Mr. Max Porterfield reports

VISIONARY OUTLINES 20,000-METRE PHASE 2 DRILL PROGRAM TO GROW PT. LEAMINGTON RESOURCE AND ADVANCE KRAKEN COPPER DISCOVERY

Visionary Copper and Gold Mines Inc. has planned a 20,000-metre phase 2 diamond drilling program at its 100-per-cent-owned Point Leamington project in central Newfoundland at the gold/copper/zinc/silver Point Leamington volcanogenic massive sulphide deposit. The program is designed to expand the 2021 mineral resource estimate, convert resource tonnage from inferred to indicated and further define the recently discovered Kraken copper-rich footwall stringer zone. Additionally, Visionary continues to prioritize locating regional exploration targets in the Point Leamington VMS camp, and this work will continue throughout the coming phase 2 drilling program.

Jason Flight, vice-president of exploration, commented: "Phase 1 drilling expanded our Point Leamington massive sulphide system and discovered an important new copper-rich footwall stringer zone called Kraken. Phase 2 will build on these results by further exploring and defining Kraken while also extending the massive sulphide resource and improving portions of its categorization from inferred to indicated."

Mr. Flight continued: "Kraken is particularly compelling because of its position in the footwall of our existing massive sulphide deposit. Further defining Kraken's scale and geometry will allow us to include it in our next Point Leamington mineral resource estimate, adding to the 5.0 million tonnes indicated and 15.4 million tonnes of inferred resources in our 2021 estimate."

Phase 1 results: Point Leamington massive sulphide expansion and Kraken discovery

Phase 1 drilling extended the strike of the Point Leamington massive sulphide mineralized system to over one kilometre and discovered Kraken, a broad copper-rich stringer system in the deposit footwall. The program consisted of 10 holes totalling 3,556 metres and was the first systematic drilling at the deposit in more than two decades.

Phase 1 drill hole highlights include:

• PL-111: extended the Point Leamington massive sulphide mineralized system to more than one kilometre of strike, intersecting 2.8 metres grading 1.20 grams per tonne gold, 9.96 g/t silver, 0.62 per cent copper and 1.87 per cent zinc (see news release dated March 2, 2026);
• PL-112: discovered Kraken footwall copper stringer zone with 75.8 m grading 0.45 per cent Cu, including 12.0 m grading 1.09 per cent Cu, followed by an additional 23.5 m grading 0.43 per cent Cu (see news release dated March 2, 2026);
• PL-115: returned 52.7 m grading 0.30 per cent Cu, including 12.0 m grading 0.61 per cent Cu, at Kraken (see news release dated May 13, 2026);
• PL-118: follow-up drilling of Kraken returned 22.5 m grading 0.53 per cent Cu and 41.5 m grading 0.39 per cent Cu, including 7.5 m grading 0.89 per cent Cu (see news release dated May 13, 2026).

Phase 2 objectives include resource growth and kraken definition drilling:

• Resource growth: expand the massive sulphide resources and also define the new Kraken copper footwall stringer zone and include both in the next Point Leamington mineral resource estimate;
• Resource conversion: target the conversion of approximately 50 per cent of the 13.7 million tonnes of pit-constrained inferred mineral resources to the indicated category through infill drilling;
• Resource definition and pit evaluation: phase 2 drilling will improve the geological understanding of the Point Leamington massive sulphide deposit and Kraken footwall copper stringer zone and provide additional data for future resource modelling and evaluation within an appropriately constrained pit shell;
• Regional exploration: Visionary will continue to outline compelling near-surface opportunities for new volcanogenic massive sulphide deposits that will be tested during the coming phase 2 drilling program.

Phase 2 drill holes will infill and expand the existing Point Leamington massive sulphide deposit before continuing into the Kraken copper footwall stringer zone. This approach maximizes the value of each metre drilled by using each hole to contribute to resource conversion, resource growth, and continued definition and extension of the Kraken discovery.

