Champs d'or en Beauce Recoit les Autorisations ATI pour Explorer le Canal Aurifere Placerien de Saint-Simon-Les-Mines

Regulatory Approval for 2026 Exploration Program

• Date: April 28, 2026
• Event: Receipt of Impact Exploration Authorizations (ATI-703 and ATI-704) from Quebec Ministry of Natural Resources and Forests.
• Scope: Permits sonic drilling and seismic refraction geophysical surveys for the Saint-Simon-Les-Mines placer gold project.
• Validity: Two years, expiring April 21, 2028.
• Target Validation: Work aims to validate a conceptual exploration target of 3.86 million m³ @ 0.81 g Au/m³ to 4.9 g Au/m³ (including nugget effect).
• Context: Follows the February 26, 2026 application for ATI and the September 3, 2025 technical report that doubled the exploration target volume from 2.2 million m³ to 3.86 million m³.

Execution of Previously Disclosed Upside

• The April 28, 2026 news represents the regulatory clearance required to execute the work program announced in September 2025 (which doubled the exploration target).
• Materiality: While positive, this is considered Routine - Positive because the significant upside potential was already disclosed and priced into the stock during the September 3, 2025 "Material - Positive" update regarding the target doubling.
• No New Discovery: The news confirms permitting for existing targets rather than revealing new geological data or resource estimates that would fundamentally alter valuation models.

Beauce Gold Property (Saint-Simon-Les-Mines)

• Type: Historic Placer Gold District with Lode Source Potential.
• Status: Exploration. Conceptual exploration target defined but no NI 43-101 resource yet.
• Target: 3.86 million m³ @ 0.81–4.9 g Au/m³ (Conceptual).
• Geology: Paleochannel system with deltaic targets; Saddle Reef antiform structures identified as potential bedrock sources.