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Frankfurt:6YL) (TSXV:WLR)(Frankfurt:6YL)(‘Walker Lane’) announces a drill campaign has commenced on its Silverknife Property that is fully funded by Coeur Silvertip Holdings, Ltd. (‘Coeur‘), a subsidiary of Coeur Mining, Inc. (NYSE:CDE), pursuant to the terms of an option agreement where Coeur can earn an initial 75% interest that can be increased to a 100% stake in the Property. The proposed drill program comprises of five holes with total meterage of approximately 1,200 meters at three sites. Additional work by Coeur will be focused on completing groundwork for future permitting of the Tootsee River North Zone and the other prospective zone for advanced exploration and possible drilling in 2026 and beyond.

‘We are very pleased to have the Coeur team executing and funding exploration as they have a huge amount of expertise in CRD systems. We believe it is a significant advantage to our shareholders to have their team executing and funding exploration at Silverknife,’ stated Kevin Brewer, P.Geo., President and CEO of Walker Lane. ‘We identified the large areas of exploration potential at Silverknife and Coeur started in 2024 to utilize that data and integrate it into their own data to establish a minerals systems approach. This preliminary program will further the understanding of these potentially large CRD systems in the Silvertip region. We see this as the first major step to uncovering the significant potential of the Silverknife Prospect. A project like this with such large areas to explore requires a multi-year exploration commitment. Considering the large area under investigation with this limited program, if mineralization is intersected it could be a game changer.’

The drill program is a preliminary examination testing the possible western extent of the prospective geology and mineralization of the Silverknife Prospect in the Silverknife Central Zone. The program is designed to:

  • Test the down-dip extension of the Silverknife Prospect including testing for new parallel ore zones to the existing two stacked ore zones;
  • An initial examination of the structural complexity of the Silverknife Central Zone and possible contact relationships between the Rosella Limestone Formation (a highly prospective target for CRD mineralization) with the granodioritic Cassiar Intrusive;
  • Conduct an initial test of coincident gravity and magnetic anomalies that are quite large and are associated with cross cutting fault structures suggesting an ideal setting for CRD and skarn mineralization; and,
  • Understand the geology of the metasediments in the deeper part of the Silvertip sedimentary package.

The Silverknife Property is located in north-central British Columbia and is located immediately west of Coeur’s Silvertip Mine, one of the highest-grade CRD silver-lead-zinc-critical mineral projects in the world. The Property shows considerable promise to host a CRD deposit. It already hosts the Silverknife Prospect which extends westwards from the Silvertip property into the Silverknife property. The Company has also issued several information releases pertaining to the identification of three other areas of exploration prospectivity within the Silverknife property.

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.
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. (OTC-US: NBRI) 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. (TSX:CDE). 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.

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Investor Insight

A diversified critical minerals exploration company driving value from a world-class titanium-vanadium-iron discovery at its Radar project in Labrador, while developing high-potential uranium and lithium assets in Canada’s top jurisdictions. A partnership with Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) further strengthens Saga’s position in the global green energy transition.

Overview

Saga Metals (TSXV:SAGA,OTCQB:SAGMF,FSE:20H) is a Canadian mineral exploration company with a diversified portfolio of critical minerals assets in top-tier mining jurisdictions. The company’s flagship Radar titanium-vanadium-iron project in Labrador recently delivered significant drill results setting the stage for what could become a globally significant vanadiferous titanomagnetite (VTM) opportunity.

Early drilling has confirmed thick, high-grade layers of mineralization containing titanium, vanadium and iron — three metals essential to steelmaking, aerospace, defense and new energy storage technologies. The project covers the entire Dykes River intrusion, a large mineral system on par with some of the world’s best-known titanium-vanadium operations, such as Panzhihua in China and Tellnes in Norway. Geophysical surveys and drilling suggest that only a fraction of the 20-kilometre mineralized trend has been tested so far, leaving huge upside for further growth.

While Radar is currently the primary focus, Saga also maintains exposure to uranium and lithium through the Double Mer uranium property in Labrador and the Legacy lithium JV with Rio Tinto in Quebec. This balanced portfolio positions Saga to benefit from multiple high-demand supply chains supporting the global energy transition.

Map showing Saga Metals Corp project sites in Canada

Company Highlights

  • Globally Significant Titanium-Vanadium-Iron Project: Newly confirmed high-grade titanomagnetite discovery at Radar project with an inferred 20 km oxide layering strike within the Dykes River intrusion.
  • Drill intercepts at Radar include up to 43 percent iron, 9.4 percent titanium dioxide (TiO₂) and 0.66 percent vanadium oxide (V₂O₅).Claims have been expanded to secure the entire titanomagnetite-bearing intrusion.
  • Rio Tinto JV: A C$44 million option agreement with Rio Tinto Exploration Canada to advance the Legacy lithium project in James Bay, Quebec, part of North America’s newest lithium district.
  • Double Mer Uranium Project: Drill-ready 25,600-hectare project covering an 18 km uranium-rich trend, with U₃O₈ grades up to 0.43 percent and scintillometer readings up to 27,000 cps.
  • Diversified pipeline: Additional North Wind iron ore property in the Labrador Trough with historical grades up to 75 percent iron oxide (Fe₂O₃) in surface samples.
  • Strong leadership with a track record across mining, exploration and capital markets.

Key Projects

Radar Titanium-Vanadium-Iron Project (Flagship)

Map showing Saga Metals Corp project zones and roads in Labrador region.

The Radar project is Saga’s current flagship asset located ~10 km from Cartwright, Labrador. With the potential to become a globally significant VTM discovery, the project covers 24,175 hectares over the Dykes River intrusion, a billion-year-old layered mafic complex comparable in scale to Greenland’s Skaergaard intrusion and analogous to globally recognized VTM systems at Panzhihua (China) and Tellnes (Norway).

