Author: Ravi Shankar

Agreement expands commercialization of Logia’s fuel integrity solutions for standby power in data centers and other mission-critical facilities.

Toronto, Ontario, Oct. 20, 2026 (GLOBE NEWSWIRE) — Fort Technology Inc. (Nasdaq: FRTT, TSXV: FORT) (“Fort” or the “Company”) is pleased to announce that its majority-owned subsidiary, Logia USA Inc. (“Logia USA”), has entered into an exclusive Commercial Distributorship Agreement (the “Agreement”) with Schwab Vollhaber Lubratt, Inc. (“SVL”), a leading Midwest commercial HVAC equipment representative headquartered in Roseville, Minnesota.

Under the Agreement, Logia USA granted SVL the exclusive right to purchase and resell Logia USA’s automated fuel maintenance systems (the “Products”) within certain defined territories (collectively, the “Territories”) comprising:

• the states of North Dakota, Minnesota, Wisconsin and Iowa;
• the Upper Peninsula of Michigan; and
• a broad range of counties in Illinois (including Cook, DuPage, Lake, Kane, Will, McHenry and additional counties as set forth in the Agreement).

Under the terms of the Agreement, SVL is also authorized to pursue further opportunities outside the Territories that it identifies and communicates to Logia USA. Logia USA retains the right to designate certain house accounts.

The Agreement represents an important step in the commercialization of Logia USA’s fuel integrity systems in the United States. Logia USA’s automated systems are designed to maintain the quality of diesel fuel stored for standby generators in accordance with American Society for Testing and Materials (ASTM) D975 standards, a critical reliability factor for data centers and other mission-critical facilities.

The Agreement is effective as of October 12, 2026 and will remain in effect until July 31, 2027, unless earlier terminated in accordance with its terms.

About SVL

Founded in 1967, SVL is one of the Midwest’s established manufacturer’s representatives for commercial heating, ventilation, air-conditioning and related mechanical systems. SVL works closely with building owners, architects, engineers and contractors and has significant activity in commercial, healthcare, institutional and data center projects. SVL’s established relationships with consulting engineers, contractors and end-users in commercial, institutional and data center projects across the Midwest provide a strong platform for introducing these solutions into the region’s growing critical infrastructure market.

About Fort Technology

Fort is engaged in the retail sale of consumer products, primarily serving the pest control and remedial repair industries. Fort develops, markets and sells a range of products for both amateur and professional customers under its proprietary brands, including Roshield, Entopest, Rempro and BirdGo. Products are sold primarily through Amazon marketplaces in the United Kingdom and Europe as well as through other online sales channels. Fort currently serves customers throughout the United Kingdom and continental Europe and plans to expand its retail operations into the United States, subject to applicable regulatory approvals, including through the acquisition of Logia USA Inc., a company focused on selling advanced fuel integrity solutions for data centers and other mission-critical facilities in the United States.

For further information, please contact:
Gabi Kabazo
Chief Executive Officer
Fort Technology Inc.
Telephone: (604) 833-6820
Email: Office@Fort-Tech.io

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws (collectively, “forward-looking statements”). Fort intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be about future events, including the anticipated benefits of the Agreement; the ability of SVL to successfully market, promote and distribute Logia USA’s products throughout the Territories; the expected commercialization and adoption of Logia USA’s fuel integrity solutions within data centers and other mission-critical facilities; the identification of additional sales opportunities outside the Territories; the growth of the Midwest critical infrastructure and data center markets; and the Company’s expectations regarding future revenue growth, customer acquisitions and business development opportunities arising from the Agreement.

The words “anticipate”, “believe”, “expect”, “project”, “predict”, “will”, “forecast”, “estimate”, “likely”, “intend”, “outlook”, “should”, “could”, “may”, “target”, “plan” and other similar expressions can generally be used to identify forward-looking statements. Any forward-looking statements in this press release are based on management’s current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s Form 20-F registration statement (File No. 001-43178), as amended, as filed with the SEC on May 1, 2026 or the Company’s publicly filed documents which are available on SEDAR+ at www.sedarplus.ca. All forward-looking statements contained in this press release speak only as of the date on which they were made. Fort undertakes no obligation to update such statements to reflect changes in assumptions or changes in events that occur or circumstances that exist after the date on which they were made other than as required by applicable laws, rules and regulations.

TORONTO, Oct. 20, 2026 (GLOBE NEWSWIRE) — Future Mineral Resources Inc. (“Future Mineral Resources”, or the “Company”) (TSX: FMR) announced today an anticipated delay in the filing of its audited financial statements for the year ended July 31, 2026, its related management’s discussion and analysis, its annual information form, and the certifications related to such filings required from the Company’s chief executive officer and chief financial officer (collectively, the “Required Filings”) by the filing deadline of October 29, 2026 (the “Deadline”). While every effort is being made to make the Required Filings as soon as possible, the Company is concerned that the Required Filings may not be made by the Deadline.

Out of an abundance of caution in the event that the Company is unable to make the Required Filings by the Deadline, the Company applied to the Ontario Securities Commission (the “Principal Regulator”), Alberta Securities Commission, British Columbia Securities Commission, Financial and Consumer Affairs Authority of Saskatchewan, The Manitoba Securities Commission, Financial and Consumer Services Commission, New Brunswick, Nova Scotia Securities Commission, Financial and Consumer Services Division, Prince Edward Island, Office of the Superintendent of Securities Service, Newfoundland and Labrador, and Autorité des marchés financiers pursuant to National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”) for a management cease trade order (“MCTO”) as an alternative to a general cease trade order in connection with the possible late filing (the “Default”) of the Required Filings. If granted, the MCTO will prohibit trading in securities of the Company by certain insiders of the Company. There is no certainty that an MCTO will be granted. In the event that the MCTO is granted, it will remain in effect until the Default is remedied. The issuance of a management cease trade order generally does not affect the ability of persons who have not been directors, officers or insiders of the Company to trade in their securities.

The Company’s auditor retained to audit the financial statements has advised the Company that it may be unable to complete its audit prior to the Deadline due to the unavailability of certain documentation and supporting information required to initiate the audit process early enough, which resulted in the auditor being unable to complete its planning and preliminary review work in accordance with the expected schedule; therefore, the audit commenced later than anticipated. As a result, the Company requires additional time for the auditor to complete the audit and for the Company to finalize the Required Filings. The Company anticipates that its auditor will be able to complete the audit and the Company will be able to complete the Required Filings by November 16, 2026.

The Company intends to satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the filing requirements described above.

The Company has not taken any steps towards any insolvency proceeding and the Company confirms that there is no material information relating to its affairs that has not been generally disclosed.

The Company has implemented measures to ensure timely completion of the Required Filings and to avoid similar timing issues in future periods. The auditor is now engaged, and audit procedures have been completed. Management and the auditor are finalizing the remaining review items and preparing the Required Filings on an expedited basis.

The MCTO is expected to prohibit trading in securities of the Company, whether direct or indirect, by:

• the Company’s Chief Executive Officer; and
• the Company’s Chief Financial Officer.

Should the Company fail to make its Required Filings on or before November 16, 2026, the Principal Regulator can impose a cease trade order that all trading in securities of the Company cease for such period of time as the Principal Regulator may deem appropriate.

The Company will provide a further announcement if the OSC determines not to accept the Company’s application for an MCTO.

This news release is available under the Company’s SEDAR+ profile at www.sedarplus.ca.

