Mr. Marcel Bergeron reports

QUINTO RESOURCES PROVIDES CORPORATE UPDATES AND ANNOUNCES REINSTATEMENT OF TRADING AND AGM

Further to the press release dated July 21, 2026, announcing the revocation of cease trade order issued to Quinto Resources Inc. on June 7, 2023, Quinto has provided the following corporate updates.

TSX Venture Exchange reinstatement

The common shares of the company were transferred to the NEX on Oct. 28, 2021, as the company did not meet the listing requirements for a Tier 2 listed company on the TSX Venture Exchange. The company has applied for and been actively working to advance its reinstatement onto the NEX board. The company is pleased to announce that trading of the company's shares on the NEX board to be reinstated shortly.

Annual general and special meeting

The company's last annual general meeting of shareholders was held on Dec. 18, 2018. The company was therefore deficient in compliance with the requirement to hold an annual general meeting of shareholders as prescribed by the Canada Business Corporations Act. The company has scheduled an annual general and special meeting of the shareholders of the company on Sept. 16, 2026, pursuant to CBCA and TSX-V's policies. Additional disclosures on the AGSM will be provided in due course, and the proxy materials of the AGSM will be available under the company's profile on SEDAR+. The company will be placed on a 90-day TSX-V notice to hold the AGSM of non-compliance due to these deficiencies, pursuant to exchange Policy 3.2, Section 4.1. Failure to remedy these deficiencies within this timeline may result in a TSX-V trading halt without further notice.

Management

On June 8, 2026, Michael Curtis, former director, president and chief executive officer, resigned from the company, and, effective as of the same date, Jean Lafleur, has agreed to fill the vacancy created thereby to serve as a director, president and CEO of the company. The board of directors also appointed Jean-Francois Perrault as a new director of the company, effective as of June 8, 2026.

The current board of directors of the company is composed of Marcel Bergeron, Philippe Frere, Mr. Lafleur and Mr. Perrault. The company's current senior officers are Mr. Lafleur, president and chief executive officer, and Mr. Bergeron, chief financial officer.

Mr. Lafleur is a professional geologist with five decades of experience in geology and mineral exploration nationally in Canada and internationally in the United States, Mexico, Latin America, Ireland, Spain and Africa. He was a C-suite executive for small-capitalization junior exploration companies over the years leading toward successful exploration programs in Quebec and Ontario. He remains active as a technical, management and financial consultant (Qoris Partners Inc. and Pjlexpl Inc.) with junior explorers since the early 2000s. His expertise also spans company and project evaluations, audits, and reporting; exploration program planning, execution and reporting, and research; and investment presentations across Canada, the United States and Europe. He obtained BSc and MSc degrees in geology from the University of Ottawa, and was active as an exploration geologist early in his career with trend setters Newmont, Falconbridge, Dome Mines and Placer Dome. He led exploration teams in the search for precious and base metals, nickel, platinum group elements, uranium, and iron; and he brings a proven record in leadership skills, strategic planning and mineral exploration leading to discovery. He is currently vice-president, exploration, at TomaGold Corp.; a board member at Scandium Canada and Hertz Energy; and a mineral exploration consultant/contractor for Appian Capital Advisory LLP, Lafleur Minerals and Coyote Copper Mines.

Mr. Perrault has more than 30 years of experience in the merchant banking, capital market and investment banking industries. He is currently vice-president, capital markets and investors relations, at Oak Hill Financial Inc., where he provides capital market advisory services for growth companies in innovation sectors. Previously, Mr. Perrault acted as managing director, corporate finance, for Leede Financial Inc., where he completed a multitude of public and private placement financings for numerous new and existing Canadian issuers. Mr. Perrault also acted as president and chief executive officer of Northcore Resources Inc., a junior exploration company listed on the TSX Venture Exchange. He was also senior vice-president, corporate finance, of Union Securities and vice-president and director of TD Capital, where he was involved in managing an investment fund where he completed small- to mid-market investments and launching TD Capital Private Equity Partners, Canada's first international private equity fund of funds. Mr. Perrault serves on the TSX Venture Exchange's local advisory committee (Eastern Canada) and also holds directorship roles with Ni-Co Energy Inc. and CAT Strategic Metals Corp. Mr. Perrault holds a bachelor of arts degree (economics) from McGill University and an MBA from Concordia University.

Share consolidation

The company intends to implement a consolidation of its shares on the basis of five preconsolidation shares for every one postconsolidation share, subject to shareholders' approval at the AGSM and TSX-V's acceptance.

The consolidation will reduce the number of outstanding shares from 41,779,998 to approximately 8,356,000. Shareholders' proportional ownership in the company will remain unchanged following the consolidation. The exercise or conversion price of the company's outstanding warrants and convertible notes and the number of shares issuable thereunder will also be proportionately adjusted to reflect the consolidation.

No fractional shares will be issued as a result of the consolidation. If, as a result of the consolidation, a shareholder receives less than one whole postconsolidation share, the number of postconsolidation shares issued to the shareholder will be rounded up or down to the nearest whole number. No cash consideration will be paid in respect of fractional shares.

Further disclosures in respect of the consolidation will be provided in due course and available under the company's profile on SEDAR+.

Name change

Further to the consolidation and forming part of the reorganization efforts, the company intends to complete a name change from the current name to Mista Resources Inc./Ressources Mista Inc., subject to shareholders' approval and TSX-V's acceptance. The stock symbol of the company is expected to be changed to correspond to the name change. Such name change will not affect the rights of the company's shareholders. Further disclosures in respect of the name change will be provided in due course and available under the company's profile on SEDAR+.

Corporate update

The company had previously advanced the sum of $200,000 to an arm's-length party, pursuant to a promissory note dated Aug. 15, 2018. The note bore interest at a rate of 7.5 per cent per annum, compounded annually, with a maturity date of Feb. 15, 2019. The advance was subsequently written off when it became apparent that the party was unable to reimburse the loan. Following the initiation of legal proceedings, the company was successful in recovering substantially the full amount.

On Aug. 12, 2020, the company entered into a property acquisition agreement with TomaGold Inc., pursuant to which the company agreed to assign, transfer and sell to TomaGold all of its rights, titles and interests in and to the Monster Lake property located in Quebec. The transaction was completed and accepted by the TSX Venture Exchange, and, in consideration thereof, the company received a cash payment of $250,000 from TomaGold, and TomaGold returned 750,000 common shares of the company previously held by TomaGold. As of the date hereof, the company has no remaining interest in, or outstanding obligations with respect to, the Monster Lake property.

On Oct. 18, 2024, the company entered into a term sheet with Bathurst Metals Corp. pursuant to which Bathurst agreed to grant the company an exclusive working right and option to acquire an up-to-100-per-cent undivided interest in the Gela Lake property, a mineral claim located near Gela Lake, Nunavut. As subsequently amended, the term sheet provided that it would become null and void if the company's shares were not relisted on or before June 30, 2026. As the company did not relist its shares by such date, the term sheet became null and void as of June 30, 2026, by its own terms, no option was ever granted or exercised, and the transaction was never completed.

About Quinto Resources Inc.

Quinto is a Canadian mining exploration company.

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