Stuve Gold to Acquire Las Animas Property in Chile

CALGARY, ALBERTA — February 11, 2026 — Leads & Copy — Stuve Gold Corp. (TSXV: STUV) has agreed to acquire the Las Animas property in Chile for CAD $800,000.

The Las Animas property is a 3,100-hectare area located in Chile’s IOGC belt near the Monto Verde open pit copper mine. Stuve Gold will acquire the property from Compania Minera Cobalto Chile Limitada (“Cobalto Chile”).

According to the agreement, Stuve Gold will pay for the acquisition via the issuance of 3,333,333 common shares at a deemed price of $0.24 per share. No warrants will be issued, and no “control person” will be created as a result of the share issuance. The shares will be restricted from transfer for four months and one day following the acquisition's closing, which is subject to TSX Venture Exchange approval.

The Las Animas property is located approximately 725 kilometers north of Santiago and is within the historic Las Animas high-grade oxide copper-gold mining district. It’s accessible from the coastal city of Chañaral, 25 kilometers to the northwest.

The property consists of 15 exploration concessions totaling 3,100 hectares, 100% owned and free of royalties or other encumbrances.

The property covers a 10-kilometer stretch of the Atacama Fault System, 12 kilometers northwest of Capstone Copper’s Manto Verde open pit copper mine. The Manto Verde mine had reported measured and indicated resources exceeding 594 MT with grades ranging from 0.35 to 0.57% Cu, 0.09 to 0.1 g/t Au, and 85 to 175 ppm Co after 28 years of production. The company noted that information pertaining to the Manto Verde mine is not necessarily indicative of mineralization on the Las Animas property.

The Las Animas property is underlain by an Upper Jurassic monzonite-diorite-granodiorite intrusive complex belonging to the Coastal IOCG belt and cut by large N to NW trending structures belonging to the Atacama fault zone. Local Cu-Au mining occurs within these faults.

Several large zones of altered intrusives occur within the property boundary. The largest, the Animas zone, occupies most of the NE half of the property and covers the junctions of several strong N and NNW trending structures.

Mineralization and alteration on the Las Animas property is typical of IOCG vein and disseminated deposits: quartz-hematite-sericite plus copper sulphosalts, limonite and jarosite in the oxidation zone, and quartz-magnetite-cpy-py at depth. Copper pitch and pitch blende are also found in old dumps within the Animas zone. Alteration within the structure zones is sericitic to argillic, with uranium mineralization suggested by elevated gamma ray spectrometer readings.

Small-scale mining has occurred on the larger structures since the 1930s. Polar Star Mining Ltd. personnel checked the larger mines for uranium in 2009 and 2010, detecting readings above 100 ppm to a high of 840 ppm. Reconnaissance stream sediment sampling and residual soil and rock sampling programs were also conducted in 2011, confirming that most of the N to NW trending structures are enriched in Cu and Au. Rock samples from the Animas zone consistently assayed greater than 1% Cu and 0.5 g/t Au, with peak highs of 7.57% Cu and 7.34 g/t Au.

Sampling program results, presence and continuity on satellite imaging suggest the structures and their junctions exhibit good potential for significant IOCG vein/breccia deposits. IOCG deposits range in size from 1 to 580 million tons, the largest being the Manto Verde deposit. Structural confluences on the Las Animas property in the Animas alteration zone could have the same tonnage potential as the Manto Verde mine, according to management.

Terence Walker noted the property sits on a parallel structural system like that at the nearby Manto Verde mine complex. Significant old surface workings already exist on the property, with sampling yielding significant copper and gold grades.

The property’s location within the coastal IOGC belt of Chile means that it is not at a high elevation and infrastructure needed to bring a mine into production is already either in place or nearby. Management plans to expand surface geo-chem work and conduct geophysical surveys, followed by drilling to delineate a major resource.

Stuve Gold intends to complete a private placement of up to 12,500,000 units for gross proceeds of up to $3,000,000. Each unit will be priced at $0.24 and consist of one common share and one half of one common share purchase warrant. Each full warrant will entitle the holder to purchase an additional common share for a period of one year from the date of closing of the offering at a price to be determined. The Corporation may pay commissions of six percent to qualified finders or agents and may issue broker warrants for up to six percent of the total number of units issued.

Proceeds from the offering will be used to conduct exploration activities on the Las Animas property ($1,000,000), Stuve Gold’s existing properties ($1,500,000), for general working capital purposes, for expenses related to the offering, for the possible acquisition of other properties and for repayment of debt obligations (up to $500,000).

The company also holds a portfolio of properties that have the potential to host accumulations of gold and/or silver and/or copper. Those properties include Teresa/Coba SW, Roma, Santa Gracia and El Bosque.

Terence Walker, M.Sc., P. Geo., VP Exploration of the Corporation and a "qualified person" within the meaning of National Instrument 43-101, reviewed and approved the scientific and technical information contained in the release.

Stuve Gold is advancing mineral properties in Chile that hold potential for gold, copper, silver, cobalt and uranium accumulations exhibited by historical mining activities. Stuve Gold's Common Shares are listed on the TSX-V under the symbol "STUV".

Source: Stuve Gold