Fuerte begins 40,000 m drilling program at Coffee

Executive Summary

• Fuerte Metals Corp. has commenced a 40,000-metre drilling program at its Coffee gold project in Canada's Yukon.
• The initial phase focuses on infill drilling at the Supremo Extension zone to convert inferred resources to indicated status for the upcoming feasibility study, scheduled for completion in late 2026.
• The company aims to reach a construction decision in early 2027, with the project currently hosting 3.0 million ounces of measured and indicated gold resources.

Key Details

• Drilling Program Scope: Total of 40,000 metres planned.
• Initial Focus: Infill drilling at the Supremo Extension zone to convert inferred resources to indicated category for inclusion in the feasibility study.
• Resource Conversion Targets:
  • Supremo Extension Indicated Resource: 2,437,000 tonnes at 1.18 g/t Au for 92,000 oz Au.
  • Supremo Extension Inferred Resource: 6,059,000 tonnes at 1.72 g/t Au for 335,000 oz Au.
  • The inferred grade (1.72 g/t) is significantly higher than the overall Coffee resource grade (1.15 g/t).
• Equipment and Schedule:
  • Started with two reverse circulation (RC) rigs for early/colder season drilling.
  • Three additional diamond drill rigs to be added in June.
  • Program expected to continue at least through September.
  • Program may be expanded based on positive intercepts.
• Future Exploration Targets: Post-resource conversion, drilling will test:
  • Latte (infill and extension)
  • Deep Supremo (oxide extensions at depth)
  • Cappuccino (early-stage target)
  • Kazaar (early-stage target)
  • Sugar (large copper-gold soil anomaly)
• Project Status:
  • Coffee project hosts 3.0 million oz of open-pit heap-leach measured and indicated resources and 800,000 oz inferred resources.
  • Feasibility study being carried out by G Mining Services, scheduled for completion in late 2026.
  • Construction decision targeted for early 2027.
  • Project is on a clear path to complete permitting.
• Qualified Persons:
  • Alan J. San Martin, PEng, and Charley Murahwi, PGeo (Micon International Ltd.) prepared the 2025 Mineral Resource Estimate.
  • Charlie Ronkos, MMSA (Executive Vice-President, Exploration) approved the technical information.

Notable Quotes

• "The Coffee project has been a transformative acquisition for Fuerte and we are rapidly advancing the project towards a construction decision in early 2027. This drilling program is an integral part of that process and is aimed at building up the measured and indicated resource base for inclusion in the feasibility study currently under way." — Tim Warman, CEO