Mr. Conan McIntyre of Churchill reports

CHURCHILL ANNOUNCES TSXV APPROVAL OF GOLDEN BAIE OPTION AGREEMENT

Further to the news releases dated Feb. 17 and March 23, 2026, the TSX Venture Exchange has approved Churchill Resources Inc.'s previously announced definitive option agreement with Canstar Resources Inc. whereby Churchill has the option to acquire a 100-per-cent undivided interest in certain mining claims comprising the Golden Baie antimony-gold property located in central Newfoundland.

Pursuant to the terms of the option agreement, the company today issued 15,834,097 common shares to Canstar and made a cash payment of approximately $208,167 in respect of the option to cover existing cash bonds on the Golden Baie property.

The Golden Baie project

The Golden Baie project is composed of 29 map-staked licences constituting 1,597 claims that in total cover 39,925 hectares or 399.25 square kilometres. The property has good access through its western and central portions with provincial highways 360 and 361 crossing the claim blocks, conveniently within a kilometre of the Swanger's Cove and Le Pouvoir high-grade antimony prospects. The area is serviced by the communities of St. Albans, Milltown and Conne River.

Canstar's work to date has outlined numerous gold-antimony occurrences along a 30-kilometre trend on the main licence block, along with the high-grade Swangers Cove prospect. Gold results from soils, prospecting, trenching and drilling are equally compelling, suggesting the presence of a very large, outcropping gold-antimony system. Churchill intends to immediately conduct a data deep-dive with the Canstar technical team and advisers to prioritize Golden Baie prospects for 2026 fieldwork plans. The company's successful approach at Black Raven with systematic trenching and channel sampling work, followed by drilling, will be planned for Golden Baie with initiation this coming spring. Additionally, the company plans to launch airborne geophysical surveys at the earliest possible date to augment the existing geophysical database across the entire property.

About Churchill Resources Inc.

Churchill is a Canadian exploration company focused on exploration and evaluation of strategic and critical metals (including gold, silver, antimony and nickel) in Canada, principally at its prospective Black Raven, Taylor Brook and Florence Lake properties in the province of 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 projects have the potential to benefit from Newfoundland and Labrador's large and diversified mineral industry, which includes world-class mines and processing facilities, and a well-developed mineral exploration sector with locally based drilling and geological expertise.

Antimony is designated as a critical mineral by the government of Canada and its G7 allies, and it is an indispensable input for national defence, energy security and various industrial applications, including fire safety. Global antimony supply chains are concentrated among non-market actors and subject to export controls creating unacceptable vulnerability. Immediate and decisive action is needed to repatriate production to Canadian and allied soil.

We seek Safe Harbor.