Usha Resources Ltd. — Share Issue/Capital Change 2025

Aug 7, 2025

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USHA RESOURCES

Usha Resources Executes Amendment to Property Option Agreement

Vancouver, British Columbia / August 6, 2025 – Usha Resources Ltd. (“Usha”, “USHA” or the “Company”) (TSXV: USHA) (OTCQB: USHAF) (FSE: JO0), a North American mineral acquisition and exploration company, announces that, further to its news release of March 28, 2023, it has entered into an amendment (the “Amendment Agreement”) to the property option agreement (the “Option Agreement”) executed with 2758145 Ontario Ltd. (the “Vendor”) of Atikokan, Ontario, for the right to purchase an undivided 100% interest in 712 unpatented mining claims located in the Thunder Bay Mining Division of Ontario (the “White Willow Property”).

Under the Option Agreement, the outstanding remuneration payable by the Company to the Vendor is (i) $50,000 cash and 500,000 common shares (the “Shares”) payable on or before the second anniversary of the date the Company received TSX Venture Exchange (“Exchange”) approval to the Option Agreement, and (ii) $50,000 cash and 500,000 Shares payable on or before the third anniversary of the date the Company received Exchange approval to the Option Agreement.

Pursuant to the Amendment Agreement, the parties have agreed to amend the outstanding remuneration to $25,000 cash and 1,000,000 Shares issuable to the Vendor on or before August 31, 2025. The Shares will be subject a four-month hold period pursuant to securities laws in Canada and the Exchange Hold Period.

All other terms of the Option Agreement remain the same.

About Usha Resources Ltd.

Usha Resources Ltd. is a North American mineral acquisition and exploration company focused on the development of quality critical metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Usha’s portfolio of strategic properties provides target-rich diversification and includes Southern Arm, a copper-gold VMS project in Quebec, Jackpot Lake, a lithium brine project in Nevada and White Willow, a lithium pegmatite project in Ontario. Usha trades on the TSX Venture Exchange under the symbol USHA, the OTCQB Exchange under the symbol USHAF and the Frankfurt Stock Exchange under the symbol JO0.

USHA RESOURCES LTD.

For more information, please call 778-899-1780, email info@usharesources.com or visit www.usharesources.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements:

This news release may include "forward-looking information" under applicable Canadian securities legislation. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and

Suite #400 – 1681 Chestnut Street, Vancouver, BC V6J 4M6

www.usharesources.com

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USHA RESOURCES

volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.

The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

Suite #400 – 1681 Chestnut Street, Vancouver, BC V6J 4M6

www.usharesources.com