Edmonton, Alberta – February 10, 2026 – Sankamap Metals Inc. (CSE: SCU / WKN A3ESGU) (“Sankamap” or the “Company”) is pleased to announce assay results from its Oceania project on the Fauro property. The preliminary exploration program on the 24,000-hectare Fauro property, located in the Shortland Islands, Western Province of the Solomon Islands, included grab samples taken during a site visit in November 2025. These samples returned multiple high-grade gold (Au) and silver (Ag) results at the Meriguna target, including up to 116 grams per tonne (g/t) Au and 87.5 g/t Ag.
CEO John Florek commented:
“Once again, our work on the Fauro property has delivered very high-quality results. At Meriguna, approximately 2.5 kilometers north of the Kiovakse target area, where exceptional gold and copper values were previously obtained (see press release dated July 16, 2025), we continue to see compelling evidence of a robust mineralized system.
The scale of mineralization and the strength of grades found on the property highlight its significant discovery potential. Importantly, several analogous geophysical signatures along the edge of the caldera remain untested, offering considerable upside as we continue our exploration program.”
Highlights
- Meriguna returned multiple high-grade gold values of up to 116 g/t Au and averaged 16.4 g/t Au in all rock samples.
- Silver values show a strong correlation with gold and returned grades of up to 87.5 g/t Ag.
- Visible gold was identified throughout the property in surficial alluvial workings by local artisanal miners in the Meriguna prospect.
- Meriguna and the Kiovakse target area exhibit strongly comparable alteration and mineralization signatures, highlighting the potential scale and continuity of mineralization in this area.
- The team is advancing the exploration and refinement of the mineralized zones to generate priority drill targets.
- As part of a multi-stage exploration program for 2026, systematic sampling will continue to validate historical results, followed by targeted geophysical surveys. All data will be integrated to design a targeted drilling program aimed at confirming historical intercepts and testing extensions of mineralization that remain open at depth and along strike.
Discussion of Results
The Meriguna target area on the Fauro property continues to deliver highly encouraging results and is located approximately 2.5 km from the Kiovakse target area, highlighting the larger prospectivity of the area. The November 2025 site visit successfully validated the historical data while providing new geological vectors to refine and prioritize future drill planning. As summarized in the attached table (see Table 1), surface samples returned multiple high-grade gold values, including exceptional assay results of up to 116 g/t Au, underscoring the presence of a robust mineralizing system at Meriguna.
These high-grade gold values, along with consistently elevated gold, silver, and copper results from both the Meriguna and nearby Kiovakse target areas, highlight the effectiveness of the Company’s focused and systematic exploration strategy. Overall, the results support the presence of a strong epithermal system and further advance the delineation of multiple priority target areas on the Fauro property.
Table of Results
| Sample ID | Year | Au (g/t) | Ag (g/t) |
| D09101 | 2025 | 1,09 | 0.5 |
| D09104 | 2025 | 2,47 | 0,6 |
| D09105 | 2025 | 1,39 | 28,2 |
| D09106 | 2025 | 13,4 | 23,3 |
| D09107 | 2025 | 4,7 | 45,3 |
| D09108 | 2025 | 0,84 | 8,5 |
| D09109 | 2025 | 0,97 | 7,5 |
| D09110 | 2025 | 3,08 | 7,9 |
| D09111 | 2025 | 7,83 | 21,4 |
| D09112 | 2025 | 81,1 | 37 |
| D09113 | 2025 | 116,0 | 87,5 |
| D09114 | 2025 | 2,09 | 4,5 |
| D09115 | 2025 | 10,5 | 43,2 |
Table 1: Selected rock samples and assay results collected in November 2025 at the Meriguna target area.
Figure 1: Fauro property boundaries with magnetic overlay and location of target areas.
Figure 2: Fauro Property – Meriguna Target Area with Historical Trench Highlights and New Sample Locations from November 2025 Sampling
Property Description
The Fauro property is strategically located along a regional Cu-Au trend that hosts significant deposits such as Lihir and Panguna1. Fauro shares the same key tectonic and geological features as these deposits and lies within a largely unexplored region.
1Lihir with 71M oz gold:
Proven and Probable: 310Mt @ 2.3 g/t Au for 23M oz gold Indicated: 520Mt @ 2.3 g/t Au for 39M oz gold
Measured: 81Mt @ 1.9 g/t Au for 5M oz gold Inferred: 61Mt @ 2.3 g/t Au for 4.9M oz gold
Panguna with 19.3M oz gold + 5.3M tonnes copper
Indicated: 1.5Mt @ 0.33 g/t Au for 16.1M oz gold and 0.3% Cu for 4.6M tonnes copper Inferred: 300Mt @ 0.4 g/t Au for 3.2M oz gold and 0.7M tonnes copper
Next Steps on the Property – 2026 Exploration
Historical drilling, surface sampling, and geophysical work on the Fauro property have identified multiple near-surface epithermal gold systems. Recent rock sampling at the Meriguna target area has confirmed significant surface gold mineralization.
