Boreal Gold samples 9.7 g/t Au at Fay Lake

Executive Summary

• Boreal Gold Inc. reports encouraging gold assay results from trench No. 6 on the Fay Lake property, including high-grade samples up to 9.7 g/t Au, and announces a new gold discovery on the eastern extension of the Sunrise grid with assays exceeding 3.0 g/t Au.
• The company outlines its exploration strategy for the North Star/Gold Rock property, which was optioned from Voyageur Mineral Explorers Corp., focusing on infill and down-plunge drilling to expand the Gold Rock vein and define a resource estimate.
• Planned activities include grid refurbishing, geological mapping, and sampling in the spring and summer of 2026, with the ultimate goal of completing a NI 43-101 technical report and advancing toward a prefeasibility study.

Key Details

• Koscielny Lake Results (Trench No. 6):
  • Nine samples collected from a 1.5-to-2-metre-wide quartz vein on an island.
  • Six of nine samples returned assays over 1.0 g/t Au.
  • Notable high-grade intercepts: Sample 298802 assayed 5.7 g/t Au; Sample 298804 assayed 9.7 g/t Au.
  • Screen metallic analysis was used due to the presence of coarse gold.
  • Historical context: Previous work by A.L. Parres (1950) intersected mineralized quartz with values up to 11.81 g/t Au over one metre.
• Fay Lake New Discovery:
  • Two quartz vein samples (27497 and 27498) collected near the eastern shore of Fay Lake.
  • Both samples returned gold assays greater than 3,000 ppm (3.0 g/t Au) via fire assay.
  • Samples contain vuggy pyrite; screen metallic analysis is pending to capture coarse gold.
  • Location is proximal to an undrilled airborne electromagnetic conductor with a coincident magnetic anomaly.
• North Star/Gold Rock Property Context:
  • Property optioned from Voyageur Mineral Explorers Corp. (April 17, 2025).
  • Historical investment: Over $9 million spent since 2003.
  • Historical drilling: 135 holes at North Star and 143 holes at Gold Rock.
  • Historical metallurgy: Lakefield testing established 85% gold recovery by gravity alone.
  • Historical grades: Average grade from blast holes and trench faces was over 0.35 oz/t Au (Foran Mining, 2003).
  • Underground samples from 2004 muck pile averaged 0.29 oz/t Au (north sill) and 0.27 oz/t Au (south sill).
• Planned Program (Spring/Summer 2026):
  • Grid Refurbishing: Completing line cutting from Line 46N to Line 59N (Baseline 46E to Tie Line 59E); remaining lines to be completed in spring/summer 2026.
  • Mapping & Sampling: Remapping grids from 59+50N south to 46N, emphasizing the section between North Star and Gold Rock deposits.
  • Drilling: Selective infill and down-plunge drilling on the Gold Rock vein planned to expand the vein along strike and at depth.
  • Objective: Complete a resource estimate and NI 43-101 compliant technical report to warrant a prefeasibility study.
• Qualified Person: Stephen L. Masson, MSc, PGeo, reviewed and approved the technical disclosure.