Contact Information:
Indivar Pathak, Chief Executive Officer and President
Future Mineral Resources Inc.
info@futuremineralresources.com
(416) 861-2267

About Future Mineral

Future Mineral is a mining company focused on acquiring and advancing brownfield, development-stage and early production-stage mining projects in the Americas and Europe.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release constitute “forward-looking information” within the meaning of applicable securities laws and the respective policies, regulations and rules under such laws (“forward-looking statements”). These forward-looking statements generally are identified by words such as “anticipate”, “expect”, “intend”, “will” and similar expressions, although not all forward-looking statements contain these identifying words. Specific forward-looking statements in this news release include, but are not limited to, statements regarding (a) the filing of the Company’s annual financial statements for the year ended July 31, 2026, the accompanying management’s discussion and analysis, the Company’s annual information form and the certifications related to such filings required from the Company’s chief executive officer and chief financial officer, and (b) the completion of the audit of the Company’s annual financial statements for the year ended July 31, 2026. Although the Company believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this news release including, without limitation, the risk that the audit may uncover issues, and the risk that the Company may not be able to file the annual filings referred to above within the anticipated timeframe. Additionally, there are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary note. The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable laws.

TORONTO, Oct. 20, 2026 (GLOBE NEWSWIRE) — Q-Gold Resources Ltd. (“QGold” or the “Company”) is excited to announce the start of its 2026 drilling campaign at its Mine Centre Gold Project in Ontario. The planned program will initially focus on targets around the Foley Mine, extending the known veins along strike and dip. A second phase planned for soon after the completion of the initial phase will follow up on the high-grade soil samples achieved during the Company’s summer field mapping and sampling campaign (see the Company’s press release dated September 14, 2026, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca).

Highlights:

• QGold’s 2026 drilling program commenced on September 12, 2026 (Fig. 1).
• The initial phase will target mineralised vein systems approximately 500 m northeast of the Foley Mine, as well as the South Foley area, where drilling is designed to expand the known mineralised zone along strike to the south (Fig. 2).
• The first four planned holes are completed at the Zinc and Twin vein targets in the area south of the historic Foley Mine, and the next holes in the planned drilling program have already been started (Fig. 2).
• The second phase will focus on further expansion of the South Foley mineralised system. Additionally, drilling will test priority showings further to the northeast of the Foley Mine identified during the 2026 summer field program, including areas where high-grade surface gold samples were collected.

QGold has commenced its planned drilling program targeting the Zinc and Twin veins (Fig. 3) and the area south of the historic Foley Mine, where the Bonanza, Jumbo, Vowel, Lucky Joe, Daisy and Foley South veins converge within a few hundred metres of one.

Observed vein widths range from approximately 0.3 metres to several metres. In addition to testing the wider veins, the program will systematically log, map and model smaller, potentially gold-bearing veinlets. This work will improve the understanding of the geometry, distribution and continuity of the vein system and help assess the contribution of these veinlets to the broader mineralised system.

Should drilling confirm sufficient gold grades and continuity across the principal veins and surrounding veinlet network, the results could warrant evaluation of an open-pit mining concept instead of a conventional underground mining option. The suitability of either approach would remain subject to further technical and economic assessment. The additional drilling information and updated geological modelling are intended to support an initial mineral resource estimate for the Foley Mine area, subject to sufficient data quality, drill coverage and demonstrated geological and grade continuity.

Further north, QGold plans to undertake exploratory drilling to follow up on elevated gold values returned from soil sampling near the historical Ferguson showing (Fig. 4).

“We are excited to have resumed drilling in the vicinity of the Foley Mine,” said Dr. Andy Rompel, chief operating officer of the Company. “This phase of the program will follow up on encouraging grab sample results south of the Foley shaft and build on the substantial exploration database already established in this area. Our objective is to advance the project towards an initial mineral resource estimate early next year.

The second phase of this year’s drilling program will test additional exploration targets farther north, following up on promising grab sample results from historic veins in the vicinity of the Manhattan vein and Golden Star Mine, where historical workings date back to the first half of the twentieth century. This work will help us assess the potential to identify additional zones of gold mineralisation beyond the immediate Foley Mine area.”

Figure 1: Drill rig at the Zinc vein drilling hole Q26-27.

Figure 2: Initial planned diamond drill holes in the area south of the historic Foley Mine (light blue pins).

Figure 3: Showing all the thicker veins that converge in the area south of Foley Mine.

Figure 4: High-grade soil samples in the vicinity of the Ferguson showing will be followed up by diamond drilling as part of the planned program.

About Q-Gold Resources Ltd.

Q-Gold Resources Ltd. is a Canadian gold development and exploration company focused on advancing high-quality gold assets in North America. The Company is led by the Quartz Mountain Gold Project in Oregon, USA – a large-scale gold development project with strong economics, long-term scalability and district-scale exploration potential.

QGold remains focused on disciplined project advancement, responsible resource development and long-term shareholder value creation through the development and exploration of high-quality North American gold assets.

Qualified Person

Jason Arnold, P.Geo., President of DCX Geological Consulting is a Qualified Person as defined by NI 43-101 and has reviewed and approved the scientific and technical information contained in this news release. Jason Arnold, P.Geo. is a consultant of the company and is not independent of the Company within the meaning of NI 43-101 – Standards of Disclosure for Mineral Projects.

For further information, please contact:
Peter Tagliamonte
Chairman & Chief Executive Officer
Cell: +1 (416) 564-2880
Q-Gold Resources Ltd.
info@qgoldresources.com | www.qgoldresources.com

Cautionary Statements

This press release contains forward-looking statements, including, but not limited to, statements regarding the Company’s planned summer 2026 exploration campaign at the Mine Centre Gold Project (including anticipated drill targets), establishing a mineral resource estimate at the Foley Mine area in early 2027, anticipated field mapping, channel sampling and diamond drilling activities, the potential identification, delineation and prioritization of additional exploration targets, future drilling, exploration results, project advancement, corporate objectives, plans to advance its gold exploration and development platform. Forward-looking statements are based on management’s current expectations, assumptions and beliefs and are subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such statements, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices and market demand; accidents, labour disputes and shortages; and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate and actual results and future events may differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/80a7b289-7b5c-4c4c-b97e-c85633487737

https://www.globenewswire.com/NewsRoom/AttachmentNg/8712b69c-d271-49b0-973c-ec91eda9825a

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Conference call scheduled for 4:30 p.m. Eastern Time

WALTHAM, Mass., Oct. 20, 2026 (GLOBE NEWSWIRE) — Ardelyx Inc. (Nasdaq: ARDX), (“Ardelyx” or the “Company”) a commercial-stage biopharmaceutical company focused on the development and commercialization of innovative medicines that meet significant unmet medical needs, today announced that management will host a webcast and conference call on Tuesday, November 3, 2026, at 4:30 p.m. Eastern Time to discuss financial results and provide a business update from the third quarter of 2026.

Webcast Information
A live webcast of the conference call and accompanying slides will be available in the “Events and Presentations” section under “News and Events” within the Investors section of the Company’s website at www.ardelyx.com.

An archived replay of the webcast and related presentation materials will be available on the Company’s website following the event.

Conference Call Details
Domestic (toll-free): 877-346-6112
International (toll): +1 848-280-6350

About Ardelyx
Ardelyx is a commercial-stage biopharmaceutical company focused on the development and commercialization of innovative medicines that meet significant unmet medical needs. Ardelyx has two commercial products approved in the United States, IBSRELA® (tenapanor) and XPHOZAH® (tenapanor). The company’s pipeline includes the Phase 3 development of IBSRELA for chronic idiopathic constipation (CIC) and RDX10531, a next-generation NHE3 inhibitor with potential application across multiple therapeutic areas. Ardelyx works with partners to develop and commercialize its products outside of the United States. For more information, please visit https://ardelyx.com/ and connect with us on X (formerly known as Twitter), LinkedIn and Facebook.

