Labrador Resources Inc. Transitions to Semi-Annual Reporting Under Regulatory Pilot Program

Calgary, Alberta — July 16, 2026 — Leads & Copy — Labrador Resources Inc. has elected to transition to semi-annual reporting by relying on Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers. This pilot program, initiated by Canadian securities regulators, allows eligible venture issuers to voluntarily shift from quarterly to semi-annual financial reporting.

The Corporation's fiscal year concludes on October 31. Under the new SAR pilot program, Labrador Resources Inc. will be exempt from filing interim financial reports and associated management discussion and analysis (MD&A) for its first and third quarters. Consequently, the Corporation will not file interim financial statements or related MD&A for the nine-month period ending July 31, 2026, nor for any subsequent periods ending January 31 and July 31.

Labrador Resources Inc. will continue to submit audited annual financial statements, which are due within 120 days of October 31. Additionally, six-month interim financial reports and their related MD&A will still be filed, due within 60 days of April 30. The Corporation has affirmed its commitment to timely disclosure and will continue to report all material changes and significant developments in compliance with National Instrument 51-102 Continuous Disclosure Obligations.

The Corporation has confirmed that it meets the eligibility criteria for the Blanket Order. Labrador Resources Inc. has determined that participating in the SAR pilot program will alleviate the administrative and financial burden associated with quarterly reporting, aligning with the objectives of the Blanket Order. This news release is being filed in accordance with Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.

About the Corporation: Labrador Resources Inc. is a capital pool company that has not commenced commercial operations and possesses no assets other than cash. In accordance with the TSX Venture Exchange Inc.'s CPC policy, until the completion of its qualifying transaction, the Corporation will not engage in business activities beyond identifying and evaluating businesses or assets for a proposed qualifying transaction.

Source: Labrador Resources Inc.