Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce SAGA’s geophysics team has confirmed a 3 km continuous magnetic anomaly in the Trapper zone that remains open in both directions along strike.

   Figure 1:    Radar Project’s Trapper Zone depicting a 3 km magnetic anomaly and oxide layering trend. The Trapper Trail (in black) will support a new diamond drilling program.  

  Michael Garagan, CGO & Director of SAGA, stated:   ‘Previous data from the regional aeromagnetic survey suggested two large anomalies existed within the Trapper zone, leading our teams to refer to the zone as north and south. Now, with the additional total magnetic intensity data, we can clearly see that we are dealing with one large, continuous anomaly, featuring our highest magnetic readings to date. This zone alone showcases a strike length and width comparable to those of notable other projects. The striking lateral continuity of the oxide layering in the Trapper Zone suggests that the layering is contiguous with the oxide layering identified in the Hawkeye Zone, adding further data to support a potential 20 km oxide layer strike.’  

   Figure 2:    Radar Project’s prospective oxide layering zone extends for an inferred 20 km strike length, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated    the reliability of the regional airborne magnetic surveys after ground-truthing and drilling    in the 2024 and 2025 field programs .

  Magnetic and VLF-EM Survey over the ‘Trapper Zone’  

A ground-based magnetic survey was conducted over both the northern and southern sections of the Trapper Zone during July 2025. The survey utilized two GSM-19 Magnetometers to collect magnetic-field and VLF-EM data (using VLF Transmitter Cutler).

The survey used a grid of N-S lines, spaced 50 m apart, with observations made at stations spaced 20 m apart along the lines. The tightly gridded stations map a distinct NW trend of magnetic highs that correlates well with the exposures of oxide layering.

In a similar fashion to the Hawkeye zone, SAGA’s geophysics team reports strong magnetic responses within the Trapper zone, requiring recalibration of the geophysical instruments. While readings exceeded 74,000 nT in the Hawkeye zone, at the Trapper zone, they observed responses as high as 115,498 nT over the northern Trapper zone and over 113,000 nT over the southern Trapper zone. In some cases, the instruments reached the maximum level of detection (120,000 nt).

   Figure 3:    A screenshot of the Magnetometer GSM-19 geophysical instrument recording 115,498 nT over the Tapper zone.  

  Trapper Zone Excavator Trenching – Confirmation in Bedrock of Magnetite Layering  

Early in this summer season, SAGA completed a 4 km access trail along the core of the Trapper zone, providing necessary access for future drill programs and exploration activities.

SAGA’s field team began follow-up of the Trapper zone magnetic responses in July. Gladiator Drilling’s 25-tonne excavator opened three trenches perpendicular to the inferred strike, exposing cumulate layers of semi-massive to massive vanadiferous titanomagnetite (‘VTM’) mineralization over a total of 504m ² (5,425ft ² ). See Figure 1. This strong confirmation of the magnetic responses is presently in its early stages and will require additional trenching and diamond drilling to delineate the dimensions of the gabbronorite/magnetite layering.

The Trapper zone is now confirmed as a similar occurrence to the Hawkeye zone, based on the early results of ground geophysical surveys and trenching. Taken together with the geophysical surveys and winter 2025 drilling results at the Hawkeye zone, the exploration potential of the 20 km long arcuate response of the regional aeromagnetic is confirmed. See Figure 2.

The high-definition details of the Trapper zone ground magnetic anomalies indicate multiple layers of the strongest magnetic layering and define additional detail to the regional magnetic responses. The pattern of magnetic anomalies indicates that the design of the next drilling and sampling phases should consider both the early geometry of the Dykes River Intrusive Complex and a later phase of open folding.

   Figure 4.1:    25-tonne excavator completing a trench in the Trapper zone over the oxide layering trend.

   Figure 4.2:    25-tonne excavator completing a trench in the Trapper zone over the oxide layering trend.  

