Toronto, Ontario--(Newsfile Corp. - August 10, 2026) - Lynx Resources Corp. (CSE: LYNX) ("Lynx" or the "Company") is pleased to announce that the Company is commencing the field component of its Phase 1 exploration program (the "Program") at its Turner's Ridge Property (the "Property"), located in western Newfoundland, Canada.

The Program has been designed to follow up on priority lead-zinc-silver targets identified through historical exploration and the Company's 2023 exploration campaign and is based on the recommendations outlined in the technical report for the Property prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). A copy of the technical report can be found under the Company's profile on www.sedarplus.ca.

Phase 1 Field Program

Highlights of the Program include:

• the collection of soil samples to further define previously identified lead-zinc-silver geochemical anomalies;

• a 3 line-kilometre two-dimensional induced polarization and resistivity ("2D-IP") survey to further evaluate priority exploration targets; and

• mechanical trenching and channel sampling to expose and evaluate bedrock within selected target areas.

The Program follows encouraging results from Lynx's 2023 exploration campaign, which successfully identified a strong north-south lead geochemical anomaly extending beyond the known Turner's Ridge occurrence and confirmed high-grade lead-silver-zinc mineralization through channel sampling. These results provide the foundation for the Company's current follow-up exploration program.

"Commencing our first exploration program as a public company is an important milestone for Lynx," said Kevin Zhou, President and CEO of Lynx. "Our 2023 exploration program indicated that the Turner's Ridge lead occurrence extends beyond the historically exposed mineralization and identified several compelling targets for follow-up work. This Phase 1 program is expected to help us refine those targets and advance the Property."

The Company will provide further updates as the Program progresses and results become available.

Qualified Person
Alex Bugden, P.Geo., a Qualified Person in accordance with NI 43-101 and independent from Lynx, has reviewed and approved the technical information contained in this press release.

About Lynx Resources Corp.
Lynx is a mineral resource company engaged in the acquisition and exploration of mineral resource properties. Its principal project is the Turner's Ridge Property located in Newfoundland and Labrador, Canada, in which it holds an option to acquire a 100% undivided right, title, and interest. The Company may, from time to time, evaluate and acquire additional mineral properties of merit.

For further information about the Company, please contact:

Cautionary Statements Regarding Forward-Looking Information

Neither the Canadian Securities Exchange nor its regulation services provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains certain forward-looking statements, including those relating to exploration plans at the Property. These statements are based on numerous assumptions regarding the Property, the Company's exploration programs and results, and commodities prices that are believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without limitation the exploration potential of the Property and the nature and style of mineralization at the Property; risks inherent in mineral exploration activities; volatility in financial markets, economic conditions, and resource commodities prices; and those other risks described in the Company's continuous disclosure documents. Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements herein except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308767

Source: Lynx Resources Corp.