Vancouver, British Columbia--(Newsfile Corp. - September 23, 2026) - NRED Intelligent Mining Inc. (CSE: NRED) (OTCQB: NREDF) (the "Company" or "NRED") is pleased to provide a comprehensive technical and exploration update for its Wilmac Copper-Gold Project in the Similkameen Mining Division near Princeton, British Columbia.

The updated technical review builds upon the previous work completed on the Wilmac Project and incorporates additional geological, geophysical, geochemical and historical exploration information across the approximately 16,078-hectare (39,729-acre) property.

The updated work, prepared by Richard T. Walker, P.Geo., provides an expanded and prioritized exploration framework identifying multiple copper-gold targets recommended for future drill testing.

The technical interpretation indicates that the Wilmac Project is prospective for one or more comparatively shallowly buried alkalic copper-gold porphyry centres within a multi-phase Late Triassic arc system. These interpretations remain exploration-stage hypotheses requiring drill testing and do not constitute evidence of an economic mineral deposit.

Technical Update Highlights

• Wilmac claim block remains the highest-priority exploration area, where sampled surface copper mineralization is associated with a shallow IP system.
• Historical 2023 trench sampling at Wilmac returned copper results ranging up to 1.235% and 1.670% Cu, with nine selected samples averaging 0.639% Cu.
• Copper-in-soil values near the Wilmac quiet/resistive target include a sample of 1,022 ppm Cu, providing an additional layer of geochemical support.
• Untrenched high-chargeability pod cores west and southwest of the Wilmac trenches represent shallow targets at approximately 50-150 metres.
• Lamont claim block hosts a large chargeability-resistivity system supported by IP, AMT, soils and three-dimensional geometry.
• Trojan-Condor claim block contains a large intrusive-margin chargeability system, with historical drilling interpreted to be shallow relative to the preferred deeper target.
• The integrated datasets support a multi-centre exploration hypothesis, with separate potential sulphide and resistivity systems at Wilmac, Lamont and Trojan-Condor.
• A two-phase exploration program totalling approximately $3.13 million has been proposed, including approximately $1.31 million for Phase I exploration and geophysical work and approximately $1.83 million for Phase II drilling.

Wilmac - Priority Drill Target

Wilmac represents the Company's highest-priority exploration area. The technical interpretation identifies the trench-area system as the strongest direct relationship between sampled surface copper and an underlying geophysical system on the property.

The proposed exploration program includes drilling one or more of the strongest untrenched high-chargeability cores west and southwest of the existing trenches to test whether known surface copper mineralization strengthens into the underlying geophysical targets.

A separate approximately 350-400 metre inclined hole is proposed through the Wilmac quiet-resistive target, designed to also enter higher-chargeability material beneath or adjacent to it.

Lamont - Large Multi-Dataset Target

Ground IP and AMT surveying at Lamont has defined strong northwest-southeast oriented elongate chargeability pods that coalesce into a broader northeastern mass.

The target is supported by multiple datasets, including IP, AMT, soil geochemistry and three-dimensional geometry. The proposed program includes oriented, inclined drilling, including at least one deeper test to approximately 500 metres.

Trojan-Condor - Deeper System to be Tested

The Trojan-Condor Corridor contains a large chargeability system along the northwestern margin of an interpreted magnetic complex.

Historical drilling intersected pyritic alteration and weak to locally anomalous copper mineralization, however, the holes were terminated at shallow depths relative to the preferred deeper model.

The updated exploration framework proposes testing the C1/C2 system with an inclined 450-550 metre hole through the chargeability core and intrusive-margin geometry, while also evaluating the potential to deepen the existing Eagle hole (WS14-004) by approximately 250 metres, where technically practical.

Established Copper-Gold District

The Wilmac Project is situated in the Quesnellia geological terrane of southern British Columbia, approximately 10 kilometres west of the Copper Mountain Mine.

Geochemical relationships and overlapping approximately 204-205 Ma ages support interpretation of the property within the same broader Late Triassic magmatic-metallogenic province.

The Company cautions that this regional geological relationship does not demonstrate physical continuity, a common intrusive system or equivalent mineralization between Wilmac and Copper Mountain. Mineralization or resources at nearby properties are not necessarily indicative of mineralization at Wilmac.

Defined Path Toward Drilling

The technical work provides NRED with a staged exploration strategy combining the results of targeted geophysics, geochemistry and/or drilling.

The proposed initial drill holes are designed to serve as tests of the respective geological model interpreted for each separate and distinct grid in the context of the overall model interpreted for the Property. Evaluation of each drill hole will include systematic logging, multi-element analysis of recovered drill core (including copper-gold + pathfinder analysis) and magnetic susceptibility measurements, all of which are intended to further refine the three-dimensional interpretation of the property.

