Orecap Invest increases ownership of McGarry to 100%

Executive Summary

• Orecap Invest Corp. has completed the acquisition of the remaining 25 % interest in its McGarry project, bringing ownership to 100 % (subject to royalties).
• The transaction was executed for cash consideration of $50,000 and an equivalent value of Orecap shares ($50,000 based on a 10‑day VWAP).
• McGarry hosts a historical NI 43‑101 indicated resource of 447,000 oz Au at 8.57 g/t and an inferred resource of 157,000 oz Au at 5.83 g/t, plus historic Kerr Addison tailings with potential residual gold.

Key Details

• Ownership: Orecap now holds 100 % of the McGarry tenure (46 patented claims + 5 mining licences), covering 681 ha and 2.4 km of the Cadillac‑Larder Lake Break.
• Transaction Terms: $50,000 cash + $50,000 in Orecap shares (share count based on preceding 10‑day VWAP). Subject to TSX‑V approval.
• Historical Resources:
• Indicated: 447,000 oz Au @ 8.57 g/t (NI 43‑101 historical)
• Inferred: 157,000 oz Au @ 5.83 g/t (historical)
• Infrastructure: Existing underground shaft to 2,290 ft, hoist and surface facilities upgraded prior to 2013 production shutdown.
• Regional Context: Property abuts Gold Candle’s Kerr Addison project and Agnico Eagle’s Upper Beaver project, both multi‑million‑ounce gold assets.
• Tailings Potential: Historic Kerr Addison tailings (≈1 Mt per vertical metre) lie within the property; Orecex will evaluate residual gold economics under Ontario’s simplified permitting regime.
• Qualified Person Review: Technical information reviewed and approved by Charles Beaudry, P.Geo., director of Orecap Invest, in accordance with NI 43‑101.
• Resource Disclaimer: Historical resource estimates have not been re‑qualified; they are not considered current mineral resources or reserves.

Notable Quotes

(No direct CEO/President quotes were provided in the release.)