Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) further to the Company’s news releases dated October 21, 2025, November 4, 2025, and November 18, 2025, the Company continues to work towards the filing of its annual audited financial statements and management’s discussion and analysis for the fiscal year ended June 30, 2025 (the ‘Required Filings’). The Company has obtained approval from the Alberta Securities Commission to extend the Management Cease Trade Order (‘MCTO’) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203’) until December 28, 2025.

While the audit of Sankamap’s private subsidiary has now been completed, timing adjustments in the subsidiary’s audit resulted in a brief postponement of fieldwork and the review of Sankamap’s audit file. The upcoming holiday period is also expected to affect scheduling. To support timely completion of the audit, the Company intends to appoint the subsidiary’s auditor as its auditor, as their familiarity with the Company’s mineral property and the Solomon Islands jurisdiction is expected to facilitate an expedited process. A change of auditor is underway, and the Company expects to file the required change of auditor documentation shortly.

The Required Filings were due to be filed by October 28, 2025. In connection with the anticipated delays in making the Required Filings, the Company made an application for a Management Cease Trade Order (‘MCTO‘) under National Policy 12-203 Management Cease Trade Orders (‘NP 12-203‘) to the Alberta Securities Commission, as principal regulator for the Company, and the MCTO was issued on October 29, 2025. The MCTO restricts all trading by the Company’s CEO and CFO in securities of the Company, whether direct or indirect. The issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the Company to trade their securities. The MCTO will remain in effect until the Required Filings are filed or until it is revoked or varied.

The Company expects to proceed with the filing of its interim first-quarter financial statements shortly after the Required Filings have been completed and submitted.

The Company confirms that it intends to satisfy the provisions of the alternative information guidelines described in NP 12-203 by issuing bi-weekly default status reports in the form of a news release until it meets the Required Filings requirement. The Company has not taken any steps towards any insolvency proceeding and the Company has no material information relating to its affairs that has not been generally disclosed.

About Sankamap Metals Inc.

Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newcrest’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au²; underscoring the area’s significant potential.

At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au³. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au³, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au³, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.

1.Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)

2. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012

3. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012

QP Disclosure

The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ ‘John Florek’
John Florek, M.Sc., P.Geol
Chief Executive Officer
Sankamap Metals Inc.

The Canadian Securities Exchange has not approved nor disapproved this press release.

Forward-Looking Statements

Certain statements made and information contained herein may constitute ‘forward-looking information’ and ‘forward-looking statements’ within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to Sankamap and there is no assurance that the actual results will meet management’s expectations. Forward-looking statements and information may be identified by such terms as ‘anticipates,’ ‘believes,’ ‘targets,’ ‘estimates,’ ‘plans,’ ‘expects,’ ‘may,’ ‘will,’ ‘could’ or ‘would.’

This press release contains forward-looking statements, including, but not limited to, statements regarding management’s expectations about obtaining the MCTO and completing the Required Filings within the anticipated timeline. Forward-looking statements are subject to various risks, uncertainties, and other factors that could cause actual results or events to differ materially from those expressed or implied by such statements. Sankamap does not undertake any obligation to update forward-looking statements or information, except as required by applicable securities laws. For more information on the Company, investors should review the Company’s continuous disclosure filings that are available at www.sedarplus.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276869

USANewsGroup .com Market Intelligence Brief Efficient Market Theory often fails in the small-cap sector. In this space, price discovery is slow. It lags behind the news. This creates a ‘valuation disconnect’ where a company’s fundamental reality has shifted but the ticker remains anchored to an old story.

For the disciplined investor, this lag is the signal.

The following report analyzes five specific case studies of this phenomenon. We look at an immunotherapy priced as if its clinical wins never happened, an FDA-cleared AI platform valued as a hardware vendor, a permitted developer priced as an explorer, a US uranium validator priced as a grassroots hunter, and a strategic defense asset hidden inside a gold discovery. In each case, we believe the operational pivot has already occurred. The market, however, appears to lag behind the new information.

1. Oncolytics Biotech Inc.
TICKER: (NASDAQ: ONCY)
SECTOR: Immunotherapy / Oncology
THE DISCONNECT: The market is pricing ONCY as another failed immunotherapy play. The reality: pelareorep is the activator designed to enable Big Pharma’s patent-cliff checkpoint inhibitors to target cancers where they currently struggle.
THE CATALYST: FDA-aligned Phase 3 trial initiation in first-line pancreatic cancer; the only immunotherapy registration study planned for this indication.
MARKET CONTEXT: Pelareorep doesn’t compete with Merck’s Keytruda or Roche’s Tecentriq. It primes tumors to unlock more potential efficacy from those drugs.
THE INTELLIGENCE BRIEF:
Oncolytics secured FDA alignment on a three-arm Phase 3 design testing pelareorep plus chemotherapy, with and without checkpoint inhibitors. The justification: a 62% objective response rate in pancreatic cancer when pelareorep was added to chemo and a checkpoint inhibitor, in a disease where immunotherapy has zero approved regimens. Two-year survival hit 21.9% versus the 9.2% historical standard.
The mechanism is elegant. Pelareorep replicates inside cancer cells, triggering immune activation that converts ‘cold’ tumors ‘hot.’ Recent anal cancer data showed 30% response rates (double the FDA-approved benchmark) with complete responses lasting beyond two years. Big Pharma’s problem: their checkpoint inhibitors only work in 20-30% of cancers. Pelareorep expands that addressable market.
Management pedigree matters here. CEO Jared Kelly and CBO Andrew Aromando engineered Ambrx’s $2 billion sale to J&J . Site activation is underway. Once enrollment numbers hit, the valuation gap becomes impossible to ignore.

