Usha Resources Announces Leadership Transition

Navin Kumar Varshney appointed Chief Executive Officer, Corporate Secretary and Director

VANCOUVER, BC / ACCESS Newswire / September 11, 2026 / Usha Resources Ltd. ("Usha", "USHA" or the "Company") (TSXV:USHA)(FSE:JO0), a North American mineral acquisition and exploration company, announces a transition in the leadership of the Company, effective today.

Leadership Transition

Deepak Varshney has resigned as Chief Executive Officer and Corporate Secretary of the Company, effective September 11, 2026. Mr. Varshney remains a director of the Company and will continue to support the Company in that capacity.

The board of directors has appointed Navin Kumar Varshney as Chief Executive Officer and Corporate Secretary of the Company, and as a director of the Company, in each case effective September 11, 2026.

Following these changes the board of directors comprises four directors: Navin Kumar Varshney, Deepak Varshney, Leif Smither and David Ellett. Khalid Naeem continues as Chief Financial Officer.

About Navin Kumar Varshney, P.Eng.

Navin Kumar Varshney, P.Eng., is a co-founder of Usha and served as a director of the Company from its incorporation on February 26, 2018 until December 4, 2025. He was also the Company's first Chief Executive Officer, Chief Financial Officer and Corporate Secretary, holding those offices from incorporation until December 2019. Mr. Varshney has a four-decade career analyzing and investing in the metals, mining and technology sectors, and since 2008 has been instrumental in the creation of several initial public offerings and capital pool companies. He has served on numerous public company boards in roles including President and Chief Executive Officer, Chief Financial Officer and director.

The appointment of Mr. Navin Kumar Varshney as a director and officer of the Company remains subject to the acceptance of the TSX Venture Exchange, including the filing and clearance of a Personal Information Form.

About Usha Resources Ltd.

Usha Resources Ltd. is a North American mineral acquisition and exploration company focused on the development of quality critical metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Usha's portfolio of strategic properties includes Jackpot Lake, a lithium brine project in Clark County, Nevada, and the Bingo East and Bingo West lithium pegmatite properties in northwestern Ontario. Usha trades on the TSX Venture Exchange under the symbol USHA and the Frankfurt Stock Exchange under the symbol JO0.

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