AuMEGA Defines New Multi-Kilometre Gold Corridor at Cape Ray West

Executive Summary

• AuMEGA Metals reports multiple >99th percentile gold‑in‑till anomalies at Cape Ray West, defining a new ~3 km‑long high‑grade corridor along the underexplored Isle aux Morts Granite.
• The program has identified three discrete anomalies (peak values 402 ppb, 118 ppb and 113 ppb Au) that coincide with magnetic breaks, EM signatures and mapped structures, generating a pipeline of priority drill targets.
• The company is fully funded to commence drilling on the highest‑priority targets in Q4 2025; assay results from additional till samples are pending.

Key Details

• Anomaly One: 402 ppb Au peak; northwest‑southeast trend; aligns with a geophysical feature and contacts between paragneiss and siliciclastic sediments.
• Anomaly Two: 118 ppb Au peak; ~1,500 m length; north‑south orientation within the Isle aux Morts Granite; coincident with magnetic/EM anomalies and quartz veins.
• Anomaly Three: 113 ppb Au peak; ~1,900 m length; east‑northeast to west‑southwest trend across both paragneiss and granite.
• Sampling Grid: Till samples collected on a 160 × 80 m north‑south grid; hand‑auger method targeting C‑horizon (or B‑horizon where necessary); ~2 kg per sample, processed by Eastern Analytical and ALS Global using ICP‑MS after aqua regia digestion.
• Assay Status: Current till assays are complete for the initial program; additional samples from a major airborne EM anomaly southeast of Central Zone have been shipped for analysis – results expected shortly.
• Funding & Schedule: The drilling campaign is fully funded; field mobilization planned for Q4 2025 to test high‑priority targets derived from integrated geochemical, geophysical and structural datasets.
• Resource Context: Cape Ray Project hosts 420,000 oz Indicated and 141,000 oz Inferred gold resources (US$1,750/oz). The new corridor lies ~3 km west of the Window Glass Hill resource and ~1 km south of the BP deposit.
• Management Comment: CEO Sam Pazuki highlighted that the discoveries “expand the footprint of mineralisation well beyond the boundaries of our current high‑grade deposits” and reinforce AuMEGA’s position in one of Canada’s most prospective gold belts.

Notable Quotes

“Cape Ray continues to demonstrate all the hallmarks of a fertile gold system… We are set up with multiple high‑quality drill targets, which the Company is fully funded to drill in the fourth quarter of 2025.” – Sam Pazuki, Managing Director & CEO

Materiality Assessment: Material – Positive (new high‑grade anomalies and a funded drilling program that could materially expand the company’s resource base).