Ophir completes review, plans exploration at Breccia

Mr. Shawn Wescott reports OPHIR COMPLETES REVIEW AND INITIATES EXPLORATION RESTART AT THE BRECCIA GOLD PROJECT IN IDAHO Ophir Metals Corp. has provided an update on the company's Breccia gold property, located approximately 40 kilometres southwest of Salmon, Idaho. The property is accessible by paved highway and a network of well-maintained gravel roads across the property. Highlights: Ophir re-engages exploration at the Breccia gold property amid record gold and silver prices; Property hosts extensive and significant gold mineralization via surface outcrop samples, including: 84.3 grams per tonne Au (gold) and 31.3 g/t Ag (silver) (Meadows Fault trend), 57.6 g/t Au and 19.6 g/t Ag (East Breccia zone) and 16.4 g/t Au and 15.1 g/t Ag (Musgrove trend); Outcrop sampled from the property expands the mineralized potential 800 m north, along Meadows Fault zone: 25.2 g/t Au; Property surrounds neighbouring unowned claims with a historical drill hole that returned 13.02 g/t Au and 46.6 g/t Ag over 7.4 m (BG21-004), and that was mere metres off of the property boundary, confirming a robust mineralized system in the area; On trend to the neighbouring Challis gold project claims; CSAMT and magnetic surveys on the property define a continuous structural corridor consistent with the known mineralized trend. With gold at historic highs and investor demand for high-quality North American precious metal projects accelerating, Ophir is repositioning Breccia as a cornerstone asset within its portfolio while actively evaluating additional gold and silver opportunities to complement its existing precious metal growth strategy. The Breccia gold property is anchored by a robust geological model, is on trend to the contiguous Challis gold project and surrounds neighbouring claims with historical high-grade drilling. Additionally, the geophysics data set including CSAMT and magnetics defines a continuous resistivity corridor coincident with previously drilled gold mineralization on neighbouring surrounded claims. This integrated data set confirms the presence of a structurally controlled system that remains open for expansion both along strike and at depth. Within only metres of the property border, on surrounded unowned claims, drill hole BG21-004 returned 13.02 g/t Au and 46.6 g/t Ag over 7.4 m. The mineralized structure is interpreted to continue onto the company's property for over a kilometre, supported by CSAMT and magnetics data, and remains to be drill tested. Shawn Wescott, chief executive officer of Ophir, comments: "Gold's historic rise has made precious metals a priority for the company. As we evaluated opportunities in the sector, management and the board were quick to conclude how valuable the Breccia gold property is. The mineralization thus far observed appears to suggest a very robust mineralized system, and we look forward to the commencement of field work and drill target prioritization." The Breccia gold property hosts a well-defined precious metal system interpreted to represent the upper levels of a low-sulphidation epithermal vein network developed along the Meadows Fault zone and related subparallel structures. Gold and silver mineralization occur within silicified breccias, quartz-adularia veins and hydrothermal breccia zones that form along steeply dipping, north- to northwest-trending fault corridors. Collectively, the geological, geophysical and geochemical data indicate that Breccia represents a robust, multiphase hydrothermal system that may transition from epithermal-style veining near surface to a deeper, possibly intrusive-related gold source at depth. A comprehensive review of historical and modern data sets, including CSAMT geophysics, surface sampling and drilling, has refined the company's understanding of the structural and lithologic controls on mineralization. These studies show a clear relationship between high-grade gold intercepts and resistivity anomalies identified in the CSAMT survey. This supports the interpretation of a vertically extensive, structurally focused hydrothermal system. Drilling completed in 2021 on the central portion of the broader breccia system on claims that are no longer part of Ophir's current property intersected multiple zones of gold-silver mineralization that coincide with CSAMT-defined resistivity highs. Notable results include BG21-004: 13.02 g/t Au and 46.6 g/t Ag over 7.4 m and 1.68 g/t Au over 22.8 m. Though these Lightning Tree claims are no longer part of Ophir's current property, hole BG21-004 is the northernmost hole drilled by the company and lies within metres of the property border. The results are geologically significant, as the company believes the precious metal tenure of the Meadows Fault zone is increasing northward on the Breccia claims. Recent fieldwork and data integration have also identified potential for parallel mineralized corridors extending north and east of the property's main Breccia gold zone (BGZ). The discovery of a new breccia outcrop approximately 800 m north-northwest of the BGZ suggests a structural splay off the Meadows Fault zone and highlights the property's broader surface potential. Extension of the property's Breccia gold zone On Sept. 20, 2021, the company announced (see news release) that prospecting led to the discovery of a new mineralized breccia outcrop occurrence located approximately 800 m north-northwest of the center of Breccia gold zone, which saw (13.02 g/t Au and 46.6 g/t Ag over 7.4 m) and several hundred metres west of the extensive gold-in-soil anomaly situated along the northern portions of the Meadow's Fault zone. A total of 16 samples, including a sample that