Heritage Mining completes $5,000 payment for Melba

Executive Summary

• Heritage Mining Ltd. provides an update on its Melba asset purchase, confirming the completion of the final $5,000 payment following a site visit, with closing expected shortly after the desktop review.
• The company reports that all samples from the 2025 exploration program have been shipped to the assay lab as of August 18, 2025, following the resolution of technical difficulties that caused delays over the previous 30 days.
• Significant exploration results were highlighted across its portfolio: the Drayton-Blake Lake project identified a broad, previously unprospectied vein system up to 74 meters in length with anomalous gold values; the Contact Bay project intersected mineralized structure with visible gold beneath the historic Rognon mine; and the Scattergood property awaits a finalized report from a recent prospecting program.

Key Details

• Melba Asset Transaction:
  • Completed payment of $5,000 due 30 days after the initial agreement.
  • Payment followed a site visit conducted with a key stakeholder.
  • Desktop review is nearing completion; the company expects to close the transaction in short order.
  • Management cited the property's proximity to world-class mines, strong infrastructure, and skilled local workforce within ~24 km as key value drivers.
• Assay Lab Status:
  • All samples from the 2025 exploration program were shipped to the assay lab as of August 18, 2025.
  • Technical difficulties at the lab that caused multiple delay notifications over the last 30 days have been resolved.
• Drayton-Blake Lake Project:
  • Zone 3 extension target intersected a broad vein system up to approximately 74 meters in core length.
  • This area has never before been prospected or drilled.
  • Potential strike length exceeds four kilometers.
  • Results returned anomalous gold values.
• Contact Bay Project:
  • Located in the Rognon mine area, directly bordering Kinross Gold Corp.
  • Intersected mineralized structure beneath the historic mine in an area never previously drilled.
  • Visible gold was observed in the core.
• Scattergood Property:
  • Surrounded by active exploration programs from Dryden Gold, Dynasty Gold, and NexGold.
  • Company is awaiting the finalized report from a recently completed targeted prospecting program.

Notable Quotes

• "The recent site visit to the Melba property, alongside a key stakeholder, left us impressed with the project's potential. Its proximity to world-class mines, strong infrastructure and a skilled local work force -- all within roughly 24 kilometres -- highlights its exceptional positioning. With our detailed desktop review nearing completion, we look forward to advancing toward closing the transaction in short order." — Peter Schloo, President, CEO, and Director
• "Together, these results continue to validate our disciplined approach to exploration and underscore the strong potential across Heritage's portfolio," — Peter Schloo, President, CEO, and Director