Finlay's Atty sees further targets identified

Executive Summary

• Finlay Minerals Ltd. reports significant expansion of known targets and the discovery of multiple new copper and gold porphyry targets during its 2025 Atty exploration program in the Toodoggone district.
• The program successfully expanded the Wrich Cu-Au porphyry target to a 1,200m x 1,200m area, identified new targets at Wrich Hill, Pyramid West, and Pyramid East, and extended the Valley chargeability target by 500 metres.
• The Atty project remains under an earn-in agreement with Freeport-McMoRan, which can earn up to an 80% interest by funding $35 million in exploration and $4.1 million in cash payments over six years.

Key Details

• Wrich Cu-Au Porphyry Target: Expanded to a 1,200-metre-by-1,200-metre area; shows strong soil anomalies in Cu, Au, Ag, Mo, Se, and Te with high induced polarization (IP) chargeability.
• Wrich Hill Au Target: Newly identified geochemical anomaly (1,200 m by 600 m) with elevated gold, bismuth, lead, tellurium, and zinc; linked to a magnetic low indicating potential low- and high-sulphidation environments.
• Pyramid Cu-Au Porphyry Targets:
  • Pyramid West: Contains a 200m x 200m Cu-Au-Mo-Te soil anomaly open to the north with a 500-metre IP chargeability high.
  • Pyramid East: Features a continuous IP chargeability high trending southeast toward an 800m x 850m Cu-Au geochemical anomaly.
• Valley Target: IP chargeability anomaly extended by 500 metres to the southeast, reaching a width of 1.5 km and length of 1.8 km.
• Kem and Attycelley Targets: Geological mapping improved prospects at the Kem Cu-Au target; recent quartz vein samples yielded up to 0.685% Cu, 0.135 g/t Au, and 99.2 g/t Ag. The area spans 1,000 m by 2,200 m with high chargeability.
• 2025 Program Activities:
  • 543 line km of airborne magnetics.
  • 152 rock samples collected.
  • 647 soil and talus samples collected.
  • 14 line km of IP surveying.
• Historical Drilling Context:
  • Wrich (2022): Hole JP22028 intersected 78 metres at 0.09% copper equivalent (0.02% Cu, 0.11 g/t Au, 0.04 g/t Ag).
  • Joy Property (2022): Hole JP22044 intersected 108 metres at 0.03% Cu, 0.23 g/t Au, and 6.4 g/t Ag.
  • Valley (2019): Earlier drilling revealed anomalous copper in propylitic- and phyllic-altered Takla group rocks.
• Earn-In Agreement Terms: Freeport-McMoRan can earn up to 80% interest in the Atty and Pil properties by financing $35 million in exploration expenditures and making cash payments of $4.1 million over a six-year period. Finlay serves as operator and earns an operator's fee.

Notable Quotes

• "We are very pleased with the results of our 2025 Atty program and are moving forward with planning for 2026. The expansion of our known targets, along with the discovery of multiple new targets, has reinforced Atty's significant position between Freeport-Amarc's Joy property with its AuRORA discovery and Centerra Gold's expanding Kemess project. Through a systematic exploration approach, supported by Freeport's funding, Finlay is effectively demonstrating the substantial value of its property portfolio." — Ilona B. Lindsay, President and CEO