13:52:50 EDT Mon 19 Oct 2026
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Vault Strategic Mining Corp
Symbol KNOX
Shares Issued 16,062,764
Close 2026-10-16 C$ 0.125
Market Cap C$ 2,007,846
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Vault Strategic talks War Bond magnetic survey results

2026-10-19 12:42 ET - News Release

Mr. Quinn Field-Dyte reports

VAULT STRATEGIC ANNOUNCES MAGNETIC SURVEY RESULTS TO SUPPORT MAIDEN NI 43-101 TECHNICAL REPORT, FOLLOW-UP EXPLORATION AND DRILL PERMITTING AT WAR BOND TUNGSTEN PROJECT, NEVADA

Vault Strategic Mining Corp. has released the results from its high-resolution unmanned aerial vehicle (UAV) magnetic survey and received the associated logistics report and maps for its War Bond tungsten project in Nevada, United States. The War Bond project encompasses the historical War Bond, Tactite and Thursday tungsten mines

The survey provides an additional technical data set intended to support the preparation and filing of the company's previously announced maiden National Instrument 43-101 technical report, guide follow-up surface exploration and inform the planning of future drill permit applications.

Completed by Pioneer Exploration Consultants Ltd. on Aug. 3, 2026, the survey comprised approximately 73.6 line kilometres, with closely spaced 25-metre survey lines and 250-metre tie lines. The survey package includes processed total magnetic intensity, first vertical derivative and analytic signal maps, providing complementary tools for evaluating variations in magnetic response across the surveyed area.

Quinn Field-Dyte, chief executive officer of Vault, commented: "We are thrilled to have the results of the high-resolution magnetic survey, an important step in advancing War Bond. We now have an additional data set to integrate with our surface exploration results and historical geological information as we work toward filing the project's maiden NI [National Instrument] 43-101 technical report. We are excited to use this information to guide follow-up surface exploration, refine potential drill targets and support the preparation of drill permit applications. Each phase of work builds our understanding of War Bond and helps us plan the next stage of exploration with greater confidence."

Supporting the maiden technical report and exploration planning

The company intends to integrate the magnetic survey data with available geological mapping, historical information and results from its completed surface exploration program. Subject to review and interpretation by the project's qualified person, this combined information is expected to strengthen the technical foundation for the maiden NI 43-101 technical report and assist in developing recommendations for subsequent exploration.

Magnetic surveys can help evaluate geological contacts and structural features where differences in magnetic properties exist. At War Bond, interpretation of the new data set alongside geological and geochemical information is intended to help prioritize areas for follow-up mapping and sampling, assess potential exploration targets, and inform the selection of possible drill sites.

This work is also intended to support the preparation of future drill permit applications by helping refine proposed exploration locations and the scope of planned activities. Any drilling will remain subject to technical evaluation, receipt of applicable permits, financing and access requirements.

The completion of the survey represents a further step in Vault's systematic evaluation of War Bond, providing a detailed geophysical framework to guide the next phase of fieldwork and technical assessment.

Technical context

Pioneer's report documents survey acquisition, processing, quality control and map products; it does not include geological interpretation of the data set. Magnetic responses alone do not establish the presence, grade or continuity of tungsten mineralization. Further interpretation and field verification are required before their exploration significance can be assessed.

War Bond tungsten project: historical context

The War Bond claim package comprises 20 unpatented lode mining claims covering approximately 400 acres in the Delaware mining district of western Nevada. The property encompasses the historical War Bond mine and the Tactite and Thursday tungsten workings.

Available on-line historical records appear to use War Bond, Tactite, Thursday, Old Discovery and Knight Claims as related or overlapping names within a broader tungsten occurrence rather than as distinct modern locations. Western Mining History's MRDS-derived War Bond mine record identifies War Bond as a tungsten mine in Douglas county, Nevada, and lists Tactite and Thursday, Old Discovery, and Knight Claims as secondary names.

A separate MRDS-derived War Bond tungsten mine record lists Tactite and Thursday, Old Discovery Claim, Knight Claims, Tungsten Valley Claim, Yellow Problem Claim, and Margret Claim as related secondary names. The record also identifies Carson Tungsten Co. as the owner, provides an information year of 1952 and classifies the operation as a past producer. Historical descriptions associate tungsten mineralization in the area with scheelite-bearing tactite or skarn developed near granite-limestone contacts. The Nevada Bureau of Mines and Geology publication "Mineral Resources of Douglas, Ormsby and Washoe Counties" describes the Tactite Thursday claim as being located approximately 15 miles southeast of Carson City in Section 9, T. 14 N., R. 21 E., and reports scheelite in a small tactite area near a granite-limestone contact.

The MRDS-derived Tactite and Thursday record describes the occurrence as a tungsten skarn with scheelite mineralization and epidote, garnet, quartz and calcite gangue. The record identifies two principal mineralized areas: a west zone with narrow scheelite-bearing widths reporting up to 0.3 per cent WO3 (tungsten trioxide) and an east zone with small scheelite shoots reporting values of 0.25 per cent to 0.45 per cent WO3 over widths of four to eight feet.

