Renforth Completes Parbec Stripping and First Close of Financing

Executive Summary

• Completed a 2,200 m² surface stripping program at the Parbec Gold deposit, confirming previously unrecognized faults and gold‑associated lithologies.
• Collected grab samples for laboratory analysis; full channel sampling postponed due to freezing conditions with plans to resume in spring.
• Closed $258,000 of financing in the first closing, issuing 10.8 M common shares & 5.4 M warrants (flow‑through) and 2.1 M shares & 2.1 M warrants (common).

Key Details

• Trenching was performed within the open‑pit design area; visual observations identified faults crossing the Cadillac Break at oblique and perpendicular angles, supporting drill‑data interpretations.
• Several lithologies previously seen only in core—known to be gold‑bearing—were observed at surface in the new trenching zones.
• Grab samples were taken and sent to the lab; freezing prevented proper washing of exposed rock, so channel sampling could not be completed this season.
• Renforth plans to continue stripping, mapping, washing, and sampling the remaining permitted area during the spring field program.
• Financing First Closing: $258,000 raised; issuance comprised:
• 10,800,000 common shares + 5,400,000 warrants (flow‑through basis)
• 2,100,000 common shares + 2,100,000 warrants (common share basis)
• The company will present at the Deutsche Goldmesse conference in Frankfurt on 15 Nov 2025 at 09:45 am to discuss the Parbec open‑pit gold deposit and nearby Victoria sulphide nickel polymetallic deposit.
• Technical content reviewed and approved by Francis Newton, P.Geo., OGQ, senior field geologist (Qualified Person under NI 43‑101).

Notable Quotes

“The successful completion of this large‑scale stripping program provides critical surface validation of our geological model and sets the stage for continued exploration work in the spring.” – Nicole Brewster, President & CEO.