VANCOUVER, BRITISH COLUMBIA – February 24, 2026 – TheNewswire - Bighorn Metals Corp. (“Bighorn Metals” or the “Company”), a reporting issuer in British Columbia, is pleased to announce that it has closed a non-brokered private placement (the “Offering”) and a settlement of indebtedness (the “Debt Settlement”).

 

The Offering consisted of the issuance of 8,000,000 units (each, a “Unit”) of the Company at a price of $0.05 per Unit, for aggregate proceeds of $400,000. Each Unit is comprised of one common share in the capital of the Company (each, a “Common Share”) and one transferable common share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to acquire one additional Common Share of the Company at a price of $0.10 for a period of four (4) years from the closing date of the Offering.

 

The net proceeds from the Offering will be used for general working capital purposes. No finder’s fees were paid in connection with the Offering.

 

In connection with the Debt Settlement, the Company issued 1,500,000 Units at a deemed price of $0.05 per Unit to settle outstanding debts in the aggregate amount of $75,000 owing to an arm’s-length creditor for unpaid invoices. The Units issued pursuant to the Debt Settlement are subject to the same terms and conditions as the Units issued under the Offering.

 

All securities issued in connection with the Offering and Debt Settlement are subject to a statutory hold period of four (4) months and one (1) day from the applicable closing date, in accordance with applicable Canadian securities laws.

 

The securities referred to in this news release have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements. "United States" and "U.S. person" have the respective meanings assigned in Regulation S under the U.S Securities Act.

 

About Bighorn Metals Corp.

 

The Company holds an option to acquire the Loljuh Property, which is located in the Omineca Mining Division of British Columbia.  The Property consists of one claim covering a surface of 1,656.73 hectares in the Omineca Mining Division of Central British Columbia, Canada, 40 km south of the community of Smithers or 29 km west of the community of Houston. The property is prospective for porphyry copper-gold mineralization.

 

Geochemical work conducted in 2019 outlined several areas of anomalous gold and copper in soil.  These surveys were widespread with lines 400 meters apart and samples taken on 200-meter centers. Rock sampling in 2019 also returned anomalous values of copper and gold from several sites within the plateau area.  The aeromagnetic survey outlined several areas of alteration.

 

The Company has recently completed work on the property that consisted of ground mapping, geological prospecting and sampling, a 50 x 50-meter grid placed over the entire plateau area, a 25 x 50-meter grid placed over the Loljuh area, and a 25 x 25-meter grid placed over the Bornite Zone.

  

On behalf of the Board of Directors of:

Bighorn Metals Corp.

 

“Kosta Tsoutsis”

 

Kosta Tsoutsis

Chief Executive Officer

Phone: (604) 687-2038

 

This news release contains "forward-looking statements" in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking information in this release includes, but is not limited to, statements regarding the intended use of proceeds from the Offering, the Company’s business plans and strategy, and expectations regarding its future operations and financial condition.

These forward-looking statements are subject to a number of known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, but are not limited to: the risk that the Company may not be able to deploy the proceeds of the Offering as currently intended; ongoing financial and operational risks facing the Company; changes in market, economic, and business conditions; changes in economic or market conditions; fluctuations in commodity prices; and general exploration risks associated with early-stage mineral properties.

Forward-looking statements are based on a number of assumptions which may prove to be incorrect, including assumptions regarding: the Company’s ability to raise sufficient capital to fund its obligations under the Option Agreement (as amended), make use of the Facility, and conduct planned exploration activities; the reliability of historical information; and the Company’s current and future exploration and corporate plans and objectives.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law. For further information on risks and uncertainties, investors are advised to review the Company’s MD&A and other continuous disclosure filings available under the Company’s profile at www.sedarplus.ca.