Canamera Confirms up to 6,557 ppm TREO from Iron Hills Over-Limit Re-Assay Results

Executive Summary

• Updated assay results from the Iron Hills prospecting program show six samples with TREO > 3,000 ppm, including a peak of 6,557 ppm (0.66% TREO) and 2,336 ppm Nd in Sample 47.
• Five of the 48 collected rock samples exceeded detection limits for Ce, Nd, and Y; follow‑up sodium peroxide fusion analyses provided quantitative values.
• The company plans additional airborne geophysical surveys (magnetics, radiometrics, EM) and expanded follow‑up sampling to further evaluate REE mineralization potential.

Key Details

• Sample Highlights:
• Sample 47 – TREO 6,557 ppm (0.66%); Nd 2,336 ppm.
• Sample 09 – HREO 2,841 ppm; Y 1,305 ppm.

• Total of six samples now exceed 3,000 ppm TREO (>0.30%).

• Assay Methodology:

• Initial analysis with IM‑4AB61 (four‑acid digestion + ICP) for 61 elements.

• Over‑limit samples re‑analyzed via sodium peroxide fusion to obtain quantitative REE values.

• Quality Assurance / Quality Control:

• Certified reference standards, blanks, and field duplicates inserted throughout sample stream.

• Laboratory: American Assay Laboratories (AAL), ISO‑accredited, independent of the company.

• Exploration Outlook:

• Reviewing options for airborne magnetics, radiometrics, and EM surveys over Iron Hills.

• Immediate priority is to mobilize field crews for expanded sampling and analytical programs targeting higher REE concentrations.

• Qualified Person Review:

• Technical information reviewed and approved by Warren Robb, P.Geo., Vice‑President Exploration (NI 43‑101 Qualified Person).

Notable Quotes

“We are encouraged by the elevated rare earth values obtained from our initial prospecting pass… Obtaining multiple quantitative values above 1,000 ppm with one as high as over 6,000 ppm provides us with specific areas to focus on for follow‑up sampling.” – Brad Brodeur, CEO

Materiality Assessment: Material – Positive (significant assay results indicating notable rare earth potential).