JZR Gold Reflects on a Year of Execution and Looks Ahead to a Transformational 2026

(TheNewswire)

February2, 2026 – TheNewswire - Vancouver, British Columbia, Canada– JZR Gold Inc. (the “Company” or“JZR”) (TSX-V: JZR) todayprovides a review of key operational and corporate progress achievedduring 2025, while outlining expectations for 2026 as the Companyworks with its partners toward revenue generation and cash flow fromits interest in the Vila Nova Gold Project (the “Project” or“Vila NovaProject”) in Brazil.

2025Highlights

• Advanced the Vila Nova Gold Projectto production, successful installment of agravimetric which led the production of gold concentrate. 

• Enhanced financial capacity throughmultiple equity raises, securing several privateplacements that strengthened liquidity for ongoingdevelopment. 

2025 Vila NovaActivity Update

Over the past year, JZR focused on disciplinedexecution and working diligently with ECO Mining Oil & GazDrilling Exploration (EIRELI) (“ECO”), the operatorof the Vila Nova Gold Project located in the State of Amapa, Brazil. The Company’s and ECO’s combined efforts resulted in the VilaNova Gold Project receiving all required approvals to bring theProject closer to production.  The Company possesses a 50% Net Profit Interest (as defined in a Joint VentureRoyalty Agreement (“JVRA”) with ECO) from all Net Profit (asdefined in the JVRA) generated from the Vila Nova Gold Project.  InOctober 2025, the Company was advised that ECOcompleted commissioning and testing of the 800 tonnes-per-daygravimetric mill and produced the project’s first goldconcentrate.

Throughout 2025, ECO advanced the facility towardsteady-state operations by hiring and training personnel, replacingand upgrading several components, and optimizing plant performance.Following initial concentrate production, material has been stockpiledon site while the operation focused on processing higher-gradematerial once operational consistency has been achieved. The Companyhas been advised that two potential buyers of gold concentrate havesince visited the site to review the facility and operations, andconcentrate samples have been submitted for independent analysis, withresults expected in the near term.

“These steps were not isolatedmilestones,” said Robert Klenk, ChiefExecutive Officer of JZR Gold. “They reflect a methodical progression toward sustainableoperations by ECO. The focus throughout 2025 was ensuring that ECO wasable to secure the necessary permits, and to ensure that the plant,people, and processes were in place to support anticipated long-termproduction by ECO.”

In parallel with operational advancement, JZRstrengthened its financial position. In October 2025, the Companyreceived $1.6 million in proceeds from the full exercise ofoutstanding warrants, providing additional working capital flexibilitywhile limiting shareholder dilution.

Looking ahead, management expects 2026 to represent atransformational year. ECO is working toward fully ramping the VilaNova facility to its designed capacity of 800 tonnes per day,positioning the Project to generate gold concentrate sales, revenue,and cash flow. Under the JVRA, JZR earned a 50% interest in 2023 inthe Project by making certain payments to ECO totaling US$6,000,000,which funded 100% of the purchase and installation of the processingplant and mill. Once revenue is generated by ECO, as anticipated, JZRis to be repaid for those capital contributions while retaining its50% Net Profit Interest.

Importantly, the Vila Nova Project stands apart in anincreasingly scrutinized regulatory environment, underscoring thevalue of JZR and ECO’s long-standing commitment to operating a fullylicensed and permitted project at both the state and federal levels.“As governments increaseoversight, compliant projects with established permits andinfrastructure become increasingly valuable,”Klenk added. “We believeVila Nova is well-positioned in that regard, and we are proud of theresponsible framework under which the project has beendeveloped.”

With operational readiness largely established,financing risk reduced, and regulatory clarity in place, JZR enters2026 with a clear objective: to transition from an issuer with aninterest in non-revenue exploration assets to a revenue-generatingroyalty holder with cash flow. Management believes the groundwork laidover the past year has positioned the Company to pursue that goal withdiscipline and confidence.

MarketingAgreement with AllPennyStocks.com Media Inc.

The Company is pleased to announce it has entered intoa marketing agreement with AllPennyStocks.com Media Inc.("APS"), subject to TSXV approval.

