Katoro Final Technical Report Generates 80 High Priority Drill Targets

Executive Summary

• Cameo Resources received a technical report interpreting drone‑mounted magnetic and IP surveys over its 100% owned Katoro Gold Property in Tanzania.
• The integrated geophysical interpretation identified five distinct mineralized zones, some extending beyond the current property boundaries, with chargeability up to 250 mV/V and resistivity of ~10–700 Ω·m, suggesting sulphide‑rich gold potential.
• A phased drilling campaign is being planned; an initial 10‑15 hole program targeting the first two zones will commence as early as February, with bids already solicited from qualified Tanzanian drill contractors.

Key Details

• Technical Report Scope: Covers 19.58 km² (100% owned) Katoro Gold Property in the Sukumaland Greenstone Belt, Lake Victoria Goldfields, Tanzania.
• Geophysical Findings:
• Five mineralized zones identified at depths from a few metres to ~100 m.
• Zones align with three major E‑W trending magnetic lineaments interpreted as faults/shear zones, similar to the Tembo deposit (Buckreef Gold Mine).
• Chargeability values up to 250 mV/V; resistivity ranging ~10 Ω·m to 700 Ω·m.
• Mineralization Interpretation: Zones likely host disseminated sulphides and gold within Precambrian rocks and quartz veins in shear zones. High chargeability points to potential sulphide‑rich gold mineralization.
• Drilling Targets: 80 priority drill holes proposed based on the geophysical work.
• Initial Drill Program: 10–15 holes targeting the first two of the five zones; design phase underway.
• Contracting Status: Bids received from several qualified Tanzanian drilling contractors; contract expected to be locked in shortly, with drilling anticipated as early as February 2026.
• Qualified Person: Brian Thurston, P.Geo., technical advisor, has reviewed and approved the technical information per NI 43‑101 standards.

Notable Quotes

“The Company’s goal of targeting mineralization and fast‑tracking a drill campaign is now close to completion with 80 priority drill targets having been generated in only 4 months on the property… The results from the Technical Report indicate the high prospectivity for gold mineralization to be discovered on the Katoro property…” – Brian Thurston, P.Geo., Technical Advisor

Materiality Assessment: Material – Positive (significant new geophysical data and imminent drilling program indicating potential discovery of gold resources).