Vancouver, BC – TheNewswire - February 6, 2026 – Vanguard Mining Corp. ("Vanguard" or the "Company") (UUU: CSE |UUUFF: OTCID | SL51: Frankfurt) is pleased to announce that it has received its final set of Environmental Licences, bringing the total to four Environmental Licences, from Paraguay’s Ministerio del Ambiente y Desarrollo Sostenible ("MADES") as part of the regulatory advancement of the Company’s 90,000-hectare Yuty Prometeo–San Jose Uranium Project in southeastern Paraguay.

In parallel with the receipt of these licences, Vanguard has applied for its Prospection Permit with Paraguay’s Vice Ministry of Mining and Energy ("VMME"), a critical step toward full-scale uranium exploration authorization across the project area. “The Environmental Licences now cover the entirety of Vanguard’s land position at Yuty Prometeo–San Jose and represent the final environmental approvals required for the project, with no additional environmental licences outstanding. This positions the Company at an advanced stage of the Paraguayan permitting process.

This regulatory milestone comes as Paraguay’s role in global critical-mineral supply chains gains visibility, underscored by its recent participation alongside the United States at a high-level ministerial summit in Washington, D.C., hosted by the U.S. Department of State. The February 4 meeting focused on technical cooperation, strategic investment, and supply-chain alignment for critical minerals, including uranium, lithium, and rare earth elements. Deputy Minister of Mines and Energy Mauricio Bejarano said surging global demand has firmly placed Paraguay on the radar of international partners.

Vanguard believes this alignment reinforces the strategic relevance of its uranium portfolio as the United States and its allies accelerate efforts to secure diversified, transparent, and geopolitically stable sources of nuclear fuel and other critical materials essential to energy security, advanced technologies, and national defense initiatives.

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Figure 1: Project map of the Yuty Prometeo Concessions showing regional road access, Vanguard’s San Jose and Prometeo concession boundaries, and the adjacent Uranium Energy Corp. (UEC) Yuty and Coronel Oviedo Projects.

David Greenway, Chief Executive Officer of Vanguard Mining, commented: “The receipt of our final MADES Environmental Licences marks a significant permitting milestone and further advances the Yuty Prometeo–San Jose Uranium Project toward prospection authorization. These approvals meaningfully de-risk the project and reflect continued regulatory progress in Paraguay.

As global demand for uranium and other critical minerals continues to grow, Paraguay is emerging as a stable and underexplored jurisdiction of increasing strategic relevance. Vanguard is focused on responsibly advancing high-quality uranium assets and positioning the Company to participate in the development of diversified and secure nuclear fuel supply chains.”

Notes:

Vanguard concession blocks are shown as Vanguard Mining and outlined with black-orange lines. Radiometric anomalies: Increasing intensity is shown in yellow-pink-red-violet-blue.

About the Yuty Prometeo Project

Vanguard’s four concessions, including the three San Jose and one Yuty Uno concession, collectively span approximately 90,000 hectares (222,395 acres) within the prolific Paraná Basin, one of South America’s most promising uranium regions. The project area is located adjacent to Uranium Energy Corp.’s (“UEC”) established Yuty Deposit, which hosts an Indicated resource of 8.96 million pounds of U₃O₈.1

The Yuty Prometeo consists of four (4) concessions—three (3) San Jose concessions and one (1) Prometeo concession—covering a combined area of approximately 90,000 hectares (222,395 acres) within the uranium-rich Paraná Basin in southeastern Paraguay.

The Prometeo Concession spans approximately 27,666 hectares (68,368 acres) and is directly contiguous to UEC’s Yuty Project. Historical records reference

27 drill holes on the Prometeo property, averaging 165 meters in depth. Spectral Gamma Downhole Logging of all these boreholes indicated the presence of uranium in seven of the holes -which averaged 175 m deep. Six of these seven holes reported anomalous uranium values of 0.01-0.02% U₃O₈, and the seventh hole reported strongly mineralized rock of 0.05% to 0.10% U₃O₈ throughout its 107-meter length.2

Data from previous work by the Anschutz Corporation suggest that the Prometeo block lies along geologic trend with UEC’s contiguous Transandes block.3

The San Jose Concessions encompass approximately 62,210 hectares (153,754 acres) across three adjacent claims situated along the Upper Permian–Carboniferous contact, approximately 100 km northwest of UEC’s Yuty Project and 40 km west of its Coronel Oviedo Project. A radiometric car survey conducted over a 40 km by 10 km area delineated significant uranium anomalies across the properties. Collectively, these concessions represent a strategically positioned and highly prospective uranium exploration asset within one of South America’s most promising uranium districts.

