High Tide Resources Commences Drilling at the Labrador West Iron Project with Two Rigs

TORONTO, ON / ACCESS Newswire / June 8, 2026 / High Tide Resources Corp. ("High Tide" or the "Company") (CSE:HTRC) is pleased to announce that drilling has commenced at the Labrador West Iron Project near Labrador City, NL. Mobilization is complete, and two drills are now turning as part of the Company's 2026 field program.

Steve Roebuck, President & CEO of High Tide, commented: "Launching this year's drilling program marks another important milestone for the Labrador West Iron Project. With two drills active on site, we are advancing our technical understanding at an accelerated pace. Drill core from the first holes is already demonstrating the strength of the system and the viability of resource growth, and we look forward to integrating new geological and analytical data as the program progresses. Each step we take continues to build value and move the Project toward its long‑term development potential."

Drilling Program Now Underway

The initial phase of the 2026 program is focused on resource expansion toward the north and northeast, where previous work has outlined strong potential for continued iron‑ore mineralization. This work is designed to support future resource modelling and refine geological continuity across the target corridor.

Progress to date includes:

• Completion of the first two drill holes.

  • See Map 1 - planned holes R-02 (26LB0067) and R-05 (26LB0068).

• Visual inspection of drill core confirming broad intervals of magnetite and hematite iron oxide mineralisation, consistent with the Project's established mineralized trends.

  • Both holes were extended beyond their planned depth.

• Samples from the first hole have been logged, split, and shipped for assay, with results expected to guide ongoing targeting and program adjustments.

Core logging and sampling are ongoing, with additional shipments to the laboratory scheduled as drilling advances.

Complementary Technical Work Advancing

In parallel with drilling, High Tide continues to progress several key workstreams that support the Project's long‑term development strategy:

• Metallurgical optimization to refine concentrate quality and processing parameters targeting the production of Direct Reduction ("DR") quality concentrate and a DR quality iron ore pellet.

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