Canamera Provides Exploration Update on Schryburt Lake Rare Earths Project and Engages First Nations Consultant

Executive Summary

• Canamera Energy Metals Corp. released a detailed exploration update on its Schryburt Lake Rare Earths Project in northwestern Ontario, outlining four high‑priority REE‑Nb targets (Blue Jay, Goldfinch, Blackbird, Starling) supported by extensive geophysical and geochemical work.
• The company announced the hiring of Andrew Best as Manager of Indigenous Relations to lead community engagement and support permitting for a forthcoming maiden drill program.
• The release highlights substantial historic and recent data acquisition (helicopter‑borne magnetic/radiometric surveys, rock grabs, biogeochemical sampling) that underpin the multi‑centre carbonatite‑hosted REE‑Nb system model.

Key Details

• Project Scope: 255 mineral claims covering ~4,948 ha; located 52 km east of Orla Mining’s Musselwhite Mine and ~136 km NNE of Pickle Lake with road access within 30 km.
• Option Structure: Canamera holds an option to earn up to a 90 % interest in Schryburt Lake from Bindi Metals Ltd., subject to a 1 % NSR royalty (see Nov 14 2025 release).
• Target Summaries:
• Blue Jay (Flagship): 3‑D magnetic inversion suggests a coherent body up to ~1,000 m depth and 650 m width.
• Goldfinch: Niobium‑rich; thorium radiometric anomaly ≈1,000 × 800 m; magnetic model indicates a body to ~850 m depth, 1,000 m width.
• Blackbird (New): Surface anomaly ≈230 × 190 m; thorium anomaly ≈400 × 350 m; potential body to ~800 m depth, 400 m width – an untested discovery target.
• Starling: Geochemical anomaly ≈300 × 200 m; thorium anomaly ≈750 × 550 m; magnetic model suggests a concealed body to ~600 m depth, 750 m width.
• Historical Work: Line‑cutting, ground magnetics, 22 pits, 6 trenches, 6 RC drill holes, ~60 soil/rock samples (1960s‑present).
• Recent Data Acquisition:
• 50 rock grab samples, 130 tree‑bark biogeochemical samples.
• Digitization of 1,791 legacy magnetic stations.
• 500 km line‑spaced helicopter‑borne magnetic & radiometric survey (50 m spacing).
• ~62 km² satellite radar and multispectral coverage.
• Indigenous Relations Appointment: Andrew Best hired as Manager of Indigenous Relations; brings >30 years experience in First Nations consulting, media production, and engagement for mining projects in Canada’s Ring of Fire region.
• Permitting Outlook: Company intends to re‑engage with relevant First Nations groups to advance permitting for a maiden drill program.
• Qualified Person Review: Technical information reviewed and approved by Warren Robb, P.Geo., Vice‑President Exploration (NI 43‑101 Qualified Person).

Notable Quotes

“Schryburt Lake represents a compelling exploration opportunity in a well‑established mining jurisdiction… we look forward to building meaningful relationships with local First Nations communities as we work toward permitting a maiden drill program.” – Brad Brodeur, CEO

“I’m proud to join the Canamera Energy Metals team at such a historic juncture… while having an eye to setting high environmental standards and building constructive relationships with local First Nations.” – Andrew Best, Manager of Indigenous Relations