Toronto, Ontario--(Newsfile Corp. - February 26, 2026) - Argyle Resources Corp., (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) (the "Company" or "Argyle"), announces that effective February 26, 2026 (the "Effective Date"), the Company has cancelled an aggregate 2,050,000 options ("Options") to purchase common shares of the Company ("Common Shares"), which were previously granted to board members, and consultants of the Company (each a "Participant"). Management reviewed the Company's outstanding Options and determ ...

Core Viewpoint - Argyle Resources Corp. has reported promising results from its 2025 prospecting and sampling campaign at the Saint Gabriel Project, indicating high purity silica mineralization with several samples exceeding 99% SiO₂ [1][9]. Group 1: Project Overview - The Saint Gabriel Project is a 100% owned silica exploration property located in Québec's Bas Saint Laurent Region, covering approximately 1,312.90 hectares [11]. - The project is situated about 42 km east of Rimouski and consists of 23 contiguous mining claims accessible via gravel road off Highway QC 234 [11]. Group 2: Sampling Program - A four-day field program was conducted in the fall of 2025, focusing on evaluating silica-bearing outcrops and confirming known high-grade occurrences [2]. - Seventeen grab samples were collected and analyzed, with four samples returning SiO₂ values above 99%, demonstrating high silica purity across multiple areas [6]. Group 3: Results Summary - Notable high-grade samples included a peak value of 99.9% SiO₂ from Sample 6 (quartzite) collected near the Lac Rigo Showing [6][8]. - The newly identified high purity silica zone, located approximately 800 meters west of the Lac Rigo Showing, returned strong results, including 99.2% SiO₂ from Sample 11, 99.5% SiO₂ from Sample 13, and 99.7% SiO₂ from Sample 14 [6][8]. Group 4: Future Plans - Based on the 2025 prospecting program results, the company plans to conduct follow-up work focused on evaluating the two high purity silica zones, including the Lac Rigo Showing area and the newly identified area to the west [14]. - Follow-up activities will include additional field reconnaissance, detailed mapping, and expanded sampling to define the extent and continuity of high purity silica mineralization [14].

Core Viewpoint - Argyle Resources Corp. has successfully completed its diamond-drilling campaign at the Lac Comporté Silica Project, with promising preliminary results expected to enhance shareholder value in Quebec's Bas-Saint-Laurent region [1][4]. Drilling Campaign Details - The 2025 drilling program was conducted over 23 days in December, achieving an average of 104 meters per day despite adverse winter conditions, totaling 2,287 meters drilled [2]. - The campaign focused on two high-priority quartzitic units identified during the summer field program, which exhibit surface grades of up to 98% SiO₂ [2][3]. - Preliminary visual inspections of the core samples indicate significant quartzitic intervals, although these estimates will require laboratory verification [3]. Company Overview - Argyle Resources Corp. is a junior mineral exploration company engaged in acquiring, exploring, and evaluating natural resource properties in North America, including silica projects in Quebec [10]. - The company holds an option to acquire up to 100% of the Frenchvale Graphite Property in Nova Scotia and owns 100% interest in several quartzite silica projects [10]. - Argyle is collaborating with the National Institute of Scientific Research (INRS) to conduct exploration programs on its silica projects [10].

Core Viewpoint - Argyle Resources Corp. has successfully closed a non-brokered private placement, raising approximately $300,000 through the issuance of 2,000,000 units at a price of $0.15 per unit [1] Group 1: Private Placement Details - The private placement consists of units that include one flow-through common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.20 for 24 months [1] - The proceeds from the private placement will be allocated to Canadian exploration expenses, qualifying as flow-through mining expenditures under the Income Tax Act (Canada) [2] - The company incurred $18,000 in cash finder's fees and issued 120,000 finder's warrants, each exercisable for one common share at $0.20 for 24 months [2] Group 2: Securities Information - The securities issued under the private placement are subject to a hold period of four months and one day [3] - The securities have not been registered under the U.S. Securities Act of 1933 and cannot be offered or sold in the United States without registration or applicable exemptions [4] Group 3: Company Overview - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring, exploring, and evaluating natural resource properties in North America [5] - The company owns a 100% interest in several silica projects in Québec, Canada, and has an option to acquire the Clay Howell Rare Earths Project in northern Ontario [5] - Argyle is engaged in a research partnership with the National Institute of Scientific Research to conduct exploration programs on its silica projects [5]

Core Viewpoint - Argyle Resources Corp. plans to conduct a non-brokered private placement to raise up to $500,000 through the issuance of units priced at $0.15 each, which will consist of common shares and purchase warrants [1][2]. Group 1: Private Placement Details - The private placement will consist of up to 3,333,333 units, with each unit comprising one flow-through common share and one-half of a common share purchase warrant [1]. - Each half warrant will allow the holder to purchase one-half of a non-flow-through common share at a price of $0.20 for a period of 24 months [1]. - The net proceeds will be used for Canadian exploration expenses that qualify as flow-through mining expenditures under the Income Tax Act (Canada) [2]. Group 2: Company Overview - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring, exploring, and evaluating natural resource properties in North America [3]. - The company holds a 100% interest in several silica projects in Québec, Canada, and has options to acquire additional properties in Ontario and Nova Scotia [3]. - Argyle is engaged in a research partnership with the National Institute of Scientific Research in Québec to conduct exploration programs on its silica projects [3]. Group 3: Company Background - Argyle Resources Corp. was incorporated in 2023 and is headquartered in Calgary, Alberta, Canada [4].

