Gold Port Advances Access Strategy at Groete Gold Copper Project

Executive Summary

• Gold Port Corp. is pivoting from a contracted road‑construction approach to purchasing its own heavy equipment and completing the 13 km access road to the Groete Gold‑Copper project with internal staff.
• The newly acquired excavator and related equipment will also support the upcoming drill program, enabling faster mobilization of the MP Explorer track‑mounted core rig.
• Upon road completion, the company will redeploy a modular camp (currently in storage) and commence drilling to advance the NI 43‑101 inferred resource.

Key Details

• Road Access Plan: Approximately 13 km of dirt road, including bridge and drainage work, to be built by Gold Port using purchased heavy equipment rather than an external contractor.
• Equipment Acquisition: Purchase of an excavator and additional heavy‑equipment items; acquisition is in progress with mobilization expected “in the immediate future.”
• Staffing: Existing company staff will perform road construction, reducing reliance on third‑party contractors.
• Camp Redeployment: Modular camp stored in Guyana will be re‑structured and installed once road access is complete.
• Drill Program Preparation: The MP Explorer track‑mounted core rig will be moved to site post‑road completion; the same equipment will aid both road work and drilling operations.
• CEO Quote: Adrian F.C. Hobkirk emphasized that the equipment purchase is “the most cost and time‑effective approach” and critical for the upcoming drill program.
• Resource Context: The Groete Gold‑Copper project currently holds an inferred resource of 1.57 M gold‑equivalent ounces (74 Mt at 0.66 g/t Au‑CuEq) per a 2019 NI 43‑101 report.

Notable Quotes

“After consideration of existing proposals and ongoing issues with the previously announced construction, management determined the most cost and time‑effective approach is to conclude an equipment purchase and have the Company complete the access road. The new heavy support equipment will be vital to the successful completion of the upcoming drill program.” – Adrian F.C. Hobkirk, President & CEO

Materiality Assessment: Material – Positive (the update signals a strategic shift that could accelerate project development and improve cost efficiency).