ESGold Expands Montauban Land Position Following 3D Geological Model Identifying Potential District-Scale Mineralized Corridor

Executive Summary

• ESGold Corp. staked an additional 144 mining claims (~7,668 ha), bringing its Montauban land package to 417 claims covering ~20,618 ha (206 km²) – the largest contiguous tenure in the region.
• The staking follows completion of a new ambient noise tomography (ANT)‑based 3‑D geological model that identifies a deep, laterally extensive mineralized corridor extending to ~900 m depth and >2 km strike.
• ESGold will conduct an expanded ANT survey (~70 km²) and launch a targeted step‑out diamond drilling program to test high‑priority targets revealed by the model and the newly acquired ground.

Key Details

• New Claims: 144 additional claims, ~7,668 ha; total now 417 claims, ~20,618 ha (206 km²).
• Geological Model: ANT‑based 3‑D model shows a mineralized corridor extending to ~900 m depth and >2 km strike, open beyond current survey limits.
• Strategic Rationale: Securing ground adjacent to the modeled corridor to evaluate along‑strike extensions, parallel/stacked horizons, and structural corridors controlling fluid flow/mineral deposition.
• Exploration Plan – Next Phase:
• Expanded ANT geophysical survey covering ~70 km² to assess scale/continuity of the corridor.
• Integration of new ANT data with existing geological, geochemical, and structural datasets.
• Targeted step‑out diamond drilling program focused on high‑priority targets identified by the model and expanded geophysics.
• Production Outlook: Near‑term production from the Montauban tailings project is still expected to commence in 2026; exploration activities run in parallel.
• Historical Production (context): ~150,000 oz Au, 7 M oz Ag, 109,000 t Zn, 37,000 t Pb reported from historic mining at Montauban (NI 43‑101 report, Feb 4 2022).
• Qualified Person: André Gauthier, P.Geo., Director of ESGold, reviewed and approved technical content.

Notable Quotes

“The recently completed 3D geological model fundamentally changed our understanding of Montauban… The addition of nearly 76 square kilometres of strategically positioned ground … is aimed at providing the scale necessary to properly evaluate the potential extent of the mineralized corridor.” – Gordon Robb, CEO

Materiality Assessment: Material – Positive (significant expansion of land position and initiation of a new exploration program that could materially affect future resource delineation and company valuation).