High-grade fluorspar identified at Ashram Project's Mallard Prospect

Montreal, Quebec--(Newsfile Corp. - May 26, 2026) - Mont Royal Resources Ltd (ASX: MRZ) (TSXV: MRZL) ("Mont Royal" or "the Company") is pleased to provide an update on the significant fluorspar (CaF 2 ) potential contained within previous drilling results at the Mallard Prospect, located approximately 1.4km south-east of the Ashram Deposit within the Eldor Carbonatite Complex in Québec, Canada. HIGHLIGHTS High-grade fluorspar confirmed within the newly named "Flux Fluorite Zone" at the Mallard Prospect, with previous drilling confirming intercept grades up to 39.8% CaF 2 : 32.4m @ 26.1% CaF2 and 0.4% Nb 2 O 5 , from 203.9m (EC10-033), including: 5.0m @ 38.8% CaF 2 and 0.3% Nb 2 O 5 29.0m @ 21.7% CaF 2 and 0.2% Nb 2 O 5 from 275.0m (EC10-040), including: 6.6m @ 39.8% CaF2 and 0.3% Nb2O5 24.8 m @ 35.8% CaF 2 and 0.4% Nb 2 O 5 from 221.7m (EC24-209), 14.3m @ 21.7% CaF 2 and 0.3% Nb 2 O 5 from 249.0m (EC10-041) The Mallard Prospect is strategically located near the Ashram Deposit, which already hosts one of the largest Fluorspar deposits globally, supporting potential future development synergies. Fluorspar mineralisation remains open in multiple directions, with the interpreted mineralised zone extending over at least an 80m strike length and 150m vertical extent.

Global fluorspar market dynamics continue to strengthen, driven by growing global demand from the chemicals, steelmaking, semi-conductor and lithium-ion battery industries. China's transition to becoming a net importer of fluorspar is rapidly changing market dynamics and increasing the strategic importance of secure Western and allied supply chains for the critical mineral. Figure 1.

Plan view of Ashram REE & Fluorspar Deposit, the nearby niobium Mallard Prospect and Flux Fluorite Zone To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/12033/299006_4cc2464834afc819_001full.jpg Mont Royal's Managing Director, Nicholas Holthouse, said: "The Ashram Fluorspar