Faraday Copper Continues to Intersect Near-Surface Copper Mineralization at American Eagle and Expands Keel Laterally

Executive Summary

• Faraday Copper released assay results from eight drill holes (six in the American Eagle area and two in the Keel extension), highlighting near‑surface copper mineralization that continues to intersect grades above the open‑pit cutoff.
• Notable intercepts include 93.05 m @ 0.44 % Cu (incl. 16.15 m @ 1.24 % Cu) and a 551 m interval @ 0.34 % Cu with higher‑grade zones of 18 m @ 0.72 % Cu and 34 m @ 0.56 % Cu.
• The results expand the known Keel mineralization to the northeast and reinforce the potential for an open‑pit resource above the existing underground resource, supporting continued Phase IV drilling focused on expanding near‑surface targets and gathering geotechnical/hydrogeological data.

Key Details

• Hole FCD‑25‑136 (American Eagle): 93.05 m @ 0.44 % Cu from 122 m; includes 16.15 m @ 1.24 % Cu from 198.8 m.
• Hole FCD‑25‑143 (American Eagle): 67.00 m @ 0.40 % Cu from 79 m; includes 33.00 m @ 0.59 % Cu from 103 m.
• Hole FCD‑25‑131 (Keel extension): 551.00 m @ 0.34 % Cu from 564 m; higher‑grade sub‑intervals: 18.00 m @ 0.72 % Cu (676–694 m) and 34.00 m @ 0.56 % Cu (749–783 m).
• Hole FCD‑25‑122: Intercepted granodiorite to 55 m, porphyry thereafter; hydrothermal breccia 114–118 m; mineralization as pyrite‑chalcopyrite veins within sericitic alteration.
• Hole FCD‑25‑130: Continuous granodiorite with a 31–160 m porphyry interval; mineralization in pyrite‑chalcopyrite veins associated with sericitic alteration.
• Hole FCD‑25‑135: Geotechnical hole; granodiorite throughout with hydrothermal breccia (48–56 m) and intense sericitic alteration.
• Hole FCD‑25‑136 & FCD‑25‑137: Defined shallow extent of Winchester breccia and continued mineralization in the American Eagle area; chalcopyrite‑pyrite mineralization within breccia and veins.
• Hole FCD‑25‑144: Near‑surface mineralization between Banjo and American Eagle; granodiorite with porphyry (105–114 m) flanked by breccia; pyrite‑chalcopyrite veins, occasional chalcocite.

Total drilling to date: 5,783 m in 16 holes (15 in American Eagle, 1 in Keel).

Assay methodology: Half‑core samples taken every ~2 m, analyzed by ICP‑MS/ICP‑AES at ALS Laboratories; QA/QC includes certified reference materials, blanks, and field duplicates per NI 43‑101 standards.

Qualified Person: Dr. Thomas Bissig, P.Geo., VP Exploration (NI 43‑101).

Notable Quotes

“The results from our Phase IV drill program continue to increase our confidence in expanding the near surface mineralization in the American Eagle area…the underground mineralization remains open for expansion with further drilling.” – Paul Harbidge, President & CEO

All intercepts are reported as down‑hole widths; true widths are approximate.