CONTINUED… Read this and more news for Oncolytics Biotech at: https://usanewsgroup.com/2023/10/02/the-most-undervalued-oncolytics-company-on-the-nasdaq/

2. Lake Victoria Gold
TICKER: (TSXV: LVG) / (OTCQB: LVGLF)
SECTOR: Precious Metals / Production & Development
THE DISCONNECT: The market prices LVG as a grassroots explorer stuck in permitting purgatory. The reality: Imwelo is a fully permitted mine development project with construction capital in hand, sitting 12 kilometers from AngloGold Ashanti’s flagship Geita operation.
THE CATALYST: November drilling results confirmed gold mineralization extends 50 meters below the planned pit shell, pushing vertical depth past 250m and shattering the historical 200m resource boundary.
MARKET CONTEXT: This isn’t another speculative junior. Barrick Gold already recognized the district potential, acquiring LVG’s Tembo licenses under an Asset Purchase Agreement that locks LVG into up to $45 million in contingent milestone payments tied to discoveries next door.
THE INTELLIGENCE BRIEF:
Area C averages 3.7 g/t gold and anchors the initial mine plan. The first five drill holes delivered exactly what management wanted: consistent grades matching the resource model, with additional lodes opening in both footwall and hanging wall positions. LVG mobilized a second rig to accelerate the campaign, positioning for steady assay flow through year-end.
The strategy is dual-track. $8 million in recent financing funds Imwelo construction preparation while activating a gold prepay facility with Monetary Metals for non-dilutive build capital. The Government of Tanzania framework and environmental approval significantly reduce the regulatory risk premium.
With gold above $4,200 per ounce, the smart money isn’t chasing Barrick for safety. It’s buying the neighbor Barrick validated, at a fraction of the build-out cost.

3. Ventripoint Diagnostics
TICKER: (TSXV: VPT) / (OTCQB: VPTDF)
SECTOR: MedTech / AI Diagnostics
THE DISCONNECT: The market is valuing Ventripoint as a low-margin hardware vendor. The reality: this is an FDA-cleared AI software platform that converts standard hospital ultrasounds into MRI-quality cardiac imaging systems without the capital expenditure.
THE CATALYST: Healthcare systems cannot afford new $3M MRI machines. Budget freezes are forcing efficiency upgrades on existing equipment. Ventripoint’s VMS+ acts as a software upgrade for the ultrasound fleets hospitals already own.
MARKET CONTEXT: HeartFlow trades at approximately $2.5B using AI to model coronary arteries. Ventripoint delivers equivalent diagnostic accuracy for the Right Ventricle, the heart’s most difficult chamber to measure, without radiation or massive infrastructure costs.
THE INTELLIGENCE BRIEF:
Hospitals face a crisis: growing cardiac backlogs with frozen capital budgets. Ventripoint’s VMS+ software solves this. Instead of selling new machines, VMS+ connects to existing 2D ultrasounds and uses AI-powered Knowledge Based Reconstruction to generate 3D, MRI-quality heart models.
The system delivers MRI-level accuracy for all four cardiac chambers in minutes. Duke University Hospital , Mayo Clinic , and DHZC Germany (ranked among the world’s top cardiac hospitals) have validated and purchased the technology. Recent collaboration with Providence Health Care targets reducing MRI demand entirely for specific patient populations.
Three million U.S. pacemaker patients cannot undergo MRI scans. VMS+ 4.0’s magnet-free sensors now enable MRI-equivalent diagnostics for patients who have been medically excluded for decades.
This is a unique FDA-cleared AI solution for Right Ventricle imaging using existing equipment.

