Red Pine Uncovers High-Grade Gold in Cooper Area, Highlighting Significant Exploration Potential; PEA Remains on Schedule for H1 2026

The most recent news, dated November 10, 2025, announces the discovery of high-grade gold in the Cooper area of the Wawa Gold Project. Drill hole SD-25-556 intersected 82.50 g/t gold over a core length of 0.74 meters at a depth of 288.97 meters. This intersection is within the Y106 shear zone, a structure located approximately 500 meters from the existing mineral resource. The company notes this result helps trace the Y106 shear over 500 meters of strike length and 320 meters down-dip. Red Pine also confirmed that the Preliminary Economic Assessment (PEA) for the Wawa Gold Project remains on schedule for completion in the first half of 2026.

The discovery of a new, very high-grade gold zone is materially positive. While the intercept is narrow (0.74m), the grade (82.5 g/t Au) is exceptional and, critically, is located 500 meters away from the existing resource in a separate structural zone (Y106 Shear). This is not an infill hole; it is a discovery hole that validates the company's exploration model and opens up a significant new target area for resource expansion.

Reviewing the historical news provides a clear picture of a company that is executing its strategy effectively: - Nov 2024 - Mar 2025: The company began a 25,000-meter drill program focused on step-out drilling to expand the resource at depth. Early results were encouraging, successfully extending mineralization and discovering a parallel shoot, culminating in a significant 600-meter step-out intersection of 5.68 g/t Au over 10.72 meters in March 2025. - May 2025 - Sept 2025: Management pivoted smartly to assess a near-term, open-pit production scenario to capitalize on high gold prices. This program yielded excellent near-surface, high-grade results, including 14.51 g/t over 4.81m, 45.38 g/t over 3.13m, and 9.03 g/t over 14.00m. These results provide strong support for the potential starter pit concept. - June - July 2025: The company successfully completed an upsized financing, raising $8.5 million to fully fund its exploration programs and the PEA. This de-risks the company's short-term financial position. - Oct 2025: Red Pine initiated a new 9,000-meter definition drilling program and a surface trenching program, demonstrating a continuous and aggressive approach to advancing the project toward the PEA. - Nov 2025 (Current News): This latest discovery hole is a significant exploration success that complements the ongoing engineering and definition work. While the PEA is focused on the Jubilee Shear, this discovery in the Cooper area substantially increases the perceived long-term, large-scale potential of the Wawa project.

In conclusion, the news is materially positive because it demonstrates significant exploration upside beyond the area currently being evaluated for near-term production. It adds a new high-potential target to the project's inventory and reinforces the idea that Wawa is a large, underexplored gold system. This is precisely the kind of news that attracts investor attention for its resource growth potential.

Red Pine Exploration Inc. is a junior mining company focused on advancing its flagship Wawa Gold Project in Ontario, Canada. The project is a brownfield site with existing infrastructure in a well-established mining camp. The company's strategy is two-pronged: 1) fast-track the development of near-surface, high-grade "starter" pits, with a PEA expected in H1 2026, potentially utilizing regional toll-milling to reduce initial capital costs; and 2) continue to explore the property's potential for a larger, multi-million-ounce resource at depth. The project hosts a September 2024 NI 43-101 compliant resource of 842,000 oz Indicated and 843,000 oz Inferred.