Val-d'Or Mining begins 4,000 m drill program at Baden

Executive Summary

• Val-d'Or Mining Corp. has commenced a maiden diamond drilling program at its Baden prospect in Ontario, which is under option to Eldorado Gold (Quebec) Inc.
• The Phase I program involves 4,000 meters of drilling across nine planned holes, utilizing two coring rigs to target historical gold showings and geophysical anomalies.
• The drilling aims to define lithological and structural controls of mineralized veins and test for extensions of historical mineralized zones, with further details to be released upon completion.

Key Details

• Project Location: Baden prospect, Baden township, approximately 15 km northwest of Matachewan, Ontario.
• Operator: Val-d'Or Mining Corp.
• Option Partner: Eldorado Gold (Quebec) Inc. holds an option to earn up to an 80% interest in the Baden, Plumber, Island 27, and Matachewan prospects.
• Drilling Program Scope:
  • Phase I, 4,000-meter helicopter-supported diamond drill program.
  • Utilizing two coring rigs.
  • Total of nine drill holes planned.
• Program Objectives:
  • Targeting historical gold showings defined by trenching, drilling, and an exploration shaft along a northwest-southeast trending corridor.
  • Targeting induced polarization (chargeability and resistivity) anomalies from summer 2025 surveys.
  • Defining, characterizing, and delineating lithological and structural controls of previously intersected gold mineralized veins.
  • Testing for additional extensions of historical mineralized zones and other prospective structures/magnetic features.
• Geological Context: Historical gold occurrences are associated with quartz veins and mineralized syenite porphyry dikes, contained within a stockwork of quartz veinlets and a broader halo of disseminated pyrite and potassic alteration.
• Option Agreement Terms:
  • Eldorado may earn a 70% interest through cumulative expenditures of $20 million over five years.
  • Interest can increase to 80% upon completion of a preliminary economic assessment.
  • Annual payments of $100,000 are due to Val-d'Or starting on the first anniversary of the agreement.
  • Upon exercise of the 70% option, a joint venture is deemed formed, with a formal agreement to be entered within 60 business days.
  • Upon exercise of the additional option, Val-d'Or retains a 20% undivided beneficial interest, and Eldorado holds 80%, with contributions proportional to ownership.
• Qualified Person: Michael Rosatelli, MSc, PGeo, Senior Geological Consultant and VP of Exploration for Val-d'Or, verified the technical information.

Notable Quotes

• "Further details of the program, targets tested and drill hole information will be provided once the drill program has been completed."