Early Drilling Extends Gold Mineralization

Executive Summary

• Early drilling in the newly defined “826 Zone” of the Juby Gold Project extended known gold mineralization by up to 80 m and intersected visible gold, with hole JU826‑142 logging 20 visible gold occurrences over an 11‑m interval.
• Assays from previously unsampled historic core returned high‑grade intercepts, notably 7.2 g/t Au over 1.2 m (hole JU‑03‑36) and several sub‑gram‑per‑tonne hits that broaden the mineralized footprint of the Juby system.
• The company approved an additional 500–600 m of drilling in the 826 Zone and plans step‑out holes (~100 m) plus further work on Golden Lake and Juby zones to test continuity and depth extension.

Key Details

• Visible Gold: Hole JU826‑142 – 20 visible gold occurrences over an 11‑m interval starting at 33 m depth (assays pending).
• Assay Highlights – New Drilling (826 Zone):
• Hole JU826‑141 – 2.09 g/t Au over 4.17 m within a broader 0.70 g/t Au over 28.17 m interval (19.83–48.00 m).
• Assay Highlights – Previously Unsampled Core (2003‑2011):
• JU‑03‑36 – 7.22 g/t Au over 1.20 m (150–151.2 m depth).
• JU‑03‑31 – 0.65 g/t Au over 4.75 m (142–146.75 m).
• JU‑11‑112 – 0.77 g/t Au over 3.69 m (118–121.69 m) and 0.48 g/t Au over 4.60 m (152.2–156.8 m).
• Drilling Program Expansion: Company approved an additional 500‑600 m of drilling in the 826 Zone; step‑out holes spaced ~100 m are planned, plus two extra holes added immediately.
• Future Drilling Focus: After completing the 826 Zone, the next phases will target Golden Lake and Juby zones, emphasizing depth extension of mineralization.
• Technical Data (Collar & Composite): Provided for holes JU8‑25‑141, JU8‑26‑142, and composite intervals showing grades, true widths, and depths (e.g., 0.69 g/t Au over 28.17 m true width 21.9 m at –25.9 m).
• Qualified Person Review: Technical information reviewed and approved by Bob Kusins, P.Geo, and Mark Trevisiol, P.Eng., both NI 43‑101 Qualified Persons.

Notable Quotes

“Our team is extremely pleased with these early results from our exploration drilling… Demonstrating mineralized continuity so early in the program is very encouraging.” – Mark Trevisiol, CEO & Chairman, McFarlane Lake Mining Ltd.