Stockworks Gold continues exploration at Pirenopolis

The most recent news release, dated December 2, 2025, announced that Stockworks Gold Inc. has commenced additional ground-based exploration activities at its 100%-owned Pirenopolis gold project in Goias, Brazil. The ongoing work includes systematic stream sediment geochemical sampling to follow up on previously identified gold anomalies (4.7 ppm and 3.9 ppm Au in sediments, 0.8 gpt Au in a float boulder). Prospecting for mineralized float and first-pass regional sampling are also underway. The company is integrating recently received high-resolution drone airborne magnetic survey data (flown October 2025) with field results to develop a geological model and identify potential drill targets. No drilling results, financings, or other material corporate developments were reported in this release.

This news is a routine operational update, confirming that Stockworks Gold is continuing its exploration program at Pirenopolis as previously announced. It demonstrates the company is executing its strategy to focus on Brazil, a shift made possible by the sale of its Cabin Lake property (a "Material - Positive" event announced October 30, 2025). The activities described – geochemical sampling, prospecting, and integration of geophysical data – are standard steps in early-stage exploration aimed at defining drill targets.

While positive in showing continued progress, this news does not present new, high-impact information such as drill results, a significant new discovery, or a substantial financing. Therefore, it is unlikely to have a material positive impact on the stock price in the short term. The market had already reacted to the strategic shift towards Pirenopolis. The focus now shifts to the delivery of tangible results from these exploration efforts.

Financially, the company's interim statements as of September 30, 2025, show a critically low cash balance of $47,306 and negative working capital of approximately -$438,675. This continued exploration work, while necessary, will further deplete their limited cash reserves. Without a significant financing event or additional cash inflow from the Cabin Lake sale milestones, the company's ability to fund a subsequent drilling program, once targets are identified, remains a major concern. The positive aspect is the continuous effort towards de-risking the project by systematically building a geological model, which is a prudent step before costly drilling.

Stockworks Gold Inc. (formerly Rover Critical Minerals Corp.) is a Canadian-based mineral exploration company primarily focused on gold. The company's strategy has recently shifted to concentrate its efforts on its Brazilian assets.

Its flagship project is the Pirenopolis Gold Project located in Goias, Brazil. The company holds a 100% interest in this project, which is subject to a 2.0% Net Smelter Royalty (NSR). Pirenopolis is in an early-stage exploration phase, with the company currently conducting ground-based geochemical sampling and integrating high-resolution airborne magnetic survey data to develop a geological model and identify drill targets. The project's appeal stems from a history of district-scale placer gold production in the 18th-19th centuries, without a significant bedrock source having been identified for the gold.

Previously, Stockworks Gold held the Cabin Lake gold property in the Northwest Territories, Canada (100% interest, subject to a 2% NSR held by Silver Range Royalty). On October 30, 2025 (news release date, effective March 18, 2025), the company announced the sale of this property to Fin Resources Ltd. for a consideration package including AUD cash, Fin Resources shares, milestone payments, and a 5% net cash flow royalty on commercial production. This sale was a strategic decision to focus resources on the Pirenopolis project.