Mink Ventures Corporation Initiates Drill Program at Warren Ni Cu Co Project; Stakes Additional Claims at Its Montcalm Ni Cu Co Project; and Terminates Private Placement

VTEM Response Profile Map With Proposed 'P Series' Holes and Occurrences GNW

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TORONTO, June 18, 2026 (GLOBE NEWSWIRE) — Mink Ventures Corporation (TSXV:MINK) (“Mink” or the “Company“) today announced it has entered into a drill contract for its Warren Ni Cu Co project, located approximately 35 km west of Timmins, Ontario (Figure 1), to begin phase 2 of its 2026 exploration program a few weeks ahead of schedule. Phase 2 will test two VTEM targets. The Maxwell Plate study of these two targets recommended 420 meters of drilling to test for nickel copper bearing magmatic nickel sulphide. Mobilization of the drill is imminent and therefore, the Company will not be proceeding with the remainder of the non-brokered private placement announced May 12, 2026. The private placement raised gross proceeds of $881,920. See news release June 2, 2026.

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The presence of nickel, copper, and cobalt mineralization within a massive sulphide zone in the recent 2026 drilling on the A Zone at Warren, supports the potential for the deposition of larger magmatic sulphide zones across the property. 

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In May, Mink, acquired new airborne data which covers the western portion of the property where VTEM coverage was incomplete. VTEM survey data and Maxwell Plate analysis identified eight, brand new, high priority drill targets that are fully permitted and drill ready. VTEM can penetrate up to 500 meters and can better define potential massive sulphide mineralization targets similar to the mineralized zone intersected on the A Zone. Recent drilling at A Zone returned 7.1 meters of 0.44% Ni, 0.28% Cu and 0.06% Co; including a higher-grade intercept of 4 meters of 0.58% Ni, 0.18% Cu and 0.08% Co.

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In addition, the Company also announced it has staked an additional 4 km² adjacent to the southern boundary of its 100% owned Gambler claims which form part of its overall Montcalm project (Figure 1). Mink’s Montcalm project now covers 104 km², adjacent to Glencore’s former Montcalm Ni Cu Co mine, with historical production of 3.93 million tonnes of ore grading 1.25% Ni, 0.67% Cu and 0.051% Co (Ontario Geological Survey, Atkinson, 2010).

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Upon completion of phase 2 drilling at Warren, the Company plans to initiate a drill program at its Montcalm Ni Cu Co Project. This is expected to begin in late August or early September, subject to ground conditions for access at that time.

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In mid-December, preparation of the winter access road into the Warren property will begin in anticipation of the phase 3 drilling program, which will drill test three new VTEM targets proximal to historical drill hole ML-1 which returned 0.84% Cu over 4.3 meters (Figures 2 & 3).

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Qualified Person:

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Mr. Kevin Filo, P. Geo. (Ontario), is a qualified person within the meaning of National Instrument 43-101. Mr. Filo has verified the scientific and technical data disclosed in this news release by reviewing the underlying drill logs, assay certificates, and VTEM survey data. Mr. Filo approved the technical data disclosed in this release. For a detailed description of QA/QC procedures, sample preparation, and analytical methods, please refer to the Company’s news release dated March 11, 2026. Mr. Filo is an officer and director of the Company.