Hawkeye Zone - Significant Drill Intersections

Project Highlights:

  • 2025 maiden drill program confirmed continuous titanomagnetite layers with intercepts grading up to 43 percent iron, 9.4 percent TiO₂ and 0.66 percent V₂O₅. Titanomagnetite-rich intercepts averaged 20 to 40 percent, with massive layers exceeding 60 percent.
  • Expanded claims now secure the entire 160 sq km titanomagnetite-bearing intrusion.
  • Geophysical work linked the oxide-rich layering over >20-km strike with magnetic high anomalies, ground-truthed by drilling and mapping.
  • Winter 2025 drilling in the Hawkeye Zone, guided by 3D magnetic inversion and VLF-EM, intersected a 300- to 400-m thick titanomagnetite-rich sequence. The highest V₂O₅ assays correlate with these thicker bands, pointing to a major magmatic pulse.
  • At the Trapper Zone, summer geophysics revealed a 3-km continuous anomaly with magnetic readings up to 115,500 nT, among the highest recorded, highlighting exceptional mineralization potential.
  • Mineralogical studies confirm ilmenite inclusions within magnetite, suggesting metallurgical simplicity and potential for a combined vanadium-titanium-iron concentrate, echoing vertically integrated operations like Panzhihua.
  • Supported by excellent infrastructure, including road access, deep-water port, hydroelectric power and an airstrip near Cartwright, Labrador.
  • Strong community collaboration, with the Mayor of Cartwright issuing a formal letter of support, and local workers engaged in field programs.
  • Comprehensive 2024–2025 work programs integrated geophysics, drilling, petrography, geological mapping, and infrastructure upgrades, rapidly advancing project understanding.

Double Mer Uranium Project

The Double Mer uranium project is located in eastern central Labrador, 90 km northeast of Happy Valley, Goose Bay. The property lies between Lake Melville and Double Mer, both inlets off the Labrador Sea, and covers three high-priority uranium zones – Luivik, Nanuk and Katjuk – along an 18-kilometre mineralized trend.

Saga Metals

Regional map of the Double Mer uranium project in Labrador, Canada

Project Highlights:

  • 1,024 claims spanning 25,600 hectares in eastern Labrador, covering the Luivik, Nanuk and Katjuk zones along an 18-km uranium trend.
  • Rock sampling returned up to 0.428 percent U₃O₈ with scintillometer readings as high as 27,000 cps.
  • Geological parallels to Labrador’s Central Mineral Belt (CMB), home to Paladin Energy’s Michelin deposit.

Legacy Lithium

The Legacy lithium property is dedicated to expanding North America’s newest lithium district in the prolific James Bay region of Quebec. The projects span over 65,849 hectares and hosts the same geological setting along strike from Rio Tinto, Winsome Resources, Azimut Exploration and Loyal Lithium in the La Grande sub-province.

Project Highlights:

  • Subject of a C$44.4 million JV option with Rio Tinto Exploration Canada, under which Rio Tinto acts as operator and can earn up to 75 percent.
  • 100+ documented pegmatite outcrops with multiple prospective lithium-bearing zones for follow-up in 2025.
  • Benefits from Quebec’s Plan du Nord infrastructure development program.

North Wind

The North Wind project is located in west central Labrador, 16 km southwest of Schefferville, Quebec within the Labrador Trough.

Project Highlights:

  • Covers 6,375 hectares and 255 claims.
  • Historical drilling averaged 21 percent iron across eight holes, including intercepts from the Lower Red Green Chert unit with grades up to 75 percent Fe₂O₃.
  • 2024 fieldwork confirmed a 4-km NW-SE mineralization trend, reinforcing the project’s scale and grade potential.

Management Team

Michael Stier – Chief Executive Officer and Director

Educated in business management and finance, Michael Stier has spent the past 15 years focused on and building expertise in capital markets. Experienced in corporate structure, finance, business development, IPOs, M&A and wealth management, Stier served as a CIBC IIROC licensed senior financial advisor, senior analyst for a private equity company and more recently holds executive and directorship roles with private companies and publicly listed issuers. He has consulted in industries including mining, oil & gas, fintech, VR, eSports, health, life sciences and biotech. In addition to Saga, Stier has acted for several public entities and currently sits on the board of GoldHaven Resources.

Terence Lee – Chief Financial Officer

Terence Lee is a CPA with over nine years of finance experience in reporting under International Financial Reporting Standards. Lee has worked in financial planning, analysis and reporting for companies across various industries including mining, technology, real estate, life sciences, education and private healthcare. Lee graduated with a BA from Simon Fraser University, a Diploma of Accounting from UBC’s Sauder School of Business and articled with BDO LLP. Lee is CFO of various private and publicly listed companies.

Michael Garagan – Chief Geological Officer

With a Bachelor of Science in Geology, Michael Garagan has 15 years of experience in the exploration industry with projects across the world including Africa, Asia, North and South America. He encountered a diverse experience of deposit styles from gold to base metals in porphyry, orogenic, epithermal and VMS deposits to uranium and lithium pegmatites. Notable projects include B2 Gold’s Otjikoto project in Namibia, Night Hawk’s Colomac project in NWT, Unigold’s Neita project in the Dominican Republic, as well as Hudbay’s Lalor Mine in Snowlake, Manitoba.

Michael Waldkirch – Independent Director

Michael Waldkirch is a CPA and CGA with over 25 years of professional experience. Since 1998, he has led the accounting firm of Michael Waldkirch & Company, specializing in accounting, tax and business consultancy services to a wide variety of public and private companies. He has represented a wide variety of public corporations including mining, oil and gas and technology companies listed on the TSX, TSXV, NYSE-American, NASDAQ and OTC-BB. He has served as CFO of numerous Canadian and US publicly listed companies, including Gold Standard Ventures and Barksdale Resources and is currently an independent board member of US Gold Corp. (NASDAQ:USAU).

Harrison Pokrandt – Independent Director

With 7 years of experience in mineral exploration, Harrison Pokrandt has worked on multiple styles of geology including porphyry, VMS, orogenic, Epithermal, and Carlin-style deposits throughout countries such as Canada, Nevada, Uzbekistan, Finland, Japan, and Mali. Primarily working in gold in multiple districts, Pokrandt has experience in exploration projects and mines within all stages of project development from grassroots to development projects as well as active mines. Some flagship projects he has experience with include B2Gold’s Fekola, Skeena Resources’s Eskay Creek, as well as B2Gold’s Back River Project. Pokrandt studied earth science at Carleton University and is currently employed at Scorpio Gold Corporation as VP of Exploration.

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Investor Insight

With a strong asset foundation, a clean capital structure and an experienced technical team, Prince Silver is well-positioned to capitalize on the current macro tailwinds in the silver and manganese markets.

Overview

Prince Silver (CSE:PRNC,OTC:HWTNF) is a Vancouver-based exploration company focused on unlocking value at the Prince silver project in southeastern Nevada. In July 2025, the company completed a transformational acquisition of Stampede Metals Corporation and subsequently rebranded from Hawthorn Resources to Prince Silver Corp. The flagship asset is a district-scale, past-producing silver-gold-zinc-manganese carbonate replacement system, historically mined for silver and base metals through the early to mid-1900s.

