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Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce that drilling has commenced at the Seagull Critical Minerals Project (the "Project"), located approximately 80 kilometres northeast of Thunder Bay, Ontario.
Diamond drill rig at the Seagull Critical Minerals Project, Ontario, January 2026.
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Further to the Company's December 8, 2025 news release, drill crews have mobilized to site, casing has been cemented and drilling is now underway. The January 2026 drill program is fully funded and fully permitted and is designed to evaluate a previously untested deep target identified beneath the Seagull mafic-ultramafic intrusion.
Rift Minerals Inc. ("Rift"), as Operator, has commenced drilling on this exploration-stage property, which is being evaluated for platinum group elements (PGEs), nickel, copper, and associated naturally occurring gases including hydrogen and helium. The Company's Phase 1 program is planned as an approximately 1,350-metre deep diamond drillhole designed to test a low-velocity anomaly identified by Rift's Ambient Noise Tomography ("ANT") survey. A specialized gas-handling team is scheduled to arrive later this month to support drilling activities as the program advances. Gas sampling is investigatory in nature and does not imply the presence of commercial gas resources.
The drillhole is designed to test a subsurface zone of interest that has not previously been drill tested. The Company expects to provide additional updates as drilling progresses and results become available.
ABOUT THE SEAGULL PROJECT
The Project is located approximately 80 kilometres northeast of Thunder Bay, Ontario, and covers the interpreted mafic-ultramafic Seagull Intrusion within the Nipigon Basin. Historical exploration between 1998 and 2012 included airborne geophysical surveys and approximately 20,000 metres of diamond drilling, which reported disseminated to semi-massive sulphide mineralization containing nickel, copper, and platinum-group elements along parts of the intrusion's basal contact. These results are historical in nature and have not been independently verified by Anteros.
In 2024, Rift completed an Ambient Noise Tomography ("ANT") survey to refine the internal geometry of the Seagull Intrusion and to help define a deeper subsurface target. The survey outlined contrasting velocity domains interpreted to reflect lithological and alteration variations. These interpretations have not been tested by drilling and remain unverified by Anteros. The current Phase 1 drill program is intended to provide the first subsurface evaluation of the deeper ANT anomaly.
QUALIFIED PERSON
The scientific and technical information in this news release relating to the Seagull Project was prepared by Rift Minerals Inc. and has been reviewed and approved by Dr. Geoff Heggie, P.Geo. (Ontario), a Qualified Person under National Instrument 43-101. This information has not been independently verified by Anteros Metals Inc. and is provided for geological context only.
ABOUT Anteros Metals Inc.
Anteros Metals Inc. is a Canadian exploration company focused on advancing a pipeline of critical-minerals projects across Newfoundland and Labrador and select Canadian jurisdictions. The Company targets copper, nickel, zinc, and emerging strategic commodities that support the global energy transition. Immediate plans for its flagship Knob Lake Property include bringing the historical Fe-Mn Mineral Resource Estimate into current status and commencing baseline environmental and feasibility studies.
ABOUT RIFT MINERALS INC.
Rift Minerals Inc. is a private corporation based in Thunder Bay, Ontario, founded in 2024 by Steven Stares, Michael Stares, Cliff Hickman and Abraham Drost, M.Sc., P.Geo. (Ontario). Rift has completed early-stage exploration work on the Seagull Project, including an Ambient Noise Tomography survey completed by Sisprobe, France. The resulting assessment report has been filed with the Ontario Ministry of Energy and Mines for assessment credit. Additional information about Rift Minerals Inc. is available through publicly accessible sources.
For further information:
Email: info@anterosmetals.com | Phone: +1-709-769-1151
Web: www.anterosmetals.com
On behalf of the Board of Directors:
Chris Morrison
Director
chris@anterosmetals.com | +1-709-725-6520
16 Forest Road, Suite 200, St. John's, NL, Canada A1X 2B9
Cautionary Statement Regarding Forward-Looking Information
This news release may contain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company's mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.
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