As part of a multi-stage exploration program for 2026, systematic sampling will continue to validate the historical results, followed by targeted geophysical surveys, if warranted. All data will be integrated to design a targeted drilling program aimed at confirming historical intercepts and testing extensions of mineralization that remain open at depth and along strike.
Quality Assurance and Control Procedures
Sample preparation and analysis were conducted at the National Association of Testing Authorities (NATA) accredited ALS Global Facility in Brisbane, Australia, complying with ISO/IEC 17025 international standards. Samples were analyzed for 34 elements using four acid digestion methods: HF-HNO3-HCIO4 acid digestion, HCL leach, and ACP-AES. Gold was analyzed using the fire assay method with a 50g sample under ALS code Au-AA26. A secure chain of custody procedure was employed for storing and transporting samples. Sankamap uses industry standard practices for sampling on the Fauro property, with internal Quality Assurance and Quality Control (QAQC) procedures followed by ALS.
About Sankamap Metals Inc.
Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits within its flagship Oceania project in the South Pacific. The Company’s fully permitted assets are strategically located in the Solomon Islands, along a prolific geological trend that hosts significant copper-gold deposits, including Newmont’s Lihir Mine with a resource of 71.9 million ounces of gold¹ (310Mt @ 2.3 g/t Au for 23M oz Au P+P, 520Mt @ 2.3 g/t Au for 39M oz Au Indicated, 81Mt @ 1.9 g/t Au for 5M oz Au Measured, 61Mt @ 2.3 g/t Au for 4.9M oz Au Inferred).
Exploration is actively advancing on both the Kuma and Fauro properties, which form part of Sankamap’s Oceania project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a prospective copper and gold-bearing trend, suggesting the possibility of further, as-yet undiscovered deposits.
At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock samples returned consistently elevated gold values exceeding 0.5 g/t Au, including one standout sample grading 11.7% Cu and 13.5 g/t Au3, underscoring the area’s considerable potential.
At Fauro, particularly at the Meriguna target, historical trenching has yielded highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au4. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au4, as well as Sankamap’s recent sampling at the Kiovakase target area, which returned numerous high-grade copper values of up to 4.09% Cu. Furthermore, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au4, further emphasizing the property’s strong mineral potential and the value of continued exploration. With its commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and deliver significant value to its shareholders. For more information, please visit SEDAR+ (www.sedarplus.ca) under Sankamap’s profile.
- Newcrest Technical Report, 2020 (Lihir: 310Mt @ 2.3 g/t Au for 23M oz gold P+P, 520Mt @ 2.3 g/t Au for 39M oz gold Indicated, 81Mt @ 1.9 g/t Au for 5M oz gold Measured, 61Mt @ 2.3 g/t Au for 4.9M oz gold Inferred)
- Bougainville Copper Ltd. Annual Report 2016 (1.5Mt @ 0.33 g/t Au for 16.1M oz gold and 0.3% Cu for 4.6M tonnes copper Indicated, 300Mt @ 0.4 g/t Au for 3.2M oz gold and 0.7M tonnes copper Inferred)
- Historical Grab Samples, Soil Samples and BLEG Samples from SolGold Kuma Review June 2015 and SolGold plc Annual Report 2013/2012
- Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012 press releases from September 2010 to June 2012
QP Disclosure
The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person as defined by CIM guidelines. Mr. John Florek is a member of the Professional Geoscientists of Ontario (Membership Number: 1228) and is a Director and Officer of the Company.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “John Florek”
John Florek, M.Sc., P.Geol Chief Executive Officer Sankamap Metals Inc.
Contact:
John Florek, CEO
T: (807) 228-3531
E: johnf@sankamap.com
Krystle Adair, Vice President Exploration
T: (778) 558-3635
E: krystlea@sankamap.com
The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.
Forward-Looking Statements
Forward-Looking Statements Certain statements in this press release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws, including, without limitation, the timing, nature, scope and details of the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements are qualified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “forecast”, “project”, “predict” and other similar terminology, or the negative of these terms, or by statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release.
The forward-looking statements and information contained herein are based on certain factors and assumptions including, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of funding, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue reliance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information, except as, and to the extent required by, applicable securities laws.
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