Track market-moving stories before they get noisy

Target announced it has appointed its first ever chief artificial intelligence officer on Tuesday in the retailer's latest bet to capitalize on the AI boom.

The company named Chandhu Nair as its chief AI officer and senior vice president and also announced Purvi Shah as the company's senior vice president of user experience.

"The most meaningful AI stories won't be about what happens in a lab," Nair said in a statement. "They'll be about what happens on the front line – how we make shopping easier for a guest, give a team member a better tool, make a business decision with more confidence or bring a new idea to market faster."

Nair previously worked at home improvement retailer Lowe's as the company's senior vice president of stores, data, AI and innovation. He has also held roles at Staples and Gap.

In his statement, Nair said he's focused on a "more coordinated approach" to AI for Target, including improving how the retailer manages inventory or enabling faster decisions.

As it looks to win back shoppers and investors, the company has been investing in generative AI, including a tool called Target Trend Brain, which helps the retailer get ahead of trends and identify the styles, colors and materials that customers will be searching for. And last holiday season, Target launched a new conversational AI program to help customers find the right gift for the people on their shopping lists.

The Tuesday announcement comes as many major retailers have been racing to keep up with the AI boom and integrate it into their business strategies.

Target's rival Walmart has been rolling out AI tools and agents across its stores and supply chains to enhance the customer experience and make its internal employee processes more efficient. Gap announced a partnership with Google's Gemini earlier this year, and Best Buy has collaborations in place with OpenAI and Google.

Retail company executives have been sizing up the AI transition and how it will evolve in the coming years. Former Walmart CEO Douglas McMillon told CNBC's "Squawk Box" in December that he decided to hand over the reins of the global retailer to someone "faster" who could tap into the ways AI could accelerate the business. John Furner took over the post from McMillon in February.

"About a year ago, I really started feeling like this next run, you could see what agentic commerce was going to look like, the vision for AI shopping, and I started thinking about everything that needs to happen over the next few years, and it really caused me to think that now was the right time [to step down]," McMillon said at the time.

One of this year's biggest surprises has to be Target (TGT +1.55%). The discount retailer entered 2026 with three consecutive years of slightly declining sales and a new CEO recruited from inside the company. Target was losing market share to its offline and online competition. Unlike its red-and-white bullseye logo, the chain itself seemed off the mark.

More than seven months later, and Target stock is booming. The shares are up 53% year to date, zooming past many of its publicly traded rivals that continue to grow faster than Target. This might seem like an interesting time to cash out and move on, but Wall Street pros beg to differ.

Image source: Getty Images.

Target practice Over the past three weeks, at least seven analysts have jacked up their price targets. The latest move came this week, with TD Cowen boosting its goal from $130 to $155 on Monday morning. Late last week, it was Michael Lasser at UBS who jacked up his Target target price from $144 to $166. The Street-high price target on the shares is $170, which is remarkable because it represents just 14% upside from current levels.

Analysts are trying to keep up with the shares, but it feels more like guarded optimism. With Target set to report its fiscal second-quarter results on Wednesday morning next week, the recent scramble for higher adjustments feels more like keeping up with the stock's momentum than a bullish declaration. It could be worse, of course.

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More than just lip service CEO Michael Fiddelke kicked off his tenure at the helm this year with a plan for improvement. He targeted four areas for the "cheap chic" retailer to achieve a turnaround:

Merchandising authority Elevating and differentiating the shopping experience Advancing technology Investing in Target's teams and communities Announcing $2 billion in incremental spending on store renovations and operational improvements was his way of putting his company's money to work where his mouth was. Next week, we will find out where the plan is just two quarters into his reign, but the early returns are encouraging.

Fiddelke began 2026 by projecting 2% growth in net sales, which was noteworthy because it would end a streak of three fiscal years of declines. The first quarter went better than expected. Net sales rose 6.7% with a 4.4% bump in comparable traffic and gains across all six of its core merchandising categories.

Target would double its full-year sales growth target to 4%. It boosted its quarterly dividend, something it has now done for 55 consecutive years.

Target is earning this year's upticks. It just needs to make sure that momentum is still growing in next week's report and that Fiddelke's surprisingly strong first quarter as CEO wasn't just beginner's luck.

Fiddelke has a plan. He has Wall Street pros on his side. There's a lot at stake with its next financial update.

Highlights

Hole 26MN-109 returned, at Goldwedge:2.83 g/t gold over 11.89 metres ("m") from 97.08 m and 9.46 g/t gold over 8.72 m from 126.00 m within the Zanzibar Formation.3.38 g/t gold over 33.31 m from 138.90 m, including 6.90 g/t gold over 12.89 m from 138.90 m within the Gold Hill Formation and Manhattan Caldera Volcanics.Hole 26MN-114 returned, along the Zanzibar Trend:15.28 g/t gold over 2.56 m from 94.27 m and 0.98 g/t gold over 23.2 m from 112.13 m, including 5.11 g/t gold over 3.38 m from 112.13 m, within the Gold Hill Formation.Vancouver, British Columbia--(Newsfile Corp. - August 10, 2026) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce results from four step-out holes of the Phase Two drill program at the Manhattan District Project ("Manhattan"), Nevada, USA: 26MN-109, 26MN-111, 26MN-112, and 26MN-114, see Figure 1. The results are tabulated in Table 1 and discussed below. Scorpio Gold has drilled 109 drill holes to date from its Phase Two diamond drilling program, 25MN-011 through 25MN-045, 26MN-046 through 26MN-119, for a grand total of 31,391 m. With the results herein, Scorpio Gold has reported assays on 103 of these (25MN-011 through 25MN-045, 26MN-046 through 26MN-112, and 26MN-114, totalling 29,156 m, and assays are pending from 6 holes (26MN-113, 26MN-115 through 26MN-119), totalling 2,236 m. The pending results will be reported as they become available.

In addition to the Phase Two drill program, the Company is reviewing historic core that is available at Manhattan and analyzing any historic core and pulps for silver. This new silver data from historic materials is supplementary to silver data that has been collecting since 2024 on new core drilled by the Company. Silver, or a gold equivalent ("AuEq"), has not been used or included in any results to date. Any new significant results from historic core or pulps will be reported as they become available.

"We continue to deliver solid grade hole after hole at Manhattan, and 26MN-109 demonstrates that not only are the Paleozoic rocks hosting mineralization, but the Volcanics of the Manhattan Caldera have mineralization potential, with grades of 3.38 g/t gold over 33.31 metres. While these volcanic units were typically dismissed by previous operators, USGS dating shows the Volcanics were formed well before the mineralization was emplaced, which adds more targets to the Manhattan District.

The volcanic contact near Goldwedge is now its own defined target. Hole 26MN-109 is a 50-metre step-out that carried mineralization through four separate intervals, including 2.83 g/t gold over 11.89 metres and 9.46 g/t gold over 8.72 metres and 0.68 g/t gold over 12.62 metres from 177.21 metres entirely within fractured volcanics with vein-hosted mineralization. Testing the Volcanic contact and the ground beyond it is the next step for Goldwedge," said Harrison Pokrandt, VP Exploration for Scorpio Gold.

Figure 1. Surface Plan Map of drill holes. Map Inset areas shown in Figure 2.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9779/308780_bd4663f29406c8db_002full.jpg

Goldwedge: Drill hole 26MN-109 is an approximately 50 m step-out to drill holes 24MN-009 and 25MN-048. Recent drilling at Goldwedge, including the results within, has demonstrated consistently strong mineralization:

1.69 g/t gold over 55.70 m from 118.90 m (24MN-009)0.59 g/t gold over 49.23 m from 31.69 m (26MN-048)11.84 g/t gold over 8.39 m from 106.21 m (26MN-075)1.27 g/t gold over 45.23 m from 137.95 m (26MN-086)1.17 g/t gold over 21.58 m from 111.71 m (26MN-089)2.04 g/t gold over 11.83 m from 115.67 m (26MN-091)1.60 g/t gold over 33.53 m from 6.70 m (26MN-101)2.05 g/t gold over 97.99 m from 64.16 m (26MN-110)The Gap Zone: Drill hole 26MN-112 is a 50 m step-out to hole 25MN-011 and 25MN-013. The Gap Zone is the previously undrilled area that connects Goldwedge to the Reliance Trend and ultimately, the historic West Pit. First tested in early 2025, and including the results within, significant mineralization at the Gap Zone includes:

1.24 g/t gold over 92.81 m from 3.05 m (25MN-011)1.27 g/t gold over 14.75 m from 194.95 m (25MN-013)0.80 g/t gold over 33.13 m from 118.38 m (25MN-017)0.94 g/t gold over 36.97 m from 162.95 m (25MN-020)2.21 g/t gold over 7.38 m from 222.14 m (25MN-030)Zanzibar Trend: Drill holes 26MN-111 and 26MN-114 are both approximately 50 m step-outs to multiple drill holes along the trend. These add to the significant mineralization encountered along the Zanzibar Trend, including:

3.14 g/t gold over 49.62 m from 59.95 m (25MN-044)0.66 g/t gold over 57.64 m from 29.59 m (25MN-045)2.10 g/t gold over 22.25 m from 34.14 m (26MN-063)2.74 g/t gold over 16.49 m from 45.45 m (26MN-066)12.78 g/t gold over 5.91 m from 134.51 m (26MN-067)0.69 g/t gold over 23.23 m from 4.05 m (26MN-070)2.68 g/t gold over 11.34 m from 0.76 m (26MN-071)2.77 g/t gold over 12.68 m from 58.64 m (26MN-080)Black Mammoth: Black Mammoth is a ~200+ m step-out from Goldwedge. Additional results at Black Mammoth will be reported as they become available. Significant mineralization includes:

0.75 g/t gold over 24.69 m from 230.12 m (26MN-053)1.02 g/t gold over 40.23 m from 195.69 m (26MN-057)0.62 g/t gold over 62.21 m from 230.43 m (26MN-069)6.04 g/t gold over 4.86 m from 308.23 m (26MN-072)0.58 g/t gold over 18.04 m from 311.05 m (26MN-078)0.83 g/t gold over 18.01 m from 277.68 m (26MN-092)2.56 g/t gold over 13.38 m from 293.28 m (26MN-096)All 2026 drill holes tested within and beyond the Inferred Resource Constraining Pit ("IRCP"), targeting new mineralization outside of the 2025 MRE block model, see Figures 4 and 6. For further details see "Mineral Resource Estimate and NI 43-101 Technical Report, Manhattan Property, Nye County, Nevada" with an effective date of June 4, 2025, on Scorpio Gold's website at https://wp-scorpiogold-2025.s3.ca-central-1.amazonaws.com/media/2025/10/SGN_Manhattan_Mineral_Resource_Estimate_-_Amended_43-101.pdf.

Figure 2. Inset Surface Plan Map of the Goldwedge, Gap Zone, and Zanzibar Trend Target Areas, with drill hole traces projected to surface and result highlights noted.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9779/308780_bd4663f29406c8db_003full.jpg

Drill Hole IDTarget
Azimuth / DipFrom (m)To (m)Intercept¹ (m)Gold (g/t)26MN-109Goldwedge18.5940.8422.250.22249 m246° / -83°73.2181.848.630.33

97.08108.9711.892.83

126.00134.728.729.46

138.90172.2133.313.38
including138.90151.7912.896.90

177.21189.8312.620.6826MN-111Zanzibar Trend49.3754.805.431.20507 m043° / -49°59.1964.625.430.92

110.34120.7010.360.42

152.71157.284.570.5126MN-112Gap Zone43.2859.7416.460.28258 m082° / -61°106.68114.918.230.26

128.93132.133.200.9526MN-114Zanzibar Trend64.1972.978.780.21217 m043° / -49°84.8085.390.593.80

94.2796.832.5615.28

112.13135.3323.200.98
including112.13115.523.385.11

159.90161.451.555.50

171.76176.484.722.00 ¹ Intervals contain no more than 3 continuous metres grading less than 0.1 g/t gold.

Table 1. Results from the current batch of drill holes. Note: There is insufficient geological information to estimate a true width for the drill intercepts reported.

Goldwedge Results:
26MN-109: This drill hole contains four significant intervals hosted within Ordovician Zanzibar Formation faulted and brecciated limestones. The first interval of 0.22 g/t gold over 22.25 m from 18.59 m has multiple feeder faults noted through the interval. The second interval of 0.33 g/t gold over 8.63 m from 73.21 m contains carbonaceous fault gouge at the start of the interval with strong brecciation and veining below. The third and fourth intervals of 2.83 g/t gold over 11.89 m from 97.08 m and 9.46 g/t gold over 8.72 m from 126.00 m contain fault breccia's throughout, with feeder structures within their respective intervals. The headline interval is hosted within Cambrian Gold Hill Formation marbles, to 167.79 m, and Manhattan Caldera volcanics ("Volcanics") for the remainder of the interval (to 172.21 m). This interval of 3.38 g/t gold over 33.31 m from 138.90 m, including 6.90 g/t gold over 12.89 m from 138.90 m, is strongly faulted and brecciated throughout, with stronger silicification near the top of the interval (Figure 3) and an increase in fault gouge near the bottom. A final interval of 0.68 g/t gold over 12.62 m from 177.21 m sits entirely within strongly fractured Volcanics, with vein-hosted mineralization. See cross-section A to A' (Figure 4).

Figure 3. Drill hole 26MN-109, interval 142.89 m to 147.83 m, displaying Cambrian Gold Hill Formation brecciated and silicified marble with quartz-calcite epithermal veins.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9779/308780_bd4663f29406c8db_004full.jpg

Figure 4. Cross-section A-A', showing gold grades with reported intervals highlighted.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9779/308780_bd4663f29406c8db_005full.jpg

Gap Zone Results:
26MN-112: This drill hole contains three intervals within the Cambrian Gold Hill Formation. The first interval of 0.28 g/t gold over 16.46 m from 43.28 m is hosted in veins and breccias within both fine grained clastic meta-sediments ("Muds") and marble. The later two intervals of 0.26 g/t gold over 8.23 m from 106.68 m and 0.95 g/t gold over 3.2 m from 128.93 m are both hosted within Muds with vein-hosted mineralization.

Zanzibar Trend Results:
26MN-111: This drill hole contains four intervals within the Cambrian Gold Hill Formation. The first interval of 1.20 g/t gold over 5.43 m from 49.37 m is hosted within silicified marble and transitions to Muds, from 50.02 m to 51.97 m (Figure 5). Strong epithermal breccia and veining is noted at this lithological contact in the middle of the interval. The second interval of 0.92 g/t gold over 5.43 m from 59.19 m is like the first, with marble noted until 59.86 m followed by a brecciated gouge fault contact with Muds below. Mineralization is again concentrated at the faulted lithological contact. The later two intervals of 0.42 g/t gold over 10.36 m from 110.34 m and 0.51 g/t gold over 4.57 m from 152.71 m are hosted in strongly silicified Muds. Both intervals contain feeder veins and faults.

26MN-114: This drill hole contains six intervals within the Cambrian Gold Hill Formation. The first interval of 0.21 g/t gold over 8.78 m from 64.19 m is vein hosted within Muds and sits directly above a lithological contact with a marble unit. The second interval of 3.80 g/t gold over 0.59 m from 84.80 m is a single sample with mineralization hosted in a fault within marble. The third interval of 15.28 g/t gold over 2.56 m from 94.27 m is hosted in breccia and veins within Muds and sits directly below a lithological contact with a marble unit. The fourth and fifth intervals of 0.98 g/t gold over 23.20 m from 112.13 m, including 5.11 g/t gold over 3.38 m from 112.13 m, and 5.50 g/t gold over 1.55 m from 159.90 m are entirely within Muds units. The fourth interval has an increase in brecciation and veining from the above intervals with a subtle increase in clay alteration with depth. The fifth interval is also brecciated with silica-rich shear textures noted near the bottom of the interval above a faulted lithological change. The final interval of 2.00 g/t gold over 4.72 m from 171.76 m is within a brecciated marble unit, with both mid-interval and end of interval gouge faults concentrating mineralization. See cross-section B to B' (Figure 6).

Figure 5. Drill hole 26MN-111, interval 50.60 m to 53.13 m, displaying silicified brecciated transition zone between Cambrian Gold Hill Formation Marble and Muds.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9779/308780_bd4663f29406c8db_006full.jpg

Figure 6. Cross-section B-B', showing gold grades with reported intervals highlighted.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9779/308780_bd4663f29406c8db_007full.jpg

QA/QC

HQ sized diamond drill core samples were cut in halves, then bagged and secured with security tags to ensure integrity during transportation to the Elko, NV, MSALABS facility for preparation. For quality assurance ("QA"), unmarked coarse blanks, unmarked certified reference materials, and requested laboratory duplicates were inserted into the sampling sequence. QA samples were systematically inserted into each batch of samples, amounting to approximately 10% of the run of samples. Samples were analyzed for gold using a two-cycle PhotonAssayTM analysis method (~500 g) of crushed material (70% passing 2 mm). All MSALABS facilities comply with ISO 17025:2017.

About the Manhattan District

Manhattan, located in the Walker Lane Trend of Nevada, USA, is road accessible and lies approximately 20 kilometers south of the operating Round Mountain Gold Mine (https://www.kinross.com/operations/default.aspx#americas-roundmountain), which has produced more than 15 million ounces of gold. For the first time, the Company has consolidated Manhattan's past-producing mines under a single entity that holds valuable permitting and water rights. Historically, Manhattan has produced approximately 700,000 ounces of gold from high-grade placer and lode operations dating from the late 1890s through to the mid-2000s.¹ The maiden mineral resource estimate (the "Maiden MRE") covering the Goldwedge and Manhattan Pit areas of Manhattan is comprised of 18,343,000 tonnes grading 1.26 g/t gold for a total of 740,000 oz contained gold in the inferred category.²

A historical mineral resource estimate (the "Historical MRE") covers the Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo areas of Manhattan and comprises 1,652,325 tonnes grading 5.89 g/t gold for a total of 303,949 oz contained gold.³ The deposit is interpreted as a low-sulfidation, epithermal, gold-rich system situated adjacent to the Tertiary-aged Manhattan caldera in the Southern Toquima Range of Nevada. A "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") has not done sufficient work to make the Historical MRE current, and the Company is not treating the Historical MRE as current.

Notes

Adjacent Properties: The Company has no interest in, or rights to, any of the adjacent properties mentioned, including the Round Mountain Gold Mine, and exploration results on adjacent properties are not necessarily indicative of mineralization on the Company's properties. Any references to exploration results on adjacent properties are provided for information only and do not imply any certainty of achieving similar results on the Company's properties.Historical Data: This news release includes historical information that has been reviewed by the Company's qualified person. The Company's review of the historical records and information reasonably substantiate the validity of the information presented in this presentation. The Company encourages readers to exercise appropriate caution when evaluating these data and/or results.Third-Party Mineral Projects: These deposits are cited solely for geological context. The Company cautions that these properties are not necessarily adjacent to, nor does the Company or have any interest in or control over them. Although certain geological features may be similar, there is no assurance that mineralization comparable to these deposits will be discovered on any of the Company's properties. Information regarding the aforementioned deposits is taken from publicly available sources and technical reports believed to be reliable but has not been independently verified by the Company. The Company encourages readers to exercise appropriate caution when evaluating these data and/or results.Mineral Resource Estimate (MRE): All scientific and technical information relating to Manhattan pertaining to Maiden MRE contained in this news release is derived from the Technical Report dated April 23, 2026 (with an effective date of June 4, 2025) titled "Mineral Resource Estimate and NI 43-101 Technical Report" (the "Technical Report") prepared by Matthew R. Dumala, P.Eng (BC) of Archer Cathro Geological (US) Ltd., Patrick Loury, M.Sc., CPG (AIPG) of Daniel Kunz & Associates, Annaliese Miller, LG (WA) of Geosyntec Consultants, Inc. and Art Ibrado, PhD, PE (AZ) of Fort Lowell Consulting PPLC. The information contained herein in respect of the Maiden MRE is subject to all of the assumptions, qualifications and procedures set out in the Technical Report and reference should be made to the full text of the Technical Report, a copy of which has been filed with the applicable securities regulators and is available under the Company's profile on www.sedarplus.ca.Historical MRE: A Qualified Person has not done sufficient work to make the Historical MRE current, and the Company is not treating the Historical MRE as current. The Company considers the Historical MRE relevant as it demonstrates the presence of significant gold mineralization across multiple zones within Manhattan; however, its reliability is uncertain because it was prepared prior to the adoption of the current CIM Definition Standards and current QA/QC practices. The Historical MRE provides limited disclosure of assumptions, parameters, estimation methods, cutoff grades, and QA/QC protocols, and therefore these cannot be fully verified by the Company. The categories used in the historical estimate predate, and are not directly comparable to, current CIM Definition Standards, and the Company is not treating the Historical MRE as a current Mineral Resource Estimate. To upgrade and verify the Historical MRE in order to make it a current Mineral Resource Estimate, the Company would be required to undertake confirmatory drilling, modern QA/QC sampling, validation and digitization of historical datasets and updated geological modeling followed by the preparation of a new Mineral Resource Estimate in accordance with CIM Definition Standards and NI 43-101. The Company encourages readers to exercise appropriate caution when evaluating the Historical MRE.

