Orecap Consolidates Ownership at McGarry Project

Executive Summary

• Orecap Invest Corp. completed the acquisition of the remaining 25 % interest in the McGarry Project, bringing its ownership to 100 % (subject to TSXV approval).
• The transaction was paid for with $50,000 cash and $50,000 worth of Orecap shares calculated on a VWAP basis.
• McGarry now comprises 681 ha, 46 patented claims and 5 mining licences, hosting a historical NI 43‑101 indicated resource of 447,000 oz Au at 8.57 g/t and an inferred resource of 157,000 oz Au at 5.83 g/t, plus historic Kerr Addison tailings with potential residual gold.

Key Details

• Transaction Structure: $50,000 cash + $50,000 Orecap shares (VWAP‑based) for the remaining 25 % stake.
• Ownership Post‑Closing: 100 % of McGarry tenure (46 patented claims, 5 licences), subject to existing royalties.
• Resource Summary (historical):
• Indicated: 447,000 oz Au @ 8.57 g/t (123 kt).
• Inferred: 157,000 oz Au @ 5.83 g/t (30 kt).
• Land Package: 681 ha covering 2.4 km of the Cadillac‑Larder Lake Break (CLLB).
• Infrastructure: Existing underground shaft to 2,290 ft depth, hoist and surface facilities from prior production (last active 2013).
• Historical Intercepts (selected):
• Hole 22‑111A (Section 600W) – 1.90 ft @ 23.35 g/t Au; 8.00 ft @ 6.55 g/t Au.
• Hole 22‑96 (Section 400W) – 9.60 ft @ 10.42 g/t Au; 5.40 ft @ 10.83 g/t Au; 8.90 ft @ 6.24 g/t Au.
• Hole 22‑107C (Section 1000W) – 10.00 ft @ 7.68 g/t Au.
• Adjacent Projects: Borders Gold Candle’s Kerr Addison project and Agnico Eagle’s Upper Beaver project, both multi‑million‑ounce gold deposits.
• Tailings Potential: Historic Kerr Addison tailings (≈73 ha) lie within McGarry limits; Orecap will evaluate residual gold content under Ontario’s simplified permitting regime.
• Regulatory: Transaction pending TSXV approval.

Notable Quotes

• “The consolidation of 100 % ownership of McGarry positions us to leverage existing infrastructure and historic resources, creating a compelling platform for accelerated development within a world‑class mining corridor.” – Stephen Stewart, Chief Executive Officer, Orecap Invest Corp.