Aerial view of the Prince silver project

Fully funded and technically refreshed, the company’s immediate objective is to validate and expand upon the 129 historic drill holes (over 16,600 m) completed on the property and convert the large JORC-compliant exploration target into a maiden NI 43-101 mineral resource. The upcoming drill program, expected to begin in early Sept 2025, is designed to validate legacy data, step out along mineralized trends, and establish continuity across the deposit’s multiple mantos, veins and breccia zones. The company will also initiate metallurgical test work, geophysical refinement and updated geological modeling to support a modern pit-constrained resource and longer-term development plan.

Company Highlights

  • Flagship project: 100 percent ownership of the historic Prince silver mine in Lincoln County, Nevada, an open, near-surface silver-gold-zinc carbonate replacement deposit with a 25 to 43 Mt exploration target and strong historic grades.
  • The company’s second project, Stampede Gap, is about 15 km north west of the Prince mine. Stampede Gap is a large porphyry copper-gold-molybdenum with an extensive alteration zone that presents a deep seated exploration target.
  • Clean corporate reset: Hawthorn Resources completed the Stampede Metals acquisition and re-listed as Prince Silver Corp. on July 11, 2025, issuing 15 million shares for the acquisition and raising ~C$4 million in gross proceeds to fund drilling.
  • Fully funded summer drill program: ~6,500-m reverse-circulation set to begin early Sept 2025 to validate historic holes and step out along strike/dip to expand known mineralization and potential resources. .
  • Tight share structure: 45.9 million shares outstanding post-financing; Stampede shareholders voluntarily locked-up for 12 months.
  • Experienced, hands-on leadership: President Ralph Shearing, plus new directors Robert Wrixon and Darrell Rader, add mine-building, corporate and capital-markets depth to the company’s leadership team.

Key Project

Prince Silver Project

The Prince silver project is a large-scale, polymetallic carbonate replacement deposit (CRD) located just west of Pioche, a historic mining district in southeastern Nevada. The project hosts a structurally and stratigraphically controlled system of silver-rich mantos, breccias and fissure veins emplaced along northeast-trending faults within the Cambrian Pioche Shale. Historical underground production between 1912 and 1949 totaled approximately 1.12 million tons (Mt) at average grades of 100 grams per ton (g/t) silver, 4.5 percent zinc, 2.8 percent lead, and 10 percent manganese, predominantly from shallow workings in the Main and Ridge Zones.

Geological mapping, relogging and compilation of 129 historic drill holes (16,606 m) have defined a JORC exploration target ranging between 25 and 43 Mt, grading approximately 37 to 40 g/t silver, 1.5 percent zinc, and 0.8 percent lead. This target includes three dominant mineralized zones: Ridge, Main and Prince Extended. Mineralization is generally tabular, strataform and laterally continuous, with multiple stacked mantos and vein swarms, often associated with jasperoid, manganese-rich breccias and semi-massive to massive sulfides. The projects’ mineralization remains open along strike and at depth in all directions.

Historical drill results

Historical drill results showing mineralization at the Prince Silver Project is near surface and open in all directions of modelled mineralized horizons

Prince Silver’s 2025 Phase-1 drill program (~6,500 m of RC drilling) is designed to:

  • Twin and validate historic pre 2012 high-grade underground and Churn drill hole intercepts.
  • Extend mineralization into open gaps between and beyond the Ridge and Main zones.
  • Test down-dip extensions and potential feeder structures below and along strike to previously drilled intervals.

A follow-up Phase-2 program (expected in 2026) would target resource expansion along the 2.5-km trend and scout new targets identified via geophysics and structural interpretation. In parallel, the company plans to conduct metallurgical testing to evaluate optimal processing options. Surface rights include 20 unpatented lode claims and 12 patented claims under lease option. The lease agreement includes nominal cash payments and a staged buyout option upon completion of a preliminary economic assessment. The project has good access via gravel roads, with power available on site, and is within 15 km of Pioche community infrastructure.

Overall, the Prince silver project offers district-scale upside within a known past producing metallogenic belt, with near-term drilling and a clear path to defining a large, pit-constrained and underground silver-equivalent resource in Nevada, one of the most mining-friendly jurisdictions in the world.

Other Projects

Stampede Gap Copper-Gold-Molybdenum Project

A large, early-stage porphyry target in Nevada featuring over 200 claims. Historical geophysics identified multiple IP-resistivity anomalies, and a single 700 m drill hole encountered extensive skarn alteration before terminating in mineralization. No current plans for exploration in 2025.

Broken Handle

A legacy polymetallic silver-lead-zinc project with limited historical data. Considered non-core for now; the company’s resources remain focused on advancing Prince Silver.

Management Team

Ralph Shearing – President and Director

Ralph Shearing is a professional geologist and mine developer with over 35 years in mineral exploration development and public company management. Since 1987, he has held senior executive positions with public junior mining and exploration companies, primarily with Luca Mining Corp., a company he founded in 1986 and successfully guided through the exploration, initial development and construction, and pre-production phases of the Tahuehueto mine, located in Durango, México. He currently acts as Qualified Person for Prince Silver’s technical disclosure.

Rob Scott – CFO

Rob Scott has more than 25 years of experience in accounting, corporate compliance, corporate finance, and merchant and commercial banking. He has played a key role in raising more than $200 million in equity financing. Scott has held senior executive and board positions with several TSX-V listed companies, including Great Bear Resources, ValOre Metals, Riverside Resources, Capitan Silver and First Helium.

Robert Wrixon – Director

Robert Wrixon is a seasoned executive and engineer with over 20 years’ experience across ASX- and LSE-listed mining companies. He holds a PhD in mineral engineering from UC Berkeley and brings deep technical, corporate development and M&A experience.

Darrell Rader – Director

Darrell Rader is the president and CEO of Minaurum Gold, a silver-focused explorer in Mexico, and a prominent figure in North American silver exploration. He has directly raised over $150 million for mineral exploration and development and has strong relationships with institutional investors and bankers. He founded Defiance Silver, a silver developer, and previously was the head of corporate development with silver miner IMPACT Silver. Rader holds a BBA in Finance from Simon Fraser University.

Neil MacRae – Independent Director

A veteran mining executive, Neil MacRae has more than two decades of experience in investor relations and has held various investor relations roles with companies such as First Majestic Silver, Sherwood Copper (merged with Capstone in 2008), Farallon Mining (sold to Nyrstar in 2011), and Santacruz Silver Mining. He provides strategic direction on corporate visibility and capital markets positioning.

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Sweden has announced plans to lift its seven-year ban on uranium mining, with a proposal to amend the Environmental Code and Minerals Act expected in parliament later this year. If approved, the changes would take effect on January 1, 2026.

The proposal follows the conclusions of a government inquiry completed in December 2024, which recommended that uranium be treated under the same legal framework as other concession minerals.