4. Homeland Uranium
TICKER: (TSXV: HLU) / (OTCQB: HLUCF)
SECTOR: Energy / Uranium Supply
THE DISCONNECT: The market prices HLU as a grassroots explorer chasing speculative targets. The reality: this is a Colorado-based validator sitting on a 35.4-million-pound historical resource estimate at Coyote Basin in one of America’s most mining-friendly jurisdictions.
THE CATALYST: November 12 marked the start of Homeland’s maiden drill program at Coyote Basin. Phase II targets historical resource-bearing zones identified by previous operators. Thirty-five reverse circulation holes. Seventeen thousand feet of drilling. Six to eight weeks of steady news flow.
MARKET CONTEXT: Washington is rebuilding the domestic nuclear fuel chain to break Russian supply dependency. US-domiciled uranium assets carry a security premium that Canadian basin plays don’t command. The Department of Energy is backing this shift with federal capital.
THE INTELLIGENCE BRIEF:
Homeland isn’t hunting. It’s validating. Coyote Basin sits in Colorado’s proven Uravan Mineral Belt with decades of production history. Significant geological risk has been mitigated by previous operators. Management is converting known historical uranium resources to modern NI 43-101 standards. While these historical estimates are not yet treated as current mineral resources, they serve as a high-confidence geological roadmap for the current drill program.
The company recently closed the acquisition of the Skull Creek Project, which holds a separate 44.2-million-pound historical resource estimate at the Cross Bones Deposit. Two drill-ready projects. One mining-friendly state. Fully permitted for the current phase.
The drill program is underway, creating a window of opportunity before assay results potentially reprice the stock to reflect its US-domiciled premium.

5. Rua Gold
TICKER: (TSXV: RUA,OTC:NZAUF) / (OTCQB: NZAUF)
SECTOR: Precious Metals / Critical Minerals
THE DISCONNECT: The market sees a gold explorer. The reality: a dual-defense asset. Reefton delivers high-grade gold with antimony credits that legacy operators left in the ground. What was waste rock a century ago is now battlefield inventory.
THE CATALYST: China restricted antimony exports in 2024. New Zealand responded by adding antimony to its Critical Minerals List . Rua Gold controls the district. The geopolitical shift just monetized the byproduct.
MARKET CONTEXT: Antimony is non-negotiable for armor-piercing ammunition and night vision systems. Spot prices crossed $40,000 per tonne. China holds 48% of global supply. Western arsenals need alternatives. They need them now.
THE INTELLIGENCE BRIEF:
Rua Gold isn’t chasing a new discovery. It’s validating a known system. The company controls 95% of the historic Reefton Goldfield on New Zealand’s South Island. Two million ounces produced at 9 to 50 g/t. The gold story writes itself.
The antimony angle changes the valuation framework entirely. Drilling at Auld Creek delivered 12m @ 12.2 g/t AuEq with 2.4% antimony. Surface samples exceed 40% Sb. Multiple drill holes run above 8% antimony. These are not trace byproduct grades. This is standalone strategically critical mineralization in a metal Pentagon procurement officers are scrambling to secure.
The dual-commodity model de-risks the project. Gold pays for construction. Antimony delivers margin expansion tied to defense spending cycles. Management holds a combined $11 billion in prior mining exits . The team knows how to deliver ounces. The district geology is proven. The permitting regime is supportive.
This is a geopolitical hedge with a drill bit. This represents a high-grade gold developer with a free call option on the global arms race.

Source: https://usanewsgroup.com/2024/09/21/is-oncolytics-biotech-the-markets-most-undervalued-cancer-opportunity/

CONTACT:

USA NEWS GROUP
info@usanewsgroup.com
(604) 265-2873

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (‘MIQ’). MIQ has been paid a fee for Oncolytics Biotech Inc. advertising and digital media from the company directly. We have also been paid fees for Lake Victoria Gold, Ventripoint Diagnostics, Homeland Uranium, and Rua Gold. There may be 3rd parties who may have shares of the companies mentioned herein, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of the companies mentioned above either by buying direct out the market or through financing participation, and plan to sell these shares immediately. We also reserve the right to buy more shares at any time. We also expect further compensation as an ongoing digital media effort to increase visibility for the company(s) mentioned above, no further notice will be given. Regarding Lake Victoria Gold, Homeland Uranium, and Rua Gold, while the technical information contained herein is derived from official regulatory filings and news releases previously approved by the issuers’ designated Qualified Persons, this specific publication has not been independently reviewed, verified, or approved by those issuers. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Kingsmen Resources Ltd. (TSXV: KNG,OTC:KNGRF) (OTCQB: KNGRF) (FSE: TUY) (‘Kingsmen’ or the ‘Company’) is pleased to report first assays from hole LC-25-008 that intersected significant new gold rich silver mineralization. This hole was drilled 160 meters from the previously reported high grade silver discovery of 1,028 gt silver equivalent over 1.45 meters (455 gt silver) from 190.25-191.70m including 1,742 gt silver equivalent over 0.70 meters (770 gt silver) from 190.85- 191.55m in hole LC-25-010 (see news release September of 24, 2025). These holes were drilled as part of the recently completed 12 hole 3,227.2 meter drill program on its 100% owned Las Coloradas silver project. The Las Coloradas project is in the Parral mining district of the Central Mexican Silver Belt, Chihuahua Mexico.

