Capella completes 1,946 m of drilling at Killero E

Executive Summary

• Capella Minerals Ltd. has completed its maiden diamond drill program at the Killero E gold-copper project in Northern Finland, totaling 1,946 metres across nine holes.
• This program marks the first phase of a 12,000-metre drilling commitment by partner Tumad Madencilik for 2026, aimed at evaluating the source of historic gold-copper till anomalies.
• Full assay results are expected in April, while planning continues for remaining Finland drilling and an 8,000-metre summer program in Norway.

Key Details

• Drilling Completion: 1,946 metres of diamond drilling completed in nine holes (eight completed, one abandoned) during the week of March 16, 2026.
• Project Location: Killero E gold-copper project, Central Lapland greenstone belt, northern Finland.
• Strategic Context: Part of a 12,000-metre drill commitment for 2026 by Tumad Madencilik Sanayi Ve Ticaret A.S. on Capella’s Finnish and Norwegian portfolio.
• Objective: First-pass evaluation of potential sources for the historic gold-copper base of till (BoT) geochemical anomaly defined by Anglo American PLC, associated with a northeast-trending structural corridor and east-west-trending magnetic units.
• Current Status: Drill core logging and sampling are underway at a facility in Sodankyla; samples are being dispatched to ALS Sodankyla for preparation and analysis.
• Assay Timeline: Company expects to report all assays for the drill program in April.
• Operational Update: Winter drilling window is closing shortly due to above-freezing temperatures, earlier than the projected season close of April 15.
• Upcoming Finland Drilling: Remaining 2,000m commitment for northern Finland to be distributed among:
  • Two drill-ready gold targets at Killero W.
  • Interpreted extensions to the former Saattopora gold-copper mine at Saattopora W.
  • Potential new targets from BoT sampling at Jolhikko and Seisunselka.
  • Follow-up drilling at Killero E.
• Reconnaissance Drilling: Commenced on Seisunselka and Jolhikko conceptual gold targets in northern Finland.
• Norway Program: Planning for an 8,000-metre summer (July to October) diamond drill program at the Hessjogruva copper-cobalt-zinc project in central Norway is ongoing, subject to final approval of the updated drill permit.

Notable Quotes

• "I am pleased to be announcing the completion of the first diamond drill program for 2026 which is part of our strategic partnership/JV with Tumad. Despite various operational and logistical challenges, this program has provided us with an excellent first look at the geology and mineralization styles underlying the historical BoT anomalies at Killero E." — Eric Roth, President and CEO