All scientific and technical information relating to Manhattan pertaining to the Historical MRE contained in this news release is derived from the Technical Report dated May 1997 titled "Exploration and Pre-Production Mine Development, Manhattan District Project, Nye County" (the "Historical Technical Report") prepared by New Concept Mining, Inc. The information contained herein in respect of the Historical MRE is subject to all the assumptions, qualifications and procedures set out in the Historical Technical Report and reference should be made to the full text of the Historical Technical Report.

References: (1) Strachan, D. G., and Master, T. D., 2005: Update and Revision of the Gold Wedge Project Development, Nye County. Report prepared for Nevada; Royal Standard Minerals, Inc. and dated March 31, 2005; (2) Dumala, M. R., and Lowry, P., 2025: Mineral Resource Estimate and NI 43-101 Technical Report, Manhattan Property, Nye County, Nevada. Report prepared for Scorpio Gold Corporation and dated October 23, 2025 (with an effective date of June 4, 2025); and (3) Berry, A., and Willard, P., 1997: "Exploration and Pre-Production Mine Development, Manhattan District Project, Nye County". Report prepared for New Concept Mining, Inc. and dated May 1997. Qualified Person

The scientific and technical information in this news release has been reviewed, verified and approved by Thomas Poitras, P. Geo., Chief Geologist of Scorpio Gold, a "Qualified Person", as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Verification included review of laboratory certificates, review of field logs and chain-of-custody records, inspection of blank/standard/duplicate performance, and review of collar and down-hole survey data. No limitations or failures to verify were identified.

About Scorpio Gold Corp.

Scorpio Gold holds a 100% interest in the Manhattan District located in the Walker Lane Trend of Nevada, USA. Scorpio Gold's Manhattan District is ~4,780-hectares and comprises the advanced exploration-stage Goldwedge Mine, with a 400 ton per day maximum capacity gravity mill, and four past-producing pits that were acquired from Kinross in 2021 (see news release dated March 25, 2021 https://scorpiogold.com/news/scorpio-gold-closes-purchase-of-kinross-manhattan-property-nye-county-nevada/). The consolidated Manhattan District presents an exciting late-stage exploration opportunity, with over 140,000 metres of historical drilling, significant resource potential, and valuable permitting and water rights.

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

ON BEHALF OF THE BOARD OF SCORPIO GOLD CORPORATION

Connect with Scorpio Gold:
Email | Website | Facebook | LinkedIn | X | YouTube
To register for investor updates please visit: scorpiogold.com
(TSXV: SGN) (OTC Pink: SRCRF) (FSE: RY9)

Forward-Looking Statements

This news release contains statements that constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management as of the date of this news release.

Forward-looking statements in this news release include, among others, statements relating to: the timing, scope and interpretation of assay results; potential for resource growth and discovery; the potential continuity, extent, grade and characteristics of mineralization along the Reliance Trend, Black Mammoth, Gap Zone, Zanzibar Trend and Mustang Hill; the intended follow-up exploration activities and timing thereof; the Company's exploration plans and objectives; expected future drilling programmes; anticipated timing of future disclosures and announcements; and other statements that are not historical facts. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including: that the Company will be able to obtain sufficient financing to complete planned exploration activities; that the Company will be able to obtain necessary permits and regulatory approvals in a timely manner; that exploration results will be consistent with management's expectations; that general business and economic conditions will not change in a materially adverse manner; that equipment and qualified personnel will be available when required; and that the Company's interpretations of geological data are accurate. 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 and risks include, among others: the Company may require additional financing from time to time in order to continue its operations, which may not be available when needed or on acceptable terms and conditions; the inherent risks involved in the exploration and development of mineral properties, including uncertainties related to the interpretation of drill results and other geological data; fluctuations in commodity prices; compliance with extensive government regulation and changes in domestic and foreign laws and regulations that could adversely affect the Company's business and results of operations; uncertainties related to obtaining necessary permits and regulatory approvals; risks related to the Company's ability to retain key personnel; environmental risks and hazards; title matters and surface rights issues; competition in the mining industry; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company's securities, regardless of its operating performance; and other risks and uncertainties disclosed in the Company's public filings.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308780

Source: Scorpio Gold Corp

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The nationʻs largest bank, JPMorgan Chase (JPM +0.34%), has long been the most successful bank, particularly since Jamie Dimon became CEO in 2006.

His strategy of building a fortress balance sheet has carried JPMorgan through the difficult times and benefited it in the good times.

JPMorgan Chase has been on an especially good run over the past year or so as rates have stabilized in a sweet spot for lending and net interest income, mergers & acquisitions (M&As) have taken off, and markets have been incredibly active.

Jamie Dimon. Image source: Getty Images.

In the second quarter, JPMorgan set revenue records in every line of its business as revenue surged 27% year over year to $58 billion, and earnings rose 47% to $7.70 per share. In the call with analysts, Dimon said, "It's getting close to as good as it gets. We just don't know how long it's going to last."

Off-the-charts ROTCE A key metric for banks is return on tangible common equity, or ROTCE, which measures the profit a bank generates from shareholder equity. It is considered a cleaner view of a bankʻs profitability as it strips out goodwill and intangible assets, showing how the bank is growing organically.

Generally, a ROTCE of 15% is considered good, and anything over that is excellent. In Q2, JPMorgan Chase had an off-the-charts ROTCE, excluding special items, of 23%. By comparison, Bank of America (BAC +0.27%) had a ROTCE of 17% while Wells Fargo (WFC +0.18%) had a ROTCE of 17.7%.

JPMorgan Chaseʻs Q2 ROTCE was the highest in almost five years. It has set a high bar for itself, establishing a long-term target of 17% ROTCE. It has exceeded that target every quarter dating back to at least Q4 2023.

Can JPMorgan keep the momentum going? Dimonʻs recent comments comments were peppered with cautious statements and uncertainty.

"When you have great returns and very good margins, which actually went up this quarter, not down, the notion that somehow you can forever increase your operating leverage is a crazy notion," Dimon said on the Q2 earnings call. "I do think you might actually see a slowdown in growth, maybe a slowdown in 2027 or 2028," he added.

Today's Change

(

0.34

%) $

1.22

Current Price

$

357.52

Then, in a recent interview with CNBC, Dimon cited the mounting risks in the stock market and how he wouldnʻt be a buyer of the broader market at this high valuation level. However, he would consider individual stocks if they are a "great investment."

Is JPMorgan Chase stock a great investment? It has been pretty much since Dimon took the reins 20 years ago, and it remains so.

Strong organic growth should continue as the interest-rate environment remains favorable and M&A activity remains hot. And if there is an economic slowdown, JPMorgan Chase has a great dividend and a fortress balance sheet built to navigate just about any cycle. Itʻs also trading at a favorable valuation with a price-to-earnings (P/E) ratio of 15.

JPMorgan Chase stock remains a great long-term investment in uncertain times.

Target Corp (NYSE:TGT)’s second quarter results will provide a key test of whether the retailer’s recent turnaround is gaining lasting momentum, with UBS analysts expecting comparable sales growth to accelerate on a two-year basis despite tougher year-ago comparisons.

UBS expects Target to report second-quarter comparable sales growth of 3% or more, above its 2.5% estimate and the 2.1% consensus forecast. The quarter will include a roughly 50 to 100 basis point headwind from Target lapping the launch of Nintendo Switch in the second quarter of 2025, along with unusually strong collectibles demand in the year-ago period.

“We expect Q2 to demonstrate continued progress,” UBS analysts wrote, pointing to continued improvements across Target’s assortment and operations. The firm expects the retailer’s two-year comparable sales stack to indicate an acceleration even if quarterly growth moderates from the first quarter.

UBS said improvements in Food & Beverage, Health & Wellness, Fun 101 and Home should continue to support results, alongside traffic-driving partnerships with brands including LoveShackFancy, Pokemon and Roller Rabbit. The firm also expects ongoing labor investments, improved inventory discipline and continued growth in higher-margin ancillary businesses to contribute.

The analysts said their checks indicate demand trends have remained relatively broad-based across customer cohorts, merchandise categories and geographic regions. While growth could moderate from first-quarter levels, UBS said the overall trajectory remains consistent with a business gradually rebuilding momentum.

The second quarter results should help determine whether Target’s first quarter performance marked the beginning of a sustainable recovery or was supported primarily by favorable external factors, according to UBS.

The firm said many of Target’s recent challenges were operational in nature, including weaker store execution, merchandising presentation, in-stock positions and the overall shopping experience. UBS believes Target’s current leadership team is positioned to address those issues, given management’s familiarity with the company and its historical operating standards.

“While execution risk remains, we believe the company is further along in identifying and addressing its underlying issues than many investors appreciate,” the analysts wrote.

UBS expects Target to maintain a conservative stance on its guidance, although it sees the potential for some early signs of improvement. If Target delivers comparable sales growth of roughly 3% to 3.5% in the second quarter, UBS believes the outlook for the remainder of fiscal 2026 would become increasingly favorable.

At the midpoint of that range, Target would need roughly 1.5% comparable sales growth in the third and fourth quarters to reach the high end of its existing 2.5% to 3% full-year comparable sales growth guidance, UBS said.

UBS also raised its price target on Target to $166 from $144, above current levels of $147, based on roughly 17 times its updated calendar 2027 earnings estimate of $9.63 per share, compared with its previous multiple of about 15 times and earnings estimate of $9.50.

The analysts said the higher price target reflects a stronger comparable sales outlook and margin opportunities tied to improved execution, Target’s initiatives and assortment changes.

“We continue to be bullish on the outlook for TGT shares from here,” UBS analysts wrote, adding that they believe the market may be underestimating the duration of Target’s growth opportunity.

The firm expects Target’s assortment changes, inventory management improvements and efforts to grow alternative revenue streams such as retail media and marketplace to provide additional opportunities beyond fiscal 2026.

VANCOUVER, BRITISH COLUMBIA – TheNewswire - AUGUST 6, 2026 – HI-VIEW RESOURCES INC. (“Hi-View” or the “Company”) (CSE: GXLD; OTC: GXLDF; FSE: B630) announces preliminary 2026 field results from the Borealis Project in the Toodoggone Mining District of north-central British Columbia. Hi-View has now completed 14 line-kilometres of induced polarization ("IP") survey over the historical Cas showing at the Borealis Project. The 2026 survey identified five chargeability anomalies, each representing a potential mineralized target for future drilling. The 2026 geological mapping and rock sampling over these areas have identified zoned alteration and localized copper mineralization suggesting a large-scale hydrothermal system. The Cas showing is located approximately 10 kilometres northwest from Centerra Gold's past-producing Kemess copper-gold mine. The Company will now be conducting three additional lines of IP survey to further define the targets. Rock and soil samples mentioned in this news release from the 2026 Borealis surface program have been submitted to ALS Geochemistry Ltd. (“ALS”) in North Vancouver, BC — an ISO/IEC 17025 accredited laboratory — for sample preparation and geochemical analysis. The samples were sealed in the field, stored securely, and transported by personnel of Apex Geoscience Ltd. of Edmonton, Alberta, to maintain chain of custody.

R. Nick Horsley, Chief Executive Officer of Hi-View, commented: “These new findings further confirm our hypothesis that Borealis contains a large hydrothermal system of the same style that created the porphyry complexes at Centerra’s Kemess and Amarc’s Joy projects. In the first few weeks of our field season, we have advanced from two historical IP targets to five distinct chargeability and resistivity anomalies. The program has reproduced historical signatures and provided new depth extensions, a previously unknown anomaly with copper mineralization at surface, and consistent porphyry-style alteration, giving us high confidence that the Borealis Project has potential for a significant discovery. With assays and hyperspectral analysis pending, new Mobile MT results imminent, and continued IP survey planned, these final datasets will enable further delineation of drill targets at Borealis.”

Highlights

Five distinct strong-to-intense chargeability anomalies are preliminarily identified at Cas, up from two identified by Placer Dome’s historical work (1992), each representing a separate potential drill target. 

The 2026 IP survey reproduced the two main chargeability zones first outlined by the 1992 IP survey (Line 6000E). 

2026 IP survey depth has extended sub-surface data from approximately 200 metres to 400 metres deep, defining a new high chargeability target at depth. 

Refined 2026 data show that the historical southern anomaly is in fact three separate chargeability anomalies, one of which remains open at depth (Line 1800N). 

A new, previously unidentified high-chargeability zone has been outlined southwest of Cas, coincident with copper mineralization mapped at surface (Line 1400N). 

A strong-to-intense chargeability anomaly on Line 2600N is associated with mapped crystal lithic tuff showing quartz-clay-pyrite (herein interpreted as "QSP") alteration and disseminated pyrite, also coincident with low resistivity. 

Background

A 1984 drill campaign in the area included a diamond drill hole (DDH84-7; Figure 1) that reached a final depth of 43.2 m and did not intersect its intended target of a mineralized and altered N-trending fault west of the drill hole collar.  

Historical IP surveying completed in 1992 produced two shallow, strong, high-chargeability zones at Cas, associated with pyritic clay alteration along the margin of a monzonitic intrusive body. The mapped intrusion produced a high-resistivity response typical of disseminated sulphide mineralization associated with copper porphyry systems.

2026 Preliminary Program Results

Click Image To View Full Size

  Figure 1.  Aerial Magnetics with 2026 IP Survey lines showing new Borealis - Cas Targets 1-5 sitting within two approximately 800 m-wide ring-shaped high magnetic anomaly centres. 1992 IP survey high chargeability anomalies represented by dashed lines.

Line 6000E: The 2026 survey reproduced and refined the signatures of both main intense chargeability and coincident intense resistivity zones identified historically (Targets 1 and 2; Figure 2).

Click Image To View Full Size

  Figure 2. Line 6000E IP Survey Results with Targets 1 and 2 highlighted.

Line 1400N: Refined modelling shows the southern of the two historical anomalies is in fact three separate chargeability anomalies, two of which are shown in the line sections in Figure 3. In addition, a new anomalous high-chargeability zone, coincident with a high-resistivity response, has been identified southwest of the southern historical anomaly. Copper mineralization was mapped at surface along this line (Figure 4), including:

Sample A1: A northeast-trending, 15-centimetre-wide granular to saw-tooth quartz vein hosting a malachite, chalcopyrite, and pyrite mineralization, hosted in crystal lithic tuff with weak sugary silica alteration, and locally cut by north-trending, thin, sheeted quartz-chlorite-epidote-sulphide veinlets. Interpreted to be associated with Target 4. 

Sample B1: Left image: Historical BQ drill core (DDH84-7) found littered on the ground, intersected strongly magnetic granodiorite and feldspar porphyry with pyrite-chalcopyrite-hematite veinlets with alteration halos ranging from millimetre-scale up to 0.5 centimetres in width. X-ray Fluorescence (XRF) readings yielded 525 ppm Mo and 133 ppm Zn. Right image: Black banded chalcedonic veins cut a gossanous zone with variable QSP alteration near the DDH84-7 drill site (Target 2). 

Click Image To View Full Size

  Figure 3. Line 1400N IP Survey Results with Targets 2, 4, and 5.

Click Image To View Full Size

  Figure 4. Images of surface hand samples and legacy drill core collected along Line 1400N transect.

Line 1800N: A strong to intense chargeability anomaly is coincident with the historical Cas 3-9 mineral showing (Target 5; Figure 5). Another deeper and strong chargeability anomaly (Target 3) extends from approximately 200 to 400 metres depth and remains open at depth. Surface rock samples (Figure 6) in this area returned:

Sample A2: An estimated 15% and 1% disseminated pyrite and chalcopyrite, respectively. Mineralization is hosted in an incohesive volcanic unit with fragments up to 5 cm in size and is interpreted to be associated with an intense chargeability anomaly (Target 5). 

Sample B2: Magnetic quartz monzonite is interpreted to be associated with an intense and large magnetic body, and an intense resistivity anomaly. 

Click Image To View Full Size

  Figure 5. Line 1800N IP Survey Results with Targets 3 (buried) and 5.

Click Image To View Full Size

  Figure 6. Images of surface grab samples collected near Cas 3-9 mineral showing along IP Line 1800N.

Line 2600N: Several geological stations along this line report disseminated pyrite, both fine- and coarse-grained associated with mapped crystal lithic tuff displaying QSP alteration of variable, weak-to-moderate intensity (Figure 8). These observations are interpreted to represent the distal phyllic alteration to a porphyry system and are coincident with strong-to-intense chargeability anomalies that extend up to a collective length of 1 km (Target 1; Figure 7) and with a ring-shaped magnetic anomaly of similar size (see Figure 1).

Click Image To View Full Size

  Figure 7. Line 2600N IP Survey Results with Target 1 shown.

Click Image To View Full Size

  Figure 8. Image of surface grab sample with QSP alteration along IP Line 2600N.

Additionally, the Company has retained Expert Geophysics Surveys Inc. to conduct a Mobile MT (Magnetotellurics) Survey consisting of 1,042 line-kilometres. This geophysical technology is utilized to detect deep electrical conductivity and resistivity signatures of copper-gold porphyry systems. It maps subsurface structures, fault conduits, and alteration zones down to depths up to 2 km. The survey was completed this week and results and interpretation are pending.

Qualified Person’s Statement

The technical content of this news release has been reviewed and approved by Nader Mostaghimi, M.Sc., P.Geo. (EGBC #53441), Vice President of Exploration for the Company and a Qualified Person as defined by National Instrument 43-101.

Corporate Update

Hi-View Resources Inc. has elected to rely on Coordinated Blanket Order 51-933, Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers, and move to semi-annual financial reporting.

The blanket order permits eligible venture issuers to voluntarily move from quarterly to semi-annual financial reporting. The company has determined that it meets the eligibility criteria under the blanket order, including that it is a venture issuer listing on the Canadian Securities Exchange, has annual revenue of less than $10-million and has a clean 12-month continuous disclosure record.

Under the blanket order, the company will be exempt from filing interim financial reports and related management discussion and analysis (MD&A) for its first and third quarters. The company's fiscal year ends on September 30. The initial period for which the company will not file an interim financial report and related MD&A in reliance of the quarterly reporting exemption will be for the three-month period ended June 30, 2026. The company will continue to file its audited annual financial report and related MD&A (due within 120 days of September 30) and six-month interim financial report and related MD&A (due within 60 days of March 31). This news release is being filed pursuant to the blanket order.

About Hi-View Resources Inc.

Hi-View Resources Inc., a publicly listed mineral exploration company on the Canadian Securities Exchange, is advancing a portfolio of gold, silver, and copper assets in the Toodoggone region of northern British Columbia. The Company’s 100% owned and optioned projects cover more than 27,791 hectares and include the flagship Golden Stranger Project, the Lawyers claims, and the Borealis Project — all designated as high-priority targets. Additional assets in the portfolio include the Nub and Saunders properties, while the Northern Claims and Harmon Peak remain under active option agreements. The company also has an additional 1,300 hectares currently under mineral claim application. For more information, please visit Hi-View’s website or review the Company’s filings on SEDAR+ (www.sedarplus.ca).

  On Behalf of the Board of Directors,

  “R. Nick Horsley”

R. Nick Horsley, CEO

For further information, please contact:

Hi-View Resources Inc.

R. Nick Horsley – CEO

Email: [email protected]

Telephone: (604) 377-8994

Website: www.hiviewresources.com

FORWARD-LOOKING STATEMENTS:

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

  The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.                                            

  WE SEEK SAFE HARBOUR

HIGHLIGHTS 6,463 m in 14 drill holes of new surface exploration drilling at the Proserpine regional exploration target, located 7 km along strike to the southeast of the Cariboo Gold depositResults confirm the presence of an emerging gold mineralized system comprising high-grade structures exhibiting similarities to those at the Cariboo Gold deposit that, together with broader zones of lower-grade mineralization, may indicate potential for open pit mining methodsHighlight intercepts include: 95.93 g/t Au over 4.60 m at 71 m vertical depth (including 873.00 g/t Au over 0.50 m), 5.46 g/t Au over 8.60 m at 77 m vertical depth, and 2.17 g/t Au over 14.45 m at 431 m vertical depthDrilling of an additional 26,500 m planned metres, initially with three rigs, is now resuming following a seasonal hiatus     TORONTO, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Osisko Gold Group Inc. (NYSE: OGG, TSXV: OGG) ("Osisko Gold" or the "Company") is pleased to announce its first set of new diamond drilling results consisting of fourteen holes from the surface exploration program on the Proserpine regional greenfield target, located within the broader Cariboo Gold Project property boundary and approximately 7 kilometres ("km") from the Company's permitted, 100%-owned Cariboo Gold Project (the "Project") in central British Columbia, Canada.

Chris Lodder, President, stated, "We are encouraged by the initial results from the drill campaign at Proserpine, which highlight the potential for a significant new gold mineralized system of scale located only 7 km from the Cariboo Gold deposit. Drilling has intersected high-grade structures showing similarities to those at Cariboo, but also containing areas with broader lower grade mineralization that may indicate potential for bulk mining methods. To date, drilling has broadly tested an area measuring approximately 1.0 km x 0.5 km within a larger target of 6.0 km x 1.0 km gold-in-soil and rock anomaly. For context, the currently defined Cariboo Gold deposit extends approximately 4.0 km along strike by 0.5 km in width, underscoring the exploration potential that remains to be tested at Proserpine."

