Signature to drill 3,000 m in fall 2025

Executive Summary

• Signature Resources Ltd. announced a fall‑2025 diamond drilling program of ~3,000 m across six drill holes to expand the Lingman Lake gold resource.
• The company is launching a non‑brokered private placement of flow‑through and non‑flow‑through units for up to $3 million gross proceeds, priced at $0.06 and $0.055 per unit respectively, with attached warrants exercisable at $0.10.
• An amendment to an existing related‑party loan extends its maturity to 30 Oct 2025; the loan is interest‑free and will be repaid through future equity financings.

Key Details

• Drill Program Scope: 6 DDHs, ~3,000 m total depth; targets defined by 3‑D IP survey and historic drilling.
• Key Target Sections:
• Section‑A (507780E) – two holes: ~500 m to 410 m VS and ~600 m to 490 m VS.
• Section 507600E – one hole 500–550 m targeting downdip extensions of south and north zones.
• Additional sections (AZ‑3a/b, AZ‑1a/e, etc.) with planned holes ranging from 500 m to 600 m, depths between 190 m and 490 m VS.
• Equity Offering:
• Flow‑through units (FT) at $0.06 each = 1 common share + ½ warrant; warrants exercisable at $0.10 for 12 months.
• Non‑flow‑through units (NFT) at $0.055 each = 1 common share + ½ warrant; same exercise terms.
• Gross proceeds target: up to $3 million; insiders expected to subscribe ≥20 %.
• Use of Proceeds: >50 % for the 2025 fall drilling program, remainder for loan repayment and general working capital (including accrued invoices to a non‑arm’s‑length party).
• Finders’ Fees: Up to 7 % of gross proceeds may be paid. No funds allocated to investor‑relations service providers.
• Related‑Party Loan Amendment:
• Original loan dated 2 Jan 2025; maturity extended to 30 Oct 2025.
• Non‑interest, non‑cost financing; repayment planned via future equity raises.
• Video Presentation: Scheduled for Tue 30 Sept 2025, 14:00 EDT (Renmark Financial Communications) to discuss drill program and IP survey integration.
• Qualified Person: Walter Hanych, P.Geo., consultant & head geologist (NI 43‑101).

Notable Quotes

“The company remains focused on completing fundamental work that will continue to demonstrate the potential of significantly expanding the mineral resource of the Lingman Lake property.” – J. Dan Denbow, CFA, President, CEO & Director.