Dr. Michael Gunning reports

VR RESOURCES ANNOUNCES CLOSING OF OVERSUBSCRIBED $3.15M BROKERED PRIVATE PLACEMENT LED BY CENTURION ONE CAPITAL

VR Resources Ltd. has successfully closing of its previously announced upsized private placement of units of the company. A total of 19,687,500 units, including pursuant to an exercise of the overallotment option, were sold under the offering at a price of 16 cents per unit for aggregate gross proceeds of $3.15-million.

The offering was led by Centurion One Capital Corp. as lead agent and sole bookrunner. Gowling WLG (Canada) LLP acted as counsel to the company, and Cozen O'Connor LLP acted as counsel to the lead agent in connection with the offering.

Dr. Michael Gunning, chief executive officer of the company, commented: "We are delighted to successfully close this oversubscribed financing, thankful for the hard work by Centurion as lead, and appreciative of their role as an anchor investor and core shareholder going forward. This capital enables VR to advance exploration planning at the New Boston tungsten-moly-copper-silver porphyry project, Bonita copper-gold porphyry project and Amsel epithermal gold-silver project, all in Nevada, with a focus on unlocking value for shareholders."

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at a price of 20 cents for a period of 36 months from the date of closing of the offering.

In connection with the offering, on Jan. 19, 2026, the company completed a consolidation of its issued and outstanding common shares on the basis of 10 preconsolidation common shares for one postconsolidation common share. As such, the issue price, exercise price and securities issuable pursuant the offering reflect the implementation of the consolidation.

The net proceeds of the offering will be used for exploration planning at the company's New Boston tungsten-molybdenum-copper-silver porphyry project, the Bonita copper-gold porphyry project and the Amsel epithermal gold-silver project, all in Nevada; marketing; and general working capital purposes. Near-term exploration plans in Nevada include:

• Submission of drill permit for New Boston property, focused on tungsten-molybdenum-copper-silver target at Jeep mine;
• Scoping for drill contract and program at New Boston property;
• Execution of contract for completion of 3-D-array DCIP (direct-current induced polarization) geophysical survey at Bonita project, focused on copper-gold porphyry stock target at Copper Queen.

In connection with the offering, the company paid a cash commission of $241,760, issued 1,605,437 units as a corporate finance fee and issued to the agent and other brokers 1,511,000 non-transferable broker warrants. Each broker warrant entitles the holder to acquire a unit at the issue price for a period of 36 months from the closing date (such units to be on identical terms as the units issued pursuant to the offering). Each corporate finance fee unit comprises one common share and one non-transferable warrant entitling the holder to thereof to one warrant share at the exercise price for a period of 36 months from the closing date.

The units issued under the offering were offered by way of brokered private placement in each of the provinces of British Columbia, Alberta, Quebec and Ontario and in jurisdictions outside of Canada and the United States mutually agreed by the company and the agent provided it was understood that no prospectus filing, registration or comparable obligation arose in such other jurisdiction. Eight hundred thousand units were issued in the United States on a non-brokered basis pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended. The common shares and warrants issued pursuant to the offering and any common shares issued upon the exercise of warrants are subject to a hold period of four months plus one day from the closing date.

VR has entered into an agreement with Ares Capital Markets Group LLC, effective Jan. 20, 2026, for a two-month term at the rate of $90,000 (U.S.) per month. Ares is a U.S.-based investor relations and corporate communications firm helping public companies communicate their story clearly to investors, analysts and the financial media and will provide market support services to the company in accordance with Policy 3.4 of the TSX Venture Exchange. The services will include providing assistance with shareholder communications and market awareness initiatives. Ares will assist the company in co-ordinating a series of announcements over the coming months, including updates related to corporate developments, investment opportunities and issuer growth. Ares and the company are unrelated and unaffiliated entities. Ares does not have any interest, directly or indirectly in the company or its securities or any right or intent to acquire such an interest.

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 M&A (mergers and acquisitions). VR owns its projects outright and evaluates new opportunities on a continuing basis, whether by staking or acquisition.

We seek Safe Harbor.