West High Yield (W.H.Y.) Resources Ltd. (TSXV: WHY,OTC:WHYRF) (FSE: W0H) (the ‘Company’ or ‘West High Yield’) is pleased to provide a corporate update highlighting the posting of the initial reclamation bond for its Record Ridge magnesium and critical minerals project (the ‘Record Ridge Project’ or the ‘Project’) located 10 kilometers southwest of Rossland, British Columbia, along with ongoing advancement of key permit conditions and pre-construction activities. Since receiving its Mines Act permit from the British Columbia Ministry of Mines and Critical Minerals (the ‘Permit’) for the Project, the Company has accelerated work across regulatory, environmental, engineering, and capital planning streams in preparation for targeted construction mobilization in the second quarter of 2026.

Initial Reclamation Bond Posted – Advancing Permit Condition Fulfillment

West High Yield has formally completed the first phase of the reclamation bond with the British Columbia Ministry of Mines and Critical Minerals, fulfilling a key British Columbia Mines Act Permit requirement and a key marker of de-risking the Record Ridge Project. This milestone:

• reduces regulatory timeline uncertainty;
• confirms alignment with provincial environmental and closure requirements; and
• progresses the Project toward full construction authorization.

‘We continue to move the Record Ridge Project forward in a disciplined and structured manner,’ stated Frank Marasco, President & CEO of West High Yield. ‘Posting the initial reclamation bond and executing the early-stage Permit requirements demonstrate our commitment to responsible development and to maintaining strong momentum following the issuance of the Mines Act Permit.’

Environmental and Groundwork Activities Strengthen 2026 Construction Readiness

Since the issuance of the Permit, the Company has advanced a sequence of pre-development tasks required ahead of site mobilization, including:

• a comprehensive vegetation audit covering the access corridor and mine footprint;
• tree marking and footprint delineation to refine the disturbance boundaries and engineering detail; and
• baseline site-preparation work to support final design and contracting.

These activities advance the Company toward the Project construction readiness, enabling mobilization in the second quarter of 2026 subject to final financing and regulatory coordination.

Strategic Capital Pathway: Government Programs and Private Financing Advancing

The Company is actively advancing both government and private-sector financing initiatives as part of its structured capital strategy for the Record Ridge Project. This includes ongoing engagement with Federal and Provincial critical mineral funding programs, as well as continued discussions with institutional lenders, international strategic groups, and private investors seeking long-term exposure to magnesium and related critical minerals.

These financing pathways are intended to support the phased development of Record Ridge, including initial mine construction and future downstream processing opportunities within Canada’s growing critical-minerals supply chain.

Record Ridge Positioning

The Record Ridge Project remains well positioned as one of the few permitted critical mineral projects of its scale in Canada. The Company continues to advance the technical, regulatory, and financial work required to transition the Project toward phased development and long-term integration into the North American critical minerals supply chain.

About West High Yield

West High Yield is a publicly traded junior mining exploration and development company, established in 2003, and focused on acquiring, exploring, and developing mineral resource properties in Canada. Its primary objective is to develop its Record Ridge critical mineral (magnesium, silica, and nickel) deposit using green processing techniques to minimize waste and CO₂ emissions.

The Company’s Record Ridge critical mineral deposit located 10 kilometers southwest of Rossland, British Columbia has approximately 10.6 million tonnes of contained magnesium based on an independently produced National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101‘) Preliminary Economic Assessment technical report (titled ‘Revised NI 43-101 Technical Report Preliminary Economic Assessment Record Ridge Project, British Columbia, Canada’) prepared by SRK Consulting (Canada) Inc. on April 18, 2013 in accordance with NI 43-101 and which can be found on the Company’s profile at https://www.sedarplus.ca.

Qualified Person

Rick Walker, B.Sc., M.Sc., P.Geo., the Company Geologist, is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

Cautionary Note Regarding Forward-looking Information

This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking information for anything other than its intended purpose. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276662

Nextech already owns 15million shares or about 40% of the 38 million shares outstanding in Arway Corporation (‘Arway’) OTCQB: ARWYF / CSE: ARWY

TORONTO, ON / ACCESS Newswire / December 2, 2025 / Nextech3D.ai (CSE:NTAR,OTC:NEXCF)(OTCQX:NEXCF)(FSE:1SS), Nextech an AI-first 3D modeling and event technology company, and Arway is pleased to announce that they have entered into a definitive agreement dated December 1, 2025 (the ‘Definitive Agreement‘) setting forth the terms and conditions of their previously announced transaction pursuant to which Nextech proposes to acquire all of the common shares of Arway (‘Arway Shares‘) which it does not already own (the ‘Transaction‘). The Transaction will allow Nextech to further consolidate its technology stack with Arway and Map Dynamics (‘Map D‘), creating a more unified and competitive offering for the global events industry while streamlining operations.