Investor Contact:
Lisa Caperelli
SVP, Investor Relations & Corporate Communications
lcaperelli@ardelyx.com

Media Contact:
Lindsey Manuel
Associate Director, Corporate Communications
lmanuel@ardelyx.com

BOSTON, Oct. 20, 2026 (GLOBE NEWSWIRE) — Zevra Therapeutics, Inc. (NasdaqGS: ZVRA) (Zevra, or the Company), a commercial-stage company focused on bringing life-changing therapeutics to people living with rare diseases, today announced it will report corporate and financial results for the third quarter on Tuesday, November 3, 2026, via a news release after the market close, and will host a conference call/audio webcast at 4:30 p.m. ET that day.

A link to the audio webcast will be accessible on the “Events & Presentations” page in the Investor Relations section of Zevra’s website at investors.zevra.com.

To join via telephone, please use the following dial-in information:

• (800) 274-8461 (United States)
• +1 (203) 518-9814 (International)
• Conference ID: ZVRAQ326

A replay of the webcast will be available for 90 days beginning at approximately 5:30 p.m. ET. The replay will be accessible on the “Events & Presentations” page in the Investor Relations section of Zevra’s website at investors.zevra.com.

About Zevra Therapeutics, Inc.

Zevra Therapeutics, Inc. is a commercial-stage company with a late-stage pipeline committed to redefining what is possible in bringing life-changing therapies to people living with rare diseases. The Company is focused on broadening access through geographic expansion opportunities, progressing its pipeline toward key milestones, and delivering meaningful therapeutics. The commercialization of its lead product, marketed in the U.S. for Niemann-Pick disease type C (NPC), a rare, progressive neurodegenerative disease, provides a strong corporate foundation and validates its ability to advance therapies from development to market. Zevra’s vision is realized through disciplined execution of its strategic plan and core values — patient centricity, integrity, accountability, innovation, and courage — which guide its efforts to deliver long-term value.

For more information, please visit www.zevra.com or follow us on X and LinkedIn.

Caution Concerning Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on information currently available to Zevra and its current plans or expectations. They are subject to several known and unknown uncertainties, risks, and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These and other important factors are described in detail in the “Risk Factors” section of Zevra’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission on March 9, 2026, and Zevra’s other filings with the Securities and Exchange Commission. While we may elect to update such forward-looking statements at some point in the future, except as required by law, we disclaim any obligation to do so, even if subsequent events cause our views to change. Although we believe the expectations reflected in such forward-looking statements are reasonable, we cannot assure that such expectations will prove correct. These forward-looking statements should not be relied upon as representing our views as of any date after the date of this press release.  

Investor Contact

Nichol Ochsner 
+1 (732) 754-2545 
nochsner@zevra.com  

Media Contact

Julie Downs
+1 (508) 246-3230
jdowns@zevra.com

Canada Sells 51% More Units in Two Days Than During Last Year’s Four-Day Event
U.S. Units Up 25% for a Third Straight Record, With Zero Sugar Leading in Both Countries

MONTRÉAL, Oct. 20, 2026 (GLOBE NEWSWIRE) — GURU Organic Energy Corp. (TSX: GURU) (“GURU” or the “Company”), Canada’s leading organic energy drink brand¹, today announced record results on Amazon in both Canada and the United States during Amazon’s October Prime Big Deal Days event, held on October 6 and 7, 2026.

In just two days, GURU sold 51% more units on Amazon.ca than during last year’s entire four-day event, making this the Company’s largest Prime Big Deal Days ever in Canada². In the United States, units sold rose 25% over last year’s two-day event, marking GURU’s third consecutive record Prime Big Deal Days on Amazon.com.

A RECORD DAY IN CANADA
October 6 was the best day in GURU’s history on Amazon.ca, for both dollar sales and units sold. The Company sold about 50% more units that day than on its previous best day, and more than twice as many as on the opening day of last year’s event.

Third-party data shows GURU also gained ground in the category. According to Stackline estimates, GURU was the #2 energy drink brand by sales on Amazon.ca during the week of the event and grew its share of category sales compared with the same week last year. Stackline also ranked the GURU Zero Variety Pack as the top-selling energy drink product of any brand on Amazon.ca³.

A THIRD STRAIGHT RECORD IN THE UNITED STATES
On Amazon.com, October 6 was GURU’s second-best sales day ever, behind only the opening day of Amazon’s Prime Day event in June 2026. Over the past two years, GURU’s U.S. unit sales during Prime Big Deal Days have grown nearly 70%.

ZERO SUGAR LEADS THE WAY
GURU’s Zero Sugar line, the focus of the Company’s innovation over the past year, led the event. Zero Sugar products made up nearly half of GURU’s units sold on Amazon.ca and about four in ten on Amazon.com, with the GURU Zero Variety Pack as the Company’s top seller in both countries. In the United States, Zero Sugar accounted for most of the year-over-year unit growth. The three Sorbet-inspired flavors launched since last year’s event (GURU Zero Dragon Fruit Cherry Sorbet, Orange Raspberry Sorbet, and Tropical Sorbet) all added new volume in both markets.

“Prime Big Deal Days is where shoppers vote with their carts, and this year they chose GURU in record numbers. In Canada, we sold more in two days than we did in four last year, and in the U.S. we posted a third straight record. Just as important is where that growth came from: our Zero Sugar line, the focus of our innovation this year, led the way in both countries. We head into the holiday season with real momentum,” commented Tyler Ricks, Executive Chair at GURU.

LOOKING AHEAD
GURU now turns to Black Friday and Cyber Monday on Amazon and on guruenergy.com. Last year, that period delivered record Amazon results for the Company in both markets.

About GURU Organic Energy
GURU Organic Energy Corp. (TSX: GURU) is a dynamic, fast-growing beverage company that launched the world’s first natural, plant-based energy drink in 1999. The Company markets organic energy drinks in Canada and the United States through an estimated distribution network of about 25,000 points of sale, and through www.guruenergy.com and Amazon. GURU has built a category-defining brand with a clean list of organic ingredients, including natural caffeine, and no artificial sweeteners, zero sucralose and zero aspartame, which offer consumers Good Energy^® that never comes at the expense of their health. The Company is committed to achieving its mission of cleaning up the energy drink industry in Canada and the United States. For more information, go to www.guruenergy.com or follow us @guruenergydrink on Instagram, @guruenergy on Facebook and @guruenergydrink on TikTok.

To explore GURU’s range of organic energy drinks, visit www.guruenergy.com or find us on Amazon.

