Carlton Signs Community Agreement for Esquilache Silver Project and Provides Update on Non-Brokered Private Placement

TORONTO, July 14, 2025 (GLOBE NEWSWIRE) -- Carlton Precious Inc. (TSXV:CPI, OTCQB:NBRFF) ("Carlton" or the "Company") is pleased to announce that it has signed an agreement with the local community of San Antonio de Esquilache located in the Department of Puno, Southern Peru (the "Community Agreement"). The Community Agreement paves the path for further exploration across the project including the expediting of drilling permits at the Company's 100% owned Esquilache Silver project ("Esquilache"). Carlton's geological and technical staff have designed a program of up to 40 drill holes from no more than 20 platforms at Esquilache in order to expand the current known silver-lead-zinc mineralization. The Company expects to kick off the initial part of the program in the fall of 2025.

In other news, further to the Company's press releases of June 12, 2025 and June 16, 2025, the Company wishes to correct and clarify certain disclosure pertaining to its non-brokered private placement (the "Offering") of units (the "Units"). In connection with the Offering, and in accordance with the policies of the TSX Venture Exchange, the Company paid certain eligible finder's (each, a "Finder") cash ...