Adyton Resources drills 53 m of 1.6 g/t AuEq at Feni

Executive Summary

• Adyton Resources Corp. released final assay results for drill hole FDD017 at its 100%-owned Feni Island gold-copper project in Papua New Guinea, confirming robust gold-copper-silver mineralization in the northeastern extension target at Kabang.
• The hole returned a 164m interval at 0.82 g/t AuEq, including a 53m high-grade interval at 1.60 g/t AuEq, with significant silver and molybdenum values supporting an evolving epithermal-porphyry system model.
• The company outlined near-term exploration catalysts, including pending assays from multiple nearby holes, upcoming geophysics surveys, and JV partner EVIH's progress toward restarting the Wapolu Au mine in Q4 2026.

Key Details

• Drill Hole FDD017 Intercepts:
• 53 m at 1.29 g/t Au, 0.26% Cu (1.60 g/t AuEq) from 151 m
• 164 m at 0.63 g/t Au, 0.15% Cu (0.82 g/t AuEq) from 36 m
• 5 m at 3.6 g/t Au, 1.48% Cu (5.63 g/t AuEq) from 198 m
• 5 m at 22.3 g/t Ag from 198 m
• 6 m at 275 ppm Mo (peak 579 ppm) from 295 m
• Exploration & Future Catalysts:
• Pending assay results expected for holes FDD018, FDD020, FDD023, FDD025, FDD029 (NNE) and FDD019, FDD021, FDD024, FDD026, FDD028 (SSW)
• Ground-based IP/MT survey (~5km x 5km) progressing, with deployment targeted for Q2 2026
• Spectral mapping and pXRF deployment planned for Q1 2026 to generate 3D alteration models for precise vectoring toward high-grade Au-Cu cores
• Financial Position:
• $16.75 million in cash and cash equivalents, 100% earmarked for the Feni Au-Cu project and general/administrative expenses
• JV Partner Progress (Fergusson Island/Wapolu Mine):
• EVIH (50/50 JV partner) advancing the restart of the Wapolu Au mine, including purchasing and shipping long-lead items and processing plant components
• Mining licence application warden hearing scheduled for May 21, 2026
• Expected production target is Q4 2026, subject to permitting
• Adyton has zero capital expenditure requirements for Wapolu; all costs are covered by EVIH as part of the JV earn-in
• QA/QC Protocols:
• Drill core samples submitted in batches to Intertek Laboratory in Lae
• QA/QC measures include field blanks, certified reference materials (CRMs), and staged duplicates; all batches passed with acceptable tolerance limits
• Drilling predominantly utilized PQ- and HQ-diameter core, with some NQ core

Notable Quotes

• Tim Crossley, CEO: "FDD017 continues to exceed our expectations, delivering a meaningful uplift in grade with the inclusion of copper and highlighting the strength of the broader mineralized system at Feni. The increase to 1.60 g/t AuEq over 53 metres, combined with strong silver and molybdenum values, reinforces our view that Kabang represents a highly fertile and evolving epithermal-porphyry system. Importantly, this hole further confirms the scale and continuity of mineralization in the northeastern extension, which remains open and continues to grow beyond the current resource footprint."