Dr. Michael Gunning reports

VTEM AIRBORNE SURVEY AND NI43-101 TECHNICAL REPORT COMPLETE FOR VR RESOURCES EMPIRE COPPER-NICKEL-PGM PROJECT IN ONTARIO

VR Resources Ltd. has achieved three important milestones for its previously announced farmout transaction of its Empire and Silverback copper/nickel/platinum group metal/gold projects in Ontario to Athos Metals Corp., a private company:

• VTEM+ (versatile time-domain electromagnetic plus) airborne EM and magnetic survey is complete over Empire, Rambler and Mack properties;
• Athos receives TSX Venture Exchange approval for National Instrument 43-101 technical report;
• Athos enters into merger agreement with Meed Growth Corp., a TSX-V-listed capital pool company, which is expected to result in Athos becoming publicly listed.

As described in the new release dated Feb. 26, 2026, the first major exploration milestone for the proposed transaction is an airborne VTEM+ EM and magnetic survey covering the Empire project, a district-scale copper/nickel/PGM/gold exploration strategy in Northwestern Ontario. That survey is now complete, and final processed data and inversions from the survey are expected by the end of this month.

Follow-up drilling using the results from the VTEM+ airborne survey is the second and final exploration milestone for the proposed transaction and is anticipated for later this summer or fall, once final data from the airborne survey are received and integrated with existing project data in order to prioritize targets.

In connection with the proposed transaction for the Empire and Silverback projects as described in the news release dated Feb. 26, 2026, Athos is moving forward to complete a go-public transaction. As required for the transaction, Athos has completed a National Instrument 43-101 technical report for the Empire district project. The TSX-V confirmed in a letter dated May 26, 2026, that the technical report compliance review established the Empire district project as a property of merit suitable to support Athos's proposed public listing. On June 3, 2026, Athos also announced a definitive merger agreement with Meed Growth, a capital pool company listed on the TSX-V, which is expected to result in Athos becoming a publicly listed company in the coming months.

Pursuant to the terms of the agreement for the transaction and following the go-public transaction, VR will hold 9.9 per cent of the resulting issuer's issued and outstanding shares, among other considerations paid in respect of the transaction. VR received conditional acceptance of the proposed transaction from the TSX-V in a letter dated April 23, 2026.

Dr. Michael Gunning, chief executive officer of the company, commented: "We are pleased to see the Empire exploration strategy and transaction move along with pace. We believe in the copper/nickel/PGM/gold potential, and our 9.9-per-cent position will preserve the future upside potential of this district-scale project that we initiated two years ago.

"Further, that upside potential is near term. With the VTEM+ airborne survey now complete, follow-up drilling is anticipated for later this summer or early fall, based on an ongoing integration of an ever-expanding array of the project database in order to prioritize drill targets.

"I am impressed by the conviction demonstrated by the Athos team so far. We look forward to working with them in a similarly committed process over the coming months towards a successful close and ultimately to the drilling planned for this emerging district, including the mineralized intrusion at Westwood [...] located just off the TransCanada Highway [...]."

Technical information

Technical information disclosed by the company has been prepared in accordance with the Canadian regulatory requirements set out in NI 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 (mergers and acquisitions). VR owns its projects outright and evaluates new opportunities on a continuing basis, whether by staking or acquisition.

About Athos Metals Corp.

Athos Metals is a Canadian mineral exploration company identifying and advancing critical minerals prospects in Canada. Athos's initial focus is the 15,150-hectare Empire district project, a district-scale copper/nickel/platinum group element/gold exploration opportunity in the Marmion terrane of Northwestern Ontario with demonstrated mineralization and discovery potential. On June 3, 2026, Athos announced a definitive merger agreement with Meed Growth, a capital pool company listed on the TSX-V, which is expected to result in Athos becoming a publicly listed company in the coming months.

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