Mr. Fiore Aliperti reports

ETRUSCUS ADVANCES HENDRIX REE TARGET AT PHENO PROPERTY

Etruscus Resources Corp. has released surface rock sampling results from its 2025 exploration program at the Hendrix rare earth element (REE) target on the Pheno property, located immediately to the north of the company's 100-per-cent-owned Rock & Roll property in British Columbia's prolific Golden Triangle.

Highlights:

• A total of 83 rock samples were taken across the approximately five-kilometre-wide peralkaline volcanic complex, returning the three highest-grade REE rock samples to date at Pheno.
• Assays have demonstrated significant enrichment in neodymium and dysprosium, two of the most sought-after REE due to their unique magnetic properties and use in electric motors.
• These results build on the 2024 program by advancing the understanding of grade distribution and outlining a number of REE-bearing dikes.
• A four-metre-wide-by-70-metre-long dike (remaining open where it plunges beneath ice) returned an average of 0.39 per cent total rare earth oxides (TREO) from six grab samples.
• Continued research confirms that the closest analogues deposit is Round Top, located in Texas, owned by USA Rare Earths, with a market capitalization of over $2-billion (U.S.).
• The Hendrix target contains a significantly above average ratio (0.30) of heavy REEs versus light REEs. Heavy REEs are scarcer globally, critical for modern technologies and economically more significant.
• An increased appetite for critical minerals from North American sources is becoming evident through multiple government-backed initiatives and tightening Chinese export restrictions.

Fiore Aliperti, Etruscus Resources' chief executive officer, stated: "The identification of multiple REE-bearing dikes at Pheno represents an important step forward in advancing this very large target. We are looking forward to returning in 2026 to expand on these results, refine our targeting and continue evaluating this consistently mineralized, near-surface target. With global demand for REEs continuing to increase and supply chains facing heightened geopolitical pressure, we believe exploration-stage REE opportunities in stable jurisdictions are becoming increasingly scarce and important,"

Rock samples

The Hendrix target is a surface-exposed, REE-enriched bulk-tonnage target covering more than five km of horizontal extent. Sampling completed in 2025 has delineated zones of strong REE enrichment within vertically emplaced dikes ranging from approximately 0.5 to four m in width. These dikes have returned between 2,000 and 5,000 parts per million (ppm) TREO from rock grab samples, with a significant value derived from dysprosium, neodymium and terbium. The dikes are hosted within REE-bearing peralkaline tuffs and rhyolites, defining a large volume of rock with elevated REE content and associated critical minerals, including niobium and scandium.

Select samples were also analyzed by whole-rock geochemistry (major elements), supporting lithological classification and indicating a unique, highly evolved felsic system characterized by silica-rich compositions and elevated total alkalis. Geochemical interpretation identifies a positive relationship between zirconium (Zr) and TREO, suggesting that zirconium-bearing accessory phases -- and potentially allanite, monazite and apatite -- may be key hosts or indicators associated with REE enrichment. Magmatic fractionation is interpreted to have played an important role in concentrating REEs, supported by systematic increases in TREO with fractionation indices (Rb/Sr and Zr/TiO2). Petrographic work completed on four samples, primarily from the higher-grade dikes, describes quartz-phyric felsic volcanic rocks with a fine-grained quartz-alkali feldspar groundmass, variably altered to clay/sericite.

Next steps

New technology was implemented in 2025 using a hand-held Geiger counter that provided real-time feedback of detecting gamma rays emitted due to the decay of uranium and thorium in the REE-bearing host rocks. This allowed the team to identify new REE-rich dikes while completing geological traverses. The team looks forward to applying this technology across larger parts of the target in the future and is also evaluating airborne radiometric surveys that could be very useful in isolating further zones of high-grade REE mineralization.

REE global context

REEs remain strategically important to global supply chains due to their role in technologies such as permanent magnets for electric vehicles, wind turbines, advanced electronics and defence applications. Demand is expected to grow, while new discoveries and development timelines remain constrained by permitting, technical complexity and long lead times from exploration through to potential production.

Geopolitical factors continue to influence the REE market, with Western jurisdictions pursuing policies and partnerships aimed at strengthening domestic and allied critical mineral supply chains. In this context, North America and the broader Arctic region, including Greenland, have gained increased visibility as potential contributors to future REE supply, reinforcing the importance of continued exploration and technical evaluation of prospective targets.

QA/QC (quality assurance/quality control) statement

The company has adopted a rigorous quality assurance and quality control (QA/QC) program to ensure best practices in sampling of all rock, soil and silt material. The company's samples are assayed by ALS Geochemistry Labs, which has facilities in Terrace and North Vancouver, B.C. All rock samples were crushed to 70 per cent pass two-millimetre fraction and then a 250-gram split was pulverized to better than 85 per cent passed a 75-micron screen. Multielement analysis for gold copper exploration was performed by ALS using four-acid digestion ICP-MS (inductively coupled plasma mass spectrometry) package (ME-MS61). Gold grades were returned by fire assay (Au-ICP21). Samples that returned above detection limits in silver, copper, lead and zinc were reanalyzed with appropriate ore grade analysis to determine absolute values. For REE samples, a lithium borate fusion analysis was performed using ALS package ME-MS81 for full digestion of REE minerals.

Etruscus undertook an internal QA/QC procedure that involved systematically inserting standard samples at an interval of one out of 10 samples. These included certified reference material, as well as blank samples and duplicates.

ALS is an independent provider of geochemical laboratory services for the exploration and mining industries and is an ISO 17025- (testing and calibration) and ISO 9001- (quality management system) accredited laboratory.

QP (qualified person) statement

Technical aspects of this news release have been reviewed and approved by Stephen Wetherup, BSc, PGeo, who is a qualified person as defined under National Instrument 43-101.

About Etruscus Resources Corp.

Etruscus Resources is a Vancouver-based exploration company focused on the acquisition and development of precious metal mineral properties. The company's flagship asset is the 100-per-cent-owned Rock & Roll property, comprising 23,726 hectares, near the past-producing Snip mine in northwest British Columbia's prolific Golden Triangle, one of Canada's most active and prospective exploration regions. The company is also exploring the Pheno property, a rare earth element target totalling 5,618 hectares, which is contiguous to and immediately north of Rock & Roll.

Etruscus is traded under the symbol ETR on the Canadian Securities Exchange, ETRUF on the OTC and ERR on the Frankfurt Stock Exchange. Etruscus has 64,309,527 common shares issued and outstanding.

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