Mr. Brian Goss reports

NRED IDENTIFIES PRIORITY DEEP COPPER-GOLD DRILL TARGET AT WILMAC COPPER-GOLD PROJECt

An integrated review of historical drilling, resampled drill core, magnetic susceptibility data and 3-D induced-polarization (IP) modelling has advanced the Eagle target as a priority deep drill target at NRED Intelligent Mining Inc.'s Wilmac copper-gold project in British Columbia.

The key finding is straightforward: historical drilling stopped before reaching the strongest modelled geophysical target. The 2014 drill holes ended approximately 107 to 231 metres above their modelled chargeability peaks, which occur broadly between 300 and 450 metres depth. Importantly, the better historical holes also showed increasing copper values and alteration toward the bottom of the holes. At the Eagle target, hole WS14-004 ended at only approximately 133 metres depth, while the modelled chargeability response strengthens significantly below the hole. NRED is therefore proposing to deepen the existing Eagle hole by approximately 250 metres, subject to confirming that the hole remains open and accessible.

"Eagle gives us a clear target and a clear test," said Brian Goss, chief executive officer of NRED. "The previous drilling stopped well above the strongest modelled target, while copper, alteration and geophysical evidence point deeper. Rather than speculate, our objective is simple: drill deeper and test the target."

Historical drilling shows increasing copper at depth

Four diamond drill holes totalling approximately 728 metres were completed in 2014 across the Bolas, Trojan, Raven and Eagle targets. Relogging and resampling of the historical core in 2024 identified broader copper-bearing intervals than recognized by the original selective sampling, including:

• 26.83 metres averaging 381 parts per million copper in WS14-002, including 3.13 metres averaging 1,084 ppm copper;
• 24.16 metres averaging 262 ppm copper in WS14-001.

The better mineralized holes show copper and alteration strengthening downward. These results do not establish economic mineralization, but support testing below the depth reached by the historical drilling.

Multiple data sets point to a deeper target

The company's integrated review places the principal area of interest significantly below the historical drilling. The modelled IP chargeability peaks occur broadly between 300 and 450 metres depth. Independent magnetic interpretations provide a similar depth range, including airborne modelling indicating approximately 290 to 410 metres and 3-D ground magnetic modelling placing a susceptible body near 400 metres.

Forward modelling indicates that a shallow source can explain part of the observed IP response. However, the deeper model provides the better explanation for the strongest anomalous readings. The deeper target remains an exploration interpretation that can only be confirmed through drilling.

Core measurements strengthen the geological model

NRED collected 679 magnetic susceptibility measurements from the historical drill core during the 2024 program. Across approximately 250 matched intervals, magnetic susceptibility decreased as sulphur increased, with median susceptibility falling by roughly three times between low-sulphur rock and intervals containing more than 0.5 per cent sulphur. The results provide property-specific evidence that sulphidation can destroy magnetite within the Trojan-Condor system and strengthen the geological basis for using localized magnetic lows as one potential alteration indicator.

Subject to confirming access to the historical hole, NRED proposes to deepen WS14-004 by approximately 250 metres and conduct downhole IP, resistivity and magnetic susceptibility measurements together with complete multielement and gold analysis. The program will be designed to answer a fundamental exploration question: does the shallow altered and pyritic system encountered in historical drilling strengthen into a more significant sulphide-bearing system at depth? No drill program is currently scheduled and would not occur prior to the 2027 field season at the earliest and would be subject to financing.

Option agreement status

The Wilmac copper-gold project comprises 16,078 hectares located southwest of Princeton and approximately 10 kilometres west of Hudbay Minerals Inc.'s producing Copper Mountain mine. NRED holds an interest in the project pursuant to two option agreements concerning what are known as (1) the Wilmac and Lamont claims and (2) the Trojan-Condor corridor claims.

The company was required to make a $125,000 cash payment by Sept. 1, 2026, in order to keep the first option agreement in good standing, and was required to make a cash payment of $100,000 and to finance exploration expenditures of $100,000 on Aug. 31, 2026. NRED has not made any of these payments and the option agreements are currently not in good standing. The optionors of the claims comprising the project have not provided the company with notice of termination, but may do so on seven day's notice.

Qualified person

The scientific and technical information in this news release, including the geological interpretations described herein, has been reviewed and approved by Rick Walker, PGeo, a qualified person as defined by National Instrument 43-101. Mr. Walker is not independent of the company within the meaning of NI 43-101. The interpretations described above are conceptual and rely in part on historical, third party data that the company has not independently verified. No mineral resources or mineral reserves have been identified on the project.

About NRED Intelligent Mining Inc.

NRED Intelligent Mining is a mineral exploration company focused on the identification, acquisition, exploration and development of copper-gold porphyry projects in British Columbia, leveraging an artificial intelligence-enhanced geospatial technology platform that it developed to identify and evaluate prospective mineral properties. The company's optioned Wilmac copper-gold project comprises 16,078 hectares located within the Quesnel porphyry belt in the Similkameen mining division, southwest of Princeton and approximately 10 kilometres west of Hudbay Minerals Inc.'s producing Copper Mountain mine.

We seek Safe Harbor.