For Further Information, Please Contact:

GURU Organic Energy Ingy Sarraf, Chief Operating Officer and Chief Financial Officer 514-845-4878 investors@guruenergy.com

strat.eko Francois Kalos francois.kalos@guruenergy.com

Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information includes, but is not limited to, information with respect to the Company’s objectives and the strategies to achieve these objectives, as well as information with respect to management’s beliefs, plans, expectations, anticipations, estimates, and intentions. This forward-looking information is identified by the use of terms and phrases such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “believe”, or “continue”, the negative of these terms and similar terminology, including references to assumptions, although not all forward-looking information contains these terms and phrases. Forward-looking information is provided for the purposes of assisting the reader in understanding the Company and its business, operations, prospects, and risks at a point in time in the context of historical and possible future developments and therefore the reader is cautioned that such statements may not be appropriate for other purposes. Forward-looking information is based upon a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond management’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the following risk factors, which are discussed in greater detail under the “RISK FACTORS” section of the annual information form for the year ended October 31, 2025: management of growth; reliance on key personnel; reliance on key customers; changes in consumer preferences; significant changes in government regulation; criticism of energy drink products and/or the energy drink market; economic downturn and continued uncertainty in the financial markets and other adverse changes in general economic or political conditions, as well as geopolitical developments, global inflationary pressure or other major macroeconomic phenomena; global or regional catastrophic events; fluctuations in foreign currency exchange rates; inflation; revenues derived entirely from energy drinks; increased competition; relationships with co-packers and distributors and/or their ability to manufacture and/or distribute GURU’s products; seasonality; relationships with existing customers; changing retail landscape; increases in costs and/or shortages of raw materials and/or ingredients and/or fuel and/or costs of co-packing; failure to accurately estimate demand for its products; history of negative cash flow and no assurance of continued profitability or positive EBITDA; repurchase of common shares; intellectual property rights; maintenance of brand image or product quality; retention of the full-time services of senior management; climate change; litigation; information technology systems; fluctuation of quarterly operating results; changes in government policies and international trade regulations; conflicts of interest; consolidation of retailers, wholesalers and distributors and key players’ dominant position; compliance with data privacy and personal data protection laws; management of new product launches; use of third-party marketing, including celebrities and influencers; review of regulations on advertising claims, as well as those other risk factors identified in other public materials, including those filed with Canadian securities regulatory authorities from time to time and which are available on SEDAR+ at www.sedarplus.ca. Additional risks and uncertainties not currently known to management or that management currently deems to be immaterial could also cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. Although the forward-looking information contained herein is based upon what management believes are reasonable assumptions as at the date they were made, investors are cautioned against placing undue reliance on these statements, since actual results may vary from the forward-looking information. Certain assumptions were made in preparing the forward-looking information concerning availability of capital resources, business performance, market conditions, and customer demand. Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that management anticipates will be realized or, even if substantially realized, that they will have the expected consequences or effects on the business, financial condition, or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein is provided as of the date hereof, and management does not undertake to update or amend such forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by applicable law.

¹ Nielsen, 52-week period ended September 5, 2026, All Channels, Canada vs. same period a year ago.
² Units sold on Amazon.ca and Amazon.com, excluding cancelled orders. Event periods compared: October 6 and 7, 2026, versus October 7 to 10, 2025 in Canada and October 7 and 8, 2025 in the United States. Records refer to GURU’s own sales history on each marketplace. Zero Sugar figures are based on Amazon Seller Central units ordered during the 2026 and 2025 events.
³ Stackline, Amazon.ca Energy Drinks category, retail sales, October 4 to 10, 2026, versus October 5 to 11, 2025. Figures are Stackline estimates.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1cf7104e-d507-4c68-99dc-b0990111d0a3

MONTRÉAL, Oct. 20, 2026 (GLOBE NEWSWIRE) — NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce the results of data compilation and reinterpretation work involving geological and geophysical information on the James Bay Niobium Project, located 45 km south of the community of Moose Factory, Ontario. It should be noted that NioBay holds both an exploration permit and a mining lease valid until 2028 for this area. The work was carried out by Ronacher McKenzie Geoscience Inc. (“RMG”) of Sudbury.

Land Acknowledgement
NioBay’s Board of Directors acknowledges that the James Bay Niobium Project is located within the area covered by Treaty 9 and forms part of the traditional territory of the Moose Cree First Nation. We respect the Indigenous rights and interests of the Moose Cree and the Indigenous communities covered by Treaty 9.

Highlights

• The 2026 compilation and reinterpretation of geological and geophysical data completed on the James Bay Niobium Project demonstrate the property’s strong exploration potential.
• The mineralized envelope has returned grades of up to 2.66% Nb₂O₅.
• New exploration targets, as well as a possible extension of the mineralization in Zone 2-3, have been identified.
• NioBay holds an exploration permit and also maintains a mining lease that remains valid in this area until 2028.
• NioBay continues to engage with members of the local community and intends to further strengthen partnerships with Cree contractors in the region during the 2027 and 2028 field seasons.

Methodology Used by RMG to Identify New Targets

• Review and evaluation of existing geophysical data.
• Preparation of magnetic filtering products.
• Completion of 3D inversion modeling of airborne magnetic survey data.
• Integration of all geoscientific and exploration data and products.
• Evaluation of targets generated through machine learning by Mira Geoscience.
• Generation of new targets following a geoscientific assessment of the property.

Message from NioBay’s President and CEO of NioBay
“We are pleased to announce the results of RMG’s work, which demonstrate the strong potential of our property. The 2026 fieldwork also enabled us to better position historical information and benefit from geophysical survey data,” said Jean-Sébastien David, P.Geo., President and Chief Executive Officer of NioBay. “It is on the basis of these new data that we will direct the planning of our upcoming field programs.”

Figure 1 – Property Map

NioBay Mining Claims: 66.75 km², James Bay Niobium Mining Lease: 25.85 km²

Figure 2: Base case for the study: mineralization on the James Bay Niobium Project (Target No. 2).

Figure 3: Mira Target No. 2 (James Bay Niobium) and 3, situated 150 m south of the James Bay Niobium Project (Reduction-to-Pole map with shaded tilt filter).

Eastern View (James Bay Niobium and Target No. 3)

Northern View (James Bay Niobium and Target No. 3)

Northwestern View (James Bay Niobium and Target No. 3)

Figure 4: New Target Map of the NioBay Property and the James Bay Niobium Project

Qualified Person 

The work conducted by Carl-Philippe Folkesson, M.Sc., P.Geo., of Ronacher McKenzie Geoscience Inc., as well as this press release, has been reviewed and approved by Jean-Sébastien David, P.Geo., a qualified person under National Instrument 43-101. Mr. David is President and Chief Executive Officer of NioBay.

About NioBay Metals Inc.
NioBay aims to become a leader in the development of mine(s) with low carbon consumption and responsible water and wildlife management practices while prioritizing the environment, social responsibility, good governance, and the inclusion of all stakeholders. Our top priority, which is critical to our success, is the consent and full participation of the Indigenous communities in whose territories and/or on ancestral lands we operate. In addition to other properties, NioBay holds a 100% interest in the James Bay Niobium Project located 45 km south of Moosonee, in the Moose Cree Traditional Territory of the James Bay Lowlands in Ontario. NioBay also holds an 87.14% interest in the Crevier Niobium and Tantalum project located in Québec and on the Nitassinan (ancestral territory) of the Pekuakamiulnuatsh First Nation.

About Niobium
Niobium is a naturally occurring element. It is a metal that is ductile, malleable and highly resistant to corrosion. Because it enhances properties and functionalities, niobium is used in a wide range of materials and applications in the Mobility, Structural and Energy sectors. Niobium transforms materials. When added to materials like steel, glass and aluminum castings, niobium makes them more efficient and lowers environmental impacts, while also increased value.

Cautionary Statement
Certain statements contained in this press release constitute forward-looking information under Canadian securities laws, including statements regarding the Company’s plans. These statements are necessarily based on a number of beliefs, assumptions, and opinions of management as of the date they are made and are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. The Company assumes no obligation to update these forward-looking statements should management’s beliefs, estimates, or opinions, or other factors, change, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. 

