GreenLight Metals Intersects 30.7m of 1.05% Cu and 1.34 g/t Au (2.49% CuEq1) including 14.9m of 1.95% Cu and 1.58 g/t Au (3.65% CuEq) at the Bend VMS Deposit in Wisconsin Significant visual sulfides encountered in all four holes drilled during the current program
N4480 Co. Rd. E, Medford, WI 54451
NEWS RELEASE
GreenLight Metals Intersects 30.7m of 1.05% Cu and 1.34 g/t Au (2.49% CuEq1)
including 14.9m of 1.95% Cu and 1.58 g/t Au (3.65% CuEq) at the Bend VMS Deposit
in Wisconsin
Significant visual sulfides encountered in all four holes drilled during the current program
April 27, 2026 – MEDFORD, WI. GreenLight Metals Inc. (TSXV: GRL) (OTCQB: GRLMF) (“ GreenLight” or the
“Company”) is pleased to provide an update on the drilling program at the Bend copper-gold VMS Project in
Taylor County, Wisconsin. Assay results from the first hole of the 2026 program (B26-007) have been received
and confirm the extension of high-grade copper-gold-tellurium mineralization down-dip from mineralization
identified during last year’s exploration program. To date, a total of four drillholes (1,909 meters) have been
drilled along two sections on the Company’s leased forty -acre tract of private minerals with the focus of
expanding on mineralization encountered during the previous program. All drillholes have encountered
significant visual sulfide mineralization expanding the Bend VMS mineralization down -dip and along strike.
Assays for holes B26-008 through B26-010 are expected in the coming weeks.
Highlights
• Phase 2 Program On-Going: The planned initial 4,000m portion of the permitted 7,000m Phase 2 drill
program is progressing. The program is building on the strong results of Phase 1, further delineating
the VMS-style mineralization down-dip and along strike to the east of the main deposit area. Drilling
to date confirms mineralization extends eastward along an approximate 45-50° plunge and extends
down-dip of B25-004 by a further approximately 110m. Significant VMS mineralization encountered
in these initial drillholes remains open at depth and along trend to the east.
• B26-007: Down-dip extension of mineralization identified from the 2025 drill program (B25 -004 –
34.25m of 3.74% copper equivalent (“CuEq”)1
o 30.7m of 1.05% Copper, 1.34 g/t Gold, 11.49 g/t Silver, and 139 g/t Tellurium (2.49% CuEq)
over the entire mineralized section of massive to semi -massive sulfides and interbedded
crystal tuff from 330.59m.2
o Including 14.9m of 1.95% Copper, 1.58 g/t Gold, 20.57 g/t Silver, and 227 g/t Tellurium
(3.65% CuEq) within the main massive to semi-massive sulfide lens from 338.85m.2
• Significant Visual Sulfide Intercepts:
o B26-007: 50.64m (mineralized interval) consisting of multiple massive to semi -massive
sulfide lenses and strongly mineralized interbeds/footwall crystal tuff from 320.49m
o B26-008: 52.86m (mineralized interval) consisting of multiple massive to semi -massive
sulfide lenses and strongly mineralized interbeds/footwall crystal tuff from 430.6m.
§ Including 15.65m of massive to semi-massive sulfide (main lens) from 440.96m
o B26-009: 73.15m (mineralized interval) consisting of strongly mineralized and locally strongly
to intensely altered crystal tuff interbedded with multiple semi -massive to massive sulfide
lenses ranging from <1m to approximately 8m in thickness from 382.83m. Drilling is ongoing.
o B26-010: 21.06m consisting of massive to semi -massive sulfides interbedded with lesser
variably mineralized crystal tuff from 419.71m.
• Expanding Known Zone of Mineralization : All four drillholes drilled during the current exploration
program have successfully intercepted significant VMS mineralization, expanding the down -dip
extents of the mineralized zone from the previous 2025 drill program and further defining the trend
of the deposit’s core plunging approximately 45-50 degrees to the east.