  About the Radar Titanium Project  

Located just 10 km from Cartwright, Labrador, the 24,175-hectare Radar Titanium Project is supported by existing infrastructure, including road access, a deep-water port, an airstrip, and nearby hydroelectric power. The property completely encompasses the Dykes River Intrusive Complex, a previously underexplored layered mafic body.

With a large oxide layering thickness, a near-monomineralic vanadiferous titanomagnetite (‘VTM’) composition, and extensive mineral tenures, the Radar Titanium Project shows the potential to become a globally significant VTM project.

   Figure 5:    Radar Property map, depicting aeromagnetic anomalies, oxide layering and the site of the 2025 drill program. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is shown. SAGA has demonstrated    the reliability of the regional airborne magnetic surveys after ground-truthing and drilling    in the 2024 and 2025 field programs.  

  Michael Garagan, CGO & Director of SAGA continued:   ‘These geophysical findings further validate the importance of the team’s estimate that a 15,000-meter drill program can get us to our maiden drill-indicated mineral resource. With simple homogenous geochemistry, large oxide layers, seasoned experts supporting our technical analysis, upgraded infrastructure within the Trapper zone and strong provincial support through the JEA program we can fast track development and create meaningful value to shareholders in the near term at the Radar project.’  

  Continued Government Support  

SAGA’s Letter of Intent was approved under the JEA 2025 program as a Critical Minerals Primary Exploration Target, recognizing the Property’s alignment with provincial and federal priorities to secure domestic supplies of key metals. With up to $143,949 in non-dilutive funding already approved, this support continues to offset exploration costs while advancing shareholder value.

  Investor Relations Agreements  

In addition, SAGA has engaged Think Ink Marketing Data & Email Services (‘ Think Ink ‘) to provide corporate awareness and digital marketing services.

Think Ink will leverage its expertise in native and display advertising, video content distribution, social media coverage, and targeted email marketing to enhance the Company’s digital presence and expand market awareness. The Company has budgeted up to USD $100,000 (the ‘ Compensation ‘) for the 3-month agreement. The Compensation is payable in monthly installments. Either party may terminate the agreement with thirty (30) days’ written notice, and any portion of the Compensation already paid that remains unspent or uncommitted as of the effective date of termination shall be returned to the Company.

Compensation to Think Ink does not include any securities of the Company, and Think Ink does not hold any interest, directly or indirectly, in the Company. Think Ink is at arm’s length to the Company and has no relationship with the Company outside of this engagement.

Think Ink Data & Email Services, Inc., is a California-based marketing firm established in 1991 that provides its customers with a complete range of marketing services that span both digital and direct mail venues. With its digital services ranging from data appending, email marketing and pay-per-click online banner and native ads, Think Ink helps its clients to reach a network of potential investors.

For further information about Think Ink Marketing, please contact: Claire Stevens, 310-760-2616, 3308 W. Warner Ave, Santa Ana CA 92704, Email claire@thinkinkmarketing.com .

  Qualified Person  

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.

  About Saga Metals Corp.  

 Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U ₃ O ₈ and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.

  On Behalf of the Board of Directors  

  Mike Stier, Chief Executive Officer  

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

  Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  

  Cautionary Disclaimer  

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Figures accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/9841a97a-ca11-4546-abdf-5ffbe2d0f64b   
  https://www.globenewswire.com/NewsRoom/AttachmentNg/ea884fb4-3534-4d7d-a25a-d3e60557865e   
  https://www.globenewswire.com/NewsRoom/AttachmentNg/d30f8014-8d62-4f3c-82af-40d98cd92058   
  https://www.globenewswire.com/NewsRoom/AttachmentNg/ed7d7ce9-e2bb-42e3-9eb9-5794cb058e48   
  https://www.globenewswire.com/NewsRoom/AttachmentNg/39a28fc2-3a8b-4c82-b07d-8a1850438944   
  https://www.globenewswire.com/NewsRoom/AttachmentNg/9d067be1-0dfb-4ab3-bfaf-ed934cc0e0ee  

