Corcel Exploration Commences Drill Program at Yuma King Project

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Vancouver, British Columbia--(Newsfile Corp. - March 25, 2026) - Corcel Exploration Inc. (CSE: CRCL) (OTCQB: CRLEF) (the "Company" or "Corcel") today announced the commencement of its initial drill program at the Yuma King Project (the "Project") in Arizona, alongside the successful completion of an induced polarization ("IP") geophysical survey over the Yuma King West and Yuma King Mine targets. Interpretation of the IP data is currently underway. "The initiation of drilling marks a significant and exciting step for Corcel as the Company advances Yuma King systematically through surface exploration and geophysics into systematic drill testing of a large-scale copper-gold system," commented CEO Jon Ward. Drilling at Yuma King Drilling is now underway at the Project, following completion of site preparation and drill pad construction. The fully permitted Phase 1 program is expected to comprise of approximately 1,500 metres of diamond drilling across 6-8 drill sites, targeting zones of known mineralization and step-out targets supported by integration of exploration datasets (see News Release of 15 October, 2025). Drilling is focused on the Yuma King Mine area and surrounding targets, where historical work and recent programs indicate the presence of both copper-gold skarn mineralization and a broader porphyry system. The system remains open along strike, at depth, and across multiple target corridors. Figure 1: Active drilling underway at the Yuma King Project, Arizona To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8415/289848_3e3ea3fec42ab866_001full.jpg Program Objectives The 2026 drill campaign has been designed with a clear set of technical objectives: The program represents a critical step in determining the scale and continuity of mineralization across the broader Yuma King system. IP Survey Completed Corcel has also successfully completed a 10 line-kilometre 2D pole-dipole IP survey covering priority target areas at Yuma King Mine and Yuma King West). The survey was designed to: Data processing is currently underway, with results expected to be integrated into ongoing drill targeting. Qualified Person as defined under National Instrument 43-101 Roy Greig, Ph.D., P.Geo, a Qualified Person ("QP") as defined in National Instrument 43-101 Standar...

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