Beauce Gold Fields Increases Exploration Target for the Saint-Simon-les-Mines Paleoplacer Channel

Executive Summary

• Beauce Gold Fields announced an updated technical assessment and significantly increased Exploration Target for the Saint-Simon-les-Mines Paleoplacer Channel in southern Québec.
• The revised target ranges from 4.00 to 5.99 million cubic metres grading 2.02 to 12.0 g Au/m³, representing a substantial increase in both volume and grade compared to the previously announced September 2025 target.
• The update incorporates expanded paleochannel interpretations, additional saprolite-hosted gold, and improved geological modeling of the Gilbert River paleovalley, strengthening the link to nearby Saddle Reef-style bedrock gold discoveries.

Key Details

• Updated Exploration Target (June 2026): 4,004,674 to 5,991,229 cubic metres
• Updated Grade Range: 2.02 g Au/m³ to 12.0 g Au/m³
• Previous Target (September 2025): 3.86 million m³ grading 0.81–4.9 g Au/m³
• Geological Basis: Expansion of interpreted paleochannel and deltaic deposits; inclusion of additional saprolite-hosted gold-bearing material; recognition of natural gold traps within the Beauceville Formation; improved paleovalley geometry reconstruction; integration of historical drilling databases spanning over six decades.
• Mineralization Characteristics: Gold concentrated in basal gravel horizons, saprolitic bedrock, and fractured bedrock traps along the paleovalley floor; historical records consistently indicate the presence of coarse gold and nuggets throughout the system.
• Qualified Person: Jean Bernard, P.Geo. (independent)
• Resource Status: Exploration Target is conceptual in nature; insufficient exploration to define a mineral resource, and uncertainty remains regarding whether further exploration will delineate one.
• Strategic Context: The updated interpretation strengthens the geological connection between the paleoplacer deposits and the Company's Saddle Reef-style bedrock gold discoveries located immediately north of the channel.

Notable Quotes

• Patrick Levasseur, President and CEO: “The June 2026 technical review significantly enhances our understanding of the Saint-Simon-les-Mines paleoplacer system. The increase in both volume and grade potential supports our view that the Gilbert River paleovalley remains one of the most compelling placer gold exploration opportunities in eastern North America. The new interpretation also strengthens the connection between the paleoplacer deposits and the Company's Saddle Reef-style bedrock gold discoveries located immediately north of the channel."