Strategic Rationale

Owned by Arway, Map D supports hundreds of events annually with interactive floor plans, exhibitor tools, ticketing, badge printing, mobile apps, and blockchain ticketing. Bringing Arway back in-house is expected to streamline operations, eliminate redundant overhead, and accelerate development across AI, AR, and navigation technologies.

Nextech currently owns ~40% of Arway, with management holding an additional ~20%, demonstrating strong alignment and long-term commitment.

The consolidation is expected to:

• Reduce costs through team and technology integration

• Accelerate product innovation by combining AI, AR navigation, and 3D tools into a single event platform

The unified suite will span event setup, AI matchmaking, AR/AI navigation, ticketing, payments, and blockchain capabilities-supporting Nextech’s strategy of growing recurring SaaS revenue.

About ARway

Arway, spun out from Nextech in 2022, provides no-code, no-hardware AR navigation. Following the Transaction, it will operate as a wholly-owned subsidiary with its technology embedded directly into Map D.

CEO Comment

‘This reacquisition streamlines Nextech3D.ai into a stronger, more unified company. Integrating Arway with Map D accelerates our vision for a full AI-powered event technology suite.’

Further Details of the Transaction

• 38,641,161 Arway shares currently outstanding

• 225,298,980 Nextech shares currently outstanding

• 19,866,921 Nextech shares issuable as consideration

• Deemed price of $0.083 per Arway share and $0.161 per Nextech share

The Exchange ratio is one (1) Arway share will be exchanged for approximately .514 of Nextech shares.

Pursuant to the Definitive Agreement, the Transaction will proceed by way of a three-cornered amalgamation, whereby Arway will amalgamate with a wholly-owned subsidiary of Nextech and shareholders of Arway will receive an aggregate of 19,866,921

Nextech Shares on a pro rata basis, calculated based upon their existing holdings of Arway (the ‘Exchange Ratio‘).

There are currently an aggregate 38,641,161 Arway Shares [and no convertible securities] of Arway issued and outstanding. Accordingly, based on the Exchange Ratio and assuming no other share issuances by Arway, shareholders of Arway will receive approximately 0.514 Nextech Shares in exchange for each one Arway Share held.

The deemed price for each Arway Share to be acquired pursuant to the Transaction shall be C$0.083 resulting in an aggregate valuation of Arway of approximately $3,200,000 or such other price as permitted by applicable regulatory authorities, including the Canadian Securities Exchange (the ‘CSE‘). It is expected that following completion of the Transaction, the current holders of Arway Shares will hold approximately 8.1% of the outstanding Nextech Shares immediately following closing on a non-diluted basis, based on an aggregate of 225,298,980

Nextech Shares currently issued and outstanding.

There are not expected to be any changes to the management of either Nextech or Arway as a result of the Transaction. The Arway Shares will be delisted from the CSE upon completion of the Transaction. This is a related-party transaction under applicable securities regulations

Completion of the Transaction remains subject to the receipt of Arway shareholder approval, CSE approval, and customary closing conditions. A notice of meeting and circular with full details will be filed on SEDAR+ in due course. There can be no assurance that the Transaction will be completed as proposed, or at all.

Further details about the proposed Transaction will be provided in a disclosure document to be prepared and filed in connection therewith. Investors are cautioned that, except as disclosed in the disclosure document to be prepared in connection with the Transaction, any information released or received with respect to the foregoing matters may not be accurate or complete and should not be relied upon.

About Nextech3D.ai

For more details on Nextech’s AI roadmap and related developments, visit: www.nextechar.com/investors

For more information, visit Nextech3D.ai.

Sign up for Investor News and Info – Click Here

For more information and full report go to https://www.sedarplus.ca

For further information, please contact:

Nextech3D.ai and Arway Corporation
Evan Gappelberg / CEO and Director
866-ARITIZE (274-8493)

Forward-looking Statements

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained herein may constitute ‘forward-looking information’ under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, ‘will be’ or variations of such words and phrases or statements that certain actions, events or results ‘will’ occur. Forward-looking statements regarding the completion of the Transaction and the potential benefits thereof are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Neither Nextech nor Arway will update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE: Nextech3D.ai Corp.

View the original press release on ACCESS Newswire

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / December 2, 2025 / Sarama Resources Ltd. (‘Sarama’ or the ‘Company’)(TSX-V:SWA)(ASX:SRR) is pleased to announce that it has partnered with InvestorHub and launched a new interactive website, a direct-to-investor engagement platform (‘Investor Hub‘ or ‘Hub‘) designed to be more transparent and interactive with investors.

