Open Mineralization and Expansion Potential Confirmed at Cimarron Gold Project, Nevada and Revised Financing to $920,000

Executive Summary

• Surface Metals completed a digitized historical drill database for the Cimarron Gold Project, confirming substantial upside with multiple mineralized zones open along strike and at depth.
• The database contains 234 historic holes (≈18,066 m); notable intercepts include 32.01 m @ 2.23 g/t Au and 56.39 m @ 0.52 g/t Au.
• Gold Runner revised its non‑brokered private placement to up to 4.6 M units at $0.20 per unit, targeting gross proceeds of up to $920,000, with closing expected around November 28 2025.

Key Details

• Historical Drill Database – 234 holes, ~18,066 m total depth compiled and digitized for the Cimarron Gold Project (Nye County, NV).
• Exploration Upside – Approximately 30% of shallow holes terminate within mineralization, indicating potential for deeper drilling expansion.
• Significant Intercepts
• Hole(s) with 32.01 m grading 2.23 g/t Au.
• Hole(s) with 56.39 m grading 0.52 g/t Au.
• Geological Insight – The gold system remains open directionally along strike; three isolated zones appear to merge at depth, suggesting a larger contiguous resource.
• Future Drilling Plan – Surface Metals intends to commence a maiden drill program in 2026 targeting high‑priority zones identified through 3D modelling.
• Financing Revision – Private placement increased to up to 4,600,000 units at $0.20 per unit, for gross proceeds of up to $920,000.
• Offering Terms – All other terms from the November 18 and 24 announcements remain unchanged; no insiders, directors or officers will participate.
• Closing Timeline – Anticipated closing on or about November 28 2025, subject to CSE approval and customary conditions.
• Governance – Independent Directors approved the revised offering as being in the best interests of the company under CSE Policy 4.6(2)(b).

Notable Quotes

• Steve Hanson, President & CEO, Surface Metals: “Our review demonstrates that the gold system at Cimarron has not been fully tested… presents a compelling opportunity to expand the known gold mineralization.”
• Chris Wensley, CEO, Gold Runner Exploration: “We are very pleased with Surface Metal's diligent preparation and approach… we look forward to expansion of the resource and efforts to demonstrate viability of the project.”