Inflection Resources Awarded AUD$300,000 in Exploration Grants from the Northern Territory Government

About this update from Inflection Resources Ltd.

Vancouver, British Columbia – TheNewswire - June 11, 2026: Inflection Resources Ltd. (CSE: AUCU) (OTCQB: AUCUF) (FSE: 5VJ) ("Inflection" or the "Company") is pleased to announce that its wholly-owned Australian subsidiary has been awarded three exploration grants totalling AUD$300,000 by the Northern Territory Government's Geophysics and Drilling Collaborations ("GDC") Program.  The grants will be applied to planned exploration drilling and geophysical surveys on the Company’s 100%-owned Endurance Project in Australia’s Northern Territory. Summary Highlights: The Company has been awarded three Northern Territory Government GDC grants totalling AUD$300,000 to advance exploration at the Company's Endurance Project in the Northern Territory, where it is exploring for large Iron Oxide Copper Gold (‘IOCG’) deposits;  AUD$140,000 was awarded for drilling of the Flashlight Target (E10), a compelling coincident magnetic and gravity anomaly with associated chargeability features interpreted to represent a potential concealed IOCG system;  AUD$80,000 was awarded for an induced polarisation and magnetotelluric (IP-MT) geophysical program over the Bigeye and Barreleye Targets (E1 and E2) to better define conductivity and chargeability anomalies beneath cover;  AUD$80,000 was awarded for drilling of the Bigeye and Barreleye Targets (E1-E2) following completion of a planned IP-MT geophysical survey.  These targets comprise large coincident magnetic and gravity anomalies considered prospective for IOCG-style mineralisation; and  The Company expects field activities associated with the grants to commence during the 2026 Northern Territory field season, subject to final grant documentation and contractor availability.  All aboriginal clearances, pastoralist agreements and government permits to drill are now in place.  Alistair Waddell, Chief Executive Officer of Inflection Resources, states: “We are very pleased to receive this strong endorsement from the Northern Territory Government through the award of three GDC grants.  The Government’s continued support for innovative, technically driven exploration is helping unlock the significant mineral potential of this region.  We are particularly excited to advance the Flashlight, Bigeye and Barreleye targets, each of which represents a compelling concealed IOCG opportunity and...

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