Mr. Stephen Wallace reports

SEARCHLIGHT RESOURCES COMMISSIONS NI43-101 TECHNICAL REPORTS ON BOOTLEG LAKE AND ROBINSON CREEK GOLD PROPERTIES

Searchlight Resources Inc. has contracted Axiom Exploration Group to prepare National Instrument 43-101 technical reports on the 100-per-cent-owned Bootleg Lake and Robinson Creek gold properties, located within 15 kilometres of Creighton, Sask., and Flin Flon, Man.

Axiom Exploration Group has completed site visits to both projects, and the final reports should be available in early 2026. This will be the first technical report on the Robinson Creek project, and an update of the 2013 report on Bootleg Lake completed prior to Searchlight acquiring the project. The reports will compile all exploration data on the two projects and make recommendations for future exploration and development.

"This will provide Searchlight with a more thorough assessment of these two important gold projects in the Flin Flon mining camp, at a time of near-record gold prices. The NI 43-101 report is particularly important for the Robinson Creek project with an initial exploration target estimated between 77,000 and 154,000 oz gold, but with no prior report," stated Stephen Wallace, chief executive officer. "The reports will assist the company with future exploration and development plans, including the possibility of combining Robinson Creek and the nearby brownfields Bootleg Lake gold holdings."

Robinson Creek highlights

• Initial exploration target of 77,000 to 154,000 ounces gold, open along strike and to depth;
• Two million to three million tonnes ore, with gold grades between 1.20 grams per tonne and 1.60 g/t;
• 15 kilometres west of Creighton, Sask., and Flin Flon, Man.;
• Compilation of over 70 historical drill holes from the 1940s and 1980s;
• Historical drill holes and geophysics outline a zone of mineralization extending at least 1,000 m along the Mosher Lake shear zone;
• 60 drill holes have gold intersections greater than 1.0 g/t gold;
• 45 gold intersections have greater than 2.0 g/t gold over at least one metre:
  • Multiple wide gold intersections:
  • 2.46 g/t gold over 57.60 m in DDH 81-2;
  • 7.59 g/t gold over 10.94 m in DDH HB-6;
  • 3.80 g/t gold over 21.00 m in DDH R07-1;
  • 2.15 g/t gold over 32.00 m in DDH 81-1.
• 15 km from Bootleg Lake brownfield mine site, allowing for shared processing.

Bootleg Lake highlights

• Brownfields project with three past-producing high-grade gold mines;
• Includes Rio mine with 1,500 m of underground workings viable for reopening for exploration and future production;
• Multiple drill-ready targets in addition to known deposits;
• 80 to 100 historic drill holes, plus six drill holes by Searchlight;
• 18 claims (49.4 square km), with key claims in good standing until 2040;
• 20 km from the SSR Mining Laurel Lake gold deposit;
• Seven km from the Hudbay 777 copper, zinc, gold mine;
• 32 km by road from the Tartan Lake gold deposit owned by Canadian Gold Corp., which is a merger candidate with McEewn Mining;
• Seven km from Creighton, Sask., and Flin Flon, Man., with easy road access.

Compilation disclaimer: Management cautions that the presented drill sample results are historical in nature, and Searchlight has not undertaken any independent investigation of the sampling, nor has it independently analyzed the results of the previous exploration work to verify the results. Searchlight considers these sample results relevant, as the company uses historical reports and sample results to evaluate and plan future exploration programs. All drill intercepts are drill-indicated lengths. Insufficient technical information exists to demonstrate the true widths of these intersections. The technical information is derived from public documents available through the Saskatchewan Government Ministry of Energy and Resources.

Initial exploration target disclaimer: The potential quantity and grades are conceptual in nature. There has been insufficient exploration drilling to define a mineral resource and it is uncertain if further exploration will result in the exploration target being delineated as a mineral resource.

About Searchlight Resources Inc.

Searchlight Resources is a Canadian mineral exploration and development company focused on Saskatchewan, Canada, which has been ranked as the top location for mining investment in Canada by the Fraser Institute. Exploration focus is on gold in the Flin Flon camp, and critical minerals throughout the province.

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