Mr. Justin Daley reports

VR RESOURCES OUTLINES TARGETS FOR UPCOMING DRILLING AT SILVERBACK COPPER-GOLD PROJECT IN ONTARIO

VR Resources Ltd. has provided further details on the upcoming drill program planned for later this month at its Silverback copper-gold project in Northwestern Ontario.

The drill program is targeting three high-priority areas identified through the recently completed 3-D array DCIP (direct current induced polarization) chargeability survey completed in late November, 2024.

From VR's chief executive officer, Justin Daley: "Our exploration at Silverback has steadily progressed from broad regional surveys and local prospecting to targeted drilling, all guided by modern mineral deposit modelling. Despite widespread thin glacial cover and few outcrops, we are happy to see important geological and structural features consistently characterized across our independent geophysical data sets.

"We plan to drill test these target areas for mineralization with a series of scout holes designed for optimal logistics and cost-effectiveness. To that end, we are clearing access roads of snow, and cutting drill trails and building pads in the high-priority areas for drilling later this month.

"The remainder of this news release provides an illustration of the targets themselves. We want to highlight the broad array of data involved and emphasize the shear scale of the mineral system across 2.5 [kilometres]. The integration of modern 3-D DCIP technology with both historic and recent airborne [electromagnetic] and magnetic data, together with recent prospecting and drilling on the ground, gives us a clear picture of where mineralization is concentrated. With the newly defined targets -- centred on well-defined shear zone structures and supported by early drilling results -- we are giving ourselves the best chance at identifying areas of remobilized copper and gold mineralization above and within an intrusion-related source."

The 2024 DCIP survey

The survey delineated three near-surface IP anomalies that correlate with conductivity zones in a previous and independent airborne frequency-domain EM and magnetic survey. Each target area shown on-line is focused on north-south-trending shear zones and, more specifically, where these structures intersect the edges of nickel-chrome-bearing mafic-ultramafic bodies and dikes. These mafic intrusions and their contacts are outlined by high magnetic response, are confirmed by prior drilling, and appear to predate the gold-mineralized porphyry intrusion and subsequent shearing. As such, they can provide crucial crustal pathways for hydrothermal fluids and act as chemical traps, making them ideal environments for hydrothermal copper-gold deposition.

Target area 1 -- Central zone (CZ)

• The largest high-amplitude IP anomaly 1.2 km long is in the centre of the project area and follows the north-south-trending structural break. This structure is also associated with outcrops of sheared gabbro with high-grade copper-gold mineralization and with the occurrence of molybdenite on fractures;
• The IP anomaly comes to surface along a parallel trend of shearing, approximately 300 metres east of the main showing in an area of glacial cover;
• The magnetic response of the east-west-trending mafic body forms a trough across the IP anomaly, possibly due to demagnetization from hydrothermal alteration along the Central zone structure;
• To the north, beyond the 1,200-metre-long IP anomaly, the Central zone structure continues as near-surface DIGEM conductivity anomalies, potentially caused by clay alteration, as observed in hole 2 from previous drilling.

Target area 2 -- North Arm (NA)

• Located northeast of the Central zone, the North Arm target area consists of a 400 m by 800 m, low-amplitude chargeability anomaly, along the western edge of a magnetic high, where the east-west-trending mafic intrusion is offset more than one km by the North Arm shear zone;
• Intrusion-related quartz-carbonate veining with sulphide within the mafic intrusion that was discovered during the IP survey occurs where the IP anomaly comes to surface;
• The structure coincides with a six-channel EM anomaly in a historic Ontario Geological Survey publication (OGS map M80524) and also with a shallow DIGEM conductor anomaly from the 2023 survey. The six-channel EM anomaly reflects a subsurface conductive body with strong signals spanning from shallow, fast-decaying responses to deep, slower-decaying responses, indicating potential for a plunging, continuous conductor at the mafic intrusion contact;
• A parallel DIGEM conductor trend, located 200 metres west, may represent a secondary splay of the main structure, bounding the western margin of the Y-shaped IP anomaly.

Target area 3 -- West Dyke (WD)

• The West Dyke target is centred on the intersection of another north-trending shear structure, which dislocates the subparallel West Dyke near hole 2, and a west-northwest crustal structure and trend of IP anomalies;
• The porphyry intrusion in hole 2, roughly 450 metres south of the West Dyke IP anomaly, appears to have intruded along the eastern flank of the West Dyke and is associated with a DIGEM conductor anomaly. That conductivity is coincident with, and likely caused by, the clay and sericite alteration observed alongside the disseminated sulphides and quartz-carbonate veining that coincides with a nearby small IP anomaly.

Rock photos of mineralization

Upcoming drilling at Silverback will target the potential for high-grade remobilized shear zone mineralization within a deposit model for intrusion-related copper, gold and silver mineralization associated with widespread disseminated sulphides, quartz-carbonate veining and sericite-chlorite alteration in an Archean porphyry intrusion, first seen in hole 2 from spring 2024 reconnaissance drilling. The presence of molybdenite on fractures reinforces an intrusive source for copper and gold mineralization at Silverback, yet also speaks to the temperature and intensity of fluid flow carrying these metals into shear-zone structures. Molybdenum, a critical pathfinder in the Hemlo gold camp, is typically found near the strongest gold mineralization, especially where overprinted by later sericite alteration and quartz-carbonate veining.

About the Silverback project

The project now consists of 71 mineral claims in one contiguous block covering 4,442 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 (that is, mineral assessment reports) in order to maintain a mineral claim in good standing. The properties falls within the Lac de Mille Lac 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 (platinum group elements) determination by atomic absorption assay. ICP-MS (inductively coupled plasma mass spectrometry) analyses for base metals, whole rock and trace elements is performed at AGAT's laboratory in Calgary, Alta. Analytical results are subject to industry standard and National Instrument 43-101-compliant QA/QC (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, 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 greenfields 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 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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