(TheNewswire)

      

VANCOUVER, BC TheNewswire – August 5, 2025 Heritage Mining Ltd. (CSE: HML) (‘ Heritage ‘ or the ‘ Company ‘) is pleased to announce that, further to its news release dated July 22, 2025, it has closed the first tranche of the non-brokered listed issuer financing exemption (‘ LIFE ‘) private placement of 17,687,714 units, of the max offering, 18,187,725 units (‘ Units ‘) at a price of $0.035 per Unit for gross proceeds of ~C$619,070, of the max offering, C$636,570 (the ‘ Offering ‘). The Company anticipates closing of final tranche in short order.

A non-brokered ‘best-efforts basis’ LIFE financing of up to 18,187,725 units (the ‘ LIFE Offering ‘) for gross proceeds of up to $635,570 for units of the Company (each, a ‘ Unit ‘) at a price of $0.035 per Unit, with each Unit being comprised of one (1) common share of the Company (each a ‘ Common Share ‘) and one (1) common share purchase warrant (a ‘ Warrant ‘) granting the holder the right to purchase one (1) additional Common Share of the Company (a ‘ Warrant Share ‘) at a price of $0.05 at any time on or before 36 months from the Closing Date (as defined herein), which securities shall be offered pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (‘ NI 45-106 ‘).

The Company paid an aggregate ~C$$43,335 in cash commissions and issued an aggregate 1,238,139 compensation options (the ‘ Compensation Options ‘) in connection with the Offering. Each Compensation Option entitles the holder to acquire one additional Unit at a price of $0.035 for a period of 36 months following the date of issuance.

Proceeds of the Offering will be used to fund the Company’s previously announced exploration and drilling program on its flagship Drayton-Black Lake Project and Contact Bay, in addition to general working capital .  

  ‘We are very pleased to have closed the first tranche of the LIFE Offering successfully and appreciate the continued support from both new and existing shareholders. Notably, we received lead orders totaling approximately $450,000, a strong endorsement from a strategic investor who share our long-term vision.  

  With the majority of our results from our 2025 exploration program still outstanding, we look forward to communicating results as they are received and reporting back shortly on our due diligence site visit to the Melba Project.’   Commented Peter Schloo, President, CEO, and Director of Heritage Mining Ltd.  

    ABOUT   HERITAGE   MINING   LTD.  

The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt. Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.

For further information, please contact:  

    Heritage   Mining   Ltd.  

Peter Schloo, CPA, CA, CFA President, CEO and Director Phone: (905) 505-0918

Email:   peter@heritagemining.ca   

  FORWARD-LOOKING   STATEMENTS  

This news release contains certain statements that constitute forward looking information within the meaning of applicable securities laws. These statements relate to future events of the Company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as ‘seek’, ‘anticipate’, ‘plan’, ‘continue’, ‘estimate’, ‘expect’, ‘forecast’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘targeting’, ‘intend’, ‘could’, ‘might’, ‘should’, ‘believe’, ‘outlook’ and similar expressions are not statements of historical fact and may be forward looking information. All statements, other than statements of historical fact, included herein are forward-looking statements.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company’s estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents,

risks related to geological uncertainties and variations; risks related to government and community support of the Company’s projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law.

This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States, or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and   prospective   purchasers.   Any   such   offering   will   be   made   in   reliance   upon   exemptions   from   the   prospectus   and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

  NOT   INTENDED   FOR   DISTRIBUTION   TO   UNITED   STATES   NEWS   WIRE   SERVICES   OR   FOR DISSEMINATION IN THE UNITED STATES  

Copyright (c) 2025 TheNewswire – All rights reserved.

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that the Company’s European subsidiary, Homerun Energy has entered into a collaboration agreement with Igraine PLC, an investing company focused on alternative energy and life sciences, to work jointly on the deployment of commercial alternative energy solutions in the United Kingdom.

