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Barksdale Resources Completes Payment for 51% Ownership of Sunnyside

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Barksdale Resources (OTCQB: BRKCF) has achieved a significant milestone by completing Phase I earn-in requirements for the Sunnyside project in Arizona. The company has secured 51% permanent ownership through a C$1 million cash payment and issuance of 5 million shares to Regal Resources.

The company is now pursuing Phase II earn-in requirements to increase ownership to 67.5%, which involves completing 7,260 metres of drilling, a payment of C$550,000, and issuing 4.9 million shares. Barksdale has designed a comprehensive drill program to test copper, silver, and base metal targets previously identified by ASARCO between 1970-1992.

Barksdale Resources (OTCQB: BRKCF) ha raggiunto un traguardo importante completando i requisiti di earn-in della Fase I per il progetto Sunnyside in Arizona. La società ha ottenuto il 51% di proprietà permanente mediante un pagamento in contanti di C$1 milione e l’emissione di 5 milioni di azioni a Regal Resources.

Ora la società sta puntando al completamento della Fase II per salire al 67,5%, che prevede 7.260 metri di perforazione, un pagamento di C$550.000 e l’emissione di 4,9 milioni di azioni. Barksdale ha pianificato un programma di trivellazione completo per testare obiettivi di rame, argento e metalli di base precedentemente identificati da ASARCO tra il 1970 e il 1992.

Barksdale Resources (OTCQB: BRKCF) ha alcanzado un hito importante al completar los requisitos de earn-in de la Fase I para el proyecto Sunnyside en Arizona. La compañía ha asegurado el 51% de propiedad permanente mediante un pago en efectivo de C$1 millón y la emisión de 5 millones de acciones a Regal Resources.

Ahora la empresa busca cumplir los requisitos de la Fase II para aumentar la participación al 67,5%, lo cual incluye completar 7.260 metros de perforación, un pago de C$550.000 y emitir 4,9 millones de acciones. Barksdale ha diseñado un programa de perforación integral para probar objetivos de cobre, plata y metales básicos identificados previamente por ASARCO entre 1970 y 1992.

Barksdale Resources (OTCQB: BRKCF)� 애리조나� Sunnyside 프로젝트� 대� 1단계 인수 조건(Phase I earn-in)� 완료하며 중요� 이정표를 달성했습니다. 회사� Regal Resources� 미화 C$100만의 현금 지�500� � 발행� 통해 영구 소유� 51%� 확보했습니다.

현재 회사� 소유 지분을 67.5%� 확대하기 위한 2단계 요건(Phase II earn-in)� 진행 중이�, 여기에는 7,260미터� 시추, $55� 지� � 490� � 발행� 포함됩니�. Barksdale� 1970년에� 1992� 사이 ASARCO가 식별� 구리, 은 � 기본 금속 목표들을 시험하기 위한 포괄적인 시추 프로그램� 설계했습니다.

Barksdale Resources (OTCQB: BRKCF) a franchi une étape importante en complétant les exigences d’earn-in de la Phase I pour le projet Sunnyside en Arizona. La société a obtenu 51% de propriété permanente via un paiement en espèces de C$1 million et l’émission de 5 millions d’actions à Regal Resources.

La société vise désormais les exigences de la Phase II pour porter sa participation à 67,5%, ce qui implique de réaliser 7 260 mètres de forage, un paiement de C$550 000 et l’émission de 4,9 millions d’actions. Barksdale a conçu un programme de forage complet pour tester des cibles de cuivre, d’argent et de métaux de base précédemment identifiées par ASARCO entre 1970 et 1992.

Barksdale Resources (OTCQB: BRKCF) hat einen wichtigen Meilenstein erreicht und die Earn-in-Anforderungen der Phase I für das Sunnyside-Projekt in Arizona erfüllt. Das Unternehmen sicherte sich 51% dauerhaften Eigentums durch eine C$1 Million Barzahlung und die Ausgabe von 5 Millionen Aktien an Regal Resources.

Nun verfolgt das Unternehmen die Earn-in-Anforderungen der Phase II, um den Anteil auf 67,5% zu erhöhen. Diese sehen 7.260 Meter Bohrungen, eine Zahlung von C$550.000 und die Ausgabe von 4,9 Millionen Aktien vor. Barksdale hat ein umfassendes Bohrprogramm entworfen, um Kupfer-, Silber- und Basismetallziele zu testen, die ASARCO zwischen 1970 und 1992 identifiziert hatte.

