Visionary Commences Phase 1 Exploration Drilling at the Gold/Copper/Zinc/Silver Pt. Leamington Deposit in Central Newfoundland

Executive Summary

• Visionary Copper and Gold Mines Inc. has commenced a fully‑funded 3,000 m Phase 1 exploration drill program at its 100% owned Pt. Leamington Project in Newfoundland.
• The program targets resource expansion, higher‑grade zones, and strike extensions that could significantly increase the existing gold‑copper‑zinc‑silver‑lead resource base.
• Concurrently, the Company granted 1,015,000 stock options at $0.80 exercise price and re‑priced/amended 261,667 insider options to the same price, subject to shareholder approval.

Key Details

• Drill Program: 3,000 m of drilling – first exploration at Pt. Leamington in over two decades; focuses on near‑surface high‑priority targets, strike extension southward, deeper footwall horizon, and copper stringer zones.
• Current Resources (for context):
• Pit‑constrained Indicated: 5.0 Mt @ 2.5 g/t AuEq → 402 koz AuEq (145.7 koz Au, 2.0 Moz Ag, 60.0 Mlb Cu, 153.5 Mlb Zn, 1.5 Mlb Pb).
• Pit‑constrained Inferred: 13.7 Mt @ 2.24 g/t AuEq → 986.5 koz AuEq (354.8 koz Au, 6.2 Moz Ag, 110.2 Mlb Cu, 527.3 Mlb Zn, 7.0 Mlb Pb).
• Out‑of‑pit Inferred: 1.7 Mt @ 3.06 g/t AuEq → 168.5 koz AuEq (65.4 koz Au, 1.4 Moz Ag, 13.3 Mlb Cu, 102.9 Mlb Zn, 2.6 Mlb Pb).
• Strike Extension Drilling: Planned hole ~200 m step‑out from historic PL‑072 (8.08 m @ 0.66 % Cu, 1.08 g/t Au, 0.44 % Zn, 4.76 g/t Ag). Goal to double strike length to ~1.2 km.
• Footwall Horizon (LFZ): >500 m strike extent, open at surface; historic intersections include PL‑004 (45.72 m @ 0.50 % Cu) and PL‑055 (36.28 m @ 0.40 % Cu). Potential for near‑surface resource growth.
• Copper Stringer Zone: Three holes planned across ~150 m of strike to test extensions that could add copper and gold within the pit shell.
• Stock Option Grant: 1,015,000 options issued to directors/officers/consultants at $0.80 exercise price; five‑year term.
• Option Re‑pricing & Extension (261,667 options):
• 126,667 options – from $3.11 to $0.80, expiry extended to 2032.
• 187,500 options – from $3.15 to $0.80, expiry extended to 2033.
• 10,000 options – from $3.00 to $0.80, expiry extended to 2033.
• Approvals Required: Disinterested shareholder approval and TSX Venture Exchange acceptance for the amendments.
• Qualified Person: Technical information reviewed by Aaryn Hutchins, P.Geo., independent consultant under NI 43‑101.

Notable Quotes

“We are excited to drill test high‑priority, near‑surface targets that our team has outlined.” – Max Porterfield, President & CEO

“Each target has the potential to significantly expand the sizable gold, copper, zinc and silver rich mineral resource already defined at Point Leamington.” – Max Porterfield, President & CEO