Venerable Ventures Announces Start of 50,000 m Drill Program at the Minto Copper-Gold-Silver Mine

Executive Summary

• Venerable Ventures Ltd. has commenced a 50,000-meter diamond drill program at its Minto property in Yukon, Canada, following the receipt of a Class 4 Quartz Mining Land Use permit on August 6, 2025.
• The initial 2025 drill hole (25SCM001) successfully intersected mineralization, demonstrating the extension and continuity of the shallowly dipping copper-gold-silver system at the Minto North western lens.
• The exploration program aims to expand known resources, test near-mine targets, and upgrade geological modeling to inform trade-off studies scheduled for Q1 2026, with a Feasibility Study targeted for H1 2027.

Key Details

• Drill Program Scope: A total of 50,000 meters of diamond drilling is planned. The program is staged, beginning with one rig in August and increasing to five rigs by the end of October.
• Location: Minto property, central Yukon, Canada. Drilling commenced on August 23, 2025, at the Minto North western lens.
• 2025 Drilling Results:
  • Hole 25SCM001: An 80-meter southerly step-out hole from previous work. It successfully intersected mineralization and alteration consistent with the known mineralization, demonstrating extension and continuity of the shallowly dipping system.
• Historical Context (2021-2022 Drilling): Previous exploration identified new zones and untested targets. Significant historical intersections at Minto North include:
  • Hole 22-EXP-0452: 34.59 meters at 1.91% Cu, 1.15 g/t Au, 9.42 g/t Ag.
  • Hole 22-EXP-0423: 20.0 meters at 2.2% Cu, 1.76 g/t Au, 11.55 g/t Ag.
  • Hole 21EXP0034: 28 meters at 1.58% Cu, 1.29 g/t Au, 8.11 g/t Ag.
• Geological Targets: The program focuses on expanding known resources and testing near-mine targets along a >5.5 km long northwest structural corridor.
• Future Milestones:
  • Q1 2026: Completion of trade-off studies informed by updated geological modeling, mine planning, and preliminary equipment/facilities assessments.
  • H1 2027: Targeted completion of a Feasibility Study incorporating detailed open pit/underground mine plans, concentrate production plans, and cost estimates.
• Permitting: The company received Class 4 Quartz Mining Land Use permit approval on August 6, 2025.
• Qualified Person: Stacie Jones, P.Geo., Vice President Exploration & Geoscience, has reviewed and approved the technical information.

Notable Quotes

• M Colin Joudrie, President & CEO: "We are excited to begin our drill program exploring a series of high grade copper-gold-silver mineralized targets on the Minto property, each with significant expansion potential. Following up on results achieved by previous operators, our first drill holes are targeting the Minto North area where our first drill holes have successfully expanded and further defined the mineralized footprint of this zone."
• M Colin Joudrie, President & CEO: "Proceeding with a staged exploration ramp up, including getting the crews to site, operating safely, and familiarizing our team with the long history of the project, is instrumental to us delivering exploration success and to developing a thorough geological understanding of the many deposits and targets on the site."