Barksdale Resources Corp Announces Private Placement and Leadership Changes

Barksdale Resources Corp., a Vancouver-based mining company, has announced a series of significant changes aimed at enhancing the value of its 67.5% owned Sunnyside project located in the Patagonia mining district of Southern Arizona. The project, which abuts South32's new Hermosa Project, has seen confirmation of porphyry style Cu-Mo mineralization across a large area in the northeast portion of the Sunnyside Property, according to a recent 2026 drill program.

The company has also announced a $14.0 million private placement to follow up on the high-grade copper mineralization previously reported. The private placement will consist of up to approximately 77,777,777 common share units at a price of $0.18 per Unit, for gross proceeds of up to approximately $14.0 million. Each Unit will be comprised of one Common Share and one-half of one common share purchase warrant, with each Warrant entitling the holder to purchase one Common Share at an exercise price of $0.30 per share for a period of two years following the closing of the Offering.

The funds raised will be used to implement a diamond core drilling program starting later this fall, with a phased 16,000m drill program including an initial 8,000m program to directly follow up on the results of the RC drill program. The program will also test the area to the west around the historic Sunnyside, Volcano, and Thunder Mines, which historically mined copper on the property and are believed to contain high-grade mineralized structures that extend to depth in the Sunnyside Porphyry.

Additionally, Barksdale Resources Corp. has agreed to settle its $4.5 million convertible debenture with Delbrook Capital Advisors by issuing 40,000,000 Common Shares and 5,208,333 Units to the Creditors. The Common Shares will be settled at a deemed price of $0.10 and $0.12 per Settlement Share, and the accrued interest and additional rights will be settled at a deemed price of $0.18 per Settlement Unit. The issuance of these shares and units is subject to the approval of the TSX Venture Exchange.

The company has also appointed George Ogilvie as its new Chairman and Chris Stewart as its new President and CEO, effective September 21, 2026. William Wulftange, the outgoing CEO, will stay on the management team until December 31, 2026, to manage the transition. The Board has proposed to nominate David Lotan and Travis Snider, who have extensive permitting experience in Arizona, for election as directors at the upcoming Annual General and Special Meeting.

Furthermore, Barksdale Resources Corp. has announced a proposed name change to "Arizona Standard Copper Inc." and a share consolidation at a ratio of ten pre-consolidation Common Shares to one post-consolidation Common Share. The consolidation is part of the company's strategy to improve its structure to better align for new capital investment. The name change and share consolidation are subject to the approval and acceptance of the TSXV and shareholder approvals, respectively.

The company currently has 234,867,510 Common Shares issued and outstanding, not including Common Shares to be issued pursuant to the Offering and Debt Settlement. Upon completion of the share consolidation, the company will have approximately 23,486,751 Common Shares issued and outstanding.