Firefox Gold completes five-hole drill program at Sarvi

Executive Summary

• Firefox Gold Corp. completed a small reconnaissance diamond drilling campaign (5 holes, 887 metres) at the Keulakko permit of its 100%-held Sarvi project in Lapland, Finland.
• The drilling targeted historical anomalous gold results from the Geological Survey of Finland (GTK) to verify host rock potential beneath glacial sediments; final assay results are pending and expected in the coming weeks.
• The company announced the resignation of board member Joe Mullin effective November 19, 2025, while continuing exploration activities at the Mustajarvi project.

Key Details

• Drilling Campaign Details:
  • Location: Keulakko permit, west end of the Sarvi project, Lapland, Finland.
  • Scope: 5 shallow diamond core holes totaling 887 metres.
  • Objective: Investigate an area where GTK drilled two holes with anomalous gold results in 2009; verify presence of Kittila suite volcanic host rocks covered by glacial sediments.
  • Historical Context (GTK Data):
    • Hole M371209R5: 1.6 metres averaging 1.1 g/t Au from 26.4 metres depth.
    • Hole M371209R8: 0.5 metre averaging 3.57 g/t Au from 69.5 metres depth.
  • Data Status: Firefox considers historical data credible but notes it has not been independently verified by the company's qualified person; final results from the new drilling will be reported in the coming weeks.
• Project Geology & Exploration History:
  • Sarvi Project: 26 square kilometres, immediately north of Rupert Resources' Area 1 (Ikkari deposit). Includes Sarvi group permits and Lehto permit.
  • Geology: Dominated by Kittila suite volcanic rocks, cut by faults/shear zones. Southern half covered by glacial sediments/swampy ground.
  • Previous Work:
    • 2022: Systematic base-of-till (BoT) sampling and magnetics; announced narrow drill intercepts of elevated gold, silver, and pathfinders (May 27, 2022).
    • 2023: Small drill program east on Sarvi permit encountered anomalous gold but copper-silver dominant mineralization (June 29, 2023).
    • Current Target: Located west of previous sampling; limited outcrop, but gossanous float samples showed gold values over 0.1 g/t.
• Corporate Updates:
  • Board Resignation: Joe Mullin resigned from the board of directors effective November 19, 2025, to pursue a new opportunity.
  • Succession: Chairman Patrick Highsmith thanked Mullin for his service; the board is considering replacement candidates and will announce changes in due course.
  • Other Operations: A large drill campaign continues through the winter at the Mustajarvi project.

Notable Quotes

• Carl Lofberg, CEO: "We are very happy to be active again at the Sarvi project, immediately adjacent to the exciting Ikkari discovery... These drill holes cut fences across the stratigraphy so that we can verify the presence of good potential host rocks, which will further focus our program at Sarvi going forward."
• Patrick Highsmith, Chairman: "We wish Joe the best in his future endeavours. He was a founding director and we have valued his key input on strategy, finance and governance... On behalf of the board of directors, I thank him for his years of service and support."