Homerun Energy USA, Inc. (‘Homerun’ or the ‘Company’) a newly formed 100% owned subsidiary of Homerun Resources, Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) is pleased to announce the engagement of Jiri Skopek as Corporate Development Advisor for the strategic development and commercialization of the Company’s Enduring Long Duration Energy Storage System (LDES) integrated with Homerun Energy’s Energy Management System (EMS).

This appointment follows the recently announced Intellectual Property Agreement between Homerun Energy USA, Inc. and the Alliance for Sustainable Energy, LLC, operator of the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL).

Building upon the two years of collaboration between Homerun and NREL, Mr. Skopek will provide advisory in the efforts to commercialize the LDES. The LDES is designed to provide sustainable heat and power through a dual-purpose architecture that combines silica-based energy storage with purification processing, achieving significant decarbonization and operational integration efficiency.

Under the commercialization plan, Homerun Energy will integrate its advanced AI energy management and control system (EMS). Homerun’s technology is designed to operate across devices and brands to optimize energy capture, maximize storage efficiency and enable smarter, more sustainable energy use. By integrating AI into the edge Hub and into the cloud, Homerun empowers the end-user to better monitor, control and predict energy generation, usage and needs, enhancing performance while reducing costs and environmental impact and enabling advanced services such as energy trading.

Alignment with the CleanTech Blueprint 2025

Mr. Skopek recently co-authored ‘The Future is Direct: Shift to DC Power Systems,’ a chapter in the CleanTech Blueprint 2025, a global collaboration led by LG NOVA and the Coalition for Innovation. The Blueprint outlines the transition from centralized AC grids toward digital, distributed DC systems, which deliver improved efficiency, reliability, and renewables integration. These insights align directly with Homerun’s commercialization model – combining enduring, sand-based energy storage with AI-managed distributed intelligence for next-generation microgrid applications.

Brian Leeners, CEO of Homerun, commented, ‘The engagement of Jiri Skopek comes at a pivotal time as the Enduring LDES advances from development into commercialization. Following our IP Agreement with NREL, Jiri’s experience and leadership will be instrumental in bringing these innovations to multiple global markets.’

Jiri Skopek added: ‘The convergence of materials, energy systems, and digital intelligence defines the future of clean power. Homerun’s platform uniquely integrates long-duration storage, silica technologies, and AI intelligence to deliver solutions capable of transforming industrial and grid-scale energy applications.’

About Jiri Skopek

Jiri Skopek is an architect, smart community planner, and leader in smart and sustainable development whose work has shaped buildings, communities, and national standards for more than three decades. As Managing Director of Sustainability at JLL, he advised corporate clients on greening large portfolios and led the smart-building transformation of federal buildings, a landmark deployment of analytics-driven operations in government real estate.

About Homerun (https://www.homerunenergy.com/ and https://homerunresources.com/)

Homerun Energy USA, Inc (Reno, NV) is a 100% subsidiary of Homerun Resources, Inc.

Homerun (TSXV: HMR,OTC:HMRFF) is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

• ⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.
• Solar: Development of Latin America’s first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.
• Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.
• ⁠Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.

With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

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/276611

Bold Ventures Inc. (TSXV: BOL,OTC:BVLDF) (the ‘Company’ or ‘Bold’) is pleased to announce the results of its Fall mechanical stripping and channel sampling program on its Burchell Copper-Gold Property (the ‘Property’), located within the Shebandowan Greenstone Belt approximately 100 km west of Thunder Bay, Ontario. Eight areas were stripped by excavator in the vicinity of the 111 Gold Zone, including the 111 Zone itself, and more than 400 channel samples and 80 grab samples were collected during the program. All gold results and most trace element results have now been received from the laboratory.

Highlights from the program include:

• The northernmost channel sample and grab sample at Stripped Area 1 (~17 m across strike from the main gold zone) were anomalous in gold (0.32 g/t Au over 1.0m channel and 0.44 g/t Au grab sample), indicating a possible subparallel gold zone and the need to expand the stripping to the north.
• Widespread zinc and gold anomalies, with local copper and lead anomalies, at multiple stripped areas including the 111 Zone. Apparent zonation from south to north at the 111 Zone from dominantly zinc to copper to gold across a total discontinuous mineralized width of 29 meters in the central part of the zone. Stripped Area 4 approximately 500 meters west of the 111 Zone returned 0.13 g/t Au and 0.7% Zn over 4.3 meters including 0.30 g/t Au and 3.1% Zn over 0.8 meters.

Identification of three areas where additional mechanical stripping is warranted in advance of drilling: Stripped Areas 1, 6 1nd 7, see Figure 1.

Significant results from each stripped area are presented below. The results are summarized in Figure 1 and Figure 2 displays a detailed map of channel sampling results at Stripped Area 1 (the 111 Zone). Table 1 gives the UTM coordinates, lengths, orientations and grades of channel samples at the 111 Zone and select channel samples at other stripped areas. Channel sample widths reported are apparent widths. Table 2 gives relevant information on select grab samples collected at the stripped areas.

Stripped Area 1:

Target: the 111 Zone, 68 g/t Au grab sample.

Results: Identification of an envelope of discontinuous anomalous gold mineralization with maximum width of 14 meters. Channel samples include 2.1 g/t Au over 1.0 m, 1.4 g/t Au over 1.0 m, 1.7 g/t Au over 0.55 m, and 2.1 g/t Au over 0.5 m (previously reported on September 11, 2025). Higher-grade values tend to occur on either side of a 2-meter wide QFP sill which is strongly fractured and outcrops poorly. The host rocks appear to be silicified mafic to intermediate metavolcanic rocks, transitioning to more intermediate to the northwest. One grab sample of exposed outcrop returned 8.0 g/t Au with others returning 2.0 g/t Au and 1.0 g/t Au. Earlier in the season an additional high-grade result of 32.4 g/t Au, previously unreported, was obtained from a slab of subcrop near to where the 68 g/t Au sample had been discovered (see January 9, 2025 news release). The northern-most channel sample in the stripped area (~17 m across strike from the main gold zone) returned 0.32 g/t Au over 1.0 m, and a grab sample returned 0.44 g/t Au, suggestive of a parallel zone to the north which should be stripped back further. Multiple samples of anomalous zinc mineralization were also obtained, generally marginal to or outside of the envelope of anomalous gold mineralization. Intervals include 0.87% Zn over 0.55 m and 0.34% Zn over 2.25 m. Local copper anomalies were also obtained, with a maximum of 0.34% Cu over 0.85 m and a broader interval of 0.15% Cu over 5.9 m. There appears to be zonation from south to north from dominantly zinc to copper to gold across an overall discontinuous mineralized width of approximately 29 meters in the central part of the zone.

Stripped Area 2:

Target: Grab sample of 5 cm quartz vein which returned values of 300 g/t Ag, 0.93 g/t Au, 0.54% Pb and 0.19% Zn.

Results: No significant channel sampling results were obtained. An additional grab sample of the veining earlier in the season returned a previously unreported value of 125 g/t Ag with 0.43 g/t Au and 0.18% Pb.

Stripped Area 3:

Target: 70 ppb Au soil sample.

Results: A zone of altered volcanic rocks intruded by three subparallel porphyry sills was uncovered. One interval returned 0.56 g/t Au, 0.55% Zn and 0.23% Pb over 1.3 meters, including 0.91 g/t Au, 0.78% Zn and 0.33% Pb over 0.73 meters, within the volcanic rocks. An additional interval within the volcanic rocks returned 0.11 g/t Au over 1.8 meters, and an interval within one of the QFP sills returned 0.16 g/t Au over 1.0 meters.

Stripped Area 4:

Target: 0.21 g/t Au grab sample.

