USHA RES LTD - USHAF STOCK NEWS

Usha Resources (USHAF) has received an Intervention Permit for Mining Activities from MRNF for its Southern Arm polymetallic VMS property in the northwest Abitibi subprovince. This permit allows the company to begin access and drill pad preparations for its planned maiden drill program in winter 2025.

The Property features a 7.3km conductive trend along the Bapst fault with Zn, Pb, Ag, Mo, and Cu occurrences. It is strategically located near significant deposits including the B26 deposit (~16 km away) and the historic Selbaie mine (~15 km away). The company is currently awaiting results from its Phase 1 field program and IP survey, expected by year-end, which will help finalize drill targets for the planned 3,000-metre program.

Usha Resources (TSXV:USHA) (OTC:USHAF) has initiated fieldwork on an Induced Polarization (IP) survey at its Southern Arm property in Quebec's Abitibi Greenstone Belt. The survey, conducted by Geophysique TMC, will map underground areas up to 350 meters deep to identify optimal drilling locations for copper and other metals.

The property features a 7.3-kilometer conductive copper-gold trend along the Bapst Fault and is located near significant deposits, including the historic Selbaie mine. Usha plans to commence a 3,000-meter drilling program in winter 2024-2025.

This development comes amid warnings of a looming copper shortage, with UBS predicting a supply deficit exceeding 200,000 tons by 2025. The International Energy Forum emphasizes the need for over a billion tons of new copper mining capacity annually through 2050 to meet growing demand from renewables and EV markets.

Usha Resources has initiated an Induced Polarization (IP) survey at its Southern Arm copper-gold VMS property in Quebec's northwest Abitibi subprovince. The survey, conducted by Geophysique TMC, focuses on the Hollywood trend of metal anomalies and will help refine targets for the company's planned maiden drill program in winter 2024-2025.

The property is strategically located near the historic Selbaie mine, which produced 53 million tonnes at 0.96% copper, 1.9% zinc, 0.58 g/t gold, and 40.7 g/t silver. Southern Arm hosts a 7.3-kilometer conductive copper-gold trend along the Bapst fault, with geology similar to neighboring successful mining operations.

The IP survey will identify chargeability and resistivity contrasts associated with sulphides down to 350+ meters depth, complementing an ongoing surface biogeochemical sampling survey to establish exploration baselines.

Usha Resources has finalized plans for an Induced Polarization (IP) survey at its Southern Arm polymetallic VMS property in Quebec's Abitibi subprovince. The survey, to be conducted by Geophysique TMC, will identify chargeability and resistivity anomalies associated with sulphides down to 350+ meters depth.

The property is strategically located near significant deposits, including the B26 deposit (~16 km away) and the historic Selbaie mine (~15 km away). The planned 3,000-metre maiden drill program will commence in winter 2024-2025, utilizing the IP survey results alongside biogeochemical survey data to establish high-priority targets.

Southern Arm hosts a 7.3-kilometer conductive copper-gold trend along the Bapst fault, with geology dominated by Brouillan-Fenelon group volcanic rocks.

Usha Resources has completed a biogeochemical black spruce bark sampling survey at its Southern Arm polymetallic VMS property in Quebec. The survey collected 710 black spruce bark samples along a 7.3 km conductive trend of the Bapst fault. The property is strategically located near significant deposits, including the B26 deposit (~16 km away) and the historic Selbaie mine (~15 km away). The company plans to conduct an induced polarization survey followed by a 3,000-metre maiden winter drill program in 2024-2025. The sampling program aims to identify geochemical anomalies in the underlying bedrock to establish high-priority drilling targets.

Usha Resources (TSXV: USHA) (OTCQB: USHAF) has made significant progress across its portfolio:

• White Willow Lithium Pegmatite Project: Discovered spodumene, validating the company's thesis and expanding the project to a 44km strike length.
• Jackpot Lake Lithium Brine property: Entered LOI with Stardust Power for up to 90% interest, receiving US$75,000 for exclusivity.
• Southern Arm Copper-Gold project: Acquired 100% option, preparing for Fall 2024 drill program.

With $2 million in working capital, Usha is well-positioned to advance its projects. The company also closed the first tranche of a private placement, raising $924,999.97 through flow-through shares.

Usha Resources (TSXV: USHA) (OTCQB: USHAF) has commenced fieldwork at its Southern Arm Copper-Gold VMS Property in the Abitibi Greenstone Belt. The company is preparing to conduct a biogeochemical survey to identify priority targets for high-grade gold and copper mineralization. This survey will help finalize drill targets within the Hollywood Trend for a fully funded maiden drill program planned for fall 2024.

The Southern Arm property hosts a ~7.3 km conductive copper-gold trend along the regional-scale Bapst fault. It is located near the former Selbaie Mine and Abitibi's B26 Deposit, which have significant mineral resources. Usha has an option to earn 100% of Southern Arm over 2 years from Abitibi Metals Corp.

Usha Resources (TSXV: USHA) (OTCQB: USHAF) congratulates Stardust Power on its NASDAQ listing, a important step for executing definitive agreements related to the Jackpot Lake Lithium Brine Project. Usha has granted Stardust Power the right to earn up to a 90% interest in the project for US$26,025,000 over five years. The deal includes cash payments, stock issuance, and work commitments. Upon completion, Usha would retain a 10% stake and a 2% NSR. Usha's CEO, Deepak Varshney, emphasized the company's focus shift towards copper and critical metals, highlighting their strong financial position with $1.2M in working capital. Stardust Power aims to develop a lithium refinery in Oklahoma, potentially producing up to 50,000 tons of battery-grade lithium carbonate annually.

Usha Resources (TSXV:USHA)(OTCQB:USHAF)(FSE:JO0) has entered into a digital marketing agreement with Sidis Holdings for up to US$500,000 over six months. This complements their recent engagement with Hillside Consulting and Media Inc. These moves follow Usha's option agreement with Abitibi Metals Corp. for the Southern Arm property, which has a ~7.3 km conductive trend prospective for polymetallic VMS-style mineralization. The property is near significant projects like the B26 Copper deposit and Fenelon Gold Project. Usha plans a fully funded drill program for Fall 2024. This news follows a Letter of Intent with Stardust Power for Usha's Jackpot Lake Lithium Brine Project, potentially worth up to US$26,025,000 over five years.