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Abasca Resources Announces Promotion of Brian McEwan to Vice President Exploration and Development; Invitation to Visit Booth #2144 at PDAC 2026

Marketing Announcement

NEWS RELEASE

Abasca Resources Announces Promotion of Brian McEwan to Vice President Exploration and

Development; Invitation to Visit Booth #2144 at PDAC 2026

Abasca Resources Inc. – News Release 2026-03 February 25, 2026

#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 1 of 4

Abasca Resources Announces Promotion of Brian McEwan to

Vice President, Exploration and Development; Invitation to

Visit Booth #2144 at PDAC 2026

Saskatoon, Saskatchewan – February 25, 2026 – Abasca Resources Inc. (“Abasca” or the “Company”)

(TSXV: ABA) is pleased to announce the promotion of Brian McEwan to the position of Vice President,

Exploration and Development, effective immediately.

Since joining the team as Vice President Exploration, Mr. McEwan has been instrumental in advancing the

Company’s strategic exploration programs. In his expanded role, he will focus on the advancement of the

Loki Flake Graphite Deposit (Loki Deposit; Figure 1) while continuing to oversee the technical direction of

Abasca’s mineral exploration.

"Brian’s technical expertise and proven track record in mineral exploration and development have been vital

to the successful advancement of the Loki Deposit and the discovery of the Thor Zone. His leadership will

be a cornerstone of our growth strategy as we transition into the development of the Loki Deposit" said Dawn

Zhou, President and CEO of Abasca.

Join Us at PDAC 2026

Abasca is also excited to announce its participation in the upcoming 2026 PDAC Convention in Toronto. We

cordially invite shareholders, investors, and industry partners to visit our team and discuss our latest project

updates.

Event: 2026 PDAC Convention

Location: Metro Toronto Convention Centre (MTCC)

Booth: # 2144

Dates: March 1 – March 4, 2026

Members of Abasca’s management and technical team will be on-site to provide insights into our current

exploration results and the development roadmap for Loki Deposit.

For more information on the Loki Flake Graphite Deposit and an overview of the Key Lake South Project,

please visit the Company’s website at https://www.abasca.ca.

NEWS RELEASE

Abasca Resources Announces Promotion of Brian McEwan to Vice President Exploration and

Development; Invitation to Visit Booth #2144 at PDAC 2026

Abasca Resources Inc. – News Release 2026-03 February 25, 2026

#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 2 of 4

Figure 1: Map of the Key Lake South Project area showing the location of the Loki Flake Graphite Deposit.

NEWS RELEASE

Abasca Resources Announces Promotion of Brian McEwan to Vice President Exploration and

Development; Invitation to Visit Booth #2144 at PDAC 2026

Abasca Resources Inc. – News Release 2026-03 February 25, 2026

#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 3 of 4

Qualified Person

The technical information in this news release has been reviewed and approved by Brian McEwan, P.Geo., a

Qualified Person as set out in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr.

McEwan is the Vice-President of Exploration and Development of Abasca.

About Abasca Resources Inc.

Abasca is a mineral exploration company that is primarily engaged in the acquisition and evaluation of

mineral exploration properties. The Company owns the Key Lake South Project (KLS), a 23,977-hectare

exploration project located in the Athabasca Basin Region in northern Saskatchewan, approximately 15 km

south of the former Key Lake mine and current Key Lake mill. The project possesses geological similarities

and along strike of past Key Lake Mine with prospective conductors of over 50 km for potential uranium

mineralization. KLS is also host to the Loki Flake Graphite Deposit comprising a total inferred resource of

11.31 Mt at 7.65 % Cg. Please refer to the technical report dated May 29, 2025, with an effective date of April

10, 2025 and titled “Technical Report on the Key Lake South Project with Initial Mineral Resource Estimate

for the Loki Flake Graphite Deposit, Saskatchewan, Canada”, filed under the Company’s profile on the

SEDAR+ website, for further information about the resource estimate.

On behalf of Abasca Resources Inc.

Dawn Zhou, M.Sc, CPA

President, CEO and Director

For more information visit the Company’s website at https://www.abasca.ca or contact:

Abasca Resources Inc.

Email: [email protected]

Telephone: +1 (306) 933 4261

NEWS RELEASE

Abasca Resources Announces Promotion of Brian McEwan to Vice President Exploration and

Development; Invitation to Visit Booth #2144 at PDAC 2026

Abasca Resources Inc. – News Release 2026-03 February 25, 2026

#208 – 311 4th Avenue North, Saskatoon, SK S7K 2L8 Page 4 of 4

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the

policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press

release.

Forward-Looking Information

This press release may contain certain forward-looking information (“forward-looking information”) within

the meaning of applicable Canadian securities legislation that are not based on historical fact, including

without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will",

"should", "expects", "continue", "estimate", "forecasts" and other similar expressions. Forward-looking

information reflects management’s current beliefs with respect to future events and is based on information

currently available to management. Forward-looking information contained in this press release includes,

but is not limited to, statements relating to the preparation of a preliminary economic assessment for the

Loki Deposit, the de-risking of the Loki Deposit the advancement of the Loki Deposit to the development

stage and the acceleration of the Company’s path towards its production goals. Readers are cautioned to

not place undue reliance on forward-looking information. Actual results and developments may differ

materially from those contemplated by these statements. Abasca undertakes no obligation to comment on

analyses, expectations, or statements made by third-parties in respect of Abasca, its securities, or financial

or operating results (as applicable). Although Abasca believes that the expectations reflected in forward-

looking information in this press release are reasonable, such forward-looking information has been based

on expectations, factors, and assumptions concerning future events which may prove to be inaccurate and

are subject to numerous risks, uncertainties and factors, certain of which are beyond Abasca’s control,

including the impact of general business and economic conditions; risks related the exploration activities to

be conducted on KLS, including risks related to government and environmental regulation; actual results of

exploration activities; industry conditions, including uranium and graphite price fluctuations, interest and

exchange rate fluctuations; the influence of macroeconomic developments; business opportunities that

become available or are pursued; title, permit or license disputes related to KLS; litigation; fluctuations in

interest rates; and other factors. In addition, the forward-looking information is based on several

assumptions which may prove to be incorrect, including, but not limited to, assumptions about the

availability of qualified employees and contractors for the Company’s operations and the availability of

equipment. The forward-looking information contained in this press release are expressly qualified by this

cautionary statement and are made as of the date hereof. Abasca disclaims any intention and has no

obligation or responsibility, except as required by law, to update or revise any forward-looking information,

whether as a result of new information, future events or otherwise.