Finex obtains Kero licence near Finnish gold camps

Executive Summary

• Finex Metals Ltd. has been granted the Kero mineral exploration licence by the Finnish Mining Authority (TUKES) for its 100%-owned Kero gold project in northern Finland.
• The project is strategically located in the Central Lapland greenstone belt, approximately 15 km southeast of Agnico Eagle’s Kittila gold mine and 20 km northwest of Rupert Resources’ Ikkari discovery.
• Historical work by the Geological Survey of Finland (GTK) has identified significant gold intercepts and high-grade surface targets, with the company planning a phased exploration program and initial diamond drilling in the second half of 2026.

Key Details

• License Details: The Kero exploration licence provides Finex with the right to advance the project; it is 100%-owned and royalty-free.
• Location: Central Lapland greenstone belt (CLGB), northern Finland.
• Historical Drilling Intercepts (GTK):
  • Best intercept: 9.05 metres grading 1.95 grams per tonne Au (including 1.05 m grading 12.6 g/t Au).
  • Additional intercept: 2.3 g/t Au over 3.3 m.
  • Multi-element intercept: 1.1 g/t Au plus 1.34 g/t Pd plus 0.37 g/t Pt over one metre.
• Historical Channel Sampling:
  • Best interval: 6.2 metres grading 7.5 g/t Au.
  • Includes one metre grading 16.4 g/t Au.
  • Includes one metre grading 25.6 g/t Au.
• Geological Context:
  • Gold-bearing trends extend for more than one km along strike.
  • Mineralization is associated with shear/fault zones, hydrothermal alteration (carbonate, sericite, chlorite, albite), and iron-formation host rocks.
  • Host rocks are comparable to those at the Kittila mine; structural setting shows similarities to Ikkari.
• Exploration Potential:
  • Historical drilling tested very shallow depths (average hole depth of 80 m).
  • Gold mineralization remains open along strike and at depth.
  • Pathfinder elements include arsenic, bismuth, and tellurium.
• Next Steps:
  • Finex is compiling and verifying historical GTK data sets.
  • Plans to outline a 2026 phased exploration program including target prioritization.
  • Initial diamond drill program scheduled for the second half of 2026.
  • Focus areas include reinterpretation of geophysical/structural data, systematic till/bedrock sampling, and drilling of high-grade surface targets and deep conductive zones.

Notable Quotes

• "The Kero licence grant is an important step as we continue building a strategic portfolio of 100-per-cent-owned, royalty-free gold projects in northern Finland. Kero adds an additional highly prospective gold system in the Central Lapland greenstone belt, with gold mineralization confirmed in drilling and channel sampling. Our priority is reinterpretation, target ranking and a disciplined, phased exploration program to unlock the project's potential." — Tero Kosonen, President and CEO