Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; ‘ BRW ‘ or the ‘ Company ‘) is pleased to report a further six drill results from the Winter 2025 program at its Mirage Project. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec, approximately 40 kilometres south of the Trans-Taïga Road. This press release focuses primarily on drilling completed north and east of the MR-6 dyke and, in the neighboring, ‘Stacked Dyke’ area, where BRW continues to intersect dozens of well-mineralized spodumene-bearing pegmatites.

Highlights include:

• A newly discovered dyke located approximately 250 metres northeast of MR-6, which returned 29.25 metres at 1.19% Li   ₂   O in hole MR-25-115 and it remains open in all directions.
• The ‘Stacked Dyke’ area has been extended 150 m to the northeast, with hole MR-25-106 intercepting 1.01% Li   ₂   O over 17.4 metres . The area continues to show significant potential and widespread mineralization over the entire length of the drill holes.

Mr. Killian Charles, President and CEO of BRW, commented: ‘Every drill campaign has underscored the potential of the Mirage project. As we begin to step out from the core area of interest, we continue to intersect new, significant, well-mineralized pegmatites, all located near surface and this release is no different. We have again extended both the footprint of the Stacked Dyke area and found new sub-parallel mineralization adjacent to MR-6. We believe the forthcoming resource estimate, expected in late 2025, will position Mirage as one of the most important lithium projects in the province of Quebec.

Looking further ahead, we expect to have news related to our Greenlandic summer program shortly and look forward to the start of drilling at our Anatacau project in late Q3.’

Mirage Project Drilling Overview

The Mirage Project comprises 427 claims located roughly 40 kilometers south of the Trans-Taiga Highway in Quebec’s James Bay region and 34 kilometers northeast of Winsome Resources’ Adina Project.

The drilling campaign focused on extending the mineralized Stacked Dyke area to the northeast. Highlights discussed in this release are shown in Table 1 and Figure 1. Collars are shown in Table 2.

Figure 1 : Central Zone of the Mirage Project

Drill hole MR-25-115 led to the discovery of a new spodumene-bearing pegmatite dyke, grading 1.19% Li₂O over 29.25 metres from 92.6 metres to 121.85 metres. This new dyke is interpreted as being subparallel to the MR-6 dyke, with an orientation of N140/30, and it highlights the potential for pegmatites to occur in close proximity to each other. The new dyke remains open in all directions.

Figure 2: Section A-A’

Drill holes MR-25-105, MR-25-106, and MR-25-108 extended the ‘Stacked Dyke’ zone by 150 metres to the northeast, with a total of 32 mineralized dykes intersected across all three holes. The most significant pegmatite in these new holes returned a grade of 1.01% Li₂O over 17.4 metres, from a downhole depth of 45.5 metres to 62.9 metres. Oriented drilling in this area confirms an average dyke orientation of N70/70 similar to those identified in the South Zone, unlike the two main dykes of the Central Zone, MR-3 and MR-6.

Drill hole MR-25-104, located approximately 1 km northeast of MR-6, targeted a highly prospective geological setting analogous to MR-4 and returned anomalous lithium values up to 502 ppm Li in sedimentary units and 902 ppm Li in basalts, over a drill hole length of 222 metres. A small dyke, measuring approximately 2-metres wide, with spodumene pseudomorphs was intercepted; however, the length and strength of the lithium anomaly observed in the host rocks are considerably higher than the dyke. This new drill hole potentially extends the lithium footprint of the Orion Lake sector, where most of the drilling has occurred to date, to a length of over 3km. At this time, the lithium anomaly remains unexplained and will be the focus of a future drill campaign.

