Makenita Commences Operations on the Sisson West Tungsten Project in New Brunswick

Executive Summary

• Makenita Resources Inc. has commenced a helicopter-based aeromagnetic, radiometric, and VLF (very-low-frequency) survey across its entire Sisson West tungsten project in New Brunswick.
• The Sisson West project is located directly adjacent to the Sisson Tungsten mine, which was recently designated as a "nation-building project" by the Prime Minister of Canada.

Key Details

• Survey Scope: Helicopter-based aeromagnetic/radiometric/VLF survey covering the entirety of the Sisson West tungsten project.
• Project Location: New Brunswick, Canada (adjacent to the Sisson Tungsten mine).
• Company Capital Structure: Approximately 30 million shares outstanding.
• Additional Project Portfolio:
  • NTX Rare Earth Project (Quebec): Approximately 9,000 acres prospective for rare earths.
  • Hector Property (Ontario): 5,542-acre property near Cobalt, prospective for cobalt, silver, and diamonds.

Notable Quotes

• Jason Gigliotti, President of Makenita Resources Inc.: "It is great to finally be underway on this exciting project at a time when tungsten prices and demand are strong. With just over 30 million shares outstanding, any success in the ground would have a meaningful impact on the Company given such a small float."