DRILL ASSAY HIGHLIGHTS

This news release contains assays from fourteen (14) diamond drillholes ("DD") totalling 6,463 meters ("m") with depths ranging from 36.0 to 734.3 m (see Table 1 and Figure 3) completed between February and May of 2026. All holes were collared in HQ (63.5 millimetre diameter) and reduced to NQ (47.6 millimetre diameter) where necessary to continue advancing. Estimated true widths of intercepts are provided in Table 1. Select highlights include:

95.93 grams per tonne ("g/t") gold ("Au") over 4.60 m at 71 m vertical depth in PSP-26-004, including: 873.00 g/t Au over 0.50 m, and3.77 g/t Au over 1.20 m 5.46 g/t Au over 8.60 m at 77 m vertical depth in PSP-26-001 (Figure 1), including: 16.05 g/t Au over 1.10 m, and12.50 g/t Au over 0.87 m, and10.25 g/t Au over 0.50 m, and5.97 g/t Au over 0.70 m, and5.21 g/t Au over 0.80 m, and3.36 g/t Au over 0.60 m, and1.50 g/t Au over 0.90 m, and1.18 g/t Au over 0.90 m 2.17 g/t Au over 14.45 m at 431 m vertical depth in PSP-26-001, including: 35.10 g/t Au over 0.65 m, and8.61 g/t Au over 0.50 m, and2.21 g/t Au over 0.50 m, and1.21 g/t Au over 0.50 m 1.46 g/t Au over 12.40 m at 295 m vertical depth in PSP-26-003, including: 15.40 g/t Au over 1.00 m, and2.02 g/t Au over 0.50 m 3.17 g/t Au over 5.45 m at 334 m vertical depth in PSP-26-009, including: 19.30 g/t Au over 0.60 m, and9.52 g/t Au over 0.50 m, and1.22 g/t Au over 0.50 m 1.30 g/t Au over 12.00 m at 27 m vertical depth in PSP-26-011, including: 9.92 g/t Au over 0.70 m, and6.19 g/t Au over 0.50 m, and3.63 g/t Au over 0.50 m, and3.75 g/t Au over 0.50 m, and1.50 g/t Au over 0.65 m 2.93 g/t Au over 5.15 m at 233 m vertical depth in PSP-26-001, including: 15.60 g/t Au over 0.95 m 4.30 g/t Au over 3.10 m at 226 m vertical depth in PSP-26-001, including: 18.75 g/t Au over 0.50 m, and7.54 g/t Au over 0.50 m 2.79 g/t Au over 4.00 m at 184 m vertical depth in PSP-26-014, including: 11.55 g/t Au over 0.90 m 2.30 g/t Au over 4.50 m at 17 m vertical depth in PSP-26-007, including: 12.25 g/t Au over 0.50 m, and5.62 g/t Au over 0.50 m, and1.73 g/t Au over 0.50 m, and1.09 g/t Au over 0.50 m Results to date have expanded the footprint of known mineralization at Proserpine to approximately 1.0 km along strike by 0.5 km in width, with mineralization remaining open in all directions. All drill holes that reached their intended target depths encountered mineralization, providing a compelling basis for systematic follow-up drilling. Mineralization was encountered from near surface to vertical depths exceeding 400 metres. In particular, hole PSP-26-001 returned several notable mineralized intercepts beginning at a vertical depth of approximately 55 metres and with the deepest at more than 400 metres from surface.

FIGURE 1: 5.46 g/t Au over 8.6 m in PSP-26-001 at approximately 77 m vertical depth.

Drilling also intersected significant intervals of the prospective siliceous sandstone unit, confirming its presence within the target area and providing additional information to refine the geologic model. Based on preliminary observations to date, the siliceous sandstone is believed to represent a more favourable host for mineralization than the calcareous sandstone (see Figure 3).

Diamond drilling at Proserpine has resumed with three active drill rigs following a brief, planned seasonal hiatus. Additional drill rigs may be mobilized as warranted as the planned drill program continues to expand the mineralized footprint and increase drillhole density at Proserpine Southeast, while initiating first-pass drilling at previously untested targets at Proserpine Northwest.

FIGURE 2: Cariboo Gold regional overview.

FIGURE 3: Plan view of Proserpine diamond drilling with select intercept highlights.

FIGURE 4: Proserpine diamond drilling select intercept highlights in long section.

TABLE 1: Select manual composite and individual sample highlights greater than or equal to 1.0 g/t Au.

Drillhole ID From (m)To (m)Length (m)Au g/tEst. True
Width (m)Approx. Vertical
Depth (m)PSP-26-001 71.5072.150.651.160.4255  79.7083.603.901.182.9562 Including80.2081.301.102.71   and83.0583.600.551.67    97.00105.608.605.466.5177 Including97.5098.200.705.97   and98.2099.000.805.21   and100.73101.600.8712.50   and101.60102.701.1016.05   and102.70103.200.5010.25   and103.20104.100.901.50   and104.10105.000.901.18   and105.00105.600.603.36    146.40147.100.701.490.35112  165.95166.700.751.600.58126  288.95289.600.651.230.56219  290.45290.950.501.110.45220  297.80300.903.104.302.46226 Including297.80298.300.507.54   and300.40300.900.5018.75    304.70309.855.152.933.95233 Including304.70305.650.9515.60    312.70313.250.551.210.42237  334.80335.300.501.740.38254  343.95344.450.503.980.32261  494.70495.200.503.040.41376  559.85562.352.501.042.11420 Including561.85562.350.504.53    572.00586.4514.452.1711.80431 Including574.25574.750.501.21   and574.75575.250.502.21   and577.55578.200.6535.10   and585.45585.950.508.61    591.50593.001.501.100.96440PSP-26-002 15.5016.000.501.000.3812  36.6037.200.602.570.3926  47.0047.500.503.250.3234  52.1052.600.501.200.3537  73.5074.501.002.540.8252 Including74.0074.500.504.68    89.7090.200.502.830.3563  95.1095.600.501.040.2567  165.90166.400.501.330.25115  179.60180.100.501.610.46124  194.20194.950.751.830.61134PSP-26-003 83.6084.100.502.980.3566  145.15145.650.502.580.39113  169.35171.251.904.931.34133 Including170.20170.750.5516.15    183.00184.001.001.200.77144 Including183.00183.500.502.27    187.50191.003.501.122.76148 Including187.50189.001.501.17   and190.00190.500.503.45    294.10299.605.501.034.13235 Including299.10299.600.508.10    329.00334.005.001.103.97262 Including331.25331.750.507.78    367.00379.4012.401.4610.31295 Including370.50371.501.0015.40   and373.60374.100.502.02    395.80396.300.501.180.38313  411.10417.706.601.095.07326 Including412.10412.600.501.05   and412.60413.100.501.11   and413.10413.600.506.22   and413.60414.200.601.89   and415.20415.700.501.47   and415.70416.200.501.32    419.20420.301.101.070.60330 Including419.70420.300.601.80   and430.10430.600.502.300.09338  439.30442.202.901.002.33345 Including439.30440.000.701.04   and440.50441.150.652.68   and474.90475.400.502.260.32368  478.50479.000.501.530.43370  505.85506.350.501.530.41386  533.50534.000.506.140.29402PSP-26-004 110.40115.004.6095.933.2571 Including112.30112.800.50873.00   and113.80115.001.203.77  PSP-26-005 55.0558.603.551.081.9142 Including55.0555.600.554.67   and58.1058.600.502.33    76.8579.052.203.111.0759 Including77.3578.000.652.77   and78.0079.051.054.58   and135.35135.850.501.050.45101  194.00194.500.501.120.32147  227.60228.200.601.100.10172  241.50242.000.501.240.26182  294.00294.500.502.170.45224  312.75313.751.001.030.89239 Including312.75313.250.501.04   and313.25313.750.501.02    320.00321.001.001.330.94244  402.40402.900.501.170.43306  412.20413.301.101.430.72314 Including412.20412.800.601.82    414.50416.451.951.041.05315 Including415.75416.450.702.34    522.30523.200.901.630.52384PSP-26-006 139.70140.200.501.050.45104  161.00161.500.501.160.29121  251.60252.100.5020.200.35194  293.60294.601.0010.210.77227 Including293.60294.100.5020.30    315.50316.501.001.820.94243 Including316.00316.500.503.36   and323.50324.000.501.860.35249  468.50470.001.504.861.27361 Including468.50469.000.5011.50   and469.50470.000.503.06    476.50477.000.501.330.43366  499.00499.500.501.220.43383  509.90510.901.001.150.42392 Including510.40510.900.501.41    513.70514.500.802.250.34395PSP-26-007 25.8030.304.502.303.9517 Including25.8026.300.501.73   and27.3027.800.505.62   and29.3029.800.5012.25   and29.8030.300.501.09    74.0574.550.501.050.3244  80.0580.550.501.810.4346  112.50113.000.502.230.1462  165.35167.001.651.350.5690 Including166.00167.001.002.00    174.90176.801.901.190.8095 Including174.90175.400.501.98   and175.40175.900.502.37    216.35216.850.502.350.40116  266.00266.850.851.170.43143  332.05338.556.501.543.08184 Including334.25335.000.751.16   and335.00335.500.502.29   and336.00336.750.759.46  PSP-26-008 57.1557.650.501.400.2532  215.50216.000.501.110.35122  222.10223.251.151.740.94127 Including222.10222.750.652.91   and226.70227.200.503.57  PSP-26-009 172.45175.453.001.352.16142 Including172.45172.950.507.38    381.55383.201.652.130.92311 Including381.55382.200.651.67   and382.20382.700.504.75    388.95389.500.5515.200.35317  399.95400.450.501.580.32326  407.65413.105.453.173.67334 Including409.40409.900.509.52   and409.90410.500.6019.30   and410.50411.000.501.22    461.55464.352.801.721.98377 Including462.45462.950.509.06  PSP-26-012No Significant Assays    PSP-26-011 41.5053.5012.001.306.8827 Including41.5042.200.709.92   and45.5046.000.503.75   and46.5047.000.506.19   and50.7551.400.651.50   and53.0053.500.503.63    101.50102.851.352.301.0757 Including101.50102.000.501.65   and102.00102.850.852.69    313.80315.051.254.181.11180 Including313.80314.450.651.44   and314.45315.050.607.14    319.00320.001.002.350.71183  325.00328.003.001.362.30187 Including325.00326.001.001.07   and327.00328.001.002.95    382.25383.000.751.500.57222PSP-26-012No Significant Assays     11.0012.501.501.411.157 Including11.0011.500.503.49    207.25208.251.002.020.79124 Including207.25207.750.503.49    234.00239.505.501.134.21141 Including234.00234.500.501.07    238.00240.502.501.091.77143 Including238.50239.000.502.28   and239.00239.500.502.74  PSP-26-014 97.3097.850.551.300.4875  99.00103.004.001.013.4678 Including100.00100.650.651.33   and101.50103.001.501.87    108.80111.452.651.341.9085 Including108.80109.300.503.55   and110.80111.450.652.31    115.00116.001.001.240.5090  205.00206.001.003.390.71162 Including205.00205.500.506.51    230.50234.504.002.792.95184 Including233.10234.000.9011.55    258.65261.502.851.201.63205 Including260.00261.501.502.16    603.00603.500.501.740.35415         TABLE 2: Surface DD collar locations, orientations, and max depths.

Drillhole IDEasting
(UTM Zn 10N)Northing
(UTM Zn 10N)Elevation (m)Depth (m)Collar DipCollar AzimuthPSP-26-00160152558769981719603.70-45125PSP-26-00260179658766701755502.20-45125PSP-26-00360158558769041721612.00-45125PSP-26-00460188158766221750498.00-45125PSP-26-00560156358768591721657.00-45125PSP-26-00660128258769681675542.00-45125PSP-26-00760196858765711737345.00-45125PSP-26-00860206158765151717277.75-45125PSP-26-00960143658769961699525.00-45125PSP-26-0106019315876700173574.50-45125PSP-26-01160205658765191718620.80-45125PSP-26-0126016295876769172836.00-45125PSP-26-01360193258767001735435.00-45125PSP-26-01460162758767691728734.30-45125        ABOUT THE PROSERPINE PROSPECT

The Proserpine Mountain ("Proserpine") prospect area represents a roughly 4 km long post-mineralization fault-bound prospective strike length identified through detailed surface mapping and surface geochemical sampling approximately 7 km along strike to the southeast of the Company’s permitted, 100%-owned Cariboo Gold Project, located in central British Columbia. Mineralization style and controls observed at Proserpine appear to be similar to those observed in the Cariboo Gold deposit area, with high-grade gold intercepts associated with quartz-pyrite to polymetallic (pyrite+/-galena+/-arsenopyrite) quartz veins. Less than half the strike-length of the Proserpine has been drill tested to date, with the current campaign focused on following up on promising preliminary results from the 2019-2020 drilling campaigns at the central southeast limits of the prospect area (Proserpine Southeast). An aggregate total of 10,497 metres of exploration drilling was completed by the Company at the Proserpine regional prospect between 2018 and 2020, not including new drilling contained herein.

ABOUT THE CARIBOO GOLD PROJECT

The Cariboo Gold Project is a permitted, 100%-owned feasibility-stage project located in the historic Wells-Barkerville mining camp of central British Columbia, Canada. Spanning approximately 186,740 hectares, the Company's land package includes 443 mineral titles and covers an area that extends approximately 77-kilometres from northwest to southeast. In late 2024, the Project was granted the Mines Act and Environmental Management Act (British Columbia) permits, marking the successful completion of the permitting process for key approvals, solidifying the Project's shovel-ready status.

The Cariboo Gold Project hosts probable mineral reserves of 2.071 million ounces of contained Au (17,815 kt grading 3.62 g/t Au); measured mineral resources of 8,000 ounces of contained Au (47 kt grading 5.06 g/t Au); indicated mineral resources of 1.604 million ounces of contained Au (17,332 kt grading 2.88 g/t Au); and inferred mineral resources of 1.864 million ounces of contained Au (18,774 kt grading 3.09 g/t Au). Mineral resources are reported exclusive of mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The reader is cautioned that inferred mineral resources have a greater degree of uncertainty than indicated mineral resources and must not be converted to mineral reserves; it is reasonably expected, though not guaranteed, that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration.

Technical Reports

Scientific and technical information relating to the Cariboo Gold Project and the 2025 feasibility study on the Cariboo Gold Project is supported by the technical report, titled "NI 43-101 Technical Report, Feasibility Study for the Cariboo Gold Project, District of Wells, British Columbia, Canada" dated June 11, 2025 (with an effective date of April 25, 2025) (the "Cariboo Technical Report").

For readers to fully understand the information in the Cariboo Technical Report, reference should be made to the full text of the Cariboo Technical Report in its entirety, including all assumptions, parameters, qualifications, limitations and methods therein. The Cariboo Technical Report is intended to be read as a whole, and sections should not be read or relied upon out of context. The Cariboo Technical Report was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and is available electronically on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov) under Osisko Gold's issuer profile and on the Company's website at www.osiskogold.ca.

Qualified Persons

The scientific and technical information contained in this news release has been reviewed, verified and approved by Scott Smith, P. Geo., Vice President, Exploration of Osisko Gold, a "qualified person" within the meaning of NI 43-101. Verification includes core photo and three-dimensional review of logged drillhole data and assays consistent with the Company's standard procedures.

The exploration results disclosed in this news release are based on incomplete data and are preliminary in nature. There are no known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data; however, readers are cautioned that additional drilling and sampling may result in materially different results than those presented herein.

Quality Assurance (QA) – Quality Control (QC)

HQ and NQ diameter drill core is cut (halved) on site at the Cariboo Project subsequent to QAQC checks for logging and sampling errors. Quality control (QC) samples are inserted at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. Samples are bagged, labelled, sealed with numbered security tags, and transported to the laboratory under secure chain of custody procedures.

All drill core samples are submitted to ALS Geochemistry's analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays, and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed, and 250 grams is pulverized. Analysis for gold is by 50 gram fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed by fire-assay with gravimetric finish (upper limit 10,000 ppm). Select samples containing visible gold and/or cosalite are flagged during logging for an additional 1,000-gram screen metallic fire assay to ensure accurate quantification of any coarse fraction. All samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).

 ABOUT OSISKO GOLD GROUP INC.Osisko Gold Group Inc. is a continental North American gold development company focused on past producing mining camps with district-scale potential. The Company's objective is to become an intermediate gold producer through the development of its flagship, fully permitted, 100%-owned Cariboo Gold Project, located in central British Columbia, Canada. Its project pipeline is complemented by the Tintic Project, located in the historic East Tintic mining district in Utah, U.S.A., a brownfield property with significant exploration potential, extensive historical mining data, and access to established infrastructure. Osisko Gold is focused on developing long-life mining assets in mining-friendly jurisdictions while maintaining a disciplined approach to capital allocation, development risk management, and mineral inventory growth.

For further information, visit our website at www.osiskogold.ca or contact:

  
Sean Roosen
Chairman and CEO
Email: [email protected]
Tel: +1 (514) 940-0685
Philip Rabenok
Vice President, Investor Relations
Email: [email protected]
Tel: +1 (437) 423-3644

      CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, as amended) (collectively, "forward-looking statements"). Such forward-looking statements are identified with words such as "may", "will", "would", "could", "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee", "objective", "strategy", variants of these words or the negative or comparable terminology, as well as terms usually used in the future and the conditional. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including the assumptions, qualifications, limitations or statements pertaining to: the utility and significance of the exploration drilling at the Proserpine regional target and the results and interpretation thereof; the presence and continuity of an emerging gold mineralized system at Proserpine exhibiting similarities to the Cariboo Gold deposit; the potential for open pit mining methods at Proserpine based on mineralization characteristics observed to date; the significance and interpretation of drill intercepts and the ability to expand the mineralized footprint at Proserpine; the planned resumption and continuation of the drilling program at Proserpine; the prospectivity of exploration in targets outside of currently defined mineral reserves and/or mineral resources; the assumption that a comparison of the strike length and width of the currently defined Cariboo Gold deposit to the area tested to date at the Proserpine exploration target is meaningful and indicative of exploration potential, which has not been demonstrated; the assumption that further exploration at Proserpine will yield results (if any) comparable to those at the Cariboo Gold deposit; the interpretation and accuracy of spatial geometries, geological structure and local variability modeling and assumptions; the results (if any) of further exploration work and ability of the Company to define mineral resources at Proserpine; the ability of exploration work (including drilling and sampling) to accurately predict mineralization; the ability of the Company to complete its exploration objectives in the timing contemplated and within expected costs (if at all); assumptions, qualifications and parameters underlying the Cariboo Technical Report (including, but not limited to, the mineral resources, mineral reserves, production profile, mine design and project economics); the ability of the Company to achieve the estimates outlined in the Cariboo Technical Report in the timing contemplated (if at all); the future development and operations at the Cariboo Gold Project; management's perceptions of historical trends, current conditions and expected future developments; the utility and significance of historic data, including the significance of the district hosting past producing mines; the ability to adapt to changes in gold prices, estimates of costs, estimates of planned exploration and development expenditures; the Company's strategy and objectives relating to the Cariboo Gold Project as well as its other projects; the assumptions, qualifications and limitations relating to the Cariboo Gold Project being permitted; the exploration potential and prospectivity (if any) of its properties; the Company's anticipated name change and trading of its securities under its updated stock ticker symbols (including timing thereof); regulatory framework remaining defined and understood as well as other considerations that are believed to be appropriate in the circumstances, and any other information herein that is not a historical fact may be "forward looking information". Actual results could differ materially due to a number of factors, including, without limitation: the change in the Company's trading symbols and the marketplace effective date of such changes, risks relating to third-party approvals, including the issuance of permits by governments, capital market conditions and the Company's ability to access capital on terms acceptable to the Company for the contemplated exploration and development at the Company's properties; risks related to the exploration, development and operation of the Cariboo Gold Project; risks related to geological modeling and resource estimation; health, safety and security incidents; regulatory delays or changes in regulatory framework and applicable laws; labour shortages or disputes; general economic and market conditions and business conditions in the mining industry; fluctuations in commodity and currency exchange rates; changes in regulatory framework and applicable laws, as well as those risks and factors disclosed in the Company's most recent annual information form, financial statements and management's discussion and analysis as well as other public filings on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov).

Although the Company believes the expectations conveyed by the forward-looking statements are reasonable based on information available as of the date hereof, no assurances can be given as to future results, levels of activity and achievements. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. Forward-looking statements are not guarantees of performance and there can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/b721d582-4327-45f9-99b0-7912b2781c4a
https://www.globenewswire.com/NewsRoom/AttachmentNg/e0bd2556-1581-43c4-9697-f627ac4a198c
https://www.globenewswire.com/NewsRoom/AttachmentNg/703af41e-b822-4f85-82b7-53a6e1821143
https://www.globenewswire.com/NewsRoom/AttachmentNg/85a67a99-e19d-4052-9c59-366164458ce5

  Highlights. Results confirm mineralisation continues to grow at Ishkōday: down-plunge at the A-Zone in LBX26-104, along strike to the northeast at the newly validated Garvey Zone target in LBX26-103 and extending southwest along the McLeod Horizon in LBX26-105. Drilling results for LBX26-104 confirm gold-zinc-silver-copper mineralisation down-plunge of the A-Zone with 11.15m grading 0.393 g/t Au, 6.06 g/t Ag, 0.18% Cu and 1.80% Zn; and gold mineralisation in hole LBX26-105, with 2.00m grading 1.342 g/t Au, including 1.00m grading 2.530 g/t Au alongside a broad polymetallic interval of 14.90m grading 0.125 g/t Au, 4.89 g/t Ag, 0.18% Cu and 0.67% Zn; and confirms the Garvey Zone geophysical target concept in hole LBX26-103.

