Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) is pleased to announce the closing of its previously announced ‘bought deal’ private placement, with Stifel Canada (the ‘Underwriter’) as sole underwriter and bookrunner, pursuant to which the Underwriter purchased 20,585,000 units of the Company (each, a ‘LIFE Unit’) at a price of C$0.70 per LIFE Unit, with a right to arrange for substituted purchasers, pursuant to the listed issuer financing exemption (‘LIFE Exemption’), for aggregate gross proceeds to the Company of C$14,409,500 including the full exercise of the Underwriter’s over-allotment option (the ‘Offering’).

Each LIFE Unit is comprised of one common share (each, a ‘Common Share‘) and one-half of one common share purchase warrant (each whole warrant, a ‘Warrant‘) of the Company. Each Warrant is exercisable to acquire one additional Common Share (each, a ‘Warrant Share‘) for a period of 36 months following the closing date of the Offering at an exercise price of C$1.00 per Warrant Share.

The net proceeds of the Offering are expected to be used to advance the Company’s exploration programs, including drilling at the Tahami South project and follow-up work on regional copper-gold and gold targets, as well as for general working capital.

The Offering was made pursuant to the LIFE Exemption available under National Instrument 45-106 – Prospectus Exemptions, in each of the provinces of Canada, other than Québec. The LIFE Units were also offered and sold in certain offshore jurisdictions pursuant to available prospectus or registration exemptions in accordance with applicable laws. The LIFE Units issued to substituted purchasers under the LIFE Exemption are not subject to a statutory hold period pursuant to applicable Canadian securities laws.

In consideration for its services, the Underwriter received a cash commission equal to C$722,769.60 and was issued 1,118,208 broker warrants (each, a ‘Broker Warrant‘). Each Broker Warrant entitles the holder thereof to purchase one Common Share (each, a ‘Broker Share‘) for a period of 36 months following the closing date of the Offering at an exercise price of C$0.70 per Broker Share. An eligible finder also received a cash commission of $59,976.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, ‘U.S. Persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements.

About Quimbaya Gold Inc.

Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Cautionary Note Regarding Forward-looking Information

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the Company’s intended use of the net proceeds of the Offering, the receipt of all necessary regulatory approvals, including the final acceptance of the Canadian Securities Exchange, any exercise of the Warrants and Broker Warrants, the Company’s exploration and development plans and the Company’s business objectives. Generally, forward-looking information can be identified by the use of forward-looking terminology such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Quimbaya, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the Company’s exploration and other activities proceeding as expected; general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operating in foreign jurisdictions; future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Company’s ability to comply with environmental, health and safety laws; and other risks inherent in the mining industry. Although Quimbaya has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES 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/273125

Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) is pleased to announce the closing of its previously announced ‘bought deal’ private placement, with Stifel Canada (the ‘Underwriter’) as sole underwriter and bookrunner, pursuant to which the Underwriter purchased 20,585,000 units of the Company (each, a ‘LIFE Unit’) at a price of C$0.70 per LIFE Unit, with a right to arrange for substituted purchasers, pursuant to the listed issuer financing exemption (‘LIFE Exemption’), for aggregate gross proceeds to the Company of C$14,409,500 including the full exercise of the Underwriter’s over-allotment option (the ‘Offering’).

Each LIFE Unit is comprised of one common share (each, a ‘Common Share‘) and one-half of one common share purchase warrant (each whole warrant, a ‘Warrant‘) of the Company. Each Warrant is exercisable to acquire one additional Common Share (each, a ‘Warrant Share‘) for a period of 36 months following the closing date of the Offering at an exercise price of C$1.00 per Warrant Share.

The net proceeds of the Offering are expected to be used to advance the Company’s exploration programs, including drilling at the Tahami South project and follow-up work on regional copper-gold and gold targets, as well as for general working capital.

The Offering was made pursuant to the LIFE Exemption available under National Instrument 45-106 – Prospectus Exemptions, in each of the provinces of Canada, other than Québec. The LIFE Units were also offered and sold in certain offshore jurisdictions pursuant to available prospectus or registration exemptions in accordance with applicable laws. The LIFE Units issued to substituted purchasers under the LIFE Exemption are not subject to a statutory hold period pursuant to applicable Canadian securities laws.

In consideration for its services, the Underwriter received a cash commission equal to C$722,769.60 and was issued 1,118,208 broker warrants (each, a ‘Broker Warrant‘). Each Broker Warrant entitles the holder thereof to purchase one Common Share (each, a ‘Broker Share‘) for a period of 36 months following the closing date of the Offering at an exercise price of C$0.70 per Broker Share. An eligible finder also received a cash commission of $59,976.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, ‘U.S. Persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements.

About Quimbaya Gold Inc.

Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Cautionary Note Regarding Forward-looking Information

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the Company’s intended use of the net proceeds of the Offering, the receipt of all necessary regulatory approvals, including the final acceptance of the Canadian Securities Exchange, any exercise of the Warrants and Broker Warrants, the Company’s exploration and development plans and the Company’s business objectives. Generally, forward-looking information can be identified by the use of forward-looking terminology such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Quimbaya, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the Company’s exploration and other activities proceeding as expected; general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operating in foreign jurisdictions; future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Company’s ability to comply with environmental, health and safety laws; and other risks inherent in the mining industry. Although Quimbaya has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES 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/273125

Quimbaya Gold Inc. (CSE: QIM,OTC:QIMGF) (OTCQB: QIMGF) (FSE: K05) (‘Quimbaya’ or the ‘Company’) is pleased to announce the closing of its previously announced ‘bought deal’ private placement, with Stifel Canada (the ‘Underwriter’) as sole underwriter and bookrunner, pursuant to which the Underwriter purchased 20,585,000 units of the Company (each, a ‘LIFE Unit’) at a price of C$0.70 per LIFE Unit, with a right to arrange for substituted purchasers, pursuant to the listed issuer financing exemption (‘LIFE Exemption’), for aggregate gross proceeds to the Company of C$14,409,500 including the full exercise of the Underwriter’s over-allotment option (the ‘Offering’).

Each LIFE Unit is comprised of one common share (each, a ‘Common Share‘) and one-half of one common share purchase warrant (each whole warrant, a ‘Warrant‘) of the Company. Each Warrant is exercisable to acquire one additional Common Share (each, a ‘Warrant Share‘) for a period of 36 months following the closing date of the Offering at an exercise price of C$1.00 per Warrant Share.

The net proceeds of the Offering are expected to be used to advance the Company’s exploration programs, including drilling at the Tahami South project and follow-up work on regional copper-gold and gold targets, as well as for general working capital.

The Offering was made pursuant to the LIFE Exemption available under National Instrument 45-106 – Prospectus Exemptions, in each of the provinces of Canada, other than Québec. The LIFE Units were also offered and sold in certain offshore jurisdictions pursuant to available prospectus or registration exemptions in accordance with applicable laws. The LIFE Units issued to substituted purchasers under the LIFE Exemption are not subject to a statutory hold period pursuant to applicable Canadian securities laws.

In consideration for its services, the Underwriter received a cash commission equal to C$722,769.60 and was issued 1,118,208 broker warrants (each, a ‘Broker Warrant‘). Each Broker Warrant entitles the holder thereof to purchase one Common Share (each, a ‘Broker Share‘) for a period of 36 months following the closing date of the Offering at an exercise price of C$0.70 per Broker Share. An eligible finder also received a cash commission of $59,976.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, ‘U.S. Persons’ (as such term is defined in Regulation S under the U.S. Securities Act) absent such registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements.

About Quimbaya Gold Inc.

Quimbaya aims to discover gold resources through exploration and acquisition of mining properties in the prolific gold mining districts of Colombia. Managed by an experienced team in the mining sector, Quimbaya is focused on three projects in the regions of Segovia (Tahami Project), Puerto Berrio (Berrio Project), and Abejorral (Maitamac Project), all located in Antioquia Province, Colombia.

Cautionary Note Regarding Forward-looking Information

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the Company’s intended use of the net proceeds of the Offering, the receipt of all necessary regulatory approvals, including the final acceptance of the Canadian Securities Exchange, any exercise of the Warrants and Broker Warrants, the Company’s exploration and development plans and the Company’s business objectives. Generally, forward-looking information can be identified by the use of forward-looking terminology such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or variations of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will be taken’, ‘occur’ or ‘be achieved’. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Quimbaya, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the Company’s exploration and other activities proceeding as expected; general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operating in foreign jurisdictions; future planned development and other activities on the Company’s mineral properties; an inability to finance the Company; obtaining required permitting on the Company’s mineral properties in a timely manner; any adverse changes to the planned operations of the Company’s mineral properties; failure by the Company for any reason to undertake expected exploration programs; achieving and maintaining favourable relationships with local communities; mineral exploration results that are poorer or better than expected; prices for gold remaining as expected; currency exchange rates remaining as expected; availability of funds for the Company’s projects; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; the Company’s ability to comply with environmental, health and safety laws; and other risks inherent in the mining industry. Although Quimbaya has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES 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/273125

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) (‘LaFleur Minerals’ or the ‘Company’) is pleased to provide an update on the twinned-hole drilling program launched at its Swanson Gold Deposit (‘Swanson’). The Company announced, in its October 6, 2025 news release, that it had engaged Environmental Resources Management (‘ERM’),1 a globally renowned sustainability and environmental consultant firm, to complete a Preliminary Economic Assessment (‘PEA’) for the purpose of restarting gold production at the Company’s wholly-owned Beacon Gold Mill using mineralized material from Swanson Gold Deposit.

The twinned-hole drilling program at Swanson will consist of 10 holes intended to collect data for:

1. Validating historical drilling completed at Swanson to augment confidence in the geological model and increase confidence in the mineral resource categories;

2. Validating the continuity and scale of the mineralized system and the potential for further expansion at Swanson (refer to press release dated September 24, 2025, for recently announced drill results);

3. Collecting drill core material for ongoing ore-sorting and metallurgical test work, and;

4. Providing necessary information to advance deposit interpretation and to enhance the current Mineral Resource Estimate for the purpose of delivering a technically robust PEA, as the Company works to expand its land package and known resources.

