Torchlight and Innovation Mining Unite as RZOLV Technologies on the TSXV with Disruptive New Mining Technology

Torchlight Innovations Inc. (TSXV: RZL) ("Torchlight" or the "Company"), doing business as RZOLV Technologies ("RZOLV"), is pleased to announce that it has commenced trading on the TSX Venture Exchange under the symbol RZL.

This milestone marks the beginning of a transformative era in clean-technology mining. Based on extensive in-house testing and independent analysis performed by SGS Labs, RZOLV delivers the first proven, non-toxic alternative to cyanide and smelting—a simple, water-based process that achieves comparable performance, recovery, and cost metrics with a dramatically lower environmental footprint

As reported by the International Energy Agency, record gold prices, declining ore grades, and intensifying environmental regulation, are pressuring mining operators to adopt clean alternatives. According to Engineering & Mining Journal, more than 90% of global gold production still depends on over US $2 billion of sodium cyanide annually—a dependency increasingly linked to stranded deposits, delayed permits, and rising costs.

RZOLV also represents a cost-effective alternative to the smelting of high-grade concentrates reducing costly shipping, penalties, processing fees, and settlement delays. Independent tests from SGS Labs have demonstrated over 90% gold recovery within 72 hours from gravity concentrates.

The Company has conducted thousands of bench-scale tests on mineral ores, concentrates, and tailings with independent validation. It is currently executing a 100-tonne commercial-scale pilot test in Arizona to confirm scalability, leach kinetics, and commercial viability.

Beyond gold, RZOLV chemistry has also successfully extracted more than twenty critical and rare-earth elements, opening pathways into the fast-growing critical-minerals and rare earth (REE) sectors.

The Company is also pleased to announce that it will ring the opening bell at the Toronto Stock Exchange ("TSX") on Friday, October 24, 2025, at 9:30 a.m. ET, to commemorate its recent listing under the trading symbol "RZL."

About Torchlight Innovations Inc (doing business as RZOLV Technologies).

RZOLV Technologies is a clean-tech company pioneering a non-toxic, water-based reagent for gold and critical-mineral extraction from ores, concentrates, and mine waste streams. The proprietary RZOLV™ formula matches the cost and performance of cyanide while eliminating its environmental and permitting challenges. The Company has filed an international patent and maintains robust trade-secret protection covering its chemistry, regeneration process, and applications across heap-, vat-, tank- and concentrate-leaching operations.

Contact

Duane Nelson
President and CEO
Torchlight Innovations Inc.
Email: duane@innovationmining.com
Phone: (604) 512-8118

Neither 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.

Forward-Looking Statements

This News Release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. Statements contained herein that are not based on historical or current fact, including without limitation statements containing the words "anticipates," "believes," "may," "continues," "estimates," "expects," and "will" and words of similar import, constitute "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information may include, but is not limited to, information with respect to our Research and Development activities Wherever possible, words such as "plans", "expects", "projects", "assumes", "budget", "strategy", "scheduled", "estimates", "forecasts", "anticipates", "believes", "intends", "targets" and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking statements and information. Statements concerning future revenue or earnings estimates may also be deemed to constitute forward-looking information. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be forward-looking information. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information. Forward-looking information is based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, prospective investors should not place undue reliance on forward-looking information.

Source

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