Results: A zone of altered volcanic rocks and quartz sericite schist intruded by a QFP sill was uncovered, similar in appearance to the 111 Zone. One channel sample near the porphyry returned 0.20 g/ Au over 0.8 m. However, approximately 30 m further to the southeast, altered volcanic rocks returned 0.13 g/t Au and 0.7% Zn over 4.3 meters including 0.30 g/t Au and 3.1% Zn over 0.8 meters. Trace element results are pending for about half of the channel samples at this stripped area.

Stripped Area 5:

Target: Grab sample of quartz sericite schist which returned 0.21 g/t Au with 1.34% Zn and 0.36% Pb.

Results: A zone of altered mafic to intermediate volcanic rocks and quartz sericite schist was uncovered. One grab sample of a 1-2 cm veinlet of massive pyrite returned 2.9 g/t Au. One channel sample returned 0.12 g/t Au over 0.95 meters. Several samples returned anomalous zinc and lead results, with intervals including: 0.28% Zn & 0.11% Pb over 1.1 m; 0.97% Zn & 0.06% Pb over 1.0 m; and 0.19% Zn & 0.11% Pb over 2.45 m.

Stripped Area 6:

Target: 301 ppb Au soil anomaly.

Results: A sheared intermediate intrusive / porphyry unit was uncovered, at least 5 meters in width. One sample of quartz flooded material with 1-2% pyrite along a narrow shear returned 0.12 g/t Au. In light of knowledge gained at the 111 Zone, the margins of the intrusive unit should be stripped back further up the hill to the southeast to determine if there is a gold zone on the flank of the intrusive, which may be responsible for the soil anomaly.

Stripped Area 7:

Target: 647 ppb Au soil anomaly.

Results: A zone of strongly sheared mafic / intermediate fragmental rocks was uncovered, intruded by a <1 m folded intermediate intrusive dike with sparse potassic stringers containing minor chalcopyrite. No significant channel sample results were obtained. However, following the channel sampling program, subcrop of QFP was discovered approximately 10-15 meters across strike to the southeast and slightly uphill from the stripped area. This area should be further stripped to expose any potential gold zone flanking the porphyry unit, which may be responsible for the gold anomaly. Trace element results are pending from the channel sampling.

Stripped Area 8:

Target: Grab sample of quartz sericite schist which returned 0.41 g/t Au and 1.5% Cu.

Results: A zone of sheared quartz sericite schist was uncovered. A channel sample of the original showing returned 0.5 g/t Au over 0.1 m, but otherwise there were no significant channel sample gold results. Trace element results are pending.

Bruce MacLachlan, president and COO of Bold Ventures, said of the results: ‘The mechanical stripping and channel sampling program uncovered broad, widespread gold and base metal mineralization and gave us a better understanding of the geological controls on mineralization. The program set us up for a second phase of stripping before year-end followed by a first phase of drilling this winter. We are in the early days of exploring a major, previously unexplored mineralizing system with no known drillholes that appears to stretch at least 3 km on the property and may extend past the western boundary of the property. We are excited to drill the first ever drillholes into this system and see what we come up with.’

QAQC Protocols

Rock samples were collected, documented and photographed in the field, then placed in sealed bags and delivered to Activation Laboratories (ActLabs) in Thunder Bay, which is an ISO / IEC 17025 accredited laboratory. Rock sample collection is subject to Bold’s internal quality assurance / quality control (QAQC) protocols, which include the insertion of blank material and certified reference material into each batch of grab samples submitted, and at regular sampling intervals in the case of channel samples. Sample duplicates were also collected of channel samples at regular intervals. Rock samples referenced in this news release were analyzed using ActLabs methods 1A2-50, a 50g fire assay with atomic absorption finish, and 1F2, a total digestion with ICP-OES finish for trace elements.

The technical information in this news release was reviewed and approved by Coleman Robertson, B.Sc., P. Geo., the Company’s V.P. of Exploration and a qualified person (QP) for the purposes of NI 43-101.

Bold Ventures management believes our suite of Battery, Critical and Precious Metals exploration projects are an ideal combination of exploration potential meeting future demand. Our target commodities are comprised of: Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd) and Chromium (Cr). The Critical Metals list and a description of the Provincial and Federal electrification plans are posted on the Bold Critical and Battery Minerals page.

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multi-metals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

Neither TSX Venture Exchange nor its Regulation Services 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 Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276617

VANCOUVER, BC / ACCESS Newswire / December 2, 2025 / Electric Royalties Ltd. (TSXV:ELEC,OTC:ELECF)(OTCQB:ELECF) (‘Electric Royalties’ or the ‘Company’) is pleased to provide an update on growing revenues and progress within its copper royalty portfolio.

Electric Royalties CEO Brendan Yurik commented: ‘We are pleased to announce the receipt of C$253,359 in revenues since our December 2024 royalty acquisition of the Punitaqui Copper Mine in Chile, with additional revenues expected in the fourth quarter of 2025. We are very encouraged by the ongoing ramp-up at Punitaqui – an increase in production there directly supports higher royalty revenues for our Company, strengthening our cash flow and underpinning our growth strategy.

‘Meanwhile, the new operator at the Zonia Copper Project in Arizona, Edge Copper Corporation, has received funding of C$17 million to leverage proprietary AI-driven exploration methods to expand Zonia’s resource further and complete a pre-feasibility study. The new ownership team and investment provide confidence that Zonia will emerge as a leading U.S.-based copper project at a time when copper has been formally recognized as a critical mineral by the U.S. government. Copper’s inclusion on the official U.S. Geological Survey critical minerals list grants copper projects access to streamlined permitting, potential federal funding, and tax incentives.

‘At the Millennium Copper-Cobalt Project in Australia, the commencement of diamond drilling to target high-grade graphite – sitting on top of and adjacent to an existing cobalt-copper-gold resource – underscores the project’s position as a critical minerals asset in a readily accessible mining district near Cloncurry, Queensland.

‘We will soon report on progress as to other royalties and metals within our portfolio of high-value critical minerals projects. Having recently optimized our company overhead expenses, our primary focus remains on maximizing both near-term royalties and long-term value creation.’

Additional details on recent developments within our portfolio of copper royalties include:

Alan Roberts, a Certified Professional Geologist (‘CPG’) # 11260 by the American Institute of Professional Geologists, and a qualified person, who is not independent of Electric Royalties, has reviewed and approved the technical information contained in this release.

About Electric Royalties Ltd.

Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution.

Electric Royalties has a growing portfolio of 43 royalties in lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper across the world. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades toward a decarbonized global economy.

Company Contact

Brendan Yurik
CEO, Electric Royalties Ltd.
Phone: (604) 364‐3540
Email: Brendan.yurik@electricroyalties.com
https://www.electricroyalties.com/

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward-Looking Information and Other Company Information

This news release includes forward-looking information and forward-looking statements (collectively, ‘forward-looking information’) with respect to the Company within the meaning of Canadian securities laws. This news release includes information regarding other companies and projects owned by such other companies in which the Company holds a royalty interest, based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information, and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information. Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company’s future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or these projects to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the mining industry generally, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations, and the other risks.

The reader is referred to the Company’s most recent filings on SEDAR+ as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company’s profile page at sedarplus.ca and at otcmarkets.com.

SOURCE: Electric Royalties Ltd.

View the original press release on ACCESS Newswire

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF ) (‘ Rio Silver ‘ or the ‘ Company ‘) is pleased to announce that its Peruvian subsidiary, Rio Plata S.A.C., has acquired the Santa Rita Pb-Zn-Ag Property, a highly prospective exploration target with extensive historical workings and strong silver-lead-zinc showings in Central Peru.

A representative sample has been submitted for metallurgical testing, which is now underway. Historical work completed by previous operators has guided Rio Silver’s internal evaluation, and the Company will provide further disclosure as the metallurgical review advances toward completion.