The twinned-hole program has been structured to target sectors as close as possible to historical drill hole locations, which have been chosen based on a preliminary review of the parameters that would likely determine the economic viability of a potential open-pit operation (Figure 1), with the intentions to transport mineralized material from the Swanson site for processing at the Company’s Beacon Gold Mill. With the extensive historical data at the Swanson deposit (in excess of 36,000 metres of historical drilling in 242 drill holes), the Company benefits from a wealth of information to base the study upon as well as high-grade, significant intervals such as historical holes SW-03-07** defining 69.3 metres at 3.03 g/t Au and BAR31-84* defining 51.0 metres at 3.46 g/t Au.

The majority of historical drill data within the pit limits originate from work conducted by Lac Minerals between 1982 and 1987, Phoenix Matachewan Mines in 2003, and from Agnico-Eagle Mines between 2006 and 2011. The twinned-hole drilling intends to confirm the continuity of the high-grade shear zones identified in the current Mineral Resource Estimate as part of the data verification process for the PEA. In addition, the twinned-hole program will infill gaps in the existing resource model that connects previously disconnected zones of mineralization, where historical sampling may have been poor or non-existent, potentially improving the estimate of total gold ounces and a lower strip ratio.

The Swanson Gold Deposit and Beacon Gold Mill benefit greatly from close proximity, and both are geographically positioned in one of the world’s largest and most established gold-producing regions, the Abitibi Greenstone Belt (Figure 2 and Figure 3). Substantiating the high-grade potential and scalability at Swanson, combined with the Company’s own processing infrastructure at Beacon, presents a rare, vertically integrated gold production scenario.

Paul Teniere, CEO of LaFleur Minerals comments, ‘Advancing the Beacon Gold Mill to restart gold production with gold prices at record levels above $4,000 per ounce offers amazing economic potential. We are well underway to completing a comprehensive PEA for the restart of the Beacon Gold Mill and at the suggestion of ERM, we are nearing completion of twinning historical holes that form the basis of the mineral resource at our Swanson Gold Deposit, with the intention to supply mineralized material from Swanson to the Beacon Gold Mill. We aim to have the PEA completed as soon as assay results on the twinned holes are received in the coming weeks.’

Preliminary Economic Assessment Study: Confirmation Drilling

The purpose of the confirmation drilling is to verify historical drill hole data that forms the basis of the current Mineral Resource Estimate, supporting the PEA by confirming the location, grade, and continuity of the gold mineralization at Swanson. This process involves drilling new holes near historical drill holes and analyzing core samples to ensure the historical data is reliable and can be incorporated into the current resource model. Historical data, particularly from old underground drilling, often needs independent confirmation to ensure the data meets the grade, resource size, and metallurgical assumptions.

Historical near surface drill holes, within the pit shell, include SW-03-07** with 69.3 metres at 3.03 g/t Au and BAR31-84* with 51.0 metres at 3.46 g/t Au. Other significant historical near-surface intersections include:

Table 1: Significant Historical Intersections within the Pit Shell at Swanson Gold Deposit

*Data from drill hole database and report by Lac Minerals (Crepeau, 1985) (GM40707)
*Data from drill hole database and report by Pheonix Matachewan (Bourgoin, 2003) (GM60470)
*Data from drill hole database and report by Agnico-Eagle (Villeneuve, 2006) (GM63152)

Figure 1: Swanson Gold Deposit and Pit Shell — Twin Holes (in blue)

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Figure 2: Location of the Swanson Gold Deposit and Beacon Gold Mill in the Val-d’Or Mining Camp

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Figure 3: Location of the Swanson Gold Deposit and Beacon Gold Mill

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Beacon Gold Mill Restart Update

LaFleur is advancing the restart of its fully-permitted Beacon Gold Mill, a recently modernized and upgraded 750-tonne-per-day facility equipped with crushing, grinding, flotation, regrind, leaching, and Merrill-Crowe circuits. The mill, currently under care and maintenance since March 2023, is undergoing a comprehensive mechanical, operational and electrical review ahead of recommissioning using existing mineralized stockpiles.

Recommissioning activities are well underway, focusing on upgrades and repairs to the filter presses, tailings pump box, leach tanks, pumps, motors, air systems, monitoring instruments, along with the installation of a gravity concentrator circuit. Recruitment for key operational roles-including a Mill Manager, Maintenance Superintendent, Electricians, Millwrights, and Plant Operators (mill clerk, procurement and warehousing personnel)-is in progress to support an efficient restart.

