Signature "disappointed" with first nations NR

Executive Summary

• Signature Resources Ltd. issued a public response to a March 3rd press conference held by the Red Sucker Lake Anisininew Nation (RSLFN) and Sachigo Lake Anisininew Nation (SLFN) regarding the company's Lingman Lake gold project.
• The company expressed disappointment and surprise at the nations' joint statement, noting that while it agrees with the principles of consent and mutual benefit, it was not afforded the opportunity to discuss the statement prior to its release.
• Signature Resources reaffirmed its commitment to engaging with the nations, highlighting past accommodations regarding hunting activities and seeking a meeting to establish a process for dialogue and future collaboration ahead of the 2026/2027 drill campaign.

Key Details

• Project Location: Lingman Lake gold project, Northwestern Ontario, within Treaty No. 9 lands and the shared territory of RSLFN and SLFN.
• Company Stance: Signature Resources states it has made "numerous documented overtures" to meet with the nations and welcomes an invitation to present its plans to community members.
• Specific Concerns Addressed:
  • The nations' statement highlighted collaboration, recognition of Anisininew jurisdiction, and opposition to Ontario Bill No. 5.
  • Signature Resources acknowledges these concerns and aims to operate collaboratively on traditional territories.
• Historical Context & Accommodations:
  • Exploration permit received in May 2024.
  • RSLFN raised concerns regarding impact on seasonal hunting activities during the consultation period.
  • Signature Resources altered flight operations (redirecting patterns, limiting flights) to minimize helicopter traffic impact, which the company believes has been successful.
  • Camp and exploration permits have been in place since 2018 with consent from RSLFN.
  • The company has utilized the community airport and hired community members since 2013.
• Future Plans:
  • Current winter exploration activities to wrap up in early May.
  • Preparation for the 2026/2027 drill campaign.
• Project Background (from "About" section):
  • 100%-owned property in the Red Lake district.
  • Total claims: 1,274 single-cell, 13 multicell staked, 4 freehold patented, 14 mineral rights patented (~24,821 hectares).
  • Historic mine infrastructure: 126.5-metre shaft, three levels at 46m, 84m, and 122m depths.
  • Drilling history: Over 43,222 metres drilled; four 500-pound bulk samples averaged 19 g/t Au.
  • Mineral Resource Estimate (May 31, 2025):
    • Indicated: 2,145,000 tonnes at 1.38 g/t Au (95,200 oz).
    • Inferred: 18,398,000 tonnes at 1.14 g/t Au (674,320 oz).
    • Cut-off grade: 0.30 g/t Au.
  • Infrastructure: Wataynikaneyap Power energized a new 115-kV transmission line within 40 km of the mine in November 2023.

Notable Quotes

• "The company received the statement as an opportunity to engage the nations and set out a process for dialogue and mutual benefit, along with environmental and cultural and spiritual protection in the area, ultimately leading to consent for advancing the Lingman Lake gold project. I am optimistic that we will have a meeting soon to move forward in a mutually respectful way. We strongly believe it is important to operate collaboratively when exploring on these traditional territories of the two sister Anisininew nations," stated Dan Denbow, president and chief executive officer.