Stuve Gold Corp. Announces Las Animas Property Acquisition and Proposed Private Placement

(TheNewswire)

CALGARY, ALBERTA – February 11,2026 – TheNewswire -Stuve Gold Corp. (“Stuve Gold” or the“Corporation”) (TSXV:STUV) announces that it has entered into anarm’s-length agreement to acquire the 3,100-hectare Las Animasproperty located in Chile’s IOGC belt near the Monto Verde open pitcopper mine (the “Acquisition”).

The Acquisition

The Las Animas property is being acquired from CompaniaMinera Cobalto Chile Limitada (“Cobalto Chile”) for a purchase price of CAD$800,000 payable via the issuance of 3,333,333 common shares of StuveGold at a deemed price of $0.24 per common share.  No warrants willbe issued in respect to the Acquisition and no “control person”will be created as a result of the common share issuance to CobaltoChile. The common shares issued in respect of the Acquisition will berestricted from being transferred until a date that is four (4) monthsand one day following closing of the Acquisition.  Closing of theAcquisition remains subject to the approval of the TSX VentureExchange.

The Las Animas Property

The Las Animas property is located in Chile,approximately 725 kilometres north of Santiago and is within thehistoric Las Animas high grade oxide copper-gold mining district. Itis readily accessible by paved and good gravel roads from the coastalcity of Chañaral, 25 kilometres to the northwest (see Figure 1). 

The Las Animas property consists of 15 explorationconcessions totaling 3,100 hectares that are 100% owned and are notsubject to any royalties, NSRs or any other encumbrances.

Property Geology

The Las Animas property covers a 10-kilometre stretchof the Atacama Fault System 12 kilometres northwest of CapstoneCopper´s Manto Verde open pit copper mine which, after 28 years ofproduction, had recently reported measured and indicated resourcesexceeding 594 MT1 with  gradesranging from 0.35 to 0.57% Cu, together with 0.09 to 0.1 g/t Au andwith 85 to 175 ppm Co. It should be noted that the informationpertaining to the Manto Verde mine is not necessarily indicative ofmineralization on the Las Animas property.

The Las Animas property is generally underlain by anUpper Jurassic monzonite-diorite-granodiorite intrusive complexbelonging to the Coastal IOCG belt.

The whole package is cut by large, 5-30+ m wide, N toNW trending structures belonging to the Atacama fault zone (Figure 2).Local Cu-Au mining activity within small artisanal mines occurswithin, and lateral to, these faults.

Several large 3 to 16 sq km zones of altered intrusivesoccur within the Las Animas property boundary. The largest, the Animaszone, occupies most of the NE half of the property and covers thejunctions of several strong N and NNW trending structures.

Mineralization and Alteration

The mineralization encountered in old mines and thealteration zones present on the Las Animas property is typical of IOCGvein and disseminated deposits i.e. quartz-hematite-sericite pluscopper sulphosalts, limonite and jarosite in the zone of oxidation andat depth as quartz-magnetite-cpy-py.  Copper pitch and pitch blendealso occur in the old dumps located within the Animas zone. Alterationwithin the structure zones is essentially sericitic to argillic andargillic adjacent to and within the alteration zones.  Uraniummineralization is also suggested by elevated gamma ray spectrometerreadings (see below).

Exploration History

Small scale mining was historically carried out on thelarger structures in the area since at least the 1930s, whenevercopper prices permitted.  Judging by the size of the old workings anddumps at some mines, thousands of tons of copper-gold enrichedmaterial was mined over widths of 1-10m and to depths of at least50-100m.

During field visits during 2009 and 2010 bypersonnel of the Canadian exploration company PolarStar Mining Ltd., most of the larger mines were checked for uraniumusing an Exploranium GS135 gamma ray spectrometer and detected severalstrong U readings above 100 ppm to a high of 840 ppm (1.85lbs/ton)(Walker, 2010).

During 2011, reconnaissance stream sediment samplingand residual soil and rock sampling programs were also conducted bythe same technical team in the central sector of the Animas zone. Theresults from these surveys confirm that most of the N to NW trendingstructures, especially within and adjacent to the Animas zone, areenriched in Cu and Au. Rock samples from the Animas zone consistentlyassayed greater than 1% Cu and 0.5 g/t Au with peak highs of 7.57% Cuand 7.34 g/t Au (see Figures 3 and 4) (Walker, 2011).

Resource Potential

The sampling program results obtained to date, togetherwith strong presence and continuity on satelliteimaging, suggest that the structures and their junctions and splaypoints exhibit good potential for significant sized IOCG vein/brecciadeposits. Local deposits of the IOCG type range in size from 1 to 580million tons, the largest being the Manto Verde deposit 12 km SE ofthe property.

The Manto Verde mine area is located at the junction ofa strong NNW-SSE fault trend and a prominent N-S fault within a 15square kilometer alteration zone. Several similar structuralconfluences occur on the Las Animas property in the 16 squarekilometer Animas alteration zone. Hence, by comparison, management ofthe Corporation believes the upside tonnage potential at Las Animascould be the same as the Manto Verde mine.

Regarding the Las Animas property’s potential,Terence Walker noted: “This is much more than a greenfield property. It sits on a parallel structural system like that at the nearby Manto Verde mine complex.  Significant old surface workings alreadyexist on the Las Animas property.  Sampling of those workings,together with extensive rock and soil sampling already conducted, haveyielded significant copper and gold grades. This has the potential forsignificant mineralization and tonnage.”