Santa Rita was secured through a closed-bid auction for USD $130,000.00, a process that grants the winner a clear and unencumbered title. Rio Plata was the successful bidder and is now proceeding through Peru’s standard title confirmation process, expected to take approximately two to three months. The property comprises 570 hectares and lies within one of Peru’s richest mineral belts.

Strategic Location in a Premier Silver Belt

Santa Rita is situated approximately 200 km ESE of Lima, with road access from two directions and in close proximity to significant regional silver-lead-zinc operations. The project is located:

• 55 km northwest of Rio Silver’s flagship Maria Norte Au-Ag-Pb-Zn Project , and
• 14 km southwest of Kuya Silver’s producing Bethania Mine (TSX-V: KUYA) .

This corridor hosts a concentration of long-life underground operations, carbonate-replacement deposits (‘CRDs’), and active processing capabilities, making it one of the most productive polymetallic regions in Peru.

Geology and Historical Work

Extensive exploration was conducted at Santa Rita by Inca Minerals between 2016 and 2020 under an option agreement that was subsequently relinquished due to rising underlying payments—not geological limitations. Following non-payment of annual taxes, the area reverted to the state in 2024 and became available for new application in mid-2025, at which point Rio Plata secured it.

Historical work identified Santa Rita as a Carbonate Replacement Deposit (CRD) system characterized by:

• 20+ steeply dipping east-west veins ,
• Intersecting shallow-dipping mantos

Two priority zones were highlighted—Humaspunco East and Humaspunco South—with mineralization hosted within carbonate sequences.

A Strengthened District-Scale Vision

‘Santa Rita sits in the same mineralized corridor as our principal Maria Norte Project, and its acquisition meaningfully expands our footprint within what we see as an emerging silver district in Central Peru,’ said Chris Verrico, President and CEO of Rio Silver. ‘Securing this project through a clean, closed-bid process gives us 100% ownership with no underlying royalties or option obligations, which aligns perfectly with the disciplined approach we are taking across our portfolio. The reported high-grade CRD veins currently being confirmed by our field team reinforce the near-term development potential we are targeting, and Santa Rita adds another important building block as we advance our strategy to establish Rio Silver as a pure-play silver developer in one of the world’s most prolific jurisdictions.’

Next Steps for Rio Silver

• Pending Approval of Maria Norte Acquisition: The Company looks forward to announcing the formal closing of the Maria Norte transaction upon TSX Venture Exchange approval, which will enable immediate commencement of planned fieldwork and early development activities.

• Metallurgical Testing Underway: A representative sample from the Santa Rita Project is currently undergoing metallurgical evaluation, and the Company anticipates providing an update as the review advances toward completion.

• Near Term Development Pathway: Preparations are underway for initial onsite work programs including camp installation, portal access upgrades, and explosives permitting. These steps support Peru’s established exploration and exploitation model and allow development to advance alongside exploration and resource definition.

• Infrastructure and Cost Advantages: Both Maria Norte and Santa Rita benefit from proximity to multiple regional processing facilities within trucking distance, providing an opportunity to advance high grade silver assets quickly and at comparatively lower capital intensity.

• Strong Exploration and Market Tailwinds: With high grade CRD and vein systems identified across both projects and further target refinement underway, the Company is positioned to advance exploration in a period of record high silver prices and tightening global supply, creating meaningful upside exploration potential as work progresses expediently.

Why This Matters to Investors

The addition of Santa Rita further positions Rio Silver at the center of one of Peru’s most prospective silver-lead-zinc regions. The project offers:

• High-grade CRD mineralization with strong Ag-Pb-Zn values,
• Low-entry cost and 100% ownership with no royalties,
• Road access and proximity to producing mines and processing centers,
• Geological continuity with the mineralized belt hosting Maria Norte,
• A scalable platform for district-wide growth with synergies between projects.

Together with Maria Norte, the addition of Santa Rita accelerates Rio Silver’s evolution into a pure play, district focused silver developer in one of the world’s premier silver jurisdictions. These assets establish a foundation with meaningful exploration upside and clear pathways for near term advancement.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Jeffrey Reeder, P.Geo., a Qualified Person as defined by National Instrument 43-101. Mr. Reeder acts as an independent advisor and consultant to Rio Silver Inc. and is also a shareholder of the Company.

About Rio Silver Inc.

Rio Silver Inc. (TSX-V: RYO | OTC: RYOOF) is a Canadian resource company advancing high-grade, silver-dominant assets in Peru, the world’s second-largest silver producer. The Company is focused on near-term development opportunities within proven mineral belts and is supported by a seasoned technical and operational team with deep experience in Peruvian geology, underground mining, and district-scale exploration. With a clear development strategy, and a growing portfolio of highly prospective silver assets, Rio Silver is establishing the foundation to become one of Peru’s next emerging silver producers.
Learn more at www.riosilverinc.com

ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.

Chris Verrico
Director, President and Chief Executive Officer

To learn more or engage directly with the Company, please contact:

Christopher Verrico, President and CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

Cautionary Note Regarding Forward-Looking Information

This news release contains ‘forward-looking statements’ within the meaning of applicable Canadian securities laws. All statements in this release that are not historical facts are forward-looking statements and are based on expectations and assumptions as of the date of this release. Forward-looking statements relate to future events or performance and include, but are not limited to, statements regarding the Company’s planned exploration and development activities at the Maria Norte Project, expected timelines for regulatory approvals, future work programs, engagement with local stakeholders, geological interpretations, and the Company’s ability to advance its assets toward potential development.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to, operational risks, regulatory risks, geological uncertainties, availability of financing, community and social risks, commodity-price fluctuations, and general economic conditions. Additional risks are described in the Company’s filings available on SEDAR+ at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking statements. Rio Silver does not undertake to update forward-looking statements except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce the fifth batch of results from the fully funded 100,000-m drilling program (2 drill rigs), for the Contact Sector and more precisely, the North Contact Zone (″ NCZ ″), on its 100%-owned Cadillac Project, located in Val-d’Or (Abitibi, Quebec). The NCZ consists of three parallel high-grade gold zones: NCZ1, NCZ2 and NCZ3, spaced approximately 50 m apart.

Strategic Highlights from Contact Sector

Drill Hole Results of NCZ (Figures 1 & 2)

• CA25-551 intersected 16.2 g/t Au over 3.5 m included in 5.9 g/t Au over 11.0 m (NCZ3).
• CA25-546 graded 57.8 g/t Au over 0.5 m included in 16.1 g/t Au over 2.0 m (NCZ3).
• CA25-544 intersected 1.0 g/t Au over 16.0 m (NCZ3).
• CA25-546 graded 29.7 g/t Au over 0.7 m (NCZ1).
• CA25-551 reported 11.6 g/t Au over 1.0 m (NCZ2).

Significance for Investors

• Recent drilling results continue to clearly demonstrate the presence of a shallow and extensive mineralized system (400 m in strike length by 300 m in depth), hosting multiple stacked high-grade gold zones with significant grades , widths and continuity .
• The newly identified Héva Fault Zone confirms the gold system remains robust and open in all directions , suggesting significant expansion potential .
• The combination of exposed bedrock , minimal overburden (5 m) and proximity to year-round road access (250 m) positions NCZ as a highly strategic asset for potential shallow operation scenarios .

Next Steps

• Upcoming exploration drilling is planned to test several new high-priority regional targets along strike of the Contact Sector, backed by detailed structural and geological modelling and VRIFY’s artificial intelligence (AI) driven targeting , reinforcing the potential for additional gold discoveries .
• Advancing work on the new Nordeau Sector where initial mineralized showings have already been identified, but poorly tested and defined. Further drilling is expected to significantly refine the geological model and determine the gold enrichment .

‘ With the release of its fourth batch of results at the NCZ, we have again exceeded expectations confirming the strength and continuity of this high-grade gold system and reinforcing the strategic importance of directing exploration efforts at this sector. The Contact Sector clearly merits an expanded drilling program to obtain a more comprehensive evaluation of its gold potential. ‘ – Philippe Cloutier, President and CEO of Cartier.

