Scottie Resources Continues to Hit High-Grade Gold at Blueberry Contact Zone Including 30.42 g/t Gold over 5.60 Metres and 9.67 g/t Gold over 8.85 Metres

Rhea-AI Summary

Scottie Resources (OTCQB: SCTSF) reported 2025 drill assays from the Blueberry Contact Zone, highlighting 30.42 g/t Au over 5.60 m and 9.67 g/t Au over 8.85 m. Results support continuity of shallow, high-grade veins used in the Project PEA mine plan. The Company cites a PEA after-tax NPV(5%) of $215.8M CAD (IRR 60.3%) for a DSO scenario and $380.1M CAD (IRR 89.9%) for toll milling, with initial capital of $128.6M CAD. A 2025 bulk sample generated an estimated $9M revenue.

Positive

• High-grade drill intercepts including 30.42 g/t Au over 5.60 m
• Significant intercept of 9.67 g/t Au over 8.85 m
• PEA DSO scenario: after-tax NPV(5%) $215.8M CAD with IRR 60.3%
• Toll milling PEA: after-tax NPV(5%) $380.1M CAD and IRR 89.9%
• 2025 bulk sample generated an estimated $9M in revenue

Negative

• Initial capital requirement is $128.6M CAD, representing a material upfront funding need
• True width of reported drill intervals has not yet been established by drilling

Vancouver, British Columbia--(Newsfile Corp. - February 10, 2026) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to report new assays from its 2025 drilling of various zones within the Blueberry Contact Zone, at the Scottie Gold Mine Project ("Scottie Gold Mine" or the "Project"). The road-accessible Project is located 35 kilometres north of Stewart, BC, and is the subject of a newly released Preliminary Economic Assessment ("PEA") entitled Scottie Gold Mine Project (Bird et al., October 28, 2025, Scottie Gold Mine Project, SEDAR+).

Scottie continues to deliver strong results from its 2025 drill program at the Blueberry Contact Zone, reinforcing the quality and continuity of high-grade mineralization withing the Scottie Gold Mine Project. The latest assays include multiple high-grade gold intercepts from both the BB Vein and Fifi Vein zones, highlighted by 30.42 g/t gold over 5.60 metres and 9.67 g/t gold over 8.85 metres.

These zones represent shallow well-defined areas of mineralization that form an important component of the early underground mine plan outline in the Project's recently release PEA. The results further demonstrate strong grade continuity across wide vein zones, supporting confidence in mine design assumptions and near-term production potential.

Ongoing geological modelling and re-interpretation, incorporating the full dataset from the 2025 drilling campaign continues to refine the Company's understanding of the Blueberry Contact Zone. This work is directly informing target generation and drill prioritization for the upcoming field season with a focus on expanding known high-grade zones and testing new conceptual targets emerging from the evolving geological model.

"These results continue to validate the strength of the Blueberry Contact Zone, delivering multiple high-grade intercepts from vein zones integral to the early years of our underground mine plan," said Thomas Mumford, President of Scottie Resources. "We're seeing improving continuity across wide, high-grade structures, which is encouraging from both a mining and development perspective. We continue to incorporate last years drilling into our modelling, further augmenting our drill planning for this coming season and providing us confidence in our ability to grow and enhance the value of this system."

Table 1: Highlight results from new drill assays (uncut) - Blueberry Contact Zone

Drill Hole		From  (m)	To  (m)	Width*  (m)	Gold  (g/t)	Silver  (g/t)	Sub Zone
SR25-446		18.20	19.25	1.05	1.19	28.00	BB Vein
		100.50	102.50	2.00	3.25	6.00	Fifi
SR25-447		185.70	194.30	8.60	2.43	1.17	Fifi
		254.90	256.30	1.40	2.48	0.00	Lemoffe
SR25-449		158.00	161.00	3.00	1.12	0.00	Fifi
		211.25	214.00	2.75	5.19	1.67	Fifi
SR25-450		126.15	135.00	8.85	9.67	4.41	Fifi
	including	129.75	133.80	4.05	17.05	39.00	Fifi
	including	131.80	133.80	2.00	25.90	17.50	Fifi
SR25-451		154.40	156.40	2.00	6.09	17.00	Fifi
		208.30	209.30	1.00	1.50	16.00	Lemoffe
SR25-452		75.60	76.60	1.00	2.27	20.00	Fifi
		254.00	256.10	2.10	44.31	7.52	Fifi
		298.00	299.00	1.00	2.10	14.00	Lemoffe
SR25-453		242.40	243.40	1.00	1.10	6.00	Lemoffe
		245.80	246.80	1.00	1.19	3.00	Lemoffe
SR25-455		255.10	256.10	1.00	2.10	0.00	Fifi
		267.75	270.75	3.00	24.27	9.67	Fifi
	including	267.75	268.75	1.00	57.20	19.00	Fifi
SR25-458		95.60	97.60	2.00	1.66	114.50	BB Vein
		102.60	105.00	2.40	2.42	0.00	BB Vein
		161.00	163.40	2.40	9.62	7.00	BB Vein
		186.00	189.00	3.00	1.47	0.00	BB Vein
SR25-459		119.25	130.30	11.05	1.74	1.00	BB Vein
	including	119.25	120.25	1.00	9.30	3.00	BB Vein
		139.60	145.20	5.60	30.42	15.41	BB Vein
SR25-460		237.00	255.00	18.00	3.93	0.00	BB Vein
	including	252.00	255.00	3.00	17.80	0.00	BB Vein
		326.55	328.85	2.30	5.68	129.43	BB Vein
		334.30	335.30	1.00	1.67	10.00	BB Vein
SR25-462		126.40	129.50	3.10	3.19	0.00	Fifi

