Cambria Gold Mines Announces 24.36 g/t Au over 6.3 Meters from Prew Zone; Announces Start of Infill Drilling at Big Missouri and Silver Coin Deposits

Cambria Gold Mines Inc. (CAMB) has reported 3,151 meters of underground infill drilling across 42 holes from the Prew Zone, a component of the Premier-Northern Light deposit at the Premier Gold Project in British Columbia. The drilling, conducted at an average spacing of 12.5 meters, is defining the continuity of greater-than-10 g/t gold shoots within a quartz-breccia sulfide domain.

The best intercepts, reported as core length with no true width stated, include:

• P26U-0023: 24.36 g/t Au over 6.3 m (including 76.70 g/t Au over 1.8 m)
• P26U-0026: 13.17 g/t Au over 10.6 m (including 64.66 g/t Au over 1.9 m)
• P26U-0033: 8.31 g/t Au over 11.0 m (including 22.13 g/t Au over 2.8 m)

The company noted numerous other intervals containing visible gold and grades exceeding 10 g/t Au. Phase 1 of the Prew Zone infill drilling is now complete, with assays for an additional 86 holes still pending. Drilling rigs have since moved to the Silver Coin and Big Missouri deposits.

Cambria Gold Mines Inc. (CAMB) has completed infill drilling at a known deposit as part of a 27,000 m program aimed at upgrading resources for a potential mill restart. The company reported strong grades, consistent with previous results from the Prew Zone since April 2026, which included 19.82 g/t over 5 m and a bonana grade of 483 g/t over 1 m.

The news is viewed as incremental rather than transformational.

Cambria is a development-stage explorer with no revenue and cash burn for care and maintenance, operating with a large share count of 368 million. While drill results can move the stock for a junior, significant movement typically requires material expansion of the resource envelope or proof of a new discovery. This release does neither.

Cambria Gold Mines Inc. (CAMB), formerly known as Ascot Resources, is a Canadian junior mining company focused on restarting the Premier gold mill in British Columbia’s Golden Triangle. The company’s portfolio includes the Premier Gold Project, which encompasses the Premier‑Northern Lights, Big Missouri, Silver Coin, and Dilworth deposits. This asset features a 2,500 tpd mill, grid power, and paved road access. Additionally, Cambria holds the Red Mountain deposit, a high‑grade underground resource located approximately 50 km away, containing 3.19 Mt M&I @ 7.63 g/t Au. The company plans to feed this deposit into the Premier mill via a new access road. The company also owns the Mt. Margaret deposit, a large, pre‑NI‑43‑101 porphyry copper‑gold deposit in Washington State, which is intended for spin‑out.

As of Q1 2026, the mill is under care and maintenance, with the company holding $131.8M in cash and reporting no revenue. A feasibility study update is targeted for Q4 2026. The company completed a major equity financing of $175M in late 2025‑early 2026.