2026 Exploration Program Drilling Confirms and Expands Broad, Near-Surface Nickel-Copper Mineralization with By-Product Precious Metals

(TSXV:SME, OTCID:SAMMF) Sama Resources Inc., together with joint venture partner Ivanhoe Electric Inc. (TSX:IE), announced further assay results from the 2026 Exploration Program at the Samapleu-Grata Nickel-Copper Project in Côte d'Ivoire, West Africa. The Project is a 60/40 joint venture between Ivanhoe Electric and Sama, with Sama as operator. Ivanhoe Electric also owns 22.7% of Sama's common shares. The 2026 Exploration Program included 4,510 m of drilling in 32 holes: 26 at the Yepleu Prospect, five regional exploration holes, and one at Samapleu Extension (results pending). A ground gravity survey was also completed over priority electromagnetic targets. Initial assay results from the Zoupleu Prospect were announced on July 13, 2026. At Yepleu, 2,071 m were drilled in 26 holes to support an initial mineral resource estimate focused on near-surface, polymetallic, bulk-tonnage-type mineralization. Assay results for 14 of the 26 holes are presented, with results from the remaining holes pending. Highlighted 2026 Yepleu drill intersections include: S-371 intersected 36.15 m grading 1.04% CuEq or 0.88% NiEq (0.40% Ni, 0.24% Cu, 0.02% Co, 0.43 g/t Pd, 0.21 g/t Pt, 0.23 g/t Au) from 11.00 m depth, including 2.10 m grading 2.92% CuEq or 2.48% NiEq (1.44% Ni, 0.99% Cu, 0.06% Co, 0.23 g/t Pd, 0.04 g/t Pt, 0.08 g/t Au) from 36.85 m; S-361 intersected 56.60 m grading 0.57% CuEq or 0.48% NiEq (0.25% Ni, 0.14% Cu, 0.01% Co, 0.19 g/t Pd, 0.09 g/t Pt, 0.08 g/t Au) from 11.15 m depth, including 1.45 m grading 1.98% CuEq or 1.68% NiEq (1.02% Ni, 0.53% Cu, 0.05% Co, 0.53 g/t Pd, 0.04 g/t Pt, 0.04 g/t Au) from 36.40 m; S-369 intersected 39.50 m grading 0.54% CuEq or 0.46% NiEq (0.29% Ni, 0.12% Cu, 0.01% Co, 0.12 g/t Pd, 0.06 g/t Pt, 0.02 g/t Au) from 15.00 m depth, including 3.65 m grading 0.95% CuEq or 0.81% NiEq (0.51% Ni, 0.21% Cu, 0.02% Co, 0.26 g/t Pd, 0.12 g/t Pt, 0.02 g/t Au) from 15.00 m; S-370 intersected 38.70 m grading 0.54% CuEq or 0.46% NiEq (0.28% Ni, 0.14% Cu, 0.01% Co, 0.06 g/t Pd, 0.02 g/t Pt, 0.03 g/t Au) from 12.50 m depth. The 26-hole program was designed to improve drill coverage in the southeastern portion of Yepleu and test a mineralized trend extending more than 500 m toward the southeast. BBA International Inc. has been engaged to prepare an initial mineral resource estimate for Yepleu and updated estimates for the existing mineral resources underpinning the 2024 PEA, expected to incorporate additional drilling and revised commodity-price assumptions. Long-term consensus commodity US$ pricing as of October 2026 is: Ni Price of $8.41/lb, Cu Price of $4.98/lb, Co Price of $19.87/lb, Pd Price of $1,228/oz, Pt Price of $1,530.00/oz, and Au Price of $3,568/oz. Metal recoveries from the 2024 PEA are: Ni Recovery of 60%, Cu Recovery of 86%, Co Recovery of 45%, Pd Recovery of 50%, Pt Recovery of 54%, and Au Recovery of 51%. The technical information in this release has been reviewed and approved by Dr. Marc-Antoine Audet, President and CEO of Sama Resources. The 2024 PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Additional trenching and/or drilling will be required to convert Inferred Mineral Resources to Indicated or Measured Mineral Resources. Ivanhoe Electric also operates a 50/50 joint venture with Saudi Arabian Mining Company (Maaden) to explore for minerals on approximately 50,000 km2 of the Arabian Shield in Saudi Arabia. In 2026, Ivanhoe Electric entered into a Typhoon™ driven Mineral Exploration and Collaboration Agreement with Sociedad Química y Minera de Chile (SQM) in Chile to explore 2,002 km2 of mining concessions for new copper deposits.

Ivanhoe Electric Receives Preliminary Project Letter from the Export-Import Bank of the United States for $1.1 Billion in Potential Debt Financing for the Santa Cruz Copper Project

(TSX:IE) Ivanhoe Electric has received a Preliminary Project Letter ("PPL") from the Export-Import Bank of the United States ("US EXIM") for potential debt financing of $1.1 billion to support development of Ivanhoe Electric's advanced-stage Santa Cruz Copper Project in Arizona. The PPL is an increase from US EXIM's original $825 million of potential funding support stated in its April 2025 Letter of Interest. The PPL marks the completion of US EXIM's preliminary due diligence on the Santa Cruz Copper Project and is a key step in US EXIM's financing process that commenced with the April 2025 Letter of Interest. Ivanhoe Electric applied for debt funding under US EXIM's Make More in America Initiative, which supports qualifying domestic projects to expand U.S. production capacity and strengthen critical domestic supply chains. The Company is anticipating final US EXIM Board consideration during the spring of 2027. Ivanhoe Electric expects to complete the updated Preliminary Feasibility Study for the Santa Cruz Copper Project in September 2026. The updated study will incorporate the plans for underground mine access using the Robbins Crossover XRE tunnel boring machine, manufactured by The Robbins Company of Solon, Ohio, and associated material handling system.

Ivanhoe Electric Announces Promotion of Alex Neufeld to Senior Vice President, Exploration

(TSX:IE) Ivanhoe Electric Inc. announced that Alex Neufeld has been promoted to Senior Vice President of Exploration, effective August 1, 2026. Alex Neufeld joined Ivanhoe Electric in 2023 after a career at Anglo American and has led projects in the United States, including expanding domestic exploration activities. The company is conducting an active drill program at the Gleeson copper-gold project in southeastern Arizona and continuing exploration at the Hog Heaven project in Montana. Ivanhoe Electric operates a 50/50 Joint Venture with Maaden in Saudi Arabia, advancing Typhoon™ geophysical surveys and drilling programs, and is preparing for initial Typhoon™ surveys in northern Chile through a collaboration with SQM. The company also has an exploration alliance with BHP in the United States. Management projects continued drilling at the Gleeson and Hog Heaven Projects, continued Typhoon™ survey programs and drilling in Saudi Arabia, continued exploration activities in the United States through the BHP alliance, and preparation for Typhoon™ surveys in northern Chile.