NEWS

Arya Resources announces successful phase 2 drilling at Wedge Lake

Arya Resources (TSXV: RBZ) is pleased to announce final results from its Phase 2 winter 2026 drill programme at the Wedge Lake Project, located in the La Ronge gold belt of north-central Saskatchewan. Drilling continues to return highly encouraging assay results from the Twin Zone, with significant gold and silver mineralisation intersected in every single drill hole, alongside elevated scandium (Sc) grades outside of the primary gold zones.

The winter drill programme has also resulted in the exciting discovery of the Triplet Zone (see April 27, 2026, news release), located approximately 1,000 m to the west of the Twin Zone, which has been the main focus of drilling to date. The Triplet Zone discovery has significantly expanded the project’s exploration footprint and revealed the potential for a large, interconnected mineralising system at Wedge Lake.

Rasool Mohammad, President and CEO of Arya Resources, commented:

“Every drill hole completed during the Phase 2 programme intersected gold mineralisation, which continues to demonstrate the strength and continuity of the Wedge Lake system. The higher silver grades returned from multiple holes were a pleasant surprise and suggest silver may be far more pervasive throughout the mineralised system than previously recognised.

“Equally intriguing are the elevated scandium values associated with several of the silver-bearing intervals outside the main gold zones. We are seeing silver mineralisation present in several drill holes, while scandium appears to be consistently associated with portions of the broader mineralised system. As we continue to advance both the Twin and newly discovered Triplet Zones, we believe there remains significant potential to expand the footprint of gold, silver and scandium mineralisation along this 4-kilometre banded iron formation (BIF) trend.”

Peter Deacon, Director of Arya Resources, added: “The consistency of gold mineralisation at Arya Resources’ Wedge Lake Project is particularly encouraging, especially at depths as shallow as 12 m downhole, where future exploration and development could benefit. I’m very confident in what CEO Rasool Mohammad and the team will accomplish in the next drill programme.”

This release presents the results from the last three drill holes from the winter programme at the Twin Zone, which consisted of 805m in five drill holes. A plan map showing the location of the drill holes from the 2026 winter programme is provided in the accompanying image.

The 2026 winter drill programme at the Twin Zone comprised 805 metres across five drill holes (including two holes from the same setup), which consisted of several step-out holes designed to expand the footprint of mineralisation and several holes drilled in close proximity to historic drilling to confirm the tenor and styles of mineralisation. The Twin Zone drilling successfully covered roughly 381 metres of strike length across the zone, and the combined 2025/2026 drilling has now tracked the prominent iron formation across 138 vertical metres. One additional drill hole (267 m) was completed as a follow-up hole at the T-6 Zone, which resulted in the discovery of the Triplet Zone.

The brand-new Triplet Zone discovery was born from a strategic 25-metre step-out drill hole designed to test the down-dip extension of known quartz veining in hole AR25-10 at the T-6 Zone. Instead of just localized veins, the hole punched through multiple quartz-vein intervals, followed by an unexpected, broad zone of sulphide-bearing iron formation. This zone features disseminated-to-semi-massive sulphides, intense silicification, and strong sericite/chlorite alteration. These geological hallmarks closely resemble those of the Twin Zone, situated 1,000 metres to the east.

Current interpretations suggest that the quartz-vein-hosted mineralisation at the T-6 Zone may lie stratigraphically above the western limb of a folded iron formation. This strongly implies that the two distinct styles of mineralisation are genetically related, unlocking massive exploration potential to rapidly expand the gold footprint along the limb of the iron formation via systematic step-out drilling.

Numerous additional surface gold showings and historic drill hole intercepts have been compiled from previous work on the property by other operators. The Company is currently planning a summer program of surface mapping, prospecting, and sampling (including channel sampling of historic trenches) to confirm the character and tenor of historic mineralisation and identify additional target areas for follow-up. This work will better define additional drill targets on the property in advance of the next phase of drilling.

The Company is fully funded for its upcoming Phase 3 exploration and drill program. Phase 3 will focus on testing extensions of the newly discovered Triplet Zone, expanding the known boundaries of the Twin Zone, and testing additional target areas.

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