Lucky Announces Corporate Update

(TheNewswire)

Vancouver, British Columbia, February10, 2026 – TheNewswire -Lucky Minerals Inc.(TSXV:LKY, OTC:LKMNF, FRA:LKY) (“Lucky” or the “Company”) announcesthat, further to its news releases of December 20, 2023, June 13, 2025and December 19, 2025, it further announces the following:

Pursuant to the April 28, 2025 amending agreement, theparties to the option agreement dated December 18, 2023, as amendedMarch 15, 2024, July 22, 2024, October 28, 2024 and January 28, 2025(the “OptionAgreement”) agreed to: (i) amend the OptionAgreement to extend the outside date for completing the transactioncontemplated thereby from April 30, 2025 to June 30, 2025 (the"Outside Date") and (ii) for added clarity, clarify the OptionAgreement and all amending agreements.

Pursuant to the June 27, 2025 amending agreement, theparties to the Option Agreement agreed to amend the Option Agreementto: (i) extend the Outside Date from June 30, 2025 to August 31, 2025and (ii) for added clarity, clarify the Option Agreement and allamending agreements.

Pursuant to the August 29, 2025 amending agreement, theparties to the Option Agreement agreed to amend the Option Agreementto: (i) extend the Outside Date from August 31, 2025 to October 31,2025 and (ii) for added clarity, clarify the Option Agreement and allamending agreements. On November 1, 2025, the Option Agreement wasfurther extended, confirming all payments, work expenditures andremaining obligations.

In addition, the Company and the vendors of the OptionAgreement, Fire Gold Resources Inc. and Patricia Lafontaine, enteredinto a transfer acknowledgment agreement whereby Fire Gold ResourcesInc. transferred its mineral claims (approximately 135 claims) toPatricia Lafontaine and approximately 46 claims were allowed to lapseas not being significant to the acquisition.  Effective as of April28, 2025, Patricia Lafontaine is the sole holder of the transferredclaims under the Option Agreement, as amended, and the current numberof claims is approximately 135 claims. All other terms of the OptionAgreement, as amended, remain unchanged and can be found in theCompany's press releases dated December 20, 2023 and June 13,2025.

To date the Company has made the following paymentsunder the Option Agreement, as amended:

Cash Payments

• $50,000 with respect to the additional payment to theVendors for entering into the first amending agreement;  

• $35,000 for the renewal fees for the Prudhomme Propertyclaims maturing on August 14, 2024; and 

• $10,000 with respect to the additional payment toPatricia Lafontaine for entering into the fourth amending agreementdated January 28, 2025 

Work Expenditures Completed

• $20,000  for work expenditures completed prior to June30, 2025; and 

• $15,000 for work expenditures completed prior toOctober 31, 2025. 

These expenditures form part of the cumulativeexploration obligation defined under the Option Agreement, asamended.

Pursuant to the terms of the Option Agreement, asamended, the Company is required to issue to the vendor a maximum of7,500,000 shares at a floor price of $0.10, pay $750,000 and incur$4,000,000 in expenditures in order to complete the acquisition of theProperty. In connection with the Option Agreement, as amended, theCompany is required to pay the vendor milestone cash payments (i) anaggregate of $500,000 within six (6) months of the Company filing onSEDAR+ a Bankable Feasibility Study in respect of the Property,including an ore reserve calculation compliant with NationalInstrument 43 101; (ii) an aggregate of $1,000,000 within 30 days ofthe board of directors of the Company approving to proceed withcommercial production of the Property; and (iii) an aggregate of$4,000,000 within 30 days of the Company commencing commercialproduction of the Property. A 2.0% gross metal royalty (the“GMR”) over the Property is granted to the vendor and theCompany has the right to purchase 1% of the GMR for cancellation for apurchase price of $2,000,000.

The completion of the transactions contemplated by, orin connection with, the Option Agreement, as amended, is subject tothe receipt of all required regulatory approvals.

As detailed in a news release issued December 19, 2025,the Company is completing a private placement for aggregate grossproceeds of $1,080,000. It is estimated that the funds will be spentapproximately $800,000 for working capital and debt reduction over thenext six months, and $200,000 in flow-through funds for theproperty.

AboutLucky Minerals Inc.

Lucky is an exploration and development companytargeting large-scale mineral systems in proven districts with thepotential to host world class deposits.

ON BEHALF OF THE BOARD

“PatrickLaforest”

President, CEO and Chief Operating Officer

Further information on Lucky can be found on theCompany’s website at www.luckyminerals.com and at www.sedarplus.ca,or by email at [email protected] or by telephone at (866)924 6484.

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 release.

Cautionary Statement RegardingAdjacent Properties and Forward-Looking Information 

This news release containsforward-looking statements relating to the future operations of theCompany and other statements that are not historical facts.Forward-looking statements are often identified by terms such as“will”, “may”, “should”, “anticipate”, “expects”and similar expressions. All statements other than statements ofhistorical fact, included in this release, including, withoutlimitation, statements regarding the future plans and objectives ofthe Company are forward-looking statements that involve risks anduncertainties. There can be no assurance that such statements willprove to be accurate and actual results and future events could differmaterially from those anticipated in such statements. Such factorsinclude, but are not limited to: uncertainties related exploration anddevelopment; the ability to raise sufficient capital to fundexploration and development; changes in economic conditions orfinancial markets; increases in input costs; litigation, legislative,environmental and other judicial, regulatory, political andcompetitive developments; technological or operational difficulties orinability to obtain permits encountered in connection with explorationactivities; and labor relations matters. This list is not exhaustiveof the factors that may affect the Company’s forward-lookinginformation. Important factors that could cause actual results to differ materially from theCompany’s expectations also include risks detailed from time to timein the filings made by the Company with securitiesregulators. 

The reader is cautioned thatassumptions used in the preparation of any forward-looking informationmay prove to be incorrect. Events or circumstances may cause actualresults to differ materially from those predicted, as a result ofnumerous known and unknown risks, uncertainties, and other factors,many of which are beyond the control of the Company. The reader iscautioned not to place undue reliance on any forward-lookinginformation. Such information, although considered reasonable bymanagement at the time of preparation, may prove to be incorrect andactual results may differ materially from those anticipated.Forward-looking statements contained in this news release areexpressly qualified by this cautionary statement. The forward-lookingstatements contained in this news release are made as of the date ofthis news release and the Company will not update or revise publiclyany of the included forward-looking statements as expressly requiredby Canadian securities law.

Not fordistribution to United States news wire services or for disseminationin the United States

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