Trident Resources Initiates Exploration Program at Greywacke and Hailstone Properties in Saskatchewan

Executive Summary

• Trident Resources Corp. is commencing a geological mapping and geochemical sampling program at its 100% owned Greywacke and Hailstone properties in Saskatchewan to expand known gold showings and support future drill targeting.
• The Greywacke Gold Deposit holds a historical (2021) mineral resource estimate of 101,000 oz indicated and 54,000 oz inferred at grades of ~4.9 g/t and ~4.24 g/t respectively.
• Trident is fully funded with over C$12.5 million in treasury and expects significant news flow from ongoing drill programs and upcoming technical report updates.

Key Details

• Program Scope: Geological mapping and geochemical sampling at Greywacke (primary focus) and initial work at Hailstone (option agreement to acquire 100% interest).
• Historical Resource (2021) – Greywacke Gold Deposit:
• Indicated: 101,000 oz Au @ 4.90 g/t
• Inferred: 54,000 oz Au @ 4.24 g/t
• Known Showings on Greywacke Property: Lyons Zone, Hoover Lake, Wasp Lake, Closure Lake – all part of a several‑kilometer mineralized trend.
• Geological Highlights:
• Mineralization includes up to 5% pyrite/pyrrhotite and 3–5% magnetite disseminations with fine‑grained gold.
• Specific showings:
  • Closure Lake & Lyons Zone – 930 m & 1,200 m southwest of Greywacke North Deposit.
  • Hoover Gold Showing – 3.5 km NE; 5 m × 15 m stratiform zone with visible gold grains.
  • Wasp Lake Showing – 2.4 km NE of Hoover; similar lithology to Greywacke North Deposit.
  • Shandy Lake Showing – 1.5 km NW; hosted in shear zones adjacent to a diorite intrusion, with disseminated pyrite‑gold.
• Access & Infrastructure: 16,078‑ha (6 claims) project accessed via an 11 km trail off Highway 102; located ~88 km NE of La Ronge and 22 km NE of Missinipe.
• Funding Status: Company reports a treasury balance exceeding C$12.5 million, indicating sufficient capital to fund the upcoming exploration activities.
• Future Outlook: Anticipated “ample news flow” from:
• Expanded drill program at Contact Lake (now >6,500 m in 18–20 holes).
• Technical report updates related to ongoing Mineral Resource Estimate work.
• Continued property consolidation within the La Ronge Gold Belt.

Notable Quotes

• Jonathan Wiesblatt, CEO: “The La Ronge Gold Belt is underexplored and has the potential to host multiple multi‑million‑ounce gold deposits… Greywacke is particularly promising and could quickly grow in size with minimal drilling.”
• Jonathan Wiesblatt, CEO (cont.): “The Company is fully funded, with over C$12.5 million in its treasury… we expect ample news flow in the coming months from this drill program, technical report updates … and continued consolidation of properties in this prolific gold district.”