Mr. Reno Calabrigo reports

BIGHORN METALS ANNOUNCES ANNUAL GENERAL AND SPECIAL MEETING RESULTS, UPDATES USE OF AVAILABLE FUNDS AND MAKES INITIAL PAYMENT FOR MARIETTA PROJECT

Bighorn Metals Corp. has released the results of its annual general and special meeting of shareholders held on Sept. 17, 2026, has provided an update on its use of available funds, and has confirmed payment of the initial lease payment for the Marietta project.

Annual general and special meeting results

At the meeting, shareholders approved all matters submitted for approval, including:

• Fixing the number of directors at four;
• Electing Kevin O'Mahony, Jessa Patterson, Reno J. Calabrigo and Kosta Tsoutsis as directors of the company to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed;
• Appointing Charlton & Company, chartered professional accountants, as auditor of the company for the ensuing year and authorizing the board of directors to fix the auditor's remuneration;
• Approving, by special resolution, an amendment to the company's articles to change the quorum requirement for meetings of shareholders, as described in the company's management information circular dated Aug. 7, 2026; and
• Approving and ratifying the company's new omnibus long-term incentive plan, as described in the circular.

Mr. Tsoutsis, who was appointed to the board on Aug. 27, 2026, after the meeting materials had been distributed, was subsequently nominated and elected as a director at the meeting. The resolution fixing the number of directors was amended at the meeting from three to four and approved by shareholders.

The company's audited financial statements for the fiscal years ended Sept. 30, 2025, and 2024, together with the auditor's reports thereon, were also presented at the meeting.

Further details regarding the matters approved at the meeting are set out in the circular, which is available under the company's profile on SEDAR+.

Update on use of available funds

The company provides an update to the use of available funds disclosure in its prospectus dated June 16, 2026. The prospectus anticipated unallocated working capital of $63,437 and stated that the company did not intend to use any unallocated working capital for investor relations or promotional activities.

During the period ended June 30, 2026, the company recovered a loan receivable, increasing its unallocated working capital. The company has since allocated approximately $150,000 toward investor relations and promotional activities. This amount represents approximately 15 per cent of the company's cash balance of $860,000 as at Aug. 31, 2026. The allocation represents a change from the intended use of unallocated working capital disclosed in the prospectus.

Management considers this allocation reasonable in light of the company's current financial position and anticipated operating requirements. Based on its current budget, management expects the company to have sufficient capital to finance this commitment and meet its other anticipated obligations over the next 18 months.

The company continues to pursue exploration of the Loljuh property, its listing property.

Marietta project

The company also announces that it has made the initial lease payment of $100,000 (U.S.) to MSM Resources LLC pursuant to the lease and option agreement, effective Sept. 3, 2026.

Under the agreement, the company has the exclusive right to explore, and an option to acquire a 100-per-cent undivided interest in, the fee land and patented mining claims comprising the Marietta property, located in the Silver Star mining district in the Excelsior Mountains, Mineral county, Nevada.

The option is exercisable for a cash purchase price of $2.5-million (U.S.), subject to the terms of the agreement. The initial lease payment is not creditable against the purchase price payable upon exercise of the option.

About Bighorn Metals Corp.

Bighorn Metals is an exploration-stage natural resource company engaged in the evaluation, acquisition and exploration of mineral properties in North America.

The company holds an option to acquire the Loljuh property, comprising one mineral claim covering approximately 1,656.73 hectares in the Omineca mining division of central British Columbia, approximately 40 kilometres south of Smithers and 32 kilometres west of Houston. The Loljuh property is prospective for porphyry copper-gold mineralization.

The company also holds exclusive exploration rights and an option to acquire a 100-per-cent undivided interest in the fee land and patented mining claims comprising the Marietta project, located in the Silver Star mining district in the Excelsior Mountains, Mineral county, Nevada.

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