Renforth Issues Gold & PGE Exploration Update in Quebec & Financing Announcement

Executive Summary

• Renforth Resources announced the start of permitting for an underground bulk‑sample program at its Parbec Gold deposit and identified a key hinge‑fold structure for further follow‑up in Spring 2026.
• The company is reviewing 10,300 m of core from the Victoria Polymetallic Deposit and will assay for platinum‑group elements (PGE), with results to be incorporated into an upcoming technical report.
• Renforth plans a non‑brokered private placement of up to C$0.5 million consisting of flow‑through shares and hard‑dollar units, with proceeds earmarked for 2026 drilling at Parbec and Victoria, permitting work, and general corporate expenses.

Key Details

• Parbec Gold – Bulk Sample Permitting
• Underground bulk‑sample program to use existing 1980s decline (≈100 m depth).
• Initial Notice of Work and Advanced Exploration Application filed; approval expected by late Q1 2026.

• Upon approval, Renforth will seek a temporary mining lease and Certificate of Authorization for the bulk sample.

• Parbec Gold – Surface Work

• Winter pause on surface stripping; work to resume after thaw.

• Recent stripping exposed the hinge‑fold zone where the “Diorite Splay” separates from the Cadillac Break, slated for additional stripping and washing.

• Victoria Polymetallic Deposit – PGE Testing

• ~10,300 m of drilling across a 2.5 km strike reviewed; select core to be submitted for platinum and palladium assaying.

• Anticipated inclusion of PGE in the next NI 43‑101 technical report (current resource excludes PGE due to limited sampling).

• Financing – Private Placement

• Up to C$500,000 to be raised via non‑brokered private placement:
  • Flow‑through shares at C$0.02 per share.
  • Hard‑dollar units at C$0.02 per unit (each unit = 1 common share + 1 warrant).
  • Warrants exercisable at C$0.05 for 24 months from closing.
• Securities subject to a statutory hold period of four months and one day.

• Finder’s fees up to 6% of gross proceeds may be paid; finder warrants possible.

• Use of Proceeds

• Q1 2026 drilling at Parbec Gold deposit (≈7,500 m planned).
• Q1 2026 drilling at Victoria Polymetallic Deposit (≈10,000 m planned).
• Continued permitting for underground bulk sample at Parbec.

• Ongoing surface work at Parbec and general & administrative expenses.

• Technical Plans for 2026

• Parbec: 7,500 m of drilling, surface channel surveys, drill‑collar mapping, advance to Certificate of Authorization, update resource estimate.

• Victoria: 10,000 m of drilling, new technical report incorporating PGE results, carbon sequestration studies, ore‑sorting and processing tests.

• Qualified Person – Martin Demers, P.Geo., VP Exploration, reviewed and approved the technical information per NI 43‑101 standards.

Notable Quotes

(No direct quotes were provided in the release.)