Lastly, Makenita has the 5,542-acre 'Hector Project' in the vicinity of Cobalt, Ontario, which is prospective for cobalt, silver and diamonds. Management cautions that past results or discoveries on properties in proximity to Makenita may not necessarily be indicative of the presence of mineralization on the Company's properties. New Risk • Jul 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (CA$4.70m market cap, or US$3.32m). New Risk • May 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (18% average weekly change). Market cap is less than US$10m (CA$7.42m market cap, or US$5.37m). 