FOR MORE INFORMATION, CONTACT:

NioBay Metals Inc. Jean-Sebastien David, geo. President & Chief Executive Officer Tel.: 514 866-6500 jsdavid@niobaymetals.com www.niobaymetals.com	Kimberly Darlington Investor Relations kimberly@refinedsubstance.com Tel: 514-771-3398

Photos accompanying this announcement are available at 

https://www.globenewswire.com/NewsRoom/AttachmentNg/58330377-0448-42d2-bb6e-b12f3fad7904

https://www.globenewswire.com/NewsRoom/AttachmentNg/17c58837-d03e-4007-81b1-9bc41747325d

https://www.globenewswire.com/NewsRoom/AttachmentNg/a354d20e-6a61-4680-8068-ccb748ef8d94

https://www.globenewswire.com/NewsRoom/AttachmentNg/69156d8f-f60f-4c37-bd67-221c6355cd9e

https://www.globenewswire.com/NewsRoom/AttachmentNg/d18a4e83-0e69-4115-9797-707b8bca94c7

https://www.globenewswire.com/NewsRoom/AttachmentNg/a619a866-ae85-41bf-9700-18d473c6c842

https://www.globenewswire.com/NewsRoom/AttachmentNg/69da5701-b71f-4219-9854-499b02bde4fa

Second Energy Risk award of 2026 recognizes Abaxx’s work to meet global demand for modern commodity benchmarks

TORONTO and SINGAPORE, Oct. 20, 2026 (GLOBE NEWSWIRE) — Abaxx Technologies Inc. (TSX:ABXX)(OTCQX:ABXXF) (“Abaxx” or the “Company”), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, “Abaxx Exchange” and “Abaxx Clearing”), today announced that Risk.net has named Abaxx Exchange “Newcomer of the Year” at the 2026 Energy Risk Asia Awards.

The Energy Risk Asia Awards recognize innovation and expertise in commodity trading and risk management across the Asia-Pacific region. This award brings further regional recognition to Abaxx Exchange, following its Newcomer of the Year win at the Energy Risk Awards in May. This category recognizes emerging companies, or established firms entering new markets, that have demonstrated growth, market relevance, and contribution within their first three years of operation.

Since trading commenced in June 2024, Abaxx Exchange has introduced 18 commodity futures contracts, including the only physically deliverable LNG futures traded globally and the only U.S. dollar-denominated, physically deliverable nickel sulphate and lithium carbonate futures outside China. In precious metals, Abaxx offers U.S. dollar-denominated kilobar gold futures and 1,000-troy-ounce, four-nines silver futures, both are the only of their kind deliverable into Singapore. Its Gold Singapore (GKS) contract was named Best Innovation by an Exchange or Clearing House at the 2026 FOW Asia Pacific Awards last month.

“It’s an honor to receive our second Energy Risk award this year, recognizing our role in connecting global commodity markets,” said Russell Robertson, Chief Business Development Officer at Abaxx Exchange. “Energy systems and trade flows are changing and market participants need new tools to better manage risk. Abaxx is introducing new commodity futures benchmarks to meet that need, and we are grateful to our growing trading and clearing community for their partnership as we support Singapore’s role as a vital trading center connecting the global economy.”

About Abaxx Technologies
Abaxx Technologies Inc. (TSX: ABXX | OTCQX: ABXXF) is building Smarter Markets: markets empowered by better tools, better benchmarks, and better technology to drive market-based solutions to the biggest challenges we face as a society, including the energy transformation and the transition to an AI-augmented economy.

In addition to developing and deploying financial technologies that make communication, trade, and transactions easier and more secure, Abaxx is the majority shareholder of Abaxx Singapore, the owner of Abaxx Exchange and Abaxx Clearing, parent company of wholly owned subsidiaries Abaxx Spot and Adaptive Infrastructure, and founder of Abaxx Labs and the SmarterMarkets™ podcast.

For more information, visit investors.abaxx.tech, abaxx.exchange, abaxxspot.com and smartermarkets.media

For more information about this press release, please contact:
Steve Fray, CFO
Tel: +1 647-490-1590

Media Inquiries
Tara Hayes
Email: tara@abaxx.tech

Investor Inquiries
Tel: +1 246 271 0082
E-mail: ir@abaxx.tech

Cautionary Statement Regarding Forward-Looking Information

This press release includes certain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian and United States securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “believe”, “anticipate”, “estimate”, “project”, “intend”, “expect”, “may”, “will”, “plan”, “should”, “would”, “could”, “target”, “propose”, “goal”, “objective”, “ongoing”, “potential”, “likely” or the negative thereof or similar expressions.

In particular, this press release contains forward-looking statements including, without limitation, Abaxx’s objectives and future plans and the introduction of the next generation of commodity futures benchmarks to meet the needs of market participants. Forward-looking statements are based on the reasonable assumptions, estimates, analyses and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Such factors impacting forward-looking information include, among others: risks relating to the global economic climate; the risk that trading volume, average daily volume, and open interest on Abaxx Exchange may not continue to grow, or may decline, if the liquidity-related credits provided under Abaxx’s market maker and liquidity provider programs are reduced, discontinued, or otherwise changed, or if market participants who currently trade on Abaxx Exchange in connection with such programs do not continue to trade, or do not increase their trading activity, independently of such programs; failure or delays related to the onboarding of clearing members; dilution; Abaxx’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for Abaxx to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of intellectual property and proprietary rights; the effect of government regulation and compliance on Abaxx and the industry; acquiring and maintaining regulatory approvals for Abaxx’s products and operations; the ability to list Abaxx’s securities on stock exchanges in a timely fashion or at all; the failure of energy, commodity markets and collateral use cases to develop according to the expectations of Abaxx; risks related to operations in foreign jurisdictions; network security risks; the ability of Abaxx to maintain properly working systems; reliance on key personnel; contractual risk; third-party risk; clearinghouse risk; malicious actor risks; third-party software license risk; system failure risk; risk of technological change; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; volatile securities markets impacting security pricing unrelated to operating performance; changes in global weather patterns; changes in the price of commodities, capital market conditions, restrictions on labor and international travel and supply chains, and the risk factors identified in the Company’s most recent management’s discussion and analysis filed on SEDAR+. In addition, particular assumptions which could impact future results of the business of Abaxx include, but are not limited to, Abaxx’s assumption that: trading volume and liquidity on Abaxx Exchange will continue to develop over time, independently of its market maker and liquidity provider programs; additional clearing members will complete onboarding and begin clearing activities according to Abaxx’s expectations; Abaxx will be able to execute its business plan and growth strategy; Abaxx will retain or successfully replace its key personnel; Abaxx will protect its intellectual property rights; energy and commodity markets will continue to develop according to Abaxx’s expectations; collateral use cases for Abaxx’s products will develop in line with Abaxx’s expectations, the demand for centrally cleared, physically deliverable futures and derivatives will grow as anticipated; regulatory approvals required for Abaxx’s products and operations will remain in good standing or will be obtained as required; applicable laws and regulations will not change in a way that adversely affects Abaxx’s business, and that its technology, systems and infrastructure will operate as intended without significant failure, security breach or disruption; third-party service providers, clearing and settlement partners and other service providers will continue to perform their obligations and act according to Abaxx’s expectations; general economic and capital market conditions, commodity prices, currency exchange rates and the supply chain environment will not deteriorate in a way that materially affects Abaxx or its participants, and that Abaxx’s competitive environment will not change materially. Abaxx has also assumed that no significant events occur outside of Abaxx’s normal course of business.

