Drilling at Juby Gold Project Intersects 95.4 metres(m) at 1.36 g/t gold

Executive Summary

• Diamond drilling at the Juby Gold Project intersected a significant gold zone: 55.4 m @ 1.96 g/t Au and 9.9 m @ 3.22 g/t Au within a broader 95.4 m @ 1.36 g/t Au interval at Golden Lake.
• The new intercept expands the mineralized envelope beyond the September 2025 NI 43‑101 resource estimate, adding potential to increase both indicated and inferred resources.
• Additional drilling is planned (13 holes, ~13,000 m) across Golden Lake, Juby, and 826 Zones, with a second diamond drill arriving in March 2026; environmental baseline work also underway.

Key Details

• Hole GL‑26‑71 (Golden Lake):
• Total intercept: 95.4 m @ 1.36 g/t Au (true width 75.6 m).
• Includes 55.4 m @ 1.96 g/t Au and 9.9 m @ 3.22 g/t Au.
• Resource Impact:
• Intercept lies outside the current NI 43‑101 resource envelope (effective 29 Sep 2025).
• Expands mineralization at Golden Lake and adds a new zone ~1.5 km from existing resources in the 826 Zone.
• Additional Drilling:
• Hole GL‑76‑72 (100 m SW of GL‑26‑71) currently drilling to test strike extension.
• Planned: 13 more holes along a SE/NW corridor at Golden Lake; total ~13,000 m planned for this phase.
• 826 Zone Update:
• Mineralized envelope now stretches ~300 m along strike; multiple intercepts listed (e.g., JU8‑26‑144 @ 0.83 g/t Au over 6 m).
• Operational Plans:
• Second diamond drill to commence second week of March 2026, focusing on Golden Lake for 6–8 weeks, then Juby and further 826 work.
• Groundwater baseline wells to be drilled in March for environmental permitting.
• Community Involvement:
• Drilling contracted through two firms partnered with Matachewan, Temagami, and Atikameksheng Anishnawbek First Nations.
• Quality Assurance/Control:
• Core handling, QA/QC protocols, and assay methods detailed; samples processed by MSA Labs (ISO/IEC 17025:2017 accredited).

Notable Quotes

“What we have intersected so early in the drill program is extremely encouraging… The intersection at Golden Lake significantly widens the mineralized envelope that defines the current mineral resource estimate.” – Mark Trevisiol, CEO & Chairman, McFarlane Lake Mining Ltd.