Group Eleven Drills New Mineralized Zone South of Main Discovery Trend at Ballywire, Returning 7.3m of 5.2% Zn+Pb, 10 g/t Ag (from 326m), Incl. 3.8m of 7.3% Zn+Pb, 14 g/t Ag

The December 2, 2025 news release announces the discovery of a new mineralized zone south of the main discovery trend at the Ballywire project in Ireland. The drilling returned two new step-out holes with notable intercepts.

• Hole 25-3552-47, drilled 350 meters south of the main trend, intersected a new zone of Waulsortian-hosted mineralization returning 7.3 meters of 5.2% zinc-lead (Zn+Pb) and 10 g/t silver (Ag), including a higher-grade portion of 3.8 meters of 7.3% Zn+Pb and 14 g/t Ag. This hole also extended the Deeper Cu-Ag Zone down-dip by over 200 meters.
• Hole 25-3552-45, a 75-meter step-out to the northeast on the main trend, returned multiple mineralized zones, including 20.91 meters of 2.04% Zn+Pb and 10.0 g/t Ag.

CEO Bart Jaworski described the discovery of the southern zone as a "positive surprise" that enhances the potential for additional parallel mineralized zones, which could "greatly expand Ballywire's tonnage potential." The company continues its aggressive drill program with three rigs at Ballywire and one at the Stonepark Project, noting a robust treasury to fund this work.

This news is materially positive. The primary significance is not the grade of the intercept, which is solid but not as high as previous "best holes," but its location. Discovering a new, parallel mineralized zone 350 meters south of the main trend is a major exploration success. It validates the company's geological model that suggests multiple mineralized trends may exist, significantly increasing the project's overall size and tonnage potential.

Reviewing the historical news flow shows a consistent pattern of exploration success: - Systematic Expansion: Starting in early 2025, drilling has consistently expanded the mineralized footprint at Ballywire, both along strike and down-dip (e.g., March 25 release expanding the NE zone). - High-Grade Nature: The company has repeatedly hit very high grades of both Zn-Pb and Cu-Ag (e.g., May 8: 6.4m of 3.72% Cu and 838 g/t Ag; July 2: 39.7m of 9.5% Zn+Pb and 131 g/t Ag). - Confirmation of New Concepts: In September, the company confirmed the "Deeper Cu-Ag Target," which the CEO stated had "essentially doubled" exploration potential. Today's news adds another layer by confirming the potential for parallel zones.

This methodical de-risking and expansion is precisely what is needed to build a world-class deposit. The company has successfully raised capital at progressively higher prices ($0.19 in February, $0.32 in July) and is now well-funded with over $8.4 million in cash (as of Sept 30, 2025) to execute its largest drill program to date.

The discovery of a new zone provides more high-priority targets for the ongoing multi-rig drill program. While exploration always carries risk, this result provides strong evidence that Ballywire is a large, multi-faceted mineralizing system. This news supports the stock's recent strong performance and provides fundamental justification for further upside.

Group Eleven Resources Corp. is a Canadian-based mineral exploration company focused on advancing its zinc-lead-silver-copper projects in the Republic of Ireland.

Its flagship asset is the 100%-owned PG West Project, which contains the Ballywire discovery. Ballywire, first announced in September 2022, is a high-grade discovery that has been drilled over a 2.6 km trend and remains open. The mineralization includes significant zinc, lead, silver, and copper, along with potentially valuable by-products like germanium and antimony. The company also owns a 77.64% interest in the adjacent Stonepark Project, which hosts an Inferred Mineral Resource of 5.1 million tonnes grading 11.3% Zn+Pb. The properties are royalty-free.