Table 1 : 2025 Drilling Program Mentioned in this Release

Table 2 : 2025 Drilling Collars Mentioned in this Release

QAQC

All drill core samples were collected under the supervision of BRW employees and contractors. The drill core was transported by helicopter and by truck from the drill platform to the core logging facility in Val-d’Or. Each core was then logged, photographed, tagged, and split by diamond saw before being sampled. All pegmatite intervals were sampled at approximately 1-meter intervals to ensure representativity. Samples were bagged; duplicated on reject, blanks and certified reference materials for lithium were inserted every 20 samples. Groups of samples were placed in larger bags, sealed with numbered tags, in order to maintain a chain of custody. The sample bags were transported from the BRW contractor facility to the AGAT laboratory in Val-d’Or. All sample preparation and analytical work was performed by AGAT by sodium peroxide fusion with ICP-OES and ICP-MS finish. All results passed the QA/QC screening at the lab and all inserted standard and blanks returned results that were within acceptable limits. All reported drill intersections are calculated based on a lower cutoff grade of 0.3% Li2O, with maximum internal dilution of 5 meters. Host basalts adjacent to the dykes may grade up to 0.3% Li2O but were excluded from the reported intersections.

Qualified Person

The scientific and technical information contained in this press release has been reviewed and approved by Mr. Simon T. Hébert, VP Development. He is a Professional Geologist registered in Quebec and is a Qualified Person as defined by National Instrument 43-101.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing the most extensive grassroots lithium property portfolio in Canada and Greenland.

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by 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 news release.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/cb41f1b3-9200-4c6a-9819-235efed0965a  
  https://www.globenewswire.com/NewsRoom/AttachmentNg/7d87780b-9239-4952-949e-93c273f4b8f5

Investor Relations/information Mr. Killian Charles, President and CEO (info@brwexplo.ca)

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the ‘Company’) is pleased to announce the remaining assay results from its late 2024 diamond drilling program at its 100% owned, 35,705 hectare Moore Uranium Project, which totaled 2,759 metres in nine holes. The project is located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure for Cameco’s Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. A highlight from this program was from hole ML24-15, which intersected 6.4 metres of 1.50% U 3 O 8 from a relatively shallow downhole depth of 275.0 metres to 281.4 metres, including 4.74% U 3 O 8 over 1.5 metres. Hole ML24-15 was drilled well outside the known footprint of the high-grade Maverick East Zone, extending its high-grade core approximately 42 metres to the northeast representing one of the most consequential expansion drill holes at the Project. Skyharbour plans to continue advancing Moore through additional drilling this summer, alongside the fully-funded multi-phased drill programs at the Company’s adjacent Russell Lake Uranium Project.

Moore Uranium Project Claims Map:
https://skyharbourltd.com/_resources/images/Sky_MooreLake.jpg?v=1

Jordan Trimble, President and CEO of Skyharbour Resources, stated: ‘Drill hole ML24-15 represents a significant development at the Moore Project as it extends the high-grade Maverick East Zone over 40 metres to the northeast. The drill result demonstrates the high-grade, shallow nature of uranium mineralization and opens up the area to additional drilling and potential resource expansion. We are preparing for another phase of low-cost drilling this summer at Moore to further delineate the numerous high-grade zones of uranium on the Maverick Corridor, and we also plan to test prospective regional targets that have had limited drill-testing historically. Furthermore, our ongoing drilling is progressing very well at our co-flagship and adjacent Russell Lake project with additional news forthcoming from both projects.’

Highlights:

• Hole ML24-15 intersected 6.4 metres of 1.50% U ₃ O ₈ from a relatively shallow downhole depth of 275.0 metres to 281.4 metres, including 4.74% U ₃ O ₈ over 1.5 metres.

• Notably, the hole was drilled well outside the known footprint of the Maverick East Zone, extending its high-grade core approximately 42 metres to the northeast. This illustrates the strong expansion potential at the high-grade zones.

• Preparation is underway for a fully-funded 4,500 – 5,000 metre summer drill program at Moore focused at Main Maverick and Maverick East Zones as well as high-priority regional targets.

