Cameo Completes NI43-101, Initiates Geophysics, And Expands Its Katoro Property In TANZANIA

Executive Summary

• Cameo Resources Inc. has entered into an agreement to acquire the Kempton Gold Property (PL 12902/2024), which adjoins its existing Katoro Gold Property to the south, expanding its total land package by 6.21 square kilometers.
• The company completed an NI43-101 Technical Report for the Katoro property and conducted a high-resolution drone magnetic survey covering both Katoro and the newly acquired Kempton property.
• Preliminary magnetic survey results indicate that a major regional lineament from the nearby Buckreef Gold Mine extends through the combined properties, with secondary east-west structures identified as potential gold mineralization targets.

Key Details

• Acquisition Details: Cameo entered into an agreement on August 25, 2025, to acquire PL 12902/2024, known as the Kempton Gold Property.
• Property Expansion: The acquisition adds 6.21 square kilometers to the Katoro Gold Property, bringing the total combined area to 18.73 square kilometers.
• Location: The properties are situated within the Sukumaland greenstone belt in the Lake Victoria Goldfields (LVGF) of Tanzania, an area known for multimillion-ounce gold deposits.
• Technical Report: An NI43-101 Technical Report was completed for the Katoro Gold Property and is available on the Company’s website.
• Survey Methodology: A high-resolution drone magnetic survey was conducted using a MagArrow II from Geometrics Canada, flown by HETAMIS Mineral Services Ltd.
• Survey Scope: The survey covered 444 line-kilometers at a 50-meter line spacing across both Katoro and Kempton.
• Geological Findings: Preliminary data shows the main regional lineament from the Buckreef Gold Mine (located less than 20 km northeast) extends onto and through the Katoro and Kempton properties. Several secondary east-west structures, believed to be optimal exploration targets for gold mineralization, crosscut the interpreted primary shear zones.
• Exploration Status: The concessions had not been explored by modern methods prior to this initiative.

Notable Quotes

• "The expansion of the Katoro property to include the Kempton Gold Property to the south increases the prospective gold mineralized ground controlled by Cameo up by 50%. For the first time, Cameo is using modern technology to investigate the area and fast-track exploration. Although the field results are preliminary and still need to be processed further, the early results are very encouraging for the possible mineralization potential of this highly prospective property." — Brian Thurston, PGeo, Technical Advisor