Grande Portage Resources Receives State of Alaska Regulatory Clearance for Road Easement

Grande Portage Resources Ltd. (GPG) received a favorable Regional Manager's Decision (RMD) for a State of Alaska road easement at its New Amalga Gold Project. The easement is structured in two phases: Phase One establishes a closer helicopter staging area, reducing shuttle distances by approximately 60% and enabling near-term exploration. Phase Two covers the remainder of the mine access road to the federal land border, which is contingent on future U.S. Forest Service (USFS) authorizations.

The project continues to pursue a selective underground mining model with off-site third-party processing, leveraging proximity to tidewater and existing highways. The technical disclosure is reviewed by Qualified Person Kyle Mehalek, P.E., and reiterates the July 2024 NI 43-101 resource estimate of 1.44 million ounces of indicated gold at 9.47 g/t.

Grande Portage Resources Ltd. (GPG) received approval for a standard regulatory milestone, a routine step for a pre-revenue explorer advancing infrastructure in Alaska. The company maintains its targeted 2031 production timeline and financial projections remain unchanged.

Phase One offers immediate logistical efficiencies for the ongoing 2026 drill program, while Phase Two remains explicitly contingent on federal NEPA/EIS approvals. This structure maintains the current permitting risk profile. The news is incremental and aligns with previously disclosed development plans, introducing no new capital, changing no offtake structure, and materially de-risking the project beyond routine permitting progress.

Grande Portage Resources Ltd. (GPG) is a pre-revenue junior focused on the New Amalga Gold Project, located approximately 25 km north of Juneau, Alaska, on the historic Juneau Gold Belt. The project features a high-grade gold-silver resource comprising 1.44 million ounces in the Indicated category and 0.52 million ounces in the Inferred category. The development concept utilizes a small-footprint underground mining strategy that relies on sensor-based ore sorting and third-party off-site processing, eliminating the need for an on-site mill, tailings storage facility, or permanent waste rock storage.

A February 2026 Preliminary Economic Assessment (PEA) outlines a 7-year mine life with an after-tax net present value (NPV) of $721 million at $3,200 per ounce of gold and $1.56 billion at $5,000 per ounce of gold. The company targets all state and federal authorizations by mid-2029, with construction commencing promptly thereafter and initial production aimed for 2031.