Press Release · March 24, 2026 · Vancouver, BC

Panther Minerals completes earn-in under Rubidium Ridge option agreement

Usha Resources Ltd. (TSXV: USHA / OTCQB: USHAF / FSE: JO0) announces that Panther Minerals has completed the conditions required to earn its agreed interest in the Rubidium Ridge property in Ontario, originally optioned under the agreement announced February 19, 2026.

The Rubidium Ridge property is located in the Thunder Bay Mining Division and is prospective for rubidium-cesium-lithium pegmatite mineralization. Under the option agreement, Panther Minerals was required to complete certain payments, share issuances, and exploration commitments in order to earn an agreed interest.

Following the earn-in, Usha retains the consideration received under the option agreement and continues to focus its operating capital on the Southern Arm and Jackpot Lake projects.

Portfolio context

Rubidium Ridge is part of Usha's broader Ontario LCT pegmatite portfolio. The Company retains direct interest in Nym Lake, Bingo East, and Bingo West. Earlier divestitures of Gathering Lake and Triangle Lake to Molten Metals (May 2025) and the White Willow main block to Totec Resources (January 2026) provide Usha with passive equity exposure to these assets through its shareholdings in Molten Metals and Totec Resources, respectively.

Qualified Person The technical content of this release has been reviewed and approved by Deepak Varshney, P.Geo., a qualified person under National Instrument 43-101.

Counterparty Relationship The Rubidium Ridge option agreement was entered into at arm's length within the meaning of applicable TSX Venture Exchange policies and Canadian securities legislation.

Forward-Looking Information This release contains forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking information speaks only as of the date hereof and the Company disclaims any obligation to update it except as required by law.