Tag: GlobeNewswire

TORONTO, Oct. 08, 2026 (GLOBE NEWSWIRE) — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) will hold its 2026 third quarter earnings conference call on Thursday, November 5, 2026, at 8:30 a.m. ET. Cronos’ senior management team will discuss the Company’s financial results and will be available for questions from the investment community after prepared remarks.

To attend the conference call or webcast, participants should register online at https://ir.thecronosgroup.com/events-presentations. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. The webcast of the call will be archived for replay on the Company’s website.

About Cronos Group Inc.
Cronos is a global cannabis company focused on scaling leading consumer goods products through research and development and innovation. With a passion to responsibly elevate the consumer experience, Cronos is building an iconic brand portfolio. Cronos’ diverse international brand portfolio includes Spinach®, PEACE NATURALS®, LIT™ and Lord Jones®. For more information about Cronos and its brands, please visit: thecronosgroup.com.

Forward-looking Statements 
This press release may contain information that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws and court decisions (collectively, “Forward-looking Statements”). All information contained herein that is not clearly historical in nature may constitute Forward-looking Statements. In some cases, Forward-looking Statements can be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify Forward-looking Statements. Some of the Forward-looking Statements contained in this press release include statements about the Company’s intention to build an international iconic brand portfolio by scaling leading consumer goods products through R&D and innovation. Forward-looking Statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive risks. Financial results, performance or achievements expressed or implied by those Forward-looking Statements and the Forward-looking Statements are not guarantees of future performance. A discussion of some of the material risks applicable to the Company can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2026 and June 30, 2026, each of which has been filed on SEDAR+ and EDGAR and can be accessed at www.sedarplus.ca and www.sec.gov/edgar, respectively. Any Forward-looking Statement included in this press release is made as of the date of this press release and, except as required by law, Cronos disclaims any obligation to update or revise any Forward-looking Statement. Readers are cautioned not to put undue reliance on any Forward-looking Statement.

For further information, please contact: 

Investor Relations Contact:
Harrison Aaron 
Investor Relations 
Tel: (416) 504-0004 
investor.relations@thecronosgroup.com

WASHINGTON, Oct. 08, 2026 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced that it will release financial results for the third quarter ended September 30, 2026, before the New York market opens on Thursday, October 29, 2026.

A conference call will be held to discuss these financial results on Thursday, October 29, 2026, at 9:00 a.m. Eastern Time and will be hosted by senior management.

The conference call will be simulcast live on the Internet and can be accessed by logging onto the Company’s investor relations website. A replay of the webcast will be available on the Company’s investor relations website for 90 days.

About FTI Consulting
FTI Consulting, Inc. is a leading global expert firm for organizations facing crisis and transformation, with more than 8,100 employees located in 32 countries and territories as of June 30, 2026. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. The Company generated $3.8 billion in revenues during fiscal year 2025. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc. 
555 12^th Street NW
Washington, DC 20004
+1.202.312.9100

Investor Contact:
Mollie Hawkes
+1.617.747.1791        
mollie.hawkes@fticonsulting.com

Revenue grew 59% year-over-year to $16.2 million; GCC revenue more than doubled (+107%)

Gross profit grew 35% year-over-year to $2.9 million

Operating margin improved to (3.5%) from (4.1%) as operating expenses fell to 25% of revenue from 29%

Recurring revenue rose to 88% of total revenue; dollar-pegged revenue reached 44% of revenue (+107%)

Net Dollar Retention of 123%

Q2 2026 revenue of $7.99 million, up 51% year-over-year

Subsequent to period end, $14.5 million gross private placement signed in August 2026

DUBAI, United Arab Emirates, Oct. 08, 2026 (GLOBE NEWSWIRE) — Swvl Holdings Corp (“Swvl” or the “Company”, and together with the Company’s subsidiaries, the “Group”) (NASDAQ: SWVL), a leading provider of technology-enabled mass mobility solutions for enterprises and governments, today announced its financial results for the six months ended June 30, 2026 (“H1 2026”).

Swvl sustained its growth trajectory through the first half of the year, growing H1 2026 revenue by 59% to $16.2 million compared to $10.2 million for the six months ended June 30, 2025 (“H1 2025”). Growth was led by the Gulf Cooperation Council (“GCC”), where revenue increased by 107% in H1 2026 over H1 2025, and continued expansion in Egypt. The Group’s revenue base continues to shift increasingly towards being recurring and dollar-pegged.

Operating leverage continued to build. While operating expenses increased in H1 2026 from H1 2025, operating expenses declined to 25% of revenue in H1 2026 from 29% in H1 2025, and the operating margin improved to (3.5%) in H1 2026 from (4.1%) in H1 2025, even as the Company absorbed start-up costs in new markets, and higher sales and marketing investment. Consolidated net dollar retention of 123% reflected continued expansion within the Company’s existing customer base.

H1 2026 Financial Highlights

• Revenue: $16.2 million, up 59% year-over-year from $10.2 million
• Gross profit: $2.9 million, up 35% year-over-year from $2.2 million; gross margin of 18.2% in H1 2026 (vs 21.5% in H1 2025), reflecting a higher UAE revenue mix
• Operating loss of $0.57 million in H1 2026 vs $0.42 million in H1 2025; operating margin improved to (3.5%) from (4.1%)
• GCC revenue: $7.1 million in H1 2026, up 107% year-over-year from $3.4 million in H1 2025
• Egypt revenue: $9.1 million in H1 2026, up 35% year-over-year from $6.8 million in H1 2025
• Recurring revenue: $14.2 million in H1 2026, up 64% year-over-year from $8.68 million in H1 2025; 88% of total revenue (vs 85% in H1 2025)
• Dollar-pegged revenue: $7.1 million in H1 2026, up 107% year-over-year from $3.4 million in H1 2025; 44% of total revenue (vs 34% in H1 2025)
• Consolidated Net Dollar Retention: 123%
• Operating expenses (general and administrative (G&A) and sales and marketing (S&M)): $4.1 million in H1 2026, equal to 25% of revenue in H1 2026, down from 29% of revenue in H1 2025

Revenue Performance

Revenue increased 59% to $16.2 million in H1 2026 from $10.2 million in H1 2025, with growth contributed by both of the Company’s core markets. The GCC was the primary driver, more than doubling year-over-year, while Egypt grew 35%. In addition, second-quarter 2026 revenue was $8.0 million as compared to $5.28 million in the second quarter 2025, up 51% year-over-year.

Recurring revenue grew 64% from $8.68 million in H1 2025 to $14.2 million in H1 2026, and represented 88% of total revenue, in comparison to 85% in H1 2025. Transactional revenue was $2.0 million, or 12% of total revenue in H1 2026, in comparison to $1.5 million, or 15% of total revenue in H1 2025. The Company’s enterprise-first strategy continues to drive longer-duration contracts, higher average revenue per account, and more predictable revenue streams.

Revenue Quality Metrics

Recurring Revenue: recurring revenue represented 88% of total revenue in H1 2026, in comparison to 85% in H1 2025. Long-term enterprise contracts continued to provide predictable cash flows and reduce the impact of seasonality.

