Original News Release
Lancaster completes title transfer of Lake Cargelligo
Mr. Andrew Watson reports
LANCASTER COMPLETES TITLE TRANSFER FOR 100% OF THE LAKE CARGELLIGO GOLD PROJECT
Lancaster Resources Inc. has completed the title transfer for 100 per cent of the Lake Cargelligo gold project, a district-scale exploration property in the famed Cobar mining district of New South Wales, Australia.
Effective Nov. 17, 2025, the mineral claim title for exploration licence 9775 is now held by Lancaster Gold Australia Pty. Ltd., a wholly owned subsidiary established to lead exploration and development activities in Australia.
The Lake Cargelligo project covers approximately 62,300 hectares. Exploration licence 9775 covers 28,768 hectares under a single exploration licence and features multiple historical high-grade gold and silver occurrences, identified through rock chip and channel sampling, as well as historical drilling. In addition to EL 9775, Lancaster Gold Australia submitted ELA6970 for an additional 33,400 hectares as previously announced on Sept. 22, 2025, and is awaiting final state approval.
All exploration results are historical in nature and have not been verified by a qualified person under National Instrument 43-101. The company considers these results relevant for exploration purposes but not necessarily indicative of mineralization on the property.
Andrew Watson, PEng, president, chief executive officer and a director of the company, is a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Watson has reviewed and approved the scientific and technical information contained in this news release. Mr. Watson is the president and chief executive officer and a director of the company and is not independent of the company.
About Lancaster Resources Inc.
Lancaster Resources is a Canadian exploration company advancing a portfolio of critical mineral and gold projects in established mining jurisdictions. The company holds a 100-per-cent interest in the Lake Cargelligo gold project in New South Wales, Australia, covering more than approximately 62,300 hectares with a history of drilling and exploration. In Canada, Lancaster's assets include the Lac Iris polymetallic project and an option to acquire the Trans-Taiga project in Quebec's James Bay region, as well as the Piney Lake gold project and uranium projects at Catley Lake and Centennial East in Saskatchewan's Athabasca basin. Lancaster's diversified land position provides exposure to gold, uranium and polymetallic exploration opportunities.
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