Abaxx cautions that the foregoing list of material factors and assumptions is not exhaustive. In addition, although Abaxx has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. There can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements and information contained in this press release represent the expectations of Abaxx as of the date of this press release and, accordingly, are subject to change after such date. Abaxx undertakes no obligation to update or revise any forward-looking statements and information, whether as a result of new information, future events or otherwise, except as required by law. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements and information. Neither the Toronto Stock Exchange nor any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Drills 7.50 m of 5.02 g/t Gold, Including 0.50 m of 18.55 g/t Gold, in Hole THN26-393 and

54.00 m of 1.09 g/t Gold and 0.50 m of 37.10 g/t Gold in Hole THN26-394

VANCOUVER, British Columbia, Oct. 20, 2026 (GLOBE NEWSWIRE) — Brixton Metals Corporation (TSX-V: BBB, OTCQX: BBBXF) (the “Company” or “Brixton”) is pleased to announce initial metallurgical testwork results and the final drill results from the Trapper Gold Target at its wholly owned Thorn Project in NW British Columbia, Canada. The two infill holes reported herein, THN26-393 and THN26-394, complete the Company’s 2026 drilling and assay reporting at Trapper. The Company drilled both holes to include them in the maiden Mineral Resource Estimate (“MRE”) now being prepared with APEX Geoscience Ltd. for the Trapper gold system. The initial metallurgical results provide a first indication of gold recoveries at Trapper ahead of the maiden MRE, which the Company expects to report in the first quarter of 2027.

Highlights

• Initial scoping-level testwork on a single high-grade composite from Trapper (10.3 g/t Au and 27.6 g/t Ag) returned a combined gravity and rougher flotation gold recovery of 97.0%
• Gravity concentration recovered 12.3% of the gold into a concentrate grading 1,486 g/t Au; a screened metallic assay of 13.9 g/t Au indicates the presence of coarse gold
• Both drill holes reported herein returned wide, near-surface gold mineralization at Trapper, each with multiple high-grade intervals, and visible gold was logged in THN26-394. The Trapper gold zone remains open for expansion
• Hole THN26-393 returned 120.00 m of 0.67 g/t gold and 3.91 g/t silver from 19.50 m depth
  • Including 15.00 m of 1.43 g/t gold and 3.33 g/t silver from 43.50 m depth
    • and including 0.50 m of 18.05 g/t gold and 8.20 g/t silver from 56.00 m depth
  • Including 7.50 m of 5.02 g/t gold and 30.58 g/t silver from 70.00 m depth
    • and including 0.50 m of 18.55 g/t gold and 115.00 g/t silver from 76.00 m depth
• Hole THN26-394 returned 138.00 m of 0.80 g/t gold and 2.34 g/t silver from 29.00 m depth
  • Including 28.50 m of 1.28 g/t gold and 2.04 g/t silver from 29.00 m depth
    • and including 0.50 m of 37.10 g/t gold and 13.90 g/t silver, with visible gold, from 57.00 m depth
  • Including 54.00 m of 1.09 g/t gold and 3.63 g/t silver from 82.00 m depth

Gary R. Thompson, Chairman and CEO, stated, “It’s great to see several high-grade intervals, including half a meter grading 37.10 g/t gold. We are encouraged by the first metallurgical results from Trapper, where scoping-level testwork returned 97.0% combined gravity and rougher flotation gold recovery. Both holes drilled were positioned specifically to feed the maiden resource estimate we are preparing at Trapper with APEX Geoscience, which is anticipated early in 2027.”

Figure 1. Thorn Project target locations, showing gold-in-soil and gold-in-rock sample results.

Table 1. Selected assay intervals from Trapper holes THN26-393 and THN26-394.

Hole ID	From (m)	To (m)	Interval (m)	Au (g/t)	Ag (g/t)
THN26-393	19.50	139.50	120.00	0.67	3.91
including	43.50	58.50	15.00	1.43	3.33
and including	56.00	56.50	0.50	18.05	8.20
including	70.00	77.50	7.50	5.02	30.58
and including	76.00	76.50	0.50	18.55	115.00
THN26-394	29.00	167.00	138.00	0.80	2.34
including	29.00	57.50	28.50	1.28	2.04
and including	57.00	57.50	0.50	37.10	13.90
including	82.00	136.00	54.00	1.09	3.63
including	147.80	154.00	6.20	1.21	1.50

All reported grades are length-weighted averages. Reported intervals are drill core lengths; true widths of the mineralized intervals have not yet been determined. Composite intervals were selected using gold as the lead element at a 0.30 g/t Au cut-off, built from contiguous samples with unlimited internal dilution. A composite is reported only where it contains at least one sample exceeding 1.00 g/t Au or 50 g/t Ag; holes with no such sample are reported as having no significant intercepts. Intervals labelled “including” are contiguous runs of samples exceeding one or more of those thresholds.

Discussion

The objective of the 2026 drilling at the Trapper Gold Target was to test the continuity, width and grade of the broad near-surface gold zone hosted by Cretaceous quartz diorite and Triassic Stuhini volcanic rocks, and to provide the drill density required to support the Company’s maiden Mineral Resource Estimate for the target. Trapper sits within a northwest-southeast trending gold-in-soil anomaly measuring approximately 4 km by 1.5 km, and visible gold has been documented in drill core and in surface outcrop across the target area.

Hole THN26-394 returned a shoulder of 138.00 m of 0.80 g/t gold and 2.34 g/t silver from 29.00 m depth. That interval contains two distinct higher-grade zones. The first, 28.50 m of 1.28 g/t gold and 2.04 g/t silver from 29.00 m, hosts 0.50 m of 37.10 g/t gold from 57.00 m, the highest gold assay of the two holes. The second, 54.00 m of 1.09 g/t gold and 3.63 g/t silver from 82.00 m, including visible gold (Figure 2), demonstrates that grade is not restricted to the first few tens of metres of the hole. A further 6.20 m of 1.21 g/t gold was returned from 147.80 m, near the base of the same interval.

Figure 2. Visible gold in drill core from hole THN26-394 at 106.25 m depth.

Hole THN26-393 returned 120.00 m of 0.67 g/t gold and 3.91 g/t silver from 19.50 m depth. The interval begins close to surface and is continuous, reflecting pervasively mineralized quartz diorite cut by sheeted quartz-sulphide veinlets rather than a single narrow structure. Within that interval, the hole returned two higher-grade zones. The first, 15.00 m of 1.43 g/t gold and 3.33 g/t silver from 43.50 m, hosts 0.50 m of 18.05 g/t gold from 56.00 m. The second, 7.50 m of 5.02 g/t gold and 30.58 g/t silver from 70.00 m, hosts 0.50 m of 18.55 g/t gold and 115.00 g/t silver from 76.00 m (Figure 3).

Figure 3. Galena, sphalerite and chalcopyrite in hole THN26-393 at 76.20 m depth (sample N198297), which assayed 18.55 g/t Au and 115.00 g/t Ag.

Taken together, the two holes describe the Trapper system as a set of stacked, higher-grade gold zones sitting within a much larger envelope of continuous, lower-grade mineralization that begins at or near surface. Each hole carried grade over more than 100 m of core length, with roughly one-fifth of that length in THN26-393 and nearly two-thirds in THN26-394 grading above 1.00 g/t gold. This geometry of wide mineralized shoulders with internal high-grade cores, and with visible gold logged in the highest-grade interval of THN26-394, is consistent with previous Trapper drilling, where visible gold has been recognized in base-metal veins and veinlets, quartz stockwork, sulphosalt-pyrite veinlets and as disseminations within the diorite. The Trapper gold zone remains open for expansion.

Both holes were drilled with the intention of including them in the maiden Mineral Resource Estimate for the Trapper Gold Target, and the results reported herein complete the Company’s assay reporting for Trapper. Work on that estimate is now underway with APEX Geoscience Ltd., in parallel with the maiden estimates for the Camp Creek high-sulphidation zone and the deeper Camp Creek porphyry. The Company expects to report all three in the first quarter of 2027.