‘ The newly identified Héva Fault Zone is emerging as a highly promising growth opportunity. The first drill holes more than 500 m east of NCZ have already intersected visible gold, confirming the corridor’s continuity and potential scale. Early regional drilling results are very encouraging, and with more than 5 km of untested ground still open to the east, this sector offers significant upside for additional gold discoveries . ‘ – Ronan Deroff, Vice President Exploration of Cartier.

Figure 1 : Plan view, cross and long sections of the Contact Sector

Figure 2 : Photos of the drill core from hole CA25-551

Table 1 : Drill hole best assay results from Contact Sector

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 60-85 % of the reported core length intervals.

Contact Sector

The Contact Sector is a highly prospective area featuring the North Contact Zone and several newly defined high-priority drill targets.

The NCZ lies along an east-west trending, strongly sheared corridor (Héva Fault Zone), situated approximately 900 m north of the Cadillac Fault Zone, and occurs at the contact between the hanging wall mafic to intermediate volcanics (basalt to andesite) of Louvicourt Group and the footwall turbiditic sedimentary rocks (wacke-mudrock) of Cadillac Group. This lithological contact is a favorable horizon for hydrothermal fluid flow, likely related to synvolcanic gold deposition.

The NCZ, defined by at least three parallel gold-rich zones, are typically and primarily associated with a fine-grained and disseminated arsenopyrite-pyrrhotite mineralization, with a pervasive biotite-chlorite-carbonate alteration, all crosscut by late-stage smoky quartz vein and veinlet stockworks containing visible gold. Locally, accessory minerals such as sphalerite, galena and tourmaline are observed.

Milestones of 2025-2027 Exploration Program

100,000 m Drilling Program (Q3 2025 to Q2 2027)

The ambitious 600-hole drilling program will both expand known gold zones and test new shallow surface high-potential targets. The objective is to unlock the camp-scale, high-grade gold potential along the 15 km Cadillac Fault Zone. It is important to note that Cartier’s recent consolidation of this large land holding offers the unique opportunity in over 90 years for unrestricted exploration.

Environmental Baseline Studies & Economic Evaluation of Chimo mine tailings (Q3 2025 to Q3 2026)

The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization. The initial baseline studies will provide a comprehensive understanding of the current environmental conditions and implement operations that minimize environmental impact while optimizing the economic potential of the project. These studies will be supplemented by an initial assessment of the economic potential of the past-producing Chimo mine tailings to determine whether a quantity of gold can be extracted economically.

Metallurgical Sampling and Testwork Program (Q4 2025 to Q1 2026)

The metallurgical testwork program includes defining of expected gold recovery rates and improving historical results from the Chimo deposit, as well as establishing metallurgical recovery data for the first-time for the East Chimo and West Nordeau satellite deposits, where no previous data exists. This comprehensive program will characterize the mineralized material, gold recovery potential and validate optimal grind size defining the most efficient and cost-effective flowsheet. The data generated will directly support optimized project development and have the potential to significantly reduce both capital and operating costs, while also improving the environmental footprint.

Mineral Resource Estimate Update (Q4 2025 to Q1 2026)

The upcoming gold resource update will, for the first time, consolidate all mineralized zones across the entire project, providing a more complete picture of its growth potential. This update will integrate the current resource with over 52,000 meters of drilling completed by Cartier between 2022 and 2024, as well as all data from the historic East Cadillac property.

Table 2 : Drill hole collar coordinates from Contact Sector

Table 3 : Drill hole detailed assay results from Contact Sector

* Occurrences of visible gold (VG) have been noted in the drill core at various intervals. ** Based on the observed intercept angles within the drill core, true thicknesses are estimated to represent approximately 60-85 % of the reported core length intervals.

Quality Assurance and Quality Control (QA/QC) Program

The drill core from the Cadillac Project is NQ-size and, upon receipt from the drill rig, is described and sampled by Cartier geologists. Core is sawn in half, with one half labelled, bagged and submitted for analysis and the other half retained and stored at Cartier’s coreshack facilities located in Val-d’Or, Quebec, for future reference and verification. As part of Quality Assurance and Quality Control (QA/QC) program, Cartier inserts blank samples and certified reference materials (standards) at regular intervals into the sample stream prior to shipment to monitor laboratory performance and analytical accuracy.

Drill core samples are sent to MSALABS’s analytical laboratory located in Val-d’Or, Quebec, for preparation and gold analysis. The entire sample is dried and crushed (70% passing a 2-millimeter sieve). The analysis for gold is performed on an approximately 500 g aliquot using Chrysos Photon Assay technology, which uses high-energy X-ray excitation with gamma detection to quickly and non-destructively measure gold content.

Alternatively, samples are submitted to Activation Laboratories Ltd. (‘Actlabs’), located in either Val-d’Or or Ste-Germaine-Boulé, both in Quebec, for preparation and gold analysis. The entire sample is dried, crushed (90% passing a 2-millimetre sieve) and 250 g is pulverized (90% passing a 0.07-millimetre sieve). The analysis for gold is conducted using a 50 g fire assay fusion with atomic absorption spectroscopy (AAS) finish, with a detection limit up to 10,000 ppb. Samples exceeding this threshold are reanalyzed by fire assay with a gravimetric finish to determine high-grade values accurately.

Both MSALABS and Actlabs are ISO/IEC 17025 accredited for gold assays and implement industry-standard QA/QC protocols. Their internal quality control programs include the use of blanks, duplicates, and certified reference materials at set intervals, with established acceptance criteria to ensure data integrity and analytical precision.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district. With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

Using a gold price of US$1,750/oz, a Preliminary Economic Assessment demonstrated the economic viability of a 2-km segment, compared to the 15 km that will be the subject of the 100,000 m drilling program, with an average annual gold production of 116,900 oz over a 9.7-year mine life. Indicated resources are estimated at 720,000 ounces (7.1 million tonnes at 3.1 g/t Au) and inferred resources at 1,633,000 ounces (18.5 million tonnes at 2.8 g/t Au). Please see the NI 43-101 ″Technical Report and Preliminary Economic Assessment for Chimo Mine and West Nordeau Gold Deposits, Chimo Mine and East Cadillac Properties, Quebec, Canada, Marc R. Beauvais, P.Eng., of InnovExplo Inc., Mr. Florent Baril of Bumigeme and Mr. Eric Sellars, P.Eng. of Responsible Mining Solutions″ effective May 29, 2023.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise, a track record of successful exploration, and a fully funded program to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

Neither 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.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/c61ca3f9-673a-4b43-b0dc-d0948b87280b

https://www.globenewswire.com/NewsRoom/AttachmentNg/532c6509-160c-43fc-84ba-38a8e370fbfd

Nevgold Corp. (‘ NevGold ‘ or the ‘ Company ‘) ( TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce further positive high-grade oxide antimony drill results from surface at the newly discovered antimony-gold ‘Bullet Zone’ at its Limousine Butte Project (the ‘Project’, ‘Limo Butte’) in Nevada. The Bullet Zone was discovered in the 2025 drill program with step-out drilling testing NevGold’s new geology model at the Project. The Bullet Zone discovery significantly expands the gold-antimony mineralization footprint at the Resurrection Ridge target, which NevGold is advancing to an initial gold-antimony Mineral Resource Estimate (‘MRE’).