TORONTO, Ontario — August 5, 2026 – TheNewswire — LAURION Mineral Exploration Inc. (TSX-V: LME | OTC: LMEFF | FSE: 5YD) ("LAURION" or the "Company") is pleased to report assay results from the first three diamond drill holes, LBX26-103, LBX26-104, and LBX26-105, completed as part of the Company's ongoing Phase 1 drilling program at its 100%-owned Ishkōday Gold and Polymetallic Project ("Ishkōday" or the "Project"), located in the Beardmore-Geraldton Greenstone Belt of Northwestern Ontario. The results support management’s view that the A-Zone may have potential to support a future mineral resource estimate (“MRE”) at the A-Zone, extending known mineralisation deeper underground and confirming a new target area along strike.

Management Comment

“In our view, these three holes are an encouraging start to our 2026 infill program, continuing to confirm and extend mineralisation we already know is here," said Cynthia Le Sueur-Aquin, President and CEO of LAURION. LBX26-104 and LBX26-105 have extended the polymetallic footprint of the A-Zone well down-plunge of historical drilling, and the zinc and silver grades we are seeing there – including over six (6) metres of better than 6% zinc – open up new depth potential for the Project. These results move us closer to our goal of unlocking the A-Zone's first resource. LBX26-103 has validated our geophysical targeting at the Garvey Zone, confirming that the same IP and resistivity signature that defines the A-Zone extends along strike to the northeast. We look forward to continuing to build on these results as the infill program progresses.”

    Highlights

LBX26-105 (McLeod Horizon / 2015 Abitibi geophysical target, SW of LBX22-080 and LBX22-081):

2.00m grading 1.342 g/t Au, 1.30 g/t Ag, 0.06% Cu and 0.30% Zn from 233.00m to 235.00m, including 1.00m grading 2.530 g/t Au, 2.00 g/t Ag, 0.07% Cu and 0.45% Zn. 

14.90m grading 0.125 g/t Au, 4.89 g/t Ag, 0.18% Cu and 0.67% Zn from 298.10m to 313.00m, including 5.50m grading 0.267 g/t Au, 8.63 g/t Ag, 0.29% Cu and 1.06% Zn, and a higher-grade 0.50m interval grading 0.150 g/t Au, 15.60 g/t Ag, 0.33% Cu and 3.49% Zn. 

1.70m grading 0.960 g/t Au from 258.00m to 259.70m, including 1.00m grading 1.150 g/t Au. 

A narrow, high-grade polymetallic interval of 0.50m grading 0.111 g/t Au, 13.10 g/t Ag, 0.72% Cu and 3.26% Zn from 247.20m to 247.70m. 

LBX26-104 (A-Zone down-plunge test):

11.15m grading 0.393 g/t Au, 6.06 g/t Ag, 0.18% Cu and 1.80% Zn from 264.70m to 275.85m, including 5.35m grading 0.662 g/t Au, 8.88 g/t Ag, 0.23% Cu and 3.28% Zn, and including a higher-grade 1.95m interval grading 1.314 g/t Au, 13.43 g/t Ag, 0.41% Cu and 6.34% Zn. 

LBX26-104 also returned 7.70m grading 0.207 g/t Au, 3.19 g/t Ag, 0.07% Cu and 1.42% Zn from 283.30m to 291.00m, including 0.50m grading 1.780 g/t Au, 4.80 g/t Ag, 0.10% Cu and 2.02% Zn, and a narrow high-grade interval of 0.50m grading 6.460 g/t Au, 19.00 g/t Ag, 0.89% Cu and 2.32% Zn at 313.00m to 313.50m. 

Near-surface polymetallic mineralisation was also intersected in LBX26-104 from 7.50m to 9.90m (2.40m grading 0.417 g/t Au, 4.28 g/t Ag, 0.09% Cu and 1.02% Zn, including 0.90m grading 0.693 g/t Au, 6.70 g/t Ag). 

LBX26-104 was collared approximately 166m northwest of historical drill hole 90-47 and approximately 191m northwest of historical drill hole 90-39, extending the tested down-plunge footprint of the A-Zone corridor beyond historical drilling. 

LBX26-103 (Garvey Zone IP target):

Confirmed the presence of hydrothermal quartz-breccia hosted polymetallic mineralisation coincident with the Garvey Zone chargeability/resistivity anomaly, including 3.75m grading 0.164 g/t Au and 14.41 g/t Ag from 195.20m to 198.95m, and 2.30m grading 0.111 g/t Au and 2.70% Zn from 221.10m to 223.40m, including 1.30m grading 0.137 g/t Au, 7.22 g/t Ag and 3.16% Zn. 

Results from LBX26-103 indicate that gold grades within the breccia-hosted polymetallic mineralisation remain low relative to the orogenic quartz-vein style mineralisation that hosts the majority of higher-grade gold at Ishkōday, reinforcing the Company's structural model that these represent distinct mineralising events.  By contrast, the gold intercept in LBX26-105 is consistent with the orogenic, quartz-vein-hosted style, while the broader zinc-silver-copper interval in the same hole reflects the polymetallic system, indicating both mineralising systems are present, and separately identifiable, well beyond the A-Zone itself.

    Table 1: LBX26-103 (Garvey Zone IP Target, NE-Extension of the A-Zone)

Hole LBX26-103 was designed to test the recently defined Garvey Zone chargeability anomaly (Clearview Geophysics survey line T2; Abitibi Geophysics anomaly I-3 NE), coincident with the projected northeast-extension of the A-Zone mineralised horizon. The hole targeted the center of the chargeability anomaly while simultaneously testing a well-defined magnetic lineament, a geophysical signature the Company interprets as consistent with a sulphide-rich shear zone.

Hole ID

From (m)

To (m)

Core Length (m)

Au (g/t)

Ag (g/t)

Cu (%)

Zn (%)

LBX26-103

189.50

190.00

0.50

0.209

11.70

0.44

0.04

LBX26-103

195.20

198.95

3.75

0.164

14.41

0.44

0.15

LBX26-103

214.20

215.40

1.20

0.056

5.38

0.14

0.54

     Including

214.90

215.40

0.50

0.097

9.40

0.26

1.29

LBX26-103

221.10

223.40

2.30

0.111

4.60

0.13

2.70

     Including

222.10

223.40

1.30

0.137

7.22

0.19

3.16

LBX26-103

288.50

290.00

1.50

0.005

0.25

-

0.10

Note: Core lengths are drilled thicknesses; true widths have not yet been determined. Intervals are calculated using a nominal cut-off and may include internal dilution; “including” intervals are sub-intervals of higher grade contained within the reported interval.

Table 2: LBX26-104 (A-Zone Down-Plunge Test)

Hole LBX26-104 was designed to test the down-plunge extension of the A-Zone and was collared approximately 166m to the northwest of historical drill hole 90-47 and approximately 191m to the northwest of historical drill hole 90-39 .

Historical holes 90-47 and 90-39, drilled in 1990 to 262.7m and 209.1m respectively (Ontario Geological Survey Assessment File 42E13SE0098), returned no significant results for comparatively shallow depths.  LAURION believes the historic holes did not adequately test the down-plunge extension which is supported by these results from LBX26-104.

Hole ID

From (m)

To (m)

Core Length (m)

Au (g/t)

Ag (g/t)

Cu (%)

Zn (%)

LBX26-104

7.50

9.90

2.40

0.417

4.28

0.09

1.02

     Including

9.00

9.90

0.90

0.693

6.70

0.19

0.28

     Including

42.00

43.10

1.10

0.420

2.00

-

0.11

LBX26-104

77.00

78.00

1.00

0.226

0.25

-

0.03

LBX26-104

82.50

83.10

0.60

0.247

0.60

0.04

1.39

LBX26-104

144.50

145.10

0.60

0.092

2.60

0.03

1.35

LBX26-104

158.20

158.70

0.50

0.402

3.80

0.15

1.26

LBX26-104

202.15

203.20

1.05

0.688

1.03

0.01

0.27

LBX26-104

252.80

253.30

0.50

0.147

4.40

0.11

1.13

LBX26-104

264.70

275.85

11.15

0.393

6.06

0.18

1.80

     Including

267.75

273.10

5.35

0.662

8.88

0.23

3.28

     Including

269.65

271.60

1.95

1.314

13.43

0.41

6.34

LBX26-104

283.30

291.00

7.70

0.207

3.19

0.07

1.42

     Including

287.75

288.85

1.10

0.925

6.00

0.10

2.40

     Including

287.75

288.25

0.50

1.780

4.80

0.10

2.02

LBX26-104

313.00

313.50

0.50

6.460

19.00

0.89

2.32

Note: Core lengths are drilled thicknesses; true widths have not yet been determined. Intervals are calculated using a nominal cut-off and may include internal dilution; “including” intervals are sub-intervals of higher grade contained within the reported interval.

Table 3: LBX26-105 Assay Summary

Hole LBX26-105 was also designed to test the down plunge extension of the A-Zone mineralisation along strike to the southwest, approximately 75m from LBX26-104 collared southwest of historical Company holes LBX22-080 and LBX22-081.

Hole ID

From (m)

To (m)

Core Length (m)

Au (g/t)

Ag (g/t)

Cu (%)

Zn (%)

LBX26-105

10.00

10.50

0.50

0.584

2.10

0.01

0.08

LBX26-105

233.00

235.00

2.00

1.342

1.30

0.06

0.30

     Including

233.00

234.00

1.00

2.530

2.00

0.07

0.45

LBX26-105

247.20

247.70

0.50

0.111

13.10

0.72

3.26

LBX26-105

258.00

259.70

1.70

0.960

0.39

-

0.03

     Including

258.00

259.00

1.00

1.150

0.25

-

0.03

LBX26-105

298.10

313.00

14.90

0.125

4.89

0.18

0.67

     Including

302.00

307.50

5.50

0.267

8.63

0.29

1.06

     Including

302.00

306.00

4.00

0.347

9.80

0.35

1.01

     Including

307.00

307.50

0.50

0.150

15.60

0.33

3.49

LBX26-105

326.40

327.00

0.60

0.357

0.80

-

-

Note: Core lengths are drilled thicknesses; true widths have not yet been determined. Intervals are calculated using a nominal cut-off and may include internal dilution; “including” intervals are sub-intervals of higher grade contained within the reported interval. Results for LBX26-105 are preliminary and subject to final laboratory certification and QP review; the interval from 9.40m to 11.50m includes a higher-grade sub-interval from 10.00m to 10.50m (0.584 g/t Au), confirmed as a nested sub-interval within the 9.40m to 11.50m interval following QP review.

Name

Elevation

(m)

Azimuth

Dip

Easting

Northing

Actual Depth (m)

LBX26-103

322

145

-55

446542

5513504

429

LBX26-104

322

117

-50

446164

5512810

396

LBX26-105

322

130

-50

446120

5512753

381

Total

          1,206

  Turnaround Time for Assay Results

Due to continued high sample volumes across the assay laboratory industry, the Company is currently experiencing up to a 12-week turnaround time between sample submission and receipt of final assay results. LAURION continues to work closely with its laboratory partners to manage this timeline and will provide further updates on drilling and assay results as they become available.

  LAURION Unveils SRK’s Clear Roadmap to Maiden Resource at the A-Zone, Ishkōday Project

SRK Consulting has completed an independent technical gap analysis review, identifying five specific mapped zones where near-term drilling is expected to prepare LAURION’s A-Zone for its maiden MRE. The A-Zone hosts not one, but two, distinct styles of mineralisation – a zinc-copper-iron-rich polymetallic system layered with a gold-silver system – sitting on top of a drilling database of over 300 holes and nearly 57,000 metres already in hand.

Within the main A-Zone shoot, targeted drilling is focused on areas where additional data may support future evaluation of the continuity and extent of known mineralisation.  A second targeted zone requires the twinning of historic holes with new quality-controlled drilling to confirm and potentially extend decades-old partially sampled mineral intercepts. Two more zones are designed to establish the true shape and continuity of the deposit's mineralised shoots, while a fifth zone targets the down-plunge extension of the A-Zone. Collectively, these target areas provide a focused framework and drilling plan for advancing geological knowledge of the A-Zone and evaluating its potential to support a future MRE.

With drilling already underway and directly targeting these findings, LAURION is executing a clear path toward its maiden resource.

Quality Assurance / Quality Control

All drill core is transported and stored inside the core facility located at the Ishkōday Project in Greenstone, Ontario. LAURION employs an industry standard system of external standards, blanks and duplicates for all of its sampling, in addition to the QA/QC protocol employed by the laboratory. After logging, core samples were identified and then cut in half along core axis in the same building and then zip tied individually in plastic sample bags with a bar code. Approximately five or six of these individual bags were then stacked into a “rice” material bag for final shipment to the laboratory.

  All core samples were shipped to the ALS facility in Thunder Bay, Ontario, which were then prepared by ALS Global Geochemistry in Thunder Bay and analyzed by ALS Global Analytical Lab in North Vancouver, British Columbia. Samples are processed by 4-acid digestion and analyzed by fire assay on 50 g pulps and ICP-AES (Inductively Coupled Plasma – Atomic Emission Spectroscopy). Over limit analyses are reprocessed with gravimetric finish.

  A total of 5% blanks and 5% standard are inserted randomly within all samples. 5% of the best assay result pulps were sent for re-assays. All QA/QC were verified, and no contamination or bias have been observed. The remaining half of the core, as well as the unsampled core, is stored in temporary core racks at the core logging facility in Beardmore and moved to the core storage facility at the Ishkōday Project.

  Note: QA/QC review of standards and duplicates indicates analytical results are reliable. One zinc standard adjacent to a high-grade zinc interval returned elevated values consistent with expected analytical behaviour following high-grade samples.

Qualified Person

The technical contents of this press release have been reviewed and approved by Dr. Trevor Boyd, Ph.D., P.Geo., a consultant to LAURION and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). Dr. Boyd is independent of the Company within the meaning of NI 43-101.

About LAURION

LAURION Mineral Exploration Inc. is listed on the TSX Venture Exchange (LME), OTCQB (LMEFF), and Frankfurt Stock Exchange (5YD), and is a mid-stage Canadian mineral exploration company, focused on advancing the 100%-owned Ishkōday Gold and Polymetallic Project in Northern Ontario.

  The Ishkōday Project covers approximately 57 km² within the prolific Beardmore–Geraldton and Onaman–Tashota Greenstone Belts and hosts a single 6.0 km by 2.5 km mineralised corridor. Historical and modern exploration programs have completed over 98,000 metres of drilling, confirming a large and evolving gold-rich polymetallic mineral system.

  LAURION's strategy emphasizes disciplined, data-driven exploration, systematic technical advancement, integrated geological modelling, and responsible capital allocation. The Company is focused on strengthening geological confidence, expanding the scale of the mineral system, and positioning the project for a future MRE. LAURION continues to evaluate opportunities that may enhance project development flexibility, including potential non-dilutive initiatives such as the evaluation of historical surface stockpile processing. The Company's objective is to build technical clarity, scale, and long-term project value before monetization, ensuring that future development decisions or strategic opportunities are supported by strong geological foundations and reduced execution risk.

  Cynthia Le Sueur-Aquin, President and CEO of LAURION, is the Company's largest shareholder, holding 17,221,306 common shares, reflecting strong alignment between management and shareholders.

  For Further Information, Contact:

LAURION Mineral Exploration Inc.

Cynthia Le Sueur-Aquin – President and CEO

Tel: 1-705-788-9186  Fax: 1-705-805-9256

  Douglas Vass - Investor Relations Consultant

Email: [email protected]

  Website: http://www.LAURION.ca

Follow us on: X (@LAURION_LME), Instagram (laurionmineral) and LinkedIn

   Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Company's current expectations regarding future events including with respect to LAURION's business, operations and condition, management's objectives, strategies, beliefs and intentions, the Company's ability to advance the Ishkōday Project and achieve the Company's strategic and technical objectives (within the above-stated timeframes, if at all), including with respect to the Company's expectations regarding the MRE, the nature, focus, timing and potential results of the Company's exploration, drilling and prospecting activities, including the Company's exploration program and planned exploration and drilling activities referenced in this press release, and the statements regarding the Company's exploration or consideration of any possible strategic alternatives and transactional opportunities, as well as the potential outcome(s) of this process, the possible impact of any potential transactions referenced herein on the Company or any of its stakeholders, and the ability of the Company to identify and complete any potential acquisitions, mergers, financings or other transactions referenced herein, and the timing of any such transactions.

  The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the failure to obtain the consents, permits and/or approvals from applicable governmental bodies, regulators and First Nations communities, required in connection with the Company's strategic and technical objectives, the TSX Venture Exchange or any other applicable regulator not providing its approval for any strategic alternatives or transactional opportunities, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Company's publicly filed documents. Investors should consult the Company's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Company's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Company disclaims any obligation to update these forward-looking statements. All sample values disclosed in this press release are from grab samples, which by their nature, are not necessarily representative of overall grades of mineralised areas. Readers are cautioned to not place undue reliance on the assay values reported in this press release.

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

  

Highlights

High-grade polymetallic vein discovery: sample Y411477 returned 550 g/t Ag, 4.548% Cu and 141.43 ppm Mo over a 0.1 m x 7 m vein exposure, with highly anomalous bismuth, lead, antimony, arsenic, zinc and tellurium - a classic high-temperature porphyry-related epithermal signature.

High-grade gold in veins: 7.795 g/t Au with 27.7 g/t Ag and 0.780% Cu (Y409918), plus 2.353 g/t Au (Y411456) and 2.099 g/t Au (Y409989); a further vein returned 82.00 g/t Ag with 0.370 g/t Au and 67.15 ppm Mo (A-N° 000433) (see news releases dated March 13, 2024, and June 25, 2026).

Two new priority areas:

Esperanza East Domain: a 1 km x 1 km target located 3.7 km ESE of the main Cu-Au-Mo target and open to the east and southeast - interpreted as a potential intrusive centre or an extension of the mineralised system.

Northeast Vein Corridor: multiple polymetallic veins spaced 50-100 m apart identified 6.5 km northeast of the main target and coincident with a discrete geophysical anomaly, defining a previously untested structural corridor. The high-grade 550 g/t Ag vein was returned from the first vein sampled in this corridor.

Widespread high-grade copper at surface: 21 of 55 select samples collected to date have returned greater than 1% Cu, including 4.558%, 4.548%, 4.493% and 3.941% Cu, with 12 samples exceeding 2% Cu.

Classic porphyry zonation confirmed: precious-metal-rich veins ring the central copper-molybdenum zone - the concentric geometry characteristic of large-scale copper-gold porphyry systems.

Maiden 3,000-metre drill program in Q3 2026: permitting is advancing, with drilling expected to commence in Q3 2026.

Cranbrook, British Columbia--(Newsfile Corp. - July 28, 2026) - DLP Resources Inc. (TSXV: DLP) (OTCQB: DLPRF) (FSE: J8C) ("DLP" or the "Company") is pleased to announce results from an additional 94 surface rock chip samples at its 100%-owned Esperanza copper-gold-molybdenum Project ("Esperanza" or the "Project") in southern Peru - headlined by 550 g/t silver, 4.548% copper and 141.43 ppm molybdenum from a single polymetallic vein, the highest-grade silver result returned at Esperanza to date. The new sampling has also defined two new priority target areas, each several kilometres from, and independent of, the previously expanded 5.0 km x 2.5 km magnetic anomaly at the core of the Project (Figure 1, Figure 2).

Ian Gendall, President and CEO of DLP, commented: "A 550 gram-per-tonne silver vein with 4.5 percent copper, from the very first vein we sampled in a corridor 6.5 kilometres from our main target, tells you a lot about the scale of the system we are working with at Esperanza. We now have three separate priority areas - the 5 by 2.5-kilometre magnetic anomaly we are about to drill, a new domain to the east that is still open, and a new polymetallic vein corridor to the northeast - plus exotic copper pointing to a source we have not yet found. This is exactly the pattern we want to see in an emerging porphyry district, and the upcoming 3,000-metre drill program is just the start of what will be a very active period of target follow-up at Esperanza."

High-Grade Silver, Gold and Copper Results

To date a total of 503 rock chip samples have been collected systematically across Esperanza and analysed for gold, silver, copper, molybdenum and a full suite of indicator elements, with all analyses completed at an accredited independent laboratory. Select samples from the surface sampling to date are highlighted in (Table 1).

The headline result of 550 g/t Ag, 4.548% Cu and 141.43 ppm Mo is the highest silver value returned at Esperanza to date and materially elevates the Project's profile as a precious metals as well as a copper target. It is supported by a suite of further high-grade vein results, including 7.795 g/t Au, 27.7 g/t Ag and 0.780% Cu; 2.353 g/t Au; 2.099 g/t Au; and 82.00 g/t Ag with 0.370 g/t Au.

