Mineral ROAD Commissions Strategic Review of Significant Bergslagen Tungsten Project in Sweden
MINERAL ROAD DISCOVERY INC.
NEWS RELEASE
MINERAL ROAD COMMISSIONS STRATEGIC REVIEW OF SIGNIFICANT
BERGSLAGEN TUNGSTEN PROJECT IN SWEDEN
Not for distribution to United States Newswire Services or for dissemination in the United States
Vancouver, British Columbia - September 2, 2026 – Mineral Road Discovery Inc. (CSE: ROAD) (“Mineral
Road” or the “Company”) is pleased to announce that it has engaged UK-based natural resources consultant
Bill Murphy, Principal of Murphy Resource Consultants, to undertake a strategic review of the Company’s
Bergslagen Tungsten Project in Sweden.
The review will focus on the development potential of the significant historical surface tailings opportunity
and the broader hard-rock tungsten potential at the Bergslagen Project.
Bergslagen is centred on the historic Yxsjöberg tungsten mining district and contains substantial historical
tailings, extensive underground workings and a significant body of historical geological and exploration
information.
The Company believes these features provide an opportunity to consider a staged approach to development,
beginning with the surface tailings and, subject to further exploration and technical work, progressing to
shallow and deeper hard-rock mineralisation.
BERGSLAGEN AT A GLANCE
• Sweden – Located in an established European mining jurisdiction.
• Historic tungsten district – Yxsjöberg has a long history of tungsten mining, providing an extensive
geological and mining record.
• Three-stage potential – Surface tailings → shallow hard-rock mineralisation → deeper underground
mineralisation.
STRATEGIC TIMING
The strategic review comes at a time when tungsten and other critical minerals are receiving increasing
attention from governments and industry because of their importance to economic security, defence,
advanced technology and the energy transition.
Tungsten is classified by the European Union as both a Critical Raw Material and a Strategic Raw Material
under the EU Critical Raw Materials Act. The European framework recognises the strategic importance of
tungsten and the need to strengthen European supply chains for materials where supply risks are significant.
Sweden is also placing increasing strategic importance on the development of its domestic mineral
resources. Sweden ’s current mineral strategy highlights the changed security environment, Europe ’s
dependence on imported metals and minerals and the need to strengthen Sweden’s contribution to European
raw-material supply.
The Swedish Geological Survey (SGU) has identified tungsten and other critical raw materials in the
Bergslagen district and has highlighted the potential for recovering critical and strategic raw materials from
historical mining waste in the region.
2
Mineral Road believes that Bergslagen ’s location in Sweden, its history of tungsten mining, substantial
surface tailings and broader exploration potential provide a strong foundation from which to assess the
Project’s potential role in future European tungsten supply.
Bill Murphy, stated: “I have more than 30 years’ experience evaluating, financing and developing natural-
resource projects across multiple commodities and jurisdictions. Having reviewed the information available
on Bergslagen, I believe the Project warrants a detailed assessment of how its various opport unities can
best be developed and the potential value that could ultimately be created from them.
The timing is also important. Tungsten has become an increasingly strategic mineral as governments and
industry look to secure supplies outside China. Recent export controls and concerns over the security of
global tungsten supply have highlighted the need for reliable new sources of production in Europe and
other allied jurisdictions.
Bergslagen is particularly interesting because it is not simply an exploration target. It is a historic tungsten
mining district with substantial tailings, historical underground workings and a significant amount of
historical geological information. I am particularly interested in understanding whether the surface
tailings can provide an early development opportunity, while the shallow hard-rock mineralisation could
potentially provide a link to the larger underground system.
The immediate objective is to establish what can be developed first, what additional work is required and
how the different parts of the Project could potentially fit together over time.”
SURFACE TAILINGS – POTENTIAL EARLY DEVELOPMENT OPPORTUNITY
The historical surface tailings represent the Company’s most immediate development focus.
Because the material has already been mined and is located at surface, the Company believes it warrants
priority evaluation as a potential first stage of development, subject to confirmation of tonnage, grade,
mineralogy, recoveries, permitting and economi c viability. A number of academic studies have already
provided initial recommendations for processing as well as potential recoveries, although this technical data
has not been reviewed by Mineral Road’s Qualified Person.
