Mr. Conan McIntyre reports

CHURCHILL RESOURCES TO COMMENCE FALL DRILLING & TRENCHING PROGRAM AT THE PAST-PRODUCING FROST COVE ANTIMONY MINE

Permits have been approved by the Mineral Lands Division of the Department of Industry, Energy and Technology (IET) for all proposed activities on Churchill Resources Inc.'s Black Raven project at Moreton's Harbour, central Newfoundland, host to the past-producing Frost Cove antimony mine. Major activities are expected to include:

• Trenching and drill pad/access trail preparation by local contractor Small's Construction Ltd. of Twillingate, Nfld.;
• Property-wide airborne lidar (light detection and ranging) surveying by contractor RPM Geospatial of Holyrood, Nfld.;
• Core drilling operations are to commence on Sept. 15 in conjunction with the surface trenches, to define the known mineralization at depth by drilling for the first time and follow the high-grade veins along strike. MCL Drilling of Deer Lake, Nfld., whom the company has worked with for several years, has been contracted for the drilling operations.

The planned delineation programs for the Frost Cove and Stewart mines as well as the Taylor's Room prospect, includes surface trenches across the vein structures at 50-metre intervals, with drill pads every 100 m which can allow for multiple holes at each site. Fall core holes are designed to intersect the target vein structures at about negative 50 m and negative 100 m below surface. Results of these programs should enable the company to begin preparation of initial resource estimates, with Churchill's present intention being to work toward publication before the end of this year.

Churchill is also pleased to report that it has commissioned late September implementation with Stantec Engineering's St. John's office, of baseline environmental monitoring of surface water, hydrology and groundwater. Community information sessions were held twice during August to outline planned exploration, and were well attended, including by MHA Derek Bennett who is Speaker of the House, and two senior managers from the government's exploration approval department at the latest meeting.

The company's core logging and cutting facility is nearing completion, and will be ready for the September operations.

The Black Raven property hosts two past-producing mines dating back to the late 1800s, the Frost Cove antimony mine and the Stewart gold mine which returned antimony grades of 35.1 per cent and gold grades of 14.4 grams per tonne, respectively (see release of June 12, 2025). Black Raven is located approximately 60 kilometres northwest of Gander and approximately 100 km north of the Beaver Brook antimony mine, currently on care and maintenance.

Antimony: a critical mineral in high demand

Antimony is a critical mineral essential for national security and modern technology, with over 90 per cent of global production controlled by China, Russia and other non-Western jurisdictions. It is a vital component in military applications, while also being crucial for certain flame retardants, strengthening alloys in batteries and emerging energy storage technologies. Antimony is essential to a Fortress North America approach to critical mineral supply chains and making domestic North American sources increasingly important for economic and national security.

About Churchill Resources Inc.

Churchill Resources is a Canadian exploration company focused on strategic, critical minerals in Canada, principally at its prospective Black Raven, Taylor Brook and Florence Lake properties in Newfoundland and Labrador. The Churchill management team, board and advisers have decades of combined experience in mineral exploration and in the establishment of successful publicly listed mining companies, both in Canada and around the world. Churchill's Newfoundland and Labrador projects have the potential to benefit from the province's large and diversified minerals industry, which includes world-class nickel mines and processing facilities, and a well-developed mineral exploration sector with locally based drilling and geological expertise.

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