Matt Filgate, President & CEO, commented: “Hole B26-007 continues to show continuity in both grade and
thickness below hole B25 -004, returning 30.7 meters of 2.49% CuEq including 14.9 meters of 3.65% CuEq.
Every hole drilled in Phase 2 to date has intersected significant VMS mineralization, and the massive to semi-
massive sulfide lenses logged in B26 -008, B26-009, and B26-010 tell us the system continues to build along
strike to the east. With two rigs turning and pending assays on three holes, GreenLight i s positioned to
continue advancing the Bend Project through the Phase 2 program as the copper market continues to
strengthen.”
Phase 2 Drilling Results and Geological Context
The Phase 2 program continues to test the eastern extensions of the known Bend deposit along two sections
with the objectives of expanding the extents of the known mineralization at depth and along strike. All
drilling is currently being conducted on the Company’s leased Soo Line Railroad forty-acre tract. As previously
disclosed, Phase 2 drilling will continue to utilize the allocated meterage to pursue thicker mineralization
encountered at depth and along trend to expand the mineralized footprint at the Bend Project.
Stratigraphy across the drill area is consistent, with a sequence of rhyolite to dacite flows overlying
interlayered fine ash to lapilli tuffs. Immediately overlying the semi -massive to massive sulfide horizon are
laminated exhalative cherty tuffs and argi llites (“hanging wall sediments”). The mineralized horizon is
underlain by a thick quartz-crystal ("quartz-eye") tuff with strong bedding-parallel pyrite mineralization and
pervasive chlorite alteration, followed by a fine -grained chlorite-sericite tuff that marks the unmineralized
footwall contact.
Figure 1: 2026 Drill Program Plan Map
Figure 2: Generalized Geologic Cross Section A-A’
Figure 3: Generalized Geologic Cross Section B-B’
Table 1: Summary of Significant Intercepts – Hole B26-0072
DDH From
(m)
To (m) Interval
(m)
Cu (%) Au (g/t) Ag (g/t) Te (g/t) CuEq
(%)
B26-007 330.59 361.29 30.70 1.05 1.34 11.49 139 2.49
Including 338.85 353.75 14.90 1.95 1.58 20.57 227 3.65
1Copper Equivalent (“CuEq”) is reported to express the aggregate in-situ value of copper, gold and silver as a percentage
copper grade. CuEq incorporates assumed metallurgical recoveries and is not a proxy for, nor evidence of, economic
value. Tellurium (Te) is reported separately and is not included in CuEq.
CuEq (%) = ((Cu grade (%) / 100 × 0.9 (recovery) × 2204.6 × US$4.50) + (Au grade (g/t) × 0.9 (recovery) / 31.1035 ×
US$3,600) + (Ag grade (g/t) × 0.9 (recovery) / 31.1035 × US$40)) / (2204.6 × 0.01 × US$4.50).
Assumptions: metal prices of US$4.50/lb Cu, US$3,600/oz Au, US$40/oz Ag; recoveries of 90% for Cu, Au and Ag based
on the Company’s preliminary assessment of analogous VMS deposits. No allowances have been made for
smelting/refining charges, penalties or deleterious elements, or payability factors. No metallurgical test work has been
completed at Bend; actual recoveries and payabilities are unknown and may differ materially.
2The composite grades of select intervals are calculated on a length -weighted basis and are reported as drilled
thicknesses. True thicknesses of the intervals are estimated to be 75-85% of the drilled thickness.
Hole Details
• B26-007: Designed to undercut the significant semi -massive to massive pyrite -chalcopyrite
mineralization intersected in B25-004 (34.25m of 1.35% Cu and 2.22 g/t Au). Unexpected deviation
through overburden caused the hole to ‘flatten’ more than expected. The mine ralized horizon was
intersected at 320.49m representing an approximate 38m down -dip extension of the mineralized
zone.