Copper mineralisation at surface is both high-grade and widespread: 21 of the 55 select samples reported in Table 1 returned greater than 1% Cu and 12 exceeded 2% Cu, with the highest values reaching 4.558% Cu, 4.548% Cu and 4.493% Cu. Molybdenum values of up to 151.97 ppm Mo further reinforce the porphyry signature.

Critically, the spatial arrangement of these results follows the classic architecture of a large copper-gold porphyry system: multiple silver-, gold- and copper-bearing veins are concentrated around the margins of the central copper-molybdenum zone, with precious metals on the outside and base metals toward the centre. This concentric zonation is one of the most reliable indicators that a fertile porphyry centre lies at the core of the system.

Two New Priority Target Areas Expand Esperanza to District Scale

The latest sampling has materially expanded the footprint of the Esperanza system. In addition to the previously expanded 5.0 km x 2.5 km magnetic anomaly that will be the focus of the maiden drill program, the Company has now defined two discrete new target areas:

1. Esperanza East Domain (3.7 km ESE). An approximately 1 km x 1 km domain of high magmatic fertility open to the east and southeast, meaning its true extent has yet to be established. Management interprets this domain, with elevated Sr/Y ratios, as either a second, concealed intrusive centre or a significant lateral extension of the known Esperanza system (Figure 3).

2. Northeast Vein Corridor (6.5 km NE). Multiple polymetallic veins spaced 50-100 metres apart have been mapped over a corridor coinciding with a discrete geophysical anomaly. The first vein sampled in this corridor returned the headline 550 g/t Ag, 4.548% Cu and 141.43 ppm Mo, together with highly anomalous Bi, Pb, Sb, As, Zn and Te - an element suite indicative of a high-temperature magmatic-hydrothermal source at depth. The density and spacing of the veins suggest a substantial structural corridor that has never been systematically explored.

Taken together with the exotic copper documented in agglomerates across the Project, which records copper transport and re-deposition from an as-yet-unidentified primary source, these results significantly expand Esperanza's exploration potential and support a district-scale interpretation of the 22,500-hectare land package.

Elevated Sr/Y Ratio

The Sr/Y ratio is a widely used industry benchmark for assessing whether a magmatic system was capable of generating a large porphyry deposit, with values above 35 generally considered copper fertile1. The magmatic system that built southern Peru's giant porphyry deposits, including Quellaveco, Cuajone and Toquepala, averages a Sr/Y ratio of 104.42. Esperanza's main target, averaging 89.12 is firmly within the range of southern Peru's established porphyry districts3.

Maiden Drill Program

DLP is advancing permitting for a maiden 3,000-metre diamond drill program at Esperanza, with drilling expected to commence in late Q3 2026. The program will test the interpreted copper-gold core along the flanks of the magnetic anomaly and at depth, directly informed by the coincident geochemical, geophysical and alteration anomalies. The two new priority areas announced today will be advanced in parallel through detailed mapping, additional geochemistry and geophysical interpretation, building a pipeline of drill targets for follow-up programs.

Table 1. Summary of select rock chip results for the Esperanza Project with latest samples highlighted in grey

Sample IDAu 
(g/t)Ag 
(g/t)Cu 
(%)Mo 
(ppm)LithologySample Area 
(m)Y4114770.045550.004.548141.43Vein0.1 x 7Y411475<0.0060.163.1642.03Agglomerate5 x 5Y411474<0.0050.161.4464.18Agglomerate5 x 5Y411476<0.0070.140.0121.02Agglomerate5 x 5A-N° 000340<0.0050.223.8472.12Agglomerate2 x2A-N° 000341<0.0050.182.8702.35Agglomerate2 x2A-N° 0003420.0050.183.2962.44Agglomerate2 x2A-N° 000343<0.0050.193.8211.85Agglomerate2 x2A-N° 0003440.0060.183.0681.82Agglomerate2 x2A-N° 0003460.0500.131.1111.8Agglomerate2 x2A-N° 0003500.0130.274.4932.11Agglomerate2 x2A-N° 0003510.0050.174.5582.32Agglomerate2 x2A-N° 0003530.0170.21.4611.67Agglomerate2 x2A-N° 0003810.0060.070.00121.62Diorite2 x2A-N° 0003830.0110.130.00137.96Diorite2 x2A-N° 0003850.0140.230.00134.58Diorite2 x2A-N° 0003860.0270.100.00339.04Diorite2 x2A-N° 0003890.0080.110.00139.91Diorite2 x2A-N° 000405<0.0050.191.9051.97Agglomerate2x2A-N° 0004060.0080.361.7786.48Agglomerate3 x5A-N° 0004080.0160.493.94116.94Agglomerate2 x2A-N° 0004100.0050.131.4413.33Agglomerate5 x5A-N° 0004160.0270.341.5847.5Agglomerate5 x 5A-N° 0004260.0080.090.00123.18Diorite2 x 2A-N° 0004300.0060.330.00125.79Breccia5 x 2A-N° 0004330.37082.000.03767.15Vein5 x 2Y4097180.0515.960.0058.52Vein0.1 x 2Y4097320.0946.410.00915.64Hydrothermal Bx40 x 40Y4097370.0436.170.0048.96Conglomerate25 x 25Y4097680.0691.560.00743.17Vein0.6 x 2Y4097940.0732.900.0074.32Vein0.07 x 3Y4098080.4603.090.04636.73Vein5 x 3Y4098100.1971.360.020151.97Andesite40 x 20Y4098110.3322.480.03314.81Vein0.1 x 2Y4098170.0060.110.00121.55Andesite30 x 30Y409818<0.0050.140.03042.5Andesite30 x 30Y4098470.0860.100.00942.57Dacite5 x 5Y4098760.0070.130.00129.98Andesite6 x 5Y4098770.0090.200.00163.75Andesite5 x 5Y4098950.7763.970.07816.86Vein0.20 x 2Y4099120.24318.50.02439.64Vein0.30 x 2Y4099170.0240.400.00219.55Vein0.2 x 2.5Y4099187.79527.70.7805.96Vein0.3 x 2Y4099300.0390.070.00425.37Andesite5 x 3Y4099510.0270.230.00347.51Veinlets5 x 3Y4099570.0112.970.0012.77Veinlets20 x 15Y4099892.0990.690.2102.82Veinlets10 x 20Y4100450.0742.220.0076.12Vein1 x 2.5Y4114520.0160.193.15623.35Agglomerate0.6 x 4Y4114530.0910.210.49842.56Agglomerate2 x 3Y4114562.3538.810.0158.3Vein0,1 x 2Y4114580.0080.201.1447.76Agglomerate5 x 5Y4114690.0160.090.01361.34Agglomerate2 x 4Y4114710.0110.101.1643.7Agglomerate20 x 20Y4114720.0070.212.3964.65Agglomerate5 x 5Quality Control and Quality Assurance

DLP Resources Peru S.A.C, a subsidiary of DLP Resources Inc., supervises sampling and carries out surface sampling and mapping of outcrop at the Esperanza project. Rock chip grid sampling was done within a maximum area of 40m x 40m and descriptions were carried out by a geologist. Samples are bagged and sealed on site before transportation to the SGS Peru S.A.C. sample preparation facility in Arequipa by Company vehicles and staff. Rocks are crushed Drying at 100°C, primary and secondary crushing to -10 mesh (up to 6K) Division and pulverizing of 250g (95% to 140 mesh) with 70% passing <2mm. Sample is split with riffle splitter and 250g pulverized to 85% less than 75um. Prepared samples are sent to Lima by SGS Peru S.A.C. for analysis. SGS Peru S.A.C. is an independent laboratory. Samples are analyzed for 50 elements using a four-acid digestion and atomic absorption spectroscopy finish. Overlimit samples for copper and silver were re-analysed by four-acid digestion and atomic absorption spectrometry finish. For gold determination, fire assay of a 30 g charge is followed by an atomic absorption spectroscopy (AAS) determination. In addition, sequential copper analyses are done and reports, soluble copper using sulphuric acid leach, soluble copper in cyanide leach, residual copper and total copper. SGS meets all requirements of International Standards with ISO/IEC 17025 accredited testing laboratories.

DLP Resources independently monitors quality control and quality assurance ("QA/QC") through a program that includes the insertion of certified reference materials.

Esperanza Project

Esperanza comprises 22,500 hectares of claims 100% owned by DLP in southern Peru, located approximately 35 km southwest of Freeport-McMoRan's Cerro Verde mine - one of the largest copper deposits in the world - and immediately south of the Chapi copper mine (Figure 1). The Project sits within one of the most productive copper belts on earth, with established infrastructure, power and skilled labour in the surrounding Arequipa and Moquegua regions.

Note: Mineral resources and reserves from nearby properties are not necessarily indicative of the mineralization on the Esperanza property. Sources: 1 2025 Annual Report (10K) - Freeport McMoRan; 2 ASX Announcement - September 24 2015 - Presentation - Los Calatos High Grade Development Option; 3 2025 Ore Reserve and Mineral Resources Report - Anglo American; 4 2025 Annual Report (10K) - Southern Copper; 5 2025 Annual Report (10K) - Southern Copper.

Figure 2: Esperanza Project - Reduced to pole magnetic map and anomalous gold (Au), silver (Ag), copper (Cu) and molybdenum (Mo) in rock samples.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6456/306811_ae950ab8d49f68f0_002full.jpg

Figure 3: Esperanza Project - Reduced to pole magnetic map with La/Yb and Sr/Y ratios shown

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6456/306811_ae950ab8d49f68f0_003full.jpg

Qualified Person

Mr. Gendall, CEO & President of the company is the qualified person as defined by National Instrument 43-101. Mr. Gendall has reviewed and approved the technical contents of this news release.

About DLP Resources Inc.

DLP Resources Inc. is a mineral exploration company focused on its Aurora porphyry copper-molybdenum-silver project and Esperanza porphyry copper-gold project in Southern Peru. In February 2025, DLP announced a 1.05 billion-tonne inferred maiden resource grading 0.44% CuEq (0.20% Cu, 0.05% Mo, 2.4 g/t Ag) prepared by AMC Consultants Pty Ltd. ("AMC"). At Esperanza, the Company is progressing towards a maiden drill program in 2026, following up on the high-grade trench - panel sampling results corresponding with a 5.0km x 2.5km magnetic anomaly. DLP is listed on the TSX-V (DLP), on the OTCQB (DLPRF), and on the FSE (J8C).

Please refer to our web site www.dlpresourcesinc.com for additional information.

FOR FURTHER INFORMATION PLEASE CONTACT:

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.

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to further sampling, mapping and advancement of the Esperanza Project in Peru.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things rock chip results expected from the Esperanza Project in Peru.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or 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 statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Additional information relating to the Company, including DLP Resources Inc. Annual Information Form, can be obtained under the Company's profile on SEDAR+ at www.sedarplus.ca, and on the Company's website at www.dlpresourcesinc.com

1 Loucks, R.R. (2014), Distinctive composition of copper-ore-forming arc magmas, Australian Journal of Earth Sciences 61(1), 5-16
2 Chen, N. et al. (2023), Arc magmatic evolution and porphyry copper deposit formation under compressional regime: A geochemical perspective from the Toquepala arc in Southern Peru, Earth-Science Reviews
3 The Sr/Y ratio is not a measure of mineralization, grade or tonnage, and a fertile signature does not guarantee the presence of an economic deposit. Geochemical characteristics and mineral resources of other properties are not necessarily indicative of the mineralization at Esperanza.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/306811

Source: DLP Resources Inc.

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Key Takeaways Target's digital comparable sales rose 8.9%, led by more than 27% growth in same-day delivery.Target gross merchandise volume jumped nearly 60%, while first-party digital sales advanced nearly 9%.More than 95% of Target's sales are fulfilled through stores, supporting digital demand and operations. Target Corporation’s (TGT - Free Report) digital business is becoming much more than an online sales channel. Instead, the company is steadily building a broader digital ecosystem in which shopping, memberships, advertising and marketplace offerings reinforce one another.

Digital comparable sales rose 8.9% in the first quarter of fiscal 2026, comfortably outpacing store comparable growth of 4.7%. The strongest contributor was same-day delivery, which rose more than 27%, supported by growing adoption of Target Circle 360. At the same time, non-merchandise revenues climbed nearly 25%, driven by Roundel advertising, Target Circle 360 membership revenues and the expanding Target+ marketplace.

Management’s commentary revealed that these businesses are becoming increasingly interconnected. First-party digital sales advanced nearly 9%, while Target+ gross merchandise volume jumped nearly 60%. Target also highlighted that higher-margin businesses such as Roundel and Target+ contributed to gross margin improvement, demonstrating that digital expansion is creating value beyond transaction growth.

Another noteworthy aspect is that Target continues to leverage its store network to strengthen digital capabilities rather than replace physical retail. More than 95% of sales are fulfilled through stores, allowing investments in remodels and supply-chain improvements to enhance both in-store shopping and digital fulfillment. Management is also simplifying fulfillment processes and investing in technology to support rising digital demand without compromising store operations.

These developments indicate that Target is building an integrated digital structure that helps it engage customers across multiple touchpoints.

How Target Compares With Walmart and BJ’s WholesaleWalmart Inc. (WMT - Free Report) is also strengthening its digital ecosystem by integrating e-commerce, marketplace, advertising and membership into a unified platform. Walmart reported 26% global e-commerce growth, with U.S. advertising up 36%, marketplace sales rising nearly 50% and Walmart+ delivering record first-quarter net additions. Management also highlighted faster store-fulfilled delivery and expanding AI capabilities, reinforcing how Walmart is creating multiple digital engagement and monetization channels beyond traditional retail sales.

BJ's Wholesale Club Holdings, Inc. (BJ - Free Report) is taking a membership-led approach to digital ecosystem expansion. BJ’s Wholesale delivered 28% digitally enabled comparable sales growth, supported by stronger adoption of curbside pickup, same-day delivery and ExpressPay. Management noted that most digital orders are fulfilled through clubs, while ongoing AI investments are improving operations and member convenience. By combining digital services with its membership model, BJ’s Wholesale is steadily deepening engagement across multiple shopping touchpoints.

What the Latest Metrics Say About TargetTarget has seen its shares jump 7.6% over the past three months against the industry’s decline of 1.4%. 
 

Image Source: Zacks Investment Research

From a valuation standpoint, Target's forward 12-month price-to-earnings ratio stands at 15.88, lower than the industry’s ratio of 30.58. However, TGT is trading above its 12-month median level of 14.05.
 

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Target’s current financial-year sales and earnings per share implies year-over-year growth of 3.9% and 10.3%, respectively. For the next fiscal year, the consensus estimate indicates a 2.9% rise in sales and 6.4% growth in earnings.

The consensus estimate for earnings per share for the current and next fiscal year has increased by 2 cents and 3 cents to $8.35 and $8.89, respectively, over the past 60 days.

Image Source: Zacks Investment Research

Target currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways TGT is expanding AI and analytics to improve merchandising, planning and retail execution across channels.TGT's digital comparable sales rose 8.9%, with same-day delivery up more than 27% in the first quarter.Target improved inventory visibility and guest satisfaction. Target Plus GMV grew nearly 60% in Q1. Target Corporation (TGT - Free Report) is advancing its digital transformation through investments in artificial intelligence (AI), advanced analytics and technology. The company is expanding the use of AI-enabled tools to support merchandising decisions, improve operational planning and enhance the shopping experience. Management views these investments as a key part of its refreshed strategy to strengthen retail execution across stores and digital channels.

AI-enabled tools are helping Target's merchandising teams make faster, more informed decisions. The company is leveraging advanced analytics to refine assortment planning, optimize merchandising execution and respond more effectively to changing consumer preferences. These capabilities are streamlining workflows and supporting the company's focus on delivering compelling assortments across its priority merchandise categories.

Technology investments are also strengthening Target's supply chain and store operations. The retailer is enhancing data connectivity across its distribution network to improve inventory visibility and product availability. During the fiscal first quarter of 2026, these efforts contributed to stronger in-stock performance despite higher-than-expected sales, while strengthening coordination across merchandising, distribution and store operations.

Target continues to expand its digital and omnichannel ecosystem, with stores serving as the foundation of its fulfillment network. In the fiscal first quarter, digitally originated comparable sales increased 8.9%, while same-day delivery grew more than 27%, driven by Target Circle 360. Digital represented 20.3% of merchandise sales, up from 19.8% a year ago and stores fulfilled 97.6% of total merchandise sales. Management also highlighted nearly 60% growth in first-quarter gross merchandise value ("GMV") at Target Plus, reflecting strong marketplace momentum and expanding revenue opportunities.

The company's technology investments are also enhancing the in-store experience. During the fiscal first quarter, several guest satisfaction metrics reached three-year highs, including wait times, product availability, store cleanliness and team interactions. As Target continues investing in AI-enabled tools, digital capabilities and operational improvements, it is building a more connected retail platform that supports efficient execution and a seamless omnichannel shopping experience.

Target’s Price Performance, Valuation & EstimatesTGT stock has gained 30.6% over the past six months compared with the industry’s 2% growth.

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Target’s forward 12-month price-to-earnings ratio of 16.09 reflects a lower valuation than the industry’s average of 30.81. TGT has a Value Score of A.

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The Zacks Consensus Estimate for TGT’s fiscal 2026 earnings implies year-over-year growth of 10.3%, while the same for fiscal 2027 indicates growth of 6.4%. Earnings estimates for fiscal 2026 and 2027 have increased by 5 cents each, respectively, over the past 60 days.

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Target currently carries a Zacks Rank #2 (Buy).

Other Key PicksSome other top-ranked stocks in the retail space are Dollar Tree Inc. (DLTR - Free Report) , Ross Stores Inc. (ROST - Free Report) and The TJX Companies, Inc. (TJX - Free Report) .

Dollar Tree is an operator of discount variety stores offering a broad assortment of everyday consumables and discretionary merchandise. The company currently carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

The Zacks Consensus Estimate for Dollar Tree’s current fiscal-year sales and earnings indicates growth of 6.5% and 21.7%, respectively, from the year-ago reported figures. DLTR delivered a trailing four-quarter earnings surprise of 32.1%, on average.

Ross Stores operates as an off-price retailer of apparel and home accessories. It presently carries a Zacks Rank #2.

The Zacks Consensus Estimate for Ross Stores’ current fiscal-year earnings and sales implies growth of 17.1% and 10.1%, respectively, from the year-ago actuals. ROST delivered a trailing four-quarter average earnings surprise of 10.2%.

TJX Companies is a leading off-price retailer of apparel and home fashions. It also has a Zacks Rank of 2 at present.

The Zacks Consensus Estimate for TJX Companies’ current fiscal-year earnings and sales implies growth of 9.3% and 5.9%, respectively, from the year-ago actuals. TJX delivered a trailing four-quarter average earnings surprise of 8.8%.

State-Funded Program with the Colorado Water Conservation Board Targets Snowpack and Rain Year-Round in the Yampa River Basin's Flat Tops Range

NAPLES, FL / ACCESS Newswire / July 21, 2026 / Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN), a leading provider of ionization rain and snowfall enhancement technology, today announced that the Colorado Water Conservation Board (CWCB), the Colorado River District, and the Upper Yampa Water Conservancy District have publicly supported RET's pending application for a paid weather enhancement pilot project, with installation targeted by October 2026. The project is designed to provide more year-round snow and water to Northwest Colorado's Yampa River Basin. The program is expected to be funded through a grant from CWCB, with the Upper Yampa Water Conservancy District serving as the fiscal agent.

The pilot is being coordinated with the Colorado River District and the CWCB and is designed to increase snowfall and rain in the Flat Tops Mountain range of the Rockies. This area feeds Stagecoach and Yamcolo Reservoirs, two of the Upper Yampa Water Conservancy District's primary water supply facilities.

"This is exactly the kind of program we set out to build: a complementary year-round solution that integrates seamlessly into existing water management strategies," said Randy Seidl, CEO of Rain Enhancement Technologies. "Western US water managers are under real pressure to have more water, and our ionization technology gives them a chemical-free way to do that."

"We think this is an excellent opportunity to bring a new tool to bear on rain and snow that feeds our storage," said Andy Rossi, General Manager of the Upper Yampa Water Conservancy District. "Targeting the Flat Tops area gets right at the water supply that fills Stagecoach and Yamcolo, and we're glad to help bring this pilot to Northwest Colorado."

RET's WETA platform uses a ground-based ionization process rather than traditional chemical-based cloud seeding, operates autonomously without aircraft or chemical dispersal, and functions year-round rather than being limited to sub-freezing conditions. In a comparable, independently monitored installation in Utah's La Sal Mountains this past winter, RET measured a 20% snow water equivalent (SWE) increase, equivalent to roughly 8,750 acre-feet. This was over the winter operating season only, with warm rain enhancement operations now underway to provide further increases. Applied to the Flat Tops coverage area, expected to span approximately 120 square miles, RET estimates the pilot could generate over 10,000 additional acre-feet of water in an average precipitation year.

RET offers flexible lease-to-own and purchase options for the WETA platform that is available to Upper Yampa upon completion of the pilot program.

About Rain Enhancement Technologies, Inc.

