Independence Gold Files Updated National Instrument 43-101 Resource Report for the 3Ts Gold and Silver Project, BC

On January 5, 2026, Independence Gold Corp. (IGO) filed its updated NI 43-101 Technical Report for the 3Ts Gold and Silver Project in British Columbia. This follows the initial summary provided in November 2025. The core of the update is the transition of a portion of the resource into the "Indicated" category for the first time. The new estimate highlights: - Indicated Resource: 378,000 ounces (oz) Gold Equivalent (AuEq) at an average grade of 4.22 grams per tonne (g/t) AuEq. - Inferred Resource: 387,000 oz AuEq at an average grade of 4.06 g/t AuEq. - Total Resource: Approximately 765,000 oz AuEq, representing a roughly 13% increase in total ounces compared to the 2022 estimate (678,156 oz AuEq). - Economic Assumptions: The model uses aggressive metal prices of $2,400 USD/oz for gold and $30 USD/oz for silver, with high recoveries (97% Au, 94% Ag).

The impact is "Routine - Positive" rather than "Material" for several reasons: - Anticipation: The market was already briefed on these numbers in November 2024 and through drill results throughout 2025. The filing is a regulatory requirement that confirms previously stated data. - Resource Quality: While the addition of an "Indicated" category is a necessary step for future Preliminary Economic Assessments (PEA), the total ounce growth (from 678k to 765k) is modest relative to the high exploration expenditure ($4.9M in the first 9 months of 2025). - Aggressive Pricing: By utilizing $2,400 gold for the cut-off grade calculation, the company is capturing lower-grade material that might not be economic under a more conservative 3-year trailing average price (typically $1,900 - $2,100). This suggests the "growth" may be partially driven by price modeling rather than purely new mineralization. - Financing: The news follows the closing of a $3.5M financing in December 2025, which ensures the company can fund the next phase of drilling, but the share count has expanded significantly, diluting the per-ounce value for existing shareholders.

Independence Gold Corp. is a Canadian mineral exploration company focused on the 3Ts Project in the Nechako Plateau, BC. - Flagship Project: The 3Ts Project consists of 31 mineral claims covering 35,486 hectares. It is a low-sulphidation epithermal quartz-carbonate vein district. - Proximity: Located 16 km southwest of Artemis Gold’s Blackwater Mine, providing significant infrastructure advantages and regional validation. - Geology: The project hosts 19 known mineralized veins. The recent update successfully integrated the Larry, Johnny, and Ian veins into the resource model, which were previously overlooked.