XXIX Metal to begin 6,000 m drill program at Opemiska

Executive Summary

• XXIX Metal Corp. will commence a up‑to‑34‑hole, 6,000 m drill program targeting the high‑grade Cooke Gold zone at the Opemiska project, with mobilization expected around Oct. 20, 2025.
• The program aims to define near‑surface gold and copper resources that could be accretive to Opemiska’s existing resource base of ~634 k oz indicated Au and ~419 k oz inferred Au.
• Cooke, a former Falconbridge underground gold mine, historically produced 1.97 Mt at 5.04 g/t Au and 0.66 % Cu, and retains up to 250 m of intact crown pillar offering potential for high‑grade near‑surface mineralization.

Key Details

• Drill Program Scope: Up to 34 holes totaling ~6,000 m; approximately 23 holes (4,500 m) allocated to Cooke Gold zone, remainder to the adjacent Chibougamau copper zone (~500 m north).
• Target Objectives: Test near‑surface gold and copper mineralization within the intact crown pillar; generate data to potentially expand Opemiska’s gold inventory beyond current indicated (62.7 Mt @ 0.31 g/t Au) and inferred (78.5 Mt @ 0.17 g/t Au) resources.
• Historical Production (Cooke): 1.97 Mt at 5.04 g/t Au and 0.66 % Cu; former underground gold mine with two parallel gold structures not previously mined to surface.
• Resource Context: Current Opemiska resource (June 2025 update) – indicated: 62.7 Mt @ 1.04 % CuEq; inferred: 78.4 Mt @ 0.41 % CuEq. Gold component totals ~634,000 oz (indicated) and ~419,000 oz (inferred).
• Geological Advantage: Approximately 250 m of intact crown pillar provides a “crown‑pillar” target for high‑grade, near‑surface gold; extensive Falconbridge historic data and recent reinterpretation support drill targeting.
• Mobilization Timeline: Expected start on or about October 20, 2025.
• Qualified Person (QP): Denis McNichols, P.Geo., Vice‑President Exploration, XXIX Metal Corp., reviewed and approved technical information per NI 43‑101.

Notable Quotes

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