AUQ Gold completes acquisition of Bellechasse project

Executive Summary

• AUQ Gold Mining Inc. completed the acquisition of 100 % of the Bellechasse‑Timmins (B‑T) project, consisting of six claims covering 351.94 ha in Quebec.
• Consideration paid: $73,250 cash plus 384,851 common shares issued to the vendors (subject to a four‑month hold period).
• The B‑T deposit includes four mineralized zones with NI 43‑101 compliant resources totaling up to ~313,900 oz indicated and ~102,000 oz inferred gold at a 0.6 g/t cut‑off.

Key Details

• Acquisition Scope: Six claims, total area 351.94 ha (3.52 km²) located ≈100 km SE of Quebec City in the Beauce‑Bellechasse region.
• Consideration Paid:
• Cash: $73,250
• Equity: 384,851 common shares issued to vendors; shares carry a hold period of four months plus one day per securities law requirements.
• Geological Setting: Folded mafic intrusive, volcaniclastite and sedimentary units with SW‑NE orientation; mineralized bodies dip steeply SE and plunge SW.
• Mineralized Zones: Timmins 1 (T1), Timmins 2 (T2), Ascot, and 88 zones.
• NI 43‑101 Resource Estimates (cut‑off 0.6 g/t Au):
• With Gold Capping at 30 g/t Au – Indicated: 2.905 Mt @ 1.83 g/t Au = 171,000 oz; Inferred: 2.173 Mt @ 1.36 g/t Au = 95,000 oz.
• Without Gold Capping – Indicated: 2.905 Mt @ 3.36 g/t Au = 313,900 oz; Inferred: 2.173 Mt @ 1.46 g/t Au = 102,000 oz.
• Qualified Person: Jacques Marchand, P.Eng., geology – qualified under NI 43‑101 to review and approve the technical information.

Notable Quotes

(No direct quotes provided in the release.)