Four Key Highlights:

1. HIGH GRADE SILVER DISCOVERY
   1. * 931 g/t silver equivalent with 1.28 g/t gold over 1.60 meters (521 g/t silver) from 156.4-158.0m.
   2. * Gold rich mineralization.

2. NEW DISCOVERY – WIDE MINERALIZED ZONE
   1. *200 g/t silver equivalent & 0.28 g/t gold over 10.50 meters (97.4 g/t silver) from 154.5-165.0m.
   2. *New silver-gold target.
   3. * Hole drilled 160 meters from high grade hole LC-25-010.

3. SHALLOW, NEAR-SURFACE MINERALIZATION
   1. Mineralization starts at approximately 135 meters vertical depth.
   2. *Multiple mineralization styles including massive sulphides.
   3. * Strong pathfinder elements (antimony, indium, bismuth, and tellurium) indicate larger system.
4. SIGNIFICANT DISCOVERY POTENTIAL
   1. Less than 5% of property explored.
   2. *8.5 km2 consolidated historic mining district.
   3. *Multiple untested structures and veins.
   4. *Located in Mexico’s prolific Parral Silver District.

President, Scott Emerson commented, ‘The gold rich silver mineralization intersected in this hole is an exciting discovery on a previously unknown structure. The mineralized intercepts in this hole and hole LC-25-010 are significantly wider than those historically reported and mined by ASARCO for the Soledad mineralization. This new discovery, potentially adds a 3^rd structure in what is a new area and the gold values significantly enhance the value of the mineralization. This mineralization is believed to be similar to that of the old La Prieta mine whose tailings are being reprocessed at GoGold’s, Parral operation. In addition, it opens the potential for additional significant discoveries in, to-date, untested structures which can be mapped at surface.’

Vice President of Exploration, Kieran Downes Ph.D., P.Geo. noted ‘The property continues to deliver exciting and promising results that show the potential for additional, new high-grade discoveries. There are many kilometers of veins/structures, all of which are prospective especially where dilatant zones for mineralization may be created by changes in attitude, splays, lithologic contacts and intersections. The shape of the mineralization may vary from simple vein to chimney to manto. The role of the intrusion intersected at depth, if any, will be evaluated in conjunction with the receipt of assays.’

Hole LC-25-008 was drilled to test two separate targets.

• Target 1 was the intersection of a NE-trending vein/structure with a flexure/cymoid curve in a NW-trending vein/structure at the margin of a magnetic high (Figures 1 and 2). The flexure is approximately 400 meters long and may have may have created a dilatant zone(s) in Target 1 and beyond. The hole bottomed in intrusive confirming the interpretation of the magnetics. Target 1 returned the significant intersection reported here (Table 1).

• Target 2 was the intersection of NW-trending and NE-trending structures/vein systems, in an area of high chargeability and resistivity, at the margin of a magnetic high/intrusive (Figure 2). Assays are pending.

Hole LC-25-008 (Table 1; Table 2; Table 3) intersected an alteration zone with massive sulphide mineralization from approximately 154.5 to 165.0 meters (10.50 meters) downhole. The silver rich massive sulphide mineralization comprises sphalerite, galena, arsenopyrite, and pyrite (Figure 3 and 4). The mineralization is strongly anomalous in pathfinder elements antimony, bismuth, indium, arsenic and tellurium (Table 1). Silver values vary with galena-sphalerite content. Significant gold is associated with the high-grade silver mineralization and varies with the arsenopyrite content. Of note is the presence of associated elevated to anomalous tellurium, a significant indicator of gold mineralization. The mineralization exhibits late-stage faulting and brecciation. The hole bottomed in a fine to medium grained feldspar porphyry carrying disseminated pyrite confirming the interpretation of the magnetics.

The mineralized zone has a brecciated section from 155.95 to 157.0 meters composed of translucent quartz veins, white quartz, and masses of sulfides arranged in a stockwork. Sphalerite predominates with pyrite, smaller amounts of galena and arsenopyrite are also present. Arsenopyrite predominates in the quartz veining. From 157.0 to 158.45 m, there is a cavity with clusters of arsenopyrite, pyrite, galena, sphalerite and druses with prismatic quartz and possibly jamesonite crystals. The host rocks are sediments displaying moderate shear deformation, intense green chloritic alteration and silicification.

Table 1 Analyses

True width cannot be determined at this time and reported widths are drilled intervals.