Through the Hub, investors and shareholders can easily access ASX announcements, project updates, videos, and insights as Sarama continues advancing gold exploration at the Cosmo and Mt Venn Gold Projects in Western Australia and progressing its fully funded US$242M arbitration claim against the Government of Burkina Faso (‘GoBF‘).

The Company will share new content through the Hub aimed at giving shareholders a deeper insight into Sarama’s growth strategy and value creation initiatives.

Sarama’s Executive Chairman, Andrew Dinning commented:

‘We are very pleased to launch our InvestorHub Platform which we believe will serve as a valuable tool for engaging with our investor community.

In the Hub you will find announcements, interviews, presentations and an interactive function that allows Sarama shareholders and interested investors to submit relevant, constructive questions, which will be answered in a timely manner.

We encourage stakeholders to sign up to the Hub and we look forward to your feedback.’

To watch Executive Chairman Andrew Dinning’s introduction to the new platform, head to our InvestorHub here

How to sign up for the Sarama Resources Investor Hub:

1. Visit https://www.saramaresources.com/auth/signup

2. Follow the prompts to create your Investor Hub account

3. Complete your account profile

For further information, please contact:

Andrew Dinning

Sarama Resources Ltd | +61 8 9363 7600 | e: info@saramaresources.com

Information in this news release that is not a statement of historical fact constitutes forward-looking information. Such forward-looking information includes, but is not limited to, the quantum and pursuit of compensation for the loss and damages; the pursuit and outcome of the arbitration claim; and Sarama’s commitment to advancing the arbitration to its conclusion. Actual results may vary from the forward-looking information due to known and unknown risks, uncertainties and other factors. Such factors include, among others, the success of Sarama’s claim against the GoBF; as well as those factors disclosed in the Company’s publicly filed documents.

Assumptions have been made regarding, among other things, the Company’s ability to carry on its exploration activities, the sufficiency of funding, the timely receipt of required approvals, the price of gold and other precious metals, that the Company will not be affected by adverse political and security-related events, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain further financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information. Sarama does not undertake to update any forward-looking information, except as required by applicable laws.

This announcement has been authorised by the Board of Sarama Resources.

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.

SOURCE: Sarama Resources Ltd.

View the original press release on ACCESS Newswire

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

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

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

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

Alignment with the CleanTech Blueprint 2025

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

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

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

About Jiri Skopek

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

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

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

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

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

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

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276611

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

Highlights from the program include:

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

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

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

Stripped Area 1:

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

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

Stripped Area 2:

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

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

Stripped Area 3:

Target: 70 ppb Au soil sample.

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

Stripped Area 4:

Target: 0.21 g/t Au grab sample.

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

Stripped Area 5:

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

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

Stripped Area 6:

Target: 301 ppb Au soil anomaly.

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

Stripped Area 7:

Target: 647 ppb Au soil anomaly.

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

Stripped Area 8:

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

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

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

QAQC Protocols

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

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

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

About Bold Ventures Inc.

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

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

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘plan’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’ and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

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

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

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

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

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

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

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

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

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

About Electric Royalties Ltd.

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

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

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

Company Contact

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

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

Cautionary Statements Regarding Forward-Looking Information and Other Company Information

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

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

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

SOURCE: Electric Royalties Ltd.

View the original press release on ACCESS Newswire

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

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

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

Strategic Location in a Premier Silver Belt

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

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

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

Geology and Historical Work

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

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

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

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

A Strengthened District-Scale Vision

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

Next Steps for Rio Silver

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

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

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

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

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

Why This Matters to Investors

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

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

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

Qualified Person

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

About Rio Silver Inc.

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

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

Chris Verrico
Director, President and Chief Executive Officer

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

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

Cautionary Note Regarding Forward-Looking Information

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

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

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

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

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

Strategic Highlights from Contact Sector

Drill Hole Results of NCZ (Figures 1 & 2)

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

Significance for Investors

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

Next Steps

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

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

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

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

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

Table 1 : Drill hole best assay results from Contact Sector

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

Contact Sector

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

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

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

Milestones of 2025-2027 Exploration Program

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

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

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

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

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

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

Mineral Resource Estimate Update (Q4 2025 to Q1 2026)

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

Table 2 : Drill hole collar coordinates from Contact Sector

Table 3 : Drill hole detailed assay results from Contact Sector

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

Quality Assurance and Quality Control (QA/QC) Program

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

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

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

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

Qualified Person

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

About Cadillac Project

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

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

About Cartier Resources Inc.

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

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

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

Photos accompanying this announcement are available at:

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

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