Discovery–Corp Enterprises Inc. Announces Results of AGSM and resumption of Trading
LEGAL*58530003.1
125A–1030 Denman Street, Suite 553, Vancouver, BC, Ca nada V6G 2M6 778 371 9936 [email protected]
Trading Symbol TSXV: DCY
News Release for immediate release
June 11, 2026
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES
Discovery–Corp Enterprises Inc. Announces Results of AGSM and resumption of Trading
Vancouver – Discovery–Corp Enterprises Inc. (“Discovery”) (TSXV: DCY) announces the results
of the Company’s Annual General and Special meeting and announces resumption of trading
shortly. The Company’s shares were previously halted from trading. The termination of the
proposed RTO with Scramble was announced on April 17, 2025. No monies were advanced and
there were no guarantees or residual liabilities in connection with Scramble Resources Inc. The
Company also announces its attendance at the Critical Mineral Conference to learn more about
the process of permitting the Company’s 100% owned Galaxy Property located in the Kamloops
Mining District near New Afton in Kamloops, British Columbia, Canada.
DISCOVERY EXPLORATION PROPERTIES
The following is a summary of the Galaxy property from the Company’s 43-101 that is available
on the Company’s website (Discovery-Corp.com) and SEDAR+.
There is good access to the Galaxy Property (the property) and good local infrastructure. The
Property is comprised of two Crown granted m ineral claims (Crown Grants) and seven two-post
legacy mineral claims that cover an area of appr oximately 90 hectares. The legacy claims are
100% owned by Discovery and the claims are entirely surrounded by mineral claims held by
others (primarily Coeur Mining Inc. and KGHM). The Galaxy property is located near Kamloops,
British Columbia, seven kilometres east-southeast of the operating New Afton Mine.
The Galaxy deposit is an elongate, northwest-trending fault-bounded zone of mineralization,
hosted within Nicola volcanics and Sugarloaf diorite. The 600 metre long by 120 metre wide
Galaxy deposit is comprised of two sections of mineralization separated by an east-west trending
cross-fault. Mineralization is truncated at dept h by a low-angle, west-southwest dipping thrust
fault. This low-angle fault surfaces approximately 90 metres east of the Evening Star shaft, and
thus also forms the eastern boundary of the deposit. A northwest trending zone of picrite marks
the position of a major steeply-dipping, northwest-trending fault and defines the western faulted
contact of the deposit. The deposit reaches a maximum depth of 140 metres before it is cut-off
by the western boundary fault.
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125A–1030 Denman Street, Suite 553, Vancouver, BC, Canada V6G 2M6 778 371 9936 [email protected]
Considerable exploration has been carried out on the Galaxy deposit since the late 1800’s,
including trenching, drilling, geophysical and g eoechemical surveying. Limited production (48
tonnes) from the Evening Star shaft in 1916-1917 is also recorded. Discovery has undertaken soil
sampling, rock sampling, ground magnetic surveying, reverse circulation drilling and diamond
drilling. Significant intersections from the most recent drilling in 2012 include:
ü GX12-04: 0.46% Cu, 0.13 g/t Au, 0.9 g/t Ag over 33.63 metres (including 1.07% Cu, 0.30 g/t
Au, 2.1 g/t Ag over 8.08 metres);
ü GX12-05: 0.61% Cu, 0.14 g/t Au, 1.0 g/t Ag over 48.28 metres (including 1.07% Cu, 0.21 g/t
Au, 1.5 g/t Ag over 11.00 metres);
ü GX12-06: 0.44% Cu, 0.11 g/t Au, 1.1 g/t Ag over 32.78 metres (including 0.62% Cu, 0.12 g/t
Au, 1.7 g/t Ag over 14.52 metres).
In 2013, metallurgical test work was undertaken on a single master composite sample. In the
locked cycle test, 81% of the copper, 59% of the gold and 40% of the silver was recovered into a
concentrate grading 26% copper, 4.7 g/t Au and 45 g/t Ag from a head grade of 0.51% Cu, 0.14
g/t Au, and 1 g/t Ag.
Additional drilling is recommended to expand the deposit size. This would be best accomplished
by testing the strike extensions of the main deposit area, as well as at greater depth.
Galaxy Work Progress – August 2024 - May 2026
Work on the Galaxy property consisted of su rface geochemistry and reclamation work from past
2006 and 2012 exploration drilling. Surface geochemistry consisted of ongoing soil sampling at
the southern extent of the property to augment the historical soil sampling over the property. ALS
lab results yielded concentrations of up to 648 ppm copper and 96 ppb gold and the sampling in
this area demonstrated a 200 metre by 100 metres moderate to strong copper and gold-in soil
anomaly separate from the main Galaxy ore body.
