Viridian begins drilling at Kraken Main zone

Executive Summary

• Viridian Metals Inc. has commenced drilling at the Main zone of its 100%-owned Kraken nickel-copper-cobalt project in Labrador.
• The 2025 exploration program is planned to consist of 30 to 50 diamond drill holes targeting mineralization within 30 metres of surface, building on successful 2024 results.
• The drilling objectives are to advance toward potential resource definition at the Main zone and to test modelled conductors in the vicinity that may represent higher-grade domains.

Key Details

• Project Location: Kraken nickel-copper-cobalt project, Labrador (100% owned by Viridian Metals).
• Drilling Program Scope: 30 to 50 diamond drill holes planned for 2025.
• Target Depth: Mineralization within 30 metres of surface.
• Previous Performance (2024): The 2024 campaign returned intercepts grading over 4% copper and multiple intervals exceeding 20 metres from surface (referenced from news release dated Feb. 26, 2025).
• Primary Objectives:
  1. Advancing toward potential resource definition within the Main zone.
  2. Testing modelled conductors in the vicinity of the Main zone that may represent higher-grade domains of mineralization.
• Contractor: Compass Exploration Group Ltd.
• Equipment: Low-impact mini-drill diamond drill rig.
• Strategic Rationale: The use of the mini-drill rig is intended to minimize surface disturbance and is more cost-effective on a per-hole basis than conventional drilling, allowing for the testing of a greater number of shallow targets suitable for the near-surface nature of the mineralization.
• Qualified Person: Tyrell Sutherland, PGeo, President and CEO, has reviewed and approved the technical disclosure in accordance with National Instrument 43-101.

Notable Quotes

• "This program builds directly on the momentum from last year's success," said Tyrell Sutherland, president and chief executive officer. "Our aim is twofold: to advance toward potential resource definition at the Main zone and to test modelled conductors in its vicinity that could define higher-grade domains. By combining disciplined targeting with technology suited to near-surface targets, we are advancing Kraken responsibly and with purpose."