Mr. Farshad Shirvani reports

CASA MINERALS COMMENCES INAUGURAL DIAMOND DRILLING AT THE ARSENAULT COPPER-GOLD-SILVER PROJECT, BRITISH COLUMBIA

Diamond drilling has commenced at Casa Minerals Inc.'s Arsenault copper-gold-silver volcanogenic massive sulphide (VMS) project, located in the Jennings River area of Northern British Columbia, approximately 130 kilometres east-northeast of Atlin, B.C., near the Yukon border. This is the first drilling ever carried out by Casa at Arsenault and one of the first modern drill tests of the Arsenault VMS system.

First hole of the inaugural program

The first hole of the program is collared on IP survey Line 15E at UTM co-ordinates Easting 347,110 metres east and Northing 6,632,206 m north (UTM zone 9N). The hole is oriented at an azimuth of 045 degrees (north 45 degrees east) with a dip of negative 85 degrees -- a near-vertical attitude selected to intersect, at relatively shallow depth, the subvertical chargeability and resistivity feature defined by the company's 2025 ground induced polarization (IP) survey. The collar is positioned directly over a first-priority IP anomaly characterized by strong chargeability and low-to-moderate resistivity, coincident with an interpreted fault/contact -- the geophysical signature the company considers most prospective for massive sulphide mineralization on the property.

Basis of drill targeting

Drill targets for the inaugural program were generated by integrating property-scale geological mapping, surface rock and soil geochemical sampling, the company's large database of historic exploration data, the 2017 airborne VTEM survey that originally outlined five VMS targets on the property and -- most importantly -- the three-dimensional inversion products of the 2025 ground IP survey. The company's technical team ranked the resulting anomalies on the combined strength of chargeability, resistivity, structural setting and geological/geochemical support, and has schedulled the first holes of the program on the highest-ranked targets. The first-priority targets exhibit strong chargeability responses coincident with low resistivity, a combination characteristic of, though not diagnostic of, massive sulphide mineralization.

2025 Alpha IP survey and results

The 2025 program, completed by Simcoe Geoscience Ltd. between Sept. 1 and Sept. 24, 2025, employed the Alpha IP wireless time-domain distributed IP system using a dipole-pole-dipole array configuration with 100-metre station spacing and 200-metre line spacing. Fifteen profiles were acquired for a total of 34.5 line kilometres, with a depth of investigation of 500 metres or more. The survey was designed to map chargeability and resistivity features associated with potential copper, gold and silver mineralization in the Big Salmon volcano-sedimentary sequence that hosts the Arsenault VMS system.

The survey identified 71 discrete anomalies: 29 first-priority targets exhibiting strong chargeability and low resistivity; 24 second-priority targets with moderate chargeability and resistivity; and 18 deeper-seated third-priority anomalies, some of which appear to be depth extensions of the shallower targets. Six northwest-southeast-trending anomalous corridors were identified, following the regional structural grain and associated with interpreted faults and geological contacts. A major inferred fault running through the centre of the survey area separates a southwestern domain of strong to moderate chargeability coincident with low resistivity -- considered prospective for VMS-style mineralization -- from a northeastern domain of moderate to weak chargeability coincident with moderate to high resistivity.

Permitting and program logistics

Drilling is being conducted under the company's five-year area-based exploration permit issued by the British Columbia Ministry of Energy, Mines and Low Carbon Innovation in June, 2024. The permit authorizes up to 80 line kilometres of ground geophysical surveying and drilling from 30 helicopter-accessed drill sites. The permitting process included consultation with the Teslin-Tlingit First Nation and the Taku River Tlingit First Nation, within whose traditional territories the property is located, and incorporates provisions for environmental protection. The program is helicopter-supported with personnel accommodated in a temporary camp, and all environmental and social protocols are being strictly observed.

Program supervision and quality assurance

The drill program is being supervised by a qualified person, who is responsible for the supervision of drilling operations, custody of drill core, and the management of core records and sampling. Core will be logged, photographed and sampled in accordance with industry-standard QA/QC (quality assurance/quality control) procedures; one-half of each sampled interval will be submitted to an independent, ISO-certified commercial analytical laboratory, with the remaining half retained in secure storage. Assay results will be released following receipt, verification and compilation.

Management commentary

"This is an exciting and significant milestone for Casa," commented Farshad Shirvani, president, chief executive officer and director of Casa Minerals. "The drill is the ultimate arbiter of truth in this business, and it will tell us what we need to know. Our responsibility is to give it the best possible chance. By bringing together our geological mapping, surface sampling, the historic airborne electromagnetic data and, most importantly, the three-dimensional inversion of the 2025 IP survey, we have ranked and selected our strongest targets and will test those first. There are many more anomalies on this property, but this is a great place to start. What we have learned from applying 3-D IP to our other discoveries is what gives us confidence in the ranking of these targets, and we look forward to reporting results."

About the Arsenault project

Arsenault comprises 9,672 hectares (23,653 acres) in the Jennings River area of northwestern British Columbia and is a VMS prospect first identified in 1947. The property hosts the historic Arsenault VMS zone and a 2017 airborne VTEM survey outlined five VMS targets, including four previously unknown target areas. Mineralization identified on the property includes bornite, chalcopyrite and pyrite, with considerable gold and silver values accompanying the copper. Historic work has reported rock assays from the VMS zone of up to 1.74 per cent copper, 0.98 gram per tonne gold and 24.1 g/t silver, and copper-in-soil values of up to 0.54 per cent. These historic values are reported for context only and have not been verified by a qualified person. Casa holds an option to acquire a 75-per-cent interest in the Arsenault property.

Cautionary notes

The geophysical anomalies described in this news release are interpreted responses of the subsurface to the induced polarization and resistivity survey and do not necessarily represent mineralization, mineral grade or the full extent of any mineralized body. Anomalies of similar response amplitude may be produced by non-mineralized geological, structural and mineral assemblages. The presence of an anomaly is not a guarantee that drilling will intersect mineralization of economic interest.

The historic assay values, production figures and exploration results referenced in this news release were obtained from available archives and have not been confirmed or verified by the company or by a qualified person. They are disclosed solely for context, do not conform to current National Instrument 43-101 standards and should not be relied upon. The Arsenault project does not currently host any mineral resource or mineral reserve estimated in accordance with NI 43-101, and there is no assurance that exploration will result in the identification of an economically viable mineral deposit.

Qualified person

Erik Ostensoe, PGeo, a director and chief geologist of the company and a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure in this news release.

About Casa Minerals Inc.

Casa Minerals is engaged in the acquisition, exploration, and development of mineral properties located in Canada and the United States. Casa owns a 90-per-cent interest in the historic Congress gold mine (Arizona, U.S.) and owns a 100-per-cent interest in the polymetallic Pitman and Keaper properties (B.C., Canada). The company also holds an option to acquire a 75-per-cent interest in the Arsenault copper-gold-silver VMS property (B.C., Canada). Casa's management team has a record of discoveries in the exploration sector and is committed to creating shareholder value through the discovery and development of economic mineral deposits.

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