 *True width of the intervals has not yet been established by drilling

Figure 1: Segmented vertical long section of the Blueberry Contact Zone illustrating the distribution and status of drilled targets from the 2025 season and the reported results thus far, relative to intercepts from previous drilling campaigns.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/283342_d24a2fbd64d53a48_002full.jpg

Figure 2: Overview plan view map of the Blueberry Contact Zone, illustrating the locations of the reported drill results, cross-sections (Figures 3 - 6), and the distribution of the modelled sulphide-rich cross-structures.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/283342_d24a2fbd64d53a48_003full.jpg

Figure 3: Cross-section displaying Scottie Gold Mine intercepts from drill holes SR25-450 and -451.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/283342_d24a2fbd64d53a48_004full.jpg

Figure 4: Cross-section displaying Scottie Gold Mine intercepts from drill hole SR25-449 and - 452.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/283342_d24a2fbd64d53a48_005full.jpg

Figure 5: Cross-section displaying Scottie Gold Mine intercepts from drill hole SR25-459.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/283342_d24a2fbd64d53a48_006full.jpg

Figure 6: Cross-section displaying Scottie Gold Mine intercepts from drill hole SR25-460.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/283342_d24a2fbd64d53a48_007full.jpg

About the Scottie Gold Mine Project

Over the past six years, exploration at the Scottie Gold Mine Project has delivered exceptional results — highlighted by the discovery of four new high-grade zones (Blueberry Contact Zone, Domino, D-Zone, and P-Zone) and the expansion of several historically drilled targets (Scottie Gold Mine, C-Zone, Bend Vein, and Stockwork).

A clear spatial relationship has emerged between these high-grade zones and the contact with the Jurassic-aged Texas Creek Plutonic Suite, providing a powerful framework for ongoing targeting. Detailed geological, structural, mineralogical, and geochemical studies now point to a shared mineralizing event across the property — linking the deposits into a broader, interconnected system with significant growth potential.

The Blueberry Contact Zone, located 2 km northeast of the 100%-owned past producing Scottie Gold Mine in BC's Golden Triangle, has rapidly advanced from a lightly drilled high-grade vein showing into a major growth target. The target was significantly advanced during Scottie's 2019 drill program when an interval was intersected in a new N-S oriented zone adjacent to the main Blueberry Vein. The drill results received from 2020 - 2024, coupled with surficial mapping and sampling suggest that the N-S mineralized trend is a controlling structure that hosts an array of SW-trending, sub-parallel, sulphide-rich veins that obliquely crosscut it which host high-grade gold. As of the end of 2024, the extent of the N-S zone, defined by the contact between andesite and siltstone units of the Hazelton Formation and the presence of the cross-cutting sulfide-rich structures, has a drilled strike length of >1,550 metres and has been tested to >525 metres depth. The Blueberry Contact Zone is located on the Granduc Road, 20 kilometres north of the Ascot Resources' Premier Mine. Newmont's Brucejack Mine is located 25 kilometres to the north.

The Company has recently completed a PEA which evaluates a low-capital DSO operation to deliver a gold-rich gravel product to Asian copper/precious metals smelters. At a gold price of US$2600/oz the project estimates an after-tax NPV(5%) of $215.8 M CAD with an IRR of 60.3%. By design, the operation will eliminate the need for a gold processing plant and tailings facility, thereby significantly reducing the capital required and resulting in a minimal environmental footprint, resulting in an initial capital cost of $128.6 M CAD. The project envisages a shallow open pit on the Blueberry Zone to start, followed by underground production from both Blueberry and the past-producing Scottie Gold Mine. The PEA also evaluates a toll milling scenario through the nearby Premier Mill, which results in an after-tax NPV(5%) $380.1 M CAD and an IRR 89.9%.

