Caprock Announces Receipt of Permit and Plans for Commencement of Drill Program at Destiny

Executive Summary

• Caprock Mining Corp. received the Autorisation pour travaux d'exploration à impacts (ATI Permit) for its Destiny gold project in Quebec, clearing a key regulatory hurdle for drilling.
• The company has secured contracts with local contractors and service providers and plans to commence a 1,700‑2,000 m drill program on November 7, 2025 targeting a high‑grade underground mineralized zone identified from historic intercepts (up to 26.6 g/t Au).
• The announcement expands the potential resource base beyond the current open‑pit constrained MRE (Indicated: 196,549 oz Au; Inferred: 794,886 oz Au) and signals a material step toward testing deeper, higher‑grade gold mineralization.

Key Details

• Permit: Autorisation pour travaux d'exploration à impacts (ATI Permit) obtained for Destiny property.
• Drill Program Start Date: Targeted start – November 7, 2025.
• Program Scope: 1,700–2,000 m of diamond drilling comprising one surface “pilot” hole and three directional “wedged” holes.
• Objective: Test the 200‑250 m vertical gap between the bottom of the current open‑pit shell (~350 m depth) and historic deep‑seated high‑grade intercepts at ~550–600 m depth.
• Historical Intercepts (for context):
• Hole DES‑01‑60 – 26.6 g/t Au.
• Hole DES‑01‑59 – 17.5 g/t Au.
• Both intersected high‑grade mineralization ~550 m below surface, ~200–250 m below the current pit floor and are >200 m laterally apart.
• Contractors & Service Providers:
• Forage Val d’Or – drilling contractor.
• Explo‑Logik – geological consulting & core processing.
• Gestion MDM Gilbert – core storage.
• AGAT Laboratories – assaying.
• Corriveau J.L. & Associes – land surveying.
• Current Open‑Pit Constrained MRE (as of March 2025):
• Indicated: 6,752,000 t @ 0.91 g/t Au → 196,549 oz Au.
• Inferred: 28,560,000 t @ 0.87 g/t Au → 794,886 oz Au.
• Technical Review: Resource estimate prepared by Todd McCracken, P.Geo., BBA E&C Inc.; conforms to NI 43‑101 and CIM standards.
• Forward‑Looking Statements: The release contains expectations regarding the potential for underground mineable resources, timing of exploration activities, and future financing needs.

Notable Quotes

“The ATI Permit removes a critical regulatory barrier, allowing us to move forward with a focused drill campaign that could significantly expand our resource base at Destiny,” – Vishal Gupta, President & CEO.