Ammendment to Iron Range Project
NEWS RELEASE WISE: CSE
966: FSE
Earthwise Minerals Extends Option at The Iron Range Gold Project, British
Columbia
January 05, 2026 – VANCOUVER, BRITISH COLUMBIA – Earthwise Minerals Corp. (CSE: WISE & FSE: 966)
(“Earthwise” or the “Company”) is pleased to announce that it has received a six-month extension of the
option agreement on the Iron Range Project , located approximately 16 km northeast of Creston in
southeastern British Columbia. In consideration for the option extension , Earthwise will issue 100,000
common shares to the Optionor , Eagle Plains Resources Ltd. (TSX-V:EPL) (“EPL” or “Eagle Plains”) . As a
result of the extension, the Company’s first-year commitment under the option is now due on August 26th,
2026.
Terms of the Option Agreement
To exercise the Option, Earthwise must make a series of cash payments and share issuances to Eagle Plains
and fund exploration expenditures on the Project. These payments, share issuances and expenditures are
separated into two phases, with the First Option entitling the Company to acquire a 70% interest in the
Project by paying CA$250,000, issuing an aggregate of 1,500,000 common shares to EPL and funding
CA$4,000,000 in exploration expenditures on the Project by over a four-year term. Pursuant to the Second
Option (if elected by Earthwise), the Company may acquire an additional 10% interest in the Project (for
an 80% total interest) by notifying Eagle Plains of its intent to increase its interest to 80%, making an
additional one-time payment of C A$ 1,000,000 cash and completing a bankable feasibility study on the
Property prior to the eighth anniversary of the Option.
If either the First Option or the Second Option is exercised, a 2% smelter returns royalty will be granted
to Eagle Plains over the entire Property, 1% of which may be repurchased for CA$1,500,000.
Eagle Plains will serve as Operator under the terms of the Option and will reserve the right to use
TerraLogic Exploration Inc. as geoscience consultant. Following the exercise of either the First Option or
the Second Option, Earthwise and Eagle Plains shall then form a 70/30 or 80/20 joint venture (“JV”) to
further explore and develop the Property.
About the Iron Range Project https://earthwiseminerals.com/iron-range-project/
EARTHWISE MINERALS CORP.
Suite 330 – 470 Granville St.
Vancouver, BC, V6C 1V4
TEL: (604) 506-6201
www.earthwiseminerals.com
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Geological Overview
The Iron Range Project is located on the western flank of the Proterozoic Purcell Anticlinorium and is
underlain by Aldridge Formation metasedimentary rocks within a district-scale hydrothermal system. The
Property is influenced by major structural corridors associated with iron-oxide brecciation, shear-hosted
gold, and polymetallic mineralization. Within this framework, the Talon Zone is interpreted as a
multiphase, structurally focused breccia/vein system hosting Ag-Au-Pb-Zn-Cu mineralization within silica–
K-feldspar–carbonate altered rocks.
Regional Geological Comparison
Iron Range shares strong geological similarities with the Sullivan Mine, located approximately 70 km
northeast. These include the presence of Aldridge Formation stratigraphy, “Sullivan -time” laminated
horizons, vent-proximal fragmental rocks, and a Pb -Zn-Ag ± Au ± Cu metal suite. While the Talon Zone
represents a structurally focused polymetallic system rather than classic stratiform SEDEX mineralization,
the metal association and structural setting are consistent with large -scale hydrothermal systems active
within the Purcell Basin.
Infrastructure
The project benefits from excellent infrastructure, including:
• Canadian Pacific Railway mainline crossing the Property
• Highway 3 access directly through the claim block
• High-voltage transmission line and high-pressure natural gas pipeline on-site
• Extensive Forest Service Road network
• Approximately 133 km by road from Teck’s Trail smelter
These advantages support efficient field operations, cost-effective drill deployment, and enhanced future
development potential.
Historical Work Summary
Exploration at Iron Range began in 1897 with the discovery of iron -oxide showings. Cominco’s mid-20th
century work included trenching and shallow drilling, followed by SEDEX -focused mapping, soil
geochemistry, and UTEM surveys in the 1980s. Junior explorer s in the 1990s recognized SEDEX -style
fragmental units and IOCG-style alteration.
Eagle Plains acquired the Property in 1999 and has since completed extensive airborne geophysical surveys
(VTEM, ZTEM, and gravity), structural mapping, large soil geochemical programs, and multi-phase drilling
that led to the discovery of high -grade gold at O-Ray, the Talon polymetallic system, and Sullivan-style
mineralization at Car and IR05-03. Subsequent work (2013–2017) refined priority targets and established
Induced Polarization (IP) anomalies at Talon that remain untested at depth.
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Earthwise management cautions that past results or discoveries on proximate land are not necessarily
indicative of the results that may be achieved on the subject properties.
Granting of Incentive Stock Options
Earthwise announces that its Board of Directors has approved the granting of 1,075,000 incentive stock
options (the "Options") to senior executives, directors and consultants of the Company. The Options grant
the holder the right to purchase common shares in the capital of the Company (each, a "Common Share") at
a deemed price of $0.05 per Common Share. The Options vest immediately and expire on January 6th, 2031.
Change in Management
Earthwise Minerals announces the resignation of Mr . George Yordanov as VP of Exploration and a director of
the Company, effective immediately. Earthwise wishes to thank Mr . Yordanov for his contributions to the
Company.
Qualified Person
Charles C. Downie, P .Geo., a “qualified person” for the purposes of National Instrument 43-101 - Standards
of Disclosure for Mineral Projects and an officer and director of Eagle Plains, has reviewed and approved the
scientific and technical disclosure in this news release.
About Earthwise Minerals
Earthwise Minerals Corp. (CSE: WISE; FSE: 966) is a Canadian junior exploration company focused on
advancing the Iron Range Gold Project in southeastern British Columbia near Creston, B.C. The Company
holds an option to earn up to an 80% interest in the fully permitted project, which is road-accessible and
situated within a prolific mineralized corridor. The property covers a 10 km x 32 km area along the Iron
Range Fault System and hosts multiple high -grade gold showings and large -scale geophysical and
geochemical anomalies.
For more information, visit www.earthwiseminerals.com.
EARTHWISE MINERALS CORP.,
ON BEHALF OF THE BOARD
“Mark Luchinski”
Contact Information:
Mark Luchinski
Chief Executive Officer, Director
Telephone: (604) 506-6201
Email: [email protected]
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Forward Looking Statements
This news release includes statements that constitute “forward -looking information” as defined under
Canadian securities laws (“forward -looking statements”) including, w ithout limitation, statements
respecting the Offering and the intended use of proceeds therefrom . Statements regarding future plans
and objectives of the Company are forward looking statements that involve various degrees of risk.
Forward-looking statements reflect management’s current views with respect to possible future events
and conditions and, by their nature, are subject to known and unknown risks and uncertainties, both
general and specific to the Company. Although the Company believes the expectations expressed in its
forward-looking statements are reasonable, forward-looking statements are not guarantees of future
performance, and actual outcomes may differ materially from those in forward -looking statements.
Additional information regarding the various risks and uncertainties facing the Company are described in
greater detail in the “Risk Factors” section of the Company’s annual management’s discussion and analysis
and other continuous disclosure documents filed with the Canadian securities regulatory authorities which
are available at www.sedar plus.ca. The Company undertakes no obligation to update forward -looking
information except as required by applicable law. The reader is cautioned not to place undue reliance on
forward-looking statements.
For more information, please contact Mark Luchinski, Chief Executive Officer and Director , at
[email protected] or (604) 506-6201.