Mr. Mark Luchinski reports

EARTHWISE MINERALS EXTENDS OPTION AT THE IRON RANGE GOLD PROJECT, BRITISH COLUMBIA

Earthwise Minerals Corp. has received a six-month extension of the option agreement on the Iron Range project, located approximately 16 kilometres northeast of Creston in southeastern British Columbia. In consideration for the option extension, Earthwise will issue 100,000 common shares to the optionor, Eagle Plains Resources Ltd. As a result of the extension, the company's first-year commitment under the option is now due on Aug. 26, 2026.

Terms of the option agreement

To exercise the option, Earthwise must make a series of cash payments and share issuances to Eagle Plains and finance exploration expenditures on the project. These payments, share issuances and expenditures are separated into two phases, with the first option entitling the company to acquire a 70-per-cent interest in the project by paying $250,000, issuing an aggregate of 1.5 million common shares to EPL and funding $4-million in exploration expenditures on the project by over a four-year term. Pursuant to the second option (if elected by Earthwise), the company may acquire an additional 10-per-cent interest in the project (for an 80-per-cent total interest) by notifying Eagle Plains of its intent to increase its interest to 80 per cent, making an additional one-time payment of $1-million cash and completing a bankable feasibility study on the property prior to the eighth anniversary of the option.

If either the first option or the second option is exercised, a 2-per-cent smelter returns royalty will be granted to Eagle Plains over the entire property, 1 per cent of which may be repurchased for $1.5-million.

Eagle Plains will serve as operator under the terms of the option and will reserve the right to use TerraLogic Exploration Inc. as geoscience consultant. Following the exercise of either the first option or the second option, Earthwise and Eagle Plains shall then form a 70/30 or 80/20 joint venture (JV) to further explore and develop the property.

Geological overview

The Iron Range project is located on the western flank of the Proterozoic Purcell Anticlinorium and is underlain by Aldridge formation metasedimentary rocks within a district-scale hydrothermal system. The property is influenced by major structural corridors associated with iron-oxide brecciation, shear-hosted gold and polymetallic mineralization. Within this framework, the Talon zone is interpreted as a multiphase, structurally focused breccia/vein system hosting Ag-Au-Pb-Zn-Cu (silver-gold-lead-zinc-copper) mineralization within silica-K-feldspar-carbonate altered rocks.

Regional geological comparison

Iron Range shares strong geological similarities with the Sullivan mine, located approximately 70 kilometres northeast. These include the presence of Aldridge formation stratigraphy, Sullivan-time laminated horizons, vent-proximal fragmental rocks, and a Pb-Zn-Ag plus or minus Au plus or minus Cu metal suite. While the Talon zone represents a structurally focused polymetallic system rather than classic stratiform SEDEX mineralization, the metal association and structural setting are consistent with large-scale hydrothermal systems active within the Purcell basin.

Infrastructure

The project benefits from excellent infrastructure, including:

• Canadian Pacific Railway mainline crossing the property;
• Highway 3 access directly through the claim block;
• High-voltage transmission line and high-pressure natural gas pipeline on site;
• Extensive forest service road network;
• Approximately 133 kilometres by road from Teck's Trail smelter.

These advantages support efficient field operations, cost-effective drill deployment and enhanced future development potential.

Historical work summary

Exploration at Iron Range began in 1897 with the discovery of iron-oxide showings. Cominco's mid-20th century work included trenching and shallow drilling, followed by SEDEX-focused mapping, soil geochemistry and UTEM surveys in the 1980s. Junior explorers in the 1990s recognized SEDEX-style fragmental units and IOCG-style alteration.

Eagle Plains acquired the property in 1999 and has since completed extensive airborne geophysical surveys (VTEM, ZTEM and gravity), structural mapping, large soil geochemical programs and multiphase drilling that led to the discovery of high-grade gold at O-Ray, the Talon polymetallic system and Sullivan-style mineralization at Car and IR05-03. Subsequent work (2013-2017) refined priority targets and established induced polarization (IP) anomalies at Talon that remain untested at depth.

Earthwise management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the subject properties.

Granting of incentive stock options

Earthwise announces that its board of directors has approved the granting of 1,075,000 incentive stock options to senior executives, directors and consultants of the company. The options grant the holder the right to purchase common shares in the capital of the company at a deemed price of five cents per common share. The options vest immediately and expire on Jan. 6, 2031.

Change in management

Earthwise Minerals announces the resignation of George Yordanov as vice-president of exploration and a director of the company, effective immediately. Earthwise wishes to thank Mr. Yordanov for his contributions to the company.

Qualified person

Charles C. Downie, PGeo, a qualified person for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and an officer and director of Eagle Plains, has reviewed and approved the scientific and technical disclosure in this news release.

About Earthwise Minerals Corp.

Earthwise Minerals is a Canadian junior exploration company focused on advancing the Iron Range gold project in southeastern British Columbia near Creston, B.C. The company holds an option to earn up to an 80-per-cent interest in the fully permitted project, which is road-accessible and situated within a prolific mineralized corridor. The property covers a 10-kilometre-by-32-kilometre area along the Iron Range fault system and hosts multiple high-grade gold showings and large-scale geophysical and geochemical anomalies.

We seek Safe Harbor.