Quarterback proceeds with phase I exploration at Twin

Executive Summary

• Quarterback Resources has launched a Phase I exploration program at the Twin Gold Project, encompassing geochemical sampling, rock sampling, ortho‑lidar surveying, and camp site reclamation.
• 177 historic core samples have been logged and assayed (results pending), and the lidar survey will support future resource modeling and UAV magnetics work.
• The release reiterates historic drill intercepts across multiple zones (Takla‑Rainbow, Red, East Red, Ridge, Talka‑Rainbow East) highlighting continued mineralization potential.

Key Details

• Program Scope:
• Geochemical sampling/logging of historic core (177 samples collected).
• Geochemical rock sampling from the main Takla‑Rainbow gold zone and a potential extension.
• Ortho/lidar survey covering the Takla‑Rainbow zones and access road; intended to map historic disturbances, create a terrane model for future resource calculations/high‑resolution UAV magnetics, analyze structures, and establish a baseline before further exploration.

• Reclamation of the historic Twin camp site.

• Assay Status: All 177 core samples are pending assay results.

• Historic Drill Intercepts (core):

• Takla‑Rainbow zone: Hole TR13‑88 – 22.52 m @ 2.26 ppm Au, 2.15 ppm Ag, 0.19 % Cu (68–90.52 m).
  Hole DDH‑24 – 131.98 m @ 1.32 ppm Au, 0.78 ppm Ag (130 m NW of zone).
• Red zone: Hole RZ06‑04 – 187 m @ 0.29 % Cu, 0.07 ppm Au, 2.33 ppm Ag; includes 33 m @ 0.59 % Cu, 0.14 ppm Au, 4.19 ppm Ag and 10 m @ 0.98 % Cu, 0.19 ppm Au, 7.68 ppm Ag.
• East Red zone: No historic drilling; identified as high‑priority target based on two chargeability anomalies (west & east) with a gap in IP coverage.
• Ridge zone: Historic rock samples returned up to 9.95 ppm Au and 415.7 ppm Ag.

• Talka‑Rainbow East zone: Recent 2024 company sampling yielded gold values of 32.1 ppm, 25.2 ppm, and 16.35 ppm; associated with a large gold‑silver soil anomaly and remains untested by drilling.

• Project Context:

• Located in the Quesnel trough, Omineca mining division, BC (~250 km NW of Prince George).
• Adjacent to several advanced projects (e.g., Northwest Copper’s Kwanika/Stardust, Centerra Gold’s Mount Milligan).

• Historic work includes 109 drill holes totaling 21,878 m and identification of >15 mineralized zones across three styles (high‑grade veins, alkalic‑related gold, alkalic‑porphyry Cu‑Au).

• Qualified Person: Linda Caron, MSc, PEng, reviewed and approved the release per NI 43‑101.

Notable Quotes

(No direct quotes were provided in the release.)