Exploits Launches High-Resolution Detailed Geophysics at Quebec Gold Projects

Executive Summary

• Exploits Discovery Corp. has commenced high‑resolution drone magnetic and VLF‑EM surveys across its Fenton and Wilson gold projects in Québec to delineate structural controls and identify new drill targets.
• The surveys will cover 270 km of magnetic lines (Fenton) + 700 km (Wilson) and 135 km of VLF‑EM lines (Fenton) + 350 km (Wilson) using 50‑m line spacing at 35–40 m altitude.
• Company now holds ~US$10 M cash after the recent sale of its Newfoundland assets, positioning it to fund aggressive winter drilling on the Québec projects with no debt.

Key Details

• Survey Scope – Fenton:
• Magnetic: 270 km of lines; VLF‑EM: 135 km.
• Line spacing: 50 m; flight altitude: 35–40 m.
• Survey Scope – Wilson:
• Magnetic: 700 km of lines; VLF‑EM: 350 km.
• Same line spacing and altitude as Fenton.
• Surveys will be flown in two perpendicular directions to improve structural resolution and identify high‑angle cross‑structures.
• Historical Resource Context – Fenton:
• Non‑NI 43‑101 estimate (2000) of 426,173 t @ 4.66 g/t Au = 63,885 oz Au (cut‑off 2.0 g/t).
• Additional 25 drill holes (>10,800 m) have expanded the envelope; notable intercepts include:
  • DDH 1354‑17‑17: 0.9 g/t Au over 32.6 m (incl. 12.1 g/t Au over 1.0 m).
  • DDH 1354‑17‑17: 3.4 g/t Au over 20.0 m (incl. 29.6 g/t Au over 2.0 m).
  • DDH 1354‑17‑24: 1.1 g/t Au over 11.0 m (incl. 8.2 g/t Au over 1.0 m).
• Key High‑Grade Intercepts – Fenton Targets:
• Hole 1391‑17‑20: 42.3 g/t Au over 5.1 m (incl. 356 g/t Au over 0.6 m).
• Multiple grab samples >10 g/t Au, one up to 90.1 g/t Au.
• Historical Resource Context – Wilson:
• Non‑NI 43‑101 estimate (1994) of 187,706 t @ 7.1 g/t Au = ~42,850 oz Au.
• Additional 92 holes (>22,000 m) drilled since; notable intercepts include:
  • DDH HMW 21‑09: 13.11 g/t Au over 3.0 m (incl. 38.0 g/t Au over 1.0 m).
  • DDH HMW 21‑08: 11.25 g/t Au over 3.0 m (incl. 30.9 g/t Au over 1.0 m).
  • DDH WL17‑05: 24.8 g/t Au over 1.0 m and 5.0 g/t Au over 3.0 m.
• Additional High‑Grade Wilson Intercepts:
• DDH HMW 21‑33: 17.31 g/t Au over 3.0 m (incl. 58.8 g/t Au over 1.0 m).
• One intercept of 64.6 g/t Au over 0.4 m.
• Financing Position:
• Sale of Newfoundland properties to New Found Gold Corp.: up to 3,547,100 shares at $2.48 per share (≈US$8.8 M).
• Post‑closing cash & equivalents ≈ US$10 M; zero debt.
• Future Plans:
• Survey results will guide design of a winter drill program aimed at expanding known resources and testing new zones on both projects.

Notable Quotes

“We are excited to launch these high-resolution surveys… The results will greatly benefit our anticipated upcoming winter drilling programs, where we aim to expand known resources and test new zones of gold mineralization.” – Jeff Swinoga, President & CEO

All technical information has been reviewed and approved by Mark Richardson, P.Geo., a Qualified Person as defined under NI 43‑101.