LaFleur has also estimated approximately 10,000-20,000 tonnes of mineralized stockpiles remaining on site; however, the exact number will be confirmed as the mill restart program advances (Figure 4). These stockpiles will serve as feed for initial trial runs, enabling the Company to fine-tune operations ahead of launching its full production. While the quantity and grade remain conceptual (there has been insufficient work to define a mineral resource), these efforts mark a significant milestone toward near-term gold production and cash flow generation from a strategic, wholly-owned asset in Val-d’Or, Québec, one of the best and most established mining camps in the world. Recently announced regional M&A and consolidation signals that major global producers are aggressively entering the Val-d’Or camp to secure long-life, low-risk gold assets, validating the view that Val-d’Or is one of the most strategic and investable gold regions globally. With LaFleur’s Beacon Gold Mill and Swanson Gold Project located in the same Val-d’Or-Abitibi mining camp and belt as many of these M&A targets, this increases the strategic importance of Beacon Gold Mill as regional infrastructure in a growing production corridor. Valuations set through regional M&A also establishes a district pricing precedent that may re-rate the entire Val-d’Or peer group upward, suggesting that LaFleur’s Beacon-Swanson combination could be substantially undervalued by comparison. In addition, the current gold price environment, hovering near historic highs around US$4,000/oz, significantly enhances the economic appeal of LaFleur’s Beacon Gold Mill restart, offering strong margins, accelerated payback potential, and exceptional leverage to gold in a fully permitted, near-term production setting.

Figure 4: Stockpiled Material at the Beacon Gold Mill

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Qualified Person Statement

All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the Company and considered a Qualified Person for the purposes of NI 43-101. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration and drilling activities on its exploration projects.

About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the restart of gold production at its 100% owned Beacon Gold Mill and development of district-scale gold projects in the Abitibi Gold Belt near Val- d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project spans approximately 18,304 hectares (183 km²) in size and comprises several prospects rich in gold and critical metals previously explored by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits, as well as several other showings, which comprise the Swanson Gold Project. The Swanson Gold Project is easily accessible by road, providing direct access to several nearby gold mills and further enhancing its development potential. LaFleur Minerals’ fully-refurbished and permitted Beacon Gold Mill, which was upgraded at $20M expense in 2022) is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LaFleur Minerals INC.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding ‘Forward-Looking’ Information

This news release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward- looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change.

¹ October 6, 2025, News Release: Link

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‘Not for distribution to United States newswire services or for dissemination in the United States.’

Forte Minerals Corp. (‘Forte’ or the ‘Company’) ( CSE: CUAU ) ( OTCQB: FOMNF ) ( Frankfurt: 2OA ) is pleased to announce the closing of its previously announced non-brokered private placement (the ‘Offering’ ) with a second strategic investor for aggregate gross proceeds of C$5.7 million.

Under the Offering, the Company issued 6,333,333 common shares at C$0.90 per share.

In accordance with the Investor Rights Agreement dated July 23, 2025, the First Strategic Investor exercised its right to maintain its existing ownership position by acquiring 699,060 common shares at C$0.90 per share for additional gross proceeds of C$629,154.

As a result, total gross proceeds from the combined placements with both strategic investors amount to approximately C$6,329,153 through the issuance of 7,032,393 common shares. All securities issued are subject to a statutory four-month-and-one-day hold period expiring March 4, 2026.

Patrick Elliott, President and CEO, commented:

‘Closing this placement marks another milestone for Forte. Within three months, we’ve welcomed two strategic investors who share our long-term vision and confidence in the quality of our Peruvian portfolio. Their participation strengthens Forte’s shareholder base and positions the Company to accelerate its copper-gold exploration programs with meaningful momentum.

‘We extend our sincere thanks to both new and existing shareholders for their continued confidence and support as we advance Forte’s growth strategy in Peru.’

Use of Proceeds
Proceeds from the Offering will be used to advance exploration across Forte’s portfolio of four Peruvian projects. A portion of the funds will also support general working capital and corporate purposes.

The Company also granted 150,000 stock options to consultants pursuant to its existing stock option plan. All Options are exercisable at C$1.25 per share for a period of five years, subject to the terms of the plan and applicable regulatory approvals.

ABOUT Forte Minerals CORP.
Forte Minerals Corp. is an exploration company with a strong portfolio of high-quality copper (Cu) and gold (Au) assets in Peru. Through a strategic partnership with GlobeTrotters Resources Perú S.A.C. , the Company gains access to a rich pipeline of historically drilled, high-impact targets across premier Andean mineral belts. The Company is committed to responsible resource development that generates long-term value for shareholders, communities, and partners.

On behalf of Forte Minerals CORP.

(signed) ‘ Patrick Elliott’
Patrick Elliott, MSc, MBA, PGeo
President & Chief Executive Officer
Forte Minerals Corp.
info@forteminerals.com
www.forteminerals.com

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Certain statements included in this press release constitute forward-looking information or statements (collectively, ‘forward-looking statements’), including those identified by the expressions ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘should’ and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward-looking statements relating to the intended use of proceeds of the Strategic Placement. These forward-looking statements and information reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company with respect to the matter described in this press release. Forward-looking statements involve risks and uncertainties, which are based on current expectations as of the date of this release and subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Additional information about these assumptions and risks and uncertainties is contained under ‘Risk Factors and Uncertainties’ in the Company’s latest management’s discussion and analysis, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca, and in other filings that the Company has made and may make with applicable securities authorities in the future.

