Churchill Reports More High-Grade Gold and Silver Vein Results near Past-Producing Frost Cove Antimony Mine, Including 17.3 g/t Au and 130 g/t Ag

Executive Summary

• Churchill Resources reports high‑grade antimony, gold, and silver intercepts from July grab‑sample work on the Black Raven property, including 14 of 70 samples from newly discovered veins.
• The results are contextualized against historic mine grades of up to 35.1% antimony and 14.4 g/t Au, underscoring the property's potential for a polymetallic system.
• A drilling and trenching program is slated to commence shortly, with the drill contractor mobilizing on September 15.

Key Details

• Sample Program: July grab‑samples (70 total) collected across Black Raven; 14 samples identified as highly mineralized new veins.
• Historic Benchmarks: Frost Cove Antimony Mine historically returned 35.1% antimony; Stewart Gold Mine returned up to 14.4 g/t Au and 56.7 g/t Ag.
• Highlighted Intercepts (selected):
• Vein DW‑3XX – high‑grade antimony, gold, silver (specific assay values provided in release table).
• Taylor’s Room & Morton Harbour Head prospects – very high‑grade results from newly sampled veins.
• Assay Process: Samples crushed at SGS Canada Inc., Grand Falls‑Windsor; splits sent to Burnaby for GE_AAS33E50 assays and ore‑grade analytical methods.
• Qualified Person Review: Dr. Derek H.C. Wilton, P.Geo., FGC (NI 43‑101 QP) reviewed all sites and samples.
• Property Overview: 125 claims covering 3,125 ha (31.25 km²); nine map‑staked licenses contiguous in Newfoundland & Labrador.
• Future Work: Drill contractor mobilizing to Frost Cove site on September 15; drilling and trenching program to follow prospecting phase. Soil sampling continues to generate new target areas later this year.
• Strategic Context: Antimony highlighted as a critical mineral for national security, defense, flame retardants, alloys, batteries, and emerging energy‑storage technologies.

Notable Quotes

“Work at the Black Raven polymetallic system continues to deliver high grade veins away from the known mines and prospects… These latest gold‑silver‑antimony results should be considered in the context of the high‑grade antimony at the historic Frost Cove Mine…” – Paul Sobie, President

Materiality Assessment: Non‑Material – Positive (exploratory sampling results that are encouraging but not yet indicative of a proven resource).