Mr. Ram Kumar reports

PANTHER MINERALS BEGINS EXPLORATION PROGRAM AT THE EAST BROUILLAN PROPERTY AND ANNOUNCES PROPOSED TRANSACTION

Panther Minerals Inc. has initiated exploration activities on its East Brouillan copper property (the EB property).

The EB property comprises a package of 14 claims, covering approximately 778 hectares of ground situated in the northern part of the late Archean Abitibi greenstone belt of Quebec on the eastern flank of the Brouillan volcanic complex, adjacent to the Brouillan tonalitic batholite which is a large syn-volcanic intrusion that is overlain by a coeval sequence of calc-alkaline to transitional mafic to felsic volcanics and tuffs.

This complex is a significant member of the mineral-rich northwestern Abitibi subprovince of Quebec, host to numerous showings and significant discoveries and deposits including the:

• B26 deposit (indicated 13.0 Mt (million tonnes) at 2.1 per cent CuEq (copper equivalent) and 12.3 Mt inferred at 2.2 per cent CuEq);
• Selbaie mine (produced 56.5 Mt at 0.9 per cent Cu; 1.9 per cent Zn (zinc), 38 g/t (grams per tonne Ag (silver) and 0.6 g/t Au (gold)).

Readers are cautioned that the geology of nearby properties is not necessarily indicative of the geology of the EB property.

This phase of exploration aims to generate various exploration information layers along a systematic program at two different scales -- regional and local -- to be referenced for area reduction and VMS (volcanogenic massive sulphide) mineralization potential targeting, as well as other types of mineralization within the project area.

Regional scale: The planned regional-scale exploration program includes regional prospecting across the property, airborne geophysics and regional soil sampling.

• Prospecting: designed to identify outcrops and conduct sampling;
• Geophysics: expected to build on the recent drone magnetic and VLF surveys to further assess targets at depth.

Local scale: The exploration program is expected to include geological mapping of geophysical target zones and local geochemical soil sampling. These activities are designed to assess the mineralization potential and further define the geological and geochemical features associated with the potentials.

Three targets will be the focus for exploration:

• West: two northwest-southeast electromagnetic conductors correlated with north-south high magnetic anomalies which are associated with an inferred structural feature (fault) as well as the volcanics and diabase dikes contact zones;
• East: several northwest-southeast electromagnetic conductors which are correlated with low to moderate magnetic anomalies associated with lithological contacts, for example volcanics-andesitic tuff, gabbro-andesitic tuff and andesitic tuff-tonalite;
• North: several northwest-southeast electromagnetic conductors which are correlated with low magnetic anomalies associated with tonalite-diorite contact zones.

The company will provide updates throughout the upcoming field season as the program progresses and looks forward to sharing news as its advances the EB property.

The company is also pleased to announce that it has entered into an arm's-length sale and purchase agreement dated Feb. 18, 2026, for the right to purchase a 100-per-cent interest in the Rubidium Ridge lithium-tantalum property (the RR property) from Usha Resources Ltd. (TSX-V: USHA).

The RR property consists of 110 claims and is an advanced grassroots exploration project located approximately 180 kilometres west of Thunder Bay. Exploration work by Usha has identified the following:

• Detailed sampling and hand stripping have successfully identified beryl and Nb-Ta oxides over approximately two km strike length. Fractionation indicators suggest the dikes have reached spodumene-type degrees of fractionation.
• Results also indicate Li, Cs and Rb elevations in the metasedimentary host rocks around the beryl-type pegmatites, with up to 450 parts per million Li returned in the metasedimentary rocks adjacent to the largest of the beryl-type dikes.
• Evolved chemical signatures of grab samples from Bingo pegmatite outcrops illustrate elevated grades for Cs, Ga, Li, Nb, Rb and Ta as high as 956 ppm, 228 ppm, 724 ppm, 1,088 ppm, 4,100 ppm and 557 ppm, respectively.

Pursuant to the agreement, the company will acquire its 100-per-cent interest in the RR property by paying to Usha $80,000 cash and 4.5 million common shares in the capital of the company.

The RR property is subject to a 2-per-cent net smelter returns (NSR) royalty with a 1-per-cent buyback for $1-million and a right of first refusal on the remaining 1 per cent of the NSR.

In addition to all required statutory hold periods applicable under National Instrument 45-106 -- Prospectus Exemptions, all consideration shares will be subject to a six-month voluntary escrow provisions whereby Usha may not trade the consideration shares during the escrow period. The parties to the agreement are arm's length to the company and there are no finders' fees payable in the proposed transaction. The proposed transaction is subject to receipt of all necessary regulatory approvals, including, as applicable, all required filings with the Canadian Securities Exchange (CSE), completion of due diligence reasonable or customary in a transaction of a similar nature, the publishing of a technical report for the RR property pursuant to National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, and other conditions precedent.

Qualified person

The technical content of this news release has been reviewed and approved by Babak V. Azar, PGeo (EGBC No. 62313, OGQ No. 10876), an independent consultant and qualified person as defined by National Instrument 43-101. Historical reports provided by the optionor were reviewed by the qualified person.

About Panther Minerals Inc.

Panther Minerals is a North American mineral acquisition and exploration company focused on the development of quality precious and base metal properties that are drill ready with high-upside and expansion potential. Panther Minerals trades on the CSE under the symbol PURR, the OTCQB under the symbol GLIOF and in FWB under the symbol 2BC.

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