Corcel drills Cu-Au skarn with porphyry Cu-Au center at Yuma King, Arizona

Vancouver, British Columbia--(Newsfile Corp. - August 12, 2026) - Corcel Exploration Inc. (CSE: CRCL) (OTCQB: CRLEF) (FSE: Y67) (the " Company " or " Corcel ") is pleased to announce the final assay results from the recently completed Phase I drill program at the Yuma King Project (the " Project ") located in west-central Arizona. The initial campaign successfully completed 1,087 meters across six drill holes with copper and gold in each drill hole.

Highlights

YK26-005A: Intersected copper-gold mineralization east of hole YK26-001. Results include:

8.97 meters of 0.46% Cu, 0.39 g/t Au, 3.8 g/t Ag, and 250 ppm Mo 1 starting at 116 meters downhole, adjacent to a porphyry intrusion containing 47 meters of strongly anomalous copper-gold-molybdenum

YK26-006: Intersected two distinct mineralized zones, separated by 151-meter interval of porphyritic intrusion containing strongly anomalous copper-gold-molybdenum. Results include:

4.4 meters of 0.71% Cu, 0.19 g/t Au, 8.46 g/t Ag, and 5.5 ppm Mo 1 starting at 28.05 meters downhole,

24.5 meters of 0.47% Cu, 0.32 g/t Au, 3.59 g/t Ag, and 164 ppm Mo from 212 meters downhole and including,

10.14 meters of 0.65% Cu, 0.47 g/t Au, 4.73 g/t Ag, and 141 ppm Mo from 219.21 meters downhole

Porphyry-style alteration and mineralization: Elevated copper, gold, and molybdenum (up to 0.22% Cu, 0.24 g/t Au, and 1100 ppm Mo) in altered porphyritic intrusions associated with skarn-related mineralization in drill holes YK26-005A and YK26-006 provide compelling evidence that a porphyry-related copper-gold system may be present nearby.

Expanded skarn potential at depth: Copper-gold mineralized skarn intersected twice in drill hole YK26-006 and suggests that the skarn horizon is structurally duplicated or that skarn may occur in multiple horizons, significantly increasing the target's exploration potential and the prospect