Dr. Michael Gunning reports

VR RELEASES AGM RESULTS AND PROVIDES UPDATE ON EMPIRE TRANSACTION

VR Resources Ltd. has released the voting results from the company's annual general meeting of shareholders, and has provided a progress update on its Empire transaction.

AGM results: The meeting was held on Aug. 27, 2026, and shareholders voted in favor of all resolutions brought before the meeting, including:

1. Fixing the number of directors of the company at three;
2. Re-electing each of Michael Gunning, Craig Lindsay and Keith Inman the company's board of directors for the ensuing year;
3. Rappointing Davidson & Company LLP as auditor for the company for the ensuing year;
4. Approving the company's rolling stock option plan.

Empire project -- transaction update

The company is also pleased to provide an update on its previously announced farm-out transaction of its Empire and Silverback Cu-Ni-PGM-Au (copper-nickel-platinum group metals-gold) projects (the Empire transaction) in Ontario to Athos Metals Corp.

In connection with the proposed Empire transaction (see VR news releases dated Feb. 26, 2026, and July 16, 2026), Athos is moving forward to complete a go-public transaction. As previously reported, Athos has completed a National Instrument 43-101 technical report for the Empire district project (the technical report) and the TSX Venture Exchange 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 Corp. (TSX-V: MEED.P), a capital pool company listed on the TSX-V that is expected to result in Athos becoming a publicly listed company in the coming months.

Continuing progress on the Empire transaction includes:

1. Add-on inversion products and reports were received from Geotech Ltd. for the VTEM+ airborne survey on July 28, 2026, and Aug. 13, 2026, respectively. A third and independent geophysical summary interpretations report is expected by Sept. 4, 2026;
2. A property site visit by Athos to the Empire district project in Northwestern Ontario is schedulled for early September for drill program scoping and planning;
3. Athos confirmed on Aug. 13, 2026, the anticipated appointments to the board of directors for the resulting issuer;
4. In August, Athos submitted its filing statement to the TSX-V for its proposed go-public transaction with Meed Growth Corp.

Follow-up drilling using the results from the VTEM+ airborne survey completed in May, 2026, is the second, and final, exploration milestone for the proposed Empire transaction. That drilling is anticipated for later this fall, once final data from the airborne survey is received and integrated with existing project data in order to prioritize specific drill targets.

VR and Athos have agreed to extend the outside date for completion of the Empire transaction to Sept. 30, 2026, and to increase the cash consideration payable on closing by Athos to VR from $200,000 to $250,000. Pursuant to the terms of the definitive agreement for the Empire transaction, and following the go-public transaction, VR will hold approximately 9.9 per cent of the listed 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 on April 23, 2026.

Dr. Michael Gunning, chief executive officer of the company, commented: "We are pleased to see the Empire exploration strategy and transaction continue to move forward. We believe in the copper-nickel-PGM-gold potential, and our 9.9-per-cent ownership position in Athos will provide the company with significant exposure to the 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 fall, based on an ongoing integration of an ever-expanding array of the project database in order to prioritize drill targets.

"We look forward to providing further updates as we progress towards close."

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, B.C. 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.

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 Cu-Ni-PGE-Au 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 Corp. (TSX-V: MEED.P), a capital pool company listed on the TSX-V that is expected to result in Athos becoming a publicly listed company in the coming months.

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