Usha Resources Provides Corporate Updates

Navin Kumar Varshney resigned as a Director of the Company, effective immediately. The Company extended its deepest gratitude to Mr. Varshney for his extraordinary contributions, guidance, and leadership since co-founding the Company in 2018, including advancing the White Willow Lithium-Tantalum Project and securing key acquisitions and financings. Mr. Varshney will remain available to the Company in an advisory capacity.

The Company is continuing to proceed with the transaction whereby Usha will be selling 489 mineral claims that form a part of the White Willow project to Totec Resources Ltd. as part of Totec's qualifying transaction on the TSX Venture Exchange. Following completion of the Totec QT, Usha will retain four property components: Nym Lake (under option), Rubidium Ridge (100% owned), Bingo East (100% owned), and Bingo West (100% owned). The Abiwin property was impaired in the second quarter.

The Company is no longer proceeding with its proposed sale of up to a 90% interest in the Jackpot Lake property to Stardust Power Inc. Stardust's exclusivity expired on June 30, 2025 and, following recent activity in the lithium market, the Company has elected to proceed to advance the project on its own. The Company is progressing with its Plan of Operations and will aim to drill Jackpot Lake in FY2026 following the successful receipt of necessary permits.