Eureka Metals Advances Tyee Exploration with High-Resolution Airborne Geophysical Survey

About this update from Eureka Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - July 8, 2026) - Eureka Metals Corp. (CSE: ERKA) (OTCQB: UREKF) (FSE: S580) ("Eureka" or the "Company") is pleased to announce that a high-resolution airborne magnetic-electromagnetic-very low frequency ("Mag-EM-VLF") geophysical survey is underway at its wholly owned Tyee Titanium Project (the "Project") in eastern Québec. The survey represents the next phase of the Company's 2026 exploration program and follows the recent identification of six new massive ilmenite occurrences across multiple sectors of the Project. The approximately 2,300 line-kilometre program is now substantially complete and is being conducted by Novatem Inc. at 50-metre line spacing to collect a modern, high-resolution geophysical dataset across priority exploration corridors. The results will be integrated with this season's prospecting program and historical exploration data to refine the Company's geological model and prioritize follow-up exploration. Together with the Company's recent field results, the survey will provide a comprehensive modern exploration dataset that is expected to significantly improve Eureka's understanding of the geological controls on titanium mineralization across the Project. Highlights "Our objective at Tyee is to systematically build the geological understanding needed to unlock the Project's full potential," said Danny Matthews, Chief Executive Officer. "Following the encouraging results from our recent prospecting campaign, this airborne survey is the logical next step in our exploration strategy. By integrating modern geophysical data with this season's field results, we expect to better understand the geological framework of the Project and continue refining the highest-priority targets for future exploration." The airborne survey is being completed by Novatem Inc. using a Guimbal G2 helicopter and comprises approximately 2,300 line kilometres of magnetic, electromagnetic and very low frequency ("VLF") surveying flown at 50-metre line spacing across priority areas of the Project. The survey is intended to improve the Company's understanding of lithological and structural trends across the Project and, when integrated with recent prospecting results and historical exploration data, refine its geological model and prioritize future exploration targets.

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