Scottie Resources Demonstrates More High-Grade Continuity at Blueberry Contact Zone Including 141 g/t Gold over 4.55 Metres and 54.6 g/t Gold over 7.05 Metres

Rhea-AI Summary

Scottie Resources (OTCQB: SCTSF) reported 2025 Blueberry Contact Zone drill results, including 141.2 g/t Au over 4.55 m and 54.6 g/t Au over 7.05 m. The zone now spans a >1,550 m strike and 525 m depth. A recent PEA models a DSO case with after-tax NPV(5%) CAD $215.8M and 60.3% IRR; a toll-mill case yields NPV(5%) CAD $380.1M and 89.9% IRR. A 2025 bulk sample generated ~CAD $9M revenue, underlining fast DSO execution potential.

Positive

• Drill intercept 141.2 g/t Au over 4.55 m
• Drill intercept 54.6 g/t Au over 7.05 m
• Modelled DSO after-tax NPV(5%) CAD $215.8M
• PEA toll-mill after-tax NPV(5%) CAD $380.1M
• 2025 bulk sample generated ~CAD $9M revenue

Negative

• Initial capital cost of CAD 128.6M
• PEA uses US$2,600/oz gold price assumption
• True widths of reported intervals not yet established

Vancouver, British Columbia--(Newsfile Corp. - February 17, 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+).

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

The Blueberry Contact Zone, located just 2 km northeast of the Company's 100%-owned, past-producing Scottie Gold Mine in BC's prolific Golden Triangle, has rapidly evolved from a lightly drilled high-grade vein into a cornerstone growth asset. In the recently released PEA, mining is envisioned to commence with a shallow open pit at Blueberry, followed by underground production from both Blueberry and the historic Scottie Gold Mine.

Infill and expansion drilling completed in 2025 has further demonstrated the impressive grade profile and strong continuity at Blueberry, reinforcing its importance to the development strategy and highlighting potential to enhance the Project's already robust economics.

"The Blueberry Contact Zone continues to exceed our expectations," said Brad Rourke, CEO of Scottie Resources. "Consistent high-grade intercepts and expanding continuity support our view that Blueberry represents a significant value driver within the broader Scottie Gold Mine Project. As we continue to infill and expand the zone, we see meaningful opportunity to enhance scale and unlock additional shareholder value."

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
SR25-463		165.00	168.00	3.00	3.09	0.67	BB Vein
		293.00	294.00	1.00	4.50	2.00	Fifi
SR25-464		5.30	8.00	2.70	25.0	15.6	Fifi
		27.00	29.00	2.00	26.5	11.5	Fifi
		52.50	58.40	5.90	19.9	43.3	Fifi
	including	53.90	55.40	1.50	63.8	117.0	Fifi
		75.50	76.50	1.00	1.94	7.00	Fifi
SR25-465		10.20	11.50	1.30	1.05	0.00	BB Vein
		36.00	45.00	9.00	2.98	0.47	BB Vein
	including	36.00	39.40	3.40	5.90	1.24	BB Vein
		205.85	206.85	1.00	5.44	2.00	Fifi
		211.25	213.35	2.10	1.46	0.00	Fifi
		219.80	233.90	14.10	2.25	52.5	Fifi
	including	219.80	220.80	1.00	7.22	12.0	Fifi
	and including	230.60	233.90	3.30	6.09	10.2	Fifi
		260.00	261.70	1.70	1.32	7.00	Fifi
		319.97	320.40	0.43	61.0	9.00	Lemoffe
SR25-466		6.15	8.15	2.00	4.34	12.5	Fifi
		22.80	32.00	9.20	4.26	6.46	Fifi
		43.00	47.00	4.00	1.25	2.00	Fifi
		59.00	60.00	1.00	1.19	5.00	Fifi
SR25-467		125.00	126.00	1.00	1.02	3.00	BB Vein
		128.00	129.00	1.00	5.00	2.00	BB Vein
		138.00	139.00	1.00	1.03	0.00	BB Vein
		156.00	157.00	1.00	1.71	5.00	BB Vein
		273.50	275.50	2.00	5.37	1.50	Fifi
SR25-469		44.65	46.65	2.00	7.12	9.50	Fifi
		55.50	58.50	3.00	4.71	6.67	Fifi
		79.55	86.55	7.00	16.1	107.0	Fifi
	including	79.55	80.55	1.00	104.0	35.0	Fifi
		93.65	94.65	1.00	1.13	64.0	Fifi
		110.00	111.00	1.00	4.14	16.0	Fifi
		117.00	118.00	1.00	4.77	20.0	Fifi
		129.00	130.00	1.00	3.20	2.00	Lemoffe
		138.00	139.00	1.00	1.51	3.00	Lemoffe
SR25-470		197.00	201.55	4.55	141.2	28.5	Fifi
	including	199.55	201.55	2.00	293.0	58.0	Fifi
		230.00	231.55	1.55	1.07	5.00	Lemoffe
		285.00	286.00	1.00	11.1	8.00	Lemoffe
SR25-471		29.35	32.55	3.20	2.46	10.7	Fifi
		60.00	61.20	1.20	1.02	2.00	Fifi
SR25-472		67.00	68.00	1.00	4.45	4.00	Fifi
		142.50	144.30	1.80	2.37	9.00	Lemoffe
SR25-473		171.70	178.75	7.05	54.6	4.14	BB Vein
	including	175.75	177.75	2.00	159.9	8.00	BB Vein
	including	176.75	177.75	1.00	240.0	9.00	BB Vein
		329.25	330.75	1.50	2.28	3.00	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 highlights of 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/11118/284057_654e66cc248dbbdc_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 - 5), and the distribution of the modelled sulphide-rich cross-structures (red).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/284057_654e66cc248dbbdc_003full.jpg

