Apogee Minerals completes field program at Pine Channel

Executive Summary

• Apogee Minerals completed a joint field program with Eagle Plains Resources at the Pine Channel property, focusing on prospecting, geological mapping and sampling.
• Historical drill results from the property include several high‑grade gold intercepts (e.g., 407.96 g/t Au over 0.5 m) and a nickel‑copper occurrence, providing a basis for continued exploration.
• The 2025 program collected 64 rock samples; analytical results are pending, while the option agreement remains in place to earn an 80 % interest by meeting $3 M of spend, share issuance and cash payment milestones.

Key Details

• Program Scope: Prospecting and geological mapping managed by TerraLogic Exploration Inc.; 64 rock samples collected over six days; analytical results pending.
• Historical Highlights (SMDI data):
• Algold Bay – 63.5 g/t Au over 0.6 m (hole).
• North Norite Bay – 407.96 g/t Au over 0.5 m (hole).
• ELA – 39.96 g/t Au over 0.55 m (hole).
• Holes G‑1 & G‑3 – 3.20 g/t Au over 1 m (hole).
• Occurrence 6/8 – 90.6 g/t Au over 0.2 m (trench).
• Cole Lake Ni‑Cu – 0.45 % Ni over 7 m (hole) and 6.2 g/t Au, 0.01 % Ni, 0.06 % Cu over 3 m (trench).
• Historical Work: 6,066 m of diamond drilling in 115 historic holes; most holes <100 m length, thin‑diameter core.
• Geophysical & Remote Sensing: High‑resolution aeromagnetic, radiometric, LiDAR and orthophoto surveys conducted in 2022 and 2024 identified new target anomalies.
• Option Agreement (May 2021):
• Apogee may earn 80 % interest by:
  • Spending $3 M on exploration,
  • Issuing 2.2 M common shares to Eagle Plains,
  • Paying $150,000 cash over five years.
• Eagle Plains remains operator; 2 % NSR royalty held by Eagle Royalties with a 1 % buy‑back right for $1 M.
• Property Overview: 29 mineral dispositions covering 6,519 ha; accessible year‑round via float/ski aircraft; high‑voltage power line transects eastern/northern area.
• Qualified Person: Technical information reviewed and approved by C.C. Downie, P.Geo., director/officer of Eagle Plains (NI 43‑101).

Notable Quotes

(No direct quotes were provided in the release.)