Historical assay and laboratory records contained in the Nevada Bureau of Mines and Geology Digital Library file titled "Preliminary Examination of Tactite and Thursday Group" include selected and dump-sample results from 1942 and 1943. Reported results include a selected sample from the upper location hole on Tactite claim No. 1 grading 14.40 per cent WO3, two additional 1942 samples grading 0.8 per cent WO3 and 0.9 per cent WO3, and a 1943 University of Nevada State Analytical Mining Laboratory report describing metamorphosed rock with garnet and traces of scheelite grading 0.35 per cent WO3.

Historical production references are limited but provide relevant exploration context. The MRDS-derived War Bond mine record lists production in 1953, a production period from 1952 to 1953 and a reported grade range of approximately 0.3 per cent to 0.45 per cent WO3. The Tactite Thursday record also states that a 250-ton test lot averaging 0.3 per cent WO3 was mined from the Old Discovery East pit.

Collectively, these records describe a historically explored tungsten skarn system with documented scheelite-bearing tactite mineralization, surface workings, sampling and limited historical mining or test-lot production.

Historical information and exploration context

The properties comprising the company's portfolio have been subject to historical exploration, development work and past production. The historical exploration results, sampling, drilling and other technical information referenced in this release predate National Instrument 43-101, Standards of Disclosure for Mineral Projects, and do not comply with current NI 43-101 requirements. Accordingly, this information should not be relied upon as current or verified technical disclosure. Management nevertheless considers it relevant to exploration targeting, geological interpretation, and the design of modern exploration and evaluation programs.

Management believes the historical work and past production provide a useful foundation for modern exploration when reassessed using contemporary geological models, exploration technologies, metallurgical processes and prevailing commodity prices. Readers are cautioned, however, that the historical results, resource estimates and economic conclusions referenced herein have not been verified or confirmed.

To define current mineral resources, assess metallurgy and evaluate economic viability, the company would be required to complete confirmation drilling, modern metallurgical studies, updated technical evaluations, NI 43-101-compliant mineral resource estimates,and appropriate feasibility or economic studies. There is no assurance that historical results will be confirmed or that the project will advance to economic viability.

Adoption of semi-annual reporting

The company is pleased to announce that it has elected to rely on Coordinated Blanket Order 51-933, Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers, and move to semi-annual financial reporting. The blanket order permits eligible venture issuers to voluntarily move from quarterly to semi-annual financial reporting. The company has determined that it meets the eligibility criteria under the blanket order, including that it is a venture issuer listing on the TSX Venture Exchange, has annual revenue of less than $10-million and has a clean 12-month continuous disclosure record. Under the blanket order, the company will be exempt from filing interim financial reports and related management discussion and analysis (MD&A) for its first and third quarters. The company's fiscal year ends on May 31. The initial period for which the company will not file an interim financial report and related MD&A in reliance of the quarterly reporting exemption will be for the three-month period ended Aug. 31, 2026. The company will continue to file its audited annual financial report and related MD&A (due within 120 days of May 31) and six-month interim financial report and related MD&A (due within 60 days of Nov. 30).

Market awareness

The company has engaged Market Equities Ltd. to provide corporate communications and digital marketing services to raise public awareness of the company for a consideration of $12,500 (U.S.) to be paid in advance. Market Equities' business address is Courtyard, Manor House, 3 Church Rd., Malahide, County Dublin, K36 AK25, Ireland, and it may be contacted by e-mail at karl@marketequities.ie or by telephone at 353-89-612-3679. The company confirms that neither Market Equities nor its principals currently hold any securities of the company.

Market Equities is at arm's length to the company, and the company shall not issue options or other securities to Market Equities in connection with its services. The Market Equities agreement remains subject to acceptance by the TSX Venture Exchange.

About Vault Strategic Mining Corp.

Vault Strategic Mining is a North American resource company focused on acquiring and advancing strategic and critical mineral projects in top-tier mining jurisdictions. The company targets historical and underexplored assets with the potential for value creation through modern exploration and disciplined development.

Vault Strategic Mining Corp. trades on the TSX-V (symbol: KNOX), the OTCID market (symbol: KNXFF) and the Frankfurt Stock Exchange (symbol: M850).

Data verification

Historical information referenced in this release has been reviewed against available reports; however, it has not been independently verified under current NI 43-101 standards or modern quality assurance and quality control procedures and is therefore considered supportive for exploration guidance only. The company cautions that past results or production from nearby properties are not necessarily indicative of mineralization on the company's properties.

Qualified person

William Feyerabend, CPG, an independent consulting geologist and a qualified person as defined under NI 43-101, has reviewed and approved the scientific and technical disclosure contained in this news release.

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