Under the terms of the agreement, Igraine and Homerun will work together on the development of pilot projects focused on electric vehicle (EV) charging infrastructure integrated with battery energy storage systems (BESS). The parties will initially focus on developing a pilot for one of the UK’s largest automotive manufacturers, providing a combined charging and battery storage solution. In addition, the collaboration has already identified a pipeline of potential clients seeking to install commercial EV charging stations.

A key feature of these projects is that they are designed for rapid deployment. Unlike larger grid-scale battery installations, these integrated solutions can typically be implemented without the long planning timelines associated with major infrastructure projects, enabling a faster route to commercialisation.

The goal of this partnership is to establish a first-mover advantage in providing charging and energy storage solutions for major automotive manufacturers in the UK. By enabling these companies to build out a reliable charging network for their commercial customers, whereby the collaboration aims to help accelerate the uptake and sale of commercial electric and hybrid vehicles.

The collaboration from Igraine’s side will be led by Andy Brown, who brings over 30 years of experience in battery storage and energy systems. His expertise will be central in shaping the technical and commercial aspects of the UK pilot projects.

The initial phase of the collaboration will concentrate on identifying and developing a pilot site for a major automotive manufacturer, with the parties working jointly on technical feasibility, commercial modelling, and the evaluation of ancillary recurring revenue streams, including energy trading and operational management services. The agreement provides a framework for collaboration and does not create any binding financial commitments at this stage. The Parties have been in planning and customer solicitation collaboration for several months. Future commercial terms and structures will be set out in a definitive agreement as specific opportunities progress.

Simon Grant-Rennick, Chairman of Igraine PLC, commented: ‘This collaboration combines Igraine’s commercial reach with Homerun Energy’s technical expertise, and we are delighted to be advancing plans for a UK pilot with a leading automotive manufacturer, as well as addressing a growing pipeline of opportunities for supporting other commercial EV charging solutions. These projects provide a quicker route to market compared to large-scale energy storage developments and are designed to position us at the forefront of enabling the UK’s automotive sector to expand its commercial electric vehicle offering.’

Brian Leeners, CEO of Homerun Resources Inc., commented: ‘Working with Igraine over the past few months has demonstrated the speed at which solutions can be developed and deployed over our EMS Platform. Igraine has identified an initial broad commercial opportunity in the UK, where the industry demand is not being met. These resulting solutions can then be deployed to other markets where Homerun Energy has an established footprint. Homerun Energy Solutions is creating down-market pull on our vertically integrated energy transition strategy by controlling the customer relationship.’

About Homerun (www.homerunresources.com)

Homerun (TSXV: HMR,OTC:HMRFF) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:

Homerun Advanced Materials

• Utilizing Homerun’s robust supply of high purity silica sand and quartz silica materials to facilitate domestic and international sales of processed silica through the development of a 120,000 tpy processing plant.

• Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California – Davis.

Homerun Energy Solutions

• Building Latin America’s first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility and pioneering new solar technologies based on years of experience as an industry leader in developing photovoltaic technologies with a specialization in perovskite photovoltaics.

• European leader in the marketing, distribution and sales of alternative energy solutions into the commercial and industrial segments (B2B).

• Commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage and efficient energy use.

• Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company’s high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.

With six profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company’s HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.

Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.

On behalf of the Board of Directors of
Homerun Resources Inc.

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261270

Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to provide an overview of its upcoming exploration program at the Theory Project, Toodoggone Mining District, north-central British Columbia (the ‘Theory Project’).

The Theory Project borders Thesis Gold’s Ranch Project to the north and is located within 10 km to the northwest of Sun Summit’s JD Project. Sun Summit signed an option agreement (the ‘Option Agreement‘) with Eagle Plains Resources Ltd. to earn up to a 100% interest in 10,000 hectares of mineral claims in the highly prospective Toodoggone Mining District, British Columbia (for additional details, refer to the news release of the Company dated March 17, 2025).

