Paradigm Gold Receives 5 Year Drill Permit for Swift Katie Gold-Copper Property, BC

On November 25, 2025, Paradigm Gold announced it has received a 5-year drill permit for its flagship Swift Katie Gold-Copper Property in British Columbia. The permit is valid until the end of 2030. With the permit secured, the company is now preparing for a 2,000-meter drilling program scheduled for early 2026. The program will focus on expanding known gold mineralization at the Swift Target and will also include a surface program to generate new drill targets.

The receipt of a 5-year drill permit is a fundamentally positive and necessary step for Paradigm Gold. It removes a significant permitting hurdle and de-risks the project's timeline, allowing the company to proceed with its stated exploration plans. For an exploration-stage company, securing permits is a critical milestone that enables value-creation activities.

However, the positive nature of this news is severely diminished by the company's precarious financial situation. A drill permit is of little use without the capital to fund a drill program. Reviewing the historical news reveals a consistent and concerning narrative: - August 29, 2025: The company announced its intention to raise $1.05 million. - October 14, 2025: The company was forced to extend the closing of this financing, signaling a lack of investor interest. - November 13, 2025: The company managed to close only a small first tranche of $150,000, a fraction of its target. This is barely enough to cover immediate liabilities, let alone fund a meaningful exploration program.

The timeline for the drill program has also slipped from a planned start in Q4 2025 (mentioned in the September 24 AGM news) to "early 2026" in the current release. This delay is a direct consequence of the financing difficulties.

While the permit might slightly improve the company's ability to attract the remaining capital, the market's tepid response to the financing so far suggests a deep-seated skepticism. Therefore, the permit is a positive development on paper, but its practical impact is contingent on solving the much larger and more immediate problem of funding.

Paradigm Gold Corporation is a junior mineral exploration company focused on its 100%-owned Swift Katie Gold-Copper project in British Columbia. The project consists of 19 mineral claims covering approximately 8,797 hectares. It is an early-stage property with two primary targets: the Swift Gold target, characterized by historically drilled high-grade gold intercepts, and the Katie Copper-Gold porphyry target. The project is subject to a 3% Net Smelter Royalty (NSR), of which the company has options to buy back a total of 2%.