Forward-looking statements are not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information or statements to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.

Neither the Canadian Securities Exchange (the ‘CSE’) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Blue Sky Uranium (TSXV: BSK,OTC:BKUCF) (OTCQB: BKUCF), Advanced Exploration UraniumVanadium District in Argentina, is pleased to announce that it will present at Red Cloud’s Fall Mining Showcase 2025. Shareholders and interested parties are invited to attend the event and learn more about the company’s latest developments.

The annual conference will be hosted in-person, at the Sheraton Centre Toronto Hotel on November 4 & 5, 2025, bringing together investors, mining companies and industry leaders.

Niko Cacos will be presenting on November 5th at 12:pm ET Eastern Standard time.

For the latest agenda and to register for the conference visit:
https://redcloudfs.com/fallminingshowcase2025/

We look forward to seeing you there.

About Blue Sky Uranium
Blue Sky Uranium Corp. (TSXV: BSK,OTC:BKUCF) (FSE: MAL2) (OTCQB: BKUCF) is one of Argentina’s best-positioned uranium & vanadium exploration companies with more than 4,000 km2 (400,000 ha) of prospective tenements. The Company’s mission is to deliver exceptional returns to shareholders by acquiring, exploring and advancing towards production a portfolio of uranium-vanadium projects, with an emphasis on near-surface deposits with the potential for near-term low-cost production. The Company follows international best practices in exploration, with a focus on respect for the environment, the communities, and the cultures in all the areas in which we work.

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce the fourth 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)

• CA25-536 intersected 339.6 g/t Au over 0.5 m included in 111.5 g/t Au over 2.0 m (NCZ1).
• CA25-532 graded 22.0 g/t Au over 1.0 m included in 11.4 g/t Au over 2.0 m (NCZ1).
• CA25-535 reported 17.1 g/t Au over 1.0 m included in 9.6 g/t Au over 2.0 m (NCZ1).
• CA25-531 intersected 7.0 g/t Au over 3.0 m included in 3.2 g/t Au over 12.5 m (NCZ3).
• CA25-533 graded 11.0 g/t Au over 0.7 m included in 3.9 g/t Au over 4.7 m (NCZ3).

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 .
• Holes CA25-531 and CA25-536 represent the deepest holes completed by Cartier and confirm the gold system remains robust and open in all directions , suggesting significant expansion potential .
• All the drilling objectives were successfully achieved, namely, enhance understanding of the mineralization style associated with the newly identified Héva Fault Zone and define a gold enrichment vector to guide future drilling campaigns.
• 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 drilling is required on NCZ to extend gold mineralization closer to surface (0-150 m) to support a future gold inventory for this new highly strategic sector.
• Further exploration drilling is already planned to test several new high-priority regional targets at Contact Sector, backed by detailed structural and geological modelling and VRIFY’s artificial intelligence (AI) driven targeting , reinforcing the potential for additional gold discoveries .

‘ Encouraged by these results, Cartier is now evaluating an expansion of its drilling program toward the eastern extensions of NCZ, where multiple geophysical anomalies identified, outlining a highly prospective 5 km-long target zone with strong potential for new gold discoveries. ‘ – Philippe Cloutier, President and CEO of Cartier.

‘ Cartier has now released its third round of results from NCZ, each time delivering outcomes that have exceeded the company’s expectations. These consistent successes highlight the robustness and continuity of this high-grade gold system, reinforcing the strategic importance of focusing exploration efforts in this sector . ‘ – 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 CA25-536

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 55-70 % of the reported core length intervals.

Contact Sector

The Contact Sector is a highly prospective area featuring the North Contact Zone (‘ NCZ ‘) 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.

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 55-70 % 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/b9bc8421-f7e9-449c-a98e-72aad7386f70

https://www.globenewswire.com/NewsRoom/AttachmentNg/7a730070-9a6c-4f5b-a9d9-70786f9ee351

(TheNewswire)

Toronto, Ontario November 4, 2025 TheNewswire – Laurion Mineral Exploration Inc. (TSX.V: LME | OTC: LMEFF) (‘LAURION’ or the ‘Corporation’) is pleased to announce encouraging results from its 7,700-metre Summer 2025 drill exploration program at the 100%-owned Ishkõday Project, located 220 km northeast of Thunder Bay in Greenstone, Ontario. The first five drill results were announced in the Corporation’s press releases dated August 19, 2025 and September 23, 2025, respectively, which targeted the high-grade gold-bearing vein systems of the Sturgeon River Mine area. Reference is also made to the Corporation’s press releases dated September 5, 2025, May 27, 2025 and May 8, 2025.

The reported drill holes below, LME25-061 and LME25-062, totalling 954 m were designed to evaluate the mineralized system at the historic Brenbar Mine area, stepping out to the north and northeast of the of the historic mine shaft.

