Eureka Advances Cabin Lake Toward Drill Targeting with Q3 IP Survey Clearance

About this update from Eureka Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - June 30, 2026) - Eureka Metals Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) ("Eureka" or the "Company") is pleased to provide an exploration update on its 100%-optioned Cabin Lake Silver-Lead-Zinc-Gold Project (the "Project") located in central British Columbia, as the Company continues to advance the Project toward drill target generation. Despite nearly six decades of intermittent exploration, Cabin Lake remains significantly underexplored using modern exploration methods. Historical exploration has identified multiple zones of high-grade silver-polymetallic mineralization across the property, including the West, Central, East and Bluff zones. The Company has received confirmation from the British Columbia Ministry of Mining and Critical Minerals that its planned induced polarization ("IP") geophysical survey at Cabin Lake is exempt from the requirement to hold a Mines Act permit, clearing the way for the survey to proceed following completion of the Company's upcoming mapping program. Highlights Danny Matthews, Chief Executive Officer of Eureka, commented: "Cabin Lake is entering what we believe is one of the most important phases in the Project's history. With mapping set to begin next week and the IP survey now cleared to proceed, Eureka is advancing toward drill target generation across a highly prospective silver-polymetallic system with significant discovery potential." Figure 1. Planned induced polarization (IP) survey areas at the Cabin Lake Project. The survey is designed to test priority target corridors and assist in identifying chargeability anomalies associated with potential sulphide mineralization. To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9639/303388_ed879b3314d5aa1e_001full.jpg 2026 Exploration Program Eureka's 2026 exploration program is designed to advance Cabin Lake toward modern drill testing through a staged exploration approach focused on target refinement and risk reduction. The next phase of fieldwork will consist of a geological mapping and prospecting program scheduled to run from July 3 to July 14, 2026, led by Archer, Cathro & Associates (1981) Limited. The program will focus on geological mapping, prospecting and refinement of priority target corridors across the property.

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