Searchlight Resources Expands the Mari Lake High-Grade Gold Project

Searchlight Resources Inc. has expanded its Mari Lake high-grade gold project in the Flin Flon Mining District by staking an additional 38.3 square kilometers of claims. The total project area now stands at 43.1 square kilometers, significantly increasing the company's exposure along the Kississing River Shear Zone from 3.1 km to 7.0 km. The company retains a 100% interest in the new claims with no royalties attached.

Management plans to conduct a high-resolution airborne magnetic survey to guide future exploration, specifically targeting winter drilling programs. Historical exploration data from 1945 to 1986 indicates high-grade gold occurrences, including trench samples up to 1.28 oz/ton Au over 10 feet and pit samples up to 2.98 oz/ton Au. The project is located approximately 30 km north of Creighton, Saskatchewan, and 40 km north of the company's Bootleg Lake Gold Project.

Searchlight Resources Inc. (SCLT) has taken a routine, incremental step to consolidate its land position in the Flin Flon district. This expansion follows the initial staking of the Mari Lake property in April 2026 and a subsequent $1.1 million private placement in June 2026, which provided the capital necessary to execute the move.

The announcement does not introduce new geological data, resource estimates, or financial results. Instead, it merely extends the exploration footprint along a known shear zone. The impact on the stock price is expected to be neutral to slightly positive in the short term, as the development confirms management's active exploration phase without materially altering the near-term financial outlook or valuation.

Searchlight Resources Inc. (SCLT) is a mineral exploration company focused on high-grade gold projects in the Flin Flon Mining District of Saskatchewan/Manitoba. Its flagship assets include the Bootleg Lake property, which encompasses the historic Rio Mine, Henning Maloney, and Wekach deposits, as well as the Robinson Creek gold project. The company is also pursuing a project generation model for critical minerals, holding portfolios in uranium, copper, zinc, and rare earth elements (REE). Its strategic focus is on leveraging near-record gold prices to advance brownfield and greenfield targets, with plans to potentially combine processing infrastructure across nearby properties.