Perhaps of equal importance is the Las Animasproperty’s general geographical location.  Being within the coastalIOGC belt of Chile means that it is not at a high and difficultelevation. Furthermore, much of the infrastructure needed to bring amine into production such as improved roads, a nearby port, a nearbysmelter, high voltage power and a skilled mining labor force arealready either in place or nearby.  The Corporation’s management isexcited to expand the surface geo-chem work it did in the past whichis expected to be followed by geophysical surveys.  Shortlythereafter, and depending on the interpretation of the geophysicalprogram, the Corporation intends to commence the drilling with theobjective of delineating a major resource.

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Figure1 – Las Animas Property Location Map

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Figure 2 – Structural and Metallogenic Setting

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Figure 3 – CopperAnomaly Map

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Figure 4 – Gold Anomaly Map

Proposed Private Placement

Stuve Gold announces that it intends to complete aprivate placement of up to 12,500,000 units (“Units”) for grossproceeds of up to $3,000,000 (the “Offering”).  EachUnit will be priced at $0.24 and will consist of one common share ofthe Corporation (“CommonShare”) and one half of one common sharepurchase warrant (“Warrant”). Since the Corporation is relyingon the TSX Venture Exchange's "part and parcel" pricingrules, each full Warrant will entitle the holder to purchase anadditional Common Share for a period of one (1) year from the date ofclosing of the Offering at a price to be determined based on thetrading price of the Common Shares over the next few trading days. The Corporation may pay commissions of six percent (6%) to qualifiedfinders or agents and may issue broker warrants (“Broker Warrants”) for upto six percent (6%) of the total number of Units issued pursuant tothe Offering. Each Broker Warrant will entitle the holder to purchasea Common Share at a price of $0.24 for a period of one (1) year fromthe date of closing of the Offering.

Proceeds from the Offering, assuming the maximumOffering, will be used to conduct exploration activities on the LasAnimas property ($1,000,000), Stuve Gold’s existing properties($1,500,000), as well as for general working capital purposes, forexpenses related to the Offering, for the possible acquisition ofother properties and for repayment of debt obligations (up to$500,000). With the proceeds of the Offering, management of theCorporation plans to recommence exploration activities, that willinclude a significant portion of the proceeds and the majority ofmanagement's time, on the Corporation's existing portfolioof properties, especially on the Corporation’s Teresa/Coba SWproperty. See “Existing Stuve Gold Properties” below.

The Common Shares, Warrants and Broker Warrants issuedpursuant to the Offering will be subject to a four month and one dayhold period. Completion of the Offering remains subject to theapproval of the TSX Venture Exchange.

Director and OfficerAppointments

Discussions with individuals who may be appointed toStuve Gold’s board of directors or who will assume certain executivepositions have commenced and are ongoing.  Stuve Gold expects thatfurther announcements regarding additional executive and boardappointments will be made prior to, or concurrent with, closing of theOffering.

Existing Stuve Gold Properties

Stuve Gold continues to hold a promising portfolio ofproperties that have the potential to host accumulations of goldand/or silver and/or copper.  Those properties include Teresa/CobaSW, Roma, Santa Gracia and El Bosque.  The Teresa/Coba SW propertywas drilled by Stuve Gold in 2021.  That drilling program returnedsignificant gold and copper grades such that Teresa/Coba SW remains acore property for Stuve Gold.  Stuve Gold expects that its propertyportfolio includes properties that the Corporation will not be able toproperly advance and may be the subject of joint ventures with otherindustry participants in the future.

Qualified Person

The scientific and technical information contained inthis news release has been reviewed and approved by Terence Walker,M.Sc., P. Geo., who is the VP Exploration of the Corporation and whois a "qualified person" within the meaning of NationalInstrument 43-101.

About Stuve Gold

Stuve Gold is advancing mineral properties in Chilethat hold promising potential for gold, copper, silver, cobalt anduranium accumulations exhibited by historical mining activities on, orassociated with, those properties.  

Stuve Gold's Common Shares are listed on the TSX-Vunder the symbol "STUV". More information on Stuve Gold maybe viewed on www.sedarplus.ca or theCorporation's website www.stuvegoldcorp.ca.

Cautionary Note RegardingForward-Looking Statements

This news release includes certain"forward-looking statements" under applicable Canadiansecurities legislation. Forward-looking statements include, but arenot limited to, the Corporation's ability to obtain necessaryapprovals from the TSX Venture Exchange with respect to theAcquisition and Offering, the use of proceeds of the Offering, theCorporation's proposed drilling programs and anticipated results,potential director and officer appointments, and potential jointventure opportunities.   Forward-looking statements are necessarilybased upon a number of estimates and assumptions that, whileconsidered reasonable, are subject to known and unknown risks,uncertainties and other factors which may cause the actual results andfuture events to differ materially from those expressed or implied bysuch forward-looking statements. Such factors include, but are notlimited to: general business, economic, competitive, political andsocial uncertainties; delay or failure to receive board, shareholderor regulatory approvals; the price of metals including gold, silvercopper, cobalt and uranium; and the results of exploration programs.There can be no assurance that such statements will prove to beaccurate, as actual results and future events could differ materiallyfrom those anticipated in such statements. Accordingly, readers shouldnot place undue reliance on forward-looking statements. Stuve Golddisclaims 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 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.

For further information, pleasecontact:

Terence Walker

Phone: +56 9 5179 5902

Email: twalker@goldenrock.cl

Or:

Al Kroontje

Phone: +1 403 607 4009

Email: al@slgold.ca

1 Source: Ausenco Engineering Canada ULCNI 43-101 Compliant Technical Report dated July 1, 2024.

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