Mineral Road intends to undertake additional drilling, sampling and metallurgical test work to establish
the quantity, grade, mineralogy and recoverability of tungsten and associated minerals contained within
the tailings. The Company is also evaluating the early involvement of experienced processing specialists
in the programme so that metallurgical test work can commence as samples become available. The
objective is to determine whether the tailings can support a commercially viable reprocessing operation
and, if so, to establish the technical basis for a future resource estimate and scoping-level economic
assessment.
The Company believes that, if technically and economically viable, reprocessing historical mine tailings
could provide an opportunity to establish an initial development phase while also addressing the
environmental legacy associated with historical mining activities.
SHALLOW HARD-ROCK POTENTIAL
Historical exploration has identified shallow tungsten mineralisation in the Kvarnåsen area of the Yxsjöberg
district. Mineral Road is reviewing this historical information to determine the continuity and potential
scale of the mineralisation and whether it could represent a potential near-surface mining opportunity.
Of particular interest is whether the shallow mineralisation could potentially be developed without initially
relying on rehabilitation of the historical underground workings. This will require further geological,
metallurgical, geotechnical, environmental, permitting and economic work.
3
The Company believes that, if confirmed, the shallow mineralisation could provide an important link
between the surface tailings and the deeper hard-rock tungsten system.
BROADER EXPLORATION POTENTIAL
The Bergslagen Project covers an area containing numerous historical workings, drill holes, geophysical
targets and other prospective areas. When the Yxsj öberg Tungsten Mine closed in 1989, there was still
tungsten mineralization scheduled for future production. A number of exploration targets had also been
partially explored. Mineral Road’s Qualified Person has not reviewed this mineralization, and none of this
mineralization should be considered a resource under NI 43 -101 regulations. The Company will need to
do additional technical studies to determine if any of this mineralization can be converted into current
resource estimates.
The Company believes there is potential for additional tungsten and associated critical -mineral
mineralisation across the district, although further exploration will be required to establish its extent,
continuity and economic significance.
A STAGED DEVELOPMENT APPROACH
Mineral Road’s strategic objective is to determine whether Bergslagen can support a staged development
approach:
Historical surface tailings → shallow hard-rock mineralisation → deeper underground mineralisation
The Company’s objective is to determine whether these three components can be developed progressively,
with the tailings potentially providing an initial production opportunity, shallow mineralisation providing
a potential intermediate source of hard-rock ore, and the deeper system representing longer-term expansion
potential.
The Company believes that establishing an initial development opportunity from the surface tailings, while
simultaneously advancing the broader hard-rock exploration programme, could provide an efficient way of
progressively evaluating and de-risking the Project.
ABOUT BILL MURPHY
Bill Murphy is a UK -based natural resources consultant and Principal of Murphy Resource Consultants.
Mr. Murphy has more than 30 year s' experience evaluating, financing and developing natural -resource
projects across multiple commodities and international jurisdictions, with a core focus on identifying
undervalued assets, formulating accelerated development strategies and executing commercial pathways to
unlock shareholder value.
Mr. Murphy will assist Mineral Road in assessing the development options for Bergslagen, including the
potential sequencing of the tailings, shallow hard-rock and deeper underground opportunities.
ABOUT MINERAL ROAD DISCOVERY INC.
Mineral Road Discovery Inc. is a Canadian exploration and development company focused on critical and
strategic minerals.
The Company ’s Bergslagen Tungsten Project is located in southern Sweden and encompasses the
historically significant Yxsjöberg tungsten district.
Mineral Road’s immediate focus is on advancing the historical surface tailings opportunity while continuing
to evaluate the broader tungsten and critical-minerals potential of the Bergslagen district.
4
Mineral Road cautions that certain historical technical information, exploration results, academic studies
and historical production information referenced in this news release have been derived from historical
sources and have not been independently verified by a Qualified Person under National Instrument 43-101
– Standards of Disclosure for Mineral Projects. Such information is provided for context only and should
not be considered a current Mineral Resource or Mineral Reserve.
FOR FURTHER INFORMATION CONTACT:
Damien Reynolds
Interim CEO & Director
Mineral Road Discovery Inc.
Telephone: 778 819 1870
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of
this news release.