Tungsten Eagle Development Corp. (Formerly Patriot Resources Corp.) Completes Fundamental Change, Closes $5,000,000 Concurrent Financing and to Commence Trading on the Canadian Securities Exchange

VANCOUVER, BC / ACCESS Newswire / September 29, 2026 / Tungsten Eagle Development Corp. (formerly Patriot Resources Corp.) (the "Company") (CSE:MAGA) is pleased to announce that it has completed its previously announced fundamental change transaction (the "Transaction"), pursuant to which the Company, through its wholly-owned subsidiary Tungsten Eagle (U.S.A.) Ltd. ("Subco"), has been granted an option to acquire a 100% interest in the Liberty Ridge Property, comprising 269 unpatented lode mining claims in Elko County, Nevada (the "Liberty Ridge Property"). In connection with the Transaction, the Company has consolidated its common shares (the "Shares"), changed its name to "Tungsten Eagle Development Corp.", closed a concurrent private placement for gross proceeds of $5,000,000, and received final approval to list the Shares on the Canadian Securities Exchange (the "CSE"). The Shares will commence trading on the CSE under the symbol "MAGA" at market open on September 30, 2026. All dollar amounts in this news release are in Canadian dollars unless otherwise indicated.

"Completing this transaction and listing on the CSE is an important milestone for Tungsten Eagle. With the Concurrent Financing closed, we are funded to begin work at Liberty Ridge, and our immediate focus is on permitting and the first phase of exploration on the property. I would like to thank our shareholders for their support through the transaction, and I welcome our new shareholders," said Fiona Keating, Chief Executive Officer of the Company.

Share Consolidation and Name Change

Effective September 29, 2026, the Company consolidated its Shares on the basis of one (1) post-consolidation Share for every two (2) pre-consolidation Shares (the "Consolidation") and changed its name from "Patriot Resources Corp." to "Tungsten Eagle Development Corp." (the "Name Change"). The Consolidation reduced the number of issued and outstanding Shares from 86,226,758 to 43,113,419 Shares, before giving effect to the Transaction and the Concurrent Financing (as defined below).

The new CUSIP number for the Shares is 899741102 and the new ISIN is CA8997411027. Registered shareholders holding certificated shares will receive a letter of transmittal from Odyssey Trust Company, the Company's transfer agent, with instructions for exchanging their existing share certificates. Shareholders who hold their Shares by DRS or through a broker or other intermediary do not need to take any action.

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