Aerial Drone Footage of 2025 Drilling & Bullet Zone Discovery (Click Here):

Key Highlights

• Highest-grade antimony (‘Antimony’, ‘Sb’) interval drilled to date with 5.51% Sb over 4.6 meters:

• • LB25-009 Upper Zone (from surface): 21.49 g/t AuEq* over 4.6 meters (5.51% Sb and 0.06 g/t Au), within 4.00 g/t AuEq* over 41.1 meters (0.96% Sb and 0.29 g/t Au)
  • LB25-009 Lower Zone* : 0.71 g/t AuEq* over 6.1 meters (0.15% Sb and 0.12 g/t Au);

• • • *LB25-009 failed to reach target depth due to drilling difficulties as it was
      entering the prospective Lower Zone; the hole terminated in gold-antimony
      mineralization

• • LB25-001 (infill, gap in antimony data): 4.05 g/t AuEq* over 3.0 meters ( 1.03% Sb and 0.04 g/t Au) within 0.88 g/t AuEq* over 48.8 meters (0.20% Sb and 0.09 g/t Au)
  • *Gold equivalents (‘AuEq’) are based on assumed metals prices of US$3,000/oz of gold and US$40,000 per tonne of antimony (~30% discount to current spot prices), and assumed metals recoveries of 80% for gold and 75% for antimony.

• High-grade Bullet Zone discovery significantly expands the antimony-gold mineralization footprint at Resurrection Ridge; drilling is focused on advancing the Project to an initial gold-antimony Mineral Resource Estimate (‘MRE’)

• 18 holes have been completed in the current 2025-2026 drill program with assays pending

• The Company has completed Phase 1 antimony-gold sampling of the Crushed and Run of Mine (‘ROM’) leach pads from the past-producing Golden Butte pit, which produced over 100,000 ounces of gold in 1989-1990

• • The historically mined leach pads have material at surface that was previously mined and crushed with strong antimony-gold potential (see Figure 3); the previous Golden Butte operation was solely focused on gold with no focus on antimony

• Antimony is one of the highest priority Critical Minerals due to its strategic importance and military applications; Limo Butte is a brownfield mine site located in the State of Nevada with near-surface, high-grade antimony mineralization

Limo Butte Planned 2025-2026 Activities / Status Update
NevGold will continue its active exploration program at Limo Butte including:

• Evaluating the historical geological database with focus on gold and antimony (completed) ;

• Analyzing historical drilling with focus on gold and antimony (continuous activity) ;

• Advancing metallurgical testwork (Phase II completed) ;

• Continuing to drill test gold-antimony targets (ongoing, 18 drillholes completed to date) ;

• Sampling the Crushed and Run of Mine (‘ROM’) leach pads from the past-producing Golden Butte pit, which produced over 100,000 ounces of gold in 1989-1990, to determine the gold-antimony mineralization (Phase I completed, results pending) ;

• Completing initial gold-antimony Mineral Resource Estimate (MRE) (in progress) .

NevGold CEO, Brandon Bonifacio, comments: ‘We are extremely excited about the successful drilling around the high-grade antimony discovery made at the Bullet Zone. The 2 ^nd hole into the target, LB25-009, has confirmed that we have a substantial area of near-surface, high-grade antimony mineralization . We will continue to drill the Bullet Zone over the remainder of the 2025-2026 drill program with the objective of rapidly advancing the Project to an initial antimony-gold MRE. Another key development has been the identification of the antimony-gold potential in the historically mined gold leach pads at the Project, and we have recently completed our Phase I sampling program on the leach pads. As Limo Butte is a brownfield mine site, one key advantage is having a large amount of historically mined material already on surface in the leach pads that had a previous focus only on gold mineralization. The historically mined leach pads are a significant, near-surface antimony opportunity that we are rapidly advancing .’

Bonifacio continues: ‘We are also well-positioned with Limo Butte to support the United States critical minerals strategy as the Project has both antimony and gold. There is a clear commitment from the United States government to advance high-quality, domestic, mineral projects and Limo Butte is well-advanced with its significant near-surface, oxide antimony-gold mineralization and large geological database . All of our various work programs in 2025 have demonstrated the quality of the antimony-gold potential at Limo Butte, and we will continue to systematically advance the Project with the objective of playing a key part in the mandate to create a vertically integrated, U.S. antimony supply chain .’

Figure 1 – Resurrection Ridge target area with the new Bullet Zone discovery with LB25-002 and LB25-009. Figure also includes 2025 planned drilling, completed drilling, and identified expansion areas with the thrust faulted Upper Plate Dolomite. Red outline is current mineralization footprint at Resurrection Ridge, with +200 meter step-out to the east with Hole 25-002 and Hole 25-009 and discovery of the Bullet Zone. To view image please click here

Figure 2 – Cross section with results from LB25-009 and new Bullet Zone discovery. Blue to Green discs (left) show Antimony (Sb ppm) in drilling, and yellow to red discs (right) show Gold (Au ppm) in drilling .
To view image please click here

Figure 3 – Resurrection Ridge target area with the historically mined Golden Butte pit gold leach pads. The historically mined leach pads have material at surface that was previously mined and crushed with strong antimony-gold potential. The previous Golden Butte operation was solely focused on gold with no focus on antimony. Phase I sampling is completed on the leach pads. To view image please click here

Figure 4 – Large cross section at the Project outlining the strong expansion potential between Resurrection Ridge and Crashed Airplane Valley, which spans +2.5 kilometers. To view image please click here

2025 Drill Results

*Downhole thickness reported; true width varies depending on drill hole dip and is approximately 70% to 90% of downhole thickness.
**The gold equivalents (‘AuEq’) are based on assumed metals prices of US$3,000/oz of gold and US$40,000 per tonne of antimony (~30% discount to current spot prices), and assumed metals recoveries of 80% for gold and 75% for antimony.
***Selected drillhole released in previous News Release on October 16, 2025.

Limo Butte – Updated Geological Model Summary and Discovery of Bullet Zone
The Devonian Pilot Shale (‘Pilot Shale’, ‘Pilot’) is the principal local host to Carlin-type mineralization at Limousine Butte. At Limousine Butte, positive gold grades commonly coincide with silicification and jasperoid breccias within the Pilot Shale, and this alteration style is also host to elevated antimony.

NevGold’s 2021–2025 work included integrating historical drilling, new mapping, and surface sampling which produced an updated district model and refined property-wide controls on mineralization. At Resurrection Ridge , Devonian–Silurian dolomite is exposed immediately east of known gold-antimony mineralization. Earlier explorers inferred that the overlying Pilot Shale had been eroded in this area, and they did not test eastward, despite shallow high-grade intercepts in the easternmost holes drilled at Resurrection Ridge. The new model indicates the older dolomite was thrust over the prospective Pilot Shale unit , creating structural preparation and a fluid trap that preserves the favorable host at depth, the classic architecture for a Carlin-type system.

Hole LB25-002 and LB25-009 have proven the new NevGold geological model. Both holes collared in dolomite, passed through the upper thrust plate, and intersected gold and antimony at multiple horizons within the Pilot Shale. These drillhole results validate the new geological model and materially expand the potential mineralization footprint at the Project: the preserved Pilot Shale extends more than one kilometer east of prior drilling at Resurrection Ridge.

Figure 5 – Comparison of historical geological model (left) and new NevGold geological model (right) outlining the thesis that the older dolomite unit was thrust over the prospective Pilot Shale unit. The preserved Pilot Shale unit extends more than 1 kilometer east of prior drilling at Resurrection Ridge. To view image please click here

Property-wide, the updated model outlines multiple Au–Sb target corridors that track outcrops and projected subsurface positions of the Pilot Shale, where repeated faulting and thrusting provided fluid pathways and focused mineralization. NevGold’s 2025-2026 drill program continues to test these high-priority targets.

Historical records within the project boundary document two small-scale antimony prospects—the Nevada Antimony Mine and the Lage Antimony Prospect (Figure 1). The Nevada Antimony Mine extracted stibnite (Sb₂S₃) from a hydrothermal breccia via shallow pits; the Lage prospect similarly reports limited antimony production. Complementing these records, rock-chip sampling from the Golden Butte pit (Brigham Young University thesis) returned numerous assays exceeding 1% Sb in jasperoid breccias, with several over 5% Sb , including a sample grading 9.6% Sb with visible stibnite and stibiconite ( BYU Thesis Report ).