• Ongoing first phase of drilling consisting of a minimum of 5,000 metres at the Russell Lake Project, focusing on the newly discovered Fork Zone, which has high-grade uranium mineralization hosted at the unconformity, as well as testing other newly identified high-priority targets at the Fox Lake Trail and Sphinx targets.

• In total, the company is planning to drill between 16,000 – 18,000 metres across the Russell and Moore projects this year and is fully funded and permitted to do so.

Summary of 2024 Drilling Campaign at Moore:

The phase of drilling on the Moore Project later in 2024 totalled 2,759 metres in nine holes. Of the nine holes, four holes (ML24-10 to -12 and ML24-18) focused on the Main Maverick Zone and five holes (ML24-13 to -17) on the Maverick East Zone. The primary objective of the summer program was to extend and expand the boundaries of the Main Maverick and Maverick East Zones with all but one hole successfully intersecting uranium mineralization. Drill hole ML24-15 which intersected 6.4 m of 1.50% U ₃ O ₈ successfully expands the Maverick East zone over 40 metres along strike to the northeast with more drilling warranted in the area.

Moore Uranium Project Regional Grid Targets Map:
‎ http://skyharbourltd.com/_resources/maps/Moore-Lake-Property-Wide.jpg

Four exploration holes totalling 1,195 metres were drilled in and around the Main Maverick Zone to expand the shallow high-grade mineralized zone. All of these holes were drilled vertically and intersected significant uranium mineralization at the unconformity, centred around 265 metres to 275 metres downhole depth. The majority of the high-grade uranium mineralization at the Main Maverick Zone is sandstone-hosted, situated at or just above the unconformity. Hole ML24-11 intersected 0.76% U ₃ O ₈ over 1.0 m starting at 268.0 m depth, including 1.09% U ₃ O ₈ over 0.5 m, and 0.40% U ₃ O ₈ over 0.5 m at 285.0 m. Hole ML24-12 intersected 0.21% U ₃ O ₈ over 1.0 m starting at 268.0 m depth. Hole ML24-18 intersected 0.10% U ₃ O ₈ over 5.5 m starting at 271.0 m.

Main Maverick Zone Drilling Map:
https://www.skyharbourltd.com/_resources/news/Maverick_Main_2024.jpg

An additional five exploration holes, totalling 1,564 metres, were drilled in and around the Maverick East Zone to connect mineralization with Main Maverick and to expand mineralization east along strike. Four of these holes were drilled vertically, and one oriented hole was drilled to obtain structural measurements. Much like at Main Maverick, mineralization is concentrated directly above the unconformity, between 260 metres and 285 metres. Hole ML24-13 intersected 0.14% U ₃ O ₈ over 6.4 m starting at 268.5 m, including 0.63% U ₃ O ₈ over 1.0 m at 269.0 m, and 0.30% U ₃ O ₈ over 1.0 m at 273.9 m. Hole ML24-14 intersected 0.04% U ₃ O ₈ over 1.0 m starting at 287.2 m. Hole ML24-15 intersected 1.50% U ₃ O ₈ over 6.4 m starting at 275.0 m depth, including 4.74% U ₃ O ₈ over 1.5 m. Hole ML24-16 intersected 0.10% U ₃ O ₈ over 0.5 m starting at 314.0 m. Hole ML24-17 intersected 0.16% U ₃ O ₈ over 3.0 m starting at 274.0 m depth.

Maverick East Zone Drilling Map:
https://www.skyharbourltd.com/_resources/news/Maverick_East_2024.jpg

In addition to the assay results reported here, previously reported drill results from the first phase of drilling earlier in 2024 included notable high-grade intercepts at Moore. Highlight drill hole ML24-08 intersected 5.0 metres of 4.61% U ₃ O ₈ between 265.5 metres and 270.5 metres depth including 3.0 metres of 7.30% U ₃ O ₈ between 266.0 metres to 269.0 metres depth at the Main Maverick Zone. Another notable hole was ML 24-03, which intersected a broad interval of mineralization grading 1.11% U ₃ O ₈ over 11.5 metres between 266.8 metres to 278.3 metres depth, including 5.87% U ₃ O ₈ over 2.0 metres (see news release dated July 11 ^th , 2024).

