Irving Resources Reviews First Year of Work with JX Advanced Metals Corporation at Omu Project, Hokkaido, Japan

VANCOUVER, BC / ACCESS Newswire / December 15, 2025 / Irving Resources Inc. (CSE:IRV)(OTCQX:IRVRF)(FSE:1IR) ("Irving" or the "Company") is pleased to provide an update on the first year of work with JX Advanced Metals Corporation ("JX Metals") at Irving's Omu Project, Hokkaido, Japan.

As announced in the Company's news release of November 13, 2024, Irving and JX Metals entered into a farm-in agreement (the "Option Agreement") whereby JX Metals may earn a 75% interest at Omu Sinter Pit (covering 1.962 square kilometres) to a depth of approximately 50 metres below sea level. Under the Option Agreement, JX Metals may also earn an interest at Omuisenbu (covering 0.127 square kilometres), the specific percentage of which interest will be determined based upon a calculation set out in the Option Agreement which will take into account an evaluation of Omuisenbu; in any event, the interest of JX Metals in Omuisenbu will not exceed 75%. Irving retains 100% control over the remainder of the Omui Mining License and entire Omu Project.

In order to exercise the option to earn an interest in Omu Sinter Pit and Omuisenbu (the "Option"), JX Metals must incur at least 300,000,000 yen in exploration and property related expenditures over three years, subject to extension in the event of certain circumstances (the "Option Period"). During the Option Period, JX Metals has the sole and exclusive right to conduct exploration at Omu Sinter Pit and Omuisenbu. Irving is the operator under the Option Agreement under the direction of JX Metals. The Option Agreement has moved into its second year, JX Metals having satisfied the first year requirements under the Option Agreement.

Since acquiring its first land position at its Omu project, Hokkaido, in 2016, Irving has pursued a clear vision of discovering significant precious metal-bearing silica deposits suitable for use as smelter flux. To date, Irving has made discoveries of such deposits at the Omui Mining License and at Omu Sinter.

Upon consummating its agreement with JX Metals, Irving drilled a strategically positioned diamond drill hole, 24OMI-001, at the Omui Mining License. This first ever shallow angle diamond core hole completed at this target yielded an impressive 101.1m wide intercept of shallow, silicified rocks grading 1.14 gpt Au, 16.0 gpt Ag and 84% silica (refer to the Company's news release dated January 23, 2025 for full results).