Dollar-Pegged Revenue: dollar-pegged revenue grew 107% to $7.1 million and represented 44% of total revenue, in comparison to 34% in H1 2025. Continued expansion in the GCC and the launch of the United States and United Kingdom are expected to continue shifting the revenue base toward hard-currency earnings and reducing foreign currency exchange exposure.

Net Dollar Retention (“NDR”): consolidated NDR was 123%, indicating that existing customers expanded their spend with Swvl year-over-year. We view this metric as reflecting strong product-market fit and the Company’s ability to grow within its installed customer base without incremental acquisition costs.

Operating Expense Discipline

Operating Expenses (G&A and S&M combined) were $4.1 million in H1 2026, compared to $2.9 million in H1 2025, an increase of 39% against revenue growth of 59%. As a percentage of revenue, operating expenses decreased from 29% to 25%, underscoring the operating leverage in Swvl’s business model as it scales.

General and Administrative Expenses increased by 29% to $3.7 million, compared to $2.9 million in H1 2025, however, G&A has decreased as a percentage of revenue from 28.6% in H1 2025, to 25% in H1 2026. The increase in expense is driven primarily by staff costs of $2.5 million in H1 2026 as compared to $1.5 million in H1 2025, as the Company started to build out teams for its expansion and product plans. This was partly offset by a 59% reduction in professional fees from $0.66 million in H1 2025 to $0.27 million in H1 2026.

Selling and Marketing Expenses were $0.31 million in H1 2026, compared to $0.01 million in H1 2025, as the Company invested in its commercial team to support GCC and new-market expansion.

Balance Sheet and Liquidity

Cash and cash equivalents were $2.1 million at June 30, 2026, compared to $4.4 million at December 31, 2025. Net cash used in operating activities was $2.0 million, driven principally by a $1.9 million increase in trade and other receivables as revenue scaled, with the UAE accounting for the majority of the increase.

Subsequent to period end, on August 25 and 26, 2026, the Company entered into securities purchase agreements for the issuance and sale of an aggregate of 10,017,714 Class A Ordinary Shares in private placement transactions for aggregate gross proceeds of approximately $14.5 million, materially strengthening the Company’s liquidity position.

Mostafa Kandil, Chief Executive Officer of Swvl, commented:

“H1 2026 delivered 59% revenue growth, with the GCC revenue more than doubling and our revenue base now 88% recurring and 44% dollar-pegged. With the $14.5 million private placements signed in August 2026, we believe that we have the capital to scale across the GCC, the United Kingdom and the United States while continuing to drive toward sustained operating profitability.”

Ahmed Misbah, Chief Financial Officer of Swvl, added:

“Revenue grew 59% while operating expenses grew 39%, taking operating expenses down to 25% of revenue from 29% and improving operating margin despite absorbing new-market and ramp-up costs. Net dollar retention of 123% and recurring revenue of 88% give us a predictable base to build on.”

Financial Summary:

For H1 2026, Swvl reported revenue of $16.2 million (up 59% from $10.2 million in H1 2025), gross profit of $2.9 million (up 35%), and an operating loss of $0.6 million (vs $0.4 million). Operating expenses were $4.1 million, equal to 25% of revenue, down from 29%. GCC revenue grew 107% to $7.1 million, while Egypt revenue grew 35% to $9.1 million. Recurring revenue represented 88% of total revenue and dollar-pegged revenue represented 44%. Consolidated net dollar retention was 123%. The Company announced $14.5 million in gross proceeds from private placement transactions executed in August 2026.

Forward-Looking Statements:

This press release contains “forward-looking statements” relating to future events. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters.

These forward-looking statements include, but are not limited to, statements regarding future events and other statements that are not historical facts. For example, Swvl is using forward-looking statements when it discusses that the Group’s revenue base continues to shift increasingly towards being recurring and dollar-pegged, that it views the NDR metric as reflecting strong product-market fit and its ability to grow within its installed customer base without incremental acquisition costs, that its operating expenses as a percentage of revenue underscores the operating leverage in its business model as it scales, its belief that it has the capital to scale across the GCC, the United Kingdom and the United States while continuing to drive toward sustained operating profitability. These statements are based on the current expectations of Swvl’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability.

Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Swvl. These statements are subject to a number of risks and uncertainties regarding Swvl’s business, and actual results may differ materially. In particular, the financial results presented herein are unaudited interim results and remain subject to year-end audit adjustments.

In addition, forward-looking statements provide Swvl’s expectations, plans, or forecasts of future events and views as of the date of this communication. Swvl anticipates that subsequent events and developments could cause Swvl’s assessments and projections to change. However, while Swvl may elect to update these forward-looking statements in the future, Swvl specifically disclaims any obligation to do so.

These forward-looking statements should not be relied upon as representing Swvl’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon any forward-looking statements. Except as otherwise required by law, Swvl undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website, www.sec.gov, and in subsequent SEC filings.

About Swvl

Swvl Holdings Corp (NASDAQ: SWVL) is a leading provider of technology-driven mobility solutions for enterprises and governments. Its platform leverages real-time data, adaptive networks, and advanced technology to deliver safer, more reliable, and sustainable transportation solutions. Swvl serves corporate clients, government institutions, schools, and healthcare providers across Egypt, the Kingdom of Saudi Arabia, the UAE, Kuwait, Qatar, the United Kingdom, and the United States. For more information, visit www.swvl.com.

Contact:

Investor relations: ir@swvl.com

Ahmed Misbah, CFO of Swvl: ahmed.misbah@swvl.com

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)

1.        KEY INFORMATION

(a)   Full name of discloser:	Man Group PLC
(b)   Owner or controller of interests and short positions disclosed, if different from 1(a):         The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c)   Name of offeror/offeree in relation to whose relevant securities this form relates:         Use a separate form for each offeror/offeree	Sthree plc
(d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e)   Date position held/dealing undertaken:         For an opening position disclosure, state the latest practicable date prior to the disclosure	07/10/2026
(f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?	NO

2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	1p ordinary
	Interests		Short positions
	Number	%	Number	%
(1)   Relevant securities owned and/or controlled:	6,699,267	5.50
(2)   Cash-settled derivatives:	3,927,942	3.22	15,497	0.01
(3)   Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	10,627,209	8.73	15,497	0.01

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)      Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)        Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
1p ordinary	Equity swap	Increasing a short position	900	3.0000 GBP

        
(c)        Stock-settled derivative transactions (including options)

(i)        Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii)        Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing e.g. subscription, conversion

Details

Price per unit (if applicable)

4.        OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)   the voting rights of any relevant securities under any option; or (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

None

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	08/10/2026
Contact name:	Graham Keene
Telephone number:	+44 20 7144 2259

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

• Wide, strong gold and copper intersected in all four infill holes drilled at the eastern end of the Western Zone
• Important interval intersected in K-26-268 supporting potential improvements to modelled mineralization
• Primary porphyry mineralization intersected at depth in multiple holes, providing a new exploration target for potential resource expansion

TORONTO, Oct. 08, 2026 (GLOBE NEWSWIRE) — NorthWest Copper Corp. (“NorthWest” or the “Company”) (TSX-V: NWST) is pleased to report additional drill results from its 2026 exploration program at the Company’s 100% owned Kwanika project in British Columbia. The four holes reported from the approximately 12,000 metre, 40-hole, program were drilled at the eastern end of the Western Zone and were designed to improve confidence in the mineral resource and extend mineralization.

