McFarlane Commences Exploration Drilling at Juby Gold Project

Executive Summary

• McFarlane Lake Mining Limited has begun its 2025‑2026 exploration drilling campaign at the 100 % owned Juby Gold Project in Ontario.
• Up to 13,000 m of core drilling are planned across multiple zones (Golden Lake, Juby, Big Dome, Hydro Creek) with an expected completion by May 2026.
• The program aims to expand known gold mineralization, test depth and strike potential, and ultimately increase the NI 43‑101 compliant resource estimate (currently 1.01 Moz Indicated + 3.17 Moz Inferred).

Key Details

• Drilling Start: First hole collared on site; follow‑up to a 2013 drill in the “826” zone, with two additional holes planned there.
• Target Zones: Primary focus on Golden Lake and Juby zones; drilling will emphasize depth testing for new gold mineralization.
• Planned Length: 12,000–13,000 m of total core drilling for this phase.
• Timeline: Drilling program slated to finish by May 2026.
• Resource Context: Current NI 43‑101 resource – 1.01 Moz Indicated at 0.98 g/t Au (31.74 Mt) and 3.17 Moz Inferred at 0.89 g/t Au (109.48 Mt). Sensitivity analysis at $3,750/oz shows potential uplift to 1.20 Moz Indicated and 4.23 Moz Inferred.
• Environmental Work: Ongoing baseline studies to support bulk‑sample applications and future mining permits.
• Qualified Persons: Bob Kusins, P.Geo (consultant) and Mark Trevisiol, P.Eng (CEO/President).

Notable Quotes

“Commencing drilling at Juby is an important milestone for McFarlane as we begin a meaningful exploration program on one of the largest gold systems in the southern Abitibi,” – Mark Trevisiol, President & CEO.

All boilerplate, forward‑looking statements and disclaimer text have been omitted for clarity.