Mr. Ranjeet Sundher reports

TACTICAL RESOURCES SIGNS AGREEMENT TO ACQUIRE THE SIERRA BLANCA QUARRY AND TAILINGS ACCESS FOR THE PEAK RARE EARTH PROJECT

Tactical Resources Corp. has entered into a purchase and sale agreement with Sierra Blanca Quarry LLC, Dennis Walker and Becky Dean Walker. The PSA relates to tailings and broader asset optionality associated with Tactical's Peak project located in Hudspeth county, Texas.

The company believes the PSA enhances its ability to advance the Peak project by securing access to tailings material and preserving a pathway to potential ownership of the broader Sierra Blanca quarry operation, subject to the terms and conditions of the purchase and sale agreement.

"This agreement is an important step in advancing the Peak rare earth project," said Ranjeet Sundher, chief executive officer of Tactical Resources. "It provides Tactical with secured materials access and a pathway to ownership which paves the way to development of the overall project."

Tactical has secured from Mr. Walker and Ms. Walker an exclusive option, exercisable in Tactical's sole discretion, to acquire all of the membership interests of SBQ, subject to certain conditions. The option remains exercisable until five business days after the date that is 36 months following the fifth business day after Tactical's parent company is first listed on Nasdaq Stock Market. The purchase price for the membership interests will be $29-million (U.S.) subject to certain adjustments. The SBQ purchase price is expected to be composed of 50 per cent in cash and 50 per cent in equity in Tactical or its parent company.

Under the PSA, Tactical will also acquire approximately four million tons of tailings generated by the operation of a ballast crushing plant located in Sierra Blanca in Texas and certain additional tailings produced thereafter. Tactical may acquire the 2026 tailings amount in whole or in part with the balance to be acquired under a separate asset purchase agreement.

The PSA has an initial term expiring July 31, 2036, with successive one-year extensions available upon written request by the company, subject to SBQ's right to deny any such extension.

The transaction agreement was dated March 9, 2026. Closing of the transaction is subject to the satisfaction of customary conditions, including final approval of the TSX Venture Exchange.

About Tactical Resources Corp.

Tactical is a mineral exploration and development company focused on United States-made rare earth elements used in semiconductors, electric vehicles, advanced robotics and, most importantly, national defence. The company is also actively involved in the development of innovative metallurgical processing techniques to further unlock REE development potential. The company's Peak project is located in the Sierra Blanca area of Texas.

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