The program will target moving 50 per cent of the 13.7 million tonnes in the 2021 pit-constrained inferred mineral resource estimate of the massive sulphide to the indicated resource category. It will also test for extensions of the massive sulphides and progressively explore for extensions of the Kraken zone updip and along strike. Selected historical holes terminating above Kraken may also be deepened to efficiently provide additional pierce points.

The Kraken zone was discovered after the Point Leamington 2021 mineral resource estimate was published, and phase 2 drilling is expected to allow the Kraken zone to be included in the next mineral resource estimate and to establish how it may be mined in an economic pit together with the massive sulphides.

Identifying new volcanogenic massive sulphide deposits along trend in the Point Leamington VMS camp continues as an exploration priority for Visionary. Soil sampling and other exploration techniques are being used to identify drilling targets, in addition to our planned phase 2 drilling program at the deposit.

Point Leamington mineral resource: the starting point

The Point Leamington mineral resource estimate was prepared by P&E Mining Consultants Inc. for Callinex Mines Inc. The National Instrument 43-101 technical report had an effective date of Aug. 20, 2021, and a signing date of Dec. 5, 2023, and was filed on Dec. 18, 2023, and the table below states the mineral resources from the P&E 2021 technical report.

Qualified person

The technical information contained in this news release has been reviewed and approved by Mr. Flight, PGeo, a qualified person under NI 43-101. Mr. Flight is not independent under NI 43-101 as he is vice-president of exploration for the company.

About Visionary Copper and Gold Mines Inc.

Visionary Copper is advancing its portfolio of base- and precious-metal-rich deposits located in established Canadian mining jurisdictions. The focus of the portfolio is highlighted by the 100-per-cent-owned Point Leamington deposit in Newfoundland, located in one of the richest VMS and gold districts in Canada. The company prepared a pit-constrained indicated mineral resource of 5.0 million tonnes grading 1.42 per cent copper equivalent for 156.8 million pounds CuEq (145,700 ounces gold, 60.0 million pounds copper, 153.5 Mlb zinc, 2.0 million ounces silver and 1.5 Mlb lead), a pit-constrained inferred mineral resource of 13.7 Mt grading 1.27 per cent CuEq for 384.8 Mlb CuEq (354,800 oz gold, 110.2 Mlb copper, 527.3 Mlb zinc, 6.2 Moz silver and 7.0 Mlb lead) and an out-of-pit inferred mineral resource of 1.7 Mt grading 1.74 per cent CuEq for 65.7 Mlb CuEq (65,400 oz gold, 13.3 Mlb copper, 102.9 Mlb zinc, 1.4 Moz Ag and 2.6 Mlb lead) (see news release dated Oct. 25, 2021). Additionally, the company is permitting the Rainbow deposit at its rich VMS Pine Bay project located near existing infrastructure in the Flin Flon mining district. The company prepared an indicated mineral resource on the Rainbow deposit of 3.44 Mt grading 3.59 per cent CuEq for 272.4 Mlb CuEq (238.3 Mlb Cu, 56.9 Mlb Zn, 37,600 oz Au, 692,800 oz Ag and 2.3 Mlb Pb), an inferred mineral resource on the Rainbow deposit of 1.28 Mt grading 2.95 per cent CuEq containing 83.4 Mlb CuEq (72.1 Mlb Cu, 19.5 Mlb Zn, 11,100 oz Au, 222,200 oz Ag and 800,000 lb Pb) and an inferred mineral resource at the Pine Bay deposit of 1.0 Mt grading 2.62 per cent Cu containing 58.1 Mlb Cu (see news release dated July 10, 2023). Additionally, the portfolio includes the Nash Creek project located in the VMS-rich Bathurst mining district of New Brunswick. A 2018 preliminary economic assessment generates a strong economic return with a pretax internal rate of return of 34.1 per cent (25.2 per cent posttax) and net present value discounted at 8 per cent of $230-million ($128-million posttax) at $1.25 zinc (see news release dated May 14, 2018).

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