WHITE SULPHUR SPRINGS, Mont., Nov. 11, 2026 (GLOBE NEWSWIRE) -- Sandfire Resources America Inc. ("SandfireAmerica" orthe"Company") announces that it has entered into a seventh variation agreement (the "Seventh Variation") to its bridge loan agreement, as amended (the “Bridge Loan”) with Sandfire BC Holdings (Australia) Pty Ltd. ("Sandfire BC"), the Company's largest shareholder, and Tintina Montana Inc., a wholly-owned subsidiary of the Company ("Tintina Montana").

Pursuant to the Seventh Variation, the amount available to be borrowed under the Bridge Loan will be increased from an aggregate of up to US$65.3 million to an aggregate of up to US$77.4 million through one or more advances and the latest maturity will be extended from December 31, 2026, to December 31, 2027, subject to the terms of the Seventh Variation and the Bridge Loan.

The US77.4 million is comprised of an aggregate principal amount of up to US$68.2 million and interest payable to March 31, 2027, in the amount of US$9.2 million.

All other terms and conditions of the Bridge Loan shall remain in full force and effect, except as amended by the Seventh Variation. No securities of the Company are issuable under the Agreement.

ContactInformation:
Sandfire Resources America Inc.
Nancy Schlepp, VP of Communications
and Government Relations; Corp. Sec.
Mobile: 406-224-8180
Office: 406-547-3466
Email: nschlepp@sandfireamerica.com

CautionaryNoteRegardingForward-LookingStatements:Certaindisclosuresinthisdocumentconstitute "forwardlookinginformation"withinthemeaningofCanadiansecuritieslegislation,includingstatements regardingtheAgreement,theCompany'sfinancingoptions,andexpectedoutcomes.Inmakingthese forward-lookingstatements,theCompanyhasappliedcertainfactorsandassumptionsthattheCompany believesarereasonable,includingthattheCompanywillreceiverequiredregulatoryapprovals,andthatthe Companywill be able tosecure additionalfundingtoexecute its plans,However,the forward-looking statementsinthisdocumentaresubjecttonumerousrisks,uncertaintiesandotherfactors,includingdelays inobtainingorinabilitytoobtainrequiredgovernmentorotherregulatoryapprovalsorfinancing.There canbenoassurancethatsuchstatementswillprovetobeaccurate,andactualresultsandfutureeventscould differmateriallyfromthoseanticipatedinsuchstatements.Readersarecautionednottoplaceundue relianceonforward-lookingstatements.TheCompanydoesnotintend,andexpresslydisclaimsany intentionorobligationto,updateorreviseanyforward-lookingstatementswhetherasaresultofnew information,futureeventsorotherwise,exceptasrequiredbylaw.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policiesof the TSXVenture Exchange)acceptsresponsibilityfortheadequacyoraccuracyof thisrelease.