Mr. Brent Strasler reports

CAMEO RENEWS PROSPECTING LICENSES AND MOBILIZES DRILLING RIG

Cameo Resources Inc. has started drill mobilization to initiate the first ever drilling campaign at its 100-per-cent-owned, 19.58-square-kilometre, Katoro gold property, located in the Geita region of the Lake Victoria Goldfields of Tanzania. The company is also pleased to announce that it has successfully renewed two of its prospecting licences for another three years. The prospecting licences are now valid until March, 2029.

The company plans to immediately proceed with phased drilling campaigns on the Katoro property to systematically evaluate the multiple drill targets generated from the geophysical exploration the company recently concluded, see press release dated Feb. 5, 2026.

Brent Strasler, Cameo chief executive officer, states: " With the prospecting licences renewed for another three years the company plans to fast-track this phase 1 drill campaign with 10 to 15 priority drill targets. The team has proven their commitment to shareholders by delivering on this first-ever drill campaign. Using modern science as a guide, Cameo has proven that the Katoro property is prospective to host Buckreef-style gold mineralization. The company is extremely encouraged by similarities between the Katoro property and the Tembo gold deposit approximately seven km northeast and the Buckreef gold mine approximately 15 km northeast and we look forward to drilling off several of our high-priority northern anomalies."

The first phase of drilling is planned to consist of between 10 to 15 drill holes selected from the first of five areas that were tested by induced polarization by the company, the remaining areas will be tested in subsequent drill campaigns. The first phase drill holes will target the northern project area's magnetic anomalies with east-west-trending magnetic lineaments that are believed to be highly prospective, typical of gold mineralization at the Tembo gold deposit of the Buckreef gold mine and the Nyamalimbe gold deposit. Coincidental IP anomalies in this area have chargeability readings as high as 250 millivolts per volt believed to represent massive to semi-massive sulphide zones. The company has sampled massive to semi-massive sulphide material from mining operations less than one kilometre from the northern claim border that have returned gold values of 238.74 grams per tonne (8.42 ounces) Au (gold) and 169.22 g/t (5.97 oz) Au. Phase 1 drilling may also target the central property's intersections of northeast-southwest- and east-west-trending magnetic structures that may hold the most potential to discover mineralized zones and possible major gold-trapping structures. The proposed anomalies are all relatively shallow to a depth of 120 metres which mimic the mineralized depths at Tembo and Buckreef mines to the northeast.

Qualified person

Brian Thurston, PGeo, the company's technical adviser and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information in this news release.

About the Katoro gold property

The property covers 19.58 square kilometres situated within the prospective Sukumaland greenstone belt within the Lake Victoria Goldfield (LVGF). One of the most important mining sites in Africa, Tanzania's LVGF holds several multimillion-ounce gold deposits and has continuing operations by some of the largest gold companies in the world. The concessions have been mined by artisanal miners for some time, evidenced by the multiple shallow pits and trenches showing iron carbonate altered mafic volcanics (basalts) and quartz feldspar porphyry intrusions. Gold is associated with grey quartz veins and stringers that exhibit a pinch and swell characteristic, parallel to the fabric of east-west shear zones. The concessions occur within a broader area that has seen exploration and mining activities by several companies including, TRX Gold Corp. (Toronto Stock Exchange: TRX), AngloGold Ashanti PLC (New York Stock Exchange: AU) and Iamgold Corp. (TSX: IMG).

About Cameo Resources Inc.

Cameo Resources is a dynamic mineral exploration company dedicated to discovering and developing valuable mineral deposits. Cameo's Katoro property covers 19.58 square km situated within the prospective Sukumaland greenstone belt within the Lake Victoria goldfield (LVGF). One of the most important mining sites in Africa, Tanzania's LVGF holds several multimillion-ounce gold deposits and has continuing operations by some of the largest gold companies in the world. The concessions have not been explored by modern methods until now.

We seek Safe Harbor.