Together, these datasets support a district-scale interpretation in which thrust repetition preserves the Pilot Shale at depth east of Resurrection Ridge and focuses Au–Sb mineralization along structurally prepared horizons, establishing multiple high-priority targets for step-out drilling and follow-up work.

Figure 6 – Limousine Butte Project with historical antimony in rock chips and soils. The total strike length between Resurrection Ridge and Cadillac Valley is +5km, within an overall +20km strike length at the Project.
To view image please click here

Drillhole Orientation Details

US Executive Order – Announced March 20, 2025

The Company is pleased to report the sweeping Executive Order to strengthen American mineral production and reduce U.S. reliance on foreign nations for its mineral supply . Antimony (Sb) has been identified as an important ‘Critical Mineral’ in the United States essential for national security, clean energy, and technology applications, yet limited domestic mine supply currently exists.

The Executive Order invokes the use of the Defense Production Act as part of a broad United States (‘US’) Government effort to expand domestic minerals production on national security grounds. As it relates to project permitting, the Order states that it will ‘identify priority projects that can be immediately approved or for which permits can be immediately issued, and take all necessary or appropriate actions…to expedite and issue the relevant permits or approvals.’ Furthermore, the Order includes provisions to accelerate access to private and public capital for domestic projects, including the creation of a ‘dedicated mineral and mineral production fund for domestic investments’ under the Development Finance Corporation (‘DFC’).

This decisive action by the US Government highlights the urgent need to expand domestic minerals output to support supply chain security in the United States. This important Order will help revitalize domestic mineral production by improving the permitting process and providing financial support to qualifying domestic projects.

Importance of Antimony
Antimony is considered a ‘Critical Mineral’ by the United States based on the U.S. Geological Survey’s 2022 list (U.S.G.S. (2022)). ‘Critical Minerals’ are metals and non-metals essential to the economy and national security. Antimony is utilized in all manners of military applications, including the manufacturing of armor piercing bullets, night vision goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear weapons and production, tritium production, flares, military clothing, and communication equipment. Other uses include technology (semi-conductors, circuit boards, electric switches, fluorescent lighting, high quality clear glass and lithium-ion batteries) and clean-energy storage.

Globally, approximately 90% of the world’s current antimony supply is produced by China, Russia, and Tajikistan. Beginning on September 15, 2024, China, which is responsible for nearly half of all global mined antimony output and dominates global refinement and processing, announced that it will restrict antimony exports. In December-2024, China explicitly restricted antimony exports to the United States citing its dual military and civilian uses, which further exacerbated global supply chain concerns. (Lv, A. and Munroe, T. (2024)) The U.S. Department of Defense (‘DOD’) has designated antimony as a ‘Critical Mineral’ due to its importance in national security, and governments are now prioritizing domestic production to mitigate supply chain disruptions. Projects exploring antimony sources in North America play a key role in addressing these challenges.

Perpetua Resources Corp. (‘Perpetua’, NASDAQ:PPTA, TSX:PPTA) has the most advanced domestic gold-antimony project in the United States. Perpetua’s project, known as Stibnite, is located in Idaho approximately 130 km northeast of NevGold’s Nutmeg Mountain and Zeus projects. Positive advancements at Stibnite including technical development and permitting has led to US$75 million in Department of Defense (‘DOD’) awards, over $1.8 billion in indicative financing from the Export Import Bank of the United States (‘US EXIM’) ( see Perpetua Resources News Release from April 8, 2024 ) (Perpetua Resources. (2025)), and recent strategic investments of US$180 million from Agnico-Eagle Mines Limited (‘Agnico’) and US$75 million from JPMorganChase’s $1.5 trillion Security and Resiliency Initiative. ( see Perpetua Resources News Release from October 27, 2025 )

Figure 7 – Limousine Butte Land Holdings and District Exploration Activity To view image please click here

ON BEHALF OF THE BOARD

‘Signed’
Brandon Bonifacio, President & CEO

For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com .

Sampling Methodology, Quality Control and Quality Assurance
NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. A 30g gold fire assay and multi-elemental analysis ICP-OES method was completed by ISO 17025 certified American Assay Labs, Reno.

The historic data collection chain of custody procedures and analytical results by previous operators appear adequate and were completed to industry standard practices. For the Newmont and US Gold data a 30g gold fire assay and multi-elemental analysis ICP-OES method MS-41 was completed by ISO 17025 certified ALS Chemex, Reno or Elko Nevada.

Geochemical ICP (5g) analysis for the Wilson, Christianson and Tingey report was completed by Geochemical Services Inc. and the XRF analyses (glass disk or pellets) by Brigham Young University.

Technical information contained in this news release has been reviewed and approved by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person (‘QP’) under National Instrument 43-101 and responsible for technical matters of this release.

About the Company
NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.

Neither the TSX Venture Exchange nor its Regulation Services 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 Note Regarding Forward Looking Statements

This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘suggest’, ‘indicate’ and other similar words or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements include, but are not limited to, the proposed work programs at Limousine Butte, the exploration potential at Limousine Butte, and future potential project milestones such as the potential Mineral Resource Estimate (‘MRE’). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

References

Blackmon, D. (2021) Antimony: The Most Important Mineral You Never Heard Of. Article Prepared by Forbes.

Kurtenbach, E. (2024) China Bans Exports to US of Gallium, Germanium, Antimony in response to Chip Sanctions . Article Prepared by AP News.

Lv, A. and Munroe, T. (2024) China Bans Export of Critical Minerals to US as Trade Tensions Escalate . Article Prepared by Reuters.

Lv, A. and Jackson, L. (2025) China’s Curbs on Exports of Strategic Minerals . Article Prepared by Reuters.

Perpetua Resources. (2025) Antimony Summary . Articles and Videos Prepared by Perpetua Resources.

Sangine, E. (2022) U.S. Geological Survey, Mineral Commodity Summaries, January 2023 . Antimony Summary Report prepared by U.S.G.S

U.S.G.S. (2022) U.S. Geological Survey Releases 2022 List of Critical Minerals . Reported Prepared by U.S.G.S

Wilson, D.,J., Christiansen, E., H., and Tingey, D., G., 1994, Geology and Geochemistry of the Golden Butte Mine- A Small Carlin- Type Gold Deposit in Eastern Nevada: Brigham Young University Geology Studies, v.40, P.185-211. BYU V.40 P.185-211.

The Eastern Expansion Drill Program Identified Several Mineralized Northwest Structures Hosting Shallow Mineralization Encountered Within a 1.2 Kilometre Trend

EASTERN EXPANSION PROGRAM HIGHLIGHTS:

• At least three mineralized northwest oriented structures have been identified within the 1.2 kilometre eastern expansion trend running parallel to the Pittsburg-Monarch fault that suggest a series of footwall fault splays as opposed to a singular east-west structure;
• TXC25-173 cut 0.92 metres of 2,122.7 grams per tonne (g/t) silver equivalent (AgEq) (1,162 g/t silver (Ag) & 8.79 g/t gold (Au)) from 220.9 metres, and a separate zone of 1.04 metres grading 534.8 g/t AgEq (189.8 g/t Ag & 3.16 g/t Au) from 215.5 metres;
• TXC25-178 drilled 6.4 metres of 296.6 g/t AgEq (135.7 g/t Ag & 1.47 g/t Au), including 0.46 metres of 3,853 g/t AgEq (1,771 g/t Ag & 19.06 g/t Au) from 183.8 metres in a north-south oriented structure within the M&I Conversion Area at DPB South; and

Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (‘Blackrock’ or the ‘Company’) announces the final results from its fully-funded eastern expansion drill program (the ‘Eastern Expansion Program’ or the ‘Program’) at its 100% owned Tonopah West project located in Nye and Esmeralda Counties, Nevada, United States (‘Tonopah West’).

