22:33:26 EDT Tue 12 May 2026
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Inomin Mines Inc
Symbol MINE
Shares Issued 49,018,552
Close 2026-05-12 C$ 0.13
Market Cap C$ 6,372,412
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Inomin, Sumitomo begin 2026 exploration at Beaver-Lynx

2026-05-12 19:31 ET - News Release

Mr. John Gomez reports

INOMIN AND SUMITOMO COMMENCE $2.3 MILLION EXPLORATION PROGRAM AT BEAVER-LYNX

Inomin Mines Inc. and Sumitomo Metal Mining Canada Ltd. have commenced the 2026 exploration program at the 28,000-hectare Beaver-Lynx polymetallic project in south-central British Columbia. The approximately $2.3-million program represents the largest single exploration investment at Beaver-Lynx to date and includes first-ever drilling at the Lynx block.

The program will focus on approximately 4,100 metres of drilling at the Onuki zone, a six-square-kilometre (km) target within the Lynx area. Previous outcrop sampling at Onuki returned values up to 2,640 parts per million (ppm) nickel. Onuki is one of several three to six square km magnetic targets identified through airborne surveys and surface rock sampling at Lynx. Mineralization at Lynx exhibits characteristics similar to the Beaver block to the north, where Inomin has delineated multiple zones of near-surface nickel-magnesium-cobalt mineralization, and, more recently, platinum and palladium at the Beaver South zone.

John Gomez, president of Inomin, comments: "Initiating the first drilling at Lynx is an important milestone. The targets at Lynx are generally larger and more numerous than those we have tested at Beaver. Success at Onuki would support the presence of a district-scale mineral system across Beaver-Lynx."

A detailed ground magnetic survey is currently under way at Onuki to refine drill targeting. Subject to permitting process of the Beaver block, some drill holes at Onuki zone will be reallocated to the Beaver South zone to continue expanding the mineralized footprint and advance the project.

About Beaver-Lynx

The 28,000-hectare Beaver-Lynx project is located in south-central British Columbia, approximately 50 kilometres north of Williams Lake and adjacent to the Gibraltar mine, Canada's second-largest open-pit copper operation. The project benefits from exceptional infrastructure, including all-season road access, nearby hydroelectric power and proximity to active rail lines. The surrounding resource communities provide comprehensive services and a skilled work force.

Exploration to date has focused exclusively on the Beaver block -- including multiple drilling campaigns -- indicating the property may host large volumes of nickel and magnesium, along with cobalt, platinum and palladium. Drilling has also intersected chromium, copper, silver and gold, underscoring the polymetallic nature of the system.

The adjoining Lynx block, located 10 kilometres south of Beaver, hosts multiple high-priority magnetic and geochemical targets comparable in size -- and in some cases potentially larger -- than those at Beaver. Together, the two blocks outline a significant district-scale critical minerals opportunity.

Airborne magnetics and rock sampling at Lynx block

An airborne magnetics survey completed over Lynx delineated eight km wide ring-like magnetic anomaly and several strong magnetic anomalies -- all greater than two km in length -- denoted as the Bear, Skulow and Onuki areas. These three areas were the focus of prospecting; of the 17 rock samples chipped from outcroppings, nine contained greater than 0.1 per cent nickel with the highest-grading sample containing 0.27 per cent nickel.

About Inomin Mines Inc.

Inomin Mines is engaged in the identification, acquisition and exploration of mineral properties with strong potential to host significant resources. The company trades on the TSX Venture Exchange with the symbol MINE.

Inomin Mines director L. John Peters, PGeo, 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.

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