VR is an established Canadian junior mineral exploration company, registered in British Columbia and listed on the Venture Exchange (TSX.V) under the symbol VRR.V, with secondary listings in Frankfurt (5VR) and on the OTCQB in the United States (VRRCF).

Business activities include the evaluation, acquisition and exploration of mineral exploration properties for the purpose of discovering an economic mineral deposit. VR is advancing greenfield opportunities in copper, gold and critical metals in Nevada, USA, and Ontario, Canada, and mafic intrusion hosted copper-nickel-PGM-Au opportunities in western Ontario. VR has the in-house experience and expertise in greenfields exploration to apply modern mineral deposit models and state-of-the-art exploration technologies to explore large-footprint systems in underexplored areas and mineral districts for new, blue-sky discoveries.

VR is the continuance of 4 years of active mineral exploration as a private company starting in 2014, followed by a successful IPO 2017. The founders are Michael Gunning, President & CEO, and Darin Wagner, retired Chairman. The Company is founded on their diverse careers in the global mineral exploration, and their proven track record in the junior mineral exploration sector, having steered three different companies in the past twelve years from discovery through successful M&A transactions for an aggregate valuation in excess of C$1.3B.

The goal of VR is explicit: leverage its experience and expertise in grassroots exploration towards early-stage discovery in order to capture the steepest part of the value creation curve in the exploration and mining process for its shareholders.

The Company maintains its day-to-day work out of an exploration office established in Vancouver, British Columbia. The Company employs a tight administrative cost structure, with a focus on translating publically-raised funds directly into its mineral exploration on the ground.

The Company has raised in excess of C$20M over the past 11 years to fund continuous, active exploration on the ground via successive, mostly non-brokered financings year-in – year-out since 2014, normally in the range of $1-2M; the Company aligns its annual financing goals to rigorous annual exploration budgets in order to maintain a strong share structure.

The Company is focused on opportunities in mineral deposit districts which have been underexplored during the past 50 years of the modern exploration era. The Company applies modern mineral deposit models and new exploration technologies to properties with large hydrothermal and alteration footprints for critical metals, copper and gold, and most recently has discovered a new kimberlite breccia pipe complex and potential kimberlite field in northern Ontario.

VR explores properties it owns outright, 100%, in order to leverage their upside potential to shareholders. Mineral exploration properties in Nevada are held in a wholly-owned US subsidiary registered in Nevada. New opportunities are evaluated on an ongoing basis, whether by internal generative work and direct staking, by a joint venture or a direct acquisition of a property from a third party, or by a corporate transaction (e.g. merger).

The Company has completed independent, NI 43-101 compliant Technical Reports on two of its properties: the Bonita copper-gold porphyry property in Nevada, dated March 2, 2017, and; the Danbo epithermal gold-silver project in Nevada, dated January 27, 2020. Both are filed on SEDAR.

VR strives for technical excellence in its work, and corporate industry leadership. VR’s management has led numerous industry and research organizations in the past, and is recognized with numerous industry achievement and recognition awards.

Technical information contained on this website has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Technical information on this website, and in various Company documents has been prepared and reviewed on behalf of the Company by the President & CEO, Dr. Michael Gunning, PhD, P.Geo., a non-independent Qualified Person.

Upon the completion of four state-of-the-art geophysical surveys in 2013 - 2014 (airborne magnetics; airborne radiometrics; airborne hyperspectral, and; ground-based 3D-array DCIP), two reconnaissance drill holes were completed in April – July 2024 for a total of 1,310 metres on the eastern end of the polymetallic porphyry-skarn mineral system exposed on surface at New Boston over a strike length of 3 – 4 kilometres. The two holes test the East Zone conductor identified in a state-of-the-art 3D array DCIP survey completed in 2023, along two different structural pathways for hydrothermal fluids.

Continuous geochemical sampling of drill core was completed across both holes. Summary graphic logs and figures are on the New Boston project page.

Key findings include:

• Continuous hydrothermal mineralization and potassic alteration starting at surface.
  • All 563 samples across 601 m (1,972 ft) in Hole 001 have hydrothermal mineralization. Copper averages 0.05% with max 0.60%, and 1.0 g/t Ag with up to 14 g/t, & 76 ppm Mo on average.
  • All 620 samples across 709 m (2,326 ft) in Hole 002 have hydrothermal mineralization, Copper averages 0.07% with max 0.50%, and 1.5 g/t Ag with up to 32.7 g/t, & 35 ppm Mo on average.
• Copper-moly-silver mineralization in limestone host rock.
  • 48m @ 0.11% Cu, 115 ppm Mo & 1.55 g/t Ag from 0 m (surface) in Hole 001
  • 117.6m @ 0.10% Cu, 118 ppm Mo & 1.9 g/t Ag from 1 m in Hole 002. o 98m @ 0.12% Cu, 24 ppm Mo & 2.3 g/t Ag from 441 m in Hole 002.

