Auriginal-IAMGOLD Anik JV Drilling Program Commences in the Nelligan Gold Camp

Executive Summary

• Auriginal Mining Corp. and JV partner IAMGOLD have begun an 8‑hole, 1,600 m diamond drilling program on the Anik property to test high‑priority gold targets adjacent to IAMGOLD’s Nelligan Gold Deposit.
• The drill program is being operated by IAMGOLD, has already started hole 3, and is slated for completion in February 2026.
• Under the Earn‑In JV agreement, IAMGOLD exercised its option and now holds a 75% undivided interest in the Anik project, with Auriginal retaining 25%.

Key Details

• Location: Anik JV property, ~40 km SW of Chapais, Quebec; adjacent to the eastern continuation of the Nelligan Deformation Zone (NDZ).
• Drill Program: 8 holes, total depth ≈1,600 m targeting geophysical, geological and structural gold anomalies in the north‑central portion of the property.
• Progress: Drilling has commenced; hole 3 is currently underway; program expected to finish by February 2026.
• Historical Intercepts (for context):
• BH ANK‑22‑29 – 2.82 g/t Au over 6.3 m (including 9.76 g/t Au over 1.5 m).
• ANK‑24‑39 – 1.46 g/t Au over 6.6 m (including 4.84 g/t Au over 0.6 m).
• JV Terms: Original Earn‑In agreement (signed May 26 2020) granted IAMGOLD a first option to acquire up to 75% interest upon meeting cash payment ($600,000) and $4 M exploration spend requirements over five years. All conditions were satisfied on May 26 2025; IAMGOLD exercised the option.
• Ownership Post‑Option: IAMGOLD – 75%; Auriginal – 25%.

Notable Quotes

“We are excited to have IAMGOLD as a JV partner to advance the Anik gold project,” said Peter Cashin, CEO of Auriginal Mining Corp.

All technical information reviewed and approved by Charles Beaudry, P.Geo (1202) and géo. (311), Director and Qualified Person (NI 43‑101).