Abitibi Metals Launches Large-Scale Phase 4 Drill Program Targeting up to 40,000 Metres at the B26 Project

Executive Summary

• Abitibi Metals announces the start of its Phase 4 drill program at the B26 Polymetallic Deposit, planning up to 40,000 m of drilling in 2026.
• The initial winter component will involve 15,000‑20,000 m with one rig expanding to three rigs by mid‑February, targeting resource improvement, expansion and regional discovery.
• Funding is secured through 2027, positioning the company for significant resource growth and potential shareholder value creation.

Key Details

• Phase 4 represents the largest drill campaign in company history – up to 40,000 m of drilling planned for 2026.
• Winter component: 15,000‑20,000 m, starting with one rig, expanding to three rigs by mid‑Feb 2026.
• Objectives:
• Resource Improvement Drilling – enhance geological confidence and grade continuity within the existing resource envelope; focus on extending high‑grade zone (269W5 – 17.91% CuEq over 6.3 m).
• Resource Expansion Drilling – test lateral and down‑dip extensions of known copper‑gold‑zinc mineralization; follow‑up on high‑grade intercepts such as 373W1 – 3.93% CuEq over 11.0 m.
• Regional Exploration Drilling – first district‑scale program beyond B26, targeting an initial 3,000‑4,000 m with scalability based on results.
• Company holds 50 % of the B26 Deposit and retains an option to earn an additional 30 % from SOQUEM Inc. (Investissement Québec subsidiary).
• Funding for Phase 4 is secured through 2027, enabling rapid scale‑up.
• Qualified Person: Louis Gariépy, P.Eng., VP Exploration, reviewed and approved technical information.

Notable Quotes

“Phase 4 is a major catalyst for resource growth at B26,” said Jonathon Deluce, CEO. “Building on strong Phase 3 results… we are positioned to move and quickly scale‑up to create significant shareholder value.”