Table 2 Silver equivalents

The silver equivalent calculation formula is AgEq(g/t) = ((Ag grade (g/t) x (Ag price per ounce/31.10348) x Ag recovery) + (Pb grade (%) x (Pb price per tonne/100) x Pb recovery) + (Zn grade (%) x (Zn price per tonne/100) x Zn recovery) + (Au grade (g/t) x (Au price per ounce/31.10348) x Au recovery)) / (Ag price per ounce/31.10348 x Ag recovery). The prices used were US$3675/oz gold, US$2960/t zinc, US$2003/t lead and US$42/oz silver. Recoveries are estimated at 40% for gold, 91% for lead, 85% for zinc and 92% for silver based on published figures by Kootenay Silver Inc. for sulphide mineralization in the Cigarra deposit, Chihuahua, Mexico, a deposit with similar style mineralization (https://kootenaysilver.com/news/kootenay/2024/kootenay-silver-announces-updated-mineral-resource-estimate-for-la-cigarra-project-chihuahua-mexico).

Table 3 Collar and survey table

Figure 1

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Figure 2

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Figure 3 Mineralization

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Figure 4 Mineralization (part) – split core

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Holes 5, 6, 7 and 10 tested a 100-meter length of the Soledad system centered on the Soledad shaft. Holes 9 and 11 tested the structure in the area of the Rosario shaft. Holes 2, 3 and 4 tested a 50-meter segment of the Soledad structure/vein system in the DBD target. Hole 12 tested under old workings on the Soledad II structure/vein system. Holes1 and 8 tested a geological/geophysical target. The target was the intersection of NW-trending and NE-trending structures/vein systems, in an area of high chargeability and resistivity on an interpreted NW-trending magnetic structure.

QAQC
The drill core (HQ size) was geologically logged and sampled. The full drill core was sawn with a diamond blade rock saw. One half of the sawn drill core was bagged and tagged for analysis. The remaining half portion was returned to the drill core tray and stored. Bagged samples are securely stored prior to submission for analysis. Samples were submitted to ALS Geochemistry-Chihuahua for multielement analysis following four-acid digestion (code ME-MS61), and gold by fire assay-AA (code Au-AA23). Quality assurance and quality control (QA/QC) is maintained by the systematic insertion of certified standard reference materials (CSRM), blanks and duplicates into the sample stream. Assay results will be announced following receipt, compilation and confirmation. ALS Geochemistry operates under a Global Geochemistry Quality Manual that complies with ISO/IEC 17025:2017.

About Las Coloradas
The Las Coloradas Project (8.5 km² -3.3 sq miles) represents a consolidation of a historic mining district which covers numerous silver-gold-lead-zinc-copper mines previously exploited by ASARCO (American Smelting and Refining Company), the U.S. based subsidiary of Grupo Mexico.

Las Coloradas is in the Parral mining district of the Central Mexican Silver Belt, and is located approximately 30 kilometers southeast of the city of Hidalgo de Parral and 40 kilometers east of the San Francisco de Oro and Santa Barbara mining districts where several old major mines are located, such as La Prieta, Veta Colorada, Palmilla, Esmeralda, San Francisco del Oro and Santa Barbara. Click here to see locator map: https://www.kingsmenresources.com/area-history

Qualified Person
Kieran Downes, Ph.D., P.Geo., a director of Kingsmen and Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure set out in this news release.

About Kingsmen Resources
Kingsmen Resources is a mineral exploration company focused on advancing its 100% held projects, the Las Coloradas silver/gold project and Almoloya gold/silver project located in the prolific mining district of Parral Mexico. The projects host historic past producing high-grade silver mines. They are considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other, on-trend, high-grade deposits. In addition, the company has a 1% NSR on the La Trini claims which form part of the Los Ricos North project operated by GoGold Resources Inc. in Mexico. Kingsmen is a publicly-traded company (TSXV: KNG,OTC:KNGRF) (OTCQB: KNGRF) (FSE: TUY) and is headquartered in Vancouver, British Columbia.

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.

Forward-Looking Statements:

Certain disclosure contained in this news release may constitute forward-looking information or forward-looking statements, within the meaning of Canadian securities laws. These statements may relate to this news release and other matters identified in the Company’s public filings. In making the forward-looking statements the Company has applied certain factors and assumptions that are based on the Company’s current beliefs as well as assumptions made by and information currently available to the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These risks and uncertainties include but are not limited to: the political environment in which the Company operates continuing to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases; risks related to negative publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community relations. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276747

Cassiar Gold Corp. (TSXV: GLDC,OTC:CGLCF) (OTCQX: CGLCF) (the ‘Company’) is pleased to announce results from nine initial diamond drill holes of the 2025 exploration program at the Taurus Deposit, which is located within the Cassiar Gold Project, in northern British Columbia. Results from these drill holes demonstrate potential for ongoing expansion of near-surface mineralization along key structural trends and increase the population of high-grade, visible gold-bearing veins at the deposit. The 2025 drill program comprised 7,308 meters (m) over 20 drill holes and concluded in early October. Results are pending for 5,243 m of drilling over 11 drill holes from the Newcoast regional prospect which lies 2 kilometers (km) to the south.