The drill results referenced in this release are historical in nature. Vanguard has not yet completed the work necessary to independently verify these results in accordance with NI 43-101 and therefore they should not be relied upon. The Company plans to complete confirmatory drilling to verify the historical information.

About UEC’s Yuty ISR Project

UEC’s adjacent Yuty ISR Project in southeastern Paraguay spans approximately 117,359 hectares (290,000 acres) and hosts an Indicated resource of 8.962 million lbs U₃O₈ (9,074,000 tons grading 0.049% U₃O₈),  and an Inferred resource of 2.203 million lbs U₃O₈ (2,733,000 tons grading 0.040% U₃O₈), as disclosed in its July 1, 2022, technical report titled “Yuty Uranium Project Initial Assessment US SEC Subpart 1300 Regulation SK Report, Paraguay SA.4 ” UEC’s Yuty project is considered amenable to low-cost, lower-impact in-situ recovery (ISR) mining method extraction UEC employs at its Texas operations.

4 Source : https://www.sec.gov/Archives/edgar/data/1334933/000143774922017351/ex_396105.htm

 

UEC secured a 100% undivided interest in the Yuty Project through its March 30, 2012, acquisition of CUE Resources Ltd.

Vanguard’s management cautions that past results or discoveries on properties in proximity to Vanguard may not necessarily be indicative of the presence of mineralization on the Company's properties.

About Paraguay

The Republic of Paraguay is an emerging mining jurisdiction in the heart of South America, bordered by Brazil, Argentina, and Bolivia. Known for its political stability, low sovereign risk, and investor-friendly regulatory environment, Paraguay offers a supportive framework for mineral exploration and development. The country has a democratic government, strong legal protections for foreign investment, and a growing interest in unlocking its untapped mineral potential, particularly in uranium, rare earth elements, and base metals. With abundant land, a relatively low population density, and improving infrastructure, Paraguay is increasingly recognized as a geopolitically stable and strategically attractive destination for mining companies seeking long-term growth opportunities.

About Vanguard Mining Corp.

Vanguard Mining Corp. is a Canadian mineral exploration company focused on the discovery and development of high-value strategic minerals. The Company is currently advancing uranium exploration projects in the United States and Paraguay, with a focus on identifying and developing assets critical to the global energy transition. Vanguard is committed to responsible exploration and value creation through the acquisition and advancement of highly prospective uranium properties.

All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, X.com, Facebook and Instagram and sign up for updates at Vanguardminingcorp.com

Qualified Person  

The scientific and technical information contained in this news release has been reviewed and approved by Lawrence Segerstrom, a consulting geologist who is a “Qualified Person” as such term is defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43- 101”).

The QP reviewed the technical content, including the figures, historical data summaries, and adjacent property information, and confirms that the data have been accurately summarized where used.

On Behalf of the Board of Directors

“David Greenway”

David Greenway, CEO

For further information, please contact:

Vanguard Mining Corp.
Brent Rusin
Phone: +1 672-533-0348
E-Mail: brent@vanguardminingcorp.com
Website: vanguardminingcorp.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes statements related to the Company’s exploration plans, permitting timelines, the potential of the Yuty Prometeo Uranium Project, anticipated benefits of obtaining the MADES Prospection Permit, future work programs, and the prospectivity of historical results. Forward-looking information is based on assumptions management believes are reasonable as of the date such statements are made, including assumptions regarding regulatory approvals, commodity prices, exploration outcomes, and general economic conditions.

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding Vanguard’s intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Vanguard will obtain from them. These forward-looking statements reflect managements’ current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including Vanguard’s results of exploration or review of properties that Vanguard does acquire. These forward-looking statements are made as of the date of this news release and Vanguard assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.

Risks that may cause actual results to differ materially include delays or failure to obtain required permits, the inability to verify or replicate historical exploration results, the possibility that adjacent property mineralization may not extend onto Company concessions, changes in regulatory conditions in Paraguay, and uncertainties inherent in early-stage exploration.

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1 Source : https://www.uraniumenergy.com/news/releases/index.php?content_id=910

2 Source: Unpublished Report - Data from wells drilled by Anschutz Co. in the Prometeo Block

3 Source: Unpublished Report - Anschutz exploration well profiling and logging files, Prometeo Block