The results demonstrate strong gold-copper mineralization at the eastern end of the Western Zone, highlighted by hole K-26-263, which intersected 108.7 metres grading 0.70% copper and 1.69 g/t gold (2.53% copper equivalent (“CuEq”)) and hole K-26-276 which intersected 51.5 metres grading 1.15% copper and 1.47 g/t gold (2.77% CuEq). The four holes confirm continuity of mineralization along the section and continue to demonstrate a relatively high gold-to-copper ratio.

Holes K-26-268 and hole K-26-263 also intersected short intervals of primary copper-gold porphyry mineralization beneath the known structurally controlled mineralized zones, providing an additional opportunity for follow-up exploration and potential resource expansion. Notably, hole K-26-263 returned 18 metres of 0.32% Cu and 0.53g/t Au (0.91% CuEq) at the bottom of the hole starting at 467 metres.

Western Zone Drill Hole Highlights:

K-26-263: 108.7 metres of 0.70% Cu and 1.69 g/t Au (2.53% CuEq) from 352.8 metres

K-26-267: 26.6 metres of 0.27% Cu and 1.70 g/t Au (2.11% CuEq) from 476.0 metres        

K-26-268: 58.6 metres of 0.61% Cu and 0.92 g/t Au (1.61% CuEq) from 343.0 metres        

K-26-276: 51.5 metres of 1.15% Cu and 1.47 g/t Au (2.77% CuEq) from 312.5 metres

Paul Olmsted, CEO of NorthWest stated: “These results help confirm the strength of the Western Zone, with long intervals of strong gold-copper mineralization, excellent continuity and grades that increase our confidence in the known mineralized system. We are particularly encouraged by hole K-26-268, as the intersection was better than expected. With approximately 32 additional holes planned for release from the 2026 drill program, we are seeing encouraging progress toward our objectives of upgrading confidence in the existing resource, extending known mineralization and identifying opportunities for further growth.”

2026 Kwanika Exploration Program

The 2026 exploration program is in progress and on track to deliver approximately 40 drill holes totalling approximately 12,000 metres at the Kwanika Central deposit this year, with collar locations shown in Figure 1.

Figure 1: Kwanika Central 2026 drill hole location map

The 2026 drill program is designed to upgrade and expand mineral resources in the Pit Zone, North Pit Extension Zone and Western Zone to support an updated mineral resource estimate at Kwanika. A drill hole spacing of 50 metres is being targeted to support classification of mineral resources in the Indicated category.

Geoff Chinn, VP Business Development and Exploration added: “These four new holes represent high angle drill intercepts in the Western Zone with more representative grades and widths at approximately 50 metre spacing that are expected to support upgrading mineral resources to the Indicated category. Results are consistent with the existing geological model, validating our current interpretation. The drilling also continues to demonstrate the continuity of the palladium enriched mineralized horizon, which provides both a potential credit and an important marker for geological correlation. Importantly, holes K-26-263 and K-26-268 both intersected short deeper unfractured primary copper-gold porphyry mineralization (Unit 16) beneath the Western Zone mineralization providing an additional target for follow-up exploration.”

Kwanika Exploration Drill Hole Summaries

Results for four new drill holes are presented on cross-section 351400 E (Figure 2) with composited mineralized intersections listed in Table 1 and collar locations provided in Table 2. The cross-section is located at the eastern end of the Western Zone. The holes were designed to improve confidence in the mineralization by reducing drill hole spacing to approximately 50 metres and test up-dip and down-dip extensions.

Figure 2: Cross-Section 351400 E showing 2026 drill results

Western Zone:

Hole K-26-263 was drilled with HQ to 315 metres, then NQ core, and sampled on 2-metre intervals from half sawn core and drilled on 170° azimuth at a -83° dip to a depth of 495 metres.

After 27 metres of overburden the hole intersected post-mineral Cretaceous sediments to 305 metres then maroon (oxidized) mineralized monzonite to 353 metres (Comp 1) correlated to Unit 15. Beige mineralized potassic altered fractured healed monzonite characteristic of higher grades at Kwanika continues to 465 metres (Comp 2, 3, 4, 5). Mineralized intervals were separated by late dykes. Composites 2 and 3 were correlated to Unit 1, whereas composites 4 and 5 were correlated to Unit 2 due to their higher palladium content. Beyond this, less fractured mineralized orange monzonite porphyry with regular vein stockwork was intersected between 467 and 485 metres (Comp 6).

Hole K-26-267 was drilled with HQ to 300 metres, then NQ core, and sampled on 2-metre intervals from half sawn core and drilled on 0° azimuth at a -90° dip to a depth of 602 metres.

After 22 metres of overburden the hole intersected post-mineral Cretaceous sediments to 266 metres then intersected an unmineralized maroon diorite to 308 metres. A sequence of unmineralized potassic altered orange monzodiorite porphyry and crosscutting post-mineralization pale green dykes was encountered to 372 metres followed by a grey strongly propylitic altered diorite to 425 metres hosting elevated copper values. A thick sequence of dominantly potassic altered monzodiorite continued to 602 metres, variably overprinted by sericite-chlorite alteration and mineralized intervals associated with quartz stockwork veining, including composites 9, 10 ,11 correlated to Unit 1 and composite 12 assigned to Unit 2 due to its relatively high palladium content.

Hole K-26-268 was drilled with HQ to 228 metres then NQ core and sampled on 2-metre intervals from half sawn core and drilled on 0° azimuth at a -90° dip to a depth of 552 metres.

After 27 metres of overburden the hole intersected post mineral Cretaceous sediments to 302 metres then intersected an unmineralized green diorite to 340 metres followed by a sequence of beige to pink potassic altered monzonite that is crosscut by light green to maroon post mineralization dykes to 505 metres where mineralization in the monzonite is associated with silicification, irregular veining, and stockwork. Composite 13 was correlated to Unit 1 and composite 14 to Unit 2 due to its palladium enrichment. Composite 15 was hosted in a light green chlorite altered porphyritic dyke, whereas composite 16 seems to be a new fractured healed mineralized monzonite unit and composite 17 is hosted in a competent grey green propylitic altered monzodiorite with spaced quartz stringers at the end of the hole.

Hole K-26-276 was drilled with HQ to 228 metres then NQ core and sampled on 2-metre intervals from half sawn core and drilled on 170° azimuth at a -77° dip to a depth of 430 metres.