‘It is exciting to embark on our first exploration season at the Theory Project. In recent days we have had a chance to visit potential targets of interest on the Theory Project and we look forward to beginning the initial work towards defining drill targets,’ said Niel Marotta, CEO of Sun Summit Minerals. ‘The Theory Project is very close to our flagship JD Project and we expect to benefit from the growing enthusiasm around the work being completed in the Toodoggone region by Sun Summit as well as other exploration activities on neighbouring properties in the district.’

Theory Project Exploration Program

The primary exploration goals at the Theory Project are to identify future drill targets through the continued compilation of historical results, project-wide remote sensing data acquisition followed by a field program consisting of prospecting, geological mapping, and geochemical sampling.

As per the Option Agreement the work program will be managed by TerraLogic under the supervision of Eagle Plains as operator, and will include:

• Continued detailed data compilation including rectification of extensive surface sampling, and reconnaissance mapping by Taiga between 1986 to 1989.
• Acquisition of district- and property-scale remote sensing data: focusing on VNIR and SWIR bands used to identify mineral groups that are diagnostic of epithermal and porphyry deposit associated alteration.
• A field program consisting of prospecting, detailed geological mapping, and rock, soil and silt geochemical sampling to assess the mineralization potential of the Theory Project.

Timeline: Exploration activities are anticipated to begin in late August and continue into September.

Figure 1. Map of the Toodoggone District showing the location of the Theory Project and JD Project in relation to other development and exploration projects. Data sourced from Thesis, TDG and Centerra’s corporate websites.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/261109_aa8ac4b424eddac7_001full.jpg

National Instrument 43-101 Disclosure and Disclaimer

This news release has been reviewed and approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a ‘Qualified Person’ as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill core and grab samples. Historical results are no indication of future results.

Community Engagement

Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.

About the Theory Project

The Theory Project comprises 23 mineral claims covering 9,676 hectares. The project is located in north-central B.C. within the Toodoggone Mining District, and is in close proximity with Sun Summit’s JD Project. The project area shares similar geology to the JD Project and Thesis Gold’s Ranch-Lawyers Projects. The project is helicopter-accessible and recent road upgrades completed in 2023 by Thesis Gold has brought road access to within 8 kilometres of the southern boundary of the Theory Project.

Geology in the Theory region is primarily comprised of lower Jurassic Hazelton Group volcanics (Toodoggone Formation, same host rock as the JD Project) which unconformably overlie late Triassic Takla Group volcanics. The entire package of volcanic and volcaniclastic rocks is intruded by late Triassic and early Jurassic stocks. The Jurassic-Triassic unconformity (~200 Ma), termed by the B.C. Geological Survey as the ‘red-line’, is observed throughout the Golden Triangle and Toodoggone regions to have a high spatial correlation to many known mineral deposits. The majority of the property encompasses this highly prospective contact.

About the JD Project

The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold’s Lawyers and Ranch projects, TDG Gold’s Baker-Shasta projects, Amarc Resources’ AuRORA project, Centerra Gold’s Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine.

The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.

The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.

About Sun Summit

Sun Summit Minerals (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion and advancement of district scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes the JD and Theory projects in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.

Further details are available at www.sunsummitminerals.com.

Link to Figures

Figure 1: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-1.jpg 

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. Forward-looking statements contained in this news release may include, but are not limited to the size and scope of the drill program at the JD Project and the Theory Project; the Company’s exploration plans and timing of said plans; how certain work is to be managed and what that work is to include; market and stakeholder reaction to certain works; and the potential for positive findings, if any, from the drill program. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the Company’s ability to complete the exploration plans as currently contemplated; risks inherent in exploration activities; the ability of the Company to find and verify any mineralization; volatility and sensitivity to market prices; fluctuations in metal prices. The forward-looking statements contained in this news release are made as of the date hereof or the dates specifically referenced in this news release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.

