Buchans Resources Limited (“Buchans” or the “Company”), a Canadian mineral exploration and development company, reports that it held its Annual Meeting of Shareholders in Toronto, Canada on June 11, 2026.

At the meeting, John Kearney, Chairman and Chief Executive, provided shareholders with a review of the current position and outlook for the Company.

“I am pleased to report continued progress across Buchans Resources’ portfolio of critical mineral assets and strategic investments. Buchans equity position in Canterra Minerals continues to be a key source of value, with Canterra’s ongoing drill programme at the Buchans Project in central Newfoundland advancing exploration across a world-class base metals district. We are encouraged by the momentum Canterra has built and remain strong believers in the camp’s long-term potential.

Buchans continues to advance exploration and targeting exercises across its Labrador nickel, copper, cobalt, and gold properties in support of a future test drill program. In early 2026, we engaged experienced consultant groups to compile and review remote sensing and geophysical data across approximately 2,000 km² of its properties, including processing of satellite spectral data and historical airborne geophysical datasets. These findings will guide upcoming field activities and further analyses of ground geophysical and geological data, all with the goal of defining drill-ready targets. We are actively seeking joint venture partners to help advance these high-potential assets.

Buchans investment in Minco Exploration PLC also reflects its commitment to building value through well-positioned partnerships. Minco’s recently completed €1.66 million financing will advance exploration at its Rapla Project in Ireland, a highly prospective zinc-lead belt with a strong technical team behind it. Together with our Royalties Inc. holding, Buchans enters the second half of 2026 with a strengthened portfolio and a clear focus on unlocking long-term shareholder value.”

MATTERS AT THE ANNUAL MEETING OF SHAREHOLDERS

ELECTION OF DIRECTORS AT AGM

All of the nominees for election as directors were re-elected to serve until the next annual general meeting of shareholders. Election results are as follows: 

RE-APPOINTMENT OF AUDITOR

McGovern Hurley LLP Chartered Professional Accountants were re-appointed as the Auditor for the current year and the directors were authorized to fix the remuneration of the Auditor with 9,658,230 shares voted in favour and nil shares withheld.

COMPANY OVERVIEW

Buchans holds nickel, copper, cobalt and gold exploration properties in Labrador. Buchans’ South Voisey’s Bay Ni-Cu-Co Project has high-priority, drill-ready targets in a confirmed Voisey’s Bay deposit-style environment. Buchans’ Tasiuyak Gold Project covers gold mineralization hosted within an orogenic belt of similar age (approximately 1.8 billion years) and mineralization style to the former Homestake gold mine in South Dakota and other productive gold-bearing orogenic belts worldwide.

Buchans continues to hold 31,966,054 common shares of Canterra (TSXV:CTM) with a total estimated value of $4,475,248, as at June 11, 2026.  Buchans holds 11,320,000 common shares of Royalties Inc. (CSE: RI) with a total estimated value of $1,245,200, as at June 11, 2026.

Buchans holds 11,573,501 shares of Minco Exploration PLC. Minco is a mineral exploration company which holds interests in Prospecting Licences in Ireland. Minco’s primary focus is its 100% owned Rapla Project where exploration has identified high-grade zinc-lead-copper-silver mineralisation. During 2025, Minco reported significant drilling results from its Rapla Project.  Drilling intersected high-grade Irish-type zinc-lead mineralization, including 16.5 metres grading 10.99% Zn, 3.12% Pb, 1.39% Cu and 294 g/t Ag in drillhole 3312-82, which included a high-grade interval of 4.5 metres grading 19.45% Zn, 8.18% Pb, 5.05% Cu and 1,028 g/t Ag.

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