After 30 metres of overburden the hole intersected post mineral Cretaceous sediments to 309 metres then intersected a mineralized maroon-dark green monzonite supergene interval (Comp 19) to 364 metres. A late dyke continued to 375 metres followed by a sequence of mineralized beige potassic altered monzonite to 430 metres (Comps 20, 21) crosscut by a late dyke between 406 and 408 metres. Composites 20 and 21 were correlated to mineralization Unit 2 due to high palladium content, and suggesting Unit 1 is incorporated into the supergene zone above it.

Hole Summary, overall, infill drilling on Section 351400 E upgraded the geological correlation and grade continuity of the Western Zone. Hole K-26-268 returned a better than expected interval, whereas K-26-267 shows mineralization thinning towards the north. Palladium in Unit 1, a potential metal credit, demonstrates excellent continuity and provides a key marker horizon for correlating units relative to it. While short, confirmation of porphyry mineralization beneath the fracture-healed hosted mineralized zones at the end of two holes provide a new exploration opportunity for follow-up.

Table 1: Drill Results in this News Release1 2
Comp	Hole	From	To	Length	Area	Cu	Au	Ag	Pd	CuEq	True Width	Mineralized
#		(m)	(m)	(m)		(%)	(g/t)	(g/t)	(g/t)	(%)	Est. (m)	Unit
1	K-26-263	327.0	349.0	22.0	West	0.34	0.33	1.33	0.01	0.71	14.7	Supergene Cu 15
2	K-26-263	352.8	461.6	108.7	West	0.70	1.69	1.90	0.14	2.53	72.7
3	Including	352.8	413.7	60.9	West	0.87	2.39	2.18	0.04	3.46	40.7	Higher-Grade Au 1
4	And	416.9	441.4	24.5	West	0.42	0.87	1.24	0.23	1.37	16.4	Higher-Grade Au 2
5	And	448.3	461.6	13.2	West	0.91	1.12	3.08	0.59	2.15	8.8	Higher-Grade Au 2
6	K-26-263	467.0	485.0	18.0	West	0.32	0.53	1.77	0.01	0.91	12.0	Porphyry Au-Cu 16
7	K-26-267	423.1	431.2	8.1	West	0.26	0.61	2.62	0.01	0.95	4.6	None defined
8	K-26-267	459.4	468.5	9.1	West	0.43	0.27	2.13	0.00	0.75	5.2	Higher-Grade Au 1
9	K-26-267	476.0	502.6	26.6	West	0.27	1.70	1.97	0.02	2.11	15.2	Higher-Grade Au 1
10	Including	476.0	477.7	1.7	West	0.54	15.40	4.20	0.00	17.08	1.0	Higher-Grade Au 1
11	And	477.7	488.4	10.6	West	0.40	1.13	2.81	0.01	1.65	6.1	Higher-Grade Au 1
12	K-26-267	576.8	590.6	13.7	West	0.41	0.71	3.26	0.12	1.22	7.9	Higher-Grade Au 2
13	K-26-268	343.0	401.6	58.6	West	0.61	0.92	1.51	0.02	1.61	33.6	Higher-Grade Au 1
14	K-26-268	422.4	453.7	31.3	West	0.49	1.64	1.25	0.09	2.26	18.0	Higher-Grade Au 2
15	K-26-268	464.0	482.0	18.0	West	0.68	0.81	1.57	0.02	1.57	10.3	None defined
16	K-26-268	489.7	527.0	37.3	West	0.31	0.39	0.77	0.02	0.74	21.4	None defined
17	K-26-268	537.0	547.0	10.0	West	0.50	0.25	0.61	0.00	0.78	5.7	Porphyry Au-Cu 16
18	K-26-276	312.5	364.0	51.5	West	1.15	1.47	3.66	0.07	2.77	38.3
19	K-26-276	312.5	343.7	31.2	West	0.94	0.81	3.36	0.01	1.86	23.2	Supergene Cu 15
20	K-26-276	343.7	364.0	20.3	West	1.47	2.48	4.12	0.16	4.18	15.1	Higher-Grade Au 2
21	K-26-276	381.0	428.0	47.0	West	1.10	1.06	3.27	0.26	2.28	34.9	Higher-Grade Au 2

Table 2: Drill Collar Information3
Hole	Collar X	Collar Y	Collar Z	Collar Azimuth	Collar Dip	Final Length	Core Size
K-26-263	351400	6156206	1001	170	-83	495	HQ, NQ
K-26-267	351401	6156251	1003	0	-90	602	HQ, NQ
K-26-268	351400	6156206	1001	0	-90	552	HQ, NQ
K-26-276	351400	6156206	1001	170	-77	430	HQ, NQ

Quality Assurance / Quality Control

Drilling at Kwanika in 2026 was designed and supervised by NorthWest and implemented by InData Geoscience with assay QA/QC checks by Explore Geosolutions. Samples were collected, tracked and an external QA/QC program was implemented using coarse blanks and certified prepared blanks and standards to monitor analytical accuracy and precision. The samples were sealed on site and shipped to Activation Laboratories Ltd. (“Actlabs”) in Kamloops, BC. The laboratory’s internal quality control system complies with global certifications for quality ISO 17025. Drill core samples were analyzed using a combination of Actlabs multi-element 1F2 analysis for low level concentrations (4-Acid Digestion, ICP-OES) and the 8-4 Acid ICP-OES analysis for higher level concentrations (4-Acid Digestion, ICP-OES with automatic over limits for base metals and silver). Gold, platinum and palladium assaying was completed with 1C-OES method, using a 30-gram fire assay with ICP finish analysis. In addition, about 5% of the sample pulps are re-assayed at a secondary laboratory to confirm reproducibility and check for bias.

Technical aspects of this news release have been reviewed, verified, and approved by Geoff Chinn, P.Geo., VP Business Development and Exploration for NorthWest, who is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About NorthWest:

NorthWest is a copper-gold exploration and development company with a pipeline of advanced and early-stage projects in British Columbia, including Kwanika-Stardust, Lorraine-Top Cat and East Niv. With a robust portfolio in an established mining jurisdiction, NorthWest is well positioned to participate fully in strengthening global copper and gold markets. The Company is committed to responsible mineral exploration, working collaboratively with First Nations to help ensure future development incorporates stewardship best practices and respects traditional land use. Additional information can be found on the Company’s website at www.northwestcopper.ca.

On Behalf of NorthWest
“Paul Olmsted”
CEO, NorthWest Copper

For further information, please contact: 
416-457-3333
info@northwestcopper.ca  

Neither the TSXV 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.

Cautionary Statement Regarding Forward-Looking Information 

 This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to statements with respect to; plans and intentions of the Company; proposed exploration and development of NorthWest’s exploration property interests; the Company’s ability to finance future operations; mine plans; magnitude or quality of mineral deposits; the development, operational and economic results of current and future potential economic studies; adding the Lorraine resource to the Kwanika-Stardust Project; the Company’s current goals; geological interpretations; the estimation of Mineral Resources; anticipated advancement of mineral properties or programs; future exploration prospects; the completion and timing of technical reports; future growth potential of NorthWest; and future development plans.