That recommendation was reviewed by the Council on Legislation in June 2025, clearing the way for parliament to consider a repeal.

Enacted in 2018, the ban prevented the issue of any new permits for uranium exploration or mining and halted development of projects despite Sweden’s significant uranium potential.

Climate and Environment Minister Romina Pourmokhtari said in February last year that the prohibition had become an obstacle to both Sweden’s mining sector and its energy transition.

“It must be legal to take care of the Swedish uranium that is already out of the ground; it is completely incomprehensible that the miners had to treat it as waste,” Pourmokhtari remarked.

If lawmakers approve the amendments, uranium would once again qualify as a concession mineral under the Minerals Act. This would allow companies to apply for exploration permits and processing concessions, provided they meet the same regulatory conditions that apply to other metals and minerals.

Industry officials and politicians have argued that removing the ban will also help unlock deposits of critical minerals that often occur alongside uranium.

Mats Green, group leader in the Moderate Party’s economic affairs committee, welcomed the move, calling the prohibition misguided from the start.

“The ban on uranium mining was wrong when it was introduced – the fact that we are now removing it is positive for Sweden as an industrial and mining nation,” he said.

The policy shift comes as Sweden pursues a broader revival of nuclear power.

In November 2023, parliament removed a longstanding cap on the number of nuclear reactors and authorized construction on new sites.

Today, six reactors supply about one-third of Sweden’s electricity, with the country importing nearly all of its nuclear fuel.

The possibility of renewed uranium development has drawn interest from international companies.

In June, Australian firms Aura Energy (ASX:AEE, AIM:AURA,OTC Pink:AUEEF) and Neu Horizon Uranium announced plans to collaborate on Swedish uranium projects should the ban be lifted.

Aura Energy controls the Häggån deposit in Jämtland, described as one of the world’s largest undeveloped uranium resources with an inferred 800 million pounds of contained U3O8. Neu Horizon Uranium holds a portfolio of projects in key mineralized regions of the country.

District Metals (TSXV:DMX), a Canadian company with major exploration holdings in Sweden, also welcomed the government’s announcement.

Garrett Ainsworth, District’s chief executive officer, said in a statement: “We are pleased to see that the Swedish government is moving forward with the removal of the uranium ban. It is obvious that the Swedish government’s ambition is to create a regulatory framework where uranium is treated in the same fashion as other metals and minerals and with the same permitting requirements.”

District holds the Viken Energy Metals deposit, located in central Sweden, which it describes as the largest undeveloped mineral resource estimate of uranium in the world. The deposit also contains significant quantities of vanadium, molybdenum, nickel, copper, zinc, and other critical raw materials.

While approval is not guaranteed, the government holds momentum after its earlier success in overturning restrictions on nuclear reactor construction. If passed, the new law would mark the first time since 2018 that companies could apply for uranium exploration permits in Sweden.

The legislative proposal is expected to reach parliament before the end of 2025.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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Empire Metals Limited (LON:EEE)(OTCQX:EPMLF), the resource exploration and development company, is pleased to announce that it has advanced to trade on the OTCQX® Best Market (‘OTCQX’). The Company has upgraded to OTCQX from the OTCQB® Venture Market and will begin trading today on OTCQX under the symbol ‘EPMLF’. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

Empire Metals continues to gain momentum through ongoing achievements in drilling results, metallurgical advancements, and product development at the Pitfield Titanium Project. These accomplishments have led to an upgrade for Empire on to OTCQX.

The cross-trading of Empire’s ordinary shares on OTCQX is expected to enhance the visibility and accessibility of its shares to U.S. investors, who will also benefit from greater liquidity from a broader pool of potential investors globally. OTCQX is also the highest-level trading venue of the OTC Markets Group Inc. on which 12,000 U.S. and global securities trade.

By trading on OTCQX, Empire will engage directly with US investors, providing them with the same level of information and disclosure available to shareholders in the United Kingdom, but through US-facing platforms and portals. Additionally, the OTCQX cross-trading facility will enable US investors to access Empire’s ordinary shares in US dollars, during US market hours.

Commenting on the announcement, Shaun Bunn, Managing Director, said:

‘I am delighted to announce our upgrade toOTCQX. Building on the Company’s international shareholder base, this further enhances the accessibility and visibility of our shares to both U.S. institutional and retail investors.

‘Trading on OTCQX offers even more investors a pathway to participate in Empire’s growth and gain exposure to titanium – a strategically important critical mineral with strong fundamentals. We look forward to welcoming new U.S. investors as shareholders.’

About OTCQX

The ability to trade Empire’s existing ordinary shares on AIM will remain unaffected by the OTCQX listing. The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

**ENDS**

For further information please visit www.empiremetals.co.uk or contact:

About Empire Metals Limited

Empire Metals is an AIM-listed and OTCQX-traded exploration and resource development company (LON:EEE)(OTCQX:EPMLF) with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia.

The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the in-situ mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO₂) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, in-situ bedded TiO₂ mineralisation, each being over 7km in strike length.

An Exploration Target* for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target* is a subset that covers the in-situ weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2.

The Exploration Target* covers an area less than 20% of the overall mineral system at Pitfield which demonstrates the potential for significant further upside.

Empire is now accelerating the economic development of Pitfield, with a vision to produce a high-value titanium metal or pigment quality product at Pitfield, to realise the full value potential of this exceptional deposit.

The Company also has two further exploration projects in Australia; the Eclipse Project and the Walton Project in Western Australia, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria.

*The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. See RNS dated 12 June 2024 for full details.

About OTC Markets Group Inc

OTC Markets Group Inc. (OTCQX:OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQ® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Source

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Nevgold Corp. (‘ NevGold ‘ or the ‘ Company ‘) ( TSXV:NAU,OTC:NAUFF) (OTCQB:NAUFF) (Frankfurt:5E50 ) is pleased to announce the commencement of the 2025 drill program at the oxide gold-antimony (‘Antimony’, ‘Sb’) Limousine Butte Project (the ‘Project’, ‘Limo Butte’) in Nevada. The Company continues to advance the substantial gold-antimony potential of the Project, highlighting its promising prospects for further exploration and development in Nevada, one of the world’s prolific mining jurisdictions.

