Panther Minerals Begins Exploration Program at the East Brouillan Property and Announces Proposed Transaction

(TheNewswire)

Vancouver, British Columbia /February 19, 2026 – TheNewswire - PantherMinerals Inc. (“Panther Minerals” orthe “Company”) (CSE:PURR)(OTCQB:GLIOF) (FWB:2BC), a North Americanmineral acquisition and exploration company, is pleased to announcethe initiation of exploration activities on its East Brouillan CopperProperty (the “EBProperty”).

The EB Property comprises a package of 14 claims,covering approximately 778 hectares of ground situated in the northernpart of the late Archean Abitibi greenstone belt of Quebec on theeastern flank of the Brouillan Volcanic Complex, adjacent to theBrouillan tonalitic batholite which is a large syn-volcanic intrusionthat is overlain by a coeval sequence of calc-alkaline to transitionalmafic to felsic volcanics and tuffs.

This complex is a significant member of themineral-rich northwestern Abitibi sub-province of Quebec, host tonumerous showings and significant discoveries and deposits includingthe:

• B26 Deposit (Indicated 13.0 Mt at 2.1% CuEq and 12.3 MtInferred at 2.2% CuEq) 

• Selbaie Mine (Produced 56.5 Mt at 0.9% Cu; 1.9% Zn, 38g/t Ag and 0.6 g/t Au) 

Readers are cautioned that the geology of nearbyproperties is not necessarily indicative of the geology of the EBProperty.

This phase of exploration aims to generate variousexploration information layers along a systematic program at twodifferent scales—regional and local—to be referenced for areareduction and VMS mineralization potential targeting, as well as othertypes of mineralization within the project area.

Regional Scale:The planned regional-scale exploration program includes regionalprospecting across the property, airborne geophysics, and regionalsoil sampling.

• Prospecting:Designed to identify outcrops and conduct sampling.  

• Geophysics:Expected to build on the recent drone magnetic and VLF surveys tofurther assess targets at depth. 

Local Scale:The exploration program is expected to include geological mapping ofgeophysical target zones and local geochemical soil sampling. Theseactivities are designed to assess the mineralization potential andfurther define the geological and geochemical features associated withthe potentials.

Three targets will be the focus for exploration:

• West: two NW-SEelectromagnetic conductors correlated with N-S high magnetic anomalieswhich are associated with an inferred structural feature (fault) aswell as the volcanics and diabase dykes contact zones. 

• East: severalNW-SE electromagnetic conductors which are correlated with low tomoderate magnetic anomalies associated with lithological contacts,e.g., volcanics-andesitic tuff, gabbro-andesitic tuff, and andesitictuff-tonalite.  

• North: severalNW-SE electromagnetic conductors which are correlated with lowmagnetic anomalies associated with tonalite-diorite contactzones. 

The Company will provide updates throughout theupcoming field season as the program progresses and looks forward tosharing news as its advances the EB Property.

The Company is also pleased to announce that it hasentered into an arm’s length sale and purchase agreement datedFebruary 18, 2026 (the “Agreement”), for the right to purchase a onehundred percent (100%) interest in the Rubidium Ridge Lithium-Tantalumproperty (the “RRProperty”) from UshaResources Ltd. (TSXV:USHA)(“Usha”).

The RR Property consists of 110 claims and is anadvanced grassroots exploration project located approximately 180kilometres west of Thunder Bay. Exploration work by USHA hasidentified the following:

• Detailed sampling and hand stripping have successfullyidentified beryl and Nb-Ta oxides over ~2 km strike length.Fractionation indicators suggest the dykes have reached spodumene-typedegrees of fractionation. 

• Results also indicate Li, Cs, and Rb elevations in themetasedimentary host rocks around the beryl-type pegmatites, with upto 450 ppm Li returned in the metasedimentary rocks adjacent to thelargest of the beryl-type dykes.  

• Evolved chemical signatures of grab samples from Bingopegmatite outcrops illustrate elevated grades for Cs, Ga, Li, Nb, Rband Ta as high as 956 ppm, 228 ppm, 724 ppm, 1,088ppm, 4,100 ppm and557 ppm, respectively.  

Pursuant to the Agreement, the Company will acquire(the “ProposedTransaction”) its 100% interest in the RRProperty by paying to Usha $80,000 cash and 4,500,000 common shares inthe capital of the Company (the “Consideration Shares”).

The RR Property is subject to a 2% net smelter returns(“NSR”) royalty with a 1% buyback for $1,000,000 and a right offirst refusal on the remaining 1% of the NSR.