Positive
  • Secured permanent 51% ownership of Sunnyside project through completion of Phase I requirements
  • Drill programs have successfully intersected South32's Taylor deposit extension
  • Clear path to increase ownership to 67.5% through Phase II requirements
  • Historical drill programs indicate presence of copper, manganese, antimony and silver deposits
Negative
  • Significant additional capital expenditure required for Phase II completion
  • Share dilution from issuance of 5 million shares with additional 4.9 million planned
  • Four-month trading hold period restriction on issued shares

JV With Regal Resources Moves Forward

Vancouver, British Columbia--(Newsfile Corp. - September 4, 2025) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ) ("Barksdale" or the "Company") is pleased to announce that it has completed the C$1 million cash payment and released 5 million shares of Barksdale stock, both to Regal Resources (now Great Basin Minerals). These payments fulfill all the Phase I earn-in requirements securing a permanent 51% ownership of the Sunnyside project in Arizona, U.S.A. ( May 13, 2025.) Shares provided to Regal are subject to a four-month trading hold period.

"Completion of all the Phase I earn-in stipulations outlined in the Barksdale-Regal joint venture agreement within the two-year period is a significant accomplishment on behalf of all Barksdale stakeholders," said CEO William Wulftange.

"Just as important, the associated drill programs have intersected the down-dip extension of South32's Taylor deposit and initiated testing of copper porphyry-style mineralization located solely on the Sunnyside Property where historical drill programs reported intervals with elevated copper, manganese, antimony and silver values," he added.

"Barksdale is now focused on completing the Phase II earn-in stipulations that take the Company to a permanent 67.5% ownership of the prospective Sunnyside project within the next two-year period. This requires completing an additional 7,260 metres (25,000 feet) of drilling and payment of C$550,000 and issuance of 4.9 million shares," said Mr. Wulftange. Once the 67.5% ownership is reached, the Company intends to drill the extension of South32's Peake copper deposit on Sunnyside's boundary.

Proposed Fall Drill Campaign

The Company has designed a 7,260 metre (25,000 feet) drill program to efficiently test copper, silver and associated base metal targets found exclusively on the Sunnyside property. These targets, previously identified by ASARCO during their 1970 through1992 exploration programs, were recommended for follow-up drilling which was not completed. The Company plans to initiate select ASARCO recommended follow-up drilling. The Company is currently soliciting bids from drill companies to complete this work.

Qualified Person

William Wulftange, Reg.Mem. SME, a Qualified Person under National Instrument 43-101, has reviewed and approved the technical content of this release. He is the CEO and director of Barksdale.

About Barksdale Resources Corp.

At Barksdale, our mission is to drive long-term shareholder value through the strategic acquisition, exploration, and advancement of high-quality critical, base, and precious metal projects across the Americas.

We are focused on the metals essential to the global energy transition and modern infrastructure-particularly copper, zinc, and other critical minerals-at a time when secure, domestic and regional sources are more important than ever.

With a sharp focus on critical metals and a commitment to responsible growth, Barksdale is positioned to play a key role in meeting tomorrow's resource needs.

On Behalf of Barksdale Resources Corp:
William Wulftange
Chief Executive Officer and Director
[email protected]
604-398-5385

Ira M. Gostin
Investor Relations
604-398-5385 x3
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Statements:

This news release may contain certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the Phase II earn-in and meeting the requirements thereof, and the proposed Fall 2025 drill program and results therefrom are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Barksdale, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the Company has made assumptions and estimates based on or related to many of these factors. All forward-looking statements contained in this news release are qualified by these cautionary statements and those in the Company's continuous disclosure filings available on SEDAR+ at . Readers should not place undue reliance on the forward-looking statements contained in this news release concerning these items. Barksdale does not assume any obligation to update the forward-looking statements if beliefs, opinions, projections, or other factors, should change, except as required by applicable securities laws.

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FAQ

What ownership percentage did Barksdale Resources (BRKCF) secure in the Sunnyside project?

Barksdale Resources secured a 51% permanent ownership in the Sunnyside project through completion of Phase I earn-in requirements, including a C$1 million cash payment and 5 million shares issuance.

What are the Phase II requirements for Barksdale Resources to increase its Sunnyside ownership?

To increase ownership to 67.5%, Barksdale must complete 7,260 metres of drilling, pay C$550,000, and issue 4.9 million shares within a two-year period.

What minerals were found in historical drilling at the Sunnyside property?

Historical drill programs at Sunnyside reported intervals with elevated levels of copper, manganese, antimony and silver values.

How many shares did Barksdale Resources (BRKCF) issue to Regal Resources?

Barksdale issued 5 million shares to Regal Resources (now Great Basin Minerals), subject to a four-month trading hold period.

What is the scope of Barksdale's proposed Fall drill campaign at Sunnyside?

The proposed campaign includes a 7,260 metre (25,000 feet) drill program to test copper, silver and base metal targets previously identified by ASARCO during their 1970-1992 exploration programs.
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