Metals Creek Expands High-Grade Mineralization at Naybob West in Timmins, Ontario

On October 28, 2025, Metals Creek announced results from a Phase II prospecting and mapping program at the Naybob West target, part of its Ogden Gold Project in Timmins, Ontario. The company collected 17 surface grab samples which returned high-grade gold assays up to 12.3 g/t. The mineralization is associated with strong quartz-carbonate-fuchsite alteration and remains open for expansion to the east and west. Management is planning a trenching program to further evaluate the mineralized zone. The release includes a standard disclaimer that grab samples are selective and unlikely to represent average grades.

The news is a routine, positive step in the exploration process. It successfully follows up on the initial discovery at Naybob West announced on September 16, 2025 (which had grades up to 7.59 g/t Au). These new, higher-grade results (up to 12.3 g/t Au) increase confidence in the target's potential.

This news is not material enough to be a game-changer as it is based on selective grab samples, which are very early-stage indicators. However, its timing is significant. It comes just one week after the company announced a critical $1 million private placement on October 21. Positive exploration news provides a strong rationale for this financing and should help in its successful closing. The funds raised are earmarked for exploration at projects including Ogden, so this news confirms the merit of that spending.

While the company has focused heavily on its Tillex Copper project throughout 2025, this renewed focus on its flagship 50/50 JV Ogden Gold Project is a positive development. It demonstrates progress on a key asset and justifies raising further capital. In the context of a company with a working capital deficit as of its last financials, any news that supports its ability to raise money is a net positive. The market's recent positive reaction, which saw the stock move from $0.02 to a high of $0.05, was likely in anticipation of news like this, and this release helps to support the new price level around $0.04, which is also the price of the flow-through units in the new financing.

Metals Creek Resources Corp. is a junior mineral exploration company with a portfolio of projects in Ontario and Newfoundland. The company utilizes a project generator model, optioning properties to partners, while also advancing its core projects. - Flagship Project: The Ogden Gold Project, located in the Timmins Gold Camp, Ontario. This project is a 50/50 joint venture with Discovery Silver Corp., where Metals Creek is the operator. It covers approximately 8 kilometers of the highly prospective Porcupine-Destor Fault Zone. The recent news is from the Naybob West target on this property. - Other Key Projects: The company has been actively drilling its Tillex Copper Project in Ontario throughout 2025. It also holds interests in several gold and antimony projects in Newfoundland, such as Yellow Fox (optioned to Lomiko Metals) and Careless Cove.