All statements, other than statements of historical fact, included herein, constitutes forward-looking information. Although NorthWest believes that the expectations reflected in such forward-looking information and/or information are reasonable, undue reliance should not be placed on forward-looking information since NorthWest can give no assurance that such expectations will prove to be correct. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties and other factors identified in NorthWest’s periodic filings with Canadian securities regulators. Forward-looking information are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking information. Important factors that could cause actual results to differ materially from NorthWest’s expectations include risks associated with the business of NorthWest; risks related to reliance on technical information provided by NorthWest; risks related to exploration and potential development of the Company’s mineral properties; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and First Nation groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in NorthWest’s filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.com). 

Forward-looking information is based on estimates and opinions of management at the date the information is made. NorthWest does not undertake any obligation to update forward-looking information except as required by applicable securities laws. Investors should not place undue reliance on forward-looking information.

^{1 Estimated true widths based on collar azimuth and dip and the average dip of the mineralized zone
2 CuEq assumes metal prices of $3,100/oz gold, $4.50/lb copper, $36/oz silver and $1,100/oz palladium metal recoveries of 96% gold, 90% copper, 96% silver, 0% palladium and calculated as follows: Cu +100* ( (Au /31.1035 * Au Price * Au Rec) / (Cu Price * 2204.62 * Cu Rec) + (Ag /31.1035 * Ag Price * Ag Rec) / (Cu Price*2204.62 * Cu Rec) + (Pd /31.1035 * Pd Price * Pd Rec) / (Cu Price*2204.62 * Cu Rec))
3 Collar coordinates reference UTM Zone 10N NAD83.}

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/76f09ce2-007f-4f4f-a1d5-4b2cd5329dd8

https://www.globenewswire.com/NewsRoom/AttachmentNg/e91ee839-68a0-4ccc-b184-6614f75dd0d9

Transaction high-grades Devon’s portfolio, monetizes at an attractive valuation and enhances financial flexibility

HOUSTON, Oct. 08, 2026 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today announced it has entered into a definitive agreement to sell its Eagle Ford assets to Crescent Energy Company for total consideration of $4.2 billion in cash, subject to customary closing adjustments.

“This sale is a direct outcome of our ongoing portfolio review, and it sharpens our focus on the highest-return, longest-duration assets,” said Clay Gaspar, President and Chief Executive Officer. “Over the past several years, we have leveraged technology to lower costs and increase productivity while coring up our Eagle Ford acreage footprint, and the attractive price agreed to reflects both the quality of the assets and that work. Selling a relatively mature asset into a strong commodity price environment improves our go-forward capital efficiency and allows us to accelerate share buybacks, strengthen our balance sheet and increase long-term value for shareholders.”

TRANSACTION HIGHLIGHTS

• Asset details: The Eagle Ford assets to be sold consist of approximately 90,000 net acres in Karnes, DeWitt, and Gonzales Counties, Texas. The assets represent approximately 4% of Devon’s total BOE production.
• Attractive valuation: The $4.2 billion purchase price fully reflects the value of Devon’s Eagle Ford production and inventory and is accretive on a per share basis to Free Cash Flow and Net Asset Value.
• Portfolio high-grading and improved capital efficiency: The divestiture lengthens Devon’s inventory life, lowers the go-forward corporate breakeven and reduces the corporate base production decline rate.
• Financial flexibility: After-tax proceeds will be used to accelerate share repurchases and to strengthen the balance sheet through debt reduction.

“This transaction is our strategy at work,” added Gaspar. “We acted decisively and countercyclically while navigating a volatile macro environment and received a price above our internal hold case, including potential strategic upside. This divestiture builds on the accretive steps taken in 2026 – combining with Coterra, adding premier Delaware Basin inventory in the federal lease sale and investing in the Solitude pipeline to integrate our gas production from wellhead to market. This marks meaningful progress in our disciplined portfolio review. We remain focused on improving the quality and longevity of our portfolio, expanding our margins and enhancing long-term value per share.”

TIMING AND ADVISORS

The transaction has an effective date of July 1, 2026 and is expected to close around year-end 2026, subject to regulatory approvals and customary closing conditions. Devon will provide additional details, including the impact on its outlook, with its third-quarter 2026 results on November 5, 2026 and conference call and webcast on November 6, 2026.

RBC Richardson Barr is serving as exclusive financial advisor and Kirkland & Ellis LLP is serving as legal advisor to Devon.  

ABOUT DEVON ENERGY

Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com.

Investor Contact investor.relations@dvn.com 281-589-5705

Media Contact devonmediarelations@dvn.com 405-552-7560

FORWARD-LOOKING STATEMENTS

This press release includes “forward-looking statements” within the meaning of the federal securities laws. Such statements include those concerning strategic plans, our expectations and objectives for future operations, as well as other future events or conditions, and are often identified by use of the words and phrases “expects,” “believes,” “will,” “would,” “could,” “continue,” “may,” “aims,” “likely to be,” “intends,” “forecasts,” “projections,” “estimates,” “plans,” “expectations,” “targets,” “opportunities,” “potential,” “anticipates,” “outlook” and other similar terminology. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Devon expects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Consequently, actual future results could differ materially and adversely from our expectations due to a number of factors, including, but not limited to: the delay or failure to consummate the transaction due to unsatisfied closing conditions or otherwise; the actual amount of proceeds received due to purchase price adjustments, and the ultimate use of those proceeds; changes in commodity prices, market conditions or other circumstances that could negatively impact Devon’s ability to complete the anticipated share repurchases and debt reductions; and any of the other risks and uncertainties discussed in Devon’s 2025 Annual Report on Form 10-K (the “2025 Form 10-K”) or other filings with the Securities and Exchange Commission (“SEC”).

The forward-looking statements included in this press release speak only as of the date of this press release, represent management’s current reasonable expectations as of the date of this press release and are subject to the risks and uncertainties identified above as well as those described elsewhere in the 2025 Form 10-K and in other documents we file from time to time with the SEC. We cannot guarantee the accuracy of our forward-looking statements, and readers are urged to carefully review and consider the various disclosures made in the 2025 Form 10-K and in other documents we file from time to time with the SEC. All subsequent written and oral forward-looking statements attributable to Devon, or persons acting on its behalf, are expressly qualified in their entirety by the cautionary statements above. We do not undertake, and expressly disclaim, any duty to update or revise our forward-looking statements based on new information, future events or otherwise.

MTCH3380P and MTCH3240P controllers enable fast touch acquisition and robust performance for complex interfaces, including display-free applications

CHANDLER, Ariz., Oct. 08, 2026 (GLOBE NEWSWIRE) — As appliance and equipment manufacturers look for ways to reduce system costs, many are replacing displays with Human Machine Interfaces (HMIs) using high-end decoration and illuminated capacitive-touch buttons, sliders and wheels. These interfaces often require a large number of touch sensors which can increase acquisition time and reduce the signal-to-noise ratio (SNR) when using conventional controllers. To address these challenges, Microchip Technology (Nasdaq: MCHP) has expanded its turnkey capacitive-touch family with the launch of MTCH3380P and MTCH3240P controllers, helping manufacturers create visually appealing, display-free HMIs at lower system cost and with less design complexity. The first in Microchip’s touch turnkey controller portfolio to incorporate parallel sensing for buttons, sliders and wheels, the devices support IEC/UL 60730 Class B functional safety certification and operation up to 105°C, making them well suited for home appliance, outdoor and industrial applications.

