Bullion begins survey at Langlade, appoints director

Executive Summary

• Bullion Gold Resources Corp. has launched a geochemical survey on its Langlade project, targeting gold and polymetallic mineralization in base till samples following recent discoveries.
• The company closed a private placement of 3,346,429 units at $0.07 per unit, raising gross proceeds of $234,250, and appointed Sebastien Plouffe as a new director.
• Additional corporate actions include the grant of 2 million stock options, an extension of nearly 2.9 million warrants, and a new public relations agreement with Volume Hunters Inc.

Key Details

• Geochemical Survey:
  • Launched intensive follow-up program on the Cadillac extension project (Langlade).
  • Sampling of approximately 530 basal till samples (approx. 1 kg each) on three separate grids using a systematic 50-metre grid pattern.
  • Objectives: Verify extent of gold/polymetallic mineralization near Langlade deposit and identify new targets east of the main showing.
  • Supervised by consulting geologist Suzie Tremblay; analyses performed by Agat Laboratories using aqua regia method.
  • Quality control includes duplicate field samples inserted with every 20 samples.
• Private Placement:
  • Closed issuance of 3,346,429 units.
  • Price: $0.07 per unit.
  • Gross Proceeds: $234,250.
  • Unit Composition: One ordinary share and one common share purchase warrant.
  • Warrant Terms: Entitles holder to purchase one additional common share for $0.12 per share; exercisable for 12 months from closing.
  • Use of Proceeds: General corporate purposes.
  • Hold Period: 4 months and 1 day (ending March 11, 2026).
  • Subject to TSX Venture Exchange approval.
• Director Appointment:
  • Sebastien Plouffe appointed as director.
  • Background: Finance professional with 30+ years experience; former VP/Investment Adviser at BMO Nesbitt Burns and Canaccord Genuity; CEO of Defence Therapeutics; previously involved with Vanstar Mining Resources (acquired by Iamgold).
• Stock Options:
  • Granted up to 2,000,000 incentive stock options to directors, officers, and consultants.
  • Exercise Price: $0.10 per share.
  • Term: 5 years.
• Warrant Extension:
  • Proposed extension of 2,899,285 share warrants.
  • New Expiry Date: December 23, 2026 (extended by 12 months from original Dec 23, 2025 expiry).
  • Exercise Price remains $0.10 per share.
  • Subject to TSX Venture Exchange approval.
• Public Relations Agreement:
  • Agreement with Volume Hunters Inc. (VH) for publication and distribution of public information.
  • Start Date: Around November 17, 2025.
  • Term: 12 months.
  • Fee: $100,000.
• Project Context (Langlade):
  • Located 100 km east of Senneterre, Quebec.
  • Total Area: 4,128 hectares (72 cells).
  • Historical Context: Discovered/drilled by Cominco in 1990s; mineralization extends laterally ~600m and to depth ~900m.
  • Current Hypothesis: Deposit may be in a fold hinge; unexplored NNE and NW sectors may hold significant potential.
  • Future Plans: Drilling program planned pending permits to test structural hypothesis.

Notable Quotes

• "We are excited to partner with Volume Hunters to increase our visibility over the next year across various social media platforms and to communicate our business developments to a much wider audience," said Guy Morissette, chief executive officer of Bullion Gold.