Dr. Thomas Mumford reports

SCOTTIE RESOURCES COMPLETES OVER 10,000 M OF DRILLING ON ITS SCOTTIE GOLD MINE PROJECT

Scottie Resources Corp. has already completed over 10,000 metres (m) of drilling in 47 holes, with seven drill rigs now turning. The fully financed 50,000 m program is Scottie's largest to date and will ensure adequate drilling for resource conversion and exploration upside on the Scottie gold mine project, located 35 kilometres (km) north of Stewart in the Golden Triangle of British Columbia. Scottie is on track to complete a feasibility study with an updated MRE (mineral resource estimate) on the project in H1 (first half) of 2027.

Focused on expanding and upgrading high-grade gold resources at the Blueberry contact zone and Scottie gold mine, the drill program also includes aggressive testing of multiple high-priority exploration targets across the district, including the Bend vein, the C and D zones, the Serac vein and Lakebed area, and the Domino target.

Combined with continuing development and technical initiatives, including geotechnical, hydrogeological and condemnation drilling to support future infrastructure planning, extensive geophysical and remote sensing surveys, and expanded environmental baseline studies now entering their second year, the 2026 exploration program represents a significant milestone in advancing the Scottie gold mine project. Together, these integrated programs are expected to drive resource growth, derisk future development and further unlock the potential of Scottie's district-scale gold assets in British Columbia's prolific Golden Triangle.

"Having pushed into camp earlier than any of our previous programs, we are now well into our largest drill program to date," said Dr. Thomas Mumford, president and chief executive officer. "Drilling commenced on the Blueberry contact zone, and we are now positioning drills on the Scottie gold mine and the Domino target, with assays pending on 47 holes. We look forward to providing regular updates and assay results as they come in."

Qualified person

Dr. Thomas Mumford, PGeo, CEO of the company, is non-independent and a qualified person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of the company.

Grant of stock options, RSUs (restricted share units) and DSUs (deferred share units)

On July 22, 2026, Scottie granted 584,075 stock options to certain directors, officers and consultants to the company, 300,000 RSUs and 226,625 PSUs (performance share units) to officers of the company, and 187,500 DSUs to directors of the company in accordance with the company's long-term incentive plan. The options are exercisable into common shares of the company at an exercise price of $2.11 per share, for a period of five years from the date of grant. The options vest one-third one year from grant and one-third annually thereafter. The RSUs will vest 50 per cent on April 1, 2029, and 50 per cent on April 1, 2030. The PSUs will vest one-third one year from the grant date and one-third annually thereafter. Settlement of the PSUs will be subject to successful completion of key performance indicator milestones as determined by the company's compensation and corporate governance committee. The DSUs vest one year from the date of grant.

About Scottie Resources Corp.

Scottie Resources holds a 100-per-cent interest in the Scottie gold mine property, which includes the high-grade, past-producing Scottie gold mine and the adjacent Blueberry contact zone. The company also owns a 100-per-cent interest in the Georgia project, host to the past-producing Georgia River mine, as well as the Cambria, Sulu and Tide North properties. In total, Scottie controls approximately 58,500 hectares of highly prospective mineral claims within the Stewart mining camp in British Columbia's Golden Triangle -- one of the world's most prolific mineralized districts.

Scottie's current resource estimate on the Scottie gold mine project includes a total of 703,000 gold ounces at an average grade of 6.1 grams per tonne (g/t) (inferred category) in 3.6 million tonnes, highlighting the development potential for a significant near-surface, high-grade deposit. The company's strategy is to continue expanding this resource and to define additional mineralization around past-producing mines through systematic drilling and surface exploration.

The company has recently completed a PEA (preliminary economic assessment) for the Scottie gold mine. The PEA outlines a robust direct-ship ore (DSO) development scenario with strong economics and significant upside through a potential toll-milling option utilizing excess capacity at the nearby Premier mill. The base case DSO project delivers an after-tax NPV (net present value) (5 per cent) of $215.8-million to $668.3-million at gold prices of $2,600 (U.S.) to $4,200 (U.S.) per ounce (oz), respectively. Under the toll-milling scenario, project economics improve substantially, with an after-tax NPV (5 per cent) of $380.1-million to $831.7-million (no agreement currently in place). The PEA estimates initial capital costs of $128.6-million, average annual production of approximately 65,400 oz gold over seven years, and a payback period of 1.7 years for the after-tax DSO case -- reduced to just 0.9 year under the toll-milling opportunity at $2,600 (U.S.) per oz.

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