Abitibi Metals begins phase 4 drilling at B26

Executive Summary

• Abitibi Metals Corp. has initiated Phase 4 of its drill program at the B26 polymetallic project in Quebec, targeting up to 40,000 metres of drilling throughout 2026.
• The program is the largest in the company's history and is structured around three core objectives: resource improvement, resource expansion, and regional discovery drilling.
• Initial winter drilling will begin with one rig and scale to three rigs by mid-February 2026, supported by funding secured through 2027.

Key Details

• Program Scale & Timeline: Up to 40,000 metres planned for 2026; initial winter component targets 15,000–20,000 metres.
• Rig Deployment: Commences with one drill rig, expanding to three rigs by mid-February 2026.
• Ownership & Option Structure: Company holds 50% interest in the B26 deposit with an option to earn an additional 30% from SOQUEM Inc. (subsidiary of Investissement Quebec).
• Funding: Capital secured through 2027 to support scaled-up exploration and development activities.
• Resource Improvement Drilling: Focuses on enhancing geological confidence and grade continuity within the existing resource envelope; specifically targeting the expansion of high-grade zone 269W5 (17.91% CuEq over 6.3m, released Nov 20, 2025) downdip along the western plunge.
• Resource Expansion Drilling: Mid-level and deep drilling to test lateral and downdip extensions of known Cu-Au and Zn-Ag mineralization; follows up on high-grade intercept 373W1 (3.93% CuEq over 11.0m, released Oct 30, 2025).
• Regional Exploration Drilling: First-ever regional program targeting district-scale discoveries beyond the B26 deposit; initial 3,000–4,000 metres planned with rapid scalability based on results.
• Current Resource Base (B26 Project):
• Indicated: 11.3M tonnes at 2.13% CuEq (1.23% Cu, 1.27% Zn, 0.46 g/t Au, 31.9 g/t Ag)
• Inferred: 7.2M tonnes at 2.21% CuEq (1.56% Cu, 0.17% Zn, 0.87 g/t Au, 7.4 g/t Ag)
• Project Location & Infrastructure: Situated 5 km north of the formerly producing Selbaie mine, providing immediate access to existing mine development infrastructure.
• Qualified Person: Louis Gariepy, PEng (OIQ No. 107538), VP of Exploration, reviewed and approved all technical information per NI 43-101.

Notable Quotes

• "Phase 4 is a major catalyst for resource growth at B26," said Jonathon Deluce, chief executive officer of Abitibi Metals. "Building on strong phase 3 results, this expanded program targets resource expansion, improved quality and new regional discoveries. With funding secured through 2027, we are positioned to move and quickly scale-up to create significant shareholder value."