Highlights of Drill Holes LME25-061 and LME25-062

LME25-061

• 2.70 m @ 0.22 g/t Au from 152.6 m to 155.3 m

• 2.50 m @ 0.20 g/t Au from 167.5 m to 170 m

• 2.25 m @ 0.88 g/t Au from 213.85 m to 216.10 m, including 1.70 m @ 1.10 g/t Au from 214.4 m

LME25-062

• 3.00 m @ 0.49 g/t Au from 304.0 m to 307 m, including 1.0 m @ 1.34 g/t Au from 304.0 m

• 2.00 m @ 0.50 g/t Au from 111.0 m to 113.0 m, including 0.5 m @ 1.45 g/t Au from 111.80 m

• 1.20 m @ 0.76 g/t Au from 105.7 m to 106.9 m, including 0.7 m @ 1.07 g/t Au from 105.7 m

• 1.05 m @ 2.68 g/t Au from 117.6 m to 118.65 m, including 0.5 m @ 5.18 g/t Au from 118.15 m

• 1.15 m @ 0.39 g/t Au from 310.7 m to 311.85 m

• 1.10 m @ 1.63 g/t Au from 454.4 m to 455.5 m

These new intercepts not only confirm the continuity of gold-bearing structures near the Brenbar Shaft, but also demonstrate how far our understanding of Ishk õ day has advanced since the early 2010 drilling campaigns,’ said Cynthia Le Sueur-Aquin, President and CEO of Laurion Mineral Exploration Inc. ‘Our 2025 drill core is fully oriented, allowing precise structural interpretation and integration into our evolving 3D geological model — a critical step toward defining the geometry and scale of the mineralized system.’

The 2025 drill program targeted a cluster of complex folded gold-bearing vein structures in the Brenbar Shaft namely No 1, 2, 2A and No. 7 vein sets confirmed in historic drilling by Prodigy Gold Inc. ( Jamie Solomon & Jerry Light, June 13, 2011 ). That work returned multiple higher-grade intercepts, including 3.77 g/t Au over 1.30 m and 1.33 g/t Au over 1.0 m in BB09-03 , 5.50 g/t over 2.5 m, 1.39 g/t Au over 1.0 m and 1.47 g/t Au over 1.0 min BB09-04 , 2.29 g/t Au over 1.10 m and 0.39 g/t Au over 15.90 m in BB09-09 , 0.549 g/t Au over 12.50 m in BB09-10 , and 1.56 g/t Au over 1.0 m, 0.51 g/t Au over 6.30 m, 3.26 g/t Au over 0.80 m and 0.66 g/t Au over 8.20 min BB10-27 which tested No. 15 Vein, #25 trench vein . The results confirm high-grade quartz-vein hosted gold within sheared volcanic rocks. They provide the basis for LAURION’s 2025 program to test continuity and strike length at Brenbar, and to collect oriented core for detailed structural analysis and 3D modeling.

Table of Assays for Drill Holes for LME25-061 and LME25-062

Note: (Intervals represent core length; true widths are estimated at ~70–90% of reported intervals.)

Note: (Intervals represent core length; true widths are estimated at ~70–90% of reported intervals.)

Sampling and QA/QC Protocols

All drill core is transported and stored inside the core facility located at the Ishkõday Project in Greenstone, Ontario. LAURION employs an industry standard system of external standards, blanks and duplicates for all of its sampling, in addition to the QA/QC protocol employed by the laboratory. After logging, core samples were identified and then cut in half along core axis in the same building and then zip tied individually in plastic sample bags with a bar code. Approximately five or six of these individual bags were then stacked into a ‘rice’ white material bag and stored on a skid for final shipment to the laboratory.

All core samples were shipped to the ALS facility in Thunder Bay, Ontario, which were then prepared by ALS Global Geochemistry in Thunder Bay and analyzed by ALS Global Analytical Lab in North Vancouver, British Columbia. Samples are processed by 4-acid digestion and analyzed by fire assay on 50 g pulps and ICP-AES (InductivelyCoupledPlasma – AtomicElement-Spectroscopy). Over limit analyses are reprocessed with gravimetric finish.

A total of 5% blanks and 5% standard are inserted randomly within all samples. 5% of the best assay result pulps were sent for re-assays. All QAQC were verified, and no contamination or bias have been observed. The remaining half of the core, as well as the unsampled core, is stored in temporary core racks at the core logging facility in Beardmore and moved to the core storage facility at the Ishkõday Project.

Qualified Person

The technical contents of this release were reviewed and approved by Jean-Philippe Paiement, PGeo, MSc, a consultant to LAURION and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

About Laurion Mineral Exploration Inc.

The Corporation is a mid-stage junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 274,097,283 outstanding shares, of which approximately 73.6% are owned and controlled by insiders who are eligible investors under the ‘Friends and Family’ categories.

LAURION’s emphasis is on the exploration and development of its flagship project, the 100% owned mid-stage 57 km 2 Ishkõday Project, and its gold-rich polymetallic mineralization.

LAURION’s chief priority remains maximizing shareholder value. A large portion of the Corporation’s focus in this regard falls within the scope of its mineral exploration activities and more specifically, advancing the Ishkõday Project. A consequence of LAURION’s success and advancement over the past several years is that the Corporation has become positioned as an acquisition target for appropriate potential acquirors. Accordingly, the Corporation’s Board of Directors is aware that possible strategic alternatives and transactional opportunities may arise and/or could be procured in the short or medium terms. The Corporation will promptly issue a press release if any material change occurs.

