McFarlane Lake applies for exploration permit at Juby

Mr. Mark Trevisiol reports MCFARLANE LAKE MINING SUBMITS EXPLORATION PERMIT APPLICATION AND INITIATES ENVIRONMENTAL BASELINE STUDY AT JUBY GOLD PROJECT McFarlane Lake Mining Ltd. has submitted an exploration permit application for its flagship Juby gold project, located near Gowganda, Ont., one of the most prospective and underexplored regions within the Abitibi greenstone belt. The permit -- submitted through the Ontario Ministry of Mines -- supports the company's plans for up to 10,000 metres of drilling that is expected to commence before year-end and target multiple high-priority zones across the property. The coming exploration campaign will also include geophysical surveys, including induced polarization and magnetic surveys, to refine and expand drill targets and better define near-surface and deeper mineralized trends. In parallel with exploration permitting, McFarlane has initiated an environmental baseline study, a key step toward responsible development, advancing future production permitting timetables and further derisking the Juby gold project. The study will set the foundation for McFarlane's first closure plan and pave the way toward an advanced exploration permit, a critical step that would allow for bulk sampling and the potential shipment of initial high-grade ore from the Juby gold project for processing off-site. "The submission of our exploration permit marks an important step forward for the Juby gold project," said Mark Trevisiol, chief executive officer of McFarlane Lake Mining. "We are aligning our exploration plans with strong environmental stewardship and regulatory compliance as we advance development and derisk this highly prospective gold asset." The Juby gold project hosts a significant near-surface gold resource (non-compliant National Instrument 43-101 resource) with strong potential for expansion both along strike and at depth. The coming drill program is designed to expand known mineralization, test high-priority targets and improve resource confidence across the deposit area. The company will provide further updates as they become available. McFarlane is also expecting to release an updated mineral resource estimate on the property in the coming days. About McFarlane Lake Mining Ltd. McFarlane Lake is a gold exploration company focused on exploring and advancing the Juby gold project near Gowganda, Ont. The Juby gold project has a non-compliant (National Instrument 43-101) inferred resource of 1,488,000 ounces at 0.98 gram per tonne gold and indicated resource of 773,000 ounces at 1.13 g/t gold. These resources are detailed in the "Technical Report on the Update Mineral Resource Estimate on the Juby Gold Project," co-written by GeoVector Management and SGS Geological Services, having an effective date of July 14, 2020. McFarlane is currently updating these historical resources to be fully compliant to NI 43-101 standards using current long-term gold pricing. McFarlane's other properties include the past-producing McMillan gold mine property and Mongowin gold property located 70 kilometres west of Sudbury, Ont. The exploration of the High Lake mineral property is located immediately east of the Ontario-Manitoba border, and the West Hawk Lake mineral property is located immediately west of the Ontario-Manitoba border. In addition, McFarlane Lake owns the Michaud/Munro mineral properties 115 km east of Timmins. McFarlane Lake is a reporting issuer under applicable securities legislation in the provinces of Ontario, British Columbia and Alberta. Historical technical data Under NI 43-101 guidelines, the technical data regarding resources and information which support these provided in this announcement are considered to be historical. The data and information were taken from a report titled "Technical Report on the Update Mineral Resource Estimate on the Juby Gold Project," co-written by GeoVector Management and SGS Geological Services, having an effective date of July 14, 2020. Per the 2020 report, the Juby property had an inferred resource of 1,488,000 ounces of gold at 0.98 g/t and an indicated resource of 773,000 ounces of gold at 1.13 g/t. Qualified person The scientific and technical information disclosed in this news release was reviewed and approved by Wesley Whymark, PGeo, consulting geologist to the company, and Mark Trevisiol, PEng, an officer of the company. Both individuals are qualified persons as defined under NI 43-101. Where historical information has not been verified, the report is clearly indicated. We seek Safe Harbor.