Barksdale Resources Reports 9 Metres 3.464 g/t Au in SJ07-64 and 12 Metres of 1.084 g/t Au from Resampling Program, Completes Payments to Tusk to Own 100% of San Javier Project

Vancouver, British Columbia--(Newsfile Corp. - July 30, 2026) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") is pleased to report that all remaining payments to Tusk Exploration Ltd. to acquire 100% ownership of the San Javier Project in Sonora, Mexico, are complete. The Company has made the final installment payment of C$227,500, issued 4,550,000 Barksdale shares, and consolidated all remaining concessions from the 2020 transaction (Figure 1).

Figure 1. San Javier de Cobre location and 12 concessions acquired, including Cerro Verde (5), San Carlos (3), Cobre Nuevo (1) and Las Tunas (3).

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The San Javier Project hosts an IOCG (iron-oxide-copper-gold) type deposit located 140 kilometres east of Hermosillo and adjacent to Federal Highway 16. Following the 2021 diamond core drill program, the Company engaged Tetra Tech Canada, Inc. to complete a Preliminary Economic Assessment ("PEA") level resource estimation, which was issued in January 2024. The study reported total Measured and Indicated Mineral Resource of 419.2 million pounds of copper with 289.4 million pounds of copper recoverable using heap leach technology (Table 2). The study acknowledged that gold mineralization was present but did not estimate a resource for gold.

2026 Gold Resource Project

Barksdale management and geologists recognized that the 2024 PEA resource estimation noted the presence of gold values in the 2021 and historical drill assay results, yet gold content was not part of the final PEA economics nor final resource estimation. To update and estimate the overall gold content at San Javier, the Company identified five holes drilled in 2007 proximal to the 2021 gold bearing holes SJ21-04 and SJ21-05 (Figure 2). Geologists collected 178 samples from historical preserved "reject" samples for gold analysis. They added proper deposit type standards to the samples and submitted the batch to ALS Chemex for analysis.

Table 1. Gold intercepts from the 2021 and 2026 re-sampling program of 2007 drill campaigns.

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Results show multiple gold intercepts in four of the five 2007 holes sampled (Table 1). Assay results include shallow, near surface mineralization, including 6 metres of 0.345 g/t Au and 18 metres of 0.504 g/t Au and deeper high-grade mineralization including 9 metres of 3.464 g/t Au, results consistent with the 2021 intercepts (Figure 2). Leapfrog resource modelling software approximates a 28% increase in volume compared to the 2021 modeled results (Figure 2). Deposit average grades have not been estimated at this time.

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