Mr. Saf Dhillon reports

BAYRIDGE RESOURCES ADVANCES COMMUNITY ENGAGEMENT AHEAD OF 2026 PROGRAM AT THE BAKER LAKE URANIUM PROJECT, NUNAVUT

Bayridge Resources Corp. has provided an update on recent corporate activities completed in Baker Lake, Nunavut, in advance of its proposed 2026 early-stage exploration program at its Baker Lake uranium project, located approximately 65 kilometres southeast of the community in the Kivalliq region.

The first major community engagement program was conducted from March 10 to March 13, 2026, by Mark Richardson, vice-president of exploration, and Kasey Stone, community engagement lead. The purpose of the visit was to engage with local stakeholders, share information regarding the proposed program and gather community input prior to the commencement of field activities.

"We are committed to meaningful and early engagement with the Baker Lake community as we advance the project," said Mr. Richardson. "The feedback we received during our recent visit was invaluable and has already informed our planning, including the decision to exclude areas identified as important to the community. We appreciate the openness of the discussions and look forward to continuing an open discussion with all key stakeholders."

Community information session

On the evening of March 11, 2026, the company hosted a public information session at the Baker Lake Community Hall, which was attended by more than 100 community members.

The session provided an opportunity for community members to learn about the proposed program, ask questions and provide feedback. An Inuktitut interpreter was present to ensure accessibility of information. Community members were also invited to review project maps and provide input on land use and areas of concern.

Continuing engagement

In addition to formal meetings, the company engaged with community members through informal discussions during the visit to further understand local perspectives. Feedback received will be considered in the planning and execution of the proposed 2026 program.

"It was important for us to be in the community early, before any work takes place, to listen and learn directly from local knowledge holders," said Ms. Stone. "The conversations we had both in formal meetings and with community members will play an important role in shaping how we move forward. We are committed to maintaining open and transparent communication throughout all stages of the project."

Regulatory update

The project has now entered the screening phase with the Nunavut Impact Review Board (NIRB). Community engagement is a key component of the regulatory process, and the company will continue to engage with local organizations and stakeholders as the review progresses.

Mark Richardson, PGeo, vice-president of exploration, is the qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this release.

About Bayridge Resources Corp.

Bayridge Resources is a green energy company advancing its portfolio of Canadian uranium projects. The 51-per-cent-owned Baker Lake uranium project consists of 83 contiguous claims in the Kivalliq region of Nunavut, covering 619 square kilometres. Exploration has defined a 75-kilometre unconformity with multiple uranium targets, supported by modern drilling and airborne geophysical surveys. Bayridge has also earned a 40-per-cent interest in the 1,337-hectare Waterbury East project, which is located 25 kilometres northeast of the Cigar Lake mine in the northeastern Athabasca basin region. Geophysical surveys have identified a seven-kilometre-long conductivity corridor where mid-2000s drilling highlighted faulted and altered basement rock with local uranium enrichment. Large sections of this corridor remain untested.

We seek Safe Harbor.