Buscando Announces Acquisition of Critical Mineral and Geologic Hydrogen Projects and $0.20 Unit Private Placement

Not for Distribution to U.S. News Wire Services or Dissemination in the United States

VANCOUVER, BRITISH COLUMBIA, April 29, 2025 (GLOBE NEWSWIRE) -- Buscando Resources Corp. ('Buscando' or the 'Company') (CSE: BRCO) is pleased to announce that it has agreed to acquire 100% of the issued and outstanding shares of Element One Hydrogen Ltd. ('Element One'), a wholly owned subsidiary of Granite Creek Copper Ltd. ('Granite' or 'Granite Creek'), pursuant to a share purchase agreement (the 'Agreement') dated April 27, 2025 (the 'Acquisition'). Element One owns the Star copper-nickel-PGM project consisting of 4485 ha (11082 acres) located in northern British Columbia, Canada (the 'Star Project') and the Union Bay nickel-copper-PGM project which consists of approximately 413 acres (167 ha) of federal mineral claims in Alaska, USA (the 'Union Bay Project'). Both projects are located in well-known ultramafic settings that, in addition to the critical mineral potential, also have the potential to utilise novel hydrogen stimulation technologies to produce natural hydrogen from their subsurface rock formations. Through this acquisition, Buscando has secured a strategic opportunity to increase its critical minerals asset base and expand its development focus to include a clean energy initiative in support of the global energy transition.

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The Star Project is well located in northern British Columbia within 5 kilometers of the Omineca resource road and hydro-electric power. The property, covering much of the exposed Polaris Ultramafic complex, has been previously explored for copper, nickel, and platinum group metals. Granite Creek has recently submitted samples to New England research laboratories for the evaluation of the potential to produce hydrogen in the subsurface through stimulation.

Kyler Hardy, President of Buscando, stated: "The Star Project located within 75 km of the company's flagship Foggy Mountain project presents logistical synergies, with planning for field work underway for both projects from a common camp. Work on Foggy Mountain will include follow up of geophysical targets developed from our recent magnetic survey (see news release dated March 3, 2025) as well as surface sampling and mapping. Work on the Star Project will consist of sampling for critical minerals as well as mapping for the geological environment capable of producing hydrogen in the subsurface."

The Union Bay Project is the subject of an option agreement granting 1508260 B.C. Ltd. (the 'Optionee') the right to earn a 100% interest in the project over three years by making aggregate payments of US$175,000, incurring aggregate expenditures of US$1,200,000 and issuing in aggregate 2,750,000 shares.

As consideration for the purchase of Element One, the Company will pay a cash consideration of CAD$150,000 to Granite Creek. The Acquisition is subject to standard closing conditions, including the approval of the Canadian Securities Exchange (CSE). Subject to receiving the approval of the CSE, and the satisfaction of the remaining closing conditions, the Acquisition is expected to close on or about May 30, 2025.

For further information with respect to the Transaction, please refer to the Purchase and Sale Agreement, which is available on the Company's profile on SEDAR+.

Private Placement

Buscando further announces that it intends to complete a non-brokered private placement (the 'Offering') of up to 5,000,000 units (the 'Units') at a price of $0.20 per Unit, for aggregate gross proceeds of up to $1,000,000. Each Unit will consist of one common share in the capital of the Company (each a 'Share') and one-half of one common share purchase warrant (each a 'Warrant'). Each full Warrant will entitle the holder to acquire one (1) additional Share (the 'Warrant Shares') at an exercise price of $0.30 per common Share for a period of eighteen (18) months from the closing date, subject to an acceleration clause.

The Company may pay finder's fees in connection with the Offering to certain eligible finders in the form of: (i) a cash commission of up to 8.0% of the gross proceeds raised under the Offering from investors introduced to the Company by the finder; and (ii) the issuance of such number of non-transferable common share purchase warrants of the Company (the 'Finder's Warrants') equal up to 8.0% of the Units issued under the Offering from investors introduced to the Company by the finder.

The Company intends to use the proceeds raised from the Offering for the payment of the purchase price pursuant to the Acquisition, review and completion of the phase 1 work program on the Foggy Mountain Property, review and investigation of future potential property acquisitions and for general administrative Company expenses. The Offering is expected to close on or before May 23, 2025. The Offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the CSE.

The securities issued pursuant to the Offering have not, nor will they be registered under the United States Securities Act of 1933, as amended.

Marketing Initiatives

The Management of the Company is also pleased to announce that it has engaged Fairfax Partners Inc. ('Fairfax') to provide investor relations and marketing services. Such services shall include investor communications, shareholder and prospective investor outreach, corporate branding support, digital marketing initiatives, social media marketing, and other investor awareness campaigns.

Under the terms of the agreement, Fairfax will receive a fee of $5,000 CAD per month (plus applicable GST) for an initial six (6) month term, commencing on or about May 1, 2025. In addition, the Company has allocated an additional marketing budget of $175,000 CAD over a six (6) month period to Blue Summit Ventures Inc.

Fairfax Partners Inc. is an arm's-length party to the Company and does not currently own or control any securities of Buscando Resources Corp.

Options

The Company also announced that it has issued 1.65 million stock options to directors, officers, and consultants of the company to purchase up to 1.65 million common shares in the capital of the Company. All stock options granted will vest immediately and shall expire 5 years from the date of issuance. The options have an exercise price of 0.20 cents.

Qualified Person

The scientific and technical information disclosed herein has been reviewed and approved by Jeremy Hanson, PGeo., who is an independent consulting geologist to the company and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About the Company

Buscando Resources Corp. is an exploration company focused on the acquisition, exploration and development of natural resource properties located in Canada. For more information on Buscando please contact the Company (+1 250-877-1394) or visit the website www.buscandoresources.com.

On behalf of the Board of Directors,

BUSCANDO RESOURCES CORP.
'Kyler Hardy'
Chief Executive Officer