FOR FURTHER INFORMATION, CONTACT:

Laurion Mineral Exploration Inc .

Cynthia Le Sueur-Aquin – President and CEO

Tel: 1-705-788-9186 Fax: 1-705-805-9256

Douglas Vass – Investor Relations Consultant

Email: info@laurion.ca

Website: http://www.LAURION.ca

Follow us on: X (@LAURION_LME ), Instagram (laurionmineral) and LinkedIn ( )

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation’s current expectations regarding future events including with respect to LAURION’s business, operations and condition, management’s objectives, strategies, beliefs and intentions, the Corporation’s ability to advance the Ishkõday Project, the nature, focus, timing and potential results of the Corporation’s exploration, drilling and prospecting activities in 2025 and beyond, including the Corporation’s diamond drill program described in this press release and the Corporation’s other planned activities for the Ishkõday Project for the remainder of 2025, and the statements regarding the Corporation’s exploration or consideration of any possible strategic alternatives and transactional opportunities (including, without limitation, the Corporation’s engagement of third party advisors to explore any such potential alternatives and opportunities), as well as the potential outcome(s) of this process, the possible impact of any potential transactions referenced herein on the Corporation or any of its stakeholders, and the ability of the Corporation to identify and complete any potential acquisitions, mergers, financings or other transactions referenced herein, and the timing of any such transactions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the TSX Venture Exchange or any other applicable regulator not providing its approval for any strategic alternatives or transactional opportunities, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation’s publicly filed documents. Investors should consult the Corporation’s ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation’s public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements. All sample values are from grab samples and channel samples, which by their nature, are not necessarily representative of overall grades of mineralized areas. Readers are cautioned to not place undue reliance on the assay values reported in this press release.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Copyright (c) 2025 TheNewswire – All rights reserved.

(TheNewswire)

Toronto, Ontario November 4, 2025 TheNewswire – Laurion Mineral Exploration Inc. (TSX.V: LME | OTC: LMEFF) (‘LAURION’ or the ‘Corporation’) is pleased to announce encouraging results from its 7,700-metre Summer 2025 drill exploration program at the 100%-owned Ishkõday Project, located 220 km northeast of Thunder Bay in Greenstone, Ontario. The first five drill results were announced in the Corporation’s press releases dated August 19, 2025 and September 23, 2025, respectively, which targeted the high-grade gold-bearing vein systems of the Sturgeon River Mine area. Reference is also made to the Corporation’s press releases dated September 5, 2025, May 27, 2025 and May 8, 2025.

The reported drill holes below, LME25-061 and LME25-062, totalling 954 m were designed to evaluate the mineralized system at the historic Brenbar Mine area, stepping out to the north and northeast of the of the historic mine shaft.

Highlights of Drill Holes LME25-061 and LME25-062

LME25-061

• 2.70 m @ 0.22 g/t Au from 152.6 m to 155.3 m

• 2.50 m @ 0.20 g/t Au from 167.5 m to 170 m

• 2.25 m @ 0.88 g/t Au from 213.85 m to 216.10 m, including 1.70 m @ 1.10 g/t Au from 214.4 m

LME25-062

• 3.00 m @ 0.49 g/t Au from 304.0 m to 307 m, including 1.0 m @ 1.34 g/t Au from 304.0 m

• 2.00 m @ 0.50 g/t Au from 111.0 m to 113.0 m, including 0.5 m @ 1.45 g/t Au from 111.80 m

• 1.20 m @ 0.76 g/t Au from 105.7 m to 106.9 m, including 0.7 m @ 1.07 g/t Au from 105.7 m

• 1.05 m @ 2.68 g/t Au from 117.6 m to 118.65 m, including 0.5 m @ 5.18 g/t Au from 118.15 m

• 1.15 m @ 0.39 g/t Au from 310.7 m to 311.85 m

• 1.10 m @ 1.63 g/t Au from 454.4 m to 455.5 m

These new intercepts not only confirm the continuity of gold-bearing structures near the Brenbar Shaft, but also demonstrate how far our understanding of Ishk õ day has advanced since the early 2010 drilling campaigns,’ said Cynthia Le Sueur-Aquin, President and CEO of Laurion Mineral Exploration Inc. ‘Our 2025 drill core is fully oriented, allowing precise structural interpretation and integration into our evolving 3D geological model — a critical step toward defining the geometry and scale of the mineralized system.’