Plans Going Forward into 2026:

• The East Zone’s porphyry intrusions plunge westward towards the GW fold structure, showing copper-bearing gossans at surface and at the top of our drill holes. The IP anomaly at Jeep Mine reveals increased conductivity at depth vis a vis increased and interconnected stockwork veining, and/or conductive mineralized porphyry. The IP chargeability envelope at Jeep Mine confirms greater overall sulfide content compared to the East Zone, inferred to reflect a greater density and therefore greater volume of sulfide in sheeted veins.
• A permit application is prepared for drill holes into the coincident IP, conductivity, and potassic alteration anomalies at Jeep Mine, to establish the polymetallic value potential of the tungsten-moly-copper-silver veins at Jeep Mine, both in sheeted porphyry dykes and sheeted veins in host limestone, and potentially in discordant porphyry stocks at depth. A program of 1,500 m in 2-3 drill holes at Jeep Mine in the western part of the overall porphyry system at New Boston is planned for 2026, to compliment the initial first-pass drill holes completed at East Zone in 2024.

Bonita is an alkaline, polyphase Middle Jurassic batholith that formed at the same time and in the same tectonic belt as the past-producing Yerington porphyry copper camp located some 150 kilometers to the south in west-central Nevada.

The Bonita property is large, encompassing a district of historic copper, gold and iron workings. The showings are unified by a single, district-scale hydrothermal system with a large alteration footprint within which syenite breccia, specularite vein breccia and quartz veins with copper and gold has been sampled by VR over an area of approximately 4 x 5 km.

A tabulated compilation of all exploration work completed by VR at Bonita during the past four years, from 2014 to 2019 inclusive, is included in the series of maps and figures which follows this section of text.

Continuous exploration from 2014 through 2019 saw some $6M spent through eleven separate surveys and field programs to both discover and outline the overall alkaline porphyry system at Bonita, and its relation to Yerington to the south, and several porphyry mineral systems to the north in British Columbia. This work also provides the vectors for renewed exploration on the west side of the system in 2026.

Plans Going Forward into 2026:

• Complete 3D array, DCIP ground geophysical survey over the Copper Queen lithocap in the first half of 2026, based on crew and system availability; the state-of-the-art survey is already scoped and costed with DIAS Geophysical Ltd. The survey will infill the IP test lines completed in 2016, and provide detailed vectors to follow up on the porphyry-style alteration and veining, porphyry dykes, and copper-gold geochemistry in the two initial reconnaissance drill holes completed in 2017 and located on the eastern flanks of the lithocap hill at Copper Queen.
• Follow-up drill program of 2-3 holes for 1,500 m at Copper Queen based on the results of the DCIP survey, and anticipated for the second half of 2026.

The recently acquired Empire District properties (NR-24-17) cover several large magnetic bodies mapped as mafic to ultramafic intrusions with noted gold – copper and PGE mineralization at the discovery outcrop cut by the Trans Canada Highway. Discovery by Hobik Exploration was on boulder train mapping and OGS lake sediment geochemistry. Initial work followed up on a DIGEM survey in Winter 2023, and detailed lake sediment geochemistry.

Work Completed in 2024 - 2025 included:

• Trenching, stripping, and sampling of key outcrops and structural zones on the property to better understand controls on mineralization.
• Scope and plan regional magnetic surveys on priority targets to northeast along trend.
• Prospecting and staking on regional magnetic features.
• Detailed 3D array DCIP geophysics to map resistive basement features, like causative intrusions, and develop targets around chargeability anomalies.
• Scout drilling to test Tier 1 DIGEM conductor targets (flown in winter 2023) and new targets from DCIP survey. Five drill holes were completed on the Westwood intrusion for a total of 1,188 meters; see results in News Release dated Dec 17, 2024.

Follow up work being considered for 2026 includes:

• 1,500 l-km, state-of-the-art VTEM+ airborne EM survey over the entire property;
• Two hole drill program into the magnetic center of the Westwood intrusion, to follow up on the 2024 drilling, and;
• Two hole drill program into new EM-Magnetic targets in the nearby Mack property, based results from the VTEM+ survey, and expertise gained from Westwood.

The recently acquired Silverback property (NR-24-17) has potential for intrusion related gold and copper mineralization at the centre of the property, as well as recently mapped ultramafic intrusive horizons with anomalous nickel mineralization to the northeast. Geophysics and drilling in the first half of 2024 revealed a large scale alteration system and gold mineralization in sheeted quartz veining around sericite altered quartz feldspar porphyry dykes.

Work Completed in 2024 - 2025 included:

• Complete assay of drilling from Spring 2024.
• Baseline till survey across southern portion of property, down ice from known mineralization.
• Detailed 3D array DCIP geophysics to map resistive basement features, like causative intrusions, and develop targets around chargeability anomalies.
• Trenching, stripping, and sampling of key outcrops and structural zones on the property to better understand controls on mineralization.
• Follow-up scout drilling to test existing 6-channel time domain conductor from 1980s, Tier 1 DIGEM conductor targets (flown in winter 2023), and new targets from DCIP survey. Six drill holes were completed for a total of 1,342 meters: see results in News Release dated March 26, 2025.