Figure 3: Cross-section displaying Scottie Gold Mine intercepts from drill holes SR25-463, -465 (partial, see Fig 5 for bottom portion of hole), -467, and -473.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/284057_654e66cc248dbbdc_004full.jpg

Figure 4: Cross-section displaying Scottie Gold Mine intercepts from drill hole SR25-464, -466, -469, and - 471.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/284057_654e66cc248dbbdc_005full.jpg

Figure 5: Cross-section displaying Scottie Gold Mine intercepts from drill hole SR25-470 and the lower portion of SR25-465.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/284057_654e66cc248dbbdc_006full.jpg

About the Scottie Gold Mine Project

Over the past six years, exploration at the Scottie Gold Mine Project has delivered outstanding results, including the discovery of four new high-grade zones - Blueberry Contact Zone, Domino, D-Zone, and P-Zone - and the expansion of multiple historic deposits. A clear spatial relationship between mineralization and the Jurassic-aged Texas Creek Plutonic Suite has emerged, providing a strong geological framework for continued targeting and reinforcing the view that these zones form part of a larger, interconnected gold system.

The Blueberry Contact Zone, located 2 km northeast of the 100%-owned, past-producing Scottie Gold Mine in BC's Golden Triangle, has evolved from a high-grade vein showing into a cornerstone development asset. Drilling has defined a north-south mineralized corridor exceeding 1,550 metres in strike length and 525 metres in depth, characterized by sulphide-rich, high-grade gold veins. Blueberry benefits from excellent infrastructure, located along the Granduc Road and within trucking distance of established processing facilities.

The Company's recently completed PEA outlines a low-capital DSO operation producing a gold-rich gravel product for direct shipment to Asian smelters. At US$2,600/oz gold, the DSO scenario generates an after-tax NPV(5%) of $215.8M CAD and a 60.3% IRR, with initial capital cost of $128.6M CAD. The PEA also evaluates a toll milling option through the nearby Premier Mill which further enhances returns, generating an after-tax NPV(5%) of $380.1M CAD and an 89.9% IRR.

Importantly, Scottie's 2025 bulk sample demonstrated the project's ability to advance rapidly, progressing from permitting through mining, shipment, and sale in under a year and generating approximately $9M in revenue. This execution reinforces confidence in the simplicity, scalability, and efficiency of the DSO development 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 million tonnes, highlighting the development potential for a significant near-surface, high-grade deposit. The Company's exploration 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/284057

FAQ

What high-grade gold intercepts did Scottie Resources (SCTSF) announce on February 17, 2026?

Scottie reported several high-grade intercepts, notably 141.2 g/t Au over 4.55 m and 54.6 g/t Au over 7.05 m. According to the company, these results come from 2025 drilling at the Blueberry Contact Zone and support continuity in the mineralized corridor.

How does the Scottie Gold Mine PEA impact SCTSF valuation and returns?

The PEA models a DSO case with after-tax NPV(5%) CAD $215.8M and 60.3% IRR, plus a toll-mill case with NPV(5%) CAD $380.1M and 89.9% IRR. According to the company, these scenarios illustrate potential project economics under set assumptions.

What operational evidence did Scottie Resources cite to support rapid DSO development for SCTSF?

Scottie completed a 2025 bulk sample that generated approximately CAD $9M in revenue and advanced from permitting to sale in under a year. According to the company, this demonstrates the DSO model's simplicity and execution speed at the project.

What is the scale of the Blueberry Contact Zone reported by Scottie (SCTSF)?

Drilling has defined a corridor exceeding 1,550 metres strike and 525 metres depth at Blueberry. According to the company, the zone is sulphide-rich with high-grade veins and lies 2 km from the past-producing Scottie Gold Mine.

What capital requirement and price assumption underpin the Scottie PEA for SCTSF?

The PEA lists an initial capital cost of CAD 128.6M and models DSO economics at a gold price of US$2,600/oz. According to the company, these inputs produce the reported NPV and IRR outcomes in the study.