returned 25.2 g/t Au (grab outcrop), were collected from a series of large breccia outcrops, extending for at least 200 m in a generally east-west direction. The discovery indicates a potential splay off the Meadow's Fault zone and further highlights the surface exploration potential of the property, and most specifically the north end of the Meadow's Fault zone. CSAMT survey defines a continuous structural corridor A controlled-source audio-frequency magnetotelluric (CSAMT) survey completed in 2021 delineated two prominent north-northwest-trending resistivity corridors extending across the property. These resistivity anomalies are interpreted to represent silicified, structurally controlled zones associated with gold-silver mineralization. Modeling of the CSAMT data identified: Broad high-resistivity features (300 to 500 ohm-m) coinciding with known surface mineralization at the Breccia gold zone (BGZ); A continuous resistive structure extending along the Meadows Fault zone, suggesting potential for parallel or splay mineralized zones to the north and east. A deep, high-resistivity body (greater than 1,000 ohm-m) at depth beneath the BGZ, interpreted as a possible intrusive source and heat driver for the epithermal system. This geophysical framework establishes a clear exploration vector that aligns with drill results on claims the property surrounds in the central portion of breccia trend. Next steps Ophir has initiated planning for a 2026 exploration program, focused on refining and testing new drill targets along the CSAMT-defined structural corridor and the northern breccia discovery area. Planned work includes: Detailed geological mapping and channel sampling; Integration of CSAMT and historical drill data into a 3-D geophysical-geological model; Prioritization of drill targets to test strike and depth extensions of the BGZ. QA/QC (quality assurance/quality control) A quality assurance/quality control protocol following industry best practices was incorporated into the program and included systematic insertion of quartz blanks and certified reference materials into sample batches, as well as collection of quarter-core duplicates, at a rate of approximately 5 per cent. Core samples were shipped to Activation Laboratories in Kamloops, B.C., for analysis. No samples were collected from drill hole BG21-003 as it was lost due to drilling conditions and recollared immediately adjacent as BG21-003A. Core samples were submitted for multi-element analysis, including silver, with ICP-OES finish (code 1F2), as well as gold by fire assay (gold 1A2B30). Over limits for gold (greater than 10 g/t) were automatically determined by gravimetric. Standard drill core sample preparation was completed and comprising crushing to 80 per cent passing 10 mesh, followed by a 250 g riffle split and pulverizing to 95 per cent passing 105 micrometres (package RX1). All rock (grab/composite) and soil samples collected were sealed individually in the field and bulk shipped by ground to Activation Laboratories Ltd. in Kamloops, B.C. Rock samples were analyzed for multielement (including Ag) by aqua regia digestion with ICP-OES finish (code 1E3) and Au analysis by fire assay with AA finish (package 1A2B-30). Over limits for Au and Ag were determined by the relevant analytical package. Soil samples were analyzed for multielement (including Ag) by aqua regia digestion with ICP-MS finish (code Ultratrace 1) and Au analysis by fire assay with AA finish (package 1A2B-30). Management cautions that prospecting surface rock sample assays, as presented herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled. Qualified person Trevor Mills, PG, SME-RM, principal geologist/United States operations manager of Dahrouge Geological Consulting USA Ltd., a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information and verified the data contained within the news release. Mr. Mills has verified all scientific and technical data disclosed in this news release including the sampling and QA/QC results, and certified analytical data underlying the technical information disclosed herein. Mr. Mills noted no errors or omissions during the data verification process. The company and Mr. Mills do not recognize any factors of sampling or recovery that could materially affect the accuracy or reliability of the assay data disclosed in this news release. About the Breccia gold property The Breccia gold property consists of 52 claims covering approximately 1,043 acres (422 hectares) within the Blackbird mining district, in Lemhi county, approximately 40 kilometres southwest of Salmon, Idaho, U.S. The property is accessible by paved highway and a network of well-maintained gravel roads and is host to the historical Gahsmith gold mine. Exploration and development activity on the property dates back to the 1930s and has been exploited by several adits. The current property includes the Meadows Fault zone and the lesser explored, parallel Musgrove mine trend. Recent exploration carried out in 2018, 2019 and 2020 included the remapping and sampling of the Meadows Fault zone and the results are suggestive of the existence of a significant low-sulphidation, epithermal gold system. Further information on the Breccia gold property is available in the National Instrument 43-101 technical report dated July 6, 2020, and titled "Technical Report on the Breccia Gold Property, Southwest of Salmon, Idaho, USA" filed on SEDAR+. About Ophir Metals Corp. Ophir Metals is a diversified mineral exploration company focused on the exploration and development of the Pilipas lithium property in James Bay, Que., and the past-producing Breccia gold property located in Lemhi county, Idaho. We seek Safe Harbor.