Clarity Metals Completes 2026 Drill Program at Fecteau Gold Project

Executive Summary of Latest Release

• Clarity Metals Corp. announced the completion of its 2026 diamond drilling program at the Fecteau Gold Project in Quebec on May 13, 2026.
• The program consisted of 17 holes totaling 3,015 meters across five distinct target areas.
• Assay results are currently pending and will be released upon receipt from the laboratory.
• Core logging and sampling are nearing completion; samples have been dispatched to the lab.

Evaluation of News Impact

• Current Status: The news confirms the execution of the exploration plan announced in late 2025/early 2026. It validates management's ability to mobilize and complete drilling within the budgeted timeframe.
• Materiality Level: Routine - Positive. While completion is a positive operational milestone, it does not alter the fundamental valuation thesis until assay results are released. The market has already priced in the expectation of this program following the financing and contractor announcements earlier in 2026.
• Expectations vs. Reality: The program scope (3,015m completed) is slightly below the initial ~3,650m plan mentioned in March mobilization news, though the May release notes "optional expansion based on early results" was part of the original design. This suggests a conservative completion or potential for follow-up holes pending assay feedback.
• Risk Factor: The absence of immediate assay data means there is no confirmation of mineralization continuity or grade enhancement. Without grades, this remains an operational update rather than a value-accretive event.

Corporate Profile

• Company: Clarity Metals Corp.
• Project: Fecteau Gold Project.
• Location: Abitibi region, Quebec (Abitibi Greenstone Belt).
• Property Scale: Approximately 5,247.47 hectares (approx. 14,000 acres).
• Ownership: 100% owned by Clarity Metals Corp.