Germanium Mining Corp. Strategically Expands Lac Du Km 35 Germanium Property In Quebec

Executive Summary

• Germanium Mining Corp. expanded its 100 % optioned Lac du Km 35 Germanium property by acquiring four additional mineral claims, increasing the total area to 4,371.28 ha (79 claims).
• The company executed a second amendment to its Mineral Property Option and Purchase Agreement, issuing 200,000 units (each unit = 1 common share + 1 warrant at $0.60 exercise price) to the vendor, subject to regulatory approvals and a four‑month plus one day hold period.
• Recent 2024 field work on the property generated outcrop samples with notable base‑metal grades (e.g., up to 0.27 % Ni, 0.04 % Co, 0.24 % Cu) and gold (0.21 g/t), while Germanium assays were deemed unreliable.

Key Details

• Property Expansion:
• Added four mineral claims covering >221 ha.
• Total footprint now 79 claims, 4,371.28 ha (43.7 km²).
• Geological Setting:
• Located ~40 km east of Chibougamau, QC, within the Abitibi greenstone belt.
• Features include the Faribault shear zone, Lac Dore intrusive suite, Duberger felsic pluton, and proximity to Grenville Front.
• Historical Germanium Showing:
• Discovered 1998; historic assay of 0.02 % Ge (186 ppm) – not verified as a resource.
• 2024 Exploration Results:
• 39 outcrop samples collected.
• Highest grades: 0.27 % Ni, 0.04 % Co, 0‑0.24 % Cu, 0.21 g/t Au; Zn up to 0.07 %.
• Germanium values excluded due to digestion method limitations.
• Amended Agreement – Units Issuance:
• Vendor receives 200,000 units (each = 1 common share + 1 warrant).
• Warrant exercise price: $0.60 per share; exercisable for 24 months from issuance.
• Units issued only after work acknowledgment by Quebec’s Ministry of Natural Resources.
• Subject to securities law compliance, CSE policies, and a hold period of four months plus one day.
• Azure Ridge Update:
• Completed brief field reconnaissance; preliminary geological observations only—no economic conclusions drawn.
• Qualified Person: Benoit Moreau, P.Eng., VP Exploration, signed off on technical information per NI 43‑101.

Notable Quotes

“The expansion of the 100 % optioned Lac du Km 35 Germanium property reflects the Company’s efforts to consolidate its land position in areas of geological interest. We believe this strategically expanded footprint provides a broader platform for future exploration and evaluation.” – Mario Pezzente, CEO & Director.