Origen Completes Exploration Program on Its Broken Handle High-Grade Gold-Silver Project, Southern B.C.

The most recent news, from October 16, 2025, announces that Origen Resources has completed an initial exploration program at its 100%-owned Broken Handle high-grade gold-silver project in British Columbia. The program consisted of a LiDAR survey and ground-truthing of the targets identified. This work successfully located over 50 areas of potential historical mining workings, including 38 that were previously unknown. The company collected 18 selective rock grab samples from these new areas, noting the presence of various sulphide minerals. Assay results for these samples are pending.

Crucially, the release also states that the previous option partner, Prince Silver Corp., has withdrawn from its agreement to acquire a 75% interest. As a result, Origen now holds a 100% interest and is actively seeking a new partner to advance the project.

This news is a routine operational update and is assessed as Routine - Positive. While it's positive that the company is actively exploring and has identified new targets, the news lacks the key data needed to have a material impact: assay results.

Progression of News: * September 29, 2025: Origen announced the closing of a minuscule $115,000 private placement at $0.05 per unit. The use of proceeds included exploration, general working capital, and paying outstanding management fees. This tiny raise highlighted the company's precarious financial position and suggested it only had enough capital for a very limited program. * October 16, 2025: Today's news confirms where that money was spent. The completion of a low-cost LiDAR and sampling program is exactly what could be expected from such a small financing.

Impact Assessment: * Positive Elements: The program successfully identified numerous historical workings, confirming the project's prospectivity and providing concrete targets for follow-up. This is a necessary step in advancing any early-stage project. * Neutral/Negative Elements: * No Assays: Without assay results, the discovery of old mine workings and sulphide minerals is merely anecdotal. The market cannot assign value until grades are known. The standard disclaimer about grab samples being selective and not representative of overall grade must be heeded. * Loss of Partner: The withdrawal of Prince Silver Corp. is a significant red flag. While Origen spins this as regaining 100% control, the critical question is why the partner left. This could imply that initial due diligence or exploration work by the partner was discouraging. * Search for New Partner: Origen's need to find a new partner underscores its inability to fund the project independently. The company is now in a weaker negotiating position, and there is no guarantee a new partner will be found on favourable terms, if at all.

This news does not materially de-risk the company or the project. The company remains a financially weak entity with an early-stage asset. The market's reaction should be muted until assay results are published.

Origen Resources Inc. is a Canadian junior mineral exploration company. Its current focus is the Broken Handle project, a 2,098-hectare, high-grade gold-silver and base metal property located in southern British Columbia. The project is situated near the historically productive Franklin mining camp. The company's strategy is to explore for polymetallic epithermal veins and skarns, leveraging the area's history of past mining activity. Origen owns 100% of the project. The property appears to be royalty-free based on the information provided.