Neither the TSX Venture Exchange (the ‘TSXV‘) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261109

(TheNewswire)

Vancouver, British Columbia, August 5, 2025 TheNewswire – FinEx Metals Ltd. (TSX-V: FINX) (‘FinEx’ or the ‘Company’) is pleased to announce it has commenced diamond drilling on its 100% owned Ruoppa gold project, located in the Central Lapland Greenstone Belt of northern Finland.

  The initial drill campaign is expected to comprise approximately 2,500 metres of core drilling and is designed to test high-priority targets defined by earlier trenching and Top of Bedrock drilling.  Drilling will focus on the Ruoppa East area where a series of high-grade gold targets intermittently extend over approximately 2.7 km (Figure 1).  High-grade rock grab samples from trenches include 52 samples that returned values greater than 1 g/t Au with the highest value returning 95.1 g/t Au, within a broad zone of orogenic quartz veining extending over approximately 250 metres.  

  Tero Kosonen, Chairman and Chief Executive Officer of FinEx, comments:   ‘We are excited to commence our inaugural diamond drilling at Ruoppa, a significant milestone for FinEx.  The results from this program will greatly enhance our understanding of the project’s potential and help clarify the distribution and continuity of the gold-bearing veins at Ruoppa and within this highly prospective district.’  

    
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  Figure 1. Map of Ruoppa project area showing a series of high-grade gold targets that intermittently extend over approximately 2.7 km, and location of first-pass drilling where high-grade rock grab samples from trenches include 52 samples that returned values greater than 1 g/t Au with the highest value returning 95.1 g/t Au, within a broad zone of orogenic quartz veining extending over approximately 250 metres.  

    
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  Figure 2. First drill hole commences at Ruoppa gold project.  

  About the Ruoppa Project  

  The Company’s flagship Ruoppa project is situated in the Central Lapland Greenstone Belt in Finland, adjoining Agnico Eagle’s Kittilä mine land position, the largest gold mine in Europe, and in proximity to the land position that hosts Rupert Resources’ recent Ikkari discovery.  Previous work by FinEx identified a series of high-grade gold targets that extend over approximately 2.7 km.  High-grade rock grab samples from trenches include 52 samples above 1 g/t Au with the highest value measuring 95.1 g/t Au, within a zone extending over 250 m.  Ruoppa is fully permitted for drilling and a first-pass diamond drill program commenced in August 2025. For more information on the Ruoppa project, refer to the NI 43-101 Technical Report dated April 14, 2025, as filed on SEDAR+ at     www.sedarplus.ca.    

  About FinEx Metals Ltd.  

  FinEx Metals Ltd. (TSX-V: FINX) is a gold-focused mineral exploration company with a portfolio of 100% owned, royalty free projects near existing mining operations in the Central Lapland Greenstone Belt in Finland.  

  For more information, please visit the Company’s website at     www.finexmetals.net.    

  FinEx Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at     www.nqcapitalgroup.com.    

  Qualified Person  

  The scientific and technical information contained in this news release has been reviewed and approved by Dr. Petri Peltonen, MAusIMM(CP), EurGeol, a ‘Qualified Person’ (‘QP’) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen is not independent by reason of being a Contractor and Shareholder of the Company.  

  On Behalf of the Board of Directors  

  Tero Kosonen  

  Chairman and Chief Executive Officer  

  +1 (604) 681-9100  

    tero@finexmetals.net    

  For further information, please contact:  

  Brennan Zerb  

  Investor Relations Manager  

  +1 (778) 867-5016  

    mailto:bzerb@nqcapitalgroup.com    

  Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.  

  Forward-Looking Statements:  

    This news release includes certain forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed listing on the TSX Venture Exchange, future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as ‘pro forma’, ‘plans’, ‘expects’, ‘may’, ‘should’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, ‘believes’, ‘potential’ or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company’s exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company’s limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the   heading ‘Risk Factors’ in the Company’s prospectus dated June 13, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR+ website at www.sedarplus.ca.  

  Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.  

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