Cameo Completes its Induced Polarization Survey at Katoro

Executive Summary

• Cameo Resources completed raw data collection for its initial 3.1855 km² induced polarization (IP) survey on the 100% owned Katoro Gold Property in Tanzania.
• Unprocessed IP data reveal multiple high‑chargeability targets (up to 250 mV/V) that align with prior magnetic surveys and are comparable in depth to known gold mineralization at nearby Buckreef deposits.
• Processed results and a prioritized drill target list are expected within two weeks, positioning the company to launch its inaugural drilling program in early January 2026.

Key Details

• Survey Scope: 58 line‑kilometers across five grids covering 3.1855 km² of the 19.58 km² Katoro property.
• Contractor: HETAMIS Mineral Services Ltd performed field work; data handed to Dr. Didas M. Mabula for processing and interpretation.
• Raw Data Highlights:
• Multiple priority targets identified, coincident with earlier magnetic survey anomalies.
• High chargeability readings up to 250 mV/V observed.
• Target depths estimated within the top 60‑80 m of weathered bedrock, similar to gold zones at the Tembo and Nyamalimbe deposits (Buckreef Gold Mine).
• Next Steps: Processed IP report with recommended drill targets to be delivered within two weeks; drilling program slated for early January 2026.
• Qualified Person: Brian Thurston, P.Geo., technical advisor, reviewed and approved the technical information per NI 43‑101 standards.

Notable Quotes

“The Company’s goal of targeting mineralization and fast‑tracking the inaugural drill campaign is close to completion… It is exciting to see the initial IP results indicating the high prospectivity for gold mineralization to be discovered on the Katoro property.” – Brian Thurston, P.Geo., Technical Advisor

Materiality Assessment: Material – Positive (the survey results materially advance the exploration program and set the stage for the first drilling campaign).