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January 7, 2026 - TheNewswire - BritishColumbia- CameoResourcesInc.(CSE:MEO, FSE: Z88) ("Cameo" or the "Company")ispleasedtoannouncethat it is now in receipt of the TECHNICAL REPORT ON THE INVESTIGATION OF GOLD MINERALIZED ZONES USING DRONE-MOUNTED MAGNETIC AND INDUCED POLARIZATION (IP) DATASET AT THE KATORO-GEITA GOLD PROJECT, SUKUMALAND GOLDFIELDS, NORTH TANZANIA (the "Technical Report"). The Technical Report provides detailed interpretation of Magnetic and Induced Polarization surveys performed over its 100% owned,19.58 square kilometer, Katoro Gold Property("Katoro" or the "Property"),located inthe Geita region of the Lake Victoria Goldfields of Tanzania.

Highlights of the Technical Report:

Integrated interpretation of the geophysical results has determined five distinct mineralized zones identified in the project area detected at varying depths ranging from a few meters below the surface to ~100 m.

These zones appear to extend west and/or east beyond the boundaries of the project area and/or surveyedblocks, indicating additional potential areas for gold mineralization

These zones depict three significant trends aligned with the magnetic lineaments interpreted as faults and/or shear zones with the most dominant E-W trend mirroring the Tembo gold deposit of Buckreef Gold Mine.

The prospective mineralized zones are characterized by moderate to high chargeability values of up to 250 mV/V, and generally low-intermediate resistivity values of ~10 â?¦m to 700 â?¦m. The zones are presumed to be associated with disseminated sulphides and gold mineralization within the Precambrian rocks and quartz veins foundwithin shear zones.

High chargeability values in the prospective zones indicate potential areas likely to host sulphide-rich gold mineralization.

A total of eighty (80) drill holes were proposedfor drilling in the project area to explore potential mineralized zones. (Figure 1)

The Company plans to directly proceed with phased drilling campaigns at its Katoro property to systematically evaluate the massive amount of drill targets generated from this maiden geophysical exploration work. A 10-15 drill hole drill program is presently being designed to evaluate the first two of the five mineralized zones. The Company has solicited bids from several qualified drilling contractors in Tanzania and expects to lock in a contract shortly with drilling anticipated as quickly as early February.

Brian Thurston, PGeo, states: "The Company's goal of targeting mineralization and fast-tracking a drill campaign is now close to completion with 80 priority drill targets having been generated in only 4 months on the property. The team has proven their commitment by quickly delivering on this first ever drilling of the Katoro Property using modern science as a guide. The results from the Technical Report indicate the high prospectivity for gold mineralization to be discovered on the Katoro property and the Company is extremely encouraged as they continue to see similarities between the Katoro Property and the Tembo Gold Mine ~7km northeast and the Buckreef Gold Mine ~15km northeast."

Click Image To View Full Size

Figure 1: Project area map showing the proposed drill holes to intersect the prospective mineralized zones generated from the integrated interpretation of the Technical Report results.

Qualified Person

Brian Thurston, P.Geo., the Company's technical advisor and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technicalinformationinthisnewsrelease.

About The Katoro Gold Property

The Property covers 19.58 square kilometers situated within the prospective Sukumaland Greenstone Belt within the Lake Victoria Goldfield (LVGF). One of the most important mining sites in Africa, Tanzania's LVGF holds several multi-million-ounce gold deposits and has ongoing operations by some of the largest gold companies in the world. The concessions have been mined by artisanal miners for some time, evidenced by the multiple shallow pits and trenches showing iron carbonate altered mafic volcanics (basalts) and quartz feldspar porphyry intrusions. Gold is associated with grey quartz veins and stringers that exhibit a pinch and swell characteristic, parallel to the fabric of east-west shear zones. The concessions occur within a broader area that has seen exploration and mining activities by several companies including, TRX Gold Corporation (TSX:TRX), AngloGold Ashanti plc (NYSE:AU), and IAMGOLD Corporation (TSX:IMG).

About Cameo Resources Inc.

Cameo Resources Inc. is a dynamic mineral exploration company dedicated to discovering and developing valuable mineral deposits. Cameo's Katoro property covers 19.58 Km2 situated within the prospective Sukumaland greenstone belt within the Lake Victoria goldfield (LVGF). One of the most important mining sites in Africa, Tanzania's LVGF holds several multimillion-ounce gold deposits and has continuing operations by some of the largest gold companies in the world. The concessions have not been explored by modern methods until now. Formore informationonCameoResources,pleasevisitthewebsiteatwww.cameoresourcesinc.com.

OnbehalfoftheBoardofCameoResourcesInc.

SouhailAbi-Farrage

ChiefExecutiveOfficerandDirector PhoneNumber: 1-800-325-1308

Forfurtherinformationcontact:

Investor Relations;

Email: IR@cameoresourcesInc.com

Phone Number: 1-800-325-1308

Forward Looking Information

Thisnewsreleasecontainscertain"forward-lookinginformation"and"forward-lookingstatements" (collectively"forward-lookingstatements")withinthemeaningofapplicablesecuritieslegislation. Forward-lookingstatementsarefrequently,butnotalways,identifiedbywordssuchas"expects", "anticipates","believes","intends","estimates","potential","possible",andsimilarexpressions,or statementsthatevents,conditions,orresults"will","may","could",or"should"occurorbeachieved. All statements, other than statements of historical fact, included herein, without limitation, areforward-lookingstatements.There canbenoassurancethatsuchstatementswillprovetobeaccurate,andactualresultsandfuture eventscoulddiffermateriallyfromthoseanticipatedinsuchstatements.Forward-lookingstatements reflectthebeliefs,opinionsandprojectionsonthedatethestatementsaremadeandarebasedupon anumberofassumptionsandestimatesthat,whileconsideredreasonablebyCameo,areinherently subject to significant business, economic, competitive, political and social uncertainties and contingencies.Manyfactors,bothknownandunknown,couldcauseactualresults,performanceor achievementstobemateriallydifferentfromtheresults,performanceorachievementsthatareor may be expressed or implied by such forward-looking statements and the parties have made assumptionsandestimatesbasedonorrelatedtomanyofthesefactors.Suchfactorsinclude,without limitation, risks that lease holder will notapprovethesaleoftheProperty, risksassociated withpossibleaccidentsandotherrisksassociatedwithmineralexplorationoperations,theriskthat theCompanywillencounterunanticipatedgeologicalfactors,risksassociatedwiththeinterpretation ofexplorationresults,thepossibilitythattheCompanymaynotbeabletosecurepermittingand othergovernmentalclearancesnecessarytocarryouttheCompany'sexplorationplans,theriskthat theCompanywillnotbeabletoraisesufficientfundstocarryoutitsbusinessplans,andtheriskof political uncertainties and regulatory or legal changes that might interfere with the Company's businessandprospects.Readersshouldnotplaceunduerelianceontheforward-lookingstatements andinformationcontainedinthisnewsreleaseconcerningtheseitems. Cameo doesnotassumeanyobligationtoupdatetheforward-lookingstatementsofbeliefs,opinions,projections,orotherfactors,shouldtheychange,exceptasrequiredbyapplicablesecuritieslaws.

TheCanadianSecuritiesExchangehasnotreviewed,approvedordisapprovedthecontentsofthis pressrelease,anddoesnotacceptresponsibilityfortheadequacyoraccuracyofthisrelease.

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COMTEX_471840542/2453/2026-01-07T08:30:05