Renforth extends Parbec fieldwork

Executive Summary

• Renforth Resources has extended chipping operations to the entire permitted area of its Parbec gold deposit to prepare for stripping and bulk sample preparation, with outcrop cleaning and channel sampling scheduled to begin in April.
• The company has received the forestry permit for its Victoria polymetallic deposit and is awaiting the ATI permit to proceed with a planned 1,000m drilling program in three holes.
• Updated geological modeling of Parbec confirms continuous gold mineralization from surface to approximately 250 meters depth, identifying a structurally segmented system with potential for lateral and vertical expansion.

Key Details

• Parbec Gold Deposit Operations:
  • Chipping operations have been extended to cover the entire permitted area (approx. 325m x 120m).
  • Initial chipping program is complete; remaining permitted chipping is expected to take an additional 1.5 to two weeks.
  • Outcrop cleaning and channel sampling are scheduled to start in April.
  • Stripping of overburden will follow chipping to expose key structural intersections, including the Cadillac Break, Diorite Splay, and Pontiac contact.
• Parbec Geological Model & Mineralization:
  • Recent plan view interpretation identifies a repeating pattern of nearly east-west shear zones crosscutting the Cadillac fault zone.
  • Continuous gold mineralization is confirmed from surface to approximately 250 meters depth.
  • Two approximately 400-meter mineralized lenses are split by an oblique structural zone, suggesting additional lenses laterally and down dip.
  • Drill spacing widens below 250m (to approx. 100m, locally exceeding 200m), yet gold mineralization continues to be intersected at depth.
  • The northern contact and the southern Pontiac contact with the volcanic Piche Group are identified as valid exploration targets.
• Upcoming Drilling Program (Parbec):
  • Focus areas include defining known zones, expanding resources laterally, testing vertical continuity below current drilling density, evaluating mineralization in Pontiac sediments to the south, and testing the northern contact.
  • Environmental and geotechnical baseline studies are advancing to support permitting for the planned bulk sample.
• Victoria Polymetallic Deposit:
  • Forestry permit received for siting three planned drill stations.
  • ATI permit is currently awaited.
  • Upon permit receipt, the company plans to drill approximately 1,000 meters in three holes to undercut single drill results obtained in 2021.
• Corporate Events:
  • Renforth will be present at the Prospectors & Developers Association of Canada (PDAC) 2026 in booth No. 2136.

Notable Quotes

• "We have decided to complete all of our permitted chipping at our Parbec gold deposit, to be followed by stripping the overburden, based upon the success of the work completed late last year... This will generate significant new structural and geological data to support our 2026 drilling program," states Nicole Brewster, president and chief executive officer.
• "What we are observing at Parbec is not an isolated vein, but a structurally segmented system displaying repeating mineralized corridors over approximately 800 metres in plan... With additional drilling, we expect to better define and potentially expand this footprint both laterally and at depth," states Martin Demers, PGeo, vice-president of exploration.