Mr. William Wulftange reports

BARKSDALE RESOURCES COMPLETES REQUIRED DRILLING CAMPAIGN

Barksdale Resources Corp. has completed its required 7,620 metres (25,000 feet) of drilling and $6 million defined expenditures that entitles it to acquire an initial 51-per-cent interest in the Sunnyside project.

The company can trigger the acquisition of 51 per cent by making payments of $1-million cash and five million Barksdale shares to Regal Resources USA any time before September, 2025. Once triggered, the company has 20 days to decide whether it will stay at 51-per-cent ownership or increase its interest to 67.5 per cent by going to phase 2, which requires another 7,620 metres of drilling, payment of an additional $550,000 cash and the issuance of another 4.9 million common shares to Regal within two years of triggering the original 51 per cent.

The company has already spent $6-million of the additional, defined expenditure ($12-million cumulative) on the property required under the agreement to increase its ownership interest to 67.5 per cent. The Barksdale board is currently debating the merits of remaining at 51 per cent or increasing to 67.5 per cent as Regal has been delisted since 2016. The company anticipates making this decision by June 30, 2025.

The Sunnyside project is approximately 26 kilometres (16 miles) northeast of Nogales, Ariz., in the Patagonia mountain range.

Barksdale interim chief executive officer William Wulftange said: "Surpassing the phase I drill footage earn-in requirement to maintain 51-per-cent ownership while testing the near-surface porphyry intrusive located solely on the Sunnyside project are two significant accomplishments the Barksdale team has made in early 2025. We believe that the Sunnyside project hosts more than the downdip extensions of South 32's Taylor and Peake deposits. Results from this recent round of drilling will begin to support this belief."

Near-surface copper-base metal porphyry drill program

The spring 2025 drill program is focused on testing surficial volcanics and the underlying intrusive porphyry lithologies known to host shallow manto- and porphyry-style copper and base metal deposits, as described in an internal ASARCO summary report dated July, 1993. This report identifies three targets, including: "... a deep chalcopyrite zone, a shallow upper-level chalcocite zone in breccias above the Sunnyside zone and deep carbonate lead-zinc-silver in sediments."

Considering the extensive surficial alteration, previous drill intercepts and known copper mineralization at the Sunnyside project, a three-hole exploration program was designed and carried out to initiate definition of this near-surface target.

Visual analysis by stereomicroscopy of the chips from the RC (reverse circulation) drill program shows extensive alteration and mineralization in all three drill holes, consistent with the company's geologic model. The drill program collared in felsic volcaniclastic rock with the quartz-monzonite and monzonite porphyry intrusions encountered at depth. The contact between these rock types appears to be either a steep paleo-topography, unconformable surface, or faulted and veined, suggesting it was once a conduit for hydrothermal fluids.

Alteration observed in the three holes varied from argillic dominant in volcaniclastic rocks to intense quartz-sericite-pyrite with silicification and quartz veins present in the intrusive rocks. Both rock types contained narrow potassic zones.

Mineralization within the porphyritic intrusive includes several per cent disseminated sulphide with quartz-sulphide veins; the sulphide primarily consists of pyrite but also contains chalcocite and chalcopyrite, along with minor sphalerite and galena.

The completion of this drill program brings the total drilled footage from the 2023, 2024 and 2025 drill programs to 7,936 metres (26,038 feet), thus completing the required 7,620 metres (25,000 feet) of drilling as part of the earn-in agreement with Regal. Sulphide dominant intervals from the three holes have been sent to American Assay Lab in Sparks, Nev., for ICP analysis. Initial results are expected by the end of May, 2025.

Next phase of drilling

The company remains in discussions with a global drilling company to complete some or all the next phase of drilling at Sunnyside for either equity or a combination of equity and cash. The plan would be designed to test both downdip extensions of South 32's Taylor and Peake deposits and to follow up on the potential positive results on the near-surface porphyry intrusive. Barksdale expects this next drill phase planning to be completed in conjunction with the decision to trigger the 51-per-cent ownership interest and the decision on whether to increase the company's ownership to 67.5 per cent

Barksdale begins the Fast-41 application process

Given the recent positive changes toward the role and importance of mining strategic metals such as copper, zinc and antimony by the new U.S. administration and the acceptance of the Taylor/Hermosa project into the Fast-41 process, Barksdale has begun the Fast-41 application process to expedite permit approvals and records of decision.

The Fast-41 process is legislatively establish for improving federal agency co-ordination and timeliness of environmental reviews for infrastructure projects.

Corporate update

Ira M. Gostin, MBA, APR, of Reno, Nev., an independent adviser to the company, has been hired to lead Barksdale's investor relations outreach for the company. He is an award-winning, veteran investor relations and strategic communications executive with extensive experience in the mining sector. Mr. Gostin begins with a six-month contract with the company, which began on May 1, 2025.

Mr. Gostin will be paid a fee of $10,000 (U.S.) per month and provide oversight for all investor relations, marketing, communications and social media functions for the company.

He will be focused on delivery of both retail and institutional outreach strategies as the company grows its resource base through ownership of the Sunnyside project and successful continuing drill results.

Management option awards

The company announced it has granted stock options to certain directors, officers, employees and consultants of the company to acquire an aggregate of 2.45 million common shares in the capital of the company, pursuant to the company's stock option plan. The stock options are each convertible into a common share at an exercise price of 12 cents until May 9, 2028. With respect to vesting provisions, a total of one-third of the stock options vest on May 9, 2025, one-third on the date that is six months from the grant date, and the final one-third on the date that is 12 months from the grant date.

Qualified person

William Wulftange, a qualified person under National Instrument 43-101, has reviewed and approved the technical content of this release. He is interim chief executive officer and a director of Barksdale.

About Barksdale Resources Corp.

Barksdale is a base metal exploration company headquartered in Vancouver, focused on the acquisition, exploration and advancement of highly prospective base metal projects in North America. Barksdale is currently advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects, both of which are in the Patagonia mining district of southern Arizona, as well as the San Javier copper-gold project in central Sonora, Mexico. The company was named an OTCQX Best 50 company in 2023.

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