By acquiring data from multiple sensors simultaneously, the MTCH3380P and MTCH3240P can support a large number of buttons, sliders and wheels while maintaining fast response times, a high signal-to-noise ratio (SNR) and reliable touch detection in noisy operating environments. This performance is enabled by 12 on-chip analog-to-digital converters (ADCs) operating in parallel. The MTCH3380P supports up to 38 sensors in self-capacitance mode and 64 sensors in mutual-capacitance mode, while the MTCH3240P supports up to 24 and 32 sensors, respectively, without the acquisition-time penalties often associated with high sensor counts.

Enhanced touch sensitivity and noise immunity enable reliable touch detection through thick cover materials and when users are wearing gloves. These capabilities are especially valuable in-home appliances such as ovens, cooktops, refrigerators and washing machines, where moisture and gloved operation are common, as well as in outdoor applications including EV chargers, parking meters and kiosks that require durable protective covers and dependable operation in cold-weather conditions.

“Manufacturers are increasingly looking for ways to reduce system cost while still delivering intuitive and visually appealing user interfaces. As display-free HMIs incorporate more touch controls, maintaining responsive and reliable touch performance becomes increasingly challenging,” said Giovanni Fontana, senior director of Microchip’s human machine interface division. “Our MTCH3380P and MTCH3240P controllers address the touch-sensing challenges associated with display-free interfaces by delivering fast touch acquisition and high signal-to-noise ratio, helping enable responsive, reliable operation even in demanding applications.”

With support for customer driven IEC 60730 Class B functional safety certification, the MTCH3380P and MTCH3240P devices help manufacturers work towards meeting regulatory requirements. Microchip’s touch-sensing ecosystem and turnkey controllers are designed to provide the hardware, software and development resources needed to accelerate design, evaluation and testing. Support includes the mTouch® Studio development environment and evaluation hardware, including host drivers for Linux® and Zephyr®. Visit the website for information about Microchip’s portfolio of turnkey capacitive-touch controllers.

Pricing and Availability
The MTCH3380P is available starting at $1.06 with the MTCH3240P available starting at $0.80 each in 10,000-unit quantities. You can purchase directly from Microchip or contact a Microchip sales representative or authorized worldwide distributor.

Resources
High-res images available through Flickr or editorial contact (feel free to publish):
• Application image: https://flic.kr/p/2sC7GpT

About Microchip Technology:
Microchip Technology Inc. is a broadline supplier of semiconductors committed to making innovative design easier through total system solutions that address critical challenges at the intersection of emerging technologies and durable end markets. Its easy-to-use development tools and comprehensive product portfolio supports customers throughout the design process, from concept to completion. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support and delivers solutions across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. For more information, visit the Microchip website at www.microchip.com. 

Note: The Microchip name and logo, the Microchip logo, MPLAB and mTouch are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

Editorial Contact:

Amber Liptai

480-792-5047

amber.liptai@microchip.com

Field services and SATCOM upgrade orders expand Gilat Defense’s presence across U.S. defense programs

PETAH TIKVA, Israel, Oct. 08, 2026 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that Gilat DataPath has received orders totaling more than $8 million from the U.S. Department of War for field services and SATCOM system upgrades supporting deployed military communications systems. Deliveries are expected over the next 12 months.

The orders further expand Gilat Defense’s presence across U.S. defense programs and reflect continued demand for its operational support capabilities and SATCOM expertise.

The orders build on Gilat DataPath’s ongoing support of deployed U.S. military communications systems, combining field services with SATCOM upgrades to address evolving operational needs. This combination enables Gilat Defense to support customers throughout the operational life of their systems, maintaining existing capabilities while helping adapt networks to new mission requirements..

“These awards reflect the U.S. Department of War’s continued confidence in Gilat Defense’s ability to support mission-critical communications for defense operations,” said Nicole Robinson, President of Gilat DataPath. “By combining advanced field services with proven SATCOM system upgrade capabilities, we help ensure deployed communications systems remain ready to support operational requirements whenever and wherever they are needed.”

About Gilat

Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

Together with our wholly owned subsidiaries Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu, we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a software-defined platform and modems, high-performance satellite terminals, advanced Satellite On-the-Move (SOTM) antennas and Electronically Steered Antennas (ESAs), highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services.

Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, cellular backhaul, enterprise, aerospace and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: https://www.gilat.com

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and can generally be identified by the use of forward-looking terminology such as “estimate,” “project,” “intend,” “expect,” “believe,” “anticipate,” “plan,” “may,” “will,” “seek,” “could,” “should,” or similar expressions. These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements of Gilat to differ materially from those expressed in, or implied by, such statements. These risks and uncertainties include, among others, changes in general economic, market and business conditions; failure to maintain market acceptance of Gilat’s products; failure to timely develop and introduce new technologies, products and applications; rapid changes in the markets in which Gilat operates; increased competition, loss of market share or pressure on prices; loss of key OEM partners; inability to attract and retain qualified personnel; inability to protect proprietary technology; and risks associated with Gilat’s international operations and its location in Israel, including those arising from regional military conflicts and geopolitical instability. For additional information regarding these and other risks and uncertainties, please refer to Gilat’s filings with the U.S. Securities and Exchange Commission. Gilat undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Gilat Satellite Networks
Hagay Katz, Chief Products and Marketing Officer
PublicRelations@gilat.com

Third Phase of Surficial Sampling and Mapping Underway

VANCOUVER, British Columbia, Oct. 08, 2026 (GLOBE NEWSWIRE) — K2 Gold Corporation (TSXV: KTO | OTCQX: KTGDF) (“K2 Gold” or the “Company”) today announced results from 346 rock samples collected as part of the Company’s ongoing 2026 surface exploration program at its project in Inyo County, California. Rock samples were collected from multiple target areas, including Dragonfly, Flores, Newmont, Soda Ridge, and Stega. The 949 total surface samples collected since May 2026 continue to build up K2’s dataset of surface geochemistry to aid in current and future drill targeting.

Highlights:

• New high-grade rock sample results extend the Dragonfly target 480m to the south of historical high-grade gold outcrops.
• The Dragonfly target now extends 1,000m in strike between outcropping high-grade gold samples.
• Additional outcrops of high-grade gold at Flores over a ~800m east-west trend, including rock samples grading up to 28.8 g/t Au; and,
• 24.8% copper (“Cu”) rock assay at the Stega copper zone.

In addition to the property wide rock sampling results reported today, K2 continues to execute a fully funded, fully permitted 14,000m drill campaign at the Mojave project, with 7,600m in 39 drill holes completed so far at the 6.5km long Eastside Gold Trend.

