Blast Resources Announces Exploration Results at its Flagship Wales Lake Project in the Athabasca Basin Region, Saskatchewan

About this update from Blast Resources Inc.

Key Highlights: VANCOUVER, BC, July 3, 2026 /CNW/ - Blast Resources Inc. ("Blast" or the "Company") (CSE: BLST) (FRA: O0E) (OTCQB: BLSRF) is pleased to summarize results of exploration programs ly completed on 3 groups of claims in the southwestern Athabasca Basin region, northern Saskatchewan. Casey Forward, Chief Executive Officer & Director of the Company, commented, "We are very excited to announce the results of our exploration program at the Wales Lake Uranium Project. Having identified five targets for further exploration through a high resolution airborne magnetic survey, we have clear direction on which areas of the Project we should evaluate next. Looking ahead, we're eager to further value for our shareholders as we continue to drive exploration advancement at the Project." In December 2024, a high resolution airborne magnetic survey was flown over the Britt Lake, the Brazier South and North Agar claims collectively referred to as the "Wales Lake Project". Five targets are selected for further investigation, based on magnetic lineaments and regional uranium/thorium anomalies. There are two structural trends, oriented NNW-SSE and NW-SE identified in the project area, likely representing the main tectonic fabric of the Taltson Domain locally. On a regional scale, folding in the Taltson is along a NE-SW axis, identified by magnetic stratigraphic markers. The Wales Lake project is apparently at the closure of a regional fold axis which trends NE-SW. The two major structural elements are noteworthy: a structural corridor, oriented NNW-SSE which disrupts the magnetic stratigraphy and is magnetite-destructive, possibly indicative of alteration; and a tectonic break, oriented NW-SE which appears to be a boundary between basement lithologies. The geological exploration model is designed to test conductors and primarily fault-controlled basement-hosted mineralization such as Rabbit Lake (Eldorado), and Arrow (NexGen Energy) and Triple R (Paladin) occurrences that are hosted in the Taltson Domain. Qualified Person Statement The scientific and technical information contained in this news release was prepared and approved by Locke Goldsmith, M.Sc., P.Eng., P. Geo., and who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

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