The Eastern Expansion Program was a follow up to the Company’s successful Scout drilling program completed at Tonopah West in February 2025 (see March 31, 2025 news) which shows additional upside for the shallow southern portion of the Denver-Paymaster and Bermuda-Merten vein groups (‘DPB South‘) resource area (the ‘M&I Conversion Area‘) to expand the resource area 1,200 metres in an easterly direction (the ‘Eastern Expansion Zone‘).

The Company commenced the Eastern Expansion Program in July 2025 within the Eastern Expansion Zone, utilizing reverse circulation (RC) drilling with RC pre-collars to establish initial holes, which were then deepened using diamond core drilling (core tails) for more detailed geological analysis. The Program drilled a total of 6,798 metres (22,896 feet) in twenty-four drillholes, however, only 22 drillholes were completed, as two pre-collar holes were not usable for core tails. Of the 22 completed drillholes, three were core holes completed from surface.

Andrew Pollard, Blackrock’s President and CEO, stated, ‘Whereas we set out to target a single east-west mineralized structure, drilling from our Eastern Expansion Program has defined at least three distinct, parallel mineralized zones oriented northwest. These structures appear to be splays off the Pittsburgh-Monarch fault system. Each of these zones has intersected shallow, high-grade, and thick mineralization, indicating significant potential for further expansion in the area. Additionally, drilling in the M&I Conversion Area at DPB South has successfully connected previously isolated intercepts, confirming the presence of north-south trending structures and suggesting additional tonnage potential. Work on our upcoming mineral resource estimate and preliminary economic assessment is now underway and on track for a targeted completion date in February 2026. These will incorporate data from both our Northwest and Eastern Expansion drill programs.’

Table 1 summarizes the final results of the Eastern Expansion Program using a cut-off grade of 150 g/t AgEq.

Table 1: Eastern Expansion Drill Program Significant Results Using a 150 g/t AgEq Cut-off Grade

The Eastern Expansion Program encountered at least three northwest oriented structures which appear to be mineralized and offset the southern caldera margin to the northeast. The structures are parallel to the Pittsburg-Monarch fault and suggest a series of footwall fault splays associated with the main Pittsburg-Monarch fault. Figure 1 below shows the approximate location and orientation of the northwest fault system.

Drilling to date shows shallow, high-grade, and thick zones of mineralization in each of these structures and suggest increased expansion potential along this northwest structural corridor. Historically, the Pittsburg-Monarch fault was considered an ore control within the district with the thickest historically mined veins at Victor and Ohio abutting the main fault. The Company’s drilling in the Eastern Expansion Zone has returned thick vein intervals of gold and silver along the parallel structures confirming the importance of the Pittsburg-Monarch and its footwall fault splays.

Two drillholes, TXC25-171 and TXC25-178, were drilled in the M&I Conversion Area. These drillholes were directed to the west to understand several north-south structures encountered in the previous drilling. The Program was successful in capturing high-grade drill intervals from the north-south structures and shows there are multiple mineralized structures with similar orientation in the area.

Figure 1: Leapfrog model showing northwest oriented structures in the Eastern Expansion area

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/676/276546_9dcdee45e417e956_001full.jpg

Although below the cut-off grade of 150 g/t AgEq, drillholes TXC25-167, -168, -175, -176, -177 and TXC25-179 were mineralized with silver equivalent values ranging between 31 and 133 g/t AgEq. Table 2 shows the range of gold and silver values encountered along the northwest oriented structures.

Table 2: Mineralized Drillholes from the Eastern Expansion program that are below the 150 g/t AgEq cut-off

Figure 2: Drillhole location map for the Eastern Expansion drillholes reported in this news release

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/676/276546_9dcdee45e417e956_002full.jpg

Below are all the drillhole intervals above the 150 g/t AgEq cut off from the program showing the upside potential of the Eastern Expansion Zone.

Table 3: Eastern Expansion Program Significant Results Using a 150 g/t AgEq Cut-off Grade (TXC25-156 to TXC25-166 released on October 27, 2025)

Figure 3: Tonopah West expansion potential

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/676/276546_9dcdee45e417e956_003full.jpg

Figure 4: Tonopah West Drillhole Location Coordinates (based on GPS readings in the field, Datum UTM, NAD 1927, Zone 11)

Quality Assurance/ Quality Control

All sampling is conducted under the supervision of the Company’s project geologists, and a strict chain of custody from the project to the sample preparation facility is implemented and monitored. The RC samples are hauled from the project site to a secure and fenced facility in Tonopah, Nevada, where they are loaded on to American Assay Laboratory’s (AAL) flat-bed truck and delivered to AAL’s facility in Sparks, Nevada. A sample submittal sheet is delivered to AAL personnel who organize and process the sample intervals pursuant to the Company’s instructions.

The RC samples are lined out at the lab and logged into AAL’s system. The samples are dried, crushed to 85% passing 10 mesh (2mm) and a 250-gram sub-sample split is collected and pulverized to 200 mesh (74 micron) in a ring and puck pulverizer. Then the pulverized material is digested and analyzed for gold using fire assay fusion and an Induced Coupled Plasma (ICP) finish on a 30-gram assay split (FA-PB30-ICP). Silver is determined using five-acid digestion and ICP analysis (ICP-5AM48). Over limits for gold and silver are determined using a gravimetric finish (GRAVAU30 and GRAVAG30). Data verification of the assay and analytical results are completed to ensure accurate and verifiable results. Blackrock personnel insert a blind prep blank, lab blank or a certified reference material approximately every 15th to 20th sample.

Qualified Persons

Blackrock’s exploration activities at Tonopah West are conducted and supervised by Mr. William Howald, Executive Chairman of Blackrock. Mr. William Howald, AIPG Certified Professional Geologist #11041, is a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. He has reviewed and approved the contents of this news release.

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR at www.sedarplus.ca.

Cautionary Note Regarding Forward-Looking Statements and Information

This news release contains ‘forward-looking statements’ and ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release relate to, among other things: the Company’s strategic plans; the anticipated objectives and results from the Company’s drill programs at Tonopah West; the timing of completion of an updated mineral resource estimate and preliminary economic assessment on Tonopah West; the Company’s de-risking initiatives at Tonopah West; estimates of mineral resource quantities and qualities; estimates of mineralization from drilling; geological information projected from sampling results; and the potential quantities and grades of the target zones.

These forward-looking statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the historical basis for current estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour related disruptions at any of the Company’s operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company’s ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; general market and industry conditions; and those factors identified under the caption ‘Risks Factors’ in the Company’s most recent Annual Information Form.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the 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/276546

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FSE: 3GE) (‘Group Eleven’ or the ‘Company’) is pleased to announce the latest two step-out drill holes from its Ballywire discovery (‘Ballywire’) at the 100%-owned PG West Project (‘PG West’), Republic of Ireland.