Pursuant to its agreement with APS (the"APSAgreement"), APS will provide investorrelations and marketing services to the Company over an initial termof eight (8) months, commencing February 3, 2026, in consideration ofan aggregate of US$67,500.00. APS will work with the Company todevelop and release a series of media syndication articles through anexpanded distribution circuit designed to increase investor awarenessof the Company. APS is based in Mississauga; Ontario based andoperates the website https://www.allpennystocks.com/. Neither APS, norany of its respective directors or officers own any securities of theCompany or any right to acquire securities of the Company. APS is anarm's length party to the Company.

APS, founded in 1999, is a leading authority in themicro-cap space, with its content prominently featured across numeroustop-tier financial platforms, reaching a broad audience of investorsand industry professionals.

Results of 2025Annual General and Special Shareholder’s Meeting

The Company is also pleased to announce the results ofits 2025 Annual General and Special Meeting (“AGM”) ofshareholders held on Wednesday, December 31, 2025. Shareholdersapproved all the resolutions detailed in the management informationcircular of the Company (the “Circular”), including:

• Electing all of management’s nominees to the Board ofDirectors of the Company. 

• Approving and reconfirming the Equity Incentive Planfor the Company. 

A total of 29,848,272 common shares of the Company werevoted at the AGM, representing approximately 38.32% of the issued andoutstanding common shares of the Company.

About JZR Gold Inc.

JZR Gold Inc is a junior mining resource company listedon the TSX Venture Exchange. It is engaged in the business of theexploration and development of mineral properties. The Company holdsinterests in the Province of British Columbia, Canada and the State ofAmapá, Brazil. The Spider mine in B.C. are gold and silverexploration targets. The Company’s flagship exploration interest isthe Vila Nova Gold Project, which is currently in the developmentstage.

For more information, please visit our website atwww.jzrgold.com.

For further information, please contact:

Robert Klenk

Chief Executive Officer

E: rob@jazzresources.ca
T: 604.329.9092

Forward-Looking Statements

This news release contains forward-looking statements,which includes any information about activities, events ordevelopments that the Company believes, expects or anticipates will ormay occur in the future.  Forward-looking statements in this newsrelease include statements with respect to the expected processing ofhigh-grade material from the Project and subsequent sales of productderived therefrom, statements regarding the Company’s transition toa revenue-generating issuer with cash flow, statements regarding theservices to be provided by APS and statements with respect to theanticipated use of proceeds from the exercise of the Warrants. Forward-looking information reflects the expectations or beliefs ofmanagement of the Company based on information currently available toit.  Forward-looking information is subject to known and unknownrisks, uncertainties and other factors that may cause the actualresults, level of activity, performance or achievements of the Companyto be materially different from those expressed or implied by suchforward-looking information.  These factors include, but are notlimited to: risks associated with the business of the Company;business and economic conditions in the mineral exploration industrygenerally; the supply and demand for labour and other project inputs;changes in commodity prices; changes in interest and currency exchangerates; risks related to inaccurate geological and engineeringassumptions; risks relating to unanticipated operational difficulties(including failure of equipment or processes tooperate in accordance with the specifications or expectations,unavailability of materials and equipment, government action or delaysin the receipt of government approvals, industrial disturbances orother job action and unanticipated events related to health, safetyand environmental matters); risks related to adverse weatherconditions; geopolitical risk and social unrest; changes in generaleconomic conditions or conditions in the financial markets; and otherrisk factors as detailed from time to time in the Company’scontinuous disclosure documents filed with the Canadian securitiesregulators.  The forward-looking information contained in this pressrelease is expressly qualified in its entirety by this cautionarystatement.  The Company does not undertake to update anyforward-looking information, except as required by applicablesecurities laws.

Neither the TSXVenture Exchange nor its regulation services provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this pressrelease.

None of thesecurities of JZR have been registered under the U.S. Securities Actof 1933, as amended (the “U.S. Securities Act”), or any statesecurities law, and may not be offered or sold in the United States orto, or for the account or benefit of, persons in the United States or“U.S. persons” (as such term is defined in Regulation S under theU.S. Securities Act) absent registration or an exemption from suchregistration requirements. This news release shall not constitute anoffer to sell or the solicitation of an offer to buy in the UnitedStates nor shall there be any sale of the securities in any State inwhich such offer, solicitation or sale would be unlawful.

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