NovaRed Mining Proposes to Advance Wilmac Copper-Gold Project with 2026 Geophysical Program

Executive Summary

• NovaRed Mining received “No Permit Required” authorizations to conduct four IP/AMT geophysical surveys on its 100 % optioned Wilmac copper‑gold project in British Columbia.
• The 2026 program will cover the North Lamont, West Lamont, Wilmac and Plume grids, expanding and infilling geophysical coverage along Lamont Ridge to evaluate porphyry copper‑gold potential to depths >1,500 m.
• Completion of the Wilmac grid is prioritized because a partial 2025 survey identified a high‑chargeability anomaly associated with documented trench mineralization.

Key Details

• Authorization: “No Permit Required” for four combined Induced Polarization / Audio‑Magnetotelluric (IP/AMT) surveys.
• Survey Grids & Coverage:
• North Lamont: 7 lines, 1.36–2.53 km each; total ~14 line‑km; ~179 ha.
• West Lamont: 4 lines, 3.52–3.85 km each; total ~14.94 line‑km; ~222 ha.
• Wilmac (Priority): Full grid = 10 lines, 21.5 line‑km; ~371 ha. Partial 2025 work covered 5 lines (9.95 line‑km; ~195 ha) and identified a high‑chargeability anomaly linked to trench mineralization (copper up to 1.67 %). Remaining 5 lines slated for 2026.
• Plume: 9 lines, 1.73–4.19 km each; total ~29.53 line‑km; ~539 ha; targets extensive iron carbonate‑silica alteration zones.
• Methodology: Simultaneous IP (near‑surface chargeability) and AMT (deep resistivity) data acquisition using multi‑line receiver/transmitter sets; minimal ground disturbance, hand‑tool clearing only.
• Geological Context: Wilmac lies within the Quesnel porphyry belt, ~10 km west of Hudbay’s Copper Mountain Mine. Historical trenching documented porphyry‑style alteration and copper mineralization (average 0.639 % Cu across nine surface samples; peak 1.67 %).
• Previous Work: Completed Lamont Grid IP/AMT survey identified intrusive complex with high‑chargeability anomalies near surface and deep resistivity features, suggesting potential porphyry bodies.
• Forward‑Looking Statements: Program assumes availability of funding, permits, qualified personnel, favorable weather/access, and accurate geological models; risks include financing constraints, adverse conditions, regulatory changes, and exploration uncertainties.

Notable Quotes

“The 2026 geophysical program represents a significant step forward in systematically evaluating the porphyry copper‑gold potential along Lamont Ridge,” – Brian Goss, Chief Executive Officer.

Materiality Assessment: Non‑Material – Neutral (the release announces future exploration activities without disclosed financial results or definitive resource updates).