Fall Fieldwork Underway at Gold Finder's West Madsen Gold Project in Red Lake, Ontario

Gold Finder Resources Ltd. announced on October 29, 2025, that fall fieldwork is underway at its West Madsen Gold Project in Red Lake, Ontario. The program involves prospecting and soil sampling, aiming to follow up on positive geochemical results identified during the summer 2025 program. The company's objective is to delineate gold zones along an 8-kilometer trend that adjoins the Madsen Gold Mine property, specifically tracing the prospective Balmer-Confederation contact.

This news is a routine positive update for an exploration company, indicating ongoing activity on its flagship project. It demonstrates follow-through on previous exploration results and a systematic approach to target development, which is crucial for a junior explorer. The previous summer program at West Madsen yielded anomalous gold in soil samples (up to 228 ppb Au) and a rock grab sample of 438 ppb Au (0.438 g/t Au). The current fieldwork is a logical next step to further investigate these anomalies and the geological contact zone.

However, a critical assessment must also consider the company's financial health, as disclosed in its most recent audited annual financial statements (June 30, 2025), released on October 9, 2025. At that time, Gold Finder reported a cash balance of $288,799. Given a burn rate of approximately $64,000 per month (calculated from the change in cash between March 31, 2025, and June 30, 2025), the company has limited funds to sustain significant ongoing exploration activities without a near-term capital raise.

While the exploration work itself is a positive operational development, it simultaneously highlights the increasing cash burn and the impending need for further financing. The news does not provide new assay results or a discovery, but rather the commencement of further investigative work. The stock price experienced a significant spike on October 21, 2025, reaching an intraday high of $0.12 before retreating to $0.06 on October 28, the day before this news was released. This earlier price movement suggests market anticipation or speculative activity, rather than a direct, material response to the formal announcement of ongoing fieldwork. The news itself, in context, is a routine operational update, not a game-changer that significantly de-risks the investment or fundamentally changes the company's valuation.

Gold Finder Resources Ltd., formerly GoldON Resources Ltd., is a junior exploration company primarily focused on gold assets within the Red Lake Gold Camp in Northwestern Ontario, Canada. The company holds a portfolio of five 100% owned properties and one 40% interest.

Flagship Project: West Madsen Gold Project - Ownership: 100% owned. - Size: 5,936 hectares. - Location: Situated in the highly prospective Red Lake Gold Camp, directly adjoining the Madsen Mine property, which is owned by West Red Lake Gold Mines. The Madsen Mine recently restarted production in June 2025, producing 3,800 ounces of gold in July, with the mill ramping up. - Geological Significance: The property is considered highly prospective due to the presence of the Balmer-Confederation contact, a key geological feature that hosts significant gold resources on the adjacent Madsen Mine property, forming an approximately seven-kilometre-long gold trend. This contact has been observed on the West Madsen property and is within an approximately eight-kilometre corridor of disrupted regional magnetics. - Exploration History & Recent Work: - 2024 drilling campaign focused on following up on previous granodiorite intrusive intercepts and investigating geophysical targets. Results included anomalous gold (e.g., 0.539 g/t Au over 20.44m in metasediments in WM-24-05) and some copper. - Summer 2025 fieldwork (prospecting and soil sampling) identified new gold anomalies, including a rock grab sample up to 438 ppb Au and soil samples up to 228 ppb Au. These results indicated the Balmer-Confederation contact might be further south than previously mapped. - Fall 2025 fieldwork (the most recent news) is underway to follow up on these positive geochemical anomalies and further delineate gold zones along the prospective trend.

Other Key Projects: - Slate Falls Property: 100% owned, 5,100 hectares, with historical high-grade gold and silver results (grab samples up to 331.8 g/t Au and 3,025 g/t Ag; drilling up to 78.5 g/t Au and 73.7 g/t Ag over 0.24m). Target development fieldwork planned for 2025. - Pipestone Bay Property: 100% owned, 1,015 hectares, with a "drill-ready" 991 Zone and anomalous gold and copper in the Pipestone West area. Initial summer 2025 prospecting in the western part yielded low gold results (<74 ppb Au). - Pakwash North Property: 40% interest (3,105 hectares), adjacent to Kinross Gold's and BTU Metals' Dixie Halo and Bruce Lake properties, where Kinross commenced an 8,000-metre drill program. - McDonough Property: 100% owned, 1,054 hectares, contiguous with Evolution Mining's Slate Bay property. Recent data review identified new follow-up areas for mapping, prospecting, and soil sampling.