2025 Summer and Fall Drilling Plans:

Skyharbour is planning for an additional, fully-funded 4,500 – 5,000 metres of drilling at the Main Maverick and Maverick East Zones to further expand, characterize and define the extents of the mineralized zones. Both of these high-grade zones are open along strike and at depth, with little historical drilling testing the underlying basement rocks. Furthermore, Skyharbour plans to test regional targets at Moore that have been further refined with modern geophysics and new geological modelling. This drilling will take place in conjunction with the multi-phased drilling campaign this year at the adjacent Russell Lake Project. Both drilling programs will be run using the Company’s McGowan Lake camp on Highway 914 as a base of operations, making exploration at both properties very cost-effective. In total, the company plans to drill 16,000 – 18,000 metres in 35 – 45 drill holes across the projects in 2025.

Moore Uranium Project Overview:

In June 2016, Skyharbour secured an option to acquire Denison Mine’s Moore Uranium Project, on the southeastern side of the Athabasca Basin, in northern Saskatchewan and has since fulfilled its earn-in. The project consists of 12 contiguous claims totaling 35,705 hectares located 42 kilometres northeast of the Key Lake mill, approx. 15 kilometres east of Denison’s Wheeler River project, and 39 kilometres south of Cameco’s McArthur River uranium mine. Unconformity-hosted uranium mineralization was discovered on the Moore Project at the Maverick Zone with historical drill highlights consisting of 4.03% eU ₃ O ₈ over 10 metres, including 20% eU ₃ O ₈ over 1.4 metres, in ML-161. In 2017, Skyharbour announced drill results of 6.0% U ₃ O ₈ over 5.9 metres, including 20.8% U ₃ O ₈ over 1.5 metres at a vertical depth of 265 metres, in hole ML-199. In addition to the Main and East Maverick Zones, the project hosts other mineralized targets with strong discovery potential which the Company plans to test with future drill programs. The project is fully accessible via winter and ice roads which simplifies logistics and lowers costs. Large proportions of the property are accessible in the summer as well.

Moore Lake Uranium Project Geophysics Map:
‎ http://skyharbourltd.com/_resources/maps/MooreLake-Basic-geo-revamp.jpg

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour, as well as a Qualified Person.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-six projects covering over 614,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-11-21_v1.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

Skyharbour Resources Ltd.

‘Jordan Trimble’
_________________________________
Jordan Trimble
President and CEO

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
Skyharbour Resources Ltd.
‎Telephone: 604-558-5847
‎Toll Free: 800-567-8181
‎Facsimile: 604-687-3119
‎Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

Walker Lane Resources Ltd. (TSX-V: WLR) (Frankfurt:ZM5P) (‘WLR’ or the ‘Company’) is pleased to announce the terms to its best efforts non-brokered private placement. The proposed terms are to issue 4,000,000 non-flow through units at a price of C$0.12 per unit (the NFT Units’) and 6,000,000 flow-through units at a price of $0.14 per unit (the ‘ FT Units’) of the Company for aggregate gross proceeds of up to C$1,320,000 (collectively, the ‘ Offering ‘).  There may be agents who will be acting as finder on behalf of the Company in relation to the Offering.

Each Unit will consist of one common share of the Company (each, a ‘ Unit Share ‘) and one full Warrant.  Each whole Warrant will entitle the holder thereof to acquire one non-flow-through common share of the Company (each, a ‘ Warrant Share ‘) at a price of C$0.16 per Warrant Share for a period of 24 months from the closing date of the Offering.  The proposed closing date of the Offering is on or before

The net proceeds from the sale of Units will be used to;

• fund property expenses and exploration at the WLR’s properties in Yukon, British Columbia and Nevada which may include drilling activities on its Amy Project in British Columbia, pending receipt of an exploration permit, or other properties; and
• general working capital,

The Company may pay finders’ fees comprised of cash and non-transferable warrants (the ‘ Finder’s Warrants ‘) in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange. The terms of the Finder’s Warrants will be the same as the Warrants distributed in the Units. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Closing is subject to customary closing conditions including, but not limited to, the negotiation and execution of subscription agreements and receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange.

