Renforth awaits exploration permit for Parbec in Q1

Executive Summary

• Renforth Resources Inc. announced a non-brokered private placement to raise up to $500,000 through the issuance of flow-through shares and hard-dollar units, with proceeds designated for Q1 2026 drilling, permitting, and general administrative costs.
• The company provided a significant exploration update on its Parbec gold deposit, detailing plans to rehabilitate an existing decline for an underground bulk-sample program, with initial permitting submissions expected for approval by late Q1 2026.
• For the Victoria nickel sulphide polymetallic deposit, Renforth is reviewing core from ~10,300m of drilling to incorporate Platinum Group Elements (PGE) assays into its next NI 43-101 technical report, while outlining comprehensive 2026 technical plans including ~17,500m of total planned drilling across both assets.

Key Details

• Financing Structure:
  • Total Raise: Up to $500,000.
  • Instrument: Non-brokered private placement consisting of flow-through shares and hard-dollar units.
  • Price: $0.02 per share/unit.
  • Warrant Terms: Each hard-dollar unit includes one common share and one common share purchase warrant. Warrants allow purchase of one additional common share at $0.05 per share for 24 months from closing.
  • Hold Period: Statutory hold of four months and one day.
  • Finders' Fees: Up to 6% of gross proceeds and/or finders' warrants may be issued.
  • Use of Proceeds: Q1 2026 drilling at Parbec and Victoria, Parbec underground bulk sample permitting, continued surface work at Parbec, and general/administrative costs.
• Parbec Gold Deposit Updates:
  • Bulk Sample Program: VP of Exploration Martin Demers is working with local teams to advance the underground bulk-sample program.
  • Infrastructure: Plan involves rehabilitating an existing 1980s decline (approx. 100m depth) on the north side of the Cadillac Break. The decline cuts through gold-bearing lithologies but requires widening and has never been mapped/sampled.
  • Permitting Timeline: Initial permitting submissions (notice of work and advanced exploration application) expected to be approved by late Q1 2026. Subsequent application for a temporary mining lease and certificate of authorization will follow.
  • Surface Work: Surface stripping paused for winter; will resume upon thaw. Recent work identified exposure of the hinge-fold zone (where diorite splay separates from Cadillac Break), warranting continued stripping and washing.
• Victoria Nickel Sulphide Polymetallic Deposit Updates:
  • Core Review: Geological team reviewing witness core from ~10,300 metres of drilling across a 2.5-kilometre strike length.
  • PGE Integration: Select core being submitted for PGE assaying. Previous work confirmed Pt/Pd presence, but sampling density was insufficient for the Sept 2025 NI 43-101 resource estimate. Future reports will include Pt/Pd based on this new analysis.
• 2026 Technical Plans:
  • Parbec: Plan to drill approximately 7,500 metres, complete surveys of surface channels and drill collars, advance permitting to certificate of authorization, and update the resource estimate.
  • Victoria: Plan to drill approximately 10,000 metres and publish a new technical report incorporating additional drilling, Pt/Pd assay results, carbon sequestration studies, and ore sorting/processing testwork.
• Company Resource Data (from "About" section):
  • Parbec: 265,800 oz gold (measured/indicated) and 97,000 oz gold (inferred) in an open-pit scenario ($2,100/oz cut-off).
  • Victoria: 125 million tonnes grading 0.15% nickel equivalent (inferred resource, Sept 2025).