In addition to all required statutory hold periodsapplicable under National Instrument 45-106 – Prospectus Exemptions, all Consideration Shares will be subject to a six (6) monthvoluntary escrow provisions (the “Escrow Period”) wherebyUsha may not trade the Consideration Shares during the Escrow Period.  The parties to the Agreement are arm’s length to the Company andthere are no finder’s fees payable in the Proposed Transaction. The Proposed Transaction is subject to receipt of all necessaryregulatory approvals, including, as applicable, all required filingswith the Canadian Securities Exchange (“CSE”), completionof due diligence reasonable or customary in a transaction of a similarnature, the publishing of a technical report for the RR Propertypursuant to National Instrument 43-101 - Standards of Disclosure for MineralProjects, and other conditions precedent.

Qualified person

The technical content of this news release has beenreviewed and approved by Mr. Babak V. Azar, P.Geo. (EGBC#62313,OGQ#10876), an independent consultant and qualified person as definedby National Instrument 43-101. Historical reports provided by theoptionor were reviewed by the qualified person.

About Panther Minerals Inc.

Panther Minerals Inc. is a North American mineralacquisition and exploration company focused on the development ofquality precious and base metal properties that are drill-ready withhigh-upside and expansion potential. Panther Minerals trades on theCSE under the symbol PURR, the OTCQB under the symbol GLIOF and in FWBunder the symbol 2BC.

PANTHER MINERALS INC.

Ram Kumar, CEO and Director

For more information, please call 877-305-4150, [email protected].  

Neither the Canadian Securities Exchange nor itsRegulation Services Provider accepts responsibility for the adequacyor accuracy of this release.

References:

1. Yann Camus P.Eng. of SGS Canada Inc., February 05,2026, News Release, Abitibi Metals Corp. 

2. Mario Mansson, February 17, 2016, News Release, MidlandExploration Inc. 

3. Heyday Geological Consulting (2024), 2023-2024 SurfaceProspecting Technical Report in White Willow Property, USHA Resources 

Forward-looking statements:

This news release contains“forward-looking information” and “forward-looking statements”within the meaning of applicable Canadian securities laws(collectively, “forward-looking statements”). Forward-lookingstatements are statements that are not historical facts and aregenerally identified by words such as “expects”, “plans”,“intends”, “anticipates”, “believes”, “estimates”,“may”, “will”, “should”, “could” and similarexpressions. Forward-looking statements in this news release include,but are not limited to, statements regarding: the Company’s proposedexploration and development plans and potential work programs on itsproperties; the potential to validate, expand upon or otherwiseadvance on any historic exploration results referenced in this newsrelease.

Forward-looking statements are basedon management’s reasonable assumptions, estimates and opinions as ofthe date of this news release. Such assumptions include, withoutlimitation: the proposed work program at the EB Property, statementsrelating to the Proposed Transaction, that the Company will obtain all requiredapprovals, including any required regulatory approvals, and that theCompany will be able to complete any share issuances contemplatedunder the Agreement subject to regulatory approval; that the Company will be able to obtainall necessary corporate, regulatory and stock exchange approvals; thatthe Company will be able to carry out exploration activities asplanned; that exploration results will be consistent withmanagement’s expectations; that contractors and service providerswill perform as expected; and that general business and economicconditions will remain supportive of the Company’s plans.

Forward-looking statements involveknown and unknown risks, uncertainties and other factors that maycause actual results or events to differ materially from thoseexpressed or implied by such forward-looking statements. These risksand uncertainties include, but are not limited to: risks that required approvals, includingacceptance by the CSE, are delayed or not obtained, and that any shareissuances may be subject to additional conditions or may not becompleted on the timeline anticipated; financing risk and equity marketvolatility; the risk that required regulatory or stock exchangeapprovals are delayed or not obtained; exploration risk, including therisk that exploration results are not as anticipated or do not supportfurther advancement of the Property; risks related to theinterpretation of exploration data and the reliability of any historicinformation; risks associated with the use of new technologies anddata-driven methods; operational risks and hazards; environmentalrisks and liabilities; permitting and land access risks; changes inlaws, regulations and government policies; community and Indigenousrelations risks; commodity price fluctuations; and general business,economic, competitive, political and social uncertainties.

The Company is an exploration-stageissuer and does not currently have mineral reserves. Exploration isspeculative, requires substantial expenditures and may not result inthe discovery of economically recoverable mineralization. There can beno assurance that any forward-looking statements will prove to beaccurate, as actual results and future events may differ materiallyfrom those anticipated. Readers are cautioned not to place unduereliance on forward-looking statements. The Company does not undertaketo update or revise any forward-looking statements except as requiredby applicable law.

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