Trident optioning Knife Lake Copper project to Apogee Minerals

Vancouver, BC, July 14, 2026 (GLOBE NEWSWIRE) -- Trident Resources Corp. (TSXV:  ROCK ) (OTCQB: TRDTF ) (Frankfurt: 6BP0 ) (“Trident” or the “Company”) is pleased to announce that it has entered into an option agreement dated July 13 th , 2026 (the "Agreement") with Apogee Minerals Ltd. ("Apogee"), an arm’s length party, pursuant to which Apogee may earn a 100% interest in Trident's Knife Lake Copper Project located in Saskatchewan. The transaction represents a strategic monetization of a non-core asset that preserves meaningful upside exposure for Trident shareholders while allowing the Company to remain focused on advancing its rapidly growing gold portfolio in Saskatchewan's La Ronge Gold Belt. Location Map of Knife Lake Project: https://www.tridentresourcescorp.com/projects/knife-lake-project/#&gid=1&pid=2 Under the Agreement, Trident will receive a total of C$400,000 in cash payments, 7,400,000 Apogee common shares (the “Shares”) on closing, additional Shares having a deemed value of C$700,000, and C$1,000,000 in exploration expenditures over the first two years following closing, while retaining no obligation to fund future work at Knife Lake.

"Our primary objective is to build one of Canada's premier emerging gold companies by unlocking the district-scale potential of the La Ronge Gold Belt," said Jon Wiesblatt, CEO of Trident Resources. "Knife Lake is an excellent copper asset, but our capital and technical expertise are increasingly focused on advancing our growing gold portfolio, led by the Contact Lake Gold Project. This transaction allows Knife Lake to begin creating value for our shareholders immediately through cash, equity ownership in Apogee and an upcoming exploration program, all while preserving our exposure to future discoveries without drawing on Trident's treasury.

Saskatchewan has demonstrated that multiple successful mining companies can be created through strategic partnerships and focused execution, and we believe this agreement positions both companies to pursue that opportunity." Transaction Highlights: Under the terms of the Agreement, Apogee may earn a 100% interest in the Knife Lake Property by satisfying the cash payment, share issuance and exploration expenditure commitments set out below. (1) The number of Shares issued for the first and second anniversary payments will be determined using the greater of $0.09 per Share and the 10-day volume weighted average closing price of the Shares on the TSX Venture Exchange at the applicable time.  The Agreement also contains customary provisions limiting Trident's ownership to below 10% of Apogee's outstanding shares and preventing Trident from becoming a reporting insider of Apogee, with any excess consideration payable in cash. Apogee will act as operator on the Property during the option period, may accelerate the exercise of the option at any time by completing the required payments and exploration expenditures, and may elect to satisfy any portion of the required exploration expenditures in cash. All securities issued pursuant to the Agreement will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.