Usha Resources Announces Initiation of Induced Polarization Survey at the Drill Ready Southern Arm Copper-Gold VMS Property

December 4, , 2024 - Usha Resources Ltd. (“USHA” or the “Company”) (TSXV: USHA) (OTCQB: USHAF) (FSE: JO0) , a North American mineral acquisition and exploration company, is pleased to announce that fieldwork has commenced for an Induced Polarization (IP) survey at its Southern Arm polymetallic VMS property (“Southern Arm” or the “Property”) in the metal-rich northwest Abitibi subprovince of mining-friendly Quebec (first announced by the Company on November 20, 2024). The Company has entered into an option agreement to earn 100% of Southern Arm over 2 years from Abitibi Metals Corp. (AMQ.CN, see news release dated July 17, 2024) . Val d’Or based geophysical contractor Geophysique TMC is conducting the IP survey, which will be focused on the Hollywood trend of metal anomalies (Fig. 1), and the results from the IP survey will be used to help refine diamond drill targets for the Company’s upcoming maiden drill program, which is planned for the 2024-2025 winter season. CEO Deepak Varshney stated: “This work represents an important stage in Usha’s exploration strategy at the Southern Arm Property, and we are thrilled to have the experience of the local experts at Geophysique TMC applied to our program. We eagerly await the results from this program and plan to apply the results of the complimentary geochemical exploration program at our Hollywood target to further refine our drill targets in the subsurface. The results from these programs will ensure only the highest priority targets are targeted with the diamond drill in our upcoming maiden drill program in the 2024-2025 winter season.” He continued: “With negotiations for the Jackpot Lake transaction continuing, our focus in the field will remain on Southern Arm. Additionally, we have been evaluating additional opportunities to acquire copper and/or gold projects to create further shareholder value in a similar fashion. We look forward to providing shareholders updates as our strategy progresses.”.