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To: Rocket Red who wrote (233885)	1/5/2026 7:21:47 PM
From: johnlw	Respond to of 233924

You recognize any names? Big float right out of the chute eh? Have to keep an eye on it.

To: Rocket Red who wrote (233885)	1/12/2026 6:20:15 PM
From: Rocket Red	1 Recommendation Recommended By johnlw Read Replies (1) \| Respond to of 233924

Buffalo Potash receives two potash test well licences 2026-01-12 17:56 ET - News Release Shares issued 81,059,780 BUFF Close 2026-01-12 C$ 0.40 Mr. Steve Halabura reports BUFFALO POTASH RECEIVES WELL LICENSES FOR INITIAL DRILLING AT FLAGSHIP DISLEY PROJECT Buffalo Potash Corp. has received two potash test well licences from the Saskatchewan Ministry of Energy and Resources in connection with its planned drilling program at its flagship Disley project in the heart of Saskatchewan's solution mining potash production region. Receipt of the licences represents the first step in the initial phase of work (the confirmation phase), where Buffalo intends to evaluate the resource potential of the Disley project, as further outlined below. Steve Halabura, PGeo, chief executive officer of the company, commented: "The receipt of these well licences allows us to commence confirmation phase drilling at Disley and begin validating the geological and solution mining framework of the property. This work is foundational to advancing an economic evaluation of the Disley project in the near term." Mr. Halabura continued: "We are pleased to be advancing the Disley project, which is located in one of the world's most established and technically proven jurisdictions for potash production. This is a region that Buffalo's management team is intimately familiar with, having previously played a key role in defining the potash resource at Potash One, which ultimately became the foundational asset for the K+S Bethune mine, located immediately adjacent to the Disley project. With this background, our technical team brings a deep understanding of the potash geology we are now seeking to confirm at Disley as we advance the project through the next stage of technical evaluation." 2026 confirmation phase Buffalo is advancing a series of operational activities to assess the Disley project. The confirmation phase is designed to inform a preliminary economic assessment of the long-term viability of a selective solution potash mining operation on the property using the company's patented horizontal line-drive mining system, subject to the results of continuing technical work. Key objectives for the confirmation phase include: Drilling of confirmation well No. 1; Drilling of confirmation well No. 2; Testing and analysis of historical core samples, including the historical pilot (as defined below); Completion of additional seismic interpretation; Evaluation of resource potential and preparation of a National Instrument 43-101 technical report; and Commissioning and completion of a preliminary economic assessment. The Disley project The Disley project is located in Southern Saskatchewan, approximately 50 kilometres northwest of Regina, and covers approximately 9,413 hectares. The property is situated immediately adjacent to the east of the K+S Bethune solution potash mine and north of the Mosaic Belle Plaine solution potash mine -- two of the largest producing solution potash mines globally. In the opinion of management, the Disley project is situated in one of the most favourable areas of Saskatchewan for solution mining as evidenced by the success of its neighbouring projects. In the 1960s, a historical pilot project was conducted within what is Buffalo's Disley project by the Lumsden Potash Development Company to evaluate the potential for solution mining using brine injection and recovery wells. The historical pilot demonstrated communication across the potash zone and the ability to extract potash using a two-well cavern system. Buffalo has incorporated the results and geological data from the historical pilot together with 3-D seismic interpretation and geochemical modelling to inform management's preliminary geological interpretation and assessment of the broader Disley project. Based on this information, management believes the Disley project exhibits geological conditions present in other successful solution mining projects in the region, subject to further technical validation, making the Disley project prospective for potential development of a modular, selective solution mining potash operation.