Essex Resources Corp. Reports Total Metal Ion Soil Geochemical Survey and IP Survey Results at the Rabbitt Property
News Release - Vancouver, British Columbia – June 16, 2026 – Essex Resources Corp. (“Essex” or the “Company”) (TSXV: ESXR) announces, further to its news release dated May 5, 2026, during the autumn of 2025, Essex completed a comprehensive exploration program designed to advance its understanding of the mineralized system of the Rabbitt copper-silver-lead-zinc property, located in the Similkameen Mining Division of southern British Columbia (the “Property”). The program included induced polarization (IP) geophysics and total metal ion (TMI) soil geochemical surveys focused on the area surrounding the ring of mineral showings.
The northern portion of the Property, covering the upper slopes of Rabbitt Mountain, hosts an extensive group of massive sulphide showings that form a partial ring around the mountain’s crest. Current interpretation is that the ring of mineral showings is a surficial expression of a flat-lying, tabular to lenticular zone of Besshi-type massive sulphide mineralization that extends through the mountain.
Exploration Summary
Focus of the 2025 TMI soil survey was the western and central parts of the partial ring of mineral showings around the ridge and the volcanic rocks that were deposited on top of it.
TMI Results
In the autumn of 2025, 560 TMI soil samples were collected from multiple showings across the Property, as well as 16 rock samples.
Map of Significant Copper TMI Soil Sample Results:
On the Property there are three major sources of copper in soils: the sub-horizontal mafic volcanic host rocks, massive sulphide mineralization, and re-mobilization of copper during post-mineralization faulting. Before the 2025 exploration program on the Property, the approximate location of the partial ring of mineral showings had been established around the southern slope of the ridge that covered the northern part of the property. During the 2025 exploration program, an extension of the of the partial ring of mineral showings around the northern slope of the ridge was defined by four areas of elevated soil-gold associated with three areas of enriched soil copper. The ring has now been traced for about 1,500 m (5,126 ft) north-westward from the Thynne showing across the northern slope of the ridge to near the northern Property boundary.
Induced Polarization Survey
Suspecting that the partial ring of mineral showings could be traced around the northern slope of the ridge, Essex Resources conducted an induced polarization survey over a grid that covered an area of about 1 km2 (0.37 mi2) in an area that extended north-westerly from the Red Bird showing through the Shamrock and Thynne showings areas to about 750 m (2,461 ft) northwest of the Thynne showing. Chargeability of rocks in the 2025 induced polarization grid area ranges from 3.4 to 20.9 millivolts/volt; their resistivity ranges from 176.8 to 980.1 ohm-metres.
There are two areas of high chargeability rocks east and west-northwest of the Thynne showing. The most prospective of them is centered near U.T.M.: 5,493,700 N., 657,825 E., about 400 m (1,312 ft) westnorthwest of the Thynne showing. There, chargeability is as high as 17 millivolts/volt. That chargeability high coincides with a resistivity low and is flanked by areas of elevated soil-copper, zinc, and gold concentrations. The extent of that chargeability anomaly northwest of the 2025 induced polarization grid boundary is unknown. Also, its centre is located along the surface trace of the new northwestern extension of the partial ring of mineral showings to which it is parallel. The chargeability high corresponds with a smaller area of very low resistivity, the centre of which hosts resistivities less than 230 ohm-m. Such low resistivities commonly are associated with sulphide mineralization. The core of this resistivity low extends for about 400 m (1,312 ft) southeasterly from the northwestern boundary of the grid and for about 150 m (492 ft) along its northwestern boundary. The extent of this resistivity anomaly northwest of the grid is unknown. The long axis of the resistivity anomaly is northwest-southeast and the hill-slope is gently inclined downward to the northeast. Thus, the anomaly’s orientation is consistent with sub-crop of a subhorizontal, mineralized plate that dips southwestward into the hill side. That is also indicated by a sharp anomaly boundary on the northeastern side of the resistivity anomaly where mineralization could be hosted at surface and a more diffuse southwestern anomaly boundary where the detection of mineralization would fade out due to increased burial in that direction. The pseudo-sections of Lines 10+00 N. and 12+00 N. of the induced polarization survey indicate that there may be as many as six stacked sulphide lenses contributing to the resistivity low.
Methodology and QA/QC
The geochemical soil samples reported above were delivered to Peter E MSA Labs of Langley, B.C., an accredited geoanalytical laboratory that is independent of the Company and the QP. The Company followed industry standard procedures for the work carried out on the Property, with a quality assurance/quality control (QA/QC) program. At MSA Labs, samples were dried, sieved and analyzed using induced coupled plasma (ICP) techniques. Standard, blank, and duplicate samples were employed for quality control of the results. The Company detected no QA/QC issues during review of the data.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Chris Dyakowski P.Geo, a director of the Company and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Dyakowski verified the data disclosed which includes a review of the sampling, analytical and test data underlying the information and opinions contained therein. Grab samples described above are selective by nature and reported grades might not be representative of more extensive mineralized zones.
About Essex Resources Corp.:
The Company is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. The Company has an option to acquire a 100% interest and title to the Rabbitt Property located in the Similkameen Mining Division, British Columbia.
For further information, please contact:
Anthony Zelen, Director and Chief Executive Officer T: (778) 388-5258 E: [email protected]
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 or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses, and those filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather or climate conditions, failure to obtain or maintain all necessary government permits, approvals and authorizations, failure to obtain or maintain community acceptance (including First Nations), decrease in the price of copper, lead, zinc, gold, silver and other metals, increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.