Buchans Resources Announces Corrective Disclosure Regarding Adoption of Semi-Annual Reporting

Toronto, Ontario--(Newsfile Corp. - May 12, 2026) - Buchans Resources Limited ("Buchans" or the "Company"), a Canadian mineral exploration and development company, is issuing this news release to correct disclosure previously provided in its news release dated May 7, 2026 (the "Original Disclosure"). The Original Disclosure stated that the Company has elected to adopt semi-annual financial reporting relying on Coordinated Blanket Order 51-933 - Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Blanket Order").