Apogee Minerals closes Knife Lake copper option and files NI 43-101 report

Apogee Minerals Closes Knife Lake Copper Project Option Transaction and Files Independent NI 43-101 Technical Report

Vancouver, British Columbia, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Apogee Minerals Ltd. (“Apogee” or the “Company”) (TSXV: APMI) is pleased to announce that it has closed its previously announced option transaction (the “Transaction”) with Trident Resources Corp. (“Trident”) (TSXV: ROCK), an arm’s length party, pursuant to which Trident has granted the Company the sole and exclusive right and option (the “Option”) to acquire a 100% right, title and interest in and to the Knife Lake Copper Project located in east-central Saskatchewan (the “Property” or the “Knife Lake Project”), subject to the Underlying NSR Royalties described below. Concurrently with the closing of the Transaction, the Company has filed an independent technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) titled “NI 43-101 Technical Report on the Knife Lake Copper VMS Project, Saskatchewan” (the “Technical Report”), with an effective date of July 13, 2026 and a signature date of August 24, 2026, in respect of the Property. The Transaction was previously announced in the Company’s news release dated July 14, 2026.

The Transaction has received final acceptance from the TSX Venture Exchange (the “TSXV”). In connection with the closing of the Transaction (the “Closing”, and the date of Closing, the “Closing Date”), the Company paid Trident $100,000 in cash and issued to Trident 7,400,000 common shares of the Company (each, a “Share”). All Shares issued are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws. Apogee will act as operator on the Property during the option period, and no finder’s fees are payable in connection with the Transaction.

Transaction Terms:

To exercise the Option and acquire a 100% interest in the Property, the Company must pay Trident a total of $400,000 in cash, issue a total of 7,400,000 Shares plus Shares having an aggregate deemed value of $700,000, and incur a minimum of $1,000,000 in exploration expenditures on the Property, as follows:

Date	Cash Payments	Share Issuances	Exploration Expenditures
On the Closing Date	$100,000	7,400,000 Shares	—
On or before the first anniversary of the Closing Date	$150,000	Shares having a deemed value of $350,000