Highlights:

Drill holes from the Taurus deposit reported here encountered significant intercepts above the 0.4 grams per tonne (g/t) gold (Au) cutoff of the 2025 Mineral Resource at Taurus^[1], with repeated occurrence of high-grade samples hosted within broader mineralized intervals. Results expand mineralization near surface and beyond the extent of the current resource block model.

Drilling intercepts are uncapped unless otherwise stated and represent apparent widths of mineralized zones. A full summary of the latest results can be found in Table 1, and include:

• Drill hole 25TA-245 encountered multiple quartz veins with visible gold, returning:
  • 13.4 m of 13.4 g/t Au (2.05 g/t Au capped) from 28.2 m downhole in drill hole 25TA-245, including:
    • 56.10 g/t Au over 0.3 m, and
    • 210.71 g/t Au over 0.8 m, with 0.4 m of 369.00 g/t Au

• Drill hole 25TA-242:
  • 21.9 m of 2.81 g/t Au (2.80 g/t Au capped) from 45.8 m downhole, including:
    • 9.41 g/t Au over 1.5 m,
    • 5.41 g/t Au over 2.7 m, and
    • 6.90 g/t Au over 2.3 m, with 0.30 m of 20.30 g/t Au

• Drill hole 25TA-238:
  • 21.7 m of 1.30 g/t Au from 13.1 m down hole, including
    • 8.1 m of 2.18 g/t Au and 0.9 m of 5.11 g/t Au
  • 11.3 m of 1.21 g/t Au, including
    • 0.6 m of 8.33 g/t Au, and 0.8 m of 7.38 g/t Au
  • 0.9 m of 27.18 g/t Au (9.63 g/t Au capped), including 59.50 g/t Au

• Drill hole 25TA-239:
  • 7.56 g/t Au over 2.0 m, including 0.4 m of 19.55 g/t Au and 0.8 m of 9.14 g/t Au

‘Our exploration programs demonstrate the Cassiar Gold Project holds meaningful potential as a gold resource expansion opportunity in an important region in British Columbia,’ stated Marco Roque, President and Chief Executive Officer of Cassiar Gold. ‘Confirming continuity and establishing extensions of near-surface higher-grade mineralization in the Taurus East, Southwest, and Sable areas demonstrates that this well-established foundational resource can continue to grow.’

‘Our drilling continues to delineate and extend new higher-grade trends within and adjacent to the Taurus deposit,’ stated Jill Maxwell, VP Exploration of Cassiar Gold. ‘We continue to intersect visible gold in structures across the deposit, with opportunity to identify new trends and advance higher-grade domains along-strike and down-dip in future programs. The results from Taurus East are particularly encouraging as we continue to evaluate the emerging volume potential at recently established satellite zones in the resource area, within the footprint of the existing mine permit.’

Figure 1. Cassiar North 2025 drill campaign drill hole location plan map of expansion and exploration drilling at the Taurus deposit and Newcoast prospect, with locations of drill holes reported within this news release contained within the blue outline (shown in detail in Figure 4).

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Taurus Deposit

The Taurus Deposit hosts a recently updated substantial near-surface, bulk-tonnage gold resource comprising an Indicated Mineral Resource of 8.8 million tonnes at 1.43 g/t Au for 410,000 ounces; with an additional Inferred Mineral Resource of 63.2 million ounces at 0.95 g/t Au for 1.93 million ounces^[1], which remains open for expansion. Mineralization outcrops in places, with 91% of the ounces in the resource occurring within 150 m of surface. Ongoing expansion of the deposit footprint and follow up to recently identified higher grades trends remained a priority during the 2025 exploration campaign. A total of nine drill holes were completed at the Taurus deposit this season.

2025 Taurus Drill Holes

The drilling results reported in this news release are from nine drill holes totaling 2,066 m which tested the outer margins of the known extents of the Taurus deposit. Drilling was distributed across a 1.3-kilometer corridor of the deposit footprint to evaluate the expansion potential of mineralization beyond the block model with step outs ranging from 30 m up to 110 m. The program also followed up to recently identified quartz veins hosting higher grade gold mineralization along key controlling structural trends (Figure 1). Several higher-grade sample intervals were intersected internal to broader mineralized intercepts (Table 1). These extend the distribution of near-surface mineralization south, east, and west of previous drilling along an extensive east-northeast striking corridor of sheeted extensional vein sets within an associated prospective, Au-bearing carbonate-pyrite alteration halo.

Taurus East: drill holes 25TA-243 through 25TA-246

Drill hole 25TA-245 (west-oriented), aimed to evaluate the potential to expand the footprint of the 2025 resource model toward surface through testing potential parallel veins and interpreted extensions of mineralized veining. Drill holes 25TA-243, -244, and -246 (northwest oriented) were designed to test the potential for parallel sets, as well as extensions of veins along-strike and down-dip to the east, west, and south beyond the extent of the 2025 block model.

