Mr. Karl Trudeau reports

GLEN EAGLE ANNOUNCES ENTRY INTO DEFINITIVE OPTION AND JOINT VENTURE AGREEMENT WITH SPARTON RESOURCES TO EARN A 70% INTEREST IN THE MORRISON SILVER MINE PROPERTY

Glen Eagle Resources Inc. has entered into a definitive option agreement with Sparton Resources Inc. dated Sept. 1, 2026, whereby the company shall have the option to acquire a 70-per-cent interest in the property comprising mineral claims located near the Gowganda area of Ontario, known as the Morrison silver mine property. To exercise the option, the following cash payments are to be made by the company to Sparton, of which the latter two payments are at the discretion of the company:

1. $25,000 as soon as practicable following the effective date of the option agreement and receipt of any required approval of the TSX Venture Exchange;
2. $35,000 on or before the first anniversary of the effective date; and
3. $52,500 on or before the second anniversary of the effective date.

In addition, to exercise the option, the company will have to finance an aggregate of $500,000 in work commitment costs on the Morrison silver mine property comprising $150,000 by the first anniversary, $175,000 by the second anniversary and $175,000 by the third anniversary of the option agreement. The initial $150,000 work commitment is a firm commitment while the subsequent-year commitments apply only if Glen Eagle continues to pursue exercising the option.

In addition, Glen Eagle is to make a $20,000 share-cost compensation payment to Sparton, of which $3,500 has been paid as of the date hereof. Until the option is exercised, Sparton will remain the operator of the Morrison silver mine property and will be entitled to a management fee equal to 10 per cent of applicable work costs. The underlying vendor of the property retains a 2-per-cent net smelter royalty on production from the Morrison silver mine property, of which half of the NSR (1 per cent) may be acquired for $350,000.

Following a successful earn-in and satisfaction or waiver of the applicable earn-in conditions to exercise the option, Sparton and Glen Eagle will form a joint venture with respect to the exploration and development of the Morrison silver mine property whereby the initial participating interests in the joint venture will be 70 per cent for Glen Eagle and 30 per cent for Sparton. The option agreement and joint venture are subject to fulfilment of the conditions in the option agreement, including approval from the TSX Venture Exchange and any necessary regulatory approvals.

Karl Trudeau, president and chief executive officer of Glen Eagle, commented: "Morrison is exactly the kind of asset that gets an exploration team excited -- a past-producing, high-grade silver mine with a documented history of more than 750,000 ounces of production at roughly 25 ounces per ton, and vein systems that were never fully tested with modern methods. This option agreement gives Glen Eagle a direct path to earn into a potentially high-grade Canadian silver system. We are looking forward to putting drills to work alongside Sparton's team and writing Morrison's next chapter."

Lee Barker, president and chief executive officer of Sparton, commented: "Morrison's history of silver production and the amount of work that remains to be done using modern exploration methods makes this an exciting opportunity for both companies. This option agreement provides Sparton with a practical way to advance Morrison while preserving meaningful exposure to the project's upside. Glen Eagle can earn its interest by funding a substantial exploration program while Sparton remains operator during the option period and retains a 30-per-cent interest following a successful earn-in."

Qualified person and cautionary note regarding historical information

A. Lee Barker, MASc, PEng, president and chief executive officer of Sparton Resources, the optionor of the Morrison silver mine property, is a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects), and has reviewed and approved the scientific and technical information contained in this news release.

The historical production, grade, mine development and mineral occurrence information described above is based on historical records and published sources. The company believes this information is relevant; however, a qualified person (as such term is defined under NI 43-101) has not completed sufficient work to independently verify all of the historical information through a current exploration. The company is not treating the historical information as a reliable indicator for a current mineral resource or mineral reserve.

About Glen Eagle Resources Inc.

Glen Eagle is a small producer and an exploration company of precious metals in Canada and Central America.

We seek Safe Harbor.