Carcetti files NI 43-101 report for Hemlo

Mr. Jason Kosec reports CARCETTI CAPITAL CORP. FILES NI 43-101 PRE-FEASIBILITY STUDY FOR THE HEMLO MINE Carcetti Capital Corp. has filed a technical report prepared in accordance with Canadian Securities Administrators' National Instrument 43-101 (Standards of Disclosure for Mineral Projects) supporting the results of the company's prefeasibility study for the Hemlo gold mine located in Ontario, Canada. The PFS supports Carcetti's acquisition of Hemlo, and outlines the next phase of operational development, exploration and value optimization of the asset. Key highlights: The PFS confirms Hemlo's long-life producing status, established infrastructure base and robust exploration upside; Carcetti intends to leverage Hemlo's existing underground and open-pit systems, targeting an optimized operating model to enhance margin and extend life of mine; The report underscores significant brownfield exploration potential adjacent to existing infrastructure, positioning Hemlo as the foundation of Carcetti's transition into a growth-oriented Canadian mid-tier gold producer; Carcetti remains committed to responsible mining practices, indigenous and community engagement, and environmental stewardship in the Marathon, Ont., region; After-tax net present value of $1.1-billion (U.S.) based on longer-term consensus gold prices of $2,610 (U.S.) per ounce and a 5-per-cent discount rate and life-of-mine undiscounted after-tax free cash flow of $1.49-billion (U.S.); After-tax net present value of $1.6-billion (U.S.) based on long-term gold price of $3,132 (U.S.) per oz and a 5-per-cent discount rate; Average annual gold production of 154,000 ounces per year over a 14-year life of mine from both underground and open-pit operations $1,545-(U.S.)-per-ounce average all-in sustaining costs over the life of mine; Significant mineral reserves and mineral resources as at Dec. 31, 2024, including: Probable mineral reserves of 2,321,000 ounces of contained gold (41.2 million tonnes at grade of 1.75 grams per tonne); Measured and indicated mineral resources of 3,626,000 oz of contained gold (71.3 million tonnes at grade of 1.58 g/t), including 624,000 oz of contained gold (4.3 million tonnes at grade of 4.47 g/t) in the measured category and 3,002,000 oz of contained gold (66.9 million tonnes at grade of 1.39 g/t) in the indicated category; Inferred mineral resource of 624,000 oz of contained gold (9.8 million tonnes at grade of 1.98 g/t). Financial highlights of the PFS include: "Filing this NI 43-101 PFS marks a major milestone for Carcetti and the Hemlo asset," said Jason Kosec, president and chief executive officer. "We believe Hemlo is uniquely positioned to deliver meaningful value -- by capitalizing on its proven infrastructure, deploying fit-for-purpose operations and aggressively exploring the brownfields potential. As we work to unlock the next chapter in Hemlo's story, our objective remains clear: build a leading, growth-focused Canadian gold business while generating long-term shared benefits for our stakeholders, including the Biigtigong Nishnaabeg and Netmizaaggamig Nishnaabeg communities, the local work force, and our shareholders." About Carcetti Capital Corp. Carcetti is a Vancouver-based mining company focused on growth through development of high-quality gold assets in safe jurisdictions. Upon closing of the Hemlo acquisition (expected in fourth quarter 2025) Carcetti will be renamed to Hemlo Mining Corp. and will be led by an experienced management team and board of directors with a strong record in Canadian gold mining. Technical information For addition information, please refer to the technical report, titled "NI 43-101 Technical Report -- Hemlo Mine, Ontario, Canada," with an effective date of Dec. 31, 2024, and a signature date of Oct. 27, 2025. The technical report supports the results of the prefeasibility study announced in the company's news release dated Sept. 10, 2025. The technical report filed on SEDAR+ under the company's profile at SEDAR+ has been prepared under the supervision of SLR by Brian Hartman, PGeo, Lance Engelbrecht, PEng, Jason J. Cox, PEng, and Gonzalo Rios, FAusIMM, of SLR, Jason Allen, PEng, of Entech Mining Ltd., and Marc Rougier, PEng, James Smith, PEng, and Siavash Farhangi, PEng, of WSP Canada Inc., each of whom is independent of the company and is a qualified person (as defined in National Instrument 43-101). The scientific and technical information in this news release has been reviewed and approved by Eric Tremblay, PEng, the company's incoming chief operating officer, who is a qualified person as defined under NI 43-101. We seek Safe Harbor.