Key Highlights

  • Drilling Commenced in August: the company started a 5,000 meter Reverse Circulation (‘RC’) drill program focused on the Resurrection Ridge and Cadillac Valley Target Areas. The initial phase of the program will start at Resurrection Ridge. (Figure 1, Figure 4, Figure 5)
  • Path to Initial Oxide Gold-Antimony Mineral Resource Estimate (‘MRE’): the objective of the drill program is to advance Limo Butte to an initial oxide gold-antimony MRE. Due to the large historical drillhole database, the 2025 program will include both delineation and expansion drillholes focused on both gold and antimony. This is the first drill program at the Project that has been focused on both gold and antimony.
  • New Stibiconite (Antimony Oxide Mineral) Outcrops: as part of the road and drill pad construction, additional stibiconite outcrops were exposed. The eastern side of Resurrection Ridge has strong geological potential with mineralization open to the East. (Figure 2, Figure 3)

NevGold CEO, Brandon Bonifacio, comments: ‘We are excited to commence our 2025 drill program at Limo Butte with the objective of advancing the Project to an initial oxide gold-antimony Mineral Resource Estimate (‘MRE’) . Over recent years our technical team has gained a strong understanding of the regional and project geology. We have a well defined program with the goal of significantly expanding the mineralization footprints at our two most advanced target areas, Resurrection Ridge and Cadillac Valley. Compared to most of the other gold-antimony or antimony projects in the United States, we have the ability to rapidly advance project development with our strong institutional knowledge of the Project. We have completed significant upfront work on the large geological database and permitting. Our focus remains on unlocking the gold-antimony potential at Limo Butte as there is a strong macroeconomic environment and clear commitment from the United States to advance high-quality, domestic, mineral projects.’

A truck on a hill AI-generated content may be incorrect.
Figure 1 – RC drill rig drilling the Resurrection Ridge Target Area looking northeast. To view image please click here

A person holding a rock AI-generated content may be incorrect.

Figure 2 – visible stibiconite (oxide antimony mineral) from drillpad construction. To view image please click here

A hammer lying on the ground AI-generated content may be incorrect.

Figure 3 – visible stibiconite (antimony oxide mineral) from drillpad construction. To view image please click here

A map of drilling rigs AI-generated content may be incorrect.

Figure 4 – Resurrection Ridge target area with selected gold-antimony drillhole results and identified target areas for 2025 step-out and expansion drilling. To view image please click here

A map of a mountain range Description automatically generated

Figure 5 – Limousine Butte Land Holdings and District Exploration Activity To view image please click here

ON BEHALF OF THE BOARD

‘Signed’

Brandon Bonifacio, President & CEO

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

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

The Company’s Qualified Person (‘QP’), Greg French, Vice President, Exploration has completed a review of the historical data in this press release. The historic data collection chain of custody procedures and analytical results by previous operators appear adequate and were completed to industry standard practices. For the Newmont and US Gold data a 30g gold fire assay and multi-elemental analysis ICP-OES method MS-41 was completed by ISO 17025 certified ALS Chemex, Reno or Elko Nevada.

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

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

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

Cautionary Note Regarding Forward Looking Statements

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

 

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Here’s a quick recap of the crypto landscape for Wednesday (September 3) as of 9:00 a.m. (UTC).

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$111,601, a 1.5 percent increase in 24 hours. It opened at its highest valuation of the day, US$111,653. Its lowest valuation as of today was US$108,538.

Bitcoin price performance, September 3, 2025.

Bitcoin price performance, September 3, 2025.

Chart via TradingView

Ether (ETH) was priced at US$4,372.91, trading flat over the past 24 hours. Its highest valuation today was US$4,385.50, and its lowest was US$4,265.15.

Altcoin price update

  • Solana (SOL) was priced at US$210.59, up by 3.9 percent over 24 hours. Its lowest valuation on Wednesday was US$197.97, and its highest valuation was US$211.57.
  • XRP was trading for US$2.86, up by 2 percent in the past 24 hours and its highest valuation of the day so far. Its lowest valuation of the day was US$2.77.
  • SUI (Sui) was trading for US$3.35, up by 2.7 percent in the past 24 hours. Its lowest valuation of the day was US$3.20, and its highest level of the day was US$3.36.
  • Cardano (ADA) was priced at US$0.8357, up by 2.3 percent. Its lowest valuation for Wednesday was US$0.8023, and its highest valuation was US$0.8392.

Today’s crypto news to know

Winklevoss-backed Bitcoin Firm to go public in Amsterdam

A bitcoin treasury company supported by Cameron and Tyler Winklevoss is heading for the public markets in the Netherlands, Reuters reported.

The firm, called Treasury, will list in Amsterdam through a reverse takeover of Dutch investment vehicle MKB Nedsense.

Backed by Winklevoss Capital and Nakamoto Holdings, Treasury has already raised €126 million and built a stash of more than 1,000 bitcoin.

The deal values Treasury at a hefty premium, with plans to consolidate shares at €2.10 apiece. Bitcoin-only treasury firms have grown in appeal as the world’s largest cryptocurrency keeps smashing record highs above US$120,000 this year.

While Europe has rolled out several bitcoin-linked exchange-traded products, investor uptake has lagged behind the US spot ETF boom. Treasury’s listing places a bold bet that Amsterdam can become a hub for institutional bitcoin holdings, with trading set to start under the ticker “TRSR.”

US Regulators clear path for spot crypto trading

The SEC and CFTC have given a green light for registered exchanges to offer certain spot crypto products, a move that could reshape how digital assets are traded in the US.

In a joint statement Tuesday (September 2), the agencies said exchanges under their oversight are permitted to facilitate transactions tied to leverage, margin, and financed spot retail commodity products.

While no specific coins were named, the message signals a coordinated approach to expanding investor access.

The statement builds on the President’s Working Group’s earlier call for regulatory clarity in digital finance.

Recently, the Trump administration continues rolling back lawsuits and enforcement actions that dogged the sector under previous leadership.

In a statement posted on X, acting CFTC Chair Caroline Pham called the decision “another win on regulatory clarity.”

Ethereum Foundation to sell US$43 Million in ETH for ecosystem funding

The Ethereum Foundation has announced plans to offload another 10,000 ETH, valued at roughly US$43 million, to finance research, ecosystem grants, and philanthropic work.

The organization said the tokens will be sold gradually through centralized exchanges rather than in a single transaction, aiming to avoid market disruption.

Just weeks before, the Foundation sold a similar tranche to SharpLink Gaming, making that firm the first public company to directly acquire ETH from the network’s core steward.

In June, the Foundation unveiled a new treasury framework that caps annual spending at 15 percent and builds a long-term reserve buffer.

Ether saw a recent surge in price as it touched a record high of US$4,866 in late August.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Empire Metals LTD (AIM: EEE; OTCQX: EPMLF), an exploration and resource development company, has qualified to trade on the OTCQX® Best Market. Empire Metals LTD upgraded to OTCQX from the OTCQB® Venture Market.

