Fredonia Mining Inc. Secures Strategic Judite Property

• On April 30, 2026, Fredonia Mining Inc. announced the acquisition of the Judite property, a 4,913-hectare gold and silver exploration license in the Deseado Massif, Argentina.
• The acquisition was secured through a competitive bidding process following the lapse of previous rights, with the company settling outstanding concession fees of approximately US$25,000.
• The property is contiguous with the company's flagship El Dorado–Monserrat (EDM) project and sits adjacent to AngloGold Ashanti’s Cerro Vanguardia mine.
• Total consolidated district land position increases to approximately 21,800 hectares.
• Geological indicators include major quartz veining extending from the EDM license, Chon Aike Formation rocks, and historical anomalous gold/silver values.

• Positive but Expected: The acquisition expands the company's district-scale platform at a negligible cost ($25,000). This is consistent with the strategy outlined in previous updates (April 14 PEA initiation, April 16 drill program commencement).
• No Immediate Resource Impact: While the land position is strengthened, no new mineral resource has been defined on Judite yet. The value is contingent on future exploration results confirming continuity of mineralization from EDM.
• Capital Efficiency: Utilizing a small portion of the C$7M raised in February 2026 to secure strategic ground demonstrates efficient capital allocation compared to more expensive acquisitions.
• Risk Mitigation: Securing land adjacent to a major producer (AngloGold) reduces tenure risk and validates the geological corridor, but does not eliminate exploration risk.

• Company: Fredonia Mining Inc. is an exploration-focused mining company operating in Argentina's Deseado Massif.
• Flagship Project: El Dorado–Monserrat (EDM) Project, Santa Cruz Province.
  • Status: Advanced Exploration / PEA Stage.
  • Resource: 81.3 million tonnes Measured & Indicated at 0.86 g/t AuEq (~2.25 million ounces).
  • Strategy: Advance EDM through drilling and permitting while securing financing for development.
• Other Assets: El Aguila, Hornía (Petrificados), Anita, and now Judite properties.