Mr. Thomas Caldwell reports

URBANA CORPORATION INTERSECTS 4.2 G/T AU OVER 10 METRES AND BEGINS SECOND DRILL PROGRAM

Urbana Corp. has commenced a new diamond drilling program on its mining property, located in Urban township in Quebec, within one of Canada's most active emerging gold camps following the $2.16-billion acquisition of Osisko Mining by Gold Fields Ltd. in 2024.

In 2025, the corporation conducted a drilling program that focused on the southern portion of the project and consisted of 17 drill holes totalling 5,226 metres. The best intersection came from hole UU-25-12, which returned 4.2 grams per tonne (g/t) gold (Au) over 10.0 metres near surface.

The 2026 drilling program, which consists of 3,000 metres of drilling, will follow up on these results by testing potential extensions of the discovery while also evaluating additional targets across the property. A table summarizing the most significant results from the 2025 drilling program is provided in this news release.

One of these zones occurs along the Mazeres-Windfall fault zone, where a previous drill hole returned 3.28 g/t Au over 3.45 metres, highlighting the potential for structurally controlled gold mineralization within the project area.

The 2026 drilling program will also evaluate several additional targets identified through historical data compilation and a summer reconnaissance field program. During this work, previously undocumented drill collars were located, confirming areas where historical drilling coverage remains incomplete.

Drilling will include testing the Farchell showing, where a 203 g/t Au grab sample was collected during the summer program, as well as the Roben occurrence, which hosts a historical drill intersection of 30.5 g/t Au over 2.3 metres (Sigeom -- GM57860).

Additional targets have been defined through the integration of geological mapping, structural interpretation and geophysical anomalies. Several of these targets lie along favourable structural trends yet remain untested by previous drilling, offering significant potential for new discoveries within the project area.

The corporation believes that the combination of high-grade surface results, encouraging historical drilling and strong structural controls provides a compelling exploration framework for the Urban Township project. Results from the current drill program are expected to further define the scale and continuity of gold mineralization across the property.

"The results from last year's drilling program were extremely encouraging and confirmed the presence of near-surface gold mineralization over larger widths than any previous drilling," said Thomas S. Caldwell, chief executive officer of Urbana. "With gold prices now trading above $5,000 (U.S.) per ounce, discoveries like this take on even greater significance and demonstrate the strong potential of the Urbana Township project, particularly given its location within an emerging gold district. Our upcoming drill program is designed to build on this momentum and further evaluate the scale of the mineralized system."

Urbana's 1,154.4-hectare Urban Township project is centrally located within the Urban-Windfall district, an area widely recognized as prospective for gold mineralization. The property lies adjacent to, and along strike from, Windfall deposit, a high-grade gold deposit owned by Gold Fields Ltd., as well as the past-producing Barry deposit operated by Bonterra Resources.

QA/QC (quality assurance/quality control)

The corporation follows industry-standard QA/QC procedures. Diamond drill core (HQ and PQ diameter) was sawn in half, with one-half submitted to ALS Laboratories in Val d'Or, Que., a ISO 9001-certified independent analytical laboratory with internationally recognized quality standards.

Gold analyses were completed by fire assay, with copper and silver initially determined by aqua regia digestion and atomic absorption, and subsequently updated using four-acid digestion (MS48) multielement analysis.

Certified reference materials (OREAS 222 and OREAD 240) and blanks were inserted into the sample stream at industry-standard frequencies, including routine insertion of blanks following mineralized intervals. Duplicates where also inserted randomly within the samples. All assay batches have passed QA/QC review and fall within acceptable tolerance limits.

Qualified persons

This news release has been prepared by Mathieu Stephens, PGeo, principal geological consultant for Urbana, who is a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Stephens is not independent of the company.

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