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Engagement of Xcalibur Smart Mapping to Accelerate Exploration Momentum Following Successful Public Listing
One Bullion Ltd. ("One Bullion" or the "Company") (TSXV: OBUL), a gold exploration company holding complete ownership of three highly prospective mining areas in Botswana, is pleased to announce that it has engaged Xcalibur Smart Mapping to conduct a comprehensive high resolution Airborne Magnetic Gradiometer and Radiometrics survey over both Vumba and Maitengwe projects, in the North-East and Central Districts of Botswana, respectively. The planned surveys represent a key milestone as the Company advances toward drill-ready targets in its 2026 exploration program.
"These surveys are a critical step in systematically unlocking value across our portfolio and positioning the Company for a focused and efficient drill program later this year," said One Bullion's CEO, Adam Berk. "Following our successful public listing late last year, we are moving aggressively to advance our assets. High resolution geophysical data will significantly improve our ability to prioritize targets, allocate capital effectively, and accelerate exploration momentum as we enter 2026."
The airborne geophysical program will comprise approximately 16,350 line-kilometers of survey coverage, including 2,400 line-km over the Vumba project and 13,950 line-km over Maitengwe project, inclusive of tie-lines. Surveys will be flown at a 50-meter line spacing with 500-meter tie-lines and will be conducted by Xcalibur, utilizing a horizontal magnetic gradiometer system, complemented by radiometric and sensors. This configuration will deliver high sensitivity magnetic data (0.01 nT) and fully corrected, levelled datasets suitable for advanced geological interpretation.
The resulting magnetic, radiometric and gravity products are expected to materially enhance the Company's understanding of the subsurface stratigraphy under the project areas. This is particularly significant at Maitengwe which is a large land package, covering 580.75 km2, where geological exposure is minimal due to a veneer of young Kalahari sediments. The surveys are designed to help identify prospective structural corridors and geological features that may host mineralization, thereby reducing exploration risk ahead of planned drilling.
The surveys are expected to commence within the next few weeks and will require approximately five weeks to complete across both project areas. Preliminary geophysical results are anticipated within one week of survey completion, followed by fully processed and interpreted datasets approximately four weeks later, supporting the Company's 2026 exploration and drill planning efforts.
Figure 1: Project Location, with Regional bedrock geology of Botswana. Mod. After Geological Survey of Botswana (1998)1.
Technical Disclosure
All scientific and technical information contained herein has been reviewed and approved by Rory Kutluoglu, P.Geo, a "qualified person" and independent to One Bullion, as defined in National Instrument 43-101.
RSU Grant
In addition, the Company announces that it has granted an aggregate of 1,000,000 restricted share units to a director and officer of the Company. The restricted share units are each convertible into one common share of the Company for no additional consideration, and vest on January 26, 2027.
Market Maker Agreement
The Company is also pleased to announce that it has entered into an agreement (the "Agreement") for market making services with Independent Trading Group (ITG), Inc. ("Independent") dated January 6, 2026. Independent is an independent dealer member and market-making firm that specializes in providing liquidity and execution to publicly listed companies utilizing innovative technologies. Independent is owned and operated by experienced capital markets professionals and provides services in compliance with applicable securities laws and the policies of the TSX Venture Exchange. Independent's head office is located at 33 Yonge Street, Suite 420, Toronto, Ontario, M5E 1G4.
Pursuant to the Agreement, Independent shall effect trades in the common shares of the Company with a view to increasing liquidity. Independent will not receive any shares or options as compensation for its services and will not be provided with any funds or securities by the Company for market-making purpose. The initial term of the Agreement is one month, subject to renewal on a monthly basis for future periods. The Company may terminate the Agreement upon 30 days notice or with cause as set forth in the Agreement. In consideration of its services, the Company shall pay a fee to Independent of Cdn$5,500 per month. The Agreement remains subject to the approval of the TSX Venture Exchange.
About One Bullion
One Bullion Ltd. is a Toronto-based gold exploration company focused on advancing high-quality gold assets in Botswana, one of Africa's most stable and mining-friendly jurisdictions. Established in 2018, the company controls approximately 8,004 km² of prospective land across three greenstone belt-hosted gold projects, including Vumba, Kraaipan, and Maitengwe. One Bullion's strategy centers on disciplined, data-driven exploration — combining modern geological methods with advanced targeting to identify and test high-priority gold targets — while maintaining a commitment to environmental stewardship, community engagement, and long-term value creation for stakeholders.
Forward-Looking Information
This news release includes forward-looking information within the meaning of Canadian and U.S. securities laws. Statements containing the words "believe", "expect", "intend", "should", "seek", "anticipate", "will", "positioned", "project", "risk", "plan", "may", "estimate", or, in each case, their negative and words of similar meaning, are intended to identify forward-looking information. Forward-looking information, including but not limited to, the nature and timing of future exploration activities of the Company, the success of the Company's existing and future business strategies and implementation (including with respect to potential future acquisitions, timelines for permitting and exiting of projects and potential return on capital), any resulting growth in the Company's operations or financial performance as a result of such strategies and implementation, trends in the Company's business or the mineral exploration industry, the prospective nature of the Company's properties, the uncertainty of mineral resource estimations and the availability of funding are each subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information, including risks related to the regulatory and legal framework of the mineral resource industry; general business, economic and competitive uncertainties; market risks; risks with respect to permitting; risks that the Company not be able to develop its properties as currently proposed or at all, foreign currency risk and risks associated with the Company's operations in Botswana. There may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. Certain statements included in this presentation may be considered "financial outlook" for the purposes of applicable securities laws, and such financial outlook may not be appropriate for purposes other than evaluating the information in this presentation. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. In addition, even if the outcome and financial effects of the plans and events described herein are consistent with the forward-looking information contained in this presentation, those results or developments may not be indicative of results or developments in subsequent periods. There can be no assurance that the performance of the Company will be comparable to that achieved previously. Moreover, past performance is not indicative of future results. Forward-looking information contained in this presentation is based on the beliefs and expectations of the Company's management, which the Company believes are reasonable as of the current date, and are subject to significant business, social, economic, political, regulatory, competitive and other risks, uncertainties, contingencies and other factors. Many assumptions are based on factors and events that are not within the control of OBUL and actual future results may differ materially from current expectations. You should not place undue reliance on forward looking information. Except as required by applicable law, the Company assumes no obligation to update or revise any forward-looking information in this presentation to reflect new events or circumstances.
Cautionary Note Regarding United States Securities Laws
This News Release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities of OBUL or any entity related thereto, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities of OBUL have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons," as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available.
Contact Information:
Adam Berk, Chief Executive Officer
T: 917-690-7556
Investor Contact:
KCSA Strategic Communications
Jack Perkins or Valter Pinto
T: 212-896-1254
OneBullion@kcsa.com
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 RELEASE.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2e2b005c-70f2-472b-bd84-c7f8e29837cc
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1 Geological Survey of Botswana, 1998. Geological Map of Botswana, 1:1,000,000 scale. Gaborone.