Rain Enhancement Technologies was founded to provide the world with reliable access to water, one of life's most important resources. To achieve this mission, RET develops, manufactures, and commercializes ionization precipitation generation technology that enhances rainfall and snowpack to address water scarcity challenges. The Company is also developing applications for fog mitigation to expand its weather modification capabilities. RET's chemical-free, solar-powered technology seeks to transform water resource management for businesses, society, and the planet. To learn more, go to www.investor.rainenhancement.com.

Forward-Looking Statements

The disclosure herein includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "project," "forecast," "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, but the absence of these words does not mean that a statement is not forward looking. These forward-looking statements include, but are not limited to, (1) statements regarding the execution of an agreement for the funding and award of the pilot, (2) statements regarding expected installation of the Company's technology; (3) references with respect to the anticipated benefits of the Company's WETA platform and technology; (4) references to the market opportunity for rain enhancement technologies and products; (5) the projected technological developments of RET; and (6) current and future potential commercial and customer relationships. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of RET'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 RET. These forward-looking statements are subject to a number of risks and uncertainties, as set forth in the section entitled "Risk Factors" in the Company's annual report on Form 10-K for the year ended December 31, 2024, filed with the SEC on April 16, 2025, as amended from time to time, and on Form 10-Q for the calendar quarter ended March 31, 2026, filed with the SEC on May 15, 2026, as amended from time to time. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. The risks and uncertainties above are not exhaustive, and there may be additional risks that Rain Enhancement Technologies, Inc. ("RETI") and RET do not presently know or that RETI and RET currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect RETI and RET's expectations, plans or forecasts of future events and views as of the date of this press release. RETI and RET anticipate that subsequent events and developments will cause RETI and RET's assessments to change. However, while RETI and RET Holdco may elect to update these forward-looking statements at some point in the future, RETI and RET specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing RETI and RET's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Media Contacts
Neal Stein
Technology PR Solutions
321-473-7407
[email protected]

Linda Maynard
Rain Enhancement Technologies
(617) 869-4832
[email protected]

SOURCE: Rain Enhancement Technologies

Vancouver, British Columbia--(Newsfile Corp. - July 16, 2026) - Dryden Gold Corp. (TSXV: DRY) (OTCQX: DRYGF) (FSE: X7W) ("Dryden Gold" or the "Company") is pleased to announce that it has received the exploration permit for its Mud Lake target. The permit allows Dryden Gold to drill test extension targets identified through its 2025 drill program and geological mapping. Surface samples collected on a high-grade shear zone similar to Elora, where a significant fold in the mineralized structure occurs, assayed 93.00 g/t gold (Figure 1). This target is north of the previously permitted area and indicates a repetition that demonstrates the potential to extend the known mineralized system providing the foundation for a much larger gold-bearing district (Figure 2). This type of structural periodicity is typical of many high-performing gold camps in Northwest Ontario, including Red Lake.

Trey Wasser, CEO of Dryden Gold stated, "Based on the data and strong geological similarities, our team believes that Mud Lake has the potential to emerge as a significant extension within the Gold Rock Camp. We are increasingly encouraged by the prospect that the Manitou Dinorwic deformation zone ("MDdz") could host multiple gold deposits along strike. Securing this drill permit is an important step toward testing the discovery potential at Mud Lake to prove periodicity, at the deposit scale. With our strong treasury providing a robust 2026 field program, our exploration teams will continue mapping and prospecting at several additional high-priority targets across the Gold Rock Camp."

Recent geological mapping at the Mud Lake target has identified a mineralized structural corridor that shares several key characteristics with Big Master and Elora at Gold Rock. The 2026 mapping program also identified an en-echelon structural trend, where high-grade gold mineralization was discovered, further strengthening the Company's geological interpretation of the target. The approved drill permit also includes the Wamsley target; another high-priority area identified during the 2025 mapping campaign (Figure 2).

At Gold Rock, exploration drilling continues to advance several high-priority targets, including a newly interpreted central mineralized corridor located between the Elora and Big Master systems. A second drill is now operating and is testing the depth extensions of the known high-grade gold zones while the other drill is expanding the structural footprint at Gold Rock. One rig will be deployed to drill Mud Lake in early August.

Figure 1. Detailed map of the Mud Lake target highlighting key 2025 results 

To view an enhanced version of this graphic, please visit:
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Figure 2. Geology map Gold Rock Camp (left side), detailed map of Gold Rock and
Mud Lake drill targets (right side)

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Qualified Person
The technical disclosure in this news release has been reviewed and approved by Maura Kolb, M.Sc., P. Geo., President of Dryden Gold and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

Analytical Laboratory and QA/QC Procedures
The Company is drilling NQ size core. Samples are cut in half, with half going to the lab for analysis and half kept as a record. True thickness/widths of the mineralization is unknown, result intervals are reported as the drilled core lengths unless otherwise stated. All sampling completed by Dryden Gold Corp. within its exploration programs is subject to a Company standard of internal quality control and quality assurance (QA/QC) programs which include the insertion of certified reference materials, blank materials, and a level of duplicate analysis. Drill samples from the 2024, 2025 and 2026 programs were sent to Activation Laboratories, with sample preparation and analysis in Dryden, where they were processed for gold analysis by 50-gram fire assay with an atomic absorption finish and over limits determined by Fire Assay with a gravimetric finish. Select samples were analyzed using metallic screens. Activation Laboratories systems conform to requirements of ISO/IEC Standard 17025 guidelines and meets assay requirements outlined for NI 43-101.

ABOUT DRYDEN GOLD CORP.
Dryden Gold is an exploration company focused on the discovery of high-grade gold mineralization listed on the TSX-V ("DRY") and traded on the OTCQX ("DRYGF") and FSE ("X7W"). The Company has a strong management team and Board of Directors comprised of experienced individuals with a track record of building shareholder value through property acquisition and consolidation, exploration success, and mergers and acquisitions. Dryden Gold controls 100% interest in mining claims in a dominant strategic land position in the Dryden District of Northwestern Ontario. The property hosts high-grade gold mineralization over 50km of potential strike length along the Manitou-Dinorwic deformation zone. The property has excellent infrastructure, enjoys collaborative relationships with First Nations communities and benefits from proximity to an experienced mining workforce. Dryden Gold is committed to building respectful, collaborative relationships with Indigenous Nations and communities throughout our area of operations. We recognize the importance of ongoing dialogue, mutual understanding, and meaningful engagement as we advance our exploration activities.

For more information go to our website www.drydengold.com.

Cautionary Note Regarding Forward-Looking Statements
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: receipt of corporate and regulatory approvals, issuance of common shares; future development plans; and the business and operations of Dryden Gold. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable which include the number of metres of drilling the company may complete in 2026 and the timing of certain exploration programs during the coming year. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings including receipt of TSX Venture Exchange approval for the offering; risks related to environmental regulation and liability; the potential for delays in exploration or development activities; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in Dryden Gold's and the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and Dryden Gold and the Company do not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from Dryden Gold's and the Company's expectations or projections.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305379

Source: Dryden Gold Corp.

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Target Corp (NYSE:TGT) is seeing encouraging signs that its merchandising overhaul is helping attract shoppers, prompting Jefferies to modestly raise its second-quarter forecasts ahead of the retailer's earnings.

Jefferies wrote that Target's expanded product assortment, category refreshes and exclusive partnerships are increasingly becoming meaningful traffic drivers. The firm raised its second-quarter comparable sales estimate to 1.6% from 1.5% and increased its earnings per share forecast to $2.18.

The analysts pointed to a broad merchandising reset that has included a 30% expansion of Target's wellness section, the introduction of 3,000 beauty products and 60 new brands, a refresh of 75% of home decorative accessories, new food and beverage offerings, and a back-to-school assortment that is more than 50% new.

"In our view, this represents one of the broadest assortment refreshes TGT has undertaken in years," Jefferies wrote.

The firm believes these initiatives, along with collaborations and exclusive partnerships, are helping increase store traffic. Target reported first-quarter traffic growth of 4.4%, which Jefferies described as an early indication that the refreshed assortment is resonating with shoppers.

Looking ahead, the analysts acknowledged that Target faces a tougher year-over-year comparison in the second quarter as it laps the Nintendo Switch 2 launch. However, they wrote that recent foot traffic trends, combined with continued product launches, category resets and collaborations, suggest the company's merchandising strategy remains effective.

Jefferies also highlighted data from location analytics firm Placer.ai, noting a strong historical correlation between Target's foot traffic and comparable sales. Based on those trends, the firm now expects second-quarter comparable sales growth of 1.6%, compared with its Placer-based estimate of 1.7% and Wall Street's consensus forecast of 1.9%.

The analysts added that they expect Target to continue emphasizing merchandising through the second half of the year, supported by additional collaborations, new back-to-school products and the rollout of its Beauty Studio initiative.

Jefferies continues to view Target as one of its top investment ideas for 2026 following a recent meeting with the company's management team, where executives discussed early traction from the retailer's strategic reset and merchandising-led initiatives.

Shares of Target traded up 3% at about $138 on Wednesday afternoon, having added almost 41% so far this year.

Highlights

Hole 26MN-090 returned, along the Zanzibar Trend:0.91 g/t gold over 20.63 metres ("m") from 74.38 m and 16.47 g/t gold over 2.35 m from 143.41 m within the Gold Hill Formation.Hole 26MN-099 returned, along the Zanzibar Trend:0.88 g/t gold over 18.59 m from 98.76 m at the Zanzibar-Gold Hill Formation stratigraphic contact, including 1.28 g/t gold over 9.45 m from 101.19 m.2.10 g/t gold over 16.15 m from 126.95 m within Gold Hill Formation fault breccia, including 2.91 g/t gold over 10.27 m from 128.32 m.Hole 26MN-101 returned, at Goldwedge:1.60 g/t gold over 33.53 m from 6.70 m within the Zanzibar Formation, including 7.11 g/t gold over 5.18 m from 33.83 m.Hole 26MN-104 returned, along the Zanzibar Trend:35.23 g/t gold over 1.01 m from 139.26 m within the Gold Hill Formation.Hole 26MN-110 returned, at Goldwedge:2.05 g/t gold over 97.99 m from 64.16 m within the Gold Hill Formation, including; 18.19 g/t gold over 3.17 m from 85.95 m, 11.41 g/t gold over 4.57 m from 127.1 m, and 8.98 g/t gold over 7.32 m from 144.01 m. Also, within the Gold Hill Formation, 1.75 g/t gold over 14.63 m from 180.44 m.Vancouver, British Columbia--(Newsfile Corp. - July 14, 2026) - Scorpio Gold Corp. (TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9) ("Scorpio Gold", or the "Company") is pleased to announce results from eighteen step-out holes of the Phase Two drill program at the Manhattan District Project ("Manhattan"), Nevada, USA: 26MN-087, 26MN-090, 26MN-093 through 26MN-095, 26MN-097 through 26MN-108, and 26MN-110, see Figure 1. The results are tabulated in Table 1 and discussed below. Scorpio Gold has drilled 102 drill holes to date from its Phase Two diamond drilling program, 25MN-011 through 25MN-045, 26MN-046 through 26MN-112, for a grand total of 28,939 m. With the results herein, Scorpio Gold has reported assays on 99 of these (25MN-011 through 25MN-045, 26MN-046 through 26MN-108, and 26MN-110, totalling 27,793 m, and assays are pending from 3 holes (26MN-109, 26MN-111 and 26MN-112), totalling 1,146 m. The pending results will be reported as they become available.

In addition to the Phase Two drill program, the Company is reviewing historic core that is available at Manhattan and analyzing any historic core and pulps for silver. This new silver data from historic materials is supplementary to silver data that has been collecting since 2024 on new core drilled by the Company. Silver, or a gold equivalent, has not been used or included in any results to date. Results from drill hole GWUG-11-11 are also included in Table 1 and discussed below. Any new significant results from historic core or pulps will be reported as they become available.

"Manhattan continues to deliver high-grade gold with remarkable consistency, and these results deepen our understanding of why. The 97.99 metre intercept grading 2.05 g/t gold in hole 26MN-110 demonstrates that Goldwedge hosts broad, continuous zones of mineralization punctuated by high-grade intervals. The combination of structural and stratigraphic intersection at Goldwedge is providing the kind of grade-and-thickness combination that drives meaningful resource growth at Manhattan.

Along the Zanzibar Trend, mineralization is also proving to be strongly controlled by stratigraphy and structure, with high-grade gold recurring at the Zanzibar-Gold Hill contact and within fault breccias hosting multiple generations of epithermal veining — hallmarks of a large, long-lived gold system. Importantly, these step-outs tested within and beyond the boundaries of our maiden resource, so every new intercept is either adding new mineralization or upgrading material outside the current block model. We have also begun analyzing multi-element ICP data received to date, which include silver values. Silver was historically produced alongside gold in the Manhattan District, and we see the potential for silver to be incorporated into future resource estimates — adding a byproduct dimension that our maiden resource did not capture. With 99 of 102 Phase Two holes now reported and the system open in multiple directions, Manhattan keeps reinforcing its district-scale potential," said Harrison Pokrandt, VP Exploration for Scorpio Gold.

Figure 1. Surface Plan Map of drill holes. Map Inset areas shown in Figures 2 and 3.

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Zanzibar Trend: Drill holes 26MN-087, 26MN-090, 26MN-093, 26MN-094, 26MN-097, 26MN-099, and 26MN-104 are all approximately 50 m step-outs along the Zanzibar Trend. Hole 90 had two substantial zones, 0.91g/t over 20.6m and 16.47 g/t over 2.35m. These add to the significant mineralization recently encountered along the Zanzibar Trend, including:

3.14 g/t gold over 49.62 m from 59.95 m (25MN-044)0.66 g/t gold over 57.64 m from 29.59 m (25MN-045)2.10 g/t gold over 22.25 m from 34.14 m (26MN-063)2.74 g/t gold over 16.49 m from 45.45 m (26MN-066)10.40 g/t gold over 5.67 m from 34.29 m (26MN-067)1.94 g/t gold over 17.07 m from 55.47 m (26MN-067)12.78 g/t gold over 5.91 m from 134.51 m (26MN-067)0.69 g/t gold over 23.23 m from 4.05 m (26MN-070)2.68 g/t gold over 11.34 m from 0.76 m (26MN-071)2.77 g/t gold over 12.68 m from 58.64 m (26MN-080)5.19 g/t gold over 6.55 m from 62.03 m (26MN-080)Goldwedge: Drill holes 26MN-095, 26MN-098, 26MN-100, 26MN-101, 26MN-103, 26MN-105, 26MN-106, 26MN-107, 26MN-108, and 26MN-110 are all approximately 50 m step-outs, both laterally and at depth, at Goldwedge. Recent drilling at Goldwedge, including the results within, has demonstrated consistently strong mineralization:

0.59 g/t gold over 49.23 m from 31.69 m (26MN-048)11.84 g/t gold over 8.39 m from 106.21 m (26MN-075)1.27 g/t gold over 45.23 m from 137.95 m (26MN-086)1.17 g/t gold over 21.58 m from 111.71 m (26MN-089)0.62 g/t gold over 16.28 m from 137.03 m (26MN-089)2.04 g/t gold over 11.83 m from 115.67 m (26MN-091)0.68 g/t gold over 25.02 m from 142.04 m (26MN-091)4.43 g/t gold over 5.18 m from 172.21 m (26MN-091)6.95 g/t gold over 11.98 m from 242.99 m (26MN-091)Black Mammoth: Drill hole 26MN-102 is a 50 m step-out to the east of drill hole 26MN-096. Black Mammoth is a ~200-250 m step-out from Goldwedge. Significant mineralization at Black Mammoth, including the results within, includes:

0.75 g/t gold over 24.69 m from 230.12 m (26MN-053)1.02 g/t gold over 40.23 m from 195.69 m (26MN-057)0.99 g/t gold over 41.45 m from 195.68 m (26MN-057)0.78 g/t gold over 12.92 m from 293.71 m (26MN-057)0.62 g/t gold over 62.21 m from 230.43 m (26MN-069)6.04 g/t gold over 4.86 m from 308.23 m (26MN-072)0.91 g/t gold over 15.79 m from 368.65 m (26MN-072)0.58 g/t gold over 18.04 m from 311.05 m (26MN-078)0.57 g/t gold over 17.98 m from 157.28 m (26MN-092)0.83 g/t gold over 18.01 m from 277.68 m (26MN-092)8.10 g/t gold over 1.52 m from 450.35 m (26MN-092)2.56 g/t gold over 13.38 m from 293.28 m (26MN-096)Further to the 2026 drilling results, historic drill hole GWUG-11-11, was relogged and sampled and returned 8.59 g/t gold over 6.1 m from 9.75 m. This new result addresses gaps found in the Manhattan database compilation. This drill hole was drilled underground at Goldwedge in 2011.

All 2026 drill holes tested within and beyond the Inferred Resource Constraining Pit ("IRCP"), targeting new mineralization outside of the 2025 MRE block model, see Figures 5 and 7. For further details see "Mineral Resource Estimate and NI 43-101 Technical Report, Manhattan Property, Nye County, Nevada" with an effective date of June 4, 2025, on Scorpio Gold's website at https://wp-scorpiogold-2025.s3.ca-central-1.amazonaws.com/media/2025/10/SGN_Manhattan_Mineral_Resource_Estimate_-_Amended_43-101.pdf.

Figure 2. Inset Surface Plan Map of Zanzibar Trend Target Area, with drill hole traces projected to surface and result highlights noted.

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Figure 3. Inset Surface Plan Map of Goldwedge Target Area, with drill hole traces projected to surface and result highlights noted.

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Drill Hole IDTarget Azimuth / DipFrom (m)To (m)Intercept¹ (m)Gold (g/t)26MN-087Zanzibar Trend30.6341.4510.820.40354 m037° / -45°222.78225.162.381.19

321.48329.377.890.5626MN-090Zanzibar Trend74.3895.0120.630.91330 m026° / -45°143.41145.762.3516.47

156.18168.6812.500.29

288.13297.279.140.8126MN-093Zanzibar Trend67.9785.0717.100.41138 m000° / -60°107.29123.6016.310.3426MN-094
144 mZanzibar Trend
035° / -45°29.6535.175.520.1926MN-095Goldwedge6.4037.6431.240.29107 m004° / -45°40.8552.4311.580.20

64.0673.309.240.3026MN-097
168 mZanzibar Trend
045° / -62°106.16118.1411.980.3626MN-098Goldwedge4.429.755.330.28108 m041° / -80°13.4733.2219.750.19

104.51108.203.690.4726MN-099Zanzibar Trend63.5275.1311.610.77323 m252° / -45°89.3195.716.400.40

98.76117.3518.590.88
including101.19110.649.451.28

126.95143.1016.152.10
including128.32138.5910.272.91

228.78242.8614.080.1826MN-100
65 mGoldwedge
060° / -45°3.6635.0831.420.2126MN-101Goldwedge6.7040.2333.531.60116 m050° / -45°

including33.8339.015.187.11

46.9454.327.381.82
including51.6754.322.653.89

61.2770.299.020.65
including63.2264.010.793.76

85.0489.894.851.72
including85.0488.613.572.2326MN-102
512 mBlack Mammoth
205° / -45°398.83402.583.750.4426MN-103Goldwedge19.8228.358.530.4181 m043° / -73°33.1444.8111.670.2226MN-104Zanzibar Trend99.97102.292.322.04385 m150° / -45°110.95115.464.511.75

139.26140.271.0135.23

294.59295.901.311.3526MN-105Goldwedge12.6539.3226.670.2368 m080° / -45°

including25.7639.3213.560.3126MN-106
68 mGoldwedge
130° / -45°13.4117.373.960.2326MN-107Goldwedge49.3870.4121.030.31429 m031° / -49°77.5781.844.270.32

146.61162.9216.310.4426MN-108Goldwedge22.5543.8921.340.1582 m145° / -80°54.5360.055.520.34

65.0778.3013.230.5226MN-110Goldwedge12.8024.9912.190.20330 m020° / -52°64.16162.1597.992.05
including85.9589.123.1718.19
including127.10131.674.5711.41
including144.01151.337.328.98

180.44195.0714.631.75including192.63195.072.446.80GWUG-11-11Goldwedge9.7515.856.108.5983 m229° / -56°

including12.8114.331.5233.13¹ Intervals contain no more than 3 continuous metres grading less than 0.1 g/t gold.

Table 1. Results from the current batch of drill holes. Note: There is insufficient geological information to estimate a true width for the drill intercepts reported.

Zanzibar Trend Results:
26MN-087: This drill hole contains three significant intervals hosted within Cambrian Gold Hill Formation brecciated fine grained clastic meta-sediments. The first interval of 0.40 g/t gold over 10.82 m from 30.63 m is oxidized and brecciated. The second interval of 1.19 g/t gold over 2.38 m from 222.78 m is comprised of a re-lithified breccia. The last interval of 0.56 g/t gold over 7.89 m from 321.48 m is a breccia with obvious evidence of faulting. The later interval ends in Oligocene Round Rock Formation ("Manhattan Caldera") ash and lapilli tuff volcanic units, from 328.54 m to 329.37 m. The different breccias suggest multiple mineralization events.