Additionally, a narrow, 150 metres linear gold-in-soil trend has also been noted, separate from
the aforementioned area. The trend may be related to an anomalous gold value (0.25 g/t Au) in a
rock sample some 100 metres along strike collected in an earlier exploration program. With this
new area outside the 2006 ground magnetics surveying and with no known historical drill holes
or trenching, exploration work will continue on this new target and may include a mag survey,
trenching or drilling.
Ted Vander Wart, P. Geo. Is a Qualified Person under National Instrument 43-101 (“NI 43-101”)
and has reviewed and approved the technical information contained in this news release.
RATIFICATION OF DISPOSITION OF ROCK CREEK ASSETS
Rock Creek mineral rights, located in Humboldt County, Nevada, USA, was written down to zero
by a charge to operations of $128,954 in the year ended July 31, 2006. The Company for any
future benefits retained its undivided 50% interest in the Rock Creek mineral rights. During the
year ended July 31, 2025, the Company disposed of the data assets and Rock Creek mineral
assets for proceeds of US$600,000 to a non-related third party and the shareholders ratified and
approved of this disposition.
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125A–1030 Denman Street, Suite 553, Vancouver, BC, Canada V6G 2M6 778 371 9936 [email protected]
SUMMARY FROM THE COMPANY’S AUDITED FINANCIAL STATEMENTS
The comparative financial statements of the Co mpany for the fiscal year ended July 31, 2025
consisting of consolidated statements of income (loss) and comprehensive income (loss),
consolidated statements of financial position, consolidated statements of changes in equity,
consolidated statements of cash flows, in each case with comparative figures for the preceding
fiscal year, together with the notes and the audit or’s report, as well as the management’s report
to shareholders are available on SEDAR+. The following are highlights of financial data on the
Company for the most recently completed three financial years.
Expressed in Canadian $ July 31, 2025 July 31, 2024 July 31, 2023
Net Income (loss) 625,532 (149,640) (197,591)
Total comprehensive Income (loss) 625,532 (149,640) (197,591)
Earnings (loss) per share 0.05 (0.01) (0.01)
Total assets 389,634 56,623 82,785
Total liabilities 143,808 436,329 312,851
Working capital 216,910 (408,622) (258,982)
The net income of $625,532 for the year ended July 31, 2025 includes a non-recurring gain of
$842,400 from the disposal of the Rock Creek assets.
ANNUAL GENERAL and SPECIAL MEETING
Discovery AGSM was January 14, 2026 with 26 shareholders voting in person or by proxy holding
5,674,824 common shares which represents 42.14% of the 13,467,096 outstanding shares.
Alexander Pannu, Iain Brown, Scott Yonggi Lee and Mickey Goldstein were elected directors.
The Audit Committee is Iain, Scott and Mickey. Mickey and Scott are independent directors.
Shareholders approved the Company’s Stock Option Plan that allows a maximum of 10% of the
issued and outstanding shares. At the time of this news release there are no stock options or
warrants issued or outstanding.
On Behalf of the Board of Directors
“Iain Brown”, Director and CFO
Discovery–Corp Enterprises Inc.
778 371 9936
Additional Information
The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this news
release. Investors are cautioned that any information released or received with respect to the now
terminated Transaction may not be accurate or complete and should not be relied upon. Trading
in the securities of Discovery should be considered highly speculative. Neither the TSX Venture
Exchange 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 news release.
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125A–1030 Denman Street, Suite 553, Vancouver, BC, Canada V6G 2M6 778 371 9936 [email protected]
Disclaimer for Forward-Looking Statements
This news release contains certain forward-looking statements which involve known and unknown
risks, delays, and uncertainties that may cause ac tual results, performance or achievements of
Discovery to be materially different from the results, performance or expectation implied by these
forward-looking statements. Certain statements set out in this news release constitute forward-
looking statements. Forward-looking statements (i) are often, but not always, identified by the
use of words such as “expect”, “may”, “could”, “anticipate”, or “will”, and similar expressions; and
(ii) are subject to a variety of known and unknown risks and uncertainties and other factors that
could cause actual events or outcomes to differ materially from those anticipated or implied by
such forward-looking statements.
Forward-looking statements reflect the expectations of management. Forward-looking statements
consist of statements that are not purely historical, including any statements regarding beliefs,
plans, expectations or intentions regarding the future. Such statements are subject to
assumptions, risks and uncertainties that may cause actual results, performance or developments
to differ materially from those contained in the statements, including risks related to factors
beyond the control of Discovery. The risks in clude risks customary with mineral exploration
projects. No assurance can be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the parties will obtain from them. The
reader is cautioned not to place undue reliance on any forward-looking statements. Such
information, although considered reasonable by management at the time of preparation, may
prove to be incorrect and actual results may differ materially from those anticipated. Forward-
looking statements contained in this news release are expressly qualified by this cautionary
statement. The forward-looking statements contained in this news release are made as of the
date of this news release. Discovery disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future events or otherwise,
except as required by law.