Bathurst Metals Corp. Amends Terms of Option to Acquire the Gladstone Gold and Northern Gold Properties Adjacent to the Turner Lake/TED Gold Project, Nunavut

(TheNewswire)

January 29, 2026 – TheNewswire - Bathurst Metals Corp.(“Bathurst” or the “Company”) reported on January 22, 2026 ithad entered into an option agreement to acquire a 100% interest in two mineral claimslocated north of the Company’s 100%-owned Turner Lake/TED Gold Project in theBathurst Inlet area of Nunavut, Canada.  The claims are known as theGladstone Gold and Northern Gold properties.  

The Company announces an amendment to the terms of the Mineral OptionAgreement.  Under the amended terms, the Company will purchase theclaims outright for consideration of $8,000.00 cash and the issuanceto the vendors an aggregate of 4,000,000 common shares and 4,000,000transferable share purchase warrants.  Each share purchase warrantwill entitle the holder to acquire an additional common share of theCompany for $0.08 for a period of three years from the date of TSXVacceptance of the transaction.  The transaction is at arm’s lengthto the Company and no finders fees are payable.

The Vendors will retain a 2.0% net smelter return royalty in respectof any minerals from the properties.

Gladstone Gold Property

The Gladstone Gold Property covers 1,197.371 hectares and hosts three known gold showings, with reported gold values rangingfrom 2.12 to 143.76 g/t Au.Associated geochemical values include arsenic ranging from 0.64% to 2.2%, lead up to 1.04%, and zinc up to 0.31%.

Bathurst has also recently staked the West Gold claim, located immediately west of the GladstoneGold Property. West Gold hosts twoknown gold showings with values of up to 5.0 g/t Au, along with arsenicvalues up to 2.68% and zinc upto 0.31%.

Northern Gold Property

The Northern Gold Property covers 1,386.079 hectares and is located immediately south of theGladstone Gold Property. The property hosts a known gold showing withreported values of up to 6.58 g/tAu, accompanied by arsenic values up to 0.62% and lead values up to 1.0%.

Qualified Person

The scientific and technical information contained in this newsrelease has been reviewed and approved by Lorne Warner, P.Geo.,President and Director of Bathurst Metals Corp., who is a QualifiedPerson as defined by National Instrument 43-101 – Standards ofDisclosure for Mineral Projects.

The historical assay results referenced herein are derived from priorwork completed by previous operators. The Company has notindependently verified these historical results, and they should notbe relied upon unless and until verified by Bathurst Metals throughfuture exploration programs.

“HaroldForzley”

 CEO

Bathurst Metals Corp.

For investor inquiries, please contact:

Harold Forzley, Chief Executive Officer

info@Bathurstmetalscorp.com

604-783-4273

Neither TSX Venture Exchange nor itsregulation services provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.

About Bathurst Metals Corp.

Bathurst MetalsCorp. is anexploration-stage company engaged in the acquisition, exploration, anddevelopment of mineral properties in Nunavut and British Columbia,Canada. The Company holds a 100% interest in the Turner Lake, TED, McGregorLake, Speers Lake, Gela Lake and McAvoy Lake Projects in Nunavut andthe Peerless Property a gold /silver prospect in the historic BralorneCamp in British Columbia.

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