26MN-090: This drill hole contains four significant intervals hosted within Cambrian Gold Hill Formation fine grained carbonate and clastic meta-sediments, including breccia and marble. The first interval of 0.91 g/t gold over 20.63 m from 74.38 m sits directly below a large, oxidized fault (~73 m) and is largely oxidized and broken muds and limestones. The second interval of 16.47 g/t gold over 2.35 m from 143.41 m contains a near-parallel to core axis quartz-calcite vein and is constrained to a limestone bed with strong alteration above the interval. The third and fourth intervals of 0.29 g/t gold over 12.5 m from 156.18 m and 0.81 g/t gold over 9.14 m from 288.13 m are within brecciated meta-mud and siltstones. See cross-section A to A' (Figure 5).

26MN-093: This drill hole contains two significant intervals hosted within Ordovician Zanzibar Formation limestones and carbonaceous muds. The first interval of 0.41 g/t gold over 17.1 m from 67.97 m is within re-lithified brecciated muddy limestone. The last interval of 0.34 g/t gold over 16.31 m from 107.29 m is within broken, vein filled, brecciated and oxidized limestone. This interval sits directly above sheared carbonaceous mudstone (starting at 123.60 m), which sits above Manhattan Caldera volcanics (at 131.98 m). The different breccias suggest multiple mineralization events.

26MN-094: This drill hole contains one significant interval within the Ordovician Zanzibar Formation. The interval of 0.19 g/t gold over 5.52 m from 29.65 m is within bedded, vein filled limestone. This interval sits directly above a massive sheared carbonaceous mudstone (starting at 35.17 m).

26MN-097: This drill hole contains one significant interval that extends through the stratigraphic contact between the Ordovician Zanzibar and Cambrian Gold Hill Formations. The interval of 0.36 g/t gold over 11.98 m from 106.16 m is within Zanzibar Formation limestone and continues into Gold Hill Formation meta-mudstones at 112.68 m. The start of this interval is strongly oxidized and veined.

26MN-099: This drill hole contains two intervals within the Ordovician Zanzibar Formation. The first sits directly below the Manhattan Caldera volcanics contact, 0.77 g/t gold over 11.61 m from 63.52, within limestone and carbonaceous mudstones. The second Zanzibar Formation interval of 0.40 g/t gold over 6.4 m from 89.31 m is hosted withing strongly epithermal veined, bedded, limestone. One significant interval extends through the stratigraphic contact (at 103.33 m) between the Ordovician Zanzibar and Cambrian Gold Hill Formations, of 0.88 g/t gold over 18.59 m from 98.76 m, including 1.28 g/t gold over 9.45 m from 101.19 m. Two significant intervals are hosted entirely within the Cambrian Gold Hill Formation. The first interval of 2.10 g/t gold over 16.15 m from 126.95 m, including 2.91 g/t gold over 10.27 m from 128.32 m (see Figure 4), is hosted within a re-lithified breccia of fine-grained clastic meta-sediments, and sits directly above a marble bed. The last interval of 0.18 g/t gold over 14.08 m from 228.78 m sits directly above the Brougher Fault, and a marble bed, within fine grained clastic meta-sediments. See cross-section A to A' (Figure 5).

26MN-104: This drill hole contains four intervals within Cambrian Gold Hill Formation fine grained clastic meta-sediments. The first interval of 2.04 g/t gold over 2.32 m from 99.97 m sits directly above a marble bed with a gouge fault contact. The final three intervals of 1.75 g/t gold over 4.51 m from 110.95 m, 35.23 g/t gold over 1.01 m from 139.26 m, and 1.35 g/t gold over 1.31 m from 294.59 m contain strong epithermal vein textures throughout.

Figure 4. Drill hole 26MN-099, interval 131.67 m to 136.55 m, displaying Cambrian Gold Hill Formation re-lithified brecciated meta-silt and mudstones with quartz-calcite epithermal veins.

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Figure 5. Cross-section A-A', showing gold grades with reported intervals highlighted.

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Goldwedge Results:
26MN-095: This drill hole contains three intervals within the Ordovician Zanzibar Formation. The first and second intervals of 0.29 g/t gold over 31.24 m from 6.40 m and 0.20 g/t gold over 11.58 m from 40.85 m, are within faulted and brecciated oxidized limestone and the bottom of each interval is a carbonaceous mudstone. The last interval of 0.30 g/t gold over 9.24 m from 64.06 m is similar to the first two intervals, but sits directly above Manhattan Caldera volcanics ("Volcanics") at 73.30 m.

26MN-098: This drill hole contains two intervals within the Ordovician Zanzibar Formation. Both intervals of 0.28 g/t gold over 5.33 m from 4.42 m and 0.19 g/t gold over 19.75 m from 13.47 m, are within faulted and brecciated oxidized limestone. One interval is within the Volcanics. The interval of 0.47 g/t gold over 3.69 m from 104.51 m is brecciated with veins throughout.

26MN-100: This drill hole contains one interval within the Ordovician Zanzibar Formation. The interval of 0.21 g/t gold over 31.42 m from 3.66 m is within faulted and brecciated oxidized limestone with veins throughout, and is directly above the Volcanics at 35.08 m.

26MN-101: This drill hole contains four intervals within the Ordovician Zanzibar Formation. The intervals are hosted within brecciated and faulted limestones and carbonaceous mudstones. The intervals are 1.60 g/t gold over 33.53 m from 6.70 m, including 7.11 g/t gold over 5.18 m from 33.83 m; 1.82 g/t gold over 7.38 m from 46.94 m, including 3.89 g/t gold over 2.65 m from 51.67 m; 0.65 g/t gold over 9.02 m from 61.27 m, including 3.76 g/t gold over 0.79 m from 63.22 m; and 1.72 g/t gold over 4.85 m from 85.04 m, including 2.23 g/t gold over 3.57 m from 85.04 m.

26MN-103: This drill hole contains two intervals within the Ordovician Zanzibar Formation. The intervals are hosted within brecciated and faulted limestones and carbonaceous mudstones. The intervals are 0.41 g/t gold over 8.53 m from 19.82 m and 0.22 g/t gold over 11.67 m from 33.14 m. The later interval is above the Volcanics contact at 54.07 m.

26MN-105: This drill hole contains one interval within the Ordovician Zanzibar Formation, directly above the Volcanics contact at 26.67 m. The interval of 0.23 g/t gold over 26.67 m from 12.65 m, including 0.31 g/t gold over 13.56 m from 25.76 m, is hosted within brecciated and faulted limestone and carbonaceous mudstone.

26MN-106: This drill hole contains one interval within the Ordovician Zanzibar Formation, directly above the Volcanics contact at 17.37 m. The interval of 0.23 g/t gold over 3.96 m from 13.41 m is hosted within brecciated and faulted limestone and carbonaceous mudstone.

26MN-107: This drill hole contains three intervals within the Cambrian Gold Hill Formation. The intervals are hosted within fine grained clastic meta-sediments and marble units. The intervals are 0.31 g/t gold over 21.03 m from 49.38 m, 0.32 g/t gold over 4.27 m from 77.57 m, and 0.44 g/t gold over 16.31 m from 146.61 m. All three intervals are controlled by faults and/or lithologic boundaries above or below the interval.

26MN-108: This drill hole contains three intervals within the Ordovician Zanzibar Formation. The intervals are hosted within brecciated and faulted limestone and carbonaceous mudstone units. The intervals are 0.15 g/t gold over 21.34 m from 22.55 m, 0.34 g/t gold over 5.52 m from 54.53 m, and 0.52 g/t gold over 13.23 m from 65.07 m. The later interval sits directly above the Volcanics at 78.30 m.

26MN-110: This drill hole contains three intervals within the Cambrian Gold Hill Formation. The intervals are hosted within fine grained clastic meta-sediments, marble units, and broken and re-lithified fault breccias. The intervals are 0.20 g/t gold over 12.19 m from 12.80 m; the headline interval of 2.05 g/t gold over 97.99 m from 64.16 m, including 18.19 g/t gold over 3.17 m from 85.95 m, 11.41 g/t gold over 4.57 m from 127.10 m, and 8.98 g/t gold over 7.32 m from 144.01 m (see Figure 6); and 1.75 g/t gold over 14.63 m from 180.44 m, including 6.80 g/t gold over 2.44 m from 192.63 m. The later interval sits directly above the Volcanics at 195.07 m.

GWUG-11-11: Apart of our relogging and sampling efforts of historic core, this drill hole contains one significant interval within the Ordovician Zanzibar Formation that was not previously available to the Manhattan database. The interval of 8.59 g/t gold over 6.1 m from 9.75 m, including 33.13 g/t gold over 1.52 m from 12.81 m, is hosted within faulted and brecciated limestones with strong epithermal vein textures.

Figure 6. Drill hole 26MN-110, interval 147.07 m to 154.54 m, displaying oxidized Cambrian Gold Hill Formation brecciated marbles with quartz-calcite epithermal veins.

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Figure 7. Cross-section B-B', showing gold grades with reported intervals highlighted.

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Black Mammoth Results:
26MN-102: This drill hole contains one interval within the Cambrian Gold Hill Formation. The interval of 0.44 g/t gold over 3.75 m from 398.83 m is hosted within fine grained clastic meta-sediments.

QA/QC

HQ sized diamond drill core samples were cut in halves, then bagged and secured with security tags to ensure integrity during transportation to the Reno, NV, Paragon Geochemical facility or the Elko, NV, MSALABS facility for preparation. For quality assurance ("QA"), unmarked coarse blanks, unmarked certified reference materials, and requested laboratory duplicates were inserted into the sampling sequence. QA samples were systematically inserted into each batch of samples, amounting to approximately 10% of the run of samples. Samples were analyzed for gold using a two-cycle PhotonAssayTM analysis method (~500 g) of crushed material (70% passing 2 mm). All Paragon Geochemical and MSALABS facilities comply with ISO 17025:2017.

About the Manhattan District

Manhattan, located in the Walker Lane Trend of Nevada, USA, is road accessible and lies approximately 20 kilometers south of the operating Round Mountain Gold Mine (https://www.kinross.com/operations/default.aspx#americas-roundmountain), which has produced more than 15 million ounces of gold. For the first time, the Company has consolidated Manhattan's past-producing mines under a single entity that holds valuable permitting and water rights. Historically, Manhattan has produced approximately 700,000 ounces of gold from high-grade placer and lode operations dating from the late 1890s through to the mid-2000s.¹ The maiden mineral resource estimate (the "Maiden MRE") covering the Goldwedge and Manhattan Pit areas of Manhattan is comprised of 18,343,000 tonnes grading 1.26 g/t gold for a total of 740,000 oz contained gold in the inferred category.²

A historical mineral resource estimate (the "Historical MRE") covers the Black Mammoth, April Fool, Hooligan, Keystone, and Jumbo areas of Manhattan and comprises 1,652,325 tonnes grading 5.89 g/t gold for a total of 303,949 oz contained gold.³ The deposit is interpreted as a low-sulfidation, epithermal, gold-rich system situated adjacent to the Tertiary-aged Manhattan caldera in the Southern Toquima Range of Nevada. A "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") has not done sufficient work to make the Historical MRE current, and the Company is not treating the Historical MRE as current.

Notes

Adjacent Properties: The Company has no interest in, or rights to, any of the adjacent properties mentioned, including the Round Mountain Gold Mine, and exploration results on adjacent properties are not necessarily indicative of mineralization on the Company's properties. Any references to exploration results on adjacent properties are provided for information only and do not imply any certainty of achieving similar results on the Company's properties.

Historical Data: This news release includes historical information that has been reviewed by the Company's qualified person. The Company's review of the historical records and information reasonably substantiate the validity of the information presented in this presentation. The Company encourages readers to exercise appropriate caution when evaluating these data and/or results.

Third-Party Mineral Projects: These deposits are cited solely for geological context. The Company cautions that these properties are not necessarily adjacent to, nor does the Company or have any interest in or control over them. Although certain geological features may be similar, there is no assurance that mineralization comparable to these deposits will be discovered on any of the Company's properties. Information regarding the aforementioned deposits is taken from publicly available sources and technical reports believed to be reliable but has not been independently verified by the Company. The Company encourages readers to exercise appropriate caution when evaluating these data and/or results.

Mineral Resource Estimate (MRE): All scientific and technical information relating to Manhattan pertaining to Maiden MRE contained in this news release is derived from the Technical Report dated April 23, 2026 (with an effective date of June 4, 2025) titled "Mineral Resource Estimate and NI 43-101 Technical Report" (the "Technical Report") prepared by Matthew R. Dumala, P.Eng (BC) of Archer Cathro Geological (US) Ltd., Patrick Loury, M.Sc., CPG (AIPG) of Daniel Kunz & Associates, Annaliese Miller, LG (WA) of Geosyntec Consultants, Inc. and Art Ibrado, PhD, PE (AZ) of Fort Lowell Consulting PPLC. The information contained herein in respect of the Maiden MRE is subject to all of the assumptions, qualifications and procedures set out in the Technical Report and reference should be made to the full text of the Technical Report, a copy of which has been filed with the applicable securities regulators and is available under the Company's profile on www.sedarplus.ca.

Historical MRE: A Qualified Person has not done sufficient work to make the Historical MRE current, and the Company is not treating the Historical MRE as current.The Company considers the Historical MRE relevant as it demonstrates the presence of significant gold mineralization across multiple zones within Manhattan; however, its reliability is uncertain because it was prepared prior to the adoption of the current CIM Definition Standards and current QA/QC practices. The Historical MRE provides limited disclosure of assumptions, parameters, estimation methods, cutoff grades, and QA/QC protocols, and therefore these cannot be fully verified by the Company. The categories used in the historical estimate predate, and are not directly comparable to, current CIM Definition Standards, and the Company is not treating the Historical MRE as a current Mineral Resource Estimate. To upgrade and verify the Historical MRE in order to make it a current Mineral Resource Estimate, the Company would be required to undertake confirmatory drilling, modern QA/QC sampling, validation and digitization of historical datasets and updated geological modeling followed by the preparation of a new Mineral Resource Estimate in accordance with CIM Definition Standards and NI 43-101. The Company encourages readers to exercise appropriate caution when evaluating the Historical MRE.

All scientific and technical information relating to Manhattan pertaining to the Historical MRE contained in this news release is derived from the Technical Report dated May 1997 titled "Exploration and Pre-Production Mine Development, Manhattan District Project, Nye County" (the "Historical Technical Report") prepared by New Concept Mining, Inc. The information contained herein in respect of the Historical MRE is subject to all the assumptions, qualifications and procedures set out in the Historical Technical Report and reference should be made to the full text of the Historical Technical Report.

References: (1) Strachan, D. G., and Master, T. D., 2005: Update and Revision of the Gold Wedge Project Development, Nye County. Report prepared for Nevada; Royal Standard Minerals, Inc. and dated March 31, 2005; (2) Dumala, M. R., and Lowry, P., 2025: Mineral Resource Estimate and NI 43-101 Technical Report, Manhattan Property, Nye County, Nevada. Report prepared for Scorpio Gold Corporation and dated October 23, 2025 (with an effective date of June 4, 2025); and (3) Berry, A., and Willard, P., 1997: "Exploration and Pre-Production Mine Development, Manhattan District Project, Nye County". Report prepared for New Concept Mining, Inc. and dated May 1997.

Qualified Person

The scientific and technical information in this news release has been reviewed, verified and approved by Thomas Poitras, P. Geo., Chief Geologist of Scorpio Gold, a "Qualified Person", as defined under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Verification included review of laboratory certificates, review of field logs and chain-of-custody records, inspection of blank/standard/duplicate performance, and review of collar and down-hole survey data. No limitations or failures to verify were identified.

About Scorpio Gold Corp.

Scorpio Gold holds a 100% interest in the Manhattan District located in the Walker Lane Trend of Nevada, USA. Scorpio Gold's Manhattan District is ~4,780-hectares and comprises the advanced exploration-stage Goldwedge Mine, with a 400 ton per day maximum capacity gravity mill, and four past-producing pits that were acquired from Kinross in 2021 (see news release dated March 25, 2021 https://scorpiogold.com/news/scorpio-gold-closes-purchase-of-kinross-manhattan-property-nye-county-nevada/). The consolidated Manhattan District presents an exciting late-stage exploration opportunity, with over 140,000 metres of historical drilling, significant resource potential, and valuable permitting and water rights.

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

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(TSXV: SGN) (OTCQB: SRCRF) (FSE: RY9)

Forward-Looking Statements

This news release contains statements that constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management as of the date of this news release.

Forward-looking statements in this news release include, among others, statements relating to: the timing, scope and interpretation of assay results; potential for resource growth and discovery; the potential continuity, extent, grade and characteristics of mineralization along the Reliance Trend, Black Mammoth, Gap Zone, Zanzibar Trend and Mustang Hill; the intended follow-up exploration activities and timing thereof; the Company's exploration plans and objectives; expected future drilling programmes; anticipated timing of future disclosures and announcements; and other statements that are not historical facts. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including: that the Company will be able to obtain sufficient financing to complete planned exploration activities; that the Company will be able to obtain necessary permits and regulatory approvals in a timely manner; that exploration results will be consistent with management's expectations; that general business and economic conditions will not change in a materially adverse manner; that equipment and qualified personnel will be available when required; and that the Company's interpretations of geological data are accurate. 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 and risks include, among others: the Company may require additional financing from time to time in order to continue its operations, which may not be available when needed or on acceptable terms and conditions; the inherent risks involved in the exploration and development of mineral properties, including uncertainties related to the interpretation of drill results and other geological data; fluctuations in commodity prices; compliance with extensive government regulation and changes in domestic and foreign laws and regulations that could adversely affect the Company's business and results of operations; uncertainties related to obtaining necessary permits and regulatory approvals; risks related to the Company's ability to retain key personnel; environmental risks and hazards; title matters and surface rights issues; competition in the mining industry; the stock markets have experienced volatility that often has been unrelated to the performance of companies and these fluctuations may adversely affect the price of the Company's securities, regardless of its operating performance; and other risks and uncertainties disclosed in the Company's public filings.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305095

Source: Scorpio Gold Corp

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Key Takeaways Target's Roundel retail media business helped support profitability in the first quarter.Advertising revenues rose to $246 million from $163 million, driven by advertiser demand.Target's gross margin improved 80 basis points to 29%, aided by advertising revenue growth. Target Corporation’s (TGT - Free Report) first-quarter fiscal 2026 performance highlighted an increasingly important contributor that extends beyond merchandise sales. The company's Roundel retail media business continued to gain momentum, reinforcing the value of its growing portfolio of higher-margin revenue streams. While comparable sales, digital growth and traffic drew most of the attention, Roundel quietly played a meaningful role in supporting profitability during the quarter.

Non-merchandise revenues increased nearly 25% in the first quarter, driven by strong growth in Roundel advertising revenues, Target Circle 360 membership revenues and the Target+ marketplace. Advertising revenues alone climbed to $246 million from $163 million in the prior-year period, reflecting continued advertiser demand for Target's retail media platform. The company also noted that Roundel advertising services are recognized either as net sales or as offsets to operating costs, depending on the advertising arrangement, allowing the business to support earnings in multiple ways.

The profitability impact was evident in the quarter's margin performance. Target reported an 80-basis-point improvement in gross margin to 29%, citing growth in advertising and other non-merchandise revenues alongside supply-chain productivity and lower markdowns.

During the first-quarter earnings call, management also identified Roundel as one of the company's high-margin revenue streams that contributed to the stronger gross margin performance, underscoring that retail media is becoming more than an ancillary business. As advertisers increasingly seek direct access to Target's shoppers, Roundel appears to be evolving into an important earnings lever that complements the retailer's core merchandising operations rather than depending solely on additional product sales.

Walmart and Kroger Are Scaling Retail Media Like TargetWalmart Inc. (WMT - Free Report) continues to strengthen its retail media platform as a high-margin growth driver. Walmart highlighted that Walmart Connect delivered another quarter of strong advertising growth, supported by expanding advertiser demand, richer first-party customer data and deeper omnichannel capabilities. Walmart also continues to integrate advertising with its marketplace and e-commerce ecosystem, reinforcing the role of retail media in driving profitability beyond traditional merchandise sales. These initiatives indicate that Walmart is increasingly leveraging its digital ecosystem to generate faster-growing, higher-margin revenue streams alongside its core retail business.

The Kroger Co. (KR - Free Report) is pursuing a similar strategy through Kroger Precision Marketing. In the first quarter of fiscal 2026, Kroger reported that Kroger Precision Marketing profit increased more than 20%, driven by stronger on-site customer traffic and higher advertiser commitments. Kroger also said its e-commerce business, including media, reached profitability for the first time, underscoring the growing contribution of advertising to earnings. Kroger plans to expand AI-powered advertising capabilities and deepen partnerships with platforms such as Google and TikTok, positioning itself to further scale its high-margin retail media business.

What the Latest Metrics Say About TargetTarget has seen its shares rally 20.9% over the past six months compared with the industry’s rise of 2.1%. 
 

Image Source: Zacks Investment Research

From a valuation standpoint, Target's forward 12-month price-to-earnings ratio stands at 14.86, lower than the industry’s ratio of 30.28. However, TGT is trading above its 12-month median level of 13.52.
 

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Target’s current financial-year sales and earnings per share implies year-over-year growth of 3.9% and 10.3%, respectively. For the next fiscal year, the consensus estimate indicates a 2.9% rise in sales and 6.4% growth in earnings.
 

