New Risk • Jul 20
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 Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (61% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.56m market cap, or US$3.26m). Announcement • Jul 14
Mink Ventures Corporation Completes Phase Two Drilling At Warren Project Mink Ventures Corporation announced it has completed two drill holes (477 meters) to drill test two VTEM Maxwell Plate anomalies outlined at its Warren property for potential nickel (Ni), copper (Cu), cobalt (Co) mineralization. Core logging has just been completed and sampling of mineralized intervals is well underway. Results from assays will be reported upon receipt of results, which are anticipated towards the end of August. In mid-December, preparation of the winter access road into the northern portion of the Warren property will begin in anticipation of the Phase 3 drilling program, which will drill test three, new VTEM targets proximal to historical drill hole ML-1 which returned 0.84% Cu over 4.3 meters. Mink’s Warren Project is hosted within the Kamiskotia Gabbro Complex (KGC) and is thought to be broadly equivalent to the Montcalm Gabbro Complex (MGC) but separated by a granitic arch. The MGC hosts the former Montcalm Mine which produced approximately 3.93 million tonnes grading 1.25% Ni, 0.67% Cu and 0.05% Co (OGS, Atkinson, B., 2010). Gabbro complexes such as MGC and KGC are known to be prospective for magmatic nickel copper sulphide deposition as demonstrated by the Montcalm Mine located within the MGC. The Warren property complements Mink’s Montcalm property due to the distinctly similar prospective geological environments found in the MGC and the KGC, as well as the presence of significant Cu Ni zones on the Warren Property. The Warren Property also hosts a felsic volcanic package along the western edge of the KGC with some significant copper mineralization. This volcanic package represents a second target area of interest with potential to host copper zinc volcanogenic massive sulphide (VMS) deposits. Announcement • Jun 19
Mink Ventures Corporation Initiates Drill Program At Warren Ni Cu Co Project and Reports Drilling Results Mink Ventures Corporation announced it has entered into a drill contract for its Warren Ni Cu Co project, located approximately 35 km west of Timmins, Ontario, to begin phase 2 of its 2026 exploration program a few weeks ahead of schedule. Phase 2 will test two VTEM targets. The Maxwell Plate study of these two targets recommended 420 meters of drilling to test for nickel copper bearing magmatic nickel sulphide. Mobilization of the drill is imminent and therefore, the Company will not be proceeding with the remainder of the non-brokered private placement announced May 12, 2026. The private placement raised gross proceeds of $881,920. The presence of nickel, copper, and cobalt mineralization within a massive sulphide zone in the recent 2026 drilling on the A Zone at Warren, supports the potential for the deposition of larger magmatic sulphide zones across the property. In May, Mink, acquired new airborne data which covers the western portion of the property where VTEM coverage was incomplete. VTEM survey data and Maxwell Plate analysis identified eight, brand new, high priority drill targets that are fully permitted and drill ready. VTEM can penetrate up to 500 meters and can better define potential massive sulphide mineralization targets similar to the mineralized zone intersected on the A Zone. Recent drilling at A Zone returned 7.1 meters of 0.44% Ni, 0.28% Cu and 0.06% Co; including a higher-grade intercept of 4 meters of 0.58% Ni, 0.18% Cu and 0.08% Co. Upon completion of phase 2 drilling at Warren, the Company plans to initiate a drill program at its Montcalm Ni Cu Co Project. This is expected to begin in late August or early September, subject to ground conditions for access at that time. In mid-December, preparation of the winter access road into the Warren property will begin in anticipation of the phase 3 drilling program, which will drill test three new VTEM targets proximal to historical drill hole ML-1 which returned 0.84% Cu over 4.3 meters. 
