Nevada is the world’s highest ranked mining  jurisdiction, as defined by the Fraser Institute – a non-partisan Canadian public policy think-tank. For more than 50 years, Fraser has served as the mining industry’s authoritative source of jurisdictional evaluation. In its latest 2025 Annual Survey, released Feb. 26, 2026, Nevada was listed as #1 globally for mining attractiveness out of 68 jurisdictions – moving up from #2 a year earlier. Further, Nevada scored 100 on the Policy Perception Index – the highest possible score – making it the world’s most attractive jurisdiction on government policy factors alone. For context, Nevada has been ranked #1 in 2018, 2020, #3 in 2021, #1 in 2022 and has remained highly ranked subsequently.

The two properties acquired are:

Mill Creek Project, an early-stage gold exploration project acquired from Paramount Gold (NYSE:PZG). The project comprises a contiguous block of 36 lode mining claims. The claims total approximately 720 acres and are located in the NW part of the Shoshone Range, 33 km south of Battle Mountain. A project summary is available at skylinebuildersgroupholding.com.

Irwin Project, a past-producing property spanning twelve claims with historic high-grade intrusive-related gold and silver. Mineralized veins trace up to 70 meters along strike, yielding historical assays up to 7.5 g/t gold and 96 g/t silver. Multiple unconstrained veins and historic workings offer excellent exploration upside.

The Irwin project is located in the Troy Mining District, Nye County, Nevada, approximately 150 kilometers east-northeast of Tonopah. The project is directly accessible by road. A project summary is available at skylinebuildersgroupholding.com.

The acquired mineral properties are in the early stages of exploration. The Company expects to conduct initial field studies including detailed mapping, soil and geochemistry sampling, geophysical surveys and remote sensing. It is hoped these studies will lead to identifying potential future drill targets.

"We’re excited to acquire two precious metals projects in Nevada, the world’s highest ranked mining jurisdiction. We believe we are early in a worldwide, commodity super cycle that will see precious metals, base metals, strategic and critical metals’ prices increase dramatically over the next decade due to rapidly growing demand and relative scarcity, global geopolitical tensions and supply chain constraints," said Paul Mann, Executive Chairman of Sky Builders Group Holding Limited.

"We have the balance sheet strength, access to capital, and expertise to be opportunistic," he added. "Accordingly, we are scouring the planet in pursuit of properties that hold exceptional value with strong prospects to advance these assets, and increase shareholder value, with further exploration, development, and production."

Cove Kaz is positioned to become a global leader in the mining, extraction, and processing of strategic minerals and metals aimed towards the United States defense and industrial base, specifically tungsten and, more recently, precious metals. The US has designated silver a critical metal for its vital role in all things electrification from hyper-scalers to solar panels, while central banks globally continue to buy gold as a diversified reserve asset at unprecedented rates. Kaz Resources has existing and pending mining business under development in Kazakhstan that together form a unique portfolio of advanced-exploration and late-stage critical minerals projects.

Cove Kaz was not involved in the Nevada acquisitions, has not conducted any due diligence into these projects, and assumes no liability whatsoever pertaining to the projects or any outcomes arising from the information contained in this news release.