Fox Tungsten intersects multiple mineralized zones at Fox North

Vancouver, British Columbia – July 28, 2026 – TheNewswire - Fox Tungsten Ltd. (TSXV: FOXT) ("Fox Tungsten" or the "Company") is pleased to provide an update on its fully funded 20,000 metre diamond drill program at the Fox Project in British Columbia, where drilling has successfully intersected visible scheelite mineralization in multiple target areas, including several previously unrecognized parallel mineralized zones at Fox North. Analytical results have not yet been received. However, visual observations from drilling completed to date provide encouraging indications that the Company's exploration program is successfully expanding the mineralized system.

Highlights Scheelite observed in 100% (3 of 3) exploration holes completed at Fox North. Scheelite observed in 100% (7 of 7) RC resource expansion holes drilled to date. Two diamond drill rigs operating; 20,000 metre program progressing on schedule.

Initial assay results expected in the coming weeks. Fox North Scheelite mineralization is visible in all three exploration holes at Fox North completed to date. Drilling has intersected multiple new parallel mineralized zones located between 375 meters and 675 meters west of the BK Zone.

These new mineralized zones strengthen the Company's confidence in the geological model that the Fox deposit comprises a series of stacked, parallel tungsten-bearing zones and support the potential for significant expansion of the current Mineral Resource both laterally and vertically across parallel zones. Figure 1 – Fox North Cross Section RC Zone Visible scheelite mineralization has been observed in all seven resource expansion holes drilled to date at the RC Zone. These scheelite-bearing intersections extend the known mineralized footprint to the south towards the BN Zone and support the Company's interpretation that mineralization remains open along strike.

Figure 2 – Plan View of the Fox P