Scottie Resources Intercepts 9.7 g/t Gold over 18.00 m and 26.2 g/t Gold over 2.45 m at Blueberry Contact Zone at Scottie Gold Mine Project, BC

Scottie Resources Corp. (SCOT) has released the first batch of assay results from its 2026 drill program, covering four holes from the Blueberry Contact Zone. The most significant intercept came from hole SR26-492, which returned 18.00 m at 9.7 g/t Au from 186.50 m. This interval includes 2.00 m at 40.4 g/t Au, which further contains 1.00 m at 78.5 g/t Au.

SR26-492 also reported 7.00 m at 11.5 g/t Au, including 1.00 m at 56.8 g/t Au, alongside a separate 2.00 m at 15.9 g/t Au at Lemoffe. Hole SR26-489 returned 2.45 m at 26.2 g/t Au at Lemoffe, while SR26-490 returned 2.45 m at 14.6 g/t Au at Blueberry, accompanied by additional lower-grade intervals. In contrast, SR26-493 returned only narrow, low-grade intervals of 1.35 m at 1.7 g/t Au and 1.00 m at 1.7 g/t Au.

Operationally, Scottie has drilled more than 40,000 m across 160 holes. The company now expects an additional 12,000–16,000 m of drilling within the existing budget. Eight diamond drills are currently active, with seven operating at the Scottie Gold Mine and one at Cambria. An updated Mineral Resource Estimate (MRE) and Feasibility Study remain targeted for the first half of 2027.

Scottie Resources Corp. (SCOT) is an advanced explorer and developer with a Preliminary Economic Assessment (PEA) and a 703 koz inferred resource. As the company is not a grassroots micro-cap discovery story, drill results are primarily significant for their ability to support resource conversion and mine planning. For infill and resource-definition holes, the relevant benchmark is the existing resource grade rather than historical high-grade intercepts.

The current resource grades stand at 6.1 g/t Au for the total resource, 8.66 g/t Au for underground areas, and 3.17 g/t Au for the pit. Recent results from SR26-492, which returned 18 m of 9.7 g/t Au, and SR26-489, which returned 2.45 m of 26.2 g/t Au, confirm or exceed the underground resource grade. These outcomes represent expected infill results. However, compared to the embedded 2025 hero-hole benchmark, the first batch of 2026 results is materially lower in both grade and gram-metres.

On the operational front, drilling costs remain below budget and productivity is high, allowing for an additional 12,000–16,000 m of drilling within the existing budget. The price impact of this news is expected to be modestly positive to neutral. While the resource confirmation supports the company’s narrative, the market has already substantially re-rated Scottie following the 2025 bonanza results and the PEA. Consequently, this release is unlikely to produce a standalone price move of 15% or more. The current price already assumes the Blueberry hosts a high-grade resource; these intercepts confirm that assumption without materially expanding it.

Scottie Resources Corp. controls a district-scale land package of approximately 58,500 hectares in the Stewart Mining Camp, British Columbia. The company’s core assets include the Scottie Gold Mine Property, Blueberry Contact Zone, Georgia Project, Cambria, Sulu, and Tide North. Current inferred resources total 3.6 million tonnes at 6.1 grams per tonne of gold, equating to roughly 703,000 ounces of gold. No reserves are reported, and all ounces are classified as inferred.

An October 2025 Preliminary Economic Assessment (PEA) outlines a low-capital expenditure Direct-Shipping Ore model with an after-tax NPV5 of C$215.8 million at US$2,600 per ounce gold. A conceptual toll-milling scenario yields an NPV5 of C$380.1 million. Initial capital expenditure is estimated at approximately C$128.6 million, with average annual production of about 65,400 ounces over seven years. The company recently sold a bulk sample, generating approximately C$9 million in net revenue, which supports its Direct-Shipping Ore concept.

As of the third quarter of 2026, Scottie Resources reported a financial position of approximately C$34.1 million in cash and C$28.5 million in working capital, with no debt and roughly 76.96 million shares outstanding. Prior-period context from the Management’s Discussion and Analysis indicates that Scottie remains an exploration-stage company with no operating revenue, relying on equity financing to fund exploration and development.