Barksdale Announces $930,000 Private Placement

NOTE: All figures are in Canadian Dollars unless otherwise stated.

Vancouver, British Columbia--(Newsfile Corp. - February 11, 2026) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") announces plans to raise $932,585 on a private placement basis by Crescat Capital LLC ("Crescat"), a strategic investor in the Company, consisting of 8,478,049 common share units in the capital of the Company (the "Units") at a price of $0.11 per Unit (the "Issue Price") (the "Offering").

Each Unit will be comprised of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one common share of the Company at an exercise price of $0.15 for a period of two (2) years following the closing of the Offering.

Use of proceeds is for funding for the Company's drilling program at Sunnyside project.

The Company will issue a cash equalization payment of $0.02 per Unit to Crescat, for a total payment of $169,561. Crescat was entitled to participate in the $0.09 offering previously announced; however, the offering was fully subscribed and no allocation was available.

About Crescat Capital LLC

Crescat is a value-driven asset management firm with a global macro thematic overlay. The goal of its activist metals' strategy is to help exploration-focused mining companies create new economic metal deposits in viable mining jurisdictions around the world. The firm's investment process involves a mix of asset classes and strategies to assist with each client's unique needs and objectives and includes Global Macro, Long/Short, and Precious Metals funds.

About Barksdale Resources Corp.

At Barksdale, our mission is to drive long-term shareholder value through the strategic acquisition, exploration, and advancement of high-quality critical, base, and precious metal projects across the Americas.

We are focused on the metals essential to the global energy transition and modern infrastructure—particularly copper, zinc, and other critical minerals—at a time when secure, domestic and regional sources are more important than ever.

With a sharp focus on critical metals and a commitment to responsible growth, Barksdale is positioned to play a key role in meeting tomorrow's resource needs.

On Behalf of Barksdale Resources Corp.

William Wulftange
Chief Executive Officer and Director 
[e-mail]

Ira M. Gostin