Figure 2 Map of Owl Creek Structural Trend from Zone A to E with 2026 Exploration Program Results
"We are pleased to receive this permit approval, which marks an important milestone for the Owl Creek Project," said Allan Frame, CEO of Beyond Minerals. "The approval enables us to advance the Project into its first phase of drilling to evaluate the copper-gold porphyry potential identified through our exploration programs. Our geological work has confirmed Owl Creek as a copper-gold porphyry system and defined five priority target zones along a major structural corridor. Zone C will be our initial drill target because it is currently the most advanced, benefiting from historical soil geochemistry and 10 historical diamond drill holes data. Importantly, we believe the other target areas possess comparable potential as Zone C based on the overall geological setting. While the initial drilling will begin at Zone C, we will continue advancing the other zones toward a drill-ready status. We believe Owl Creek has the potential to host a large-scale, multi-target copper-gold porphyry system and are excited to begin drilling."
While drilling activities are focused on Zone C, the Company intends to continue exploration activities in the other four Zones, A, B, D, and E, including geological mapping, drone geophysics and imagery survey, prospecting and geochemical sampling. The objective of this work is to advance the Owl Creek Project into a large-scale, multi-target copper-gold porphyry system in Southern British Columbia.
Beyond Minerals remains committed to responsible exploration practices and continues to engage with local stakeholders and Indigenous communities as the project advances.
Additional details regarding the planned drill program, timing and other field activities will be announced as they become available subject to financing and final budget approval.
Amended Offering Document
In connection with obtaining the MYAB exploration permit, the Company has filed an amended offering document (the "Amended Offering Document") in respect of the non-brokered private placement previously announced on October 1, 2026. The amended non-brokered private placement will consist of up to 20,000,000 units of the Company (the "Units") at a price of $0.036 per Unit for aggregate gross proceeds of up to $720,000 (the "Amended Offering"). Each Unit will consist of one common share of the Company (a "Share") and one-half of one common share purchase warrant, with each whole warrant entitling the holder thereof to purchase one Share at an exercise price of C$0.10 for 24 months following the date of issuance, subject to customary adjustment provisions. The Amended Offering Document can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.beyondminerals.ca . Prospective investors should read the Amended Offering Document before making an investment decision.
The Units to be issued under the Amended Offering will be offered to purchasers pursuant to the listed issuer financing exemption (the "LIFE" or "LIFE Exemption") under Part 5A.2 of National Instrument 45-106 - Prospectus Exemptions in all provinces of Canada, except Quebec. The Units offered under the LIFE Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws.
The Company plans to use the net proceeds from the Amended Offering for general working capital purposes, mineral property exploration activities and expenditures, marketing and advertising, and as otherwise described in the Amended Offering Document. The Amended Offering is scheduled to close on or about November 20, 2026, and is subject to certain conditions customary for transactions of this nature, including, but not limited to, the listing of the Shares issued and issuable under the Amended Offering on the Canadian Securities Exchange (the “CSE”). The Company may pay finders' fees in connection with the Offering in cash, shares, warrants or a combination thereof.
Amended Offering Document In connection with obtaining the MYAB exploration permit, the Company has filed an amended offering document (the "Amended Offering Document") in respect of the non-brokered private placement previously announced on October 1, 2026. The amended non-brokered private placement will consist of up to 20,000,000 units of the Company (the "Units") at a price of $0.036 per Unit for aggregate gross proceeds of up to $720,000 (the "Amended Offering"). Each Unit will consist of one common share of the Company (a "Share") and one-half of one common share purchase warrant, with each whole warrant entitling the holder thereof to purchase one Share at an exercise price of C$0.10 for 24 months following the date of issuance, subject to customary adjustment provisions. The Amended Offering Document can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.beyondminerals.ca . Prospective investors should read the Amended Offering Document before making an investment decision.
The Units to be issued under the Amended Offering will be offered to purchasers pursuant to the listed issuer financing exemption (the "LIFE" or "LIFE Exemption") under Part 5A.2 of National Instrument 45-106 - Prospectus Exemptions in all provinces of Canada, except Quebec. The Units offered under the LIFE Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws.
The Company plans to use the net proceeds from the Amended Offering for general working capital purposes, mineral property exploration activities and expenditures, marketing and advertising, and as otherwise described in the Amended Offering Document. The Amended Offering is scheduled to close on or about November 20, 2026, and is subject to certain conditions customary for transactions of this nature, including, but not limited to, the listing of the Shares issued and issuable under the Amended Offering on the Canadian Securities Exchange (the “CSE”). The Company may pay finders' fees in connection with the Offering in cash, shares, warrants or a combination thereof.
The offered securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
Warrant Extension
The Company further announces that it intends to extend the expiry date of an aggregate of 5,222,853 warrants issued in connection with a debt settlement transaction and a non-brokered private placement, of which 2,722,853 warrants were issued on December 19, 2024 under the debt settlement transaction and 2,500,000 warrants were issued on December 30, 2024 under the non-brokered private placement (collectively, the "2024 Warrants").
The exercise price of the 2024 Warrants is $0.10 and remains unchanged. The 2024 Warrants have original expiration dates of December 19, 2026 and December 30, 2026. The Company proposes to extend each of the expiration dates of the 2024 Warrants by one additional year to December 19, 2027 and December 30, 2027, respectively (the "Extension"). All other terms and conditions of the 2024 Warrants will remain unchanged.
No action will be required on the part of the holders of the 2024 Warrants to give effect to the Extension. In accordance with the requirements of the CSE, the terms of any warrants issued as compensation or finder warrants are not eligible for amendment.
As one of the officers and directors of the Company exercises control or direction over 1,050,000 of the 2024 Warrants, the Extension may constitute a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Extension is exempt from the formal valuation and minority shareholder approval requirements under MI 61-101 as the fair market value of the 2024 Warrants issued to insiders does not exceed 25% of the market capitalization of the Company.
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