The securities being offered will not be registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’ ), or any applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or ‘U.S. persons,’ as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an exemption from such registration requirements.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Qualified Person

Qualified Person Kevin Brewer, a registered professional geoscientist, is the Company’s President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has given his approval of the technical information pertaining reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.

About Walker Lane Resources Ltd.

Walker Lane Resources Ltd.  is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada (i.e., Tule Canyon, Cambridge and Silver Mountain) and the Rancheria Silver District in Yukon/B.C. (Amy and Silver Hart/Blue Heaven) and Logjam ( Yukon). The Company intends to initiate an aggressive exploration program to advance the Amy (Rancheria Silver, B.C.) projects through an aggressive drilling program to resource definition stage in the near future. An exploration  permit application is currently being reviewed for the Amy Project.

On behalf of the Board:
‘Kevin Brewer’
Kevin Brewer, President, CEO and Director
Walker Lane Resources Ltd.

For Further Information and Investor Inquiries:

Kevin Brewer,
P. Geo., MBA, B.Sc. (Hons), Dip. Mine Eng.
President, CEO and Director
Tel: (709) 327 8013
kbrewer80@hotmail.com
Suite 1600-409 Granville St., Vancouver, BC, V6C 1T2

Cautionary and Forward Looking Statements

This press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘anticipate’, ‘plans’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘should’, ‘believe’ ‘targeted’, ‘can’, ‘anticipates’, ‘intends’, ‘likely’, ‘should’, ‘could’  or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the  Silver Hart, Blue Heaven and Logjam properties in Yukon and the Bridal Veil property in Newfoundland and Labrador all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remain subject to the condition of the option of the Silverknife property with Coeur Mining Inc. These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.

Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.

The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes ‘future-oriented financial information’ or ‘financial outlooks’ within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.

Results such as 12.7g/t AuEq over 3.3m confirm multiple parallel zones and show
Golden Eye is emerging as a significant new plank of the production hub strategy

HIGHLIGHTS:

• Latest results from Golden Eye confirm multiple parallel zones with significant mineralisation; Results include:
  • 4.3m @ 9.8g/t AuEq (7.5g/t Au, 1.6% Cu & 23.9g/t Ag) (LDR-25-10)
  • 3.3m @ 12.7g/t AuEq (8.4g/t Au, 3.1% Cu & 30.2g/t Ag) (LDR-25-09)
    • Including 1.9m @ 21.1g/t AuEq (14.2g/t Au, 4.9% Cu & 47.5g/t Ag)
  • 2.5m @ 7.3g/t AuEq (5.9g/t Au, 0.9% Cu & 14.9g/t Ag) (LDR-25-10)
  • 3.3m @ 3.8g/t AuEq (3.2g/t Au, 0.4% Cu & 3.5g/t Ag) (LDR-25-09)
• Cygnus intends to use the new results and the compiled historic drill data, totalling 77 holes for 21,371m, to complete an initial Mineral Resource for Golden Eye
• Significant intersections from historic drilling ² include:
  • 5.9m @ 34.1g/t AuEq (32.2g/t Au, 1.2% Cu & 27.3g/t Ag) (RD-11)
  • 4.5m @ 21.6g/t AuEq (14.9g/t Au, 4.7% Cu & 54g/t Ag) (RD-28)
  • 8.4m @ 12.7g/t AuEq (11.0g/t Au, 1.3% Cu & 15.8g/t Ag) (RD-20)
  • 7.5m @ 22.1g/t AuEq (16.0g/t Au & 4.7% Cu) (S1-87-1)
  • 10.4m @ 12.2 g/t AuEq (7.3g/t Au, 3.5% Cu & 31.8g/t Ag) (S3-86-4)
• Golden Eye has never been mined and was last drilled in the early 1990s when gold was less than US$350/oz.   The entire drilling target sits outside the current Mineral Resource ¹
• Importantly Golden Eye remains open at depth with 2.9m @ 10.2g/t AuEq in deepest hole from recent campaign ³
• The Golden Eye prospect sits 3km from Cygnus’ central processing plant and has existing dual ramp access within 150m of the mineralisation
• Gold was a significant part of the historic production within the Chibougamau District, with over 3.5Moz of gold produced alongside 945,000t of copper. ⁴

Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) (‘Cygnus’ or the ‘Company’) is pleased to announce further high-grade assays from the Golden Eye prospect within the Chibougamau Copper-Gold Project in Quebec.

Recent results from two diamond holes have revealed the presence of multiple parallel mineralised zones with gold-copper-silver mineralisation. The results from the latest assays include:

• 3.3m @ 3.8g/t AuEq from 174.2m (3.2g/t Au, 0.4% Cu & 3.5g/t Ag) (LDR-25-09) ;
• 3.3m @ 12.7g/t AuEq from 209.6m (8.4g/t Au, 3.1% Cu & 30.2g/t Ag) (LDR-25-09) ;
  • Including 1.9m @ 21.1g/t AuEq (14.2g/t Au, 4.9% Cu & 47.5g/t Ag);
• 2.5m @ 7.3g/t AuEq from 226.5m (5.9g/t Au, 0.9% Cu & 14.9g/t Ag) (LDR-25-09) ;
• 2.7m @ 3.5g/t AuEq from 147.7m (1.5g/t Au, 1.3% Cu & 23.0g/t Ag) (LDR-25-10) ; and
• 4.3m @ 9.8g/t AuEq from 157.8m (7.5g/t Au, 1.6% Cu & 23.9g/t Ag) (LDR-25-10) ;
  • Including 2.0m @ 18.8g/t AuEq (14.6g/t Au, 2.8% Cu & 43.5g/t Ag).

These results are in addition to previously released results ^2,3 from Golden Eye:

• 3.3m @ 6.6g/t Au from 131.7m (LDR-25-05) ;
  • Including 2.3m @ 9.1g/t Au;
• 7.4m @ 5.7g/t AuEq (4.6g/t Au, 0.9% Cu & 5.6g/t Ag) from 405.6m (LDR-25-08) ; and
  • Including 3.1m @ 9.6g/t AuEq (7.4 g/t Au, 1.6% Cu & 10.0g/t Ag);
• 2.9m @ 10.2g/t AuEq (8.3g/t Au, 1.4% Cu & 3.3g/t Ag) from 463.8m (LDR-25-08) ;
  • Including 0.4m @ 60.8g/t AuEq (51.3g/t Au, 7.2% Cu & 18.0g/t Au).

With the drilling at Golden Eye completed and the majority of assays returned (assays are pending for one hole), the focus has shifted towards establishing an initial resource for Golden Eye. This will include the six holes for 1,954m completed this year as well as the compiled historic data which includes 77 holes for 21,371m. Significant historic drill intercepts ² dating back to the 1990s returned:

• 5.9m @ 34.1g/t AuEq (32.2g/t Au, 1.2% Cu & 27.3g/t Ag) (RD-11);
• 4.5m @ 21.6g/t AuEq (14.9g/t Au, 4.7% Cu & 54g/t Ag) (RD-28);
• 8.4m @ 12.7g/t AuEq (11.0g/t Au, 1.3% Cu & 15.8g/t Ag) (RD-20);
• 7.5m @ 22.1g/t AuEq (16.0g/t Au & 4.7% Cu) (S1-87-1); and
• 10.4m @ 12.2 g/t AuEq (7.3g/t Au, 3.5% Cu & 31.8g/t Ag) (S3-86-4).

