Halcones Precious Metals Provides Update on Surface Rights Access for the Polaris Project

TORONTO, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Halcones Precious Metals Corp. (TSXV: HPM) (the “Company” or “Halcones”), further to its press release dated October 20, 2025, announces that Minera Los Halcones SpA (“Minera Halcones”), Halcones’ wholly-owned subsidiary, has been advised that the independent Court-appointed expert has submitted her compensation valuation report to the Civil Court of Taltal, Chile (the “Court”) in connection with the application before the Court to obtain surface rights access to the Polaris project (“Polaris” or the “Project”).

Halcones, representing Austral Exploraciones SpA (“Austral”), the owner of the Polaris mining concessions that have been optioned by the Company pursuant to a binding option agreement with Austral, continues to pursue obtaining an easement for surface access to diamond drill the Project through the Chilean legal system before the Court. The legal proceedings were initiated on October 30, 2025, and over the last few months all the Court’s requests for additional information have been satisfied. The Court has been asked to rule on the surface access easement. Under Chilean law, similar to many jurisdictions including Canada, mineral rights, which are owned by the state, have preference over surface rights and there is a well-established process that will be followed to achieve access and arrange compensation for the surface rights holder. The Company continues to seek a negotiated agreement with the surface rights holders while the legal process proceeds but intends to pursue all legal avenues to obtain Polaris surface access as soon as possible.

With the submission of the expert report, the evidentiary stage of the proceeding is now substantially complete, and the matter is moving toward resolution by the Court. The expert’s mandate was to quantify the compensation payable, and the report sets out the amounts of compensation payable to the surface rights owners.

Although there is no set timeline for a decision by the Court, the fact that there is now no other pending procedures necessary is a positive sign and the Company looks forward to a decision from the Court shortly.

About Halcones Precious Metals Corp.

Halcones is focused on exploring for and developing gold-silver projects in Chile. The Company has a team with a strong background of exploration success in the region.

For further information, please contact:

Vincent Chen, CPA
Investor Relations
Vincent.chen@halconespreciousmetals.com
www.halconespreciousmetals.com
647-276-0540

Cautionary Note Regarding Forward-looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, amendments to the Polaris Option Agreement, surface rights access to the Polaris project, a ruling by the Court, the timing and outcome of the easement proceeding and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward- looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Halcones, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Halcones has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Halcones does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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