Scottie's 2025 Bulk Sample program exemplifies the unique characteristics of this mining project, and its ability to rapidly progress. From permitting to mining, crushing, transporting, shipping and sale of the product, the program was executed in under a year, generating an estimated $9M in new revenue. With this proven pathway, Scottie's has confidence in the simplicity and efficiency of its DSO model.

Quality Assurance and Control

Results from samples taken during the 2025 field season were analyzed at SGS Minerals in Burnaby, BC. The sampling program was undertaken under the direction of Dr. Thomas Mumford. The majority of drill core was NQ in diameter, with select holes of HQ size primarily taken for geomechanical purposes. Prior to sampling drill core was cut in half lengthwise, with half sent for assay and the remaining half kept in Stewart, BC. Standards, blanks, and duplicate samples were taken at intervals and frequencies that meet or exceed industry best practices. A secure chain of custody is maintained in transporting and storing all samples. Gold was assayed using a fire assay with atomic absorption spectrometry and gravimetric finish when required (+9 g/t gold). Analysis by four acid digestion with multi-element ICP-AES analysis was conducted on all samples with silver and base metal over-limits being re-analyzed by emission spectrometry.

Dr. Thomas Mumford, P.Geo., non-independent President of the Company, a qualified person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of the Company.

ABOUT SCOTTIE RESOURCES CORP.

Scottie Resources holds 100% interest in the Scottie Gold Mine Property, which includes the high-grade, past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone. The Company also owns a 100% interest in the Georgia Project, host to the past-producing Georgia River Mine, as well as the Cambria, Sulu, and Tide North properties. In total, Scottie controls approximately 58,500 hectares of highly prospective mineral claims within the Stewart Mining Camp in British Columbia's Golden Triangle-one of the world's most prolific mineralized districts.

Scottie's current resource estimate on the Scottie Gold Mine Project includes a total of 703,000 gold ounces at an average grade of 6.1 g/t (Inferred category) in 3.6 millon tonnes, highlighting the development potential for a significant near-surface, high-grade deposit. The Company's strategy is to continue expanding this resource and to define additional mineralization around past-producing mines through systematic drilling and surface exploration.

The Company has recently completed a PEA for the Scottie Gold Mine. The PEA outlines a robust Direct-Ship Ore (DSO) development scenario with strong economics and significant upside through a potential toll-milling option utilizing excess capacity at the nearby Premier mill. The base case DSO project delivers an after-tax NPV(5%) of $215.8-$668.3 million at gold prices of US$2,600-$4,200/oz, respectively. Under the toll-milling scenario, project economics improve substantially, with an after-tax NPV(5%) of $380.1-$831.7 million (no agreement currently in place). The PEA estimates initial capital costs of $128.6 million, average annual production of ~65,400 oz gold over seven years, and a payback period of 1.7 years for the after-tax DSO case-reduced to just 0.9 years under the toll-milling opportunity at US$2,600/oz.

Additional Information

Brad Rourke
CEO
+1 250 877 9902
brad@scottieresources.com

Forward-Looking Statements
This news release may contain 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 forward-looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283342

FAQ

What high-grade drill results did Scottie Resources (SCTSF) announce on February 10, 2026?

Scottie Resources reported multiple high-grade intercepts, including 30.42 g/t Au over 5.60 m and 9.67 g/t Au over 8.85 m. According to the company, these assays from the Blueberry Contact Zone reinforce grade continuity used in the PEA and upcoming drill plans.

How does the PEA value the Scottie Gold Mine Project for SCTSF and what are the key metrics?

The PEA shows a DSO after-tax NPV(5%) $215.8M CAD with an IRR of 60.3%. According to the company, a toll milling alternative yields an after-tax NPV(5%) $380.1M CAD and IRR 89.9%, with initial capital estimated at $128.6M CAD.

What did Scottie Resources report about the 2025 bulk sample and its significance for SCTSF?

The company reported the 2025 bulk sample generated an estimated $9M in revenue. According to the company, this demonstrates the practicality of the DSO model and provides a near-term proof of concept for shipping a gold-rich gravel product.

Are the reported drill widths true widths in Scottie Resources' SCTSF results?

No; the company states that the true width has not yet been established by drilling. According to the company, reported intervals are downhole widths and ongoing modelling aims to confirm true thickness for mine planning.

How will the new 2025 drill results affect SCTSF's near-term exploration and mine plan?

The company says the assays support continuity across high-grade veins and inform target prioritization for the next field season. According to the company, modelling incorporating 2025 data will refine drill targets and support early underground mine plan assumptions in the PEA.