Labrador Provides Update on Proposed Consolidation

(TheNewswire)

CALGARY, ALBERTA – February 17,2026 – TheNewswire -Labrador ResourcesInc. (“Labrador” or the “Company”)(TSXV:LTX) announces that, further to its news release dated December18, 2025, the board of directors of the Company has agreed, subject toreceipt of the approval of the TSX Venture Exchange (the“Exchange”), to proceed with a consolidation (the “Consolidation”) ofthe common shares of the Company (the “Common Shares”) onthe basis of one (1) post-consolidation Common Share (each a“Post-ConsolidationShare”) for every two (2) pre-consolidationCommon Shares (the “Pre-Consolidation Shares”) with an effectivedate of February 20, 2026. The shareholders of the Company approvedthe Consolidation at the annual general and special meeting ofshareholders held on January 14, 2026. The number of issued andoutstanding Post-Consolidation Common Shares after completion of theConsolidation on the exchange ratio described above will be reducedfrom 24,672,144 Pre-Consolidation Shares to approximately 12,336,072Post-Consolidation Shares. No action is required by shareholders toeffect the Consolidation, and the Company's name will not change.For further information with respect to the Consolidation, please seethe Company's news release dated December 18, 2025 or theCompany's management information circular dated December 10, 2025which is available on www.sedarplus.ca.  Afurther news release will be issued in the event the Consolidationreceives the approval of the Exchange confirming when thePost-Consolidation Shares will commence trading.  

Cautionary Note Regarding Forward-LookingStatements

This news release includes certain"forward-looking statements" under applicable Canadiansecurities legislation. Forward-looking statements include, but arenot limited to, the Company's ability to obtain necessaryapprovals from the TSX Venture Exchange with respect to theConsolidation. Forward-looking statements are necessarily based upon anumber of estimates and assumptions that, while considered reasonable,are subject to known and unknown risks, uncertainties and otherfactors which may cause the actual results and future events to differmaterially from those expressed or implied by such forward-lookingstatements. There can be no assurance that such statements will proveto be accurate, as actual results and future events could differmaterially from those anticipated in such statements. Accordingly,readers should not place undue reliance on forward-looking statements.Labrador disclaims any intention or obligation to update or revise anyforward-looking statements, whether as a result of new information,future events or otherwise, except as required by law.

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.

For further information, please contact:

Jeff Graw CEO

Phone: (403) 477-9194

Email: jeffgraw.214@gmail.com

Or:

John Aihoshi CFO

Phone: (403) 617-9169

Email: Labradorresources@gmail.com

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