Mr. Justin Daley reports

DRILLING IS UNDERWAY AT VR RESOURCES' SILVERBACK COPPER-GOLD PROJECT IN ONTARIO

Drilling is now under way at VR Resources Ltd.'s Silverback copper-gold project in Northwestern Ontario.

The first hole, SB25-003, is at the southern end of the highest-priority Central Zone (CZ) IP (induced polarization) chargeability anomaly.

Pad-building activities at both SB25-003 and SB25-004 have revealed evidence of shearing, hydrothermal alteration and sulphides for the first time in this area of glacial cover. A porphyry intrusion and disseminated sulphides in carbonate-altered gabbro wallrock have also been noted at the pad area planned for SB25-004 at the northern end of the CZ anomaly east of the main copper-gold showing.

Over all, this phase of drilling at Silverback will focus on two target types: shear-zone-hosted copper-gold-silver mineralization along north-northeast trending structures evident in the company's magnetic data and a common host for gold in the Marmion terrane; and intrusion-related mineralization first observed in a weakly sheared, gold-bearing porphyry intrusion intersected in hole 2 completed earlier in 2024.

Justin Daley, CDS Clearing and Depository Services Inc of VR Resources, stated: "We're excited to have the drill back at Silverback to test chargeability anomalies in our new 3-D DCIP [direct-current induced polarization] data received in December of last year.

"Most important is the CZ anomaly in the centre of the project. It is 1,200 metres long by 300 metres wide and is coincident with mapped structures and high-grade copper, gold and silver in sheared rocks exposed on surface. The first few drill holes at CZ are planned as a widely spaced fence to target areas along the 1.2-kilometre-long anomaly, where there is a strong, near-surface expression of the IP chargeability and associated with local DIGHEM conductors.

"The CZ anomaly is both large, and robust; it integrates with surface showings of polymetallic copper-gold mineralization, structural mapping of shearing, and magnetic, DIGEHEM conductivity and IP resistivity geophysical data. We intend to adjust our planned drilling based on what we see and learn in each hole and look forward to providing further updates as our drilling progresses."

Central zone (CZ) target

CZ is the largest anomaly in the DCIP survey completed last fall at Silverback. It is roughly 1,200 metres long by 300 metres wide and located in the centre of the project area. It follows a north-northeast-trending structural break evident in the company's high-resolution magnetic data. This structure and its splays are associated with outcrops of sheared gabbro with high-grade copper-gold mineralization and with the occurrence of molybdenite on fractures.

The magnetic response of the east-west-trending mafic body is much lower across the IP anomaly, possibly due to demagnetization from hydrothermal alteration along the Central zone structure.

Beyond the 1,200-metre-long IP anomaly, the Central zone structure continues northward, as evidenced by near-surface DIGHEM conductivity anomalies. These may be the result of clay alteration associated with mineralization, as observed in hole 2 completed last spring.

About the Silverback project

The project 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 fall 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 platinum group element 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 (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 NI 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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