Bullion Gold restarts drilling at Bousquet project

Executive Summary

• Olympio Metals has commenced a second drill program at Bullion Gold Resources' Bousquet Gold Project in Quebec, targeting the Paquin prospect.
• The program focuses on following up high-grade intercepts from the 2025 maiden drilling and generating reliable modern data for the top 100 metres of mineralization, which has not been systematically drilled since the 1940s.
• Olympio holds an option to acquire an 80% interest in the project for $1.25 million and $2 million in exploration spend, while Bullion retains a 20% net carried interest.

Key Details

• Drilling Focus & Objectives: Program targets the Paquin prospect to follow up high-grade results from the 2025 maiden program, test upplunge and updip positions of hole BO-25-27, and modernize data for the top 100m of mineralization.
• Program Scope: Initially comprises eight diamond holes for approximately 1,200 metres. The scope is flexible and may be extended if initial core results warrant additional investigation.
• 2025 Maiden Program High-Grade Intercepts:
• 6.40 m at 6.54 g/t Au from 183.0 m (BO-25-27)
• 7.90 m at 6.20 g/t Au from 138.0 m (BO-25-28)
• 1.50 m at 54.20 g/t Au from 235.5 m (BO-25-28)
• Project Location & Context: Located on the Cadillac Break in Quebec, a regional structure associated with over 110 million ounces of gold. Situated within 15 km of Agnico Eagle's La Ronde mine (15.8 million oz Au) and Iamgold's Westwood mine (2.4 million oz Au).
• Partnership & Option Terms: Olympio has the option to acquire an 80% interest from Bullion for a total payment of $1.25 million (cash and shares) plus a $2 million exploration investment. To date, $300,000 has been paid and nearly $1.0 million in exploration spend has been completed. Bullion retains a 20% undivided net carried interest.
• Qualified Person: Gilles Laverdiere, PGeo (Geologist and Chairman of the Board of Bullion Gold Resources).

Notable Quotes

• Sean Delaney, Managing Director, Olympio Metals: "After a highly successful maiden drill program in 2025, Olympio is excited to recommence drilling at Paquin for 2026. This program will provide further insight to the shallower parts of the Paquin gold system, where the majority of historical drill coverage is from the 1940s. These historical data sets are over 80 years old and are not reliable to incorporate into a 3-D model, with outdated survey methods and incomplete sampling intervals. Olympio looks forward to updating investors on the drilling progress over the coming weeks."