Defining a new resource at Golden Eye, with its existing double ramp access as well as being located within 3km of the 100%-owned 900,000tpa central processing facility, is a significant head start down the development pathway of the project. With this infrastructure already in place alongside the near surface high-grade mineralisation with significant gold as well as copper and silver, there is significant scope to enhance future mining studies. Importantly, Golden Eye remains open at depth and has only been drilled to 400m below surface with deepest drilling from the current campaign returning 2.9m @ 10.2g/t AuEq from 463.8m in LDR-25-08. Exploration drilling is being planned at depth to extend mineralisation and further enhance the pending resource.

Cygnus will continue to focus on resource growth and build upon the current high-grade copper-gold resources through low-risk brownfield exploration across the camp. This work includes ongoing compilation of historic data, with Golden Eye an excellent example of the value generated through this work which is helping to unlock this historic district.

Figure 1: Composite Long Section of Golden Eye over 600m of strike with significant gold grade of up to 34.1g/t AuEq over 5.9m. Mineralisation is still open at depth with 2.9m @ 10.2g/t AuEq intersected in LDR-25-08. Refer to Appendix A of this release for newly released drill intercepts and TSXV/ASX releases dated 15 October 2024, 24/25 March 2025 and 7/8 May 2025 for previously announced drilling results.

Figure 2: Composite Long Section through the Chibougamau North Camp illustrating Golden Eye with intersections of up to 5.9m @ 34.1g/t AuEq. Refer to TSXV/ASX releases dated 15 October 2024, 24/25 March 2025 and 7/8 May 2025 for previously announced drilling results.

Ongoing Work

Cygnus is continuing to compile the data across the camp and deliver additional drill targets as the Company looks to execute its strategy of value creation through resource growth and conversion drilling. This low-cost, low-risk approach includes both surface and downhole electromagnetics (‘EM’) to generate brownfield targets around known high quality mineralisation.

This announcement has been authorised for release by the Board of Directors of Cygnus.

About Cygnus Metals

Cygnus Metals Limited (ASX: CY5, TSXV: CYG, OTCQB: CYGGF) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

Forward   Looking Statements

This release may contain certain forward-looking statements and projections regarding estimates, resources and reserves; planned production and operating costs profiles; planned capital requirements; and planned strategies and corporate objectives. Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond Cygnus’ control. Cygnus makes no representations and provides no warranties concerning the accuracy of the projections and disclaims any obligation to update or revise any forward-looking statements/projections based on new information, future events or otherwise except to the extent required by applicable laws. While the information contained in this release has been prepared in good faith, neither Cygnus or any of its directors, officers, agents, employees or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this release. Accordingly, to the maximum extent permitted by law, none of Cygnus, its directors, employees or agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of the accuracy or completeness of the information or for any of the opinions contained in this release or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this release.

End Notes

1. The Mineral Resource estimate at the Chibougamau Project is a foreign estimate prepared in accordance with CIM Standards. A competent person has not done sufficient work to classify the foreign estimate as a mineral resource in accordance with the JORC Code, and it is uncertain whether further evaluation and exploration will result in an estimate reportable under the JORC Code. Refer to Appendix B for a breakdown of the Foreign Mineral Resource Estimate.
2. Refer to Cygnus’ TSXV/ASX announcements dated 15 October 2024 and 24/25 March 2025.
3. Refer to Cygnus’ TSXV/ASX announcement dated 7/8 May 2025.
4. Historic production statistics for the Chibougamau area are recorded in Leclerc. F, Harris. L. B, Bedard. J. H, Van Breeman. O and Goulet. N. 2012, Structural and Stratigraphic Controls on Magmatic, Volcanogenic, and Shear Zone-Hosted Mineralization in the Chapais-Chibougamau Mining Camp, Northeastern Abitibi, Canada. Society of Economic Geologists, Inc. Economic Geology, v. 107, pp. 963–989.