• B26-008: Designed to test the variability in mineralization between two, wide -spaced historic
intercepts (B91-11 – 16.65m of 1.07% Cu, 1.04 g/t Au and B92 -14 – 16.7m of 0.9% Cu and 1.26 g/t
Au). The mineralized horizon was intersected at 440.96m representing an approximate 75m overcut
of B92-14 and showing a thickening of the mineralized section.
• B26-009: Designed to undercut the mineralized section encountered in B26 -007. Unexpected
deviation through overburden caused the hole to ‘steepen’ more than expected. The mineralized
horizon was encountered at 382.83m representing an approximate 75m down -dip extension of the
mineralized zone (final survey data pending).
• B26-010: Designed to test variability and connectivity of mineralization between B26 -008 and the
wide-spaced historic intercepts (B91-11 – 16.65m of 1.07% Cu, 1.04 g/t Au; B92-14 – 16.7m of 0.9%
Cu, 1.26 g/t Au). Mineralization was intersected at 419.71m, represent ing an approximate 45m
overcut of B26-008 and an approximate 50m undercut of B91-11 (final survey data pending).
Next Steps
• Pending Assays: Results for visual sulfide intercepts in holes B26-008 through B26-010 expected over
the course of the next 3-6 weeks.
• Drilling Ongoing: Continued drilling utilizing two diamond core drill rigs to continue on the Soo Line
Mineral tract extending mineralization vertically (90°) down-plunge as well as testing the projected
45°-50° east trending down-plunge extension
Table 2: Drill Collar Information
Hole ID Northing
(m)
Easting
(m)
Elevation
(masl) Azimuth Dip Total Depth (m)
B26-007 5018525 688500 415.0 344 -65 391.97
B26-008 5018488 688602 412.1 343 -66 538.58
B26-009 5018496 688519 414.3 343 -67.5 455.98 (in progress)
B26-010 5018488 688602 412.1 343 -63 522.12
Coordinates in NAD83 UTM Zone 15N
Final survey data pending
Engagement of Resource Stock Digest for Marketing Services
The Company has entered into a service agreement with Resource Stock Digest (“RSD”) dated April 27, 2026
for a two- month advertising and marketing program, including report creation, dissemination and related
media buys, for a cash fee of US$100,000, payable from existing working capital following acceptance by the
TSX Venture Exchange. No services will commence, no materials will be disseminated and no payment will
be made unless and until such acceptance is obtained.
RSD is based in Round Rock, Texas and is owned and operated by Gerardo Del Real and Nick Hodge. Of RSD
and its principals, only Mr. Hodge owns or controls securities of the Company, consisting of common shares
and warrants which, assuming exercise of such warrants, would represent less than 0.17% of the Company’s
issued and outstanding common shares on a partially diluted basis. Other than the Agreement and such
securityholdings, RSD and Messrs. Del Real and Hodge are arm’s length to the Company and have no other
relationship with the Company.
RSD has advised the Company that neither RSD nor Messrs. Del Real and Hodge have participated in any
financing of the Company, or otherwise acquired securities of the Company, within the six months preceding
the date of the Agreement, and that neither RSD nor Messrs. Del Real and Hodge will subscribe for or
otherwise acquire any additional securities of the Company during the term of the Agreement, including
through the exercise of warrants, without prior acceptance of the TSX Venture Exchange.
About the Bend Project
The Bend VMS Project represents an advanced exploration opportunity. To date, over US$8 million has been
invested in the project, including 59 diamond drill holes totaling 23,849 meters. Prior drilling highlights from
GreenLight Metals’ 2025 drilling included drillhole B25-004 which intercepted 34.25 meters averaging 1.35%
Cu, 2.22 g/t Au, 15.62 g/t Ag, and 193.22 g/t Te.
B26-007: 330.52m-343.92m B26-007 Con2nued: 343.92m – 357.95m
B26-008: 441.46m to 455.67 B26-008 Con2nued: 455.67m – 469.38m