HML Press Release February 9, 2026
NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
Heritage Confirms Multiple High-Grade Gold Intercepts and New Gold Zones up to
42g/t Au at Melba
VANCOUVER, BC, February 9, 2026 – Heritage Mining Ltd. (CSE: HML FRA: Y66) (“Heritage”
or the “Company”) is pleased to announce confirmation of High-Grade Gold incepts at the Melba
Mine Project (“Melba”) with its ongoing diamond drill program. Additionally, the Company is pleased
to announce the confirmation of New Gold Zones at Melba (Figure 1,2) . Melba, located ~22km
northeast from Kirkland Lake and 90km southeast of Timmins in Northeastern Ontario, Canada. The
project is comprised of ~3,886Ha. Melba lies along the Ross Fault, which is a splay off of the
Porcupine-Destor Fault Zone and is associated with development stage and historic producing gold
mines: McEwen Mine (Grey Fox Mine, +1Moz Au) ~22km away, and the Ross Mine ( +1Moz Au)
~16km away (Figure 3).
Melba Project - Diamond Drill Program (Partial) Highlights:
New Gold Zones (Figure 1,2) 2025/26 Diamond Drill Program:
• ML3900-002: 42.57g/t Au over 1m from 72m, finished in gold mineralization.
Aligned with historical results: UG-Q-60: 34.29 g/t Au 1.4m, UG-T-60: 14.58 g/t Au 1.98m
• ML3850-003: 9g/t Au over 1m from 52m. hole terminated, intersected underground workings.
Underground workings in area of ML3850-003:204 E Zone: 13.31g/t Au over 0.91m for 8.54m
Significant Exploration Upside (Figure 1,2):
• Multiple Assays Pending: ML3900-003, 004, 005
• Ongoing Diamond Drilling
• Multiple new and existing gold zones near surface
• Gold grades increasing at depth (Historical DDH: 37-18: 14.24g/t Au over 4.11m from 123.9m,
Figure 2)
“The identification of multiple new gold zones at Melba this early in the program supports significant
exploration potential. Furthermore, it confirms our initial interests , underground results have not
been properly evaluated. We are very excited to further understand Melba and look forward to
additional results in short order.” Commented Peter Schloo, President, CEO and Director of Heritage.
Melba Mine: Composite Cross Section – New and Existing Gold Zones
Melba Project: Current Pad with historic and current information
Figure 3: Regional Scale Map – Heritage Mining Melba Project and Ross Fault
Melba Mine Property Description
The Melba Mine is located in Northeas tern, Ontario , Canada South east of Matheson Ontario (Figure 3)
approximately seven kilometres west off the King’s Highway 11, on the section of highway travelling from
Kirkland Lake to Cochrane. The Melba Mine is located on the northeastern part of Ontario close to Ontario/
Quebec border. The claim package includes single cell mining claims spanning ~3,886 hectares and one mining
lease.
Technical Program
Heritage Mining adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses.
Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory.
Drill core was boxed, covered and sealed at the drill rig site. Core boxes were labelled with the
official drillhole name and identified in numerical sequence starting from beginning of the hole to
the end. Wooden blocks with the corresponding down hole meterage were inserted after every drill
run. Drill core boxes were transported by drilling contactors to the onsite logging facility where Company
personnel would take over the core handling.
Sampling, Sub-sampling, and Laboratory Analysis for Heritage Mining Melba Project. All drilling at the Melba
project recovers NQ core. Drill core is systematically cut in half using a diamond saw. A qualified geologist
examines the drill core, marking intervals for sampling and indicating the cutting line. Sample lengths are
typically 1.0 metre, adjusted to a minimum length of 0.5 metre as necessary to respect lithologi cal and/or
mineralogical contacts and to isolate narrow veins or structures that may contain higher-grade mineralization.
