Aben receives Class 1 approval for Yukon exploration

Executive Summary

• Aben Gold Corp. has received Class 1 quartz approval from the Liard First Nations, Ross River Dena Council, and the Government of the Yukon, permitting exploration and diamond drilling activities at its Justin Gold Project for the summer of 2026.
• The approval facilitates a planned field program including grid soil sampling, rock sampling, geological mapping, and diamond drilling targeting the Lost Ace and POW zones.
• This approval is distinct from the pending Class 3 quartz program application submitted in June 2023, which remains under consultation.

Key Details

• Approval Scope: Class 1 quartz approval allows for exploration and diamond drilling in 2026.
• Regulatory Bodies: Approval granted by Liard First Nations, Ross River Dena Council, and the Government of the Yukon.
• Pending Applications: The company’s Class 3 quartz program application, submitted in June 2023, remains under consultation and is not affected by this Class 1 approval.
• Planned Activities:
  • Grid soil sampling.
  • Rock sampling.
  • Geological mapping.
  • Diamond drilling (planned to commence immediately after a phase 1 ground program).
• Target Zones: Primary targets for drilling are the Lost Ace and POW target zones.
• Project Location: Justin Gold Project, 7,400 hectares, 100% owned, located in the southeast Yukon within the Tintina gold belt, adjacent to Seabridge Gold's 3 Aces project.
• Historical Context & Data:
  • POW Zone (2011 Drilling): Hole JN11009 returned 1.25 g/t Au over 60.0m (including 2.47 g/t Au over 21.0m); Hole JN11010 returned 2.52 g/t Au and 29.53 g/t Ag over 12.0m.
  • POW/Lost Ace Area (2017): 3.8-kg bulk sample yielded 1,135 gold grains, 1,049 of which were pristine, suggesting proximity to lode source.
  • Lost Ace Zone (2018 Trenching): Returned 20.8 g/t Au over 4.4m (including 88.2 g/t Au over 1.0m).
  • Drilling History: Total of 4,972 metres drilled across 21 holes to date.
  • Recent Geophysics: 2024 QMAGT airborne survey identified coincident geophysical and geochemical anomalies in underexplored areas between POW and Lost Ace zones.
• Company Status: 23.2 million shares outstanding.

Notable Quotes

• Riley Trimble, President and CEO: "We are incredibly excited to be able to explore and develop the Justin gold project. We would like to extend our gratitude to Liard First Nation and the Ross River Dena Council for their approval and look forward to working closely with them in the 2026 exploration season."