Qualified Persons and Compliance Statements

The scientific and technical information in this announcement has been reviewed and approved by Mr Louis Beaupre, the Quebec Exploration Manager of Cygnus, a ‘qualified person’ as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Exploration Results disclosed in this announcement are also based on and fairly represent information and supporting documentation compiled by Mr Beaupre. Mr Beaupre holds options in Cygnus. Mr Beaupre is a member of the Ordre des ingenieurs du Quebec (P. Eng.), a Registered Overseas Professional Organisation as defined in the ASX Listing Rules, and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Beaupre consents to the inclusion in this release of the matters based on the information in the form and context in which they appear.

The Company first announced the foreign estimate of mineralisation for the Chibougamau Project on 15 October 2024. The Company confirms that the supporting information included in the original announcement continues to apply and has not materially changed, notwithstanding the clarification announcement released by Cygnus on 28 January 2025 (‘Clarification’). Cygnus confirms that (notwithstanding the Clarification) it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the estimates in the original announcement continue to apply and have not materially changed. Cygnus confirms that it is not in possession of any new information or data that materially impacts on the reliability of the estimates or Cygnus’ ability to verify the foreign estimates as mineral resources in accordance with the JORC Code. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcement.

The information in this announcement that relates to previously reported Exploration Results at the Company’s projects has been previously released by Cygnus in ASX Announcements as noted in the text and End Notes. Cygnus is not aware of any new information or data that materially affects the information in these announcements. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements.

Individual grades for the metals included in the metal equivalents calculation for the foreign estimate are in Appendix B of this release. Metal equivalents for the foreign estimate of mineralisation have been calculated at a copper price of US$8,750/t, gold price of US$2,350/oz, with copper equivalents calculated based on the formula CuEq (%) = Cu(%) + (Au (g/t) x 0.77258). Individual grades for the metals included in the metal equivalents calculation for the exploration results are in Appendix A of this release. Metal equivalents for exploration results have been calculated at a copper price of US$8,750/t, gold price of US$2,350/oz and silver price of US$25/oz. Copper equivalents are calculated based on the formula CuEq(%) = Cu(%) + (Au(g/t) x 0.77258)+(Ag(g/t) x 0.00822). Gold equivalents are calculated based on the formula AuEq(g/t) = Au(g/t) +(Cu(%) x 1.29436)+(Ag(g/t) x 0.01064). Metallurgical recovery factors have been applied to the metal equivalents calculations, with copper metallurgical recovery assumed at 95% and precious metal (gold and silver) metallurgical recovery assumed at 85% based upon historical production at the Chibougamau Processing Facility, and the metallurgical results contained in Cygnus’ announcement dated 28 January 2025. It is the Company’s view that all elements in the metal equivalents calculations in respect of the foreign estimate and exploration results have a reasonable potential to be recovered and sold.

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.

APPENDIX A – Significant Intersections from Recent Drilling at Golden Eye

Coordinates given in UTM NAD83 (Zone 18). Intercept lengths may not add up due to rounding to the appropriate reporting precision. Significant intersections reported above 2g/t AuEq over widths of greater than 1m. True width estimated to be 80% of downhole thickness.

APPENDIX B – Chibougamau Copper-Gold Project – Foreign Mineral Resource Estimate Disclosures as at 30 March 2022

APPENDIX C – 2012 JORC Table 1

Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Figure 3: Plan view of recent drilling relative to historic drilling and the 1992 ramp access

Figures accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/cd59b054-e8c6-4201-aa17-afd4f8489ad2  
  https://www.globenewswire.com/NewsRoom/AttachmentNg/66412094-2734-477e-8be2-240107062815  
  https://www.globenewswire.com/NewsRoom/AttachmentNg/a1aa507a-fb79-4e07-9df4-e02ebb375150