Abasca expands Loki Flake Graphite resource at Thor Zone

Highlights Abasca Resources Inc. announces the updated Mineral Resource Estimate (the "MRE") at its 100%-owned Loki Flake Graphite Deposit (the "Loki Deposit"), increasing the Inferred Resource from its previously announced maiden mineral resource estimate and upgrading a portion of the Inferred Resources to Indicated Resources: Indicated Resources: 6.99 Mt at 8.27 % Cg Inferred Resources: 15.83 Mt at 6.93 % Cg Conversion of 67% of prior Inferred Resource to Indicated Resource based on contained graphite The Loki Deposit is situated in one of the world's premier mining jurisdictions, 15 km south of existing Key Lake mill infrastructure and directly adjacent to provincial highway 914. The updated MRE includes results from the 2025 and 2026 exploration programs and will be incorporated into the in-progress Preliminary Economic Assessment ("PEA"). Assays from 4 drillholes at the mineralized graphitic Thor Zone, parallel to the Loki Deposit, each intersected multiple zones of mineralization up-dip of KLS-25-072 which included a main zone of 40 m at 8.57 % Cg (the Company previously released such results on August 25, 2025).

Composited intervals include: KLS-26-112: 74.75 m at 5.13 % Cg, including 18.75 m at 7.78 % Cg and 14.0 m at 7.8 % Cg. KLS-26-113: 89.0 m at 4.28 % Cg, including 13.0 m at 6.18 % Cg and 17.0 at 6.48 % Cg. KLS-26-114: 101.80 m at 4.31 % Cg, including 20.3 m at 5.56 % Cg and 17.0 m at 6.46 % Cg.

KLS-26-115: 114.0 m at 3.91 % Cg, including 14.0 m at 7.42 % Cg. SASKATOON, SK / ACCESS Newswire / July 14, 2026 / Abasca Resources Inc. (" Abasca " or the " Company ") (TSXV: ABA ) is pleased to announce the updated Mineral Resource Estimate (the " MRE ") (Table 1) at its Loki Flake Graphite Deposit at the Company's 100%-owned Key Lake South Project (the " Project ") located in northern Saskatchewan (Figure 1). The pit-constrained MRE conforms to the Reasonable Pro