“Finding rocks returning up to 10.9 g/t Au nearly 500m south of the last known outcrop of high-grade gold at Dragonfly confirms what we’ve always believed: these structures have channeled an incredible amount of hydrothermal fluid over huge distances, and we now need to drill test them,” stated Anthony Margarit, President and CEO of K2 Gold.

2026 Surface Sampling Program

In the second phase of the summer 2026 rock sampling program, sampling focused on structural extensions along trend of priority targets including the Dragonfly, Flores, Soda Ridge, and Stega Zones, while also testing similar structural/lithological analogues in the immediate vicinity of the targets.

With summer coming to an end and temperatures moderating, sampling, mapping and prospecting has resumed to continue generating and refining drill targeting.

A total of 346 rock samples were collected during the campaign with results from trace to the values reported below:

• 108 samples from Dragonfly returning values up to 10.9 g/t Au
• 101 samples from Flores returning values up to 28.8 g/t Au
• 85 samples from Soda Ridge returning values up to 3.04 g/t Au, up to 2.88% Cu
• 42 samples from Stega returning values up to 4.95 g/t Au and up to 24.8% Cu
• 9 samples from Newmont returning values up to 0.299 g/t Au

Figure 1: Mineralization trends in the Mojave region – sampling highlights from Dragonfly, Flores, Soda Ridge, and Stega indicated.

Figure 2: Map of gold-in-rocks at the Dragonfly target area; new rocks bolded and historical rocks faded.

Figure 3: Map of rock sampling results from the Flores target. New rocks bolded and historical rocks faded.

Dragonfly

Rock chip sampling at Dragonfly focused on testing the peripheral targets at the zone, including the Beasley, Dragonfly North and Dragonfly South targets. A total of 108 samples were collected at all targets.

The Dragonfly South target area extends to the south from the Dragonfly target along a prominent structural corridor traceable in outcrop, LiDAR, and soil geochemistry as part of the 6.5km long Eastside Gold Trend. Historically, rock samples along the trend were low grade, not exceeding 0.5 g/t Au, despite very high tenor gold-in-soil results (soils up to 7.65 g/t Au) suggesting significant mineralization in the area.

Results from this sampling campaign include a cluster of high-grade rock samples over an ~100m wide corridor returning 10.9 g/t Au (C0105377), 6.73 g/t Au (C0105618), and 1.18 g/t Au (C0105576). All samples were hosted by sandy limestone with a jasperoidal breccia noted in sample C0105618.

K2’s current geological model interprets Dragonfly South as a continuation of the core Dragonfly zone (K2’s 2026 results of up to 39.62m of 5.35 g/t Au in DF26-020). The fault structures which extend to Dragonfly South cut through the same prospective siltstone/limestone host rocks and share fault geometry, and are now confirmed to host high grade gold along their extent.

With these new rock sampling results, Dragonfly is now confirmed to extend for 1,000m with high-grade gold in outcrop, within the Eastside Gold Trend which extends for 6.5km.

Flores

The Flores target is located 1.6km east of the Newmont target and consists of multiple clusters of high-grade gold mineralization found near lithological contacts between limestone and siltstone rock packages covering 1. 75km. The region is subdivided into the Flores Core, Flores SW, and Flores East zones. Highlight historical trenching results include 43m of 3.78 g/t Au. Also of note, Flores hosts many of the highest-grade rock results within the Eastside Gold Trend.

All three sub-targets at Flores were visited during the summer 2026 sampling campaign, with a total of 101 samples collected. At the Flores Core target, previously unknown high-grade gold was discovered 70m west of the historical trenching. Sample C0077521 returned 12.35 g/t Au and extends the prospective siltstone-limestone interface at Flores Core to 170m of possible strike.

At Flores SW, rock gold results to 8.08 g/t Au were recovered from iron oxide rich limestone in sampling near the limestone-siltstone interface, representing the highest-grade gold results from this sub-target to date. Additionally, sampling conducted 100m to the north of the target area along a mapped fault structure returned conspicuous gold-silver-base metal results, with sample 608316 returning 0.250 g/t Au, 81.4 g/t Ag, 6.12% Pb, and 0.48% Zn.

At Flores East, follow up sampling 180m north of the siltstone-limestone contact, within the siltstone package, returned highlight gold values of 28.6 g/t Au, 9.18 g/t Au, 7.66 g/t Au and 7.05 g/t Au over a ~40m east-west trend within a west-northwest trending structural corridor highlighted with silicification, quartz veining, hematite-goethite, and calcite blow-outs.

Stega

At the Stega Project area, which is divided into the Stega Copper trend in the west and Stega Gold trends in the east, a total of 42 rock samples were collected. Samples were predominantly collected in the gold trends and focused on testing for extensions of known gold-bearing structures and exploring up-slope through outcrop exposed in major drainages for additional, parallel to sub-parallel gold trends.

Highlight rock results include gold values to 4.95 g/t Au in the northern portion of the Stega gold trend and 2.1 g/t Au in a gossanous fold hinge in limestone in the central portion. Minor sampling was conducted in the south end of the Stega Copper trend, with a highlight result returned near historical copper workings in sample 608213 with 24.8% Cu and 252 ppm Ag. The sample was collected from an outcrop of shale proximal to a historical hand excavation and included strong copper mineralization (malachite, azurite, chalcopyrite, bornite/chalcocite) hosted in a quartz breccia.

Soda Ridge

Soda Ridge is located at the far northern edge of the Mojave Project, contiguous with K2’s Morningstar Project, and is situated immediately south of the historic Morningstar Mine, which produced an estimated 4,130 tons at an average grade of 10.3 g/t Au, 1,062 g/t Ag, 5% Pb, 1% Cu, and 3% Zn ². K2’s previous work at Soda Ridge includes grid soil sampling which returned a 600 x 700m gold-in-soil anomaly with values from up to 1.04 g/t Au and a As-Bi-Cu-Pb and Zn geochemical association, and limited rock sampling.

A total of 86 rock samples were collected at Soda Ridge during this program, with results of up to 3.04 g/t Au, up to 2.88% Cu, up to 2.91% Pb, and overlimit Ag (>100 g/t Ag). The results confirm the presence of an 800m long, 400m wide northwest-southeast trending gold and polymetallic zone focused along thrust contacts between bioclastic limestone and shale/siltstone. This trend remains open to the northwest, where it merges into the broader Morningstar trend.

Next Steps

Using the results from the initial 2026 sampling campaign, K2’s mapping teams are systematically returning to each new anomaly generated during the program to conduct detailed follow up with the goal of generating drill targets for future drilling.