Figure 4. Long section A–A′ at Trapper showing gold assays from holes THN26-393 and THN26-394 and the continuity of the near-surface gold zone.

Long section A–A′ is oriented 315°–135° (looking northeast), parallel to the main gold trend at Trapper, and is offset 20 m southwest of the THN26-393 and THN26-394 collars. Assays from previous drilling within ±40 m of the section line are projected onto the section and shown where ≥1.0 g/t Au. The 0.5 g/t Au contour was interpolated by inverse distance weighting of all assays within the projection window (Au capped at 10 g/t for contouring only) and is illustrative only; it does not represent a mineral resource. Intervals are core lengths; true widths are not yet known.

Table 2. Collar information for holes reported herein, Trapper Gold Target, Thorn Project. UTM NAD83 Zone 9.

Hole ID	Easting (m)	Northing (m)	Elevation (m)	Azimuth	Dip	Depth (m)
THN26-393	630376	6485538	1282.0	268	-45	171.00
THN26-394	630333	6485601	1296.0	282	-66	186.00

Figure 5. Plan map of drilling at Trapper showing selected callouts to date, including the 2026 holes reported herein.

Quality Assurance & Quality Control

Quality assurance and quality control protocols for drill core sampling were developed by Brixton. Core samples were mostly taken at 1.50 m intervals. High-grade intervals were taken at 0.50 to 1.50 m intervals. Blank, duplicate (lab pulp) and certified reference materials were inserted at a combined rate of up to 15%. Core samples were cut in half, bagged, zip-tied and sent directly to the ALS Minerals preparation facility in Whitehorse, Yukon, or Langley, British Columbia, depending on available lab capacity. ALS Minerals Laboratories is registered to ISO 9001:2015 and ISO 17025:2017 accreditations for laboratory procedures. Samples were analyzed at ALS Laboratory Facilities in North Vancouver, British Columbia, for gold by fire assay with an atomic absorption finish, whereas Ag, Pb, Cu, Zn, and 48 additional elements were analyzed using four-acid digestion with an ICP-MS finish. Over-limit gold samples were analyzed using fire assay and gravimetric finish. The standards, certified reference materials, were acquired from CDN Resource Laboratories Ltd., of Langley, British Columbia, and the standards inserted varied depending on the type and abundance of mineralization visually observed in the primary sample. Blank material used consisted of non-mineralized siliceous landscaping rock. A copy of the QAQC protocols is available on the Company’s website.

About the Metallurgical Results

Brixton has received initial scoping-level metallurgical test results on a high-grade composite sample from the Trapper zone. SGS Canada Inc., an independent laboratory, completed the testwork, which consisted of gravity concentration followed by rougher flotation of the gravity tailings at a target primary grind size of 80% passing 75 µm (P80).

The composite assayed 10.3 g/t Au (average of duplicate fire assays) and 27.6 g/t Ag. A screened metallic assay returned 13.9 g/t Au, indicating coarse gold.

Gravity concentration recovered 12.3% of the gold into 0.08% of the feed mass, at a concentrate grade of 1,486 g/t Au. Rougher flotation of the gravity tailings recovered a further 96.6% of the remaining gold into a rougher concentrate grading 33.9 g/t Au and 91.8 g/t Ag. Combined gravity and rougher flotation gold recovery was 97.0%. Final silver recoveries are pending.

Table 3. Trapper composite – gravity and rougher flotation results.

Stage	Mass (%)	Au grade (g/t)	Ag grade (g/t)	Au recovery (%)
Gravity concentrate	0.08	1,486	476	12.3
Rougher concentrate (stages 1–2)*	25.3	33.9	91.8	96.6*
Overall (gravity + rougher flotation)				97.0

*Stage recovery from the gravity tailings.

The Trapper composite was prepared from 12 bags of quarter core (approximately 101 kg) selected from high-grade drill intercepts in the Trapper zone, chosen from intervals in the top 10% of gold grades in the Trapper drill database. A 4 kg split was used for the gravity and flotation tests. These are preliminary results from a single composite. They may not be representative of the Trapper mineralization as a whole and should not be relied on as an indication of metallurgical recoveries that may be achieved. Rougher flotation results do not reflect final recoveries, which are typically lower after cleaning stages. Further testwork, including cleaner flotation, leach testing and variability testing on additional composites, is planned.

Correction to Previous News Release

Brixton has identified errors in the drill collar location table of its news release dated September 29, 2026, titled “Brixton Drills 58 m of 0.50 g/t AuEq and 17.6 m of 1.47 g/t AuEq in the Glenfiddich Zone at Camp Creek, Thorn Project”. The corrected collar information is presented in Table 4 below. The Company has determined that these corrections do not constitute a material change and do not affect the results, interpretations or conclusions presented in that news release.

Table 4. Corrected collar information for holes reported in the news release dated September 29, 2026. UTM NAD83 Zone 8.

Hole ID	Easting (m)	Northing (m)	Elevation (m)	Azimuth	Dip	Depth (m)
THN26-371	628018	6491714	754.5	150	-60	150.00
THN26-373	627850	6491742	643.9	135	-45	318.00
THN26-374	627850	6491742	643.9	150	-45	270.00
THN26-375	627887	6491790	650.5	135	-45	267.00
THN26-376	627887	6491790	650.5	120	-45	328.50
THN26-377	627887	6491790	650.5	135	-60	304.00
THN26-378	627961	6491686	712.5	140	-45	141.00
THN26-379	627961	6491686	712.5	140	-65	172.00
THN26-380	627909	6491659	674.9	150	-45	130.00
THN26-381	627909	6491659	674.9	150	-55	120.00
THN26-382	627775	6491675	581.0	135	-45	301.00
THN26-383	627792	6491460	607.7	330	-45	225.00
THN26-384	627603	6491545	659.6	125	-45	234.00
THN26-385	627603	6491545	659.6	0	-45	201.00

Qualified Person (QP)

Ms. Madeline Berry, P.Geo., is a Project Geologist for the Company and is a Qualified Person as defined by National Instrument 43-101. Ms. Berry has verified the referenced data disclosed in this news release and has approved the technical information presented herein.

About Brixton Metals Corporation

Brixton Metals is a Canadian exploration company focused on advancing its mining projects. Brixton wholly owns five exploration projects: the Langis and Hudson Bay silver Projects in Ontario; the Thorn copper-gold-silver-molybdenum Project in NW British Columbia; the Hog Heaven copper-silver-gold Project in NW Montana, USA, which is optioned to Ivanhoe Electric Inc.; and the Atlin Goldfields Project in northwest BC. Brixton holds an option to acquire a 100% interest in the silver-focused Silvergruvan Project in Sweden. Brixton Metals Corporation shares trade on the TSX-V under the ticker symbol BBB, and on the OTCQX under the ticker symbol BBBXF. For more information about Brixton, please visit our website at www.brixtonmetals.com.

On Behalf of the Board of Directors

Mr. Gary R. Thompson, Chairman and CEO
info@brixtonmetals.com

For Investor Relations inquiries, please contact: Mr. Michael Rapsch, Vice President Investor Relations. Email: michael.rapsch@brixtonmetals.com or call 604-630-9707

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, and “intend”, statements that an action or event “may”, “might”, “could”, “should”, or “will” be taken or occur, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans, or other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the use of proceeds, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; and the additional risks identified in the annual information form of the Company or other reports and filings with the TSX-V and applicable Canadian securities regulators. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements. 

