New Age Metals Acquires 17,620 Ha Double R Gold Project Near the Kenora and Rainy River District, Northwestern Ontario

Executive Summary

• New Age Metals Inc. acquired and consolidated the Double R Gold Project in Ontario, adding 834 mining claims covering ~17,620 ha to its portfolio.
• The land package is strategically located 35 km northwest of the Rainy River Mine and 17 km south of the Cameron Gold deposit, providing excellent access and infrastructure.
• The company outlined a phased 2026 exploration program and announced the establishment of a Kenora field operations hub to support regional exploration activities.

Key Details

• Acquisition Scope: 834 mining claims totaling ~17,620 ha (43,540 acres) in the Rainy River–Kenora gold district.
• Strategic Location: ~35 km NW of Rainy River Mine; ~17 km S of Cameron Gold deposit; 70 km from new Kenora Field Office.
• Infrastructure Access: Nearby Highway 71, logging roads, regional power infrastructure.
• Historical Data Highlights:
• Bulk till sampling (1990) reported up to 25 gold grains per sample.
• Historical grab samples showed up to 1.7 g/t Au (selective).
• Geological Setting: Underexplored Archean Wabigoon Subprovince greenstone belt with mafic‑to‑felsic metavolcanic rocks, quartz‑feldspar porphyry intrusions, and favorable structural features identified from airborne magnetic data.
• Exploration Rationale: Prospective for high‑grade vein‑style mineralization and broader intrusion‑related gold systems; limited modern systematic work to date.
• 2026 Exploration Program – Phase 1:
• Compile & reinterpret existing geological, geochemical, and geophysical data.
• Conduct regional geochemical sampling and targeted ground geophysics.
• Integrate airborne datasets, LiDAR, and remote sensing for structural modeling.
• 2026 Exploration Program – Phase 2 (contingent):
• Infill geochemical sampling, detailed mapping, prospecting to ground‑truth anomalies.
• Define drill‑ready targets based on Phase 1 results.
• Kenora Field Operations Hub:
• Leased office and core facility to support exploration across NW Ontario & Eastern Manitoba.
• Functions include staff workspace, secure equipment/storage, core handling/logging, crew staging, community engagement coordination.
• Open house scheduled for April 11, 2026; facility intended solely for exploration support (no processing).
• Community Relations: Company will engage local First Nations and pursue collaborative partnerships consistent with responsible exploration practices.
• Qualified Person: Troy Gallik, P.Geo., reviewed and approved the technical information under NI 43‑101.

Notable Quotes

“Northwestern Ontario continues to attract renewed investment and consolidation activity… Double R provides New Age Metals and our shareholders with exposure to a highly prospective gold district…” – Harry Barr, Chairman & CEO.