Germanium Mining increases Lac du Km 35 by 221 ha

Executive Summary

• Germanium Mining Corp. has strategically expanded its Lac du Km 35 germanium property in Quebec by acquiring four additional mineral claims, increasing the total land package to 79 claims covering 4,371.28 hectares.
• The expansion was finalized via a second amendment to the option agreement, requiring the issuance of 200,000 units (shares and warrants) to the vendor upon completion of work acknowledged by the Quebec Ministry of Natural Resources.
• Recent 2024 exploration at the Lac du Km 35 property yielded significant base metal and gold values in outcrop samples, while preliminary reconnaissance was also conducted at the Azure Ridge historical mine.

Key Details

• Property Expansion: The Lac du Km 35 property was expanded by four mineral claims covering over 221 hectares. The total property now comprises 79 claims covering 4,371.28 hectares (43.7 square kilometres).
• Transaction Terms: The company issued an aggregate of 200,000 units to the vendor as consideration for the additional claims.
  • Unit Structure: Each unit consists of one common share and one common share purchase warrant.
  • Warrant Terms: Each warrant allows the purchase of one additional share at an exercise price of $0.60 CAD for a period of 24 months from issuance.
  • Conditions: Issuance is contingent upon the work being executed and acknowledged by the Ministry of Natural Resources of Quebec (MNR).
  • Restrictions: Securities are subject to a four-month-plus-one-day hold period and require compliance with Canadian Securities Exchange policies.
• Lac du Km 35 Exploration Results (2024):
  • 39 outcrop samples were collected via prospecting and sampling.
  • Nickel: Up to 0.27%
  • Cobalt: Up to 0.04%
  • Copper: Up to 0.24%
  • Gold: Up to 0.21 g/t
  • Zinc: Highest value 0.07%; only three samples exceeded 0.05%.
  • Germanium: Values deemed not reliable due to the digestion method selected.
• Historical Data: The Laganiere germanium showing returned 0.02% (186 ppm) germanium. These are historical results from government geologists (1998) and are not treated as current resources or reserves due to lack of verification by a Qualified Person.
• Azure Ridge Update: Completed a brief field reconnaissance program consisting of site reconnaissance and geological observations. No conclusions on economic viability can be drawn at this stage.
• Geological Context: The property is underlain by the Roy group and Laganiere gneissic complex, hosting the Lac Dore intrusive suite and Duberger felsic pluton. It is located near the Faribault shear zone and the Grenville Front.

Notable Quotes

• "The expansion of the 100-per-cent-optioned Lac du Km 35 germanium property reflects the company's efforts to consolidate its land position in areas of geological interest. We believe this strategically expanded footprint provides a broader platform for future exploration and evaluation." — Mario Pezzente, CEO