All of these drill holes returned gold-mineralized intercepts, including 25TA-245 which encountered high grade samples with visible gold hosted within broader intervals. These drill holes collectively expand the footprint of known mineralization near-surface and along strike to the south, west, and east beyond the extend of the 2025 block model. Results include (Table 1; Figures 2,3,4):

• Drill hole 25TA-245 encountered multiple specks of visible gold, returning:
  • 13.4 m of 13.53 g/t Au (2.05 g/t Au capped) from 28.2 m downhole, including
    • 0.3 m of 56.10 g/t Au, and
    • 0.8 m of 210.71 g/t Au with 0.4 m of 369.00 g/t Au,

• 27.3 m of 0.65 g/t Au from 88.4 m downhole, including 1.1 m of 4.42 g/t Au with 0.6 m of 6.01 g/t Au in hole 25TA-244, and
• 3.6 m of 1.48 g/t Au from 61.2 m downhole, including 0.5 m of 7.08 g/t Au in 25TA-243.

Figure 2. Vertical section of drill hole 25TA-245 at Taurus East, looking to the south. Assay results in red text, along with select higher grade nested intervals in black, are reported in this new release. Section width +/- 25 m. Location of section line A-A’ is shown in plan view Figure 4. See Table 1 for comprehensive assay highlights.

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Figure 3. Visible gold in drill hole 25TA-245 observed in quartz veins hosted in Fe-carbonate-sericite altered and sulphide-mineralized basalt.

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Figure 4. Plan view map of 2025 drill holes reported in this news release. The map location is shown in Figure 1. The vertical projection of mineralized intercepts reported in this release are included for reference, the blue dashed line denoted A – A’ represents the section line location for Figure 2.

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Sable: drill holes 25TA-242, -240

Drill hole 25TA-242 (south-oriented) was designed to test an eastward extension of a higher-grade domain of mineralized quartz veining by evaluating the potential influence of an interpreted discrete northeast target plane previously untested at this locale. Drill hole 25TA-240 (southwest-oriented) aimed to test for down dip extensions of known mineralization at Sable.

Mineralization was encountered at the interpreted extensions of mineralized trends at Sable, beyond the extent of the current resource block model. Results include (Table 1; Figure 3):

• Multiple intercepts returned in hole 25TA-242:
  • 21.9 m of 2.81 g/t Au (2.80 g/t Au capped) from 45.8 m downhole, including
    • 1.5 m of 9.41 g/t Au, and
    • 2.7 m of 5.41 g/t Au with 0.4 m of 8.01 g/t Au,
    • also including 0.6 m of 7.35 g/t Au, and
    • 2.3 m of 6.90 g/t Au with 0.3 m of 20.30 g/t Au;
  • 16.0 m of 0.84 g/t Au from 123.0 m downhole, including 3.1 m of 2.72 g/t Au with 0.5 m of 6.12 g/t Au

• 9.8 m of 1.08 g/t Au from 70.5 m downhole, including 0.5 m of 6.79 g/t Au in hole 25TA-240

Taurus Southwest and Central: drill holes 25TA-238, -239, -241

Drill hole 25TA-238 and 25TA-239 (north-oriented) were designed as follow up to expansion holes from the 2024 drill program which encountered intervals of higher-grade mineralization and visible gold within broader intercepts, such as drill hole 24TA-236 with 184.50 g/t Au over 0.3 m nested in a broader intercept of 3.18 g/t Au over 21.9 m (see NEWS RELEASE, January 16, 2025), while 25TA-241 was designed to test for parallel vein sets to the south of the 2025 Taurus resource.

All drill holes from the Southwest and Central areas returned gold-mineralized intercepts, including 25TA-238 which encountered high grade mineralization with visible gold hosted within a broader interval. Results include (Table 1; Figure 4,5):

• Drill hole 25TA-238:
  • 21.7 m of 1.30 g/t Au from 13.1 m downhole, including 8.1 m of 2.18 g/t Au and 0.9 m of 5.11 g/t Au
  • 11.3 m of 1.21 g/t Au from 101.4 m downhole, including 0.6 m of 8.33 g/t Au and 0.8 m of 7.38 g/t Au
  • 0.9 m of 27.18 g/t Au (9.63 g/t Au capped) from 148.9 m downhole, including 0.4 m of 59.50 g/t Au with visible gold

Figure 5. Visible gold in drill hole 25TA-238 observed in quartz veins hosted in Fe-carbonate-sericite altered and sulphide-mineralized basalt.

