Naughty Ventures stakes land beside new gold discovery

Executive Summary

• Naughty Ventures Corp. has acquired a strategic 5,300-hectare land package known as the Lynxstrike gold project, located directly adjacent to Trident Resources Corp.'s high-grade Contact Lake gold discovery in Saskatchewan's La Ronge gold belt.
• The acquisition positions Naughty Ventures to capitalize on the geological potential revealed by Trident's recent drill results, specifically hole CL25-003, which reported 7.03 g/t Au over 43.25m, fundamentally changing the exploration outlook for the historically decommissioned Contact Lake mine area.
• The Lynxstrike project features historic gold showings, including the Studer B showing, and benefits from direct highway access connecting it to Trident's property, offering shareholders exposure to a potentially transformative new gold district.

Key Details

• Acquisition Asset: Lynxstrike gold project, consisting of a 5,300-hectare land package.
• Location: Directly adjoining Trident Resources Corp.'s Contact Lake discovery in the La Ronge gold belt, Saskatchewan.
• Strategic Context: The land sits within the area of the former Cameco Contact Lake gold mine (decommissioned in 1998). Trident's new intercepts suggest untapped expansion potential in an area previously believed to be exhausted.
• Trident Resources Reference Data:
  • Key Drill Result: Hole CL25-003 reported 7.03 grams per tonne Au over 43.25 metres, including 30.06 g/t Au over 9.25 metres.
  • Updated Resource Base: Following the CL25-003 announcement, Trident upgraded its resource base across four deposits to 896,500 indicated Au ounces and 1,129,600 inferred Au ounces.
  • Note: The Contact Lake intercept is not yet included in Trident's updated mineral resource estimates.
• Lynxstrike Project Highlights:
  • Historic Studer B gold showing with a grab sample of 0.087 oz/t Au.
  • Underexplored land position with geology similar to the Contact Lake discovery zone.
  • Highway access providing connectivity between Trident's property and Naughty Ventures' claims.
• Technical Review: Technical content reviewed and approved by Alex Bugden, PGeo, an independent consulting geologist and Qualified Person under National Instrument 43-101.

Notable Quotes

• Blair Naughty, CEO of Naughty Ventures: "We have been closely monitoring the rapid progress at Contact Lake, and hole CL25-003 immediately stood out as a transformational intercept. Learning that this new discovery occurred within the historic Contact Lake mine area -- previously believed to be exhausted -- changes the exploration landscape in the area. We moved quickly to secure a directly adjoining land position with similar geology, historic gold occurrences and excellent road access. Our shareholders now have direct exposure to what may be becoming one of the most compelling new gold districts in Canada."