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LEWISVILLE, Ark., Oct. 20, 2026 (GLOBE NEWSWIRE) — Standard Lithium (“Standard Lithium” or the “Company”) (NYSE.A: SLI) (TSXV: SLI), in partnership with Equinor, announced today that the Preliminary Economic Assessment Technical Report (the “PEA” or the “Report”) for the Franklin project (“Franklin”, the “Project”, or the “Franklin Project”) in the northeast region of Texas, USA, has been filed on SEDAR+.

The Report for the Franklin Project, the partnership’s first defined project area in the East Texas region of the Smackover Formation, highlights the globally significant size and high quality of its brine position. The Report marks a key step towards the partnership’s goal of reaching over 100,000 tonnes (“t”) of lithium chemical production per year in Texas through multiple phases and projects.

The PEA contemplates annual production capacity of up to 70,000 tonnes of battery-quality lithium carbonate and 1.29 million tonnes of total lithium carbonate production over a 20-year modelled operating life, with a starting lithium concentration of 562 mg/L and an average lithium concentration of 515 mg/L. Initial production could begin in the early 2030’s with additional potential for a longer operating life and further expansion, though this is not modelled in the Report.

The PEA for the lithium Project is highlighted by attractive economics, including an unlevered pre-tax net present value (“NPV₈”) of $5.9 billion, an internal rate of return (“IRR”) of 25.7% and a 3-year payback period, along with average annual lithium cash operating cost of $4,226/t and a capital intensity of $49,945/t.   Additionally, it includes an upgraded and upsized Mineral Resource with some of the highest lithium-in-brine concentrations reported in North America. This is supported by an increase in the Project area by 37% since the prior Maiden Inferred Resource Report to 44,541 hectares (110,064 acres).

The Report also considers a scenario based on a co-located bromine facility of 50,000 tonnes per year alongside the lithium operation.   Standard Lithium and Equinor anticipate further evaluating potential commercial opportunities for both bromine and potash given the significant scale and quality of the resources, as well as the designation of potash as a U.S. critical mineral in 2025.

The principal recommendation of the PEA is to advance the Franklin Project to a Preliminary Feasibility Study (“PFS”).   The partnership will continue to conduct direct lithium extraction (“DLE”) testing of the Project brine, leveraging insights gained at Standard Lithium’s Demonstration Plant, as well as at the South West Arkansas Project (“SWA Project”).  

All figures are in US dollars and all units are metric unless otherwise stated. All model outputs are expressed on a 100% ownership basis with no adjustments for financing assumptions. Standard Lithium’s economic interest in the Project is 55%. Mineral Resources have been reported in accordance with the 2014 Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards for Mineral Resources & Mineral Reserves.  

The Report is available for review under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at https://www.standardlithium.com/projects/smackover. For highlights of this Report, please refer to the Company’s news release dated 8 September 2026.

Qualified Persons

All scientific and technical disclosure in this news release was reviewed and approved by Mr. Stephen Ross, P.Geo., British Columbia, Vice President of Resource Development for Standard Lithium and a Qualified Person for purposes of, and as that term is defined in, National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Mr. Ross is not independent of the Company.

About Standard Lithium

Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated DLE and purification process. The Company’s flagship projects are in the Smackover Formation, an attractive lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor, Standard Lithium is advancing the SWA Project, a greenfield project located in southern Arkansas, and actively advancing a promising lithium brine resource position in East Texas, including the highest known lithium brine grade project in North America, the Franklin Project.

Standard Lithium trades on both the TSX Venture Exchange (“TSXV”) and the NYSE American under the symbol “SLI”. Visit the Company’s website at www.standardlithium.com for more information.

About Smackover Lithium

Smackover Lithium is a partnership between Standard Lithium and Equinor, through subsidiaries of Equinor ASA. Formed in May 2024, Smackover Lithium is developing multiple DLE projects in Southwest Arkansas and East Texas. Standard Lithium owns a 55% interest and Equinor holds the remaining 45% interest in the projects, with Standard Lithium maintaining operatorship.

About Equinor

Equinor is an international energy company committed to long-term value creation in a low-carbon future. Equinor’s portfolio of projects encompasses oil and gas, renewables, and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Norway, Equinor is the leading operator on the Norwegian continental shelf and has offices in more than 20 countries worldwide. Equinor’s partnership with Standard Lithium to mature DLE projects builds on its broad US energy portfolio of oil and gas, offshore wind, low carbon solutions, and battery storage projects.

For more information on Equinor in the U.S., please visit: Equinor in the US – Equinor.

Investor Inquiries
Daniel Rosen
+1 604 409 8154
investors@standardlithium.com

Media Inquiries

media@standardlithium.com

Use of Non-GAAP Measures

Certain financial measures referred to in this news release are not measures recognized under International Financial Reporting Standards (“IFRS”) and are referred to as non-GAAP financial measures or ratios. These measures have no standardized meaning under IFRS and may not be comparable to similar measures presented by other companies. The definitions established and calculations performed by the Company are based on management’s reasonable judgement and are consistently applied. These measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS.

The non-GAAP financial measure used in this news release and common to the lithium industry is average annual cash operating cost per tonne.

Average annual cash operating cost per tonne is a non-GAAP financial measure and has no standardized meaning under IFRS Accounting Standards and may not be comparable to similar measures used by other issuers. As the Franklin Project is not in production, the Company does not have historical non-GAAP financial measures nor historical comparable measures under IFRS, and therefore the foregoing prospective non-GAAP financial measures or ratios may not be reconciled to the nearest comparable measures under IFRS.

Cautionary Note Regarding Forward-Looking Statements

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements in this news release include, but are not limited to, the Company’s expectations and estimates with respect to: the economic and scoping-level parameters of the Franklin Project, including the unlevered pre-tax NPV, IRR, payback period, average annual lithium cash operating cost and capital intensity; anticipated annual production capacity of battery quality lithium carbonate; total lithium carbonate production and the 20-year modelled operating life; the potential for a longer operating life and further expansion of the Franklin Project; the anticipated timing of initial production; the partnership’s goal of reaching over 100,000 tonnes of lithium chemical production per year in Texas; the anticipated timeline for completion of any future PFS, including targeting completion of the Franklin PFS in 2027; Mineral Resource estimates, including the average lithium concentration and size and quantity of the brine position; the cost and timing of any development of the Franklin Project; the proposed mine plan and mining methods; mining recoveries; processing method and rates; the potential co-located bromine facility and its anticipated production capacity; potential commercial opportunities for, and potential value of, bromine and potash production at the Franklin Project; production rates; continued DLE testing of Project brine; the partnership’s ability to leverage insights gained at the Demonstration Plant and SWA Project; energy sources; and general business and economic conditions.

Statements relating to “Mineral Resources” are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions that the Mineral Resources described can be profitably produced in the future. Generally, forward-looking statements can be identified using forward-looking terminology. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “target”, “forecast”, “schedule”, “prospective”, “envision”, “continue”, “intend”, “assume”, “anticipate”, “believe”, “estimate”, “budget”, “predict”, “project” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. Such factors include, among other things: risks related to the inherent uncertainties regarding cost estimates; the preliminary nature of the PEA and the risks that the results of the PEA, and any future PFS, may not be realized; the risk that Inferred Mineral Resources may never be upgraded or converted to Mineral Reserves; the use of non-GAAP measures in financial performance accounting; changes in commodity and lithium prices; currency fluctuation; financing; unanticipated resource grades and process recoveries; infrastructure; results of future exploration activities; cost overruns; availability of materials and equipment; timeliness of government approvals; political risk and related economic risk; unanticipated environmental impact on operations; and risks associated with executing the Company’s plans and intentions. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. Additionally, while the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.