Empire Metals LTD begins trading today on OTCQX under the symbol ‘EPMLF.’ U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com .

The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

Shaun Bunn, Managing Director of Empire Metals, comments:

‘Empire Metals is delighted to upgrade to OTCQX. Building on the Company’s international shareholder base, this further enhances the accessibility and visibility of our shares to both U.S. institutional and retail investors. Trading on OTCQX offers even more investors a pathway to participate in Empire’s growth and and gain exposure to titanium – a strategically important critical mineral with strong fundamentals. We look forward to welcoming new U.S. investors as shareholders.’

About Empire Metals LTD
Empire Metals is an exploration and resource development company with a primary focus on developing Pitfield, an emerging giant titanium project in Western Australia. The high-grade titanium discovery at Pitfield is of unprecedented scale, with airborne surveys identifying a massive, coincident gravity and magnetics anomaly extending over 40km by 8km by 5km deep. Drill results have indicated excellent continuity in grades and consistency of the in-situ mineralised beds and confirm that the sandstone beds hold the higher-grade titanium dioxide (TiO₂) values within the interbedded succession of sandstones, siltstones and conglomerates. The Company is focused on two key prospects (Cosgrove and Thomas), which have been identified as having thick, high-grade, near-surface, in-situ bedded TiO₂ mineralisation, each being over 7km in strike length. An Exploration Target for Pitfield was declared in 2024, covering the Thomas and Cosgrove mineral prospects, and was estimated to contain between 26.4 to 32.2 billion tonnes with a grade range of 4.5 to 5.5% TiO2. Included within the total Exploration Target is a subset that covers the in-situ weathered sandstone zone, which extends from surface to an average vertical depth of 30m to 40m and is estimated to contain between 4.0 to 4.9 billion tonnes with a grade range of 4.8 to 5.9% TiO2.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com .

Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

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Drilling Confirms Gold Discovery and Significant Progress at Caber Complex

Nuvau Minerals Inc. (TSXV: NMC) is sharing positive results and significant progress at its Matagami Project in today’s comprehensive exploration update.

‘Multiple new discoveries, including the recent discovery of gold mineralization, demonstrate the potential of this large-scale property that was historically recognized solely for its base metal potential. The confirmation of a gold-bearing orogenic system adjacent to existing mine infrastructure significantly expands the opportunity for value creation. Nuvau is geared to continue the exploration on this large land package in the Abitibi,’ said Peter van Alphen, CEO of Nuvau Minerals Inc.

Highlights include the continued validation of the orogenic gold system that was discovered adjacent to the fully permitted Bracemac mine, and positive results from drilling additional zones on the Property, such as high-grade base metal mineralization at Caber and Renaissance:

  • Discovery of Bracemac orogenic gold system
    • First drill hole (BRCG-25-01) intersected 8.87 g/t Au over 1.05 m, including 16.02 g/t Au over 0.55
    • Visible gold observed in three of four orientation holes completed to date, confirming the presence and continuity of the gold-bearing shear zone
  • Caber Complex — 14 holes totaling 10,426 m completed to upgrade resources prior to an updated Mineral Resource Estimate (MRE)
    • GCB-24-113: 5.49% Cu, 5.95% Zn, 0.15 g/t Au, and 35.66 g/t Ag  2.8 m
    • GCB-24-114: 4.43% Cu, 2.07% Zn, 0.12 g/t Au, and 9.05 g/t Ag  2.75 m
    • GCB-24-116: 1.85% Cu, 3.10% Zn, 0.05 g/t Au, and 9.81 g/t Ag  27.2 m
  • Renaissance Zone — 27 holes drilled, with 16 holes containing massive to semi-massive sulphides; initial MRE underway following highlight results including 1.03% Cu, 9.16% Zn, 0.03 g/t Au, and 6.54 g/t Ag over 4.7 m
  • McLeod Extension — MRE in progress following 7 new intersections from 5,526 m of additional drilling to follow-up the 2023 discovery of 15.9 m grading 2.81% Cu, 14.80% Zn, and 0.39 g/t Au. New step-out results include:
    • 0.52% Cu, 10.96% Zn, 0.42 g/t Au, and 11.71 g/t Ag over 4.20 m
    • 2.45% Cu, 0.24% Zn, 0.11 g/t Au, and 11.39 g/t Ag over 7.75 m

Drilling is underway to follow-up the recent discovery of gold mineralization with 25 m of the existing mine access ramp at the Bracemac Mine. Visible gold has now been observed in three of four holes drilled in this new target, confirming a continuous shear zone intersected in all holes drilled to date. The system is hosted within a tonalite intrusive rock unit in the footwall of the Bracemac Mine, a rock unit where almost no historic holes have been drilled.

Gold exploration program
Operated by Glencore until June 2022, the Bracemac-McLeod mine was one of 12 past-producing base metal mines on Nuvau’s 1,300 km² land package. Historic mining focused entirely on copper and zinc mineralization. Key infrastructure remains in place, and the mine remains permitted for operation. Little to no gold exploration was undertaken by the previous operators due to the previous focus on base metals.

Visible gold mineralization was observed in the first hole drilled to test the first of three priority gold exploration targets that Nuvau identified on this large-scale property. The current drill campaign is aimed at defining the parameters of this newly-identified gold-bearing structure. To-date, four drill holes spaced 25 to 40 metres apart have established the strike and dip of the host shear zone that is injected with quartz veins containing minor pyrite. A fifth hole is underway to test 100 metres below the initial drill holes.

Visible gold has now been observed in three holes with all holes having intersected a sheared intrusive (tonalite) containing folded quartz-calcite-chlorite veins, mineralized with 1-3% pyrite. The first hole intersected 8.87 g/t Au over 1.05 m with numerous grains of visible gold identified. Assay results from additional holes remain pending.

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Figure 1: 3D view showing general location of the gold-bearing structure

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Figure 2: Inclined long-section

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Caber Complex
Fourteen drill holes were completed totaling 10,426 m. This drilling was designed for the conversion of resources and to collect samples for metallurgical studies in preparation for a feasibility study of the Caber Complex deposits. A revised MRE is in progress and an updated PEA is planned with the aim of optimizing the Caber Complex mine plan and incorporating the potential restart of the Bracemac-McLeod Mine and mill complex into a detailed economic analysis.

