Vinland Lithium identifies high-priority tungsten targets; closes $300,000 flow-through financing

Thunder Bay, Ontario--(Newsfile Corp. - July 30, 2026) - Vinland Lithium Inc. (TSXV: VLD) ("Vinland" or the "Company") is pleased to announce that further review of the Company's extensive sampling database, has identified further high-priority targets containing highly anomalous tungsten. These occur in a serries of samples taken along the Top Pond Ridge area where Company personnel noted quartz veins with significant molybdenum within a large swarm of pegmatite dykes. In addition, recent results released from the Newfoundland government's mapping and sampling program has identified tungsten up to 0.87% W0 3 .

This is in the same general area where Benton sampling in 2021 had samples exceeding the maximum WO 3 detection limit of 1000 ppm. The Company recently completed further sampling in this area and some additional prospecting to the southwest on some newly acquired land. Additional work is being planned to commence in the coming weeks on Top Pond Ridge, North Kraken and other areas where tungsten has been identified.

Vinland's Killick project sits along the key structural corridor of the Appalachian - Caledonian Orogen which hosts the Piedmont Tin - Tungsten - Spodumene Belt and the Ireland Leinster Spodumene Belt. To date the Killick Lithium project is Newfoundland's only known lithium-spodumene and pollucite-cesium pegmatite discovery and covers approximately 48km of favorable host geology. President and CEO Stephen Stares states, "The Killick property continues to impress us with its critical mineral endowment.

The Company has discovered the first ever lithium, cesium and now large areas of anomalous high-grade tungsten within this unique geological environment. We look forward to exploring and evaluating its true potential. Recent demand for tungsten has led to record high prices and a rush to find new supply.

Vinland is potentially in a great position to participate in new discoveries of these critical metals." Private Placement Financing Subject to Regulatory approval, the Company announces that it intends to complete a non-brokered private placement flow-through financing of up to $300,000. The Company intends to issue up to 625,000 flow-through units at $0.48 per flow-through unit (the "FT Units"). Each FT Unit will consist of one flow-through common share and one half of a non-flow-through common share purchase warrant (the "Warrants"), with each full Warrant being exercisable at $0.70 per common share for a period of 24 months from the date of issue.

The FT Shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada). In connection with the Private Placement, the Company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four-month hold period.

The Private Placement is subject to approval by the TSX Venture Exchange. The proceeds raised from the FT Units will be used to advance the lithium, cesium and tungsten potential of the Company's Killick project and the Company will ensure that such Canadian Exploration Expenses qualify as a "flow-through mining expenditure" for purposes of the Income Tax Act (Canada), related to the exploration of the Company's exploration projects. 2026 Exploration Plans Prospecting follow-up on the 2025 discovery of lithium-rich float up to 1.70% Li ₂ O at Kraken West and South Prospecting and Mapping for the potential of tin - tungsten within the large Killick land package. Prospecting follow-up on 485 ppm Li in a previously unsampled area 1.2 km north of the Killick Dyke.

Continued Till Sampling across multiple areas with elevated spodumene grain counts to further define new target areas for Lithium, Cesium, Tin and Tungsten. Continued Detailed Ground Geophysics using magnetics and VLF-EM at Kraken-Killick which significantly improved resolution over prior airborne targets. Follow up Diamond Drilling on significant identified targets and known zones.

Vinland is also pleased to report that it has continued with the partnership with the Critical Minerals Research Initiative between St. Francis Xavier University, Memorial University and the Newfoundland Geological Survey in researching the lithium pegmatites in southwestern Newfoundland where a total of $1.3 million over 4 years is being directed toward detailed research on the property. About Killick Lithium Project : Vinland Lithium Inc. is a mineral exploration company listed on the TSX Venture Exchange under the symbol VLD. Vinalnd holds 100% interest in the Killick Lithium Project in Southwestern Newfoundland and subject only to a 2% NSR (1% each to Benton Resources and Pirate Gold).

