Inflection Resources Provides Drilling Update in New South Wales

Vancouver, British Columbia — May 13, 2026 — Leads & Copy — Inflection Resources Ltd. is providing an update on its ongoing drilling program in New South Wales, Australia, under an Exploration Agreement with AngloGold Ashanti Australia Limited.

The company (CSE: AUCU / OTCQB: AUCUF / FSE: 5VJ) reports that air core drilling is underway at the Trangie project, part of an Exploration Agreement with AngloGold Ashanti that was announced on January 19, 2026.

To date, 37 drill holes totaling 7,130 meters have been completed at Trangie, following up on previous porphyry gold-copper mineralization. Assays are pending from the laboratory. Internal studies using portable pXRF analytical methods are highlighting known mineralization areas and several previously unknown areas of interest.

AngloGold Ashanti has notified Inflection Resources that it will withdraw Duck Creek and Crooked Creek as Designated Projects under the Earn-in Agreement, leaving Inflection with 100% ownership of both projects. AngloGold Ashanti will focus exploration on the Trangie and Nyngan Designated Projects.

Inflection’s President and CEO Alistair Waddell stated the company is pleased with the progress of the Air Core drilling program at Trangie. Waddell noted that Air Core drilling is proving to be a cost-efficient method for systematically testing the target area, improving geological understanding, and identifying new zones. Preliminary field observations and pXRF work are encouraging, and the company looks forward to integrating these results with the Trangie dataset to refine targets within the gold-copper porphyry district.

Approximately 83 Air Core drill holes are in progress at the Trangie project, focused on areas near hole TRNDH023, which returned 54.37 meters grading 0.37 g/t gold, and the zone around hole TRNDH032, where 3 meters graded 7.72 g/t gold.

Following the identification of multiple areas of interest using mud rotary drilling with diamond core tails, Inflection decided to complete grid drilling over an area of approximately 15 square kilometers on approximately 250-meter centers using Air Core drilling. This aims to infill areas with limited or no data.

The first-pass Air Core drilling dataset is effectively mapping discrete zones of alteration and mineralization across the district, with several areas of previously unknown mineralization identified by hand-held pXRF analysis. While the company uses pXRF only as a tool to quickly vector drill hole planning, the preliminary results are encouraging while assay results are pending.

Air Core drilling is a fast, cost-effective technique for collecting lithological and geochemical data from the prospective Ordovician basement sequence, providing vectors for deeper drilling. The process uses compressed air instead of drilling fluids to remove rock cuttings, creating a continuous stream of bedrock material for geologists to analyze, mapping lithology, mineralization, and alteration.

Inflection Resources will use its technical expertise from other gold-copper systems in New South Wales to analyze and interpret the data.

AngloGold Ashanti will retain no interest in the Duck Creek and Crooked Creek projects, which are 100% owned by Inflection.

Under the terms of the ongoing AngloGold Ashanti Earn-in Agreement for the Trangie and Nyngan Designated Projects, AngloGold Ashanti can earn an initial 51% interest in the Trangie and Nyngan Designated Projects by sole funding expenditures of AUD$7,000,000 on each project within 36 months. If AngloGold Ashanti does not complete the Phase II earn-in expenditure, Inflection will retain 100% ownership of the project.

Upon completion of Phase II, AngloGold Ashanti may elect to earn an additional 14% interest in each Designated Project (for a total 65% interest) by sole funding additional expenditures of AUD$20,000,000 on each Designated Project within 24 months. If Phase III is initiated but not completed, its ownership interest will revert to 49%, which Inflection retains the right to purchase.

Upon completion of Phase III, AngloGold Ashanti retains the right to earn a further 10% interest in each Designated Project (bringing its potential ownership interest to 75%) by delivering to Inflection a Pre-Feasibility Study in accordance with the CIM Definition Standards on Mineral Resources and Ore Reserves, based on a minimum of 2,000,000 ounces of gold or gold-copper equivalent Measured and Indicated resources within 36 months after AngloGold Ashanti provides notice to move to Phase IV; and Granting to Inflection a 2% net smelter return (“NSR”) royalty on the applicable Designated Project; provided, however, that if the Designated Project has any existing underlying royalties, Inflection will be granted a 1% NSR royalty. AngloGold Ashanti will have the right to buy back 0.5% of any 2% NSR royalty and 0.25% of any 1% NSR royalty for all or a portion of the respective Designated Project for fair value at any time.

Inflection Resources is exploring for large copper-gold and gold deposits in the northern interpreted extension of the Macquarie Arc in New South Wales.

Inflection Resources has elected to move to semi-annual financial reporting (“SAR”). The decision to transition to SAR will enable the Company to focus on core exploration activities while reducing certain overhead costs.

The Company will not file an interim report for the first quarter (Q1) ending December 31 or the third quarter (Q3) ending June 30.

The Company will continue to file audited financial statements (due within 120 days of September 30) and six-month interim financial reports (due within 60 days of March 31).

The scientific and technical information has been reviewed and approved by Mr. Carl Swensson (FAusIMM), a “Qualified Person”.

Inflection is a gold-copper focused mineral exploration company listed on the Canadian Securities Exchange under the symbol “AUCU”, on the OTCQB under the symbol “AUCUF” and on the Frankfurt Stock Exchange under the symbol “5VJ”, with projects in New South Wales and the Northern Territory, Australia.

Inflection is part of the NewQuest Capital Group.

Source: Inflection Resources Ltd.