Fitzroy Minerals Intersects 111.9 m at 0.97% Cu from 21.1 m, Including 18.0 m at 1.59% Cu from 84.0 m at the Buen Retiro Copper Project, Chile

Fitzroy Minerals Inc. (TSXV: FTZ, OTCQX: FTZFF, FSE: C3Y ) (“ Fitzroy ” or the “ Company ”) is pleased to provide an update on drilling at the Buen Retiro Copper Project, Copiapó, Chile (“ Buen Retiro ” or the “ Project ”).

Drilling is ongoing with three diamond drill (“ DD ”) rigs at site and a Reverse Circulation (“ RC ”) rig.

The 1.7 km trend of copper mineralization to the southwest of the historical Manto Negro open pit has been renamed “ Tenorita ”.

Results from 15 drill holes in the Tenorita area are reported here.

Highlights

Drill hole BRT-DDH072 returned 111.9 m @ 0.97% Cu from 21.1 m, including 18.0 m @ 1.59% Cu from 84.0 metres.

Drill hole BRT-DDH070 returned 147.7 m @ 0.41% Cu from 26.3 m, including 47.0 m @ 0.88% Cu from 113.0 metres.

Merlin Marr-Johnson, President and CEO of Fitzroy, commented: “ Buen Retiro continues to deliver excellent results and several of the fifteen drill holes reported today reflect wide zones of mineralization in leachable material close to surface.

Note that the best drill hole reported today, drill hole #72, is to the east of drill hole #70, confirming consistent shallow mineralization for about 300 metres across the widest part of the Tenorita area.

Fitzroy has four rigs turning at Buen Retiro, and the team aims to complete the drill-out of the Tenorita area in August, to stay on track with our stated aim of production in early 2028.”

Overview

Fitzroy has completed 78 diamond drill holes for a total of 13,036 metres since the start of February 2026.

Drilling with four drill rigs at the Project is ongoing.

Currently one DD rig is drilling shallow sulphides north of the historical Manto Negro pit (“ Manto Negro ”) in an area that has been renamed “ Ortuzar ”, another DD rig is testing the southern extension of the Manto Negro pit in an area that has been renamed “ Nativo ”, the third DD rig is drilling the northeast extension of the Tenorita area , and the RC rig is drilling regional exploration targets.

Fitzroy will complete a further 9,000 m of drilling in 2026 with three key objectives.

One aim is to advance the Tenorita area to Measured, Indicated, and Inferred resource categories adequate to support a robust mine-life for inclusion in the Pre-Feasibility Study.

A second aim of the drilling plan is to define Inferred resources elsewhere on the Buen Retiro Property.

The third aim of the drilling plan is to test new exploration targets at Buen Retiro.

Selected results from fifteen drill holes, BRT-DDH066 to BRT-DDH080 are shown in Table 1 .

Table 1. Definition Drilling core assay results* for drill holes BRT-DDH066 to BRT-DDH080 Buen Retiro, Copiapó, Chile (UTM GS84 19S).

Drill Hole UTM East (m) UTM North (m) Azimuth / Dip From (m) To (m) **Interval (m) Cu (%) BRT-DDH066 345221 6920805 250 / -45 52 60 8 0.18 And 68 98 30 0.20 and 105 143 38 0.36 including 127 132 5 1.52 BRT-DDH067 345172 6920947 250 / -45 114 158 44 0.25 including 119 143 24 0.32 and 163 182 19 0.16 BRT-DDH068 345169 6920893 250 / -45 26 41 15 0.39 and 53 116 63 0.20 including 91 102 11 0.45 and 128 141 13 0.29 BRT-DDH069 345208 6920854 250 / -47 37.7 48 10.3 0.27 and 107 128 21 0.14 and 134 151 17 0.25 including 140 143 3 0.69 BRT-DDH070 345144 6920990 250 / -45 26.3 174 147.7 0.41 including 113 160 47 0.88 including 133 160 27 1.20 BRT-DDH071 345267 6920977 250 / -45 26.16 69 42.84 0.50 including 51 65 14 0.92 and 90 158 68 0.23 including 109 128 19 0.4 BRT-DDH072 345255