ExGen Resources Announces Results of Exploration on the Southmore Project in the Golden Triangle

Executive Summary

• ExGen Resources released results from its 2025 exploration program on the Southmore Property, highlighting a high‑grade surface sample of 32.9 g/t Au and notable copper grades.
• Geophysical work (SkyTEM magnetic/electromagnetic survey and 2025 DC‑Resistivity & Induced Polarization survey) identified a large deep chargeability anomaly that may represent an extensive skarn or porphyry system.
• The company recommends extending the DCIP survey to better define the high‑priority anomaly and is positioning Southmore for future drilling and joint‑venture partnerships.

Key Details

• Surface Sampling: 2025 chip sample returned 32.9 g/t Au; accompanying copper grade of 1.26 % over 1 m (and 0.93 % Cu over 2 m). A second grab sample 475 m west assayed 21.6 g/t Au.
• Historical Context: Horizon skarn historic channel sample (2004) reported 18.7 g/t Au and 0.52 % Cu over 3 m. 2005 drill program missed the shallow chargeability anomaly but intersected a deeper target.
• Geophysical Surveys:
• 2021 SkyTEM airborne magnetic & EM survey covered western two‑thirds of the property.
• October 2025 – Dias Geophysics conducted a 3D DC‑Resistivity & Induced Polarization (DCIP) survey over a high‑conductivity anomaly adjacent to a high magnetic susceptibility zone.
• Anomaly Characteristics: The DCIP survey delineated a large, high chargeability and conductivity, low resistivity anomaly that appears to “bleed” toward the surface near the historic Horizon skarn zone.
• Interpretation: Presence of gold‑copper‑bismuth‑tellurium mineralization suggests a telescoping porphyry system with distal skarn/epithermal components; the deep anomaly is broader and may host a larger skarn or porphyry body.
• Recommendations: Extend the 3D DC‑Resistivity & IP survey to further define the high‑priority chargeability, conductivity, and resistivity anomaly relative to the Horizon zone for future drilling targets.
• Property Context: Southmore is surrounded by major deposits (Eskay Creek, Galore Creek, Shaft Creek) and lies within 8 km of the Galore Creek access road and 32 km of the Northwest Transmission Line at Bob Quinn.
• Acquisition History: ExGen acquired all securities of MTB Metals (owner of Southmore) on 19 Dec 2025 via a court‑approved plan of arrangement under BC’s Business Corporations Act.
• Qualified Person: Andrew Wilkins, P.Geo., Project Geologist and Responsible Officer for Lithos Geological, signed off the technical information per NI 43‑101.

Notable Quotes

(No direct CEO/President quotes were included in the release.)