Buscar Company Makes Major Announcement About Treasure Canyon Property's Reserve Estimates

Overview of Recent Developments at Buscar Company

On February 2, 2026, Buscar Company, traded on OTC Pink under the symbol CGLD, made headlines by retracting previously disclosed mineral reserve estimates for its Treasure Canyon property in California. This step reaffirms Bitcoin Company's dedication to transparency and alignment with regulatory standards. The decision stems from an internal review that revealed the previous reserve estimates lacked adequate technical verification.

Background of the Retraction

The retraction specifically addresses the company’s press releases from October 17 and 20, 2025, where inflated claims about proven and probable reserves were made. The total gross in-situ value was previously estimated to be around $117 billion. Stakeholders are advised not to rely on those figures as the company fully withdraws from any such statements. This action serves not only to correct the record but to uphold the integrity of the company amidst rising scrutiny from investors and regulatory bodies alike.

Engagement of Expert for Independent Assessment

In a significant move, Buscar has engaged Martin L. Gallon of Lumwana LLC as the new Qualified Person for the SEC Regulation S-K 1300 compliance. Mr. Gallon is a highly regarded geologist with over 55 years of experience in various sectors of mining, including exploration and operational management. His extensive background includes prestigious roles in senior management with multiple mining firms and has seen him author many NI 43-101 reports.

Mr. Gallon’s appointment is a strategic choice aimed at reinforcing the company's commitment to high standards and effective transparency in its reporting. He is also credited with successful mining initiatives in challenging environments, including projects under developing nations and sustainable practices that prioritize community development and environmental stewardship.

Future Steps and Assessments

Under Mr. Gallon’s expert supervision, fieldwork is slated to commence in Spring 2026, pending favorable weather and access conditions. This targeted evaluation is set to yield independently verified findings, helping the company to regain trust and demonstrate a rigorous approach to resource management in line with legal and ethical mining practices.

As of now, Buscar Company refrains from making claims regarding mineral resources or reserves, choosing instead to focus on obtaining accurate and substantiated evaluations of the Treasure Canyon property. This cautious approach signals a pivotal change in how the company will handle its public disclosures moving forward.

Investor Communication

In light of these developments, the management at Buscar Company urges all investors and stakeholders to disregard the previously made statements regarding mineral reserves. The firm reassures its commitment to responsible mining practices and intends to provide stakeholders with reliable and well-supported updates as new evaluations come to light.

The company expresses appreciation for the understanding of its stakeholders and acknowledges the potential inconvenience caused by earlier statements.

About Buscar Company

Buscar Company specializes in the exploration of gold and precious metals, focusing efforts on the Treasure Canyon property located in Plumas County, California, through its subsidiary Eon Discovery Inc. As Buscar moves forward, the company's mission remains centered on advancing responsible mineral development, ensuring significant benefits to surrounding communities, and maintaining a strong commitment to environmental integrity.

As we anticipate updates from the upcoming assessments, stakeholders will be closely monitoringBuscar's evolution in the competitive landscape of mineral exploration.