1911 Gold files NI 43-101 tech report for True North

Executive Summary

• 1911 Gold Corp. filed a NI 43-101 Preliminary Economic Assessment (PEA) for its 100%-owned True North gold project in southeastern Manitoba, Canada.
• The PEA outlines a base-case restart strategy leveraging existing, fully built and permitted infrastructure, projecting an initial steady-state production of 58,114 ounces per annum over an 11-year mine life.
• The project demonstrates strong economics with a low capital requirement, an infrastructure replacement value exceeding $400 million, and a high profitability index of 6.6 at a $3,000/oz gold price.

Key Details

• Report Details: NI 43-101 PEA technical report prepared by AMC Mining Consultants (Canada) Ltd., with an effective date of February 10, 2026, and a report date of March 27, 2026. Filed on SEDAR+ and available on the company website.
• Infrastructure: Utilizes fully built and permitted infrastructure, including shafts, underground workings, processing plant, and tailings management facility.
• Infrastructure Valuation: Estimated replacement value exceeds $400 million USD, contributing to low capital requirements.
• Production & Mine Life: Base-case restart strategy assumes a gold price of $3,000 USD/oz, outlining initial steady-state production of 58,114 ounces per annum with an 11-year mine life.
• Economic Metrics: High profitability index of 6.6.
• Qualified Persons: Michele Della Libera, PGeo (Vice-President of Exploration) and Seok Joon Kim, PEng (Chief Engineer) reviewed and approved the scientific and technical information.
• Development Strategy: Company is positioning to restart operations in 2027, aiming to build a district-scale mining operation around a central, readily expandable infrastructure complex to support long-term production and exploration upside.
• Land Package: Controls approximately 62,000 hectares in the Archean Rice Lake greenstone belt, containing numerous past-producing gold operations within trucking distance of the True North mine and mill complex.
• Community & Stakeholders: Project is located within and among the Hollow Water First Nation and Black River First Nation; company commits to maintaining open, cooperative, and respectful communications with local communities and stakeholders.