Vinland is focused on advancing the recently-discovered Killick Lithium Project which covers 30 kilometers of highly-prospective geological terrane in proximity to the Baie d'Est Fault. The project boasts multiple spodumene-pegmatites within the Kraken Pegmatite Field and high-grade cesium-tantalum-lithium hosted in the Hydra Pegmatite. Further potential for discovery is excellent given the extensive number of untested geochemical and geophysical targets present.

All initial drilling phases at the Killick Lithium Project to date have returned impressive results from multiple pegmatites including: 8.4m of 0.95% Li 2 O in GH-22-01 at the Kraken Dyke, 16.2m of 0.43% Li 2 O in GH-22-05 at the Kraken North Dyke, 20.82m of 0.60% Li 2 O incl. 5.5m of 1.16% Li 2 O in GH-22-15, and 8.37m of 0.91% Li 2 O in GH-22-08 at the East Dyke and 15.23m of 1.04% Li 2 O in GH-22-27 and 13.37m of 1.22% Li 2 O in GH-22-45 at the Killick Dyke. At the Hydra Cesium Dyke , initial channel sample results to 8.75% Cs 2 O, 0.41% Li 2 O, 0.025% Ta 2 O 5 and 0.33% Rb 2 O over 1.2 meters including 13.57% Cs 2 0 and 0.32% Li 2 0 over 0.4m . Figure 1: Killick Lithium Project - Tungsten Map To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/11666/307259_2a3ff7dfd4c228a5_001full.jpg QA/QC Protocols Rock and core samples from 2022-2025 were submitted to SGS Canada Inc. in Grand Falls-Windsor, Newfoundland for preparation and then sent to the SGS Canada Inc. analytical laboratory in Burnaby, British Colombia for analysis.

All samples were acquired by hand (rocks) or saw-cut (channels/drill core) and delivered, by Vinland personnel, in sealed bags, to the Grand Falls-Windsor prep lab of SGS, which is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples are analyzed using SGS's GS_IMS91A50 method that delivers a 56-element package utilizing sodium peroxide fusion, ICP-AES, and ICP-MS analytical techniques. All reported assays are uncut.

Soil samples were collected by Vinland personnel utilizing a standard Dutch-auger, collecting B Horizon soil, where possible. Where B was not present, the soil horizon or type was noted. Soil samples were sent to Eastern Analytical Ltd., in Springdale, NL, for Li, Ta, Sn, and Nb analyses by four-acid digestion, analyzed by ICP-OES.

Some historic rock samples were analyzed using Eastern's Au (Fire assay) @ 30g + ICP-34 method that delivers a 34-element package utilizing a 200 mg subsample totally dissolved in four acids and analyzed by ICP-OES analytical technique. Eastern Analytical Ltd. achieved ISO 17025 accreditation in February 2014 (for more details on the scope of accreditation visit the CALA website ). Till samples were collected by Vinland personnel utilizing conventional shovel dug holes and screened to -10mm in the field.

Samples were shipped to Overburden Drilling Management (ODM) in Nepean, Ontario for analysis using their standard lithium indicator mineral package. Grab samples are selective in nature and may not represent the average mineralization of a bedrock exposure. QP Barry Sparkes, P.Geo., Vice President of Exploration for Vinland Lithium Inc., the 'Qualified Person' under National Instrument 43-101, has approved the scientific and technical disclosure in this news release and prepared or supervised its preparation.

On behalf of the Board of Directors of Vinland Lithium Inc., "Stephen Stares" Stephen Stares, President Parties interested in seeking more information can contact Mr. Stares at the number below. For further information, please contact: Stephen Stares, President & CEO Phone: 807-474-9020 Email: sstares@bentonresources.ca THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation.

Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements.

Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/307259 Newsfile Corp. July 30, 2026 - 5:00 AM PDT News by QuoteMedia www.quotemedia.com