Image Source: Zacks Investment Research

Target currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

In recent years, three major retailers have soared. Walmart, Amazon, and Costco have climbed -- Walmart in the triple-digits and the other two in the double-digits -- as customers rushed to them for deals on their everyday needs as well as discretionary purchases. One big name, however -- another company selling the same product categories – has been missing from that list.

And that was Target (TGT 2.44%). Though Target saw revenue soar in early pandemic days, the company struggled to grow in the years to follow. This happened amid a variety of challenges, from theft in its stores to inventory problems. All of this impacted the stock price, leaving Target down 40% over the past five years.

But this year may mark an important turning point. Longtime Target executive Michael Fiddelke took over the role of chief executive officer and put into place a plan to spark long-term growth. Investors seem to like the progress so far as the stock has soared more than 40% this year -- that's compared to gains of 10% and 3% for Costco and Walmart. And Amazon stock has advanced less than 1%.

How long can Target stock continue to crush its retail peers? Let's find out.

Image source: Getty Images.

Target's tough times As mentioned, Target offered investors a bumpy ride over the past few years. Shoppers complained about long wait times at the register and a lack of certain items in the stores. Theft in some stores also weighed on earnings. Meanwhile, during times of increasing inflation, shoppers more easily turned to value-focused options such as Walmart.

It's important to remember a few very positive points, though. Target grew revenue by more than $20 billion from 2020 through 2022 -- and while it's failed to increase revenue further, it's been able to maintain the gains, with annual revenue of a little over $100 billion.

TGT Revenue (Annual) data by YCharts

Target also made impressive gains in its digital business and in in-store fulfillment -- the company generally relies on its stores to fulfill orders rather than shipping from a warehouse. Finally, Target has built out a solid array of about 40 owned brands -- they bring in more than $30 billion in annual revenue. These are important as owned brands are higher-margin for a retailer than national brands.

All of these points are a great starting point for a turnaround -- and that is what might be taking place right now. Fiddelke's plan involves overhauling in-store displays, strengthening the assortment of products, training employees to deliver a better guest experience, and making more use of technology like AI to improve the overall Target experience.

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Target's recent successes In the first quarter, Target reported several successes. Product innovation helped drive revenue growth, generating a 6.7% increase to more than $25 billion. And the retailer saw growth in both physical stores and digital sales -- and growth across all six merchandise categories. The company also reported improvements in product availability in stores.

Based on these results, Target increased its full-year revenue forecast by two percentage points, with expectations for a gain of about 4%. And Target forecasts earnings per share at the high end of its earlier $7.50 to $8.50 range.

The company has noted that the second quarter's comparison period will be more difficult than the "year-earlier" period for the first quarter. And Target also is monitoring consumer sentiment as it remains close to a record low. These elements could prove to be headwinds in the second quarter. Meanwhile, it's important to note that Target is very early in its recovery story, so we could see ups and downs in the months to come -- and it may take a few quarters for Target to deliver significant results.

So, now, let's get back to our question: How long can Target stock continue crushing Amazon, Walmart, and Costco? Target's recovery has a lot farther to go, meaning it's not too late for investors to get in on the stock and ideally accompany Target as it announces progress and earnings growth in the quarters to come.

Meanwhile, Target is considerably cheaper than its retail peers.

TGT PE Ratio (Forward) data by YCharts

All of this supports the idea of buying Target stock right now and holding on as the company's recovery unfolds. And that means Target could easily continue outperforming its fellow retail giants at least in the months to come.

Vancouver, British Columbia--(Newsfile Corp. - June 30, 2026) - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) ("Rokmaster" or "the Company") is pleased to announce results from diamond drilling on the Hanson Property completed in April 2026.

The Hanson Property is a part of the Company's Nechako Project, which totals 28,238 hectares (282 km2) across four properties located in west-central British Columbia. The Nechako Project features multiple exploration targets for significant porphyry Cu-(Mo±Au) mineralization and high-grade Au-Ag vein systems in the southern portion of the productive Stikine terrane (Figure 1).

A small inaugural drill program, totalling 393.0 m in two drillholes, tested the Wilson Target within the Hanson Property. This program represents essentially the first drill test of a strong and broad soil molybdenum anomaly and coincident IP anomaly initially detected by Endako Mines in 1973. Endako Mines did complete two shallow drillholes in 1978 after a five-year hiatus in exploration. Drillholes H9 and H10 were completed to depths of only 62.5 m and 37.8 m, respectively, and were directed away from the central high resistivity anomaly. (Figure 2).

Field work completed in 2025 found that the Stern Creek granodiorite underlying the Wilson Zone hosts potassic secondary biotite alteration related to narrow mm-scale vein-hosted molybdenite mineralization on surface. An outcrop was found near the center of the Wilson Zone geochemical and geophysical anomaly, with brecciated clasts of Stern Creek granodiorite and porphyritic quartz monzonite, the primary target for this drill program.

Drillhole H26-02 intersected intrusive breccia with meter-scale intervals of foliated granodiorite and non-foliated porphyritic quartz monzonite from top of the hole until a larger stock of quartz monzonite was encountered between 30.6 and 44.0 m. Below the lower contact of that unit, the remainder of the drillhole consisted of foliated granodiorite with varying degrees of chlorite alteration, persistent potassic alteration, and molybdenite mineralization hosted in quartz B-veins down to the end of the drillhole.

Notable molybdenite mineralization in dense cm-scale quartz veins was intersected in drillhole H26-02 with an assay of 0.518% Mo (0.864% MoS2(1)) over 1.20 m (59.0-60.2 m). The surrounding interval near the lower contact of the quartz monzonite also hosted cm-scale quartz-molybdenite veins and elevated assays with a weighted average of 0.051% Mo (0.085% MoS2) over 18.2 m (42.0-60.2 m).

For comparison, the average grade in the 2025 mineral resource estimate(2) on the currently inactive Endako Mine (Canada's largest Mo Mine), located 23 km south of the Hanson Property, is 0.072% MoS2 for 335.6 Mt in the measured and indicated category. This estimate used a cut-off grade of 0.040% MoS2 and a price of USD$22.50/lb Mo. Rokmaster also intersected a larger interval of 0.023% Mo (0.038% MoS2) over 71.0 m (42.0-113.0 m) cored in drillhole H26-02. This interval is close to the projected restart cut-off grade used in the Endako Mine PEA.

Drillhole H26-01 was collared approximately 900 m west of drillhole H26-02 and intersected Hanson Phase porphyritic tonalite hosting ~5% disseminated pyrite mineralization. This drillhole tested a circular magnetic low feature, elevated gold in surface samples, and the less exposed western portion of high chargeability anomaly. Drillhole H26-01 returned elevated copper results of 500-1,600 ppm Cu over meter-scale intervals throughout the hole, further confirming the pyrite halo around the core of the Wilson Zone.

There is potential for porphyry-style mineralization on the Hanson Property, at the Wilson Zone and at the Cyr Zone 2.5 km to the north. The Cyr Zone has similar geology with strongly sericite-altered and pyritic Stern Creek granodiorite hosting elevated gold, silver, copper, and zinc as indicated in historical sampling and drilling, which may indicate a less eroded porphyry system. The Buckley Zone, approximately 4.0 km west of the Wilson Zone, is defined by a large, strong molybdenum anomaly in soil samples taken over the Hanson Phase tonalite.

A new 1,534 hectare mineral claim called the Chaplin Property was recently approved 8 km south of the Hanson Property. The Chaplin Property is bisected by the mainline Trout Road and characterized by moderate overburden cover over mapped Stern Creek granodiorite. A 1969 induced polarization survey identified a strong IP anomaly(3) that is coincident with a magnetic low that remains undrilled (Figure 3).

John Mirko, President and CEO, comments:

"This first-pass, low-cost drill program at the Wilson Zone has added good value to the Hanson Property by intersecting notable porphyry-style molybdenite mineralization. The high-grade interval of 0.518% Mo over 1.20 m in drillhole H26-02 demonstrates that the system's ability to locally concentrate mineralization in higher-grade vein corridors within a broader envelope of lower-grade mineralization is similar to what has been described at the Endako Mine. The location of the 18.2 m interval returning 0.051% Mo, which exceeds the average grade at the Endako Mine, also supports further exploration potential in the geological context of the Wilson Zone. With extensive road access and nearby infrastructure we can continue advancing the Wilson Zone and the other underexplored Hanson Property targets efficiently. We thank all our contractors, including Hy-Tech Drilling, for safely and efficiently completing this small drill program. Intersecting this porphyry-style mineralization in the Wilson Zone is an excellent start and we look forward to additional drilling on prospective porphyry targets on the Nechako Project later this year."

Footnote 1: Conversion of (% Mo) to (% MoS2) uses a factor of 1.668

Footnote 2: National Instrument NI 43-101 Technical Report for the Endako Mine Restart. Preliminary Economic Assessment (PEA). November 21, 2025. Completed by A-Z Mining Professionals Limited for Moon River Moly Ltd. Sourced from SEDAR filings.

Footnote 3: Chaplin. R. E. 1969. Geophysical Assessment Report on the TAT mineral claims. ARIS Report #2283

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and reviewed and approved by Eric Titley, P.Geo., who is independent of Rokmaster and who acts as Rokmaster's Qualified Person.

For more information please contact

On Behalf of the Board of Directors of

Rokmaster Resources Corp.

John Mirko,
President & Chief Executive Officer.

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

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: receipt of regulatory approval with respect to the Hanson Property transaction; risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303435

Source: Rokmaster Resources Corp.

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Most of the Street holds more moderate views SanDisk (NASDAQ:SNDK | SNDK Price Prediction), with the consensus 12-month target sitting at $1,912.04. Then Citi’s Asiya Merchant raised her target to $2,500 from $2,025 on June 25, 2026, maintaining a Buy landed and reset the ceiling. Consensus implies roughly flat from here. Citi sees $500 more to go per SNDK share.

But can SNDK realistically reach $2,500 by the end of 2026? The setup is unusual: a memory company posting hyperscaler-grade growth, zero long-term debt after retiring $650 million in obligations, and a freshly authorized buyback running alongside Q4 guidance that implies sequential acceleration.

For long-term investors and retirement accounts, the question is whether the structural NAND cycle has truly changed, or whether this is another cyclical peak dressed up as secular growth.

Asiya Merchant’s $2,500 SNDK prediction Citi analyst Asiya Merchant’s call hinges on Micron’s blowout quarter signaling the NAND market stays tight through 2027. The fundamentals back it. SanDisk just posted revenue of $5.95 billion, a 25.68% beat, with datacenter revenue up 645% YoY and 233% sequentially. Gross margin expanded from 22.5% to 78.4% YoY. That is the mechanic Citi is pricing. Datacenter revenue surged 645% year-over-year to $1.47 billion, Edge climbed 295% to $3.66B, and even the Consumer segment grew 44% to $820 million. This is broad-based strength that distinguishes this cycle from prior NAND upturns driven by a single end market.

Furthermore, CEO David Goeckeler framed the quarter as “a fundamental inflection point for Sandisk — where our technology leadership is enabling a deliberate shift in our mix toward the highest-value end markets, led by Datacenter.” He also flagged the company’s “new business model built on multi-year customer engagements backed by firm financial commitments,” which he said is “driving structurally higher and more durable earnings power.” Five such New Business Model agreements have already been signed: three in Q3 and two in Q4. This gave Citi rare multi-year visibility into a name that historically traded on spot-pricing whims.

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Key drivers of SNDK stock performance Structural NAND shortage. Supply tightness is expected to persist through 2028. That tightness acts as a moat that protects pricing across the multi-year window retirement accounts depend on. Industry watchers expect the imbalance to persist through 2028, supported by disciplined capex from SanDisk, Kioxia, and the rest of the NAND oligopoly. AI datacenter demand. Hyperscaler capex plus KV-cache offload to SSDs put NAND at the center of inference infrastructure. Five multi-year customer agreements signed give rare earnings visibility for a memory name. The ramp of BiCS8 NAND and the rollout of High Bandwidth Flash (HBF) for AI inference further expand the addressable market beyond traditional storage. Cash generation. $2.99 billion of free cash flow last quarter, zero long-term debt, and a fresh buyback authorization fund the next phase without dilution. With zero long-term debt and a newly authorized share repurchase program, management has optionality on capital returns that few memory peers can match. What will it take for SNDK to reach $2,500? SanDisk’s implied market capitalization would be roughly 25% more than the current $300 billion market cap. For that to clear, three conditions matter.

NAND pricing has to hold into 2027 and beyond, which would validate the structural-shortage thesis. Q4 guidance of $7.75 billion to $8.25 billion in revenue and Non-GAAP EPS of $30 to $33 needs to land at or above the high end, with non-GAAP EPS of $30.00–$33.00 and gross margin of 79.0%–81.0% confirming that pricing power is sticking. The New Business Model contracts must scale toward the $42 billion in committed supply already cited by analysts, locking in multi-year revenue at premium margins. The primary risk is valuation. Trailing P/E sits near 70x, the stock has dropped about 13.6% in a single session during a Korea-led tech selloff, and insider selling has appeared at the highs. Other risks include reliance on the Kioxia strategic relationship, customer concentration among hyperscalers, evolving trade and tariff policy, and cybersecurity exposure inherent to large-scale semiconductor operations.

SanDisk only separated from Western Digital (NASDAQ:WDC) in February 2025, so the standalone operating track record is short. Therefore, investors are effectively underwriting a thesis based on a handful of quarters.

Still, if the shortage thesis holds and the New Business Model contracts deliver the visibility management has promised, Citi’s $2,500 is defensible. Moreover, the long-term setup remains intact for investors who can stomach the volatility.

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It has been about a month since the last earnings report for Target (TGT - Free Report) . Shares have added about 3.6% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Target due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important drivers.

Target Beats Q1 Earnings Estimates on Strong Sales, Raises ViewTarget reported first-quarter fiscal 2026 results, wherein both top and bottom lines surpassed the Zacks Consensus Estimate and improved year over year. The company witnessed broad-based momentum across merchandise categories and sales channels, aided by improved traffic trends, solid digital performance and continued strength in high-margin non-merchandise businesses. Management also raised its fiscal 2026 sales outlook following the better-than-expected start to the year.

Target’s Quarterly Performance: Key Metrics & InsightsTarget reported adjusted earnings of $1.71 per share, which beat the Zacks Consensus Estimate of $1.41 by 21.3%. The bottom line also increased 31.5% from adjusted earnings of $1.30 reported in the year-ago period. The big-box retailer generated net sales of $25,443 million, which surpassed the Zacks Consensus Estimate of $24,460 million by 4%. The metric increased 6.7% year over year from $23,846 million.

Merchandise sales rose 6.4% to $24,894 million, while non-merchandise sales surged 24.6%, driven by strong growth in Roundel advertising revenues, Target Circle 360 membership income and the Target+ marketplace. Advertising revenues climbed to $246 million from $163 million in the prior-year quarter.

Meanwhile, comparable sales increased 5.6% against a decline of 3.8% in the year-ago quarter. The improvement reflected a 4.4% rise in traffic and a 1.1% increase in average transaction amount. Comparable store sales rose 4.7%, while comparable digital sales jumped 8.9%, led by more than 27% growth in same-day delivery powered by Target Circle 360.

All six core merchandising categories registered year-over-year sales growth in the quarter. Food & Beverage, Beauty and Household Essentials remained key growth drivers, while Hardlines, Apparel and Home categories also posted gains amid improving consumer demand trends.

TGT’s Margin PerformanceGross margin expanded 80 basis points to 29% from 28.2% last year. The improvement was driven by lower markdown rates, supply-chain productivity gains, and growth in advertising and other high-margin revenues, partially offset by higher product costs.

SG&A expense rate increased to 21.9% from the prior-year GAAP rate of 19.3%. Excluding interchange fee settlement gains in the year-ago quarter, adjusted SG&A expense rate increased modestly from 21.7%. The increase reflected higher compensation costs, additional field training hours, higher incentive compensation, increased marketing expenses and planned investments in capital projects.

Adjusted operating income increased 29.1% year over year to $1,135 million, while adjusted operating margin expanded to 4.5% from 3.7% in the prior-year quarter.

Target’s Financial Health SnapshotTarget ended the quarter with cash and cash equivalents of $3,534 million compared with $5,488 million at fiscal 2025-end. Inventory remained well controlled at $12,317 million versus $13,048 million in the prior-year quarter. Long-term debt and other borrowings stood at $14,282 million, while shareholders’ investment totaled $16,395 million.

Capital expenditures increased 31% year over year to $1 billion, primarily driven by investments in new stores and remodel activity.

The company paid dividends of $516 million in the quarter. It did not repurchase shares in the fourth quarter and has approximately $8.3 billion remaining under its August 2021 authorization.

For the trailing 12 months, after-tax return on invested capital was 12.4%, down from 15.1% in the prior-year period.

A Sneak Peek Into TGT’s FY26 OutlookThe company raised its fiscal 2026 net sales outlook following stronger-than-expected first-quarter performance. Target now expects net sales growth of around 4% for the current fiscal year compared with its earlier expectation of about 2% growth. The company also continues to anticipate net sales growth in every quarter of the year.

Management expects the fiscal 2026 operating income margin rate to improve by more than 20 basis points from the adjusted operating margin rate of 4.6% reported in fiscal 2025. The company expects GAAP and adjusted earnings per share near the high end of the previously guided range of $7.50-$8.50.

Management emphasized that it remains focused on disciplined investments in store operations, technology capabilities, fulfillment services and merchandising initiatives while maintaining flexibility in an uncertain macroeconomic environment.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a upward trend in fresh estimates.

VGM ScoresCurrently, Target has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. Charting a somewhat similar path, the stock has a score of B on the value side, putting it in the top 40% for value investors.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Target has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Key Takeaways Target plans about $5B in 2026 capex for new stores, remodels, supply-chain facilities and tech upgrades.Target opened its 2,000th store, advanced 100 remodels and plans more than 30 new stores this year.Target's Q1 gross margin rose 80 basis points to 29%, while inventory turns improved more than 10%. Target Corporation (TGT - Free Report) kicked off fiscal 2026 with an aggressive capital expenditure of $1 billion during the first quarter. This represents a substantial 31% increase compared to the prior year, fueled by heightened investments in new stores and comprehensive store remodels. The retail giant plans to maintain this momentum by deploying approximately $5 billion for the full year, with funds directed toward new stores, remodels, supply-chain facilities and technology upgrades.

The early financial indicators provide positive signals regarding asset productivity and operational execution. Target achieved a notable milestone by opening its 2,000th store while advancing more than 100 remodel projects. The company plans to open more than 30 stores this year and intends to add about 300 new stores by 2035. Management highlighted that remodel investments are being prioritized in food and other frequency-driven categories where returns have been strongest.

The supply chain is another major recipient of capital. Target recently opened a food distribution center in Colorado and a receiving facility in Houston that is expected to process roughly 25 million cartons annually. These investments are designed to improve inventory availability, increase network capacity and reduce operational inefficiencies. These improvements are particularly important because Target fulfills more than 95% of sales through its stores.

Early indicators suggest these investments are already supporting performance. First-quarter gross margin expanded 80 basis points to 29%, aided in part by supply-chain productivity improvements. Inventory productivity also improved, with inventory turns rising more than 10% year over year.

Still, the ultimate measure of success will be whether these projects generate returns above Target’s current capital efficiency levels. For the trailing 12 months through the first quarter, after-tax return on invested capital fell to 12.4% from 15.1% a year ago. Management remains confident that driving sustainable top-line growth through enhanced physical and digital capabilities will ultimately fuel margin expansion and optimize long-term capital efficiency.

How Dollar General and Costco Compare to TargetDollar General Corporation (DG - Free Report) is investing heavily to drive long-term returns through store enhancements, technology and expansion initiatives. In first-quarter fiscal 2026, Dollar General spent $352 million on capital projects, including store remodels, relocations, new store openings and technology upgrades. The company completed 659 Project Renovate remodels and 711 Project Elevate remodels during the quarter while reaffirming plans for roughly 4,730 real-estate projects in fiscal 2026. DG envisions capital expenditures between $1.4 and $1.5 billion for fiscal 2026.

Meanwhile, Costco Wholesale Corporation (COST - Free Report) continues to invest aggressively in warehouse expansion, digital capabilities and member experience. Costco expects capital expenditures of roughly $6.5 billion this year to support new warehouses, remodel existing locations and enhance its digital platform. The company is targeting more than 30 net new warehouse openings annually in the coming years, reflecting confidence in the long-term returns from these investments. Strong membership growth and nearly 90% renewal rates further support Costco’s investment strategy.

What the Latest Metrics Say About TargetTarget has seen its shares jump 13.7% over the past three months compared with the industry’s rise of 2.1%. 
 

Image Source: Zacks Investment Research

From a valuation standpoint, Target's forward 12-month price-to-earnings ratio stands at 15.27, lower than the industry’s ratio of 31.26. However, TGT is trading above its 12-month median level of 13.41. 
 

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Target’s current financial-year sales and earnings per share implies year-over-year growth of 3.9% and 10.3%, respectively. The consensus mark for earnings has risen 13 cents to $8.35 per share over the past 30 days.
 

Image Source: Zacks Investment Research

Target currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.