Eskay Receives High-Grade Gold Results from the Final Batch of Surface Samples from its 2025 Exploration Campaign at its 100% Controlled Consolidated Eskay Project, Golden Triangle, BC

The November 7, 2025 news release reports the final batch of high-grade gold results from the 2025 surface sampling program at the Consolidated Eskay Project. Key highlights from rock chip samples include bonanza grades of 297 g/t Au, 217 g/t Au, and 106 g/t Au. Channel sampling also returned very high grades over narrow widths, including 0.4 meters of 165 g/t Au (within a broader 1.55-meter interval of 45.5 g/t Au) and 0.25 meters of 46.6 g/t Au. The company notes these results, combined with previous findings, help explain a large-scale stream sediment anomaly. Technical advisor Quinton Hennigh states the company sees a path to inaugural drilling of these high-grade veins in 2026.

The news is materially positive as it strongly confirms and expands upon the high-grade, vein-hosted gold-silver system first announced in September 2025. The grades reported in this final batch are exceptionally high, lending significant credibility to the exploration target.

Reviewing the historical news flow, the company has methodically executed its 2025 exploration plan. - February-June 2025: The company outlined its plan to focus on the C10-Vermillion-TM trend based on promising 2024 prospecting, with the goal of advancing targets to drill-readiness. - July-August 2025: Field work commenced, visual encouragement was reported, and the company successfully raised $1.26 million in a flow-through financing at $0.56 per unit to fund the program. This was less than the $2 million originally announced, representing a slight miss, but provided sufficient capital. - September 2025: The first batch of assays confirmed the high-grade nature of the system, with rock chips up to 246 g/t Au. - November 2025 (Current News): This final batch of assays not only corroborates the September results but reports even higher grades (up to 297 g/t Au).

The cumulative results from the 2025 program have successfully delineated a compelling, high-grade target for a 2026 drill program. However, the market has not sustained the initial excitement from mid-year, with the stock price falling from a high of $0.54 to $0.23. This indicates that while the surface results are impressive, investors are now waiting for drill results to prove the width, continuity, and economic potential of these veins at depth. The current news reinforces the target's quality but does not remove the fundamental risk associated with drilling. Therefore, while materially positive, it is not a game-changer until backed by drill core.

Eskay Mining Corp. is a junior exploration company focused on its 100% controlled Consolidated Eskay Project in the Golden Triangle of British Columbia. For several years, the company's primary goal was the discovery of a VMS system analogous to the historic Eskay Creek Mine ("Eskay II"). While that remains a target, the focus has shifted significantly following the 2024 and 2025 discovery and expansion of a high-grade, epithermal vein-hosted gold-silver system along the C10-Vermillion-Ted Morris (TM) trend.