Fitzroy Minerals Starts Heliborne Mobile MT Geophysical Survey at Caballos Copper Project, Chile

(TheNewswire)

Vancouver, British Columbia –February 11, 2026 – TheNewswire - FitzroyMinerals Inc. (TSXV: FTZ, OTCQX: FTZFF; FSE: C3Y) (“Fitzroy” or the “Company”) ispleased to announce that Expert Geophysics Surveys Inc. has started aplanned 750 line-kilometre mobile magnetotelluric (“MobileMT”)heliborne survey at the Caballos Copper Project, Valparaiso, Chile.This survey will cover the entirety of Fitzroy's Caballos CopperProject (the “Property” or the “Project”) within two days andinterpreted results are expected in March 2026.

MobileMT is a leading geophysical technology, whichaids in the identification of subsurface geologic structures,alteration halos and contrasting lithologies. Complementary VLF-EMdata, which provides near-surface electromagnetic (“EM”)information, should yield increased resolution of shallow features.Combining the methods should identify deep-seated faults, lithologicalcontacts, and structures controlling mineral systems from surface to adepth of approximately 1 km to 2 km, dependent on the conductivitydistribution of the local geology.

Merlin Marr-Johnson, President and CEO of the Company,commented: "We expectthe Mobile MT data will provide a three-dimensional image of theCaballos Project area, including under the younger volcanic rocks tothe east. We hope the survey will assist us in tracing the outline ofthe mineralized breccias already intersected through drilling.Further, we hope the survey helps us to vector towards the origin ofthe mineralized breccias that themselves contain clasts of mineralizedporphyry rocks. MobileMT is known for identifying areas ofelectrically conductive sulphides potentially linked to mineralizedporphyry intrusive centres, and resistive bodies representative ofintrusions.”

About Fitzroy Minerals

Fitzroy Minerals is focused on exploring and developingcopper-focused mineral assets with substantial upside potential in theAmericas. The Company’s current property portfolio includes the BuenRetiro Copper Project located near Copiapó, Chile, the CaballosCopper and Polimet Gold-Copper-Silver projects located in Valparaiso,Chile, the Taquetren Gold Project located in Rio Negro, Argentina, andthe Caribou Project in British Columbia, Canada. Fitzroy Minerals’shares are listed on the TSX Venture Exchange under the symbol FTZ andon the OTCQB under the symbol FTZFF.

On behalf of the board of Fitzroy Minerals Inc.

Merlin Marr-Johnson
President and CEO

For further information, please contact:

Merlin Marr-Johnson
mmj@fitzroyminerals.com
+447803712280

For more information on Fitzroy Minerals, please visitthe Company's website: www.fitzroyminerals.com

Neither Exchange nor its Regulation Services Provider(as that term is defined in the policies of the Exchange) acceptsresponsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDINGFORWARD-LOOKING INFORMATION

This news release includes certainstatements and information that constitute forward-looking informationwithin the meaning of applicable Canadian securities laws. Allstatements in this news release, other than statements of historicalfacts are forward-looking statements. Such forward-looking statementsand forward-looking information specifically include, but are notlimited to, statements that relate to the potential mineralization onthe Company’s mineral properties, future exploration plans on theCompany’s mineral properties and the timing and results of futureexploration.

Statements contained in this releasethat are not historical facts are forward-looking statements thatinvolve various risks and uncertainty affecting the business of theCompany. Such statements can generally, but not always, be identifiedby words such as "expects", "plans","anticipates", "intends", "estimates","forecasts", "schedules", "prepares","potential" and similar expressions, or that events orconditions "will", "would", "may","could" or "should" occur. All statements thatdescribe the Company's plans relating to operations and potentialstrategic opportunities are forward-looking statements underapplicable securities laws. These statements address future events andconditions and are reliant on assumptions made by the Company'smanagement, and so involve inherent risks and uncertainties, asdisclosed in the Company's periodic filings with Canadiansecurities regulators, including without limitation, the dangersinherent in exploration, development and mining activities; actualexploration or development plans and costs differing materially fromthe Company’s estimates; the ability to obtain and maintain anynecessary permits, consents or authorizations required for miningactivities; environmental regulations or hazards and compliance withcomplex regulations associated with mining activities; climate changeand climate change regulations; fluctuations in exchange rates; theavailability of financing; operations in foreign and developingcountries and the compliance with foreign laws, remote operations andthe availability of adequate infrastructure; fluctuations in price andavailability of energy and other inputs necessary for miningoperations; shortages or cost increases in necessary equipment,supplies and labour; regulatory, political and country risks,including local instability or acts of terrorism and the effectsthereof; the reliance upon contractors, third parties and jointventure partners; challenges to title or surface rights; thedependence on key personnel and the ability to attract and retainskilled personnel; the risk of an uninsurable or uninsured loss;adverse climate and weather conditions; litigation risk; andcompetition with other mining companies. As a result of these risksand uncertainties, and the assumptions underlying the forward-lookinginformation, actual results could materially differ from thosecurrently projected, and there is no representation by the Companythat the actual results realized in the future will be the same inwhole or in part as those presented herein. the Company disclaims anyintent or obligation to update forward-looking statements or information except as requiredby law. Readers are referred to the additional information regardingthe Company's business contained in the Company's reportsfiled with the securities regulatory authorities in Canada. Althoughthe Company has attempted to identify important factors that couldcause actual actions, events, or results to differ materially fromthose described in forward-looking statements, there may be otherfactors that could cause actions, events or results not to be asanticipated, estimated or intended. For more information on theCompany and the risks and challenges of its business, investors shouldreview the Company's filings that are availableat www.sedarplus.ca.

Copyright (c) 2026 TheNewswire - All rights reserved.