Renforth Retains Specialist Geochemical Consultant for Victoria Ni Sulphide Polymetallic Deposit in Quebec

Executive Summary

• Renforth Resources appoints Dr. Haydon Mort as a Specialist Consultant to lead advanced geochemical analysis for the Victoria Ni‑Sulphide Polymetallic Deposit.
• The company announces a non‑brokered best‑efforts private placement of units to raise CAD 1 million at $0.025 per unit, each unit including one common share and one warrant (exercise price $0.05, 24‑month term).
• Dr. Mort’s work is aimed at de‑risking the next drill program by creating high‑resolution 3‑D lithogeochemical models to pinpoint blind targets for future drilling.

Key Details

• Consultant Appointment: Dr. Haydon Mort – 15 years experience in geochemistry; will conduct 3‑D lithogeochemical correlation, vectoring of data, and statistical “fingerprinting” to isolate nickel and zinc alteration halos at Victoria.
• Objective: Produce a high‑fidelity geological map to transition from general exploration drilling to precision targeting of the primary VMS vent hypothesized by Dr. Jim Franklin.
• Current Status: Permit pending for previously announced 3‑hole drill program; Dr. Mort will also design a separate blind‑target drill program.
• Financing Announcement: Private placement of units on a non‑brokered best‑efforts basis.
• Target Raise: CAD 1,000,000
• Unit Price: $0.025 per unit
• Unit Composition: 1 common share + 1 purchase warrant (right to buy an additional common share at $0.05 for 24 months after closing).
• Use of Proceeds (implied): Fund further exploration activities, including data integration and upcoming drill programs at the Victoria deposit.
• Qualified Person: Francis Newton, P.Geo OGQ, has reviewed and approved all technical content per NI 43‑101 standards.

Notable Quotes

“Bringing Dr. Mort and his geochemically driven exploration expertise into the fold allows us to pick up where Dr. Franklin unfortunately left off… we are essentially using Haydon’s several proficiencies to strip away the geological ‘noise’ and focus our search on the high‑grade ‘signal’ that we believe is lurking at depth.” – Nicole Brewster, President & CEO

Materiality Assessment: Material – Positive (the financing and strategic consultant appointment are expected to materially advance Renforth’s exploration program).