Ms. Teresa Cherry reports

CORPORATE UPDATE

Black Pine Resources Corp. has appointed Michael Minder to the board of directors of the company following the resignation of Elyssia Patterson, effective Oct. 15, 2026.

Mr. Minder brings a strong background in capital markets and investment banking, where he has held senior roles in asset and wealth management at global financial institutions. He has also served as chief financial officer, executive vice-president, finance, and chief executive officer across multiple technology- and innovation-driven organizations where he has advised public companies on financing, investor relations and growth strategy, bringing deep expertise in financial governance, capital raising and board level oversight.

The officers and directors of Black Pine are composed as follows:

• Drew Martel: chief executive officer and director;
• Teresa Cherry: chief financial officer;
• Joe Devries: director;
• Keturah Nathe: director and secretary;
• Richard Kern: director;
• Huitt Tracey: director;
• Mr. Minder: director.

The company also announces that, subject to Toronto Stock Exchange approval, it has negotiated a settlement with certain creditors for outstanding debts in the aggregate amount of $70,000, subject to acceptance by the TSX Venture Exchange. In accordance with TSX-V policies, the debt will be settled by the issuance of 700,000 common shares at a deemed price of 10 cents per share.

All of the independent directors of the company, acting in good faith, have determined that the fair market value of the securities being issued and the consideration paid are reasonable and are exempt from the formal valuation and minority shareholder approval requirements of Multilateral Instrument 61-101.

The company would like to further clarify the biography of Mr. Martel presented in the news release dated Aug. 7, 2026, to the following biography.

Mr. Martel has been involved with private and publicly listed companies for the past 27 years. Currently, Mr. Martel is the principal of Ramm Communications Corp., a private consultancy firm specializing in advising growth companies in mining, energy and early-stage venture capital companies. Mr. Martel has held positions as corporate development and marketing with Tan Range Resources Co., New Millennium Metals Corp., which merged with Platinum Group Metals Ltd., Kiska Metals Corp., Balmoral Resources Ltd., Mag Silver Corp., Constantine Metals Resources Ltd. and Canagold Resources Corp.

About Black Pine Resources Corp.

Black Pine is a mineral exploration company focused on the acquisition and exploration of mineral properties, and is currently focused on advancing, through drilling and exploration of its Sugarloaf copper project. The Sugarloaf property is composed of 77 unpatented mining claims covering a total of 1,544 acres located 650 metres west of Freeport's secondary copper open pit at the Tyrone mine, New Mexico. Surface sampling completed to date on the Sugarloaf property has delineated an area in excess of 5,000 feet long by 1,000 feet wide of mineralization that assays 0.20 per cent to 0.48 per cent copper and several high-angle shear zones that assay up to 6.29 per cent copper. Induced polarization/resistivity surveys conducted in 1973 and 2022 have identified an apparent sulphide body in the northeast and a peripheral zone with a geophysical signature consistent with a copper oxide blanket that extends to the south around the area of a small open pit. Leaching tests done on samples from the vicinity of the open pit showed potential leachability using sulphuric acid. Black Pine obtained a plan of operation through the U.S. Forest Service and the State of New Mexico to complete a Stage 1 drilling program. Readers are cautioned that the above-mentioned samples are selective and may be biased by nature, and, therefore, are not necessarily representative of the overall grade and extent of any mineralization that could occur on the subject areas of the Sugarloaf property.

The scientific and technical information contained in this news release was reviewed and approved by Richard Kern, BSc, MSc, is a qualified person and a proposed director of the resulting issuer as defined under National Instrument 43-101.

We seek Safe Harbor.