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

Mr. Glenn Mullan reports VAL-D'OR MINING EXPLORATION UPDATE BADEN PROSPECT, MATACHEWAN, ONTARIO-ELDORADO GOLD (QUEBEC) INC. OPTION DIAMOND DRILLING PROGRAM UNDERWAY A maiden diamond drilling program is under way on Val-d'Or Mining Corp.'s Baden prospect. The property is located in Baden township, located approximately 15 kilometres northwest of Matachewan, Ont. This property is under option to Eldorado Gold (Quebec) Inc., which may earn a 70-per-cent interest in each of the company's Baden, Plumber, Island 27 and Matachewan prospects through cumulative expenditures of $20-million over five years and may then increase to an 80-per-cent interest by completing a preliminary economic assessment. 2025 diamond drill program outline and objectives A phase I, 4,000-metre, helicopter-supported diamond drill program is currently under way, utilizing two coring rigs targeting selective targets over parts of the Baden property. A total of nine drill holes are currently planned over this program. Val-d'Or Mining is the project operator. The objectives of the 2025 drill program are as follows: Targeting historical gold showings previously defined by trenching, diamond drilling and an exploration shaft along kilometric northwest-southeast-trending mineralized corridor; Targeting induced polarization (chargeability and resistivity) anomalies identified from the summer 2025 survey; To define, characterize and delineate the existence of lithological and structural controls of the previously intersected gold mineralized veins; Testing for additional extensions of the historical mineralized zones and other prospective structures and magnetic features elsewhere the property. Further details of the program, targets tested and drill hole information will be provided once the drill program has been completed. The documented historical gold occurrences on the property occur in quartz veins associated with mineralized syenite porphyry dikes. The gold showings occur within a stockwork of quartz veinlets and narrow quartz veins, which are contained within a broader halo of disseminated pyrite and potassic alteration. Eldorado Gold (Quebec) option agreements: Under the terms of the option agreement, Eldorado can earn up to an 80-per-cent interest in the Baden, Plumber, Island 27 and Matachewan prospects; for additional details of the option agreement, please see the company's press release from May 30, 2023. Eldorado will make annual payments to the company of $100,000 beginning on the first anniversary of signing of the option agreement. In addition, Eldorado will be responsible for financing minimum work commitments on each property to keep the properties in good standing. Upon exercise of the 70-per-cent option by Eldorado, the parties will be deemed to have formed a joint venture in accordance with the terms set out in the option agreement and will use commercially reasonable efforts to enter into a formal joint venture agreement within 60 business days of the exercise of the 70-per-cent option. Upon the exercise of the additional option by Eldorado, the company will have a 20-per-cent undivided beneficial interest in the properties and Eldorado will have an 80-per-cent undivided beneficial interest in the properties, after which the parties will contribute their proportional share to further exploration and development of the properties, subject to standard dilution. Michael Rosatelli, MSc, PGeo, senior geological consultant and the vice-president of exploration of the company, is a qualified person as defined by National Instrument 43-101. Mr. Rosatelli has verified the referenced data disclosed in this press release and has approved the technical information presented herein. Eldorado Gold has not approved and is not responsible for the contents of this news release. About Val-d'Or Mining Corp. Val-d'Or Mining is a junior natural resource issuer involved in the process of acquiring and exploring its diverse mineral property assets, most of which are situated in the Abitibi greenstone belt of Northeastern Ontario and northwestern Quebec. To complement its current property interests, the company regularly evaluates new opportunities for staking and/or acquisitions. Outside of its principal regional focus in the Abitibi greenstone belt, the company holds several other properties in Northern Quebec (Nunavik) covering different geological environments and commodities (nickel, copper and platinum group elements). The company has expertise in the identification and generation of new projects and in early-stage exploration. The mineral commodities of interest are broad and range from gold, copper/zinc/silver, nickel/copper/PGEs to industrial and energy minerals. After the initial value creation in the 100-per-cent-owned or majority-owned properties, the company seeks option/joint venture partners with technical expertise and financial capacity to conduct more advanced exploration projects. We seek Safe Harbor.