FOKUS MINING ACQUIRES SIGNIFICANT & STRATEGIC PROPERTIES ALONG CADILLAC-LARDER LAKE FAULT AND PROVIDES CORPORATE UPDATE

On November 28, 2025, Fokus Mining announced the acquisition of the Dufay Property, a 6,083-hectare land package in Quebec. The consideration for the 100% interest is approximately $656,565, consisting of $56,565 in cash and the issuance of common shares valued at $600,000.

This acquisition consolidates Fokus's land position along the Cadillac-Larder Lake Fault to nearly 16,000 hectares (~160 sq km). The company also provided an update on its Galloway Project, reporting two new drill intercepts from hole GA-25-96: - 3.46 g/t Au over 1.5 metres - 7.13 g/t Au over 1.0 metre

These holes were drilled to test a chargeability anomaly.

The news is materially positive, primarily due to the strategic consolidation of a district-scale land package along a highly prolific gold-producing structure. This move follows a similar large acquisition from Visible Gold Mines closed in September 2025, demonstrating a clear and aggressive strategy to become a dominant landholder in the region. This increases the company's long-term exploration potential and "blue sky" appeal.

However, the impact must be weighed against several critical factors: - Drill Results: The provided drill results are modest. While the grades are decent, the intervals are very narrow (1.0-1.5 metres). They do not materially change the investment thesis for the Galloway project, which remains a large, low-grade, bulk-tonnage target. These results are not exceptional when compared to historical intercepts on the property. - Dilution: The acquisition is funded through a combination of cash and shares, resulting in further dilution for existing shareholders. This is on top of the 10 million shares issued for the September acquisition. - Increased Capital Burden: A larger land package requires significantly more capital to explore effectively. Given the company's current financial position, this raises questions about how it will fund these expanded exploration programs.

In summary, the strategic land acquisition is a clear positive for the company's long-term vision. However, it does not add immediate, tangible value in the form of defined resources and puts further strain on the company's balance sheet. The market may view the strategic aspect positively but will remain cautious due to the associated financing risks.

Fokus Mining Corporation is a junior mineral exploration company focused on the acquisition and exploration of gold properties in Quebec, Canada. Its flagship asset is the Galloway Project, located along the prolific Cadillac-Larder Lake Fault in the Abitibi greenstone belt. The project hosts a March 2023 NI 43-101 inferred mineral resource estimate of 1.42 million ounces of gold (41.2 Mt at 1.07 g/t Au), characterized as a large, low-grade, bulk-tonnage system. Through recent acquisitions, the company has expanded its landholdings in the area to nearly 16,000 hectares, creating a district-scale exploration opportunity.