Finlay completes 2025 exploration at Pil, Atty

Executive Summary

• Finlay Minerals Ltd. has completed its 2025 exploration programs on the Pil and Atty projects in the Toodoggone region of British Columbia.
• The exploration activities included geological mapping, soil sampling, and geophysical surveys (IP and airborne magnetic) aimed at developing drill targets for 2026.
• Both projects are fully financed through earn-in agreements with Freeport-McMoRan, which can earn up to an 80% interest by investing $35 million and making $4.1 million in cash payments over six years.

Key Details

• Exploration Activities Completed:
  • Geological and alteration mapping.
  • Soil sampling.
  • Induced polarization (IP) surveys.
  • Airborne magnetic surveys.
• Project Status:
  • Results are currently being compiled and integrated into existing datasets; final results will be released once complete.
  • Primary objective was to develop drill targets for 2026 and assess other targets for subsequent fieldwork.
• Financing and Earn-In Terms:
  • Partner: Freeport-McMoRan Mineral Properties Canada Inc.
  • Freeport can earn up to 80% interest in each property.
  • Total exploration expenditure required: $35 million.
  • Cash payments required: $4.1 million over six years.
  • Finlay Minerals acts as the operator and earns an operator's fee.
• Pil Project Details:
  • Located in the heart of the Toodoggone region.
  • Hosts porphyry copper-gold targets and associated epithermal gold-silver mineralization.
  • 18 porphyry copper (+/- molybdenum +/- gold) and related low/high-sulphidation epithermal gold-silver occurrences identified to date.
  • Neighbors: Freeport/Amarc Resources' Joy project, TDG Gold Corp.'s GSN (Shasta/Baker) and Sofia properties, Centerra Gold's former Kemess South mine (25 km southeast), and Thesis Gold's Lawyers-Ranch project (15 km west).
• Atty Project Details:
  • Covers 3,875 hectares of subalpine terrain in the southern Toodoggone region.
  • Area known for significant porphyry Cu-Au and epithermal Au-Ag deposits.
  • Located between Centerra Gold's Kemess project and the Joy project.
  • Kem target resembles the Kemess North trend (home to Kemess underground and Kemess East deposits).
  • Exploration focused on the Wrich target near the copper geochemical anomaly at the Swt target on the Joy property.
  • Anomaly extends over 2 km and continues onto the Atty property for an additional 1.2 km to the southeast.

Notable Quotes

• "The primary objective of these exploration programs was to develop drill targets for 2026 while also assessing other targets for subsequent fieldwork and geophysical surveys."
• "Results are still being received, and will be released once they have been compiled and integrated into the existing data sets."