Temas completes drill program at La Blache property

Executive Summary

• Temas Resources Corp. has completed its fall/winter HQ diamond drilling campaign at the La Blache property in Quebec, Canada, totaling 2,302 metres of drilling.
• The company plans to reassay 181 historic holes (36,614 metres) targeting gallium and rare-earth elements (REE), with assay results expected starting January 2026.
• The program supports the upgrade of the Farrell-Taylor massive oxide inferred resource and feeds into the development of the company's proprietary Regenerative Chloride Leach (RCL) technology, with initial RCL results expected in early 2026.

Key Details

• Drilling Completion: 2,302 metres of HQ diamond drilling successfully completed at the La Blache vanadium titanomagnetite critical mineral project.
• Assay Schedule: Drill core assays to be sent to ALS Ltd. facilities in Lachine, Que.; results expected to flow starting January 2026.
• Historic Core Reassay: 181 historic holes totalling 36,614 m of core to be reassayed targeting gallium and other rare-earth elements (REE).
• Resource Context: Program designed to expand and upgrade the Farrell-Taylor massive oxide (MO) inferred resource, previously reported as 108.8 m tonnes at 17.83% TiO2, 0.32% V2O5, and 59.4% Fe2O3.
• Critical Metals Discovery: Early observations indicate the presence of gallium and scandium, in addition to titanium and vanadium.
• Future Drilling Plans: Phase 2 drilling planned for early/mid-calendar year 2026, including definition drilling of the Lac Schmoo, Hervieux East, and Hervieux West deposits.
• Resource Goal: Results will support upgrading the existing 208.5 million tonne inferred resource and contributing to a maiden JORC-compliant mineral resource estimate (MRE) during CY 2026.
• RCL Technology: Core will support the development of the patented regenerative chloride leach (RCL) technology, which claims to reduce costs by up to 65% and enhance recovery of titanium, vanadium, REE, and other critical metals.
• RCL Timeline: Initial results from RCL technology development expected in early CY 2026; testing program expected to begin in January with results in February and March.
• Licensing/JV Updates: Discussions to jointly develop RCL technology on third-party ore (gold, silver, nickel, REE) are continuing, with updates expected early in the new year.
• Historic Data Consolidation: Temas has consolidated 100% ownership of all major mineral showings and secured 181 historical drill holes (36,614 metres) at its La Baie facility.
• Cost Savings: Reassaying the secured historic core represents over $35-million in reacquisition savings and accelerates the path toward feasibility-level studies.
• Mineralization Consistency: Downhole elemental grade variation from hole LB-22-07 (approx. 87 m true thickness of continuous massive oxide) demonstrates consistency and scale. Average elemental grades from all 405 assayed intercepts for the MO in the 2022 program align closely with LB-22-07.

Notable Quotes

• Tim Fernback, CEO: "Our review of the prior drilling at La Blache, has identified significant signatures for both scandium and gallium, in addition to the titanium, vanadium and iron. These critical metals are required for the development of high performance aerospace equipment alloys and semiconductors respectively and will result in additional value to our planned MRE."
• Tim Fernback, CEO: "The company notes that the RCL cost reduction estimates are based on internal pilot-scale studies and have not yet been independently verified in a JORC-compliant feasibility study."
• David Caldwell, COO: "The consistency of mineralization in the La Blache MO is striking both within LB-22-07 and across all 2022 holes is encouraging. We are designing a comprehensive reassay program for all historic core at Hervieux East, Hervieux West and Farrell-Taylor to ensure the full multielement potential is captured across the 14.5km trend."
• David Caldwell, COO: "Reassaying this core represents over $35-million in reacquisition savings, several years of development time and significant accelerates our path toward feasibility-level studies by providing a large, high-quality data set."