Mr. Cameron Dorsey reports

NORTH VALLEY RESOURCES IDENTIFIES STRONG VECTOR TOWARD UNTESTED LARGE-SCALE CU-AU SYSTEM AT COMSTOCK PROJECT, SOUTHERN BRITISH COLUMBIA

North Valley Resources Ltd. has released results from recent short-wave infrared (SWIR) spectral analysis on 78 rock chip samples across five historic mineral showings at its drill-permitted approximately 4,500-hectare Comstock copper-gold project in Southern British Columbia. The project is strategically located adjacent to the Coquihalla Highway, approximately 10 kilometres (km) south of Merritt, within close proximity to major operating copper mines including Highland Valley, Copper Mountain and New Afton; as well as recent significant nearby discoveries such as Kodiak Copper's MPD property and Westhaven Gold's Shovelnose project.

The results materially advance targeting at Comstock, confirming the presence of a large mineralized hydrothermal system and, importantly, vectoring toward its potential core where higher grades are typically concentrated. This significantly enhances targeting confidence and highlights multiple high-priority, untested drill-ready targets.

Highlights:

• Strong indication of a fertile potential large-scale porphyry system: SWIR analysis identified widespread muscovite-(white mica)-dominant alteration, consistent with the high-temperature phyllic zone commonly developed in close proximity to porphyry cores.
• Clear vector toward the core of the system: Elevated white mica crystallinity (WMX approximately 3.0 to 3.2) at Comstock showing and Trench D reflects increasing thermal intensity (Table 1), vectoring toward the hydrothermal heat source where mineralization can be further concentrated. Historical high-grade rock grab samples support this, returning up to 27.1 per cent copper (Cu) and 56 grams per tonne gold (Au).
• Geology, geophysics and limited historical drilling strongly aligned: Zones of highest thermal maturity coincide with several large chargeability anomalies, supporting the presence of a near-surface, large-scale mineralized system.
• Exploration footprint refined: Lower WMX values at historical showings (Original Diane, Island, LD Adit) mark areas more distal from the heat source, corresponding to the margins of a large chargeability anomaly. This refines the exploration footprint, focusing on higher-priority central targets defined by chargeability anomalies. Historical drilling at Original-Diane, limited to the anomaly margins, returned encouraging results, including 0.53 per cent Cu (copper) and 0.36 g/t (gram per tonne) Au (gold) over 12.8 m, 0.49 per cent Cu and 0.52 g/t Au over 8.23 m, and 0.38 per cent Cu and 0.72 g/t Au over 13.99 m (see Jan. 20, 2026, news release).
• Highly compelling, undrilled targets: The overlap of peak alteration and strong geophysical responses outlines multiple high-priority, drill-ready targets that have never been directly tested, offering significant potential for near-term discovery drilling.

"These SWIR results provide a strong vector toward a significant nearby hydrothermal heat source," said Cameron Dorsey, chief executive officer of North Valley Resources. "The consistency of muscovite-rich alteration and clear evidence that we are operating within the phyllic domain, increases our confidence that we are within a large coherent mineralized system. Importantly, the alteration patterns observed are consistent with the potential for porphyry, epithermal and skarn-style mineralization, highlighting the broader scale and opportunity across the project."

About North Valley Resources Ltd.

North Valley Resources is a well-positioned junior exploration company focused on advancing its flagship comstock project, a high-quality exploration asset that is fully permitted for drilling and located in a proven, mining-friendly jurisdiction. The company is executing a disciplined, systematic exploration strategy aimed at unlocking significant copper and gold potential, and advancing Comstock toward the mineral resource stage, while creating meaningful value for shareholders.

Qualified person

The technical content of this news release and the company's technical disclosure has been reviewed and approved by Kris Raffle, PGeo, an independent contractor of the company, who is a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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