Table 1: Assay results for the Caber Complex drill program

Hole ID from to length Cu% Zn% Au(g/t) Ag(g/t)
GCB-24-112 Reassays ongoing
GCB-24-113 547.00 557.70 10.70 1.53 1.64 0.09 16.14
And 600.35 603.15 2.80 5.49 5.95 0.15 35.66
And 677.55 703.85 26.30 0.23 0.31 0.03 1.18
GCB-24-114 591.85 594.40 2.55 0.11 12.55 0.07 12.33
And 655.60 657.70 2.10 1.36 4.14 0.09 25.95
And 733.45 756.00 22.55 0.65 0.76 0.03 1.50
Incl 748.55 751.30 2.75 4.43 2.07 0.12 9.05
And 756.90 763.60 6.70 0.54 0.02 0.02 0.33
GCB-24-115 Reassays ongoing
GCB-24-116 509.80 537.00 27.20 1.85 3.10 0.05 9.81
And 559.30 565.50 6.20 0.51 0.21 0.01 0.95
GCB-24-117 460.50 495.00 34.50 0.89 0.99 0.10 6.69
And 495.00 498.55 3.55 0.37 0.01 0.04 6.37
GCB-24-118 415.20 417.00 1.80 0.06 0.56 0.00 1.08
And 493.80 496.80 3.00 0.01 0.44 0.00 1.00
And 565.60 583.55 17.95 0.85 2.44 0.09 14.82
And 590.35 595.10 4.75 1.24 0.56 0.13 10.27
And 603.60 626.70 23.10 1.34 0.02 0.03 2.19
Incl 610.10 615.90 5.80 2.94 0.04 0.03 4.21
GCB-24-119 505.85 507.50 1.65 3.73 6.82 0.22 28.48
And 513.30 513.70 0.40 0.61 2.16 0.14 23.00
And 519.50 519.80 0.30 1.81 0.46 0.24 14.00
And 579.85 583.45 3.60 3.66 3.43 0.21 18.36
And 605.85 617.95 12.10 1.32 2.97 0.10 14.74
And 676.05 681.40 5.35 0.01 0.03 0.00 0.79
And 690.15 744.50 54.35 0.25 0.41 0.02 0.84
Incl 710.50 715.35 4.85 0.35 4.10 0.02 1.24
Incl 717.00 720.85 3.85 1.17 0.06 0.04 3.14
GCB-24-120 675.50 695.65 20.15 0.84 1.46 0.07 6.50
And 796.05 829.50 33.45 0.58 0.10 0.03 2.61
Incl 811.75 820.00 8.25 1.39 0.24 0.04 5.64
Incl 811.75 814.75 3.00 2.74 0.20 0.03 7.85
GCB-25-121 Reassays ongoing
GCB-25-122 Reassays ongoing
GCB-25-123 410.60 416.40 5.80 0.67 0.55 0.03 4.18
And 545.20 545.55 0.35 0.74 4.56 0.12 18.00
And 568.50 569.05 0.55 1.52 4.14 0.38 26.00
And 626.15 627.65 1.50 0.87 2.56 0.08 9.20
And 678.35 720.40 42.05 0.56 0.58 0.04 5.09
Incl 678.35 683.20 4.85 3.04 3.45 0.25 30.73
Incl 706.45 720.40 13.95 0.59 0.44 0.03 3.29
And 735.10 738.40 3.30 0.66 0.01 0.01 1.21
GCB-25-124 636.00 640.65 4.65 0.45 2.42 0.10 3.43
And 663.35 684.30 20.95 0.69 0.01 0.02 0.38
GCB-25-125 Reassays ongoing

 

Renaissance Zone
The Renaissance Zone was discovered by Nuvau in 2023, targeting a geophysical anomaly located in the ‘West Camp’ of the Matagami Property, immediately north of the Caber Complex deposits.

A total of 27 holes were drilled to test the Renaissance Zone, with 16 intersecting massive and semi-massive sulphide zones. An initial MRE for Renaissance is in progress. Results from the most recent drilling at Renaissance are provided in Table 2, below.

Table 2: Assays results for the Renaissance drilling program

Hole ID from to length Cu% Zn% Au(g/t) Ag(g/t)
REN-24-15 329.85 337.65 7.80 0.69 7.41 0.20 22.66
REN-24-16 280.80 281.80 1.00 0.12 1.35 0.01 5.00
REN-24-17 258.70 279.30 20.60 0.36 2.79 0.04 7.49
Incl 258.70 263.15 4.45 0.45 2.95 0.13 23.22
And 274.60 279.30 4.70 1.03 9.16 0.03 6.54
REN-24-18A No significant mineralization
REN-24-18 384.00 384.70 0.70 0.32 0.08 0.03 6.00
REN-24-19 Reassays ongoing
REN-24-20 463.65 478.35 14.70 0.72 1.66 0.05 6.47
Incl 463.65 472.75 9.10 0.77 1.86 0.03 5.48
And 476.10 478.35 2.25 1.47 3.13 0.20 18.60
REN-24-21 Reassays ongoing
REN-25-22 380.90 381.55 0.65 0.12 2.22 0.03 6.00
And 398.20 398.50 0.30 0.70 0.23 0.05 11.00
And 412.35 412.75 0.40 0.61 3.70 0.04 19.00
REN-25-23 294.00 295.00 1.00 0.01 0.85 0.00 0.00
And 303.00 303.60 0.60 0.01 0.81 0.00 0.00
REN-25-24 No significant mineralization
REN-25-25 No significant mineralization
REN-25-25EXT No significant mineralization

 

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Figure 3: Renaissance Zone long-section

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McLeod extension
Intersected in 2023, the McLeod Mine extension demonstrated the potential for additional resources adjacent to existing mine workings, at the permitted past-producing Bracemac-McLeod Mine.

The extension discovery hole (MCL-13-31W1) returned 15.9 m grading 2.81% Cu, 14.80% Zn, and 0.39 g/t Au.

Seven new intersections from 5,526 m of additional drill holes completed will be incorporated into a MRE that is in progress. This zone will, along with the Caber Complex, be incorporated into future studies assessing the potential restart of the Bracemac-McLeod Mine and associated economic analysis. New results from the McLeod drill program are provided in Table 3 below.

