VANCOUVER, BC — February 17, 2026 — Leads & Copy — GoldMining Inc. has announced an updated Mineral Resource Estimate (MRE) for its 100%-owned Crucero Project in Carabaya Province, Peru.
The updated MRE, prepared under National Instrument 43-101, highlights an Indicated Mineral Resource of 42.7 million tonnes (Mt) at 1.26 grams per tonne (g/t) gold equivalent (AuEq) for 1.74 million ounces (Moz) AuEq. It also includes an Inferred Mineral Resource of 34.9 Mt at 0.93 g/t AuEq for 1.04 Moz AuEq.
For the first time, antimony (Sb) is modeled in the MRE, contributing approximately 25% of the Indicated AuEq oz and 29% of the Inferred AuEq oz. The estimated gold equivalent ounces in the Indicated category have increased by approximately 75% compared to the prior MRE from 2017.
The MRE is reported within a conceptual pit shell for the Project using long-term average prices of US$3,110/oz for Au and US$28,700/t for Sb.
According to Alastair Still, Chief Executive Officer of GoldMining, the updated MRE at Crucero has incorporated antimony, which is a critical metal recognized for its strategic importance. He added that on a gold equivalent basis, Indicated resources have expanded by approximately 75% using a long-term average gold price of US$3,110 per ounce, which is well below current spot prices trading near US$5,000 per ounce. The CEO also noted that the company has demonstrated the emerging opportunity to unlock further value at the Project through the identification and quantification of antimony mineralization that is co-occurring with gold.
Global Mineral Resource Services (GMRS) was retained by the Company to prepare an updated MRE and an independent technical report on the Crucero Project based on information current as of February 4, 2026. The Company plans to file the NI 43-101 technical report, which will include further detail on the estimation methods and procedures, within 45 days.
The Crucero Project is located in Carabaya Province, in southeastern Peru at approximately 14° 11′ south latitude and 69° 50′ west longitude. The Project contains orogenic gold-antimony mineralization contained within metasedimentary rocks belonging to the Ambo and Ananea Groups of Lower Paleozoic age.
Exploration programs from 1996 to 2012 conducted by previous operators included geological mapping, soil and rock geochemistry, trenching, surface geophysical surveys, diamond drilling (79 holes over 24,773 m) and metallurgical testwork. Drilling was concentrated on one of the geophysical anomalies referred to as the A1 Zone where a total of 72 core holes for 22,712 m was completed. The Project is comprised of eight mining concessions with an aggregate area of 4,600 ha and is held in the name of Blue Rock Mining S.A.C. (Blue Rock), a wholly-owned subsidiary of GoldMining. The Company owns a 100% interest in the Property through their ownership of Blue Rock.
To date, exploration of the Project has concentrated on the A1 Zone. The A1 Zone as currently defined by trenching and drilling dips vertically to steeply to the east, is approximately 750 m along strike by 100 m in width in the central portion of the deposit, and has been traced to a vertical depth of approximately 400.
The A1 Zone is primarily hosted within meta-sediments (mudstones and siltstones) of the Ambo Group. Gold is the primary mineral of economic interest and occurs together with pyrite, pyrrhotite, arsenopyrite and stibnite which is the principal Sb-bearing mineral present. Pyrite is the most abundant sulphide and typically occurs as blebs, the distribution of which commonly appears to be along foliation or bedding. Quartz veins are uncommon and are not necessarily gold-bearing, although the highest gold grades found to date are associated with quartz veins.
Gregory Z. Mosher, P.Geo, Principal Geologist of GMRS, a qualified person under NI 43-101 and independent of the Company, has reviewed, verified and approved the technical information related to the MRE in this news release, including sampling, analytical and test data underlying the MRE disclosed herein.
Tim Smith, Vice President Exploration of GoldMining, has supervised the preparation of, and verified and approved, all other scientific and technical information herein this news release. Mr. Smith is also a QP as defined under NI 43-101.
GoldMining Inc. is a public mineral exploration company focused on acquiring and developing gold assets in the Americas. Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the U.S.A., Brazil, Colombia, and Peru.
Source: GoldMining Inc.