The 2025 drill program targeted a cluster of complex folded gold-bearing vein structures in the Brenbar Shaft namely No 1, 2, 2A and No. 7 vein sets confirmed in historic drilling by Prodigy Gold Inc. ( Jamie Solomon & Jerry Light, June 13, 2011 ). That work returned multiple higher-grade intercepts, including 3.77 g/t Au over 1.30 m and 1.33 g/t Au over 1.0 m in BB09-03 , 5.50 g/t over 2.5 m, 1.39 g/t Au over 1.0 m and 1.47 g/t Au over 1.0 min BB09-04 , 2.29 g/t Au over 1.10 m and 0.39 g/t Au over 15.90 m in BB09-09 , 0.549 g/t Au over 12.50 m in BB09-10 , and 1.56 g/t Au over 1.0 m, 0.51 g/t Au over 6.30 m, 3.26 g/t Au over 0.80 m and 0.66 g/t Au over 8.20 min BB10-27 which tested No. 15 Vein, #25 trench vein . The results confirm high-grade quartz-vein hosted gold within sheared volcanic rocks. They provide the basis for LAURION’s 2025 program to test continuity and strike length at Brenbar, and to collect oriented core for detailed structural analysis and 3D modeling.

Table of Assays for Drill Holes for LME25-061 and LME25-062

Note: (Intervals represent core length; true widths are estimated at ~70–90% of reported intervals.)

Note: (Intervals represent core length; true widths are estimated at ~70–90% of reported intervals.)

Sampling and QA/QC Protocols

All drill core is transported and stored inside the core facility located at the Ishkõday Project in Greenstone, Ontario. LAURION employs an industry standard system of external standards, blanks and duplicates for all of its sampling, in addition to the QA/QC protocol employed by the laboratory. After logging, core samples were identified and then cut in half along core axis in the same building and then zip tied individually in plastic sample bags with a bar code. Approximately five or six of these individual bags were then stacked into a ‘rice’ white material bag and stored on a skid for final shipment to the laboratory.

All core samples were shipped to the ALS facility in Thunder Bay, Ontario, which were then prepared by ALS Global Geochemistry in Thunder Bay and analyzed by ALS Global Analytical Lab in North Vancouver, British Columbia. Samples are processed by 4-acid digestion and analyzed by fire assay on 50 g pulps and ICP-AES (InductivelyCoupledPlasma – AtomicElement-Spectroscopy). Over limit analyses are reprocessed with gravimetric finish.

A total of 5% blanks and 5% standard are inserted randomly within all samples. 5% of the best assay result pulps were sent for re-assays. All QAQC were verified, and no contamination or bias have been observed. The remaining half of the core, as well as the unsampled core, is stored in temporary core racks at the core logging facility in Beardmore and moved to the core storage facility at the Ishkõday Project.

Qualified Person

The technical contents of this release were reviewed and approved by Jean-Philippe Paiement, PGeo, MSc, a consultant to LAURION and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects .

About Laurion Mineral Exploration Inc.

The Corporation is a mid-stage junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 274,097,283 outstanding shares, of which approximately 73.6% are owned and controlled by insiders who are eligible investors under the ‘Friends and Family’ categories.

LAURION’s emphasis is on the exploration and development of its flagship project, the 100% owned mid-stage 57 km 2 Ishkõday Project, and its gold-rich polymetallic mineralization.

LAURION’s chief priority remains maximizing shareholder value. A large portion of the Corporation’s focus in this regard falls within the scope of its mineral exploration activities and more specifically, advancing the Ishkõday Project. A consequence of LAURION’s success and advancement over the past several years is that the Corporation has become positioned as an acquisition target for appropriate potential acquirors. Accordingly, the Corporation’s Board of Directors is aware that possible strategic alternatives and transactional opportunities may arise and/or could be procured in the short or medium terms. The Corporation will promptly issue a press release if any material change occurs.

FOR FURTHER INFORMATION, CONTACT:

Laurion Mineral Exploration Inc .

Cynthia Le Sueur-Aquin – President and CEO

Tel: 1-705-788-9186 Fax: 1-705-805-9256

Douglas Vass – Investor Relations Consultant

Email: info@laurion.ca

Website: http://www.LAURION.ca

Follow us on: X (@LAURION_LME ), Instagram (laurionmineral) and LinkedIn ( )

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation’s current expectations regarding future events including with respect to LAURION’s business, operations and condition, management’s objectives, strategies, beliefs and intentions, the Corporation’s ability to advance the Ishkõday Project, the nature, focus, timing and potential results of the Corporation’s exploration, drilling and prospecting activities in 2025 and beyond, including the Corporation’s diamond drill program described in this press release and the Corporation’s other planned activities for the Ishkõday Project for the remainder of 2025, and the statements regarding the Corporation’s exploration or consideration of any possible strategic alternatives and transactional opportunities (including, without limitation, the Corporation’s engagement of third party advisors to explore any such potential alternatives and opportunities), as well as the potential outcome(s) of this process, the possible impact of any potential transactions referenced herein on the Corporation or any of its stakeholders, and the ability of the Corporation to identify and complete any potential acquisitions, mergers, financings or other transactions referenced herein, and the timing of any such transactions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the TSX Venture Exchange or any other applicable regulator not providing its approval for any strategic alternatives or transactional opportunities, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation’s publicly filed documents. Investors should consult the Corporation’s ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation’s public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements. All sample values are from grab samples and channel samples, which by their nature, are not necessarily representative of overall grades of mineralized areas. Readers are cautioned to not place undue reliance on the assay values reported in this press release.

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