Churchill Announces TSXV Approval of Golden Baie Option Agreement
1
CHURCHILL ANNOUNCES TSXV APPROVAL OF GOLDEN BAIE OPTION AGREEMENT
FOR IMMEDIATE RELEASE
TORONTO, March 27, 2026 (GLOBE NEWSWIRE) -- Further to its news releases dated February
17 and March 23, 2026, Churchill Resources Inc. ("Churchill" or the “Company”) (TSXV:CRI) is
pleased to announce that the TSX Venture Exchange has approved the Company’s previously
announced definitive option agreement (the “ Option Agreement ”) with Canstar Resources
Inc. (“Canstar”) whereby Churchill has the option to acquire a 100% undivided interest in certain
mining claims comprising the Golden Baie antimony -gold property located in central
Newfoundland.
Pursuant to the terms of the Option Agreement, the Company today issued 15,834,097 common
shares to Canstar and made a cash payment of approximately $208,167 in respect of the option
to cover existing cash bonds on the Golden Baie Property.
The Golden Baie Project
The Golden Baie project is composed of 29 map-staked licences constituting 1,597 claims that in
total cover 39,925 hectares or 399.25 square kilometres. The property has good access through
its western and central portions with provincial highways 360 and 361 crossing the claim blocks,
conveniently within a kilometre of the Swanger's Cove and Le Pouvoir high-grade antimony
prospects. The area is serviced by the communities of St. Albans, Milltown and Conne River.
Canstar's work to date has outlined numerous gold -antimony occurrences along a 30 -kilometre
trend on the main licence block, along with the high-grade Swangers Cove prospect. Gold results
from soils, prospecting, trenching and drilling are equally compelling, suggesting the presence of
a very large, outcropping gold-antimony system. Churchill intends to immediately conduct a data
deep-dive with the Canstar technical team and advisers to prioritize Golden Baie prospects for
2026 fieldwork plans. The Company' s successful approach at Black Raven with systematic
trenching and channel sampling work, followed by drilling, will be planned for Golden Baie with
initiation this coming spring. Additionally, the Company plans to launch airborne geophysical
surveys at the earliest possible date to augment the existing geophysical database across the
entire property.
About Churchill Resources
Churchill Resources Inc. is a Canadian exploration company focused on exploration and
evaluation of strategic and critical metals (including gold, silver, antimony and nickel) in Canada,
principally at its prospective Black Raven, Taylor Brook and Florence Lake properties in the
Province of Newfoundland and Labrador. The Churchill management team, board, and advisors
have decades of combined experience in mineral exploration and in the establishment of
successful publicly listed mining companies, both in C anada and around the world. Churchill’s
projects have the potential to benefit from Newfoundland and Labrador’s large and diversified
minerals industry, which includes world class mines and processing facilities, and a well -
developed mineral exploration sector with locally based drilling and geological expertise.
2
Antimony is designated as a critical mineral by the Government of Canada and its G7 allies, and
it is an indispensable input for national defence, energy security, and various industrial
applications including fire safety. Global antimony supply chains are concentrated among non -
market actors and subject to export controls creating unacceptable vulnerability . Immediate and
decisive action is needed to repatriate production to Canadian and allied soil.
Further Information
For further information regarding Churchill, please contact:
Conan McIntyre, CEO
Tel. 416.272.4738 (m)
Paul Sobie, President
Tel. 647.988.0930 (m)
FORWARD-LOOKING STATEMENTS
This news release contains certain forward -looking statements, including, but not limited to, statements
about Churchill’s objectives, goals and exploration activities proposed to be conducted on its properties;
future growth potential of Churchill, including whether any proposed exploration programs at any of its
properties will be successful; exploration results; and future exploration plans and costs. Wherever possible,
words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”,
“predict” or “potential” or the negative or other variations of these words, or similar words o r phrases, have
been used to identify these forward-looking statements. In particular, this release contains forward-looking
information relating to, among other things, future exploration plans. These statements reflect
management’s current beliefs and are based on information currently available to management as at the
date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could
cause actual results, performance or achievements to differ materially from the results discussed or implied
in the forward -looking statements. These fac tors should be considered carefully and readers should not
place undue reliance on the forward -looking statements. Such factors, among other things, include:
exploration results on the Golden Baie Antimony-Gold Property; the expected benefits to Churchill relating
to the exploration proposed to be conducted on its properties ; failure to identify any additional mineral
resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties
relating to the availability and costs of financing needed in the future, including to fund any exploration
programs on the Churchill’s properties, if required ; fluctuations in general macroeconomic conditions;
fluctuations in securities markets; fluctu ations in spot and forward prices of gold, silver, base metals or
certain other commodities; change in national and local government, legislation, taxation, controls,
regulations and political or economic developments; risks and hazards associated with the business of
mineral exploration, development and mining (including environmental hazards, industrial accidents,
unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance
to cover risks and hazards; the pres ence of laws and regulations that may impose restrictions on mining
3
and mineral exploration; employee relations; relationships with and claims by local communities and
indigenous populations; availability of increasing costs associated with mining inputs and labour; the
speculative nature of mineral exploration and development (including the risks of obtaining necessary
licenses, permits and approvals from government authorities); the unlikelihood that properties that are
explored are ultimately developed into producing mines; geological factors; actual results of current and
future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results
being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; and title
to properties. Although the forward-looking statements contained in this news release are based upon what
management believes to be reasonable assumptions, Churchill cannot assure readers that actual results
will be consistent with these forward-looking statements. These forward-looking statements are made as of
the date of this news release, and the Churchill assumes no obligation to update or revis e them to reflect
new events or circumstances, except as required by law. Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or
accuracy of this release.