Management Commentary

Brian Goss, President and CEO of NRED Intelligent Mining, commented, "The technical work represents an important advancement for Wilmac and builds upon previous work completed on the project. By integrating additional geological, geochemical and geophysical information, we now have an increasingly refined exploration framework and a clearly prioritized portfolio of targets.

What is particularly encouraging is that our highest-priority Wilmac target combines known copper mineralization at surface with multiple supporting technical datasets. The scale and geometry of the systems identified at Lamont and Trojan-Condor provide additional opportunities for systematic testing across this large property.

With clearly defined exploration priorities and drill recommendations, NRED is positioned to advance Wilmac from target definition toward the critical next stage of testing these geological models through drilling."

Option Agreement Status

The Wilmac copper-gold project comprises 16,078 hectares located southwest of Princeton and approximately 10 kilometres west of Hudbay Minerals Inc.'s producing Copper Mountain Mine. NRED hold an interest in the Project pursuant to two option agreements concerning what are known as (1) the Wilmac and Lamont claims and (2) the Trojan-Condor Corridor claims.

The Company was required to make a $50,000 cash payment by December 1, 2025 and a second $125,000 cash payment by September 1, 2026 in order to keep the first option agreement in good standing, and was required to make a cash payment of $100,000 and to fund exploration expenditures of $100,000 on August 31, 2026 to keep the second option agreement in good standing. NRED has not made any of these payments and the option agreements are currently not in good standing. The optionors of the claims comprising the Project have not provided the Company with notice of termination, but may do so on seven day's notice.

Qualified Person

The scientific and technical information in this news release, including the geological interpretations described herein, has been reviewed and approved by Rick Walker, P.Geo., a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"). Mr. Walker is not independent of the Company within the meaning of NI 43-101.

The technical work described in this release builds upon geological, geochemical and geophysical work completed to date on the Project.

About NRED Intelligent Mining Inc.

NRED Intelligent Mining Inc. (CSE: NRED) (OTCQB: NREDF) is a mineral exploration company focused on the identification, acquisition, exploration and development of copper-gold porphyry projects in British Columbia, leveraging an artificial intelligence-enhanced geospatial technology platform that it developed to identify and evaluate prospective mineral properties. The Company's optioned Wilmac copper-gold project comprises 16,078 hectares located within the Quesnel porphyry belt in the Similkameen Mining Division, southwest of Princeton and approximately 10 kilometres west of Hudbay Minerals Inc.'s producing Copper Mountain Mine.

Readers are cautioned that the discussion of mineralization, alteration or grades on adjacent, similar or analogous properties, including the Copper Mountain Mine, is not necessarily indicative of the mineralization or potential of the Wilmac Copper-Gold Project. The Company has no interest in, or right to acquire any interest in, any such properties.

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding: the interpretation of geological, geochemical and geophysical data, which were used to identify the drill targets on the Wilmac Project, including the timing and details of anticipated work, such as drilling, as well as the process and timing for obtaining results; the inference that the historical data that the Company has analyzed to date, as interpreted, suggest that the Wilmac Project may potentially host economic quantities of copper; the Company's ability to complete recommended exploration work on the Wilmac Project, which is subject to financing that the Company may not be able to obtain; and the Company's intention and ability to satisfy the cash payment, share issuance, and exploration expenditure milestones required to exercise the option agreements respecting the Wilmac Project.

Forward-looking information is based on a number of assumptions that, while considered reasonable by the Company at the date of this news release, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such assumptions include, without limitation: the accuracy of current geological interpretations, including the interpretation of data described in this news release; the accuracy and completeness of the third-party historical data on which the interpretation rests; the availability of adequate funding to complete the proposed exploration and subsequent analyses; the ability of the Company's geophysical contractors and geological consultants to complete contemplated exploration on schedule; favourable weather, terrain and field conditions; access to the Project area; the availability of qualified personnel; the receipt of all necessary permits and authorizations for planned exploration; and the continued cooperation of the optionors under the terms of the relevant option agreements.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. Important risk factors include, but are not limited to: the possibility that the interpretations described are not ultimately accurate; additional exploration and drilling do not support the interpretation described; the continued availability of capital and financing; the ability to satisfy option earn-in requirements on the timelines contemplated; risks inherent in mineral exploration; adverse weather or terrain conditions; tenure grant, renewal and permitting outcomes, including under British Columbia's revised mineral tenure system; Indigenous and community consultation requirements; changes in applicable laws and regulations; the ability to retain key personnel and contractors; litigation; failure of counterparties to perform their contractual obligations; and general economic, market or business conditions. Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by applicable securities laws.

Neither the CSE nor its Market Regulator (as that term is defined in CSE policies) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/315669

Source: NRED Intelligent Mining Inc.