Lancaster files NI 43-101 tech report for Cargelligo

Mr. Andrew Watson reports LANCASTER RESOURCES COMPLETES MAIDEN NI 43-101 TECHNICAL REPORT AT LAKE CARGELLIGO GOLD PROJECT, AUSTRALIA - MILESTONE ACHIEVED AS GOLD HITS $4,300 PER OUNCE Lancaster Resources Inc. has completed and filed its maiden National Instrument 43-101 technical report for its 100-per-cent-owned Lake Cargelligo gold project in New South Wales, Australia. The filing comes as gold prices surge to an all-time high of $4,300 (U.S.) per ounce, underscoring the growing global demand for quality exploration assets in stable jurisdictions. "completing our maiden NI 43-101 technical report at a time when gold has reached record highs reinforces the importance of our Lake Cargelligo gold project as a strategic asset in Lancaster's portfolio," said Andrew Watson, president and chief executive officer. "The independent validation by Geos Mining highlights the project's strong geological potential and provides a clear road map for discovery at a time when investor interest in gold exploration is rapidly accelerating." Technical report highlights Licence transfer from Mac Minerals Pty. to Lancaster's wholly owned subsidiary, Lancaster Gold Australia Pty. Ltd., has been initiated and is expected to be completed shortly. Compilation of drilling and historical sampling with channel intercepts up to 16 metres at 5.83 grams per tonne Au (gold) and 7.20 g/t Ag (silver), rock sampling of up to Au 204 g/t and Ag 273 g/t, from a total of 4,176 geochemical samples Multiple mineralization opportunities Large-scale shear-hosted gold mineralization associated with enriched silver, copper, lead and zinc; Intrusive-related gold systems associated with contact zones between Silurian Ungarie granite and altered Ordovician Abercrombie formation turbidite sediments; Orogenic-style gold hosted by quartz veins and stockworks within structural zones such as anticlinal fold hinges; Intrusion-related tin/tungsten deposits as veins, disseminations and greisen zones in the carapace of granitic intrusions. Four priority target areas outlined: Josephine Moulder, Josephine Moulder East, Avoca, Mount Wilga; Recommendations for a phase I exploration program including geophysics (including IP and airborne magnetics), geochemistry, and an initial RC and diamond drill program. "The Lake Cargelligo gold project positions Lancaster squarely in the midst of one of Australia's most prolific gold belts. With multiple untested targets and a supportive mining jurisdiction, we believe the project offers the potential for significant new gold discoveries," added Mr. Watson. "With gold reaching historic levels, advancing our exploration program now could unlock meaningful value for shareholders." The independent NI 43-101 technical report was prepared by Geos Mining, a Sydney-based geological consulting group specializing in geological and mining services for exploration companies. While these historical results have not been verified by a qualified person, they highlight significant exploration potential and will be key focal points in the upcoming work programs. The Lake Cargelligo gold project NI 43-101 report can be found under the company's profile on SEDAR+. 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. We seek Safe Harbor.