Mr. Justin Daley reports

VR RESOURCES INITIATES DOWNHOLE GEOPHYSICS AT WESTWOOD AND STAKES NEW TARGET FOR ITS EMPIRE PROJECT IN NORTHWESTERN ONTARIO

VR Resources Ltd. has provided an update on exploration activities for its Empire project in Northwestern Ontario.

Upon the recent discovery of a polyphase and platinum-group-element-fertile mafic-ultramafic intrusion at the Westwood property, the Empire project and group of properties have been expanded to district-scale to explore additional targets for copper-nickel-platinum-group-element mineralization in previously unrecognized mafic intrusions:

• The Mack property has just been staked to cover a large, kilometre-scale magnetic high associated with anomalous palladium and copper in lake sediment samples from the Ontario Geological Survey, an association that is similar to the five targets and properties already staked and acquired by the company in 2024.

At the Westwood property itself, preparations are under way for a follow-up drill program:

• A borehole electromagnetic survey is under way on hole 2. The survey is designed to target both strong and weak conductors within the mineralized mafic intrusion discovered in phase 1 drilling last December:
  • Strong conductor: magmatic sulphides in a reef-style setting, or a semi-massive melt segregation zone;
  • Weak conductor: late-stage chlorite schist on structure, similar to the Roby ore zone at Lac des Iles mine.
• An amendment to the company's existing permit to include ice drilling has been submitted to the Ministry of Mines and Lac des Mille Lacs First Nation, with turnaround expected by mid-February or earlier. In preparation, an ice-thickening program is under way at Westwood to facilitate simpler logistics on top of and across the southern end of the small lake that covers its priority target within the mafic intrusion based on its drilling to date.

From VR Resources' chief executive officer Justin Daley: "As we prepare for drilling planned to start up next week at our Silverback project, we are also expanding our Empire project group of properties to district scale, to amplify our search for new Cu-Ni-PGE-Au targets in mafic-ultramafic intrusions based on our discovery at Westwood. This part of the western Wabigoon subprovince of the Superior craton in Northwestern Ontario has seen little to no exploration over the past century. As such, we're eager to bring our methodical approach to the district, combining tried and true prospecting on the ground alongside the application of new, state-of-the-art exploration technologies and mineral deposit modelling to both identify and fast-track targets.

"Although there is more work to be done to understand the geological history behind the occurrence of these large mafic intrusions in this part of the Marmion terrane, Westwood has shown us that these magnetic targets with associated PGE and copper geochemistry have potential for the discovery of new and significant polymetallic critical metals systems. We look forward to providing further updates as work continues on the ground on both the Empire and Silverback projects. Assay results for the first three holes at Westwood are expected in the last week of January."

The Mack target

The new claim group, totalling 100 cells and 2,080 hectares, is 36 kilometres east of Westwood and 15 kilometres north of the town of Upsala on year-round forest service roads. It sits adjacent to Mack Station on the old Grand Trunk Railway, running from Lake Superior to Fort William, which has been decommissioned to a roadbed. The staked area covers some of the highest palladium and copper in lake sediment values in the area, reaching 64 parts per million copper and 16 ppm palladium, and is associated with a five-kilometre-long north-northwest-trending regional magnetic high. The magnetic data covering most of the trend are coarse resolution, from a historic Geological Survey of Canada survey in the 1960s, flown at half-mile flight line spacing. There is no historic drilling and little to no outcrop exposure in the area, precluding historic exploration efforts.

About the Empire district project

The Empire project consists of 413 mineral claims in two contiguous blocks covering 12,334 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) 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 National Instrument 43-101-compliant quality assurance/quality control sample procedures, including the systematic insertion of sample duplicates, blanks and certified reference material 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 Resources, 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 Resources is an established junior exploration company based in Vancouver. VR Resources evaluates, explores and advances opportunities in copper, gold and critical metals in Nevada, United States, and Ontario, Canada. VR Resources applies modern exploration technologies, in-house experience and expertise in greenfield exploration to large-footprint systems in underexplored areas/districts. The foundation of VR Resources 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 Resources owns its projects outright and evaluates new opportunities on a continuing basis, whether by staking or acquisition.

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