21:17:50 EDT Thu 29 Oct 2026
Enter Symbol
or Name
USA
CA



BRS Resources Ltd (2)
Symbol BRS
Shares Issued 33,502,395
Close 2026-10-28 C$ 0.35
Market Cap C$ 11,725,838
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BRS Resources appoints Vargas as head geologist

2026-10-29 19:20 ET - News Release

Subject: BRS Resources Ltd. Word Document

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BRS Resources and Canson Mining Group Appoint Geo. Hugo Vargas as Head Geologist and Head of Mexico Operations; Provides Exploration & Assay Update for La Guadupana Project

Vancouver, BC - October 29, 2026 - BRS Resources Ltd. (CSE: BRS / Frankfurt: B4G) ("BRS" and the "Company") and its Mexican division, Canson Mining Group SA de CV ("Canson Mining") are pleased to announce the official appointment of seasoned economic geologist Geo. Hugo Vargas as Head Geologist and Head of Mexico Operations, effective immediately. In his new executive operational role, Mr. Vargas will spearhead field execution, resource expansion, and daily management across the district-scale La Guadalupana project in Yecora, Sonora, Mexico.

Expanding Technical Leadership: Hugo Vargas & Allan Schappert

Bringing over 24 years of extensive geological experience in mineral exploration and mine production throughout Mexico, Canada, and the USA, Mr. Vargas joins BRS and Canson Mining with a stellar background spanning greenfield discovery to brownfield epithermal gold-silver production (including tenure with Alamos Gold, Kimber Resources, and major regional operators).

Mr. Vargas will be working directly in close collaboration with Allan L. Schappert, CPG, SME-RM, Principal of ALS Geo Resources and Lead Qualified Person (QP) for BRS. Mr. Schappert brings over 40 years of premier resource modeling, geostatistics, and NI 43-101 / S-K 1300 compliance expertise-recently recognized in the Maptek Vulcan Hall of Fame. The combination of Mr. Vargas's hands-on Mexican operational mastery and Mr. Schappert's world-class resource estimation capabilities establishes a formidable technical team driving BRS's exploration campaigns forward.

La Guadalupana Project & Ongoing Diamond Drill Sampling Program

Concurrently, BRS and Canson Mining confirm that active surface and subsurface exploration continues at the La Guadalupana project. The field team has successfully executed ongoing diamond core sampling utilizing our backpack-portable Shaw diamond core drill rig, extracting high-integrity 37mm core samples across priority epithermal structures within our 947.7368-hectare concession block.

Fresh core samples from recent operational intervals have been meticulously logged, packaged, and formally dispatched to Skyline Assays and Laboratories in Tucson, Arizona for rigorous multi-element geochemical analysis and fire assaying. Management anticipates receiving high-priority assay results shortly, which will inform our upcoming 3D magnetic inversion models and maiden drill target optimization.

Field Operations & Core Photography

The following photographs document recent fieldwork, core sampling, and geological logging activities across the La Guadalupana project site:

Executive Commentary

Jason R. Hylton-Foster, Vice President of Business Development and Investor Relations at BRS Resources, stated: "Appointing Hugo Vargas to lead our Mexican operations alongside our Qualified Person, Allan Schappert, gives BRS an elite technical advantage in the Sierra Madre Occidental. With fresh diamond core samples currently undergoing assay at Skyline in Tucson and our district-scale epithermal targets shaping up rapidly, BRS is exceptionally well-positioned to unlock major value. Today's questions, tomorrow's gold."

About BRS Resources Ltd. & Canson Mining Group

BRS Resources Ltd. is a North American mineral exploration company focused on acquiring and developing high-potential precious and base metal assets across tier-one jurisdictions, dual-listed on the Canadian Securities Exchange (CSE: BRS) and Frankfurt Stock Exchange (Frankfurt: B4G). Canson Mining Group SA de CV directs our primary operational, concession management, and exploration activities in Sonora, Mexico.

ON BEHALF OF THE BOARD

BRS Resources Ltd.

Byron Coulthard

President and CEO

Phone: 604.657.7004

Email: byron@brsresourcesca.com

Website: www.brsresourcesca.com

For further information, please contact:

Jason R. Hylton-Foster, VP Business Development & Investor Relations

Email: jason@brsresourcesca.com | Phone: +1 (604) 212-2005 / +1 (480) 504-7273

Web: www.brsresourcesca.com

Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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