Mr. Justin Daley reports

VR RESOURCES IS UNDERWAY ON HOLE 4 AT EMPIRE WITH AN 800M STEP-OUT FROM HOLE 2 ON THE OPPOSING MARGIN OF THE WESTWOOD INTRUSIVE COMPLEX

The fourth hole is under way in VR Resources Ltd.'s phase 1 reconnaissance drill program on the one-kilometre-by-two-kilometre magnetic anomaly at Westwood, part of the Empire district project in Northwestern Ontario.

The first few core boxes in hole 004 confirm that the target mafic-ultramafic rock with magmatic sulphide is present on the opposing side of the complex from the intersection in hole 002 approximately 800 metres away.

First though, WW24-003, completed to 141 metres, was drilled to target a small chargeability anomaly along the magnetic trend with the highway showing 300 metres to the southwest as well as to streamline project logistics for moving the drill to the opposing side of the Westwood magnetic anomaly for hole 004. Drilling hole 003 intersected the same leuco-gabbro that dominated hole 1 and the top of hole 2, along with sulphide-bearing mafic magma mixing zones.

Hole 004, now under way, is an 800-metre stepout from hole 2 and has collared into the same coarse mafic-ultramafic rock with disseminated sulphide. It is on the footwall side of the steeply southeast-dipping polyphase intrusive complex from hole 002. Magnetic susceptibility readings on drill core are relatively low for the target mafic intrusive, but it occurs near magnetite-rich rocks. Consequently, the company is using shallowly inclined holes to successfully target magnetic gradients on 1VD maps around the large magnetic anomaly, in conjunction with EM (electromagnetic) conductivity and IP chargeability anomalies.

The mafic intrusion boundaries are inferred from the DCIP (direct current induced polarization) resistivity/conductivity on Line 2, labelled as deeply weathering mafic rock, and correlates well with the conductivity anomaly from the independent DIGEM airborne survey completed last winter, in December, 2023. The same is true on DCIP Line 1, with hole 002 having cut over 350 metres of mafic-ultramafic rock with variable magmatic sulphide in a similar coincidence of DCIP conductivity and DIGEM conductivity, with deep IP chargeability below.

Justin Daley, VR's chief executive officer, stated: "The goal for first-pass reconnaissance drilling at the Westwood target was to prove the concept for a large and fertile mafic-ultramafic complex, and it is exciting to see in the first few boxes of this hole the same mafic rock with sulphide that we saw in hole 002 on the other side of the multiphase intrusive complex. We are now working to expand our understanding for geophysical controls on this coarse mafic rock that we see in the highway showing and now in holes 2 and 4 some 800 metres apart.

"The drilling so far at Empire has relied on straightforward logistics afforded by the nearby Trans-Canada Highway; and, despite rapidly changing weather at the onset of winter, we remain on track to finish this program on time and on budget. We look forward to providing further updates as we complete this drill program."

About the Empire project

The Empire project consists of 313 mineral claims in one contiguous block covering 10,254 hectares. The project is located on federal Crown land, with mineral rights administered by the Ontario Ministry of Mines. There is a 2-per-cent net smelter royalty on the claims. There are no annual payments, but the ministry requires certain annual exploration expenditures and reporting (mineral assessment reports) in order to maintain a mineral claim in good standing. The project falls within the Lac de Mille Lacs First Nation traditional territories.

Technical information

Surface grab samples and drill core samples were submitted for geochemical analysis to the Agat laboratory in Thunder Bay, Ont. Drill core was logged, cut and sampled at the Holbik Exploration warehouse in Upsala, Ont., with sample preparation completed by Agat in Thunder Bay alongside gold and PGE determination by atomic absorption assay. ICP-MS analyses for base metals, whole rock and trace elements are performed at Agat's laboratory in Calgary, Alta. Analytical results are subject to industry-standard and NI 43-101 compliant quality assurance/quality control sample procedures, including the systematic insertion of sample duplicates, blanks and certified reference material (CRM) done both externally and internally at the laboratory by Agat, as described by Agat. Technical information for this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. The content of this news release has been reviewed on behalf of the company by Justin Daley, MSc, PGeo, president and chief executive officer at VR, and a non-independent qualified person, who oversees and/or participates in all aspects of the company's mineral exploration projects.

About VR Resources Ltd.

VR is an established junior exploration company based in Vancouver. VR evaluates, explores and advances opportunities in copper, gold and critical metals in Nevada, United States, and Ontario, Canada. VR applies modern exploration technologies, in-house experience, and expertise in greenfield exploration to large-footprint systems in underexplored areas/districts. The foundation of VR is the proven record of its board in early-stage exploration, discovery, and M&A (mergers and acquisitions). The company is financed for its mineral exploration and corporate obligations. VR owns its projects outright and evaluates new opportunities on a continuing basis, whether by staking or acquisition.

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