Viridian outlines initial exploration target at Kraken Main

TORONTO, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Viridian Metals Inc. (“Viridian” or the “Company”) is pleased to announce an Exploration Target of 41 to 61 million tonnes grading 0.35% to 0.52% copper equivalent (“CuEq”) at Kraken Main, part of the Company’s 100%-owned Kraken copper-nickel-cobalt project in Labrador. The potential quantity and grade an Exploration Target are conceptual in nature. There has been insufficient exploration to define a Mineral Resource, and it is uncertain if further exploration will result in the Exploration Target being delineated as a Mineral Resource.

Highlights

Conceptual Exploration Target of 41–61 Mt grading 0.35–0.52% CuEq

Target is based on a modelled average mineralized thickness of 8.6 metres

Ongoing 2026 drilling - including the recently reported 50.15-metre mineralized interval - is not included in the Conceptual Exploration Target

The Initial Exploration Target is based entirely on drilling completed prior to the current 2026 program and uses an average mineralized thickness of 8.6 metres. None of Viridian’s 2026 drilling is included, including the recently reported 50.15-metre mineralized interval in VKS25-024 (as reported in Viridian’s news release dated September 8, 2026).

“The important thing about this initial target is what is not in it,” said Tyrell Sutherland, President and CEO of Viridian Metals. “It is based on an average mineralized thickness of just 8.6 metres, includes none of our 2026 drilling and covers only Kraken Main within a broader system containing over 60 conductors. With relatively sparse drilling informing the target, there remains a great deal to learn about the thickness and continuity of this zone. We have already reported mineralized intervals exceeding 50 metres from this year’s program and continue to infill it to better define its scale. This gives us a solid starting point for understanding the potential of the broader