Technicians saw the core along the cutting lines determined by the geologist. One half of the core is retained as
a witness sample, while the other half is submitted for analysis. Individual sample bags are securely sealed and
placed into sealed rice bags, which are then clearly marked with their contents. Heritage Mining submits samples
for gold determination by PhotonAssay to Paragon Geochemical - Timmins. (“Paragon”). Paragon operates
under a commercial contract with Heritage Mining. Drill core samp les are shipped to Paragon for sample
preparation at their facilities in Timmins, Ontario. Paragon is an ISO/IEC 17025:2017 accredited laboratory for
the PhotonAssay method in addition to a variety of diverse metal determination methods. Analytical Procedures
The Paragon procedure for PhotonAssay involves lab applying preparation codes INV-SAM (sample logging
via barcode), PREP-PKG (weigh, dry at 100C, crushing to 70% passing 2mm, riffle split ~500g into a PA jar
and 250g for pulverization to 85% passing 75 micron) followed by analytical code Au- PA01 which is a non -
destructive gold analysis method using high- energy X -rays with a gold detection range from 0.015 ppm to
350ppm. After gold assays are returned, Heritage then may choose to perform multi-element assays on selected
samples based on the gold results first with Paragon. In these cases, an aliquot is taken from the previously
prepared 250g split for analysis by 48MA-MS (4 acid digestion followed by multi-element ICP-MS analysis for
a 48 element suite).
________________________________________
Quality Assurance/Quality Control (QA/QC) The drill program design, QA/QC, and interpretation of results
are performed by qualified persons employing a rigorous QA/QC program consistent with industry best
practices. Standards and blanks account for a mini mum of 10% of the samples, in addition to the laboratories’
internal quality assurance programs. Quality Control data are meticulously evaluated upon receipt from the
laboratories for any failures. Appropriate corrective action is taken if assay results for standards and blanks fall
outside allowed tolerances. All results disclosed by Heritage Mining have successfully passed the Company’s
stringent quality control protocols. The Company does not recognize any factors of drilling, sampling, or
recovery that could materially affect the accuracy or reliability of the assay data disclosed. The assay data
disclosed in this press release have been verified by the Company’s Qualified Person against the original assay
certificates. Heritage Mining notes that it has not completed any economic evaluations of its Melba Project , and
the project does not currently have any resources or reserves.
Qualified Person
Mitchell Lavery P. Geo, Strategic Advisor for the Company, serves as a qualified person as defined by National
Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed the scientific and technical
information in this news release, approving the disclosure herein.
ABOUT HERITAGE MINING LTD.
The Company is a Canadian mineral exploration company advancing its Ontario Project Portfolio in
Northwestern and Northeastern Ontario. The Drayton- Black Lake , Contact Bay and Scattergood projects are
located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt . The Melba
Property is located near Ramore, Ontario. All Projects benefit from a wealth of historic data, excellent site
access and logistical support from the local community.
For further information, please contact:
Heritage Mining Ltd.
Peter Schloo, CPA, CA, CFA
President, CEO and Director
Phone: (905) 505-0918
Email: [email protected]
FORWARD-LOOKING STATEMENTS
This news release contains certain statements that constitute forward looking information within the meaning of
applicable securities laws. These statements relate to future events of the Company. Any statements that express
or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always, using words or phrases such as “seek”,
“anticipate”, “plan”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “predict”,
“potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “outlook” and similar expressions are
not statements of historical fact and may be forward looking information. All statements, other than statements
of historical fact, included herein are forward-looking statements.
Forward looking information involves known and unknown risks, uncertainties and other factors which may
cause the actual results, performance, or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by the forward -looking information. Such risks
include, among others, the inherent risk of the mining industry; adverse economic and market developments;
the risk that the Company will not be successful in completing additional acquisiti ons; risks relating to the
estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than
anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and
development activities; risks relating to future prices of mineral resources; risks related to work site accidents,
risks related to geological uncertainties and variations; risks related to government and community support of
the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The
Company believes that the expectations reflected in such forward- looking information are reasonable, but no
assurance can be given that these expectations will prove to be correct and such forward‐looking information
should not be unduly relied upon. These statements speak only as of the date of this news release. The Company
does not intend, and does not assume any obligation, to update any forward‐looking information except as
required by law.
This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company
in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy
the securities described herein will be made only pursuant to subscription documentation between the Company
and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and
registration requirements under applicable securities laws, p ursuant to a subscription agreement to be entered
into by the Company and prospective investors.