Vancouver, British Columbia--(Newsfile Corp. - January 7, 2026) - Barksdale Resources Corp. (TSXV: BRO) (OTCQB: BRKCF) ("Barksdale" or, the "Company") announces that it is seeking TSX Venture Exchange ("TSXV") acceptance to amend the terms of its debentures and associated warrants held by investment funds managed by Delbrook Capital Advisors Inc. ("Delbrook") as follows: (i) extend the maturity date of the secured convertible debentures in the principal amount of CDN$1,500,000 (the "$1,500,000 Debentures") from December 31, 2027 to December 31, 2028, and reduce the conversion price from CDN$0.12 per Share to CDN$0.10 per Share, (ii) extend the expiry date of the associated 8,000,000 detachable common share purchase warrants (the "8,000,000 Extension Warrants") previously issued to Delbrook in connection with the $1,500,000 Debentures from December 31, 2027 to December 31, 2028, and reduce their exercise price from CDN$0.12 per Share to CDN$0.10 per Share; (iii) extend the maturity date of the secured convertible debentures in the principal amount of CDN$3,000,000 (the "$3,000,000 Debentures") from December 31, 2027 to December 31, 2028; and (iv) extend the expiry date of the associated 7,500,000 detachable common share purchase warrants (the "7,500,000 Extension Warrants") previously issued to Delbrook in connection with the $3,000,000 Debentures from December 31, 2027 to December 31, 2028 (collectively, the "Amendments"). The $1,500,000 Debentures bear interest at a rate of 10% per annum and are convertible into common shares of the Company (the "Shares").