Mr. William Wulftange reports

BARKSDALE ANNOUNCES CLOSING OF $5 MILLION PRIVATE PLACEMENT TO ADVANCE SUNNYSIDE EXPLORATION TOWARDS 67.5% OWNERSHIP

Barksdale Resources Corp. has closed its private placement of 55,545,744 units of the company at a price of nine cents per unit for gross proceeds of $4,999,117. As previously disclosed, each unit of the offering comprises one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share of the company at an exercise price of 15 cents until Feb. 19, 2028.

The offering provides funding for and enables completion of the phase II drill campaign at the Sunnyside project, as well as funds to cover the phase II earn-in payment to Great Basin Metals Inc., continuing corporate expenses, and geochemical and/or geophysical projects currently under review for the Sunnyside and San Javier projects.

The company had engaged Medalist Capital Advisors Inc. as its exclusive finder to assist with the offering and has paid a 6-per-cent commission to the finder in the form of 1,434,780 finders' units. In addition, the company has paid an advisory fee to Medalist Capital Ltd., an affiliate of the finder, in the form of 1.56 million units. Each finder's unit and adviser's unit, issued at a deemed value of nine cents, also comprises one common share of the company and one-half of one warrant, whereby each finder's warrant and adviser's warrant entitles the holder thereof to purchase one common share of the company at an exercise price of 15 cents until Feb. 19, 2028.

All securities issued or issuable in connection with the offering are subject to a statutory hold period expiring June 20, 2026, being the date that is four months and one day from the date of issuance. The offering remains subject to the receipt of the final acceptance of the TSX Venture Exchange.

Certain insiders of the company participated in the offering. The participation by insiders constitutes a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor the consideration for the securities paid by such insiders, exceeds 25 per cent of the company's market capitalization. The company did not file a material change report in respect of the related party transactions at least 21 days before the closing of the offering, which the company deems reasonable in the circumstances in order to complete the offering in an expeditious manner. The offering had been unanimously approved by the company's board of directors.

Further to the company's news release of Feb. 11, 2026, the company plans to raise $932,585 on a private placement basis from Crescat Capital LLC, a strategic investor in the company, through the issuance of 8,478,049 units of the company at a price of 11 cents per investor unit. Each investor unit will comprise one common share of the company and one-half of one common share purchase warrant. Each investor warrant will entitle the holder thereof to purchase one common share of the company at an exercise price of 15 cents for a period of two years following the closing of the unit offering. The unit offering remains subject to the acceptance of the exchange.

About Barksdale Resources Corp.

At Barksdale, the company's mission is to drive long-term shareholder value through the strategic acquisition, exploration and advancement of high-quality critical, base and precious metal projects across the Americas.

The company is focused on the metals essential to the global energy transition and modern infrastructure -- particularly copper, zinc and other critical minerals -- at a time when secure, domestic and regional sources are more important than ever.

With a sharp focus on critical metals and a commitment to responsible growth, Barksdale is positioned to play a key role in meeting tomorrow's resource needs.

We seek Safe Harbor.