Gold Hunter completes VTEM survey at Great Northern

Executive Summary

• Gold Hunter Resources Inc. has completed a comprehensive VTEM and magnetic airborne geophysical survey across its entire 26,237-hectare Great Northern project in Newfoundland, marking the first modern, consistent dataset for the property.
• Preliminary data confirms major structural features coincident with known gold mineralization, including the Rattling Brook and Viking deposits, which will be used to refine and prioritize targets for the company's maiden drill program.
• The company reports that while it raised sufficient funds to complete the survey, the original financing tranche structure is void; additional financing is required to execute the planned drill program, and management is actively evaluating opportunities.

Key Details

• Survey Completion: Completed a VTEM (versatile time-domain electromagnetic) and magnetic airborne geophysical survey over the full 26,237-hectare Great Northern project.
• Survey Scope: Covers the full 40-kilometre strike length of the consolidated property; first modern airborne geophysical survey of this scale.
• Data Processing: Geotech Ltd. performed the survey; Campbell & Walker Geophysics is independently processing and modelling the data for quality control and target refinement. Final deliverables are pending.
• Geological Findings:
  • Preliminary magnetic data highlight property-scale structural features interpreted as key controls on gold mineralization.
  • Identified second- and third-order structures that may act as traps for mineralization.
  • Strong spatial correlation between newly mapped structural trends and five key gold areas.
• Historical Resource Context:
  • Rattling Brook Deposit: Historical estimate of 255,000 ounces of gold (Magna Terra Minerals, effective Jan. 23, 2019).
  • Viking Deposit: 51,000 ounces indicated gold and 4,200 ounces inferred gold (per release dated May 29, 2025).
  • General History: More than 500 historical drill holes and the past-producing Browning gold mine.
• Strategic Location:
  • Located in a Tier 1 mining jurisdiction, 80 km from Equinox Gold’s Valentine gold mine.
  • Bisected by the Baie Verte Highway, providing superior year-round road access to mills and a deep-sea port.
• Financing Status:
  • Originally announced tranche structure is now void.
  • Funds raised were sufficient to complete the airborne survey and associated analysis.
  • Company maintains adequate working capital for data interpretation and target prioritization.
  • Critical Update: Additional financing is required to execute the planned drill program; management is actively evaluating financing opportunities.
• Next Steps:
  • Receipt of final processed/modelled data.
  • Integration of geophysical results with geological/geochemical datasets.
  • Ranking and prioritization of targets for the maiden drill program.
  • Preparation of a follow-up release outlining the new financing strategy.

Notable Quotes

• Sean A. Kingsley, President and CEO: "Completion of the airborne survey is a major milestone, giving us a unified data set over our entire 50-kilometre-long project for the first time. Our project combines the right geology in a district-scale structural corridor analogous to the nearby Valentine gold mine, with an unparalleled logistical advantage from the highway that runs through our property. This new geophysical data is a valuable layer we need to effectively target the high-grade potential we know exists here."