Sampling, Analytical and QA/QC Procedures

The analytical work for the 2026 sampling was performed by MSA Laboratories (“MSA”) and ALS Laboratories (“ALS”). MSA is an internationally recognized and accredited analytical services provider. Samples were submitted to MSA’s Elko, Nevada facility where they were prepared using procedure PRP-910R (dry, crush entire sample to 2mm, rotary split and pulverize 250g to better than 85% passing 75 microns). Samples were then shipped to MSA’s Langley, BC laboratory, where pulp samples were analysed for gold by method FAS-111, a 30-gram Fire Assay fusion with an atomic absorption finish (AA, up to level). A 1g pulp was analysed by method IMS-235, a 4-acid digestion and inductively coupled plasma-atomic mass spectrometry for 48 elements. An additional pulp was then analysed for mercury using an aqua regia digestion and ICP-MS. Overlimit or ore-grade samples were analysed for Ag by ICF-6Ag, Cu by ICF-6Cu, and Pb by ICF-6Pb.

ALS Laboratories (“ALS”) is an internationally recognized and accredited analytical services provider. Samples were submitted to ALS’s Reno, Nevada facility where they were prepared using procedure PREP-31Y (dry, crush entire sample to 2mm, rotary split and pulverize 250g to better than 85% passing 75 microns). Samples were then shipped to the ALS laboratory in North Vancouver, BC, Canada, where pulp samples were analysed for gold by method Au-ICP21, a 30-gram Fire Assay fusion with an ICP-AES finish. Samples returning >10 g/t Au by Fire Assay were subsequently analysed with method Au-GRA21, a 30-gram fire assay with a gravimetric finish. A 0.25g pulp was analysed by method ME-MS61, a 4-acid digestion and ICP-MS finish for 48 elements. Overlimit or ore-grade samples were analysed for Ag by method Ag-OG62 and Ag-GRA21, Cu by Cu-OG62, and Pb by Pb-OG62.

Quality Assurance and Quality Control procedures include the insertion of coarse blanks and certified assay standards into the sample string at a rate of approximately 1/20 (5%). Samples were placed in sealed bags and shipped directly to the preparation lab in Elko, Nevada.

1. Livingstone et al., 2026, NI43-101 Technical Report on the Mojave Gold Project and Cerro Gordo Project, Inyo County, California, USA.
2. Merriam, 1963, The Geology of the Cerro Gordo Mining District, Inyo County, California, USGS Professional Paper 408.

Qualified Person (“QP”)

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Eric Buitenhuis, M.Sc., P.Geo., K2’s QP and Vice President of Exploration.

About K2 Gold Corporation

K2 Gold is part of Discovery Group, an alliance of companies responsible for the discovery of over 10 million ounces of gold.

The Mojave Project is a +6000-hectare oxide gold project with base metal targets located in Inyo County, California encompassing a 10km x 10km system of gold dominant polymetallic mineralization. Multiple previously recognized surface gold targets have been successfully drilled in the past, most notably by Newmont and BHP. Since acquiring the property, K2 has completed geochemical and geophysical surveys, geologic mapping, LiDAR, a WorldView 3 alteration survey, and successfully completed a 17-hole RC drill program focused on the Dragonfly and Newmont Zones. Highlights from K2’s drilling program include 6.68 g/t Au over 45.72m from surface at the Dragonfly Zone, and 1.69 g/t Au over 41.15m from 44.20m depth at the Newmont Zone. A follow up phase of drilling at Mojave is currently underway and will continue for the remainder of 2026.

The Si2 Project is a low-sulphidation epithermal gold system located in Nevada within the Walker Lane Trend. Historical shallow drilling tested only the uppermost levels of the system and returned anomalous gold, silver, and pathfinder elements. Since acquiring the project, K2 has completed detailed geologic mapping, surface geochemistry, geophysics, alteration mineralogy studies, fluid inclusion analysis, and age dating. These integrated datasets confirm that prior drilling did not test the interpreted boiling zone, where gold grades are typically maximized in epithermal systems. In early 2026, K2 completed an 8-hole, 3,871m exploration drilling program targeting the depths of the system and successfully intersected broad intervals of gold mineralization and blind-to-surface quartz veining.

The Wels Project lies approximately 60km south of Fuerte Metals Coffee project discovered by Kaminak Gold Corporation (formerly a Discovery Group company prior to its acquisition by Goldcorp-Newmont). Both the Coffee project and the Wels project lie within the Tintina Gold Belt, share similar characteristics, and are host to structurally controlled gold mineralization within intrusive rocks exhibiting multiple trends of mineralization. K2’s 2023 Reverse Circulation drilling program at the Wels Project intersected gold in each of 12 drill holes, including the discovery of a new mineralized corridor at the Saddle South target.

The Wolf Project is a new district-scale gold exploration project in west-central Yukon Territory, Canada, located 80 km south of the 3.0 Moz Au Coffee Gold Project currently under development by Fuerte Metals. Wolf consists of the Wolf South block, a >10km long gold-in-soil anomaly previously held by multiple operators and consolidated by K2, and the Wolf North claim blocks which host greenfield intrusion-related and epithermal gold targets.

On behalf of the Board of Directors,

Anthony Margarit
President and CEO

+1 (604) 331-5090
info@k2gold.com www.K2Gold.com

For further information about K2 Gold Corporation or this news release, please visit our website at K2Gold.com or contact our Office in Canada at 778-266-1456 or by email at info@k2gold.com.

K2 Gold Corporation is a member of Discovery Group based in Vancouver, Canada. For more information please visit: discoverygroup.ca.

Cautionary Statement on Forward-Looking Statements

This news release contains forward-looking statements that are not historical facts. Forward- looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements, including statements regarding the exploration program at Si2, Wels, and Mojave, including results of drilling, and future exploration plans at Si2, Wels, and Mojave. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company’s inability to obtain any necessary permits, consents or authorizations required for its planned activities, and the Company’s inability to raise the necessary capital or to be fully able to implement its business strategies. The reader is referred to the Company’s public disclosure record which is available on SEDAR+ (sedarplus.ca). Although the Company believes that the assumptions and factors used in preparing the forward looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the TSX Venture Exchange, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. No securities of the Company have been or will, in the foreseeable future, be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or exemption from such registration requirements is available.

NEITHER 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

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NEW YORK, Oct. 08, 2026 (GLOBE NEWSWIRE) — Lexeo Therapeutics, Inc. (Nasdaq: LXEO) a clinical stage company focused on reshaping the path of genetic diseases with high unmet need, today announced that the Company will participate in a fireside chat at Chardan’s 10th Annual Healthcare Conference on October 20, 2026 at 9:30am ET.

The event will be webcast live under the Events & Presentations tab in the Investors section of the Company’s website. A replay of the webcast will be available on the Lexeo website following the presentation.

About Lexeo Therapeutics
Lexeo Therapeutics is a New York City-based, clinical stage company dedicated to reshaping the path of genetic disease. By advancing pioneering science, Lexeo seeks to set a new standard in the treatment of cardiovascular and neurological genetic diseases, charting the path to patient outcomes once thought out of reach. The Company is advancing a portfolio of therapeutic candidates designed to address the underlying genetic causes of disease, including LX2006 for Friedreich ataxia (FA), LX2020 for plakophilin-2 (PKP2) arrhythmogenic cardiomyopathy, and others in devastating diseases with high unmet need.

Media Response:
Media@lexeotx.com

Investor Response:
Ashley Kaplowitz
akaplowitz@lexeotx.com