Vancouver, British Columbia--(Newsfile Corp. - February 17, 2026) - Lara Exploration Ltd. (TSXV: LRA) (OTC Pink: LRAXF), ("Lara" or the "Company") is pleased to report that it has received new drilling permits from the Canaã dos Carajás municipal environmental agency for it's Planalto Project and that drilling has resumed on the Silica Cap copper mineralized trend. Initial drill holes will test the strike extension immediately south from the proposed Silica Cap open pit defined in the 2025 Planalto PEA Stu ...

Core Insights - Lara Exploration Ltd. has provided an update on the Atlantica exploration license, indicating potential to extend the Planalto resource approximately 3 km southeast from the Silica Cap deposit [1] Exploration and Drilling Activities - Mineração Atlantica Ltda. completed five diamond drill holes totaling 1,754.20 meters from late 2020 to early 2021, with geological relogging and sample analysis data recovered [2] - A soil sampling survey in Q4-2025 identified three distinct anomalous copper zones trending NW-SE through the Atlantica license, with the strongest anomaly located along the granite-intermediate volcanics contact [3] - Resampling of drill cores is ongoing, with significant oxide copper intersections identified in holes DDATL21-002 and DDATL21-004, which coincide with copper soil anomalies [6] Drill Results - Significant copper intersections from the five drill holes include: - Hole DDATL21-002: 35.80 meters at 0.35% Cu from 3.2 meters down hole - Hole DDATL21-004: 17.00 meters at 0.25% Cu from the surface down hole [9] - The ongoing sampling aims to validate historical sampling and analysis data, with a focus on extensions of chalcopyrite zones [7][10] Project Overview - The Planalto Copper-Gold Project is anticipated to be developed as a conventional open pit mine, processing 8 million tons per annum, with an expected production of 560,000 tons (1.2 billion pounds) of copper and 111,000 ounces of gold over an 18-year mine life [13]