Highlights:

• 25-3552-47 (approx. 100m step-out SSE of 25-3552-40, initial test of the Deeper Cu-Ag target; announced 22-Sep-25) intersected four zones of mineralization, including:
  • New Mineralized Zone (South) – Waulsortian Hosted (starting from 313.1m downhole)
  • 20.3m of 2.6% Zn+Pb (1.5% Zn and 1.1% Pb), 6 g/t Ag, including
  • 7.3m of 5.2% Zn+Pb (2.5% Zn and 2.7% Pb), 10 g/t Ag, including
  • 3.8m of 7.3% Zn+Pb (3.7% Zn and 3.6% Pb), 14 g/t Ag, including
  • 1.9m of 10.7% Zn+Pb (5.7% Zn and 5.0% Pb), 19 g/t Ag
  • New Mineralized Zone (South) – Base of Waulsortian (starting from 355.9m downhole)
  • 2.6m of 2.7% Zn+Pb (0.1% Zn and 2.5% Pb) and 19 g/t Ag, including
  • 0.8m of 6.7% Zn+Pb (0.3% Zn and 6.5% Pb) and 37 g/t Ag
  • Deeper Cu-Ag Zone (starting from 490.7m downhole)
  • 11.3m of 0.26% Cu and 8 g/t Ag, including
  • 4.7m of 0.46% Cu and 14 g/t Ag, including
  • 1.8m of 0.83% Cu and 24 g/t Ag
  • Deeper Cu-Ag Zone (starting from 616.6m downhole)
  • 9.4m of 0.25% Cu and 7 g/t Ag, including
  • 3.7m of 0.32% Cu and 8 g/t Ag, including
  • 0.8m of 0.62% Cu and 16 g/t Ag

‘Today’s results represent a positive surprise given we were not expecting robust Zn-Pb-Ag mineralization south of the main discovery trend at this particular location,’ stated Bart Jaworski, CEO. ‘In addition to successfully extending significant Deeper Cu-Ag mineralization down dip by over 200m from previous drilling, today’s hole intersected strong Zn-Pb-Ag mineralization in a new part of the discovery. Long theorized, new zones of mineralization parallel to the main discovery trend at Ballywire were evidenced this September by hole 25-3552-44 which discovered a new Cu-Ag bearing feeder structure to the north of the main discovery. Today’s results show a similar situation, but to the south, enhancing the potential for at least two additional mineralized zones. If borne out, this greatly expands Ballywire’s tonnage potential.’

‘Driven by new zones of mineralization, growing momentum at our Deeper Cu-Ag zone and the fact that the majority of our 6km long prospective trend is yet to be drilled, Ballywire’s exploration upside continues to ramp up. With a robust treasury and our most ambitious drilling campaign to date – four rigs turning in Ireland – we are poised to continue unlocking Ballywire’s full potential over the coming months.’

Exhibit 1. Cross-Section Showing 25-3552-47 Testing Deeper Cu-Ag Zone at Ballywire.

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Note: True thickness of the mineralized intervals in hole 25-3552-47 as a percentage of the down-hole interval, is estimated to be approx. 90-100% for Waulsortian-hosted zones, and 60-80% for sub-Waulsortian zones.

Exhibit 2. Plan Map of Main Ballywire Discovery Corridor, Showing New Holes 25-3552-45 and -47.

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Note: ‘New Min’zd Zone (S)’ means New Mineralized Zone (South); ‘Potential Zone (N)’ means Potential Mineralized Zone (North).

Exhibit 3. Cross-Section of 25-3552-45 (and Previously Reported Holes -35 and -39).

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Note: True thickness of the mineralized intervals in hole 25-3552-45 as a percentage of the down-hole interval, is estimated to be approx. 80-100%.

Ballywire Drill Update

The Ballywire prospect at the Company’s 100%-owned PG West Project in Republic of Ireland, represents the most significant mineral discovery in Ireland in over a decade. First announced in Sept-2022, the discovery has 64 holes drilled and reported by Group Eleven to date, including the most recent two holes (25-3552-45 and -47) reported today (see Exhibits 1 to 6).

Assays from today’s drill holes are summarized above and below (and in Exhibits 4 and 5). Mineralization consists predominantly of sphalerite, galena and pyrite, with the Cu-Ag bearing zones also containing chalcopyrite and suspected tennantite-tetrahedrite.

In addition to results from 25-3552-47, described above, hole 25-3552-45 intersected two zones of significant mineralization along a fault structure (see Exhibits 3 and 5). Strong exploration upside remains further to the NNW and SSE along this section.

Exhibit 4. Summary of Assays from 25-3552-47 at Ballywire

Note: True thickness of the mineralized intervals in hole 25-3552-47 as a percentage of the down-hole interval, is estimated to be approx. 90-100% for Waulsortian-hosted zones, and 60-80% for sub-Waulsortian zones; ‘-‘ means less than 0.01% (<100 ppm).

Exhibit 5. Summary of Assays from 25-3552-45 at Ballywire

Note: True thickness of the mineralized intervals in hole 25-3552-45 as a percentage of the down-hole interval, is estimated to be approx. 80-100%.

Drilling at Ballywire continues with three rigs. Currently, thirteen (13) new holes are completed or near completed (and in the process of being logged, sampled and assayed). These are shown in Exhibit 2, including: (i) four holes collared approx. 200m E of G11-3552-08; (ii) two holes testing approx. 780m SE of G11-3552-08; (iii) six holes drilled along a drill fence hosting G11-468-01; and (iv) one hole testing approx. 80m SW of G11-3552-12. Note, one additional rig is active at the Company’s Stonepark Project.

Exhibit 6. Regional Gravity Map Showing 6km Long Prospective Trend at Ballywire.

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Note: Of the four gravity-high anomalies above, only the ‘C’ anomaly has been systematically drilled to date.

Exhibit 7. Regional Map of Ballywire Discovery and Surrounding Prospects.

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Notes to Exhibit 7: (a) Pallas Green MRE is owned by Glencore (see Glencore’s Resources and Reserves Report dated December 31, 2024); (b) Stonepark MRE: see the ‘NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland’, by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR+; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in ‘Report on Prospecting Licence 464’ by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in ‘The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody’ by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in ‘Report on Mallow Property’ by David Wilbur, dated December 1973; and later summarized in ‘Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork’ by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. ‘Rathdowney Trend’ is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.

Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent ‘Qualified Person’ as defined under Canadian National Instrument 43-101.

Sampling and Analytical Procedures

All core drilled at Ballywire is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.22m to 1.19m with an average (over 211 samples) of 0.90m. The half-core samples are bagged, labelled and sealed at Group Eleven’s core store facility in Limerick, Ireland. Selected sample bags are examined by the Qualified Person. Transport is via an accredited courier service and/or by Group Eleven staff to ALS Laboratories in Loughrea Co. Galway, Ireland. Sample preparation at the ALS facility comprises fine crushing 70% < 2mm, riffle splitter, pulverise up to 250g 85% < 75um. Analytical procedures are 34 element four acid ICP-AES (codes ME-ICP61 and ME-OG62). Other than paying for a professional analytical service, Group Eleven has no relationship with ALS.

Quality Assurance/Quality Control (QA/QC) Information

Group Eleven inserts certified reference materials (‘CRMs’ or ‘Standards’) as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FSE: 3GE) is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony. Key intercepts to date include:

• 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
• 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
• 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
• 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
• 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
• 11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
• 15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)
• 12.0m of 1.4% Zn+Pb, 560 g/t Ag, 2.30% Cu and 0.17% Sb (25-3552-31), including
• 6.4m of 2.1% Zn+Pb, 838 g/t Ag, 3.72% Cu and 0.27% Sb (25-3552-31)
• 39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu (25-3552-35)
• 25.6m of 9.2% Zn+Pb, 28 g/t Ag (25-3552-39)

Ballywire is located 20km from Company’s 77.64%-owned Stonepark zinc-lead deposit¹, which itself is located adjacent to Glencore’s Pallas Green zinc-lead deposit². The Company’s two largest shareholders are Michael Gentile (14.1% interest) and Glencore Canada Corp. (13.9%). Additional information about the Company is available at www.groupelevenresources.com.

Neither TSX Venture Exchange nor its Regulation Services 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 Note Regarding Forward-Looking Information

Technical and scientific information disclosed from neighbouring properties does not necessarily apply to the current project or property being disclosed. This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company’s public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company’s mineral properties.

¹ Stonepark MRE is 5.1 million tonnes of 11.3% Zn+Pb (8.7% Zn and 2.6% Pb), Inferred (Apr-17-2018).
² Pallas Green MRE is 45.4 million tonnes of 8.4% Zn+Pb (7.2% Zn + 1.2% Pb), Inferred (Glencore, Dec-31-2024).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276566