Dr. Michael Gunning reports

VR COMPLETES BONDING PROCESS FOR NOI DRILL PERMIT FOR ITS NEW BOSTON MOLY-TUNGSTEN-COPPER-SILVER PORPHYRY PROJECT IN NEVADA

VR Resources Ltd. has completed the standard reclamation bonding process with the Nevada Bureau of Land Management (the BLM) for its notice of intent (NOI) drill permit for its New Boston molybdenum-tungsten-copper-silver porphyry project in Nevada. Concrete planning for a spring drill program is now under way.

The requisite bonding process was completed within ten business days of the issuance of the NOI drill permit. The reclamation bonding covers eight potential drill sites in the Jeep mine area in the western part of the polymetallic porphyry system of sheeted and stockwork veins exposed on surface at New Boston over a strike length of between three and four kilometres. All of the sites have direct road access.

Plans are now under way for an approximately 1,500-metre drill program to test the new IP and conductivity geophysical anomalies at Jeep mine. More specifically, and most importantly, the new drilling will test where IP and conductivity attributes are coincident, representing the potential sulphide centre of the large-footprint vein and alteration system at New Boston.

Dr. Michael Gunning, chief executive officer of the company, commented: "We are appreciative of the efficient execution of the NOI permit application and bonding process by the BLM. With the completion of both, we are excited to start concrete plans for a drill program later this spring.

"Our goal with this program is straight forward; to complete the first-pass drilling across the large-footprint, moly-tungsten-copper-silver porphyry and skarn system that we started in 2024 at East zone. We view the long intersections of continuous stockwork veining with copper and silver mineralization intersected at East zone as the starting point; we believe that the coincidence of IP and conductivity attributes to the west at Jeep mine provide a vector to stronger vein intensity and sulphide concentration, and thus, the potential for a stronger polymetallic intersection including moly and tungsten in addition to copper and silver."

Context

Prior to the submission of the NOI drill permit application for Jeep mine, the inversion models for the state-of-the-art 3-D array DCIP geophysical survey completed in 2023 were reviewed, for best practice, with the team at Dias Geophysical, a leading provider of geophysical services, during the recent AME Mineral Exploration Conference held in Vancouver. Co-spatial and steeply plunging conductivity and IP chargeability anomalies at Jeep mine are now more precisely defined and better understood based on the review, and will be tested in the planned upcoming drilling as the potential vein and sulphide centre of the overall skarn and porphyry system at New Boston.

Conductivity anomalies at East zone identified in that same 2023 DCIP survey were drill tested in 2024 in the first leg of VR's first-pass drilling at New Boston. Copper and silver mineralization were intersected in continuous and intense stockwork veining in more than 1,500 feet of drill core in Hole 002. The planned drilling in the heart of the IP chargeability anomaly and coincident conductivity at Jeep mine hopes to build upon those results in terms of the polymetallic grade potential of polyphase, stockwork veins with molybdenum and tungsten in addition to copper and silver.

Technical information

Technical information disclosed by the company has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Technical information contained in this document, and on the company's website, has been reviewed and approved on behalf of the company by the president and chief executive officer, Dr. Michael Gunning, PhD, PGeo, a non-independent qualified person.

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 mineral systems in underexplored areas/districts. The foundation of VR is the proven record of its board in early stage exploration, discovery, and M&A (merger and acquisition). VR owns its projects outright and evaluates new opportunities on a continuing basis, whether by staking or acquisition.

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