Kootenay Resources Announces Sale of the Two Times Fred Property

About this update from Kootenay Resources, Inc.

Kootenay Resources Announces Sale of the Two Times Fred PropertyVANCOUVER, BC / ACCESS Newswire / February 10, 2026 / Kootenay Resources Inc. (TSXV:KTRI) ("Kootenay" or the "Company") is pleased to announce that it has sold its 100% interest in the mining claims known as the Two Times Fred Property located in British Columbia (the "Property") to a subsidiary of Evolution Mining Limited ("Evolution") in consideration for the cash payment of CAD$1,000,000 to the Company and a 2.0% net smelter returns royalty on the Property granted to the Company (the "Kootenay NSR") pursuant to the terms of the mineral claims purchase agreement dated February 6, 2026, (the "Purchase Agreement") between the Company and Evolution.The Company and Evolution have also concurrently entered into a net smelter returns royalty agreement for Evolution to grant the Kootenay NSR to the Company. Up to the commencement of commercial production on the Property, the Company granted Evolution the option to purchase one-half of the Kootenay NSR for the cash payment of CAD$3,000,000 to the Company (the "Buy-Down Option"). If Evolution exercises the Buy-Down Option, the Company will fully exercise the option to acquire and extinguish a pre-existing third-party underlying 2% net smelter returns royalty on the Property (the "Underlying NSR"), and thereafter the Kootenay NSR will be a 1.0% net smelter returns royalty on the Property payable to the Company. If Evolution does not exercise the Buy-Down Option, the Company may acquire the Underlying NSR, or Evolution will be required to pay any royalty payments owing under the Underlying NSR, which will reduce royalty payments owing to the Company under the Kootenay NSR.Evolution is at arm's length to Kootenay.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.About Kootenay Resources Inc.Kootenay is an exploration company actively engaged in the exploration and discovery mineral projects in British Columbia, Canada. The Company was formed as a spin-out of Kootenay Silver Inc. in which prospective Canadian assets were transferred to Kootenay Resources Inc. The transaction was completed in October of 2021; Kootenay Silver currently holds 5.4 million common shares of Kootenay.On behalf of the board of...

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