Scottie Resources Hits 23.1 g/t Gold over 7.00 m and 20.6 g/t Gold over 5.60 m Reinforcing High-Grade at Blueberry Contact Zone

Scottie Resources Corp. (SCOT) has released the third batch of 2026 assay results from the Blueberry Contact Zone at its Scottie Gold Mine Project in BC’s Golden Triangle. The 2026 drilling programme is now complete, totaling 61,578 m in 227 holes, marking the largest programme in the company’s history. More than 85% of the 2026 assay results remain pending.

An updated Mineral Resource Estimate (MRE) and Feasibility Study are targeted for the first half of 2027, incorporating approximately 90,000 m of drilling conducted since the May 2025 MRE.

Key reported intercepts, all as core length and uncut, include:

• SR26-526: 7.00 m at 23.1 g/t Au from 98.00 m, including 2.10 m at 72.9 g/t and 1.00 m at 138 g/t, in Blueberry 3; plus 6.00 m at 23.1 g/t from 117.00 m, including 3.00 m at 38.3 g/t, in Blueberry 5; plus 2.25 m at 16.6 g/t in Fifi 2.
• SR26-532: 5.75 m at 12.4 g/t from 84.80 m in Blueberry 3, including 1.00 m at 58.0 g/t; plus 5.60 m at 20.6 g/t from 361.50 m in Fifi 2, including 3.30 m at 33.5 g/t and 1.00 m at 73.2 g/t.
• SR26-497: 2.00 m at 57.6 g/t from 163.00 m in Fifi 2, including 1.00 m at 113.0 g/t.
• SR26-503: 1.60 m at 83.8 g/t from 77.50 m in Road 1.
• SR26-491: 3.10 m at 17.2 g/t from 11.20 m, including 1.10 m at 45.1 g/t, interpreted as a new near-surface vein within the proposed PEA pit shell; plus 3.20 m at 19.6 g/t in Blueberry 3.

Other lower-grade or narrower intervals include SR26-507 at 4.65 m at 5.0 g/t, SR26-511 at 7.40 m at 2.8 g/t, SR26-528 at 4.00 m at 3.9 g/t, SR26-524 at 3.00 m at 2.5 g/t, and SR26-544 at 3.00 m at 1.0 g/t.

The release states that core angles are 60–90 degrees to the core axis, except for SR26-503, implying 80–100% true thickness for most intervals. True width has not yet been established by drilling. No cutoff grade is disclosed.

Scottie Resources Corp. (SCOT) released drill results from its Blueberry, Fifi, and Road vein systems, adding confidence to the deposit’s continuity and identifying a possible new near-surface vein within the pit area defined in its preliminary economic assessment (PEA). The company, which operates as an advanced explorer and pre-developer, holds a 703,000 oz inferred resource at 6.1 g/t. While Scottie is not yet a producer, it has completed a PEA, has permitting work underway, and targets a feasibility study for the first half of 2027.

The latest drilling confirms high grades at depth in the Fifi zone and validates the Road vein as real optionality, though it is not yet a defined resource. The best intercept from the 28 October release, measured in grade-metre (g*m), was slightly better than the batch released on 14 October but did not surpass the 18 m at 9.7 g/t reported on 9 September. The results are comparable to the September and October 2026 findings and fall below the headline holes from February 2025 and 2026. The release does not include a new resource estimate, maiden resource, reserve, feasibility study, or a major new discovery that would fundamentally alter the scale of the system.

Scottie’s stock has re-rated materially from C$1.50 in November 2025 to C$3.20 in September 2026, before pulling back to trade at C$2.36. This price level reflects market pricing for high-grade continuity at Blueberry and the development story, placing the equity well above its 2025 base but not at the highs of the recent peak. The current drilling supports the investment thesis through credible, in-line results that aid resource growth and mine-plan flexibility, but the delta versus the recent price anchor is modestly positive rather than transformational.

Scottie Resources Corp. (TSXV: SCOT) is a gold explorer and developer focused on the Stewart Mining Camp in British Columbia’s Golden Triangle. The company controls approximately 58,500 hectares, including the 100% owned Scottie Gold Mine Property, the adjacent Blueberry Contact Zone, and the Georgia Project, Cambria, Sulu, and Tide North.

In May 2025, Scottie announced a mineral resource estimate (MRE) of 3.6 million tonnes at 6.1 g/t Au for 703,000 oz inferred. This is an inferred resource, not a reserve, and does not include about 27,000 m of 2025 drilling or more than 60,000 m of 2026 drilling.

A preliminary economic assessment (PEA) outlined a DSO/ore-sorting scenario with an after-tax NPV(5%) of C$215.8–C$668.3 million at US$2,600–US$4,200/oz. This scenario features an initial capex of C$128.6 million, average production of about 65,400 oz/y over seven years, and a 1.7-year payback. A toll-milling scenario yields C$380–C$832 million NPV, but no toll-milling agreement is in place.

At 31 May 2026, the company had C$34.1 million cash, C$28.5 million working capital, and no revenue. It subsequently raised C$23.8 million gross in October 2026. Strategic holders include Ocean Partners, with an offtake and construction/overrun facility, and Franco-Nevada, which holds a 2% gross production royalty.