Bullion, Olympio drill 14.5m of 1.96 g/t Au at Bousquet

Executive Summary

• First two drill holes at the Decoeur prospect (Bousquet project, Quebec) returned significant gold intercepts, extending mineralization both at depth and along strike.
• Hole BO‑25‑40 delivered a best‑ever intercept of 14.50 m @ 1.96 g/t Au; Hole BO‑25‑39 intersected 3.75 m @ 2.24 g/t Au near surface.
• Olympio Metals’ option agreement gives it the right to earn an 80% interest in Bousquet for $2 M of exploration work plus a $1.25 M cash/share payment.

Key Details

• Hole BO‑25‑40: 14.50 m @ 1.96 g/t Au from 355.50 m depth (down‑hole); drilled at azimuth 220°, targeting north‑trending structures; mineralization hosted in chlorite‑carbonate altered talc‑schist within the hanging wall of the North Bousquet fault.
• Hole BO‑25‑39: 3.75 m @ 2.24 g/t Au from 13.25 m depth (down‑hole); intersected shallow gold associated with the North Bousquet fault, hosted in talc‑schist.
• All 12 drill holes completed across three prospects at Bousquet have intersected high‑grade gold mineralization to date.
• Additional drilling (holes BO‑25‑50 and BO‑25‑51) has been completed; assays pending, targeting sulphide‑bearing altered talc schists east of BO‑25‑39.
• Olympio Metals holds an option to earn an 80% interest in the Bousquet project by delivering $2 M of exploration work and a cash/share payment of $1.25 M.
• VLF EM survey confirms continuity of the North Bousquet fault; historic ground‑based VLF data (1986) indicates conductive linear features consistent with disseminated sulfides/graphitic schists.
• QA/QC: Core split, half sent to AGAT Laboratories; fire assay on 50 g samples with atomic absorption finish; four‑acid digestion with ICP‑OES for base metals and pathfinder elements; duplicate standards, blanks, and certified reference materials used.
• Qualified Person: Gilles Laverdière, P.Geo., Director, approved the release under NI 43‑101.

Notable Quotes

“We are delighted to have returned the best intercept at Decoeur with a single targeted drill hole… further drilling with this strategy will provide an opportunity to upgrade the scale of the Decoeur prospect.” – Sean Delaney, Managing Director, Olympio Metals Ltd.

“Bullion Gold's management is very encouraged by the steady flow of positive results at Bousquet… could provide significant strategic advantages should future results confirm the potential for an economic gold deposit.” – Guy Morissette, CEO, Bullion Gold Resources Corp.