Core Insights - Argyle Resources Corp. has received all necessary permits and has commenced its drilling program at the Lac Comporté Silica Project in Quebec, Canada [1][3] - The drilling campaign will involve up to 3,000 meters of NQ-sized core, focusing on areas with promising results from the summer field program, which identified a significant quartzite horizon [2][3] Drilling Program Details - The planned drilling will target a kilometric horizon of quartzite, with four samples returning assays of up to 98% SiO2, including a high-grade result of 98.52% SiO2 [2][6] - The drilling program includes multiple drill collars with varying depths, totaling approximately 2,900 meters [5] Sample Analysis - The best silica results from the prospecting program include samples with SiO2 content of 98.52%, 98.42%, 98.19%, and 98.18%, all sourced from quartzite [8][6] - Analytical protocols for the samples were conducted by ALS Canada Ltd., utilizing XRF finish for lithogeochemistry [10] Company Background - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring and evaluating natural resource properties in North America, including silica projects in Quebec [11] - The company is engaged in a research partnership with the National Institute of Scientific Research (INRS) to conduct exploration programs on its silica projects [11]

Core Viewpoint - Argyle Resources Corp. has submitted permit applications for a 3,000-meter drilling program at the Lac Comporté Silica Project in Quebec and expects to receive the permits shortly [2][3]. Drilling Program Details - The drilling campaign will consist of 3,000 meters of NQ-sized core, focusing on the most promising results from the summer field program, which identified a significant quartzite horizon [4]. - The summer program yielded four samples with assays of up to 98% SiO2, including a high-grade result of 98.52% SiO2 from sample E715925 [4][8]. Company Insights - Jeff Stevens, CEO of Argyle Resources Corp., emphasized that moving to the drilling stage is a crucial milestone for the company, reflecting its commitment to disciplined exploration and value creation in Quebec's silica corridor [5]. - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring and evaluating natural resource properties in North America, including multiple silica projects in Quebec [13].

Core Insights - Argyle Resources Corp. has received the necessary permits to commence a 3,000-metre drilling program at the Lac Comporté Silica Project in Quebec, Canada, marking a significant advancement for the company [1][3] Drilling Program Details - The drilling campaign will focus on 3,000 metres of NQ-sized core, specifically targeting promising results from the summer field program, which identified a kilometric horizon of quartzite [2] - The summer program yielded four samples with assays of up to 98% SiO2, including a high-grade result of 98.52% SiO2 from sample E715925 [2][8] Company Commitment - The CEO of Argyle Resources Corp. emphasized that moving to the drilling stage is a pivotal moment for the company, reflecting its commitment to disciplined exploration and unlocking value in Quebec's silica corridor [3]

Core Insights - Argyle Resources Corp. is advancing its silica characterization program on the Matapedia property in Quebec, which is a crucial part of its advanced materials initiative [1][3] Company Overview - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring, exploring, and evaluating natural resource properties in North America [4] - The company holds options to acquire up to 100% of the Frenchvale Graphite Property in Nova Scotia and owns 100% interests in several silica projects in Quebec, including Pilgrim Islands, Matapédia, Lac Comporté, and Saint Gabriel [4] - Argyle also owns the Clay Howell rare earth element project in Ontario [4] Silica Characterization Program - The company has completed granulochemical particle size separations on four bulk samples, categorizing material into eight size fractions from greater than 2 mm to less than 63 µm [2] - This analysis is essential for understanding the distribution of mineral impurities (Fe, Ti, K) in relation to quartz content across different particle sizes [2] - A total of 32 samples have been sent to Actlabs in Ontario for external analysis, with an additional 150 kg bulk sample pending examination [3] - Argyle is committed to enhancing its silica purification strategy and will provide updates as results are available [3] Research Partnership - Argyle is collaborating with the National Institute of Scientific Research (INRS) to conduct exploration programs on its silica projects [5] - The INRS is a research and training institute funded by the Québec government [5] Corporate Structure - Argyle Resources Corp. was incorporated in 2023 and is headquartered in Calgary, Alberta, Canada [5] - George Yordanov, P.Geo., serves as the Qualified Person for the company, overseeing the scientific and technical information disclosed [6]

Group 1 - Argyle Resources Corp. has closed the first tranche of its offering of units at a price of C$0.20 per unit, raising aggregate gross proceeds of C$500,000 [1] - Each unit consists of one common share and one share purchase warrant, with the warrant allowing the purchase of one share at an exercise price of C$0.27 for 24 months [1] - The offering was conducted under the listed issuer financing exemption, meaning the units are not subject to resale restrictions [2] Group 2 - The company paid cash fees of $16,800 and issued 84,000 broker warrants as consideration for finder services, with each broker warrant also exercisable at $0.27 for 24 months [3] - The net proceeds from the offering will be used for legal and accounting expenses, marketing, mineral property exploration, and general working capital [4] Group 3 - Argyle Resources Corp. is a junior mineral exploration company focused on acquiring and evaluating natural resource properties in North America, owning a 100% interest in several silica projects in Québec [6] - The company has options to acquire additional properties, including a rare earth element project in Ontario and a graphite property in Nova Scotia [6] - Argyle is engaged in a research partnership with the National Institute of Scientific Research to conduct exploration programs on its silica projects [6]