Announcement • May 15
VR Resources Limited Receives Conditional Approval For Farm-Out Transaction Of Empire And Silverback Projects To Athos Metals Corp VR Resources Limited announced two important milestones for its previously announced farm-out transaction of its Empire and Silverback Cu-Ni-PGM projects in Ontario to Athos Metals Corp. In connection with the proposed Transaction as described in the news release dated February 26, 2026, Athos is moving forward to complete a go-public transaction which would result in its shareholders receiving shares of a resulting issuer which are expected to be listed on the TSX Venture Exchange or the Canadian Securities Exchange in the coming months. Pursuant to the terms of the Agreement for the transaction, and following the Go Public Transaction, VR will hold 9.9% of the Resulting Issuer’s issued and outstanding shares, among other considerations paid in respect of the Transaction. VR received conditional acceptance of the proposed transaction from the TSXV in a letter dated April 23, 2026. On April 30, 2026 Athos announced that it signed a Letter of Intent with Meed Growth Corp. (TSXV: MEED.P) with respect to a proposed qualifying transaction which will result in a reverse take-over of Meed by Athos, with the resulting issuer to be listed for trading on the TSXV. Announcement • May 09
VR Resources Limited Commences Drill Program at New Boston Moly-Tungsten-Copper-Silver Porphyry Project in Nevada VR Resources Limited announced that the drill program is underway on its New Boston moly-tungsten-copper-silver porphyry project in Nevada. Plans are for approximately 1,500 metres of drilling in 2 – 3 holes to test the new IP and conductivity geophysical anomalies at Jeep Mine. More specifically, and most importantly, the new drilling will test where IP and conductivity attributes coincide, representing the potential center for both vein intensity and sulfide density within the large-footprint skarn and porphyry system at New Boston. Photo 1 below shows the drill rig on site at the first planned drill hole. It is collared in a high temperature alteration zone of quartz-garnet stockwork veining. The hole will be inclined steeply to the southeast, into and across the Jeep Mine hill in order to test the coincident geophysical anomalies which plunge steeply across a panel of north-dipping limestone and sheeted monzonite dykes with sheeted and stockwork veins with moly, tungsten, copper and silver mineralization which are exposed on surface at the drill collar. The program is anticipated to take approximately two months to complete, with geochemical results to follow in the summer. The program will benefit from analytical work at facilities located in nearby Reno, Nevada: 1. whole-core hyperspectral scanning and high-resolution photography will be completed systematically on all drill core by TerraCore Geospectral Imaging in order to document alteration chemistry and mineralogy and characterize vein geometries, and; 2. there will also be continuous sampling of all drill holes in their entirety for multi-element ICP-MS geochemistry at Paragon Geochemical. New Boston has scale. Below in Photo 2 is a view east at Jeep Mine from the Blue Ribbon skarns located to the west, at the western end of the 3-4 km skarn and porphyry system at New Boston. The goal with this program is to complete the first-pass drilling across the large-footprint, skarn and porphyry system that was started in 2024 at East Zone. The long intersections of continuous stockwork veining with copper and silver intersected at East Zone are viewed as only the starting point; the coincidence of IP and conductivity attributes at Jeep Mine to the west provide a vector to stronger vein intensity and sulfide concentration, and thus, the potential for a stronger polymetallic intersection including moly and tungsten in addition to copper and silver. The drill program is based upon integrated vectors from three years of detailed surface exploration and airborne surveys by VR, built upon expert historical work in the 1960’s and 70’s. Photo 1. Drill rig set up, May 6, 2026, for the first planned drill hole at Jeep Mine, New Boston. Photo 2. New Boston has scale. View east at Jeep Mine from the Blue Ribbon skarns located to the west, at the western end of the 3-4 km skarn and porphyry system at New Boston. The drill is visible in the left middle-ground, on the northern flank of the Jeep Mine hill; the drill hole will go across and down into the large, red-brown alteration zone of high temperature garnet stockwork that is clearly visible to the right. Prior to the submission of the NOI drill permit application for Jeep Mine, the inversion models for the 3D array DCIP geophysical survey completed in 2023 were reviewed, for Best Practice, with the team at Dias Geophysical, a provider of geophysical services, during the recent AME Mineral Exploration Conference held in Vancouver. Co-spatial and steeply plunging conductivity and IP chargeability anomalies at Jeep Mine are now more precisely defined and better understood based on the review, and will be tested in the planned upcoming drilling as the potential vein and sulfide center of the overall skarn and porphyry system at New Boston. Conductivity anomalies at East Zone identified in that same 2023 DCIP survey were drill tested in 2024 in the first leg of VR’s first-pass drilling at New Boston. Copper and silver mineralization were intersected in continuous and intense stockwork veining in more than 1,500 ft of drill core in Hole 002. The planned drilling in the heart of the IP chargeability anomaly and coincident conductivity at Jeep Mine hopes to build upon those results in terms of the polymetallic grade potential of polyphase, stockwork veins with moly and tungsten in addition to copper and silver. Announcement • Apr 29
VR Resources Ltd. announced that it has received CAD 1 million in funding On April 27, 2026, VR Resources Limited has closed the transaction. The company announced that it has issued 4,680,000 Units, including pursuant to the exercise of an overallotment option, were sold under the Offering at a price of CAD 0.25 per Unit for aggregate gross proceeds of CAD 1,170,000. The company issued 680,000 units for proceeds of CAD 170,000 as part of overallotment option and issued 4,000,000 for gross proceeds of CAD 1,000,000 as part of the offering. Each Unit consists of one common share and one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase one Common Share at a price of CAD 0.30 for a period of 36 months from the date of closing of the Offering. In connection with the Offering, the Company paid a cash commission of CAD 93,600 and issued 468,000 Units as a corporate finance fee and issued 374,400 non-transferable broker warrants to the Agent and in respect of the Cash Commission and the Broker Warrants, to the Agent and other brokers. The transaction is oversubscribed. 