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Summary

Drilling at the Taurus deposit continues to demonstrate potential for ongoing expansion of near-surface mineralization along the main east-northeast striking sheeted vein sets than defined by the 2025 mineral resource estimate. Drill holes reported here increase the population of high-grade, visible gold-bearing veins at the deposit, such as drill hole 25TA-245 which delivered 0.3 m grading 56.10 g/t Au and 0.4 m grading 369.00 g/t, and hole 25TA-238 with 59.50 g/t over 0.4 m, nested in broader intercepts (Table 1). The technical team continues to evaluate the distribution of these higher-grade results to refine target interpretations to support future programs and regional targeting efforts.

Table 1. Significant 2025 drilling results from Taurus Deposit based on a >0.4 g/t cutoff.

Options

On December 2, 2025, the Company granted 2,270,000 stock options (the ‘Options’) to certain directors, officers, employees and consultants of the Company pursuant to its 10% rolling share option plan (‘Stock Option Plan’). The Options will vest with 2/3 of the Options vesting in 12 months from the date of grant, and the remaining 1/3 of the Options vesting in 24 months from the date of grant, at an exercise price of the Options will be $0.29.

Quality Assurance (QA) and Quality Control (QC)

The 2025 Cassiar drilling program comprises HQ diamond drill core. Drill core samples are selected and logged by geologists prior to being cut in half using a diamond cutting saw at a secure facility located in Jade City, British Columbia. Certified gold reference standards and blanks are routinely inserted into the sample stream as part of the Company’s QA/QC program. All samples are delivered to the ALS Global preparation facility in Whitehorse, Yukon, then shipped to ALS Global preparation and analytical facilities in Vancouver, British Columbia. Samples are analyzed for gold by 50-gram fire assay with finish by atomic absorption or gravimetric methods. Screen metallic analysis is performed on selected samples. ALS Global quality systems and technical aspects conform to requirements of ISO/IEC Standard 17025 guidelines.

About Cassiar Gold Corp.

Cassiar Gold Corp. is a Canadian gold exploration company holding a 100% interest in its flagship Cassiar Gold Property located in British Columbia, Canada. The Cassiar Gold property spans 590 km² and consists of two main project areas:

1. Cassiar North, which hosts an updated Mineral Resource Estimate (MRE) for the Taurus deposit prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards incorporated by reference in NI 43-101. The pit-constrained MRE contains Indicated Mineral Resources of 8.8 million tonnes (Mt) at 1.43 grams per tonne gold (g/t Au) for 410,000 ounces of gold in addition to Inferred Mineral Resources of 63.2 Mt at 0.95 g/t Au for 1.93 million ounces (Moz) of gold using a 0.4 g/t Au cut-off grade; 91% of ounces occur within 150 m of surface (see NI 43-101 Technical Report titled ‘National Instrument 43-101 Technical Report on the Cassiar Gold Property’, prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025).; and
2. Cassiar South, which hosts numerous gold showings, historical workings, and exploration prospects. Historical underground mines in the Cassiar South area have yielded over 315,000 oz of Au at average head grades of between 10 and 20 g/t Au (NI 43-101 Technical Report titled ‘National Instrument 43-101 Technical Report on the Cassiar Gold Property’, prepared by Zelligan, P.Geo, and Jolette, P.Geo, and dated effective June 8, 2025), underscoring the high potential for further discovery and expansion of high-grade orogenic gold veins.

The Company also holds a 100% interest in properties covering most of the Sheep Creek gold camp located near Salmo, British Columbia, Canada. The Sheep Creek gold district ranks as the third largest past-producing orogenic gold district in British Columbia from 1900 to 1951. Minimal exploration work has been conducted since the 1950s.

Qualified Persons

Jill Maxwell, P.Geo., Cassiar Gold Corp.’s VP Exploration, who is a Qualified Person as defined by National Instrument 43-101 has verified and approved the technical information in this press release.

Cassiar Gold Corp. acknowledges, respects, and supports the rights of Traditional First Nations in the lands and communities where we operate.

Forward-Looking Statements

This press release may contain forward-looking statements including those describing Cassiar Gold’s future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Cassiar Gold and its management. In particular, this news release contains forward-looking statements pertaining, directly or indirectly, to: timing and extent of planned drilling, potential for new discoveries, timing for providing assay results, conceptual areas for extension and expansion, size of the 2025 drill campaign, results from drilling and the risks and assumptions set out in the NI 43-101 Report.

Although Cassiar Gold believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties, actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, general economic, market or business conditions, risks associated with the exploration and development industry in general (e.g., operational risks in development, exploration and production; the uncertainty of mineral resource estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), constraint in the availability of services, commodity price and exchange rate fluctuations, a pandemic, changes in legislation impacting the mining industry, adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.

Readers are cautioned that the foregoing list of risk factors should not be construed as exhaustive. These statements speak only as of the date of this release or as of the date specified in the documents accompanying this release, as the case may be. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as expressly required by applicable securities laws.

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.

‘National Instrument 43-101 Technical Report on the Cassiar Gold Property’ by Zelligan, P.Geo, and Jolette, P.Geo.

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