Mr. Paul Jones reports

NUINSCO OPTIONS PARADISE LAKE GOLD PROJECT IN CENTRAL NEWFOUNDLAND

Nuinsco Resources Ltd. has optioned the 3,300-hectare (ha) Paradise Lake gold project, located within the prolifically mineralized central Newfoundland gold district.

The project consists of 132 mineral exploration claims in two separate blocks: respectively, the 108-claim Paradise Lake block; and the 24-claim Pistol Lake block. Historically, widespread and anomalous gold mineralization has been identified across the project area. The project is located approximately 27 kilometres (km) south of Grand Falls-Windsor, directly accessible via local roads and tracks.

Located on the Dunnage zone litho-tectonic domain of central Newfoundland the mineralization at the project is interpreted to be related to the Cape Ray-Valentine Lake structural zone and the Victoria Lake fault zone. These structures are associated with much of the gold mineralization in central Newfoundland, including Equinox Gold's flagship Valentine Lake gold deposit and the Moosehead property operated by Pirate Gold. The Paradise Lake project encompasses an underexplored land package with approximately 10 km of strike length within this highly gold-prospective terrane.

"Nuinsco is excited to be exploring for gold mineralization in such prospective geological terrane as underlies the Paradise Lake project. Previous work has confirmed that gold mineralization occurs widely on the project and high-grade gold mineralization exists at shallow depths, is associated with a mappable structural and alteration system, and has potential for continuity along strike and at depth," said Paul Jones, chief executive officer. "The regional presence of significant gold deposits occurring in similar terrane attests to the potential of the project."

Previous exploration on the project has included airborne magnetic, electromagnetic and radiometric survey, ground induced polarization (IP), prospecting/rock sampling and till sampling, and limited diamond drilling (approximately 3,700 metres (m)). This earlier work has identified widespread anomalous gold mineralization in rock and tills. Six extensive areas of gold anomalous till mineralization have been identified, and 10 areas have been interpreted to be sites of silicified low-sulphidation gold mineralization with highly anomalous gold, silver, arsenic and antimony values. From 965 rock samples collected, 73 samples returned gold values between 0.1 gram per tonne (g/t) and 144.7 g/t gold. Of 1,278 till samples, 53 contain anomalous gold from 10 parts per billion (ppb) to 1.114 g/t gold. Quartz breccias, associated with syenite intrusions, have returned assays up to 14.22 g/t Au. An induced polarization (IP) survey has identified chargeability anomalies along at least 4.5 km with implications for structural controls on the gold mineralization. Diamond drilling has intersected multiple intervals containing gold mineralization and visible gold has been observed. Fifty core intervals were intersected with gold concentration over 0.1 g/t from 0.5 to 10.9 m widths; these intervals include: 6.21 g/t Au over 0.5 m in DDH PL-22-01; 6.00 g/t Au over 0.5 m and 7.75 g/t Au over 0.5 m core intervals in DDH PL-22-07; and 5.43 g/t Au over a 0.5 m core interval in DDH PL-22-12.

The Paradise Lake option agreement is arm's length and dated April 8, 2026. To earn a 100-per-cent interest in the Paradise Lake project, Nuinsco must complete the following.

Cash payments:

• $50,000 within five business days of the effective date;
• $50,000 on or before the first anniversary of the effective date;
• $75,000 on or before the second anniversary of the effective date;
• $100,000 on or before the third anniversary of the effective date;
• $125,000 on or before the fourth anniversary of the effective date.

Share issuances:

• Shares having an aggregate value of $50,000 within five business days of the effective date;
• Shares having an aggregate value of $50,000 on or before the first anniversary of the effective date;
• Shares having an aggregate value of $75,000 on or before the second anniversary of the effective date;
• Shares having an aggregate value of $100,000 on or before the third anniversary of the effective date;
• Shares having an aggregate value of $200,000 on or before the fourth anniversary of the effective date.

Expenditure requirements:

• $250,000 on or before the first anniversary of the effective date;
• $350,000 on or before the second anniversary of the effective date (such that the aggregate expenditures incurred on or before the second anniversary shall be not less than $600,000);
• $400,000 on or before the third anniversary of the effective date (such that the aggregate expenditures incurred on or before the third anniversary shall be not less than $1,000,000);
• $1-million on or before the fourth anniversary of the effective date (such that the aggregate expenditures incurred on or before the fourth anniversary shall be not less than $2-million).

Laura Giroux, PGeo, chief geologist of Nuinsco, is a qualified person as defined under National Instrument 43-101. Ms. Giroux has reviewed and approved the technical content of this news release.

About Nuinsco Resources Ltd.

Nuinsco Resources has over 50 years of exploration success and is a growth-oriented, multicommodity mineral exploration and development company focused on prospective opportunities in Canada and internationally. Currently, the company has the large multicommodity (phosphate, rare earth element, niobium, tantalum) Prairie Lake project near Marathon-Terrace Bay and the Zig Zag Lake property (lithium, tantalum) near Armstrong, optioned to First Class Metals PLC, and retains a net smelter return (NSR) royalty on the Sunbeam gold property near Atikokan.

We seek Safe Harbor.