Red Pine Provides 2025 Highlights and Outlook for 2026 that Sets Path to Becoming a Producer with Long-Term Growth Opportunities

The news release dated January 20, 2026, serves as a comprehensive year-end wrap for 2025 and a strategic roadmap for 2026. Red Pine highlights the completion of 25,000 metres of drilling (15,000m step-out, 10,000m definition), which culminated in an updated Mineral Resource Estimate (MRE) of 842,000 ounces Indicated (1.8 g/t Au) and 843,000 ounces Inferred (1.6 g/t Au). Critically, the company has transitioned from pure exploration to development, selecting DRA Global to lead a Preliminary Economic Assessment (PEA) expected in early 2026. The 2026 outlook focuses on the PEA, advancing a Pre-Feasibility Study (PFS) for a staged open-pit development, and securing a toll milling agreement to minimize initial capital expenditures.

The impact is Material - Positive. The transition from a "drill-and-hope" exploration story to a development-focused "path to production" significantly changes the risk profile. - Resource Growth: The resource now totals approximately 1.7 Moz, providing the critical mass necessary for a meaningful mine life. - De-risking: The focus on near-surface open-pits and toll milling is a strategic shift to avoid the high CAPEX of building an on-site mill, which is often the death knell for junior miners in high-interest-rate environments. - Financial Validation: Closing $8.5M in mid-2025 provided the runway to reach the PEA milestone. - Execution: Management met all 2025 milestones, including resource updates and consultant selection, building credibility.

Red Pine’s flagship is the Wawa Gold Project in Ontario, Canada. It is a brownfield site with over 13,000m of existing underground development. The project is situated in the Michipicoten Greenstone Belt, adjacent to high-grade producers like the Island Gold Mine. The primary focus is the Jubilee Shear Zone, which hosts both bulk-tonnage open-pit potential and high-grade underground targets.