Makenita Resources Expands Sisson West Tungsten Land Holdings Over Twofold in New Brunswick

Strategic Land Expansion Along Established Structural Trend

Makenita's substantial land acquisition at Sisson West marks a strategic advancement in tungsten exploration. The newly acquired claims are contiguous with the existing project area and directly border the Sisson Tungsten Mine operated by Northcliff Resources Ltd. The expansion targets additional strike length along a favorable southwest-northeast structural corridor identified through recent Magnetic Vector Inversion analysis of airborne geophysical data.

This acquisition follows the company's July 20, 2026, identification of a well-defined magnetic high and drill-ready target on the original property. Expanding the claim area enables Makenita to explore a significantly larger contiguous land package. The company has compiled and assessed airborne and regional historical data and is currently developing a drill program for the expanded property.

Airborne Magnetic Survey Confirms Exploration Opportunity

The decision to expand was guided by results from the 2026 airborne magnetic survey over the Sisson West project. The survey revealed a distinct magnetic high anomaly extending southward from the Sisson deposit along the eastern edge of the Howards Peak granite structure. This geophysical signature underpinned management’s choice to substantially increase the claim position.

Airborne magnetic surveys are a key early-stage exploration tool used to detect subsurface magnetic anomalies potentially linked to mineralization. The magnetic high’s continuity from the known Sisson deposit suggests geological structures favorable for tungsten mineralization persist in the area. Makenita’s acquisition of adjacent claims to explore this feature reflects confidence in the geophysical interpretation and exploration model.

Adjacent to Federally Designated Nation-Building Sisson Tungsten Mine

A significant contextual factor is the Canadian federal government’s designation of the neighboring Sisson Tungsten Mine as a nation-building project. Prime Minister Mark Carney announced this status in November 2025, highlighting tungsten’s strategic importance to Canada’s economy and supply chain resilience.

Makenita’s expanded Sisson West project directly borders the Sisson mine, offering potential geographic and geological advantages for exploration. Jason Gigliotti, President of Makenita Resources, stated: "More than doubling our land position directly against the Sisson deposit, at a time when Sisson has been named a nation-building project by the federal government, speaks to the strategic value of this ground." Proximity to an operating tungsten mine may provide valuable insights into local geology and mineralization styles relevant to Makenita’s targets.

Land Package Growth Via Staking Method

The company increased its land holdings by staking additional mineral claims, a standard low-cost method to secure exploration rights on unclaimed crown land by registering claim boundaries with provincial authorities. This approach is typically more cost-effective than purchasing claims or entering joint ventures.

The expanded Sisson West property now totals 22,665 contiguous acres, more than doubling the original 9,845-acre footprint. The contiguous nature of the claims enhances integrated exploration across a larger area, allowing the company to investigate the structural trend over a much longer strike length than previously possible.

Diverse Project Portfolio and Capital Structure

Makenita Resources manages a portfolio of exploration projects across Canada targeting various commodities. Besides the Sisson West Tungsten Project in New Brunswick, the company holds the Serpentinization Iron-Magnetite Project (~102,110 contiguous acres) in Saskatchewan bordering Max Power Mining Corp., the NTX Rare Earth Project (~9,000 acres) in Quebec, and the Hector Project (~5,542 acres) near Cobalt, Ontario, prospective for cobalt, silver, and diamonds.

The company has a tight capital structure with just over 35 million shares outstanding. Management believes this structure offers "meaningful leverage to exploration success" during 2026’s active programs. A limited share count relative to assets is often seen as favorable for potential per-share value growth if exploration yields positive results.

Qualified Person Review and Technical Oversight

Alan King, PGeo, an independent qualified person as defined by National Instrument 43-101, reviewed and approved the technical content of the announcement. This regulatory standard governs disclosure of mineral projects for Canadian public companies, ensuring professional oversight of geophysical interpretations, exploration methods, and project descriptions.

Mr. King’s involvement provides assurance that the technical information is credible and has been evaluated by a qualified geoscientist independent of company management.

Upcoming Exploration and Drill Program Planning

Makenita is currently developing a drill program for the expanded Sisson West property, marking a transition from surface and geophysical work to subsurface testing of identified targets. Specific details on timing, drill locations, or target zones have not yet been disclosed.

The enlarged land position allows the company to test the full extent of the magnetic anomaly and related structural features identified in the airborne survey, enabling flexible drill planning across multiple geophysical targets.

Exploration Risks and Management Disclaimer

Management cautions that "past results or discoveries on properties in proximity to Makenita may not necessarily be indicative of the presence of mineralization on the Company's properties." While adjacency to the Sisson Tungsten Mine operated by Northcliff Resources Ltd. suggests geological potential, mineralization is not guaranteed on Makenita’s claims.

Mineral exploration is speculative and involves significant uncertainty. Early-stage geophysical anomalies and planned drilling do not ensure economic mineral deposits. Investors should be aware that results may differ from expectations and that no mineralization may be found.

Forward-Looking Statements and Investor Guidance

The announcement includes forward-looking statements regarding exploration plans, anticipated 2026 activities, and benefits of the expanded land base. Such statements use terms like "will," "may," "should," "anticipate," and "expects," and actual outcomes could differ materially due to various risks and assumptions.

Investors should carefully consider the inherent risks in mineral exploration. The company’s share price and investment returns depend on exploration success, which is subject to geological, technical, regulatory, and market uncertainties. The immediate impact on share price was not publicly available. Prospective investors are advised to review full company disclosures and consult qualified financial advisors before investing.