Table 3: Assay results for the McLeod extension drilling program

Hole ID from to length Cu% Zn% Au(g/t) Ag(g/t)
MCL-13-31W6 1498.6 1502.8 4.2 0.23 2.39 0.14 11.90
Incl 1499 1500.05 1.05 0.65 3.92 0.13 20.24
MCL-13-31W7 1400.6 1402.25 1.65 0.19 4.32 0.06 3.55
And 1426.85 1432.55 5.7 0.09 1.19 0.31 3.30
MCL-13-31W8 1248.6 1251.3 2.7 0.18 2.84 0.45 6.59
MCL-18-90W2 1605 1607.2 2.2 0.09 0.02 0.11 1.64
MCL-18-90W3 1625.7 1627.4 1.7 0.09 0.54 0.18 3.24
MCL-18-91W1 1500.2 1502.35 2.15 1.44 0.07 0.31 10.65
And 1510 1519.5 9.5 0.88 0.05 0.09 7.74
And 1531.5 1534.5 3 0.72 0.06 0.08 4.67
MCL-18-91W2 1586.8 1611.75 24.95 1.04 2.36 0.14 7.03
Incl 1586.8 1591 4.2 0.52 10.96 0.42 11.71
Incl 1604 1611.75 7.75 2.45 0.24 0.11 11.39

 

About Nuvau Minerals Inc.
Nuvau Minerals is a Canadian mineral exploration company advancing the Matagami mining camp, covering more than 1,300 km² of highly prospective ground in the Abitibi region of mine-friendly Québec. Nuvau’s principal asset is the Matagami Property, which is host to significant existing processing infrastructure and multiple mineral deposits, but has never been subjected to a comprehensive gold-focused exploration program. The Company is leveraging innovative exploration methods, including AI-supported generative targeting and hydro-geochemistry, to identify and develop new gold and base metal deposits.

Qualified Person and Quality Assurance
Gilles Roy P. Geo. (Qc), Director of Exploration of Nuvau and a ‘qualified person’ as is defined by National Instrument 43-101, has verified the scientific and technical data disclosed in this news release, and has otherwise reviewed and approved the scientific and technical information in this news release.

Drill core samples are sawn by staff technicians to create half core splits. One split is retained in the drill core box for archival purposes with a sample tag affixed at each sample interval and the other split is placed in a labelled plastic bag along with a corresponding sample number tag and placed in the shipment queue.

Quality control samples including blind certified reference material (‘CRM’), blank material, and core duplicates are inserted at a frequency of 1 in every 20 samples and sample batches of up to 60 samples were then shipped directly by Nuvau personnel to the ALS Canada Ltd. preparation laboratory in Rouyn-Noranda, Québec.

All submitted core samples are crushed in full to 95 % passing less than 2 mm (ALS code CRU-32). A 1000-gram sample was then riffled split from the crushed material and pulverized to 90 % passing 75 μm (SPL-22 and PUL-32a). Pulps are shipped from the preparation laboratory to ALS Canada Ltd.’s analytical lab in North Vancouver, British Columbia, for assay.

Lead, silver, copper and zinc analyses were determined by ore grade four acid digestion with an inductively coupled plasma atomic emission spectroscopy (‘ICP-AES’) or atomic absorption spectroscopy (‘AAS’) finish (ALS codes Pb-OG62, Ag-OG62, Cu-OG62 and ZnOG62), whereas gold was determined by 50 g fire assay analysis with an AAS finish (code Au-AA23).

A second method, PhotonAssay analysis (code Au-PA01), was used on a single sample from hole BRCG-25-01 where visible gold was observed. The remaining reject material was pulverized to 95% passing 106um (PUL-32a) and recombined with the remaining master pulp material and split into three jars (~500g each) and shipped from the preparation laboratory to ALS Canada Ltd.’s analytical lab in Thunder Bay Ontario, for photon assayed. The reported value is the combined weighted assay result representing the entire length of the sample. For comparison gold determined by 50 g fire assay analysis return 15.75 g/t Au, compared to 16.02 g/t Au by PhotonAssay.

ALS Canada Ltd. is an accredited, independent commercial analytical firm registered to ISO/IEC 17025:2017 and ISO 9001:2015.

For further information please contact:
Nuvau Minerals Inc.
Peter van Alphen
President and CEO
Telephone: 416-525-6063
Email: pvanalphen@nuvauminerals.com

Cautionary Statements

This news release contains forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as ‘may’, ‘should’, ‘anticipate’, ‘will’, ‘estimates’, ‘believes’, ‘intends’ ‘expects’ and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning drill results relating to the Matagami Property, the results of the PEA, the potential of the Matagami Property, the timing and commencement of any production, the restart of the Bracemac-McLeod Mine, the completion of the earn-in of the Matagami Property and the timing and completion of any technical studies, feasibility studies or economic analyses. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company and the Matagami Property. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, neither the Company nor Nuvau undertakes any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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Questcorp Mining Inc. (CSE: QQQ,OTC:QQCMF) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to announce it has received a permit exemption under the British Columbia Mines Act to undertake a 10 to 15 line km induced polarization (IP) survey at the Company’s 1,168 hectare North Island Copper project near Port Hardy on Vancouver Island, British Columbia.

Surface sampling and a preliminary 12.3-line km Induced Polarization (IP) survey in the 1990’s identified an interesting chargeability anomaly at the historic Marisa Zone that was followed up by a five hole, 376.43 diamond drilling program. Two of the five holes hit interesting copper values including down hole intervals of 0.078% copper over 56.39 metres in DDH92-01 and 0.041% copper over 70.71 metres in DDH92-03 in an altered quartz diorite. Copper grades were increasing with depth in DDH92-03. The Company plans to follow up these historic results.

‘NorthIsle Copper and Gold Inc. continues to produce excellent exploration results 15km to the west in the same belt of rocks that also hosts the past producing Island Copper Mine 7.5km to the southeast attesting to the tremendous exploration potential of the area’, commented Questcorp, President & CEO, Saf Dhillon. ‘The Marisa Zone displays a strong historic IP signature and anomaly carrying encouraging copper numbers from very limited drilling, begging for a second pass with modern geophysical equipment and processing,’ he concluded.

Questcorp has received quotes from three different geophysical contracting firms to update the 35 year old IP survey utilizing modern equipment and data processing. The Company is reviewing the quotes and plans to select the contractor shortly.

Questcorp cautions investors a Qualified Person has not verified the historical exploration data and further cautions, the presence of copper mineralization on the NorthIsle Copper and Gold and the BHP properties is not necessarily indicative of similar mineralization on the North Island Copper property.

The technical content of this news release has been reviewed and approved by R. Tim Henneberry’, P.Geo (BC) a Director of the Company and a Qualified Person under National Instrument 43-101.

About Questcorp Mining Inc.

Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property, on Vancouver Island, B.C., subject to a royalty obligation. The company also holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 2,520.2 hectares comprising the La Union project located in Sonora, Mexico, subject to a royalty obligation.

ON BEHALF OF THE BOARD OF DIRECTORS,

Saf Dhillon
President & CEO

Questcorp Mining Inc.
saf@questcorpmining.ca
Tel. (604-484-3031)

Suite 550, 800 West Pender Street
Vancouver, British Columbia
V6C 2V6.

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding completion of survey work at the North Island Copper project. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

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