Golden Cross has now completed 10 holes for over 2,300 metres of diamond drilling at the Reedy Creek Project. Drilling has initially focused on confirming the presence of multiple vein sets, variable silicification and zones of sulphide mineralization consistent with orogenic-style systems.

Assays received from the first three diamond drillholes comprising 393.21 metres drilled into the Prince of Wales target. Assay results received from this first-pass testing, aimed at vectoring future drilling, include: 10.8 metres at 2.08 g/t gold from 28 metres in PWD004, including 0.5 metres at 24.4 g/t Au from 28 metres.

Drilling successfully enhanced the three-dimensional targeting model with sub-surface geological and structural data collected. Resampling of historical and previously unsampled drill core by Golden Cross has returned compelling results, including 23 metres at 3.01 g/t Au from 22 metres (RWB10); 9 metres at  3.64g/t Au from 38 metres in (RWB12) and 10 metres at 2.81 g/t Au from 37 metres in (RWB13).

Visibly the core shows a strong correlation with the dominant regional gold mineralization trends, as seen at Fosterville and Costerfield. That is, the gold bearing quartz veins are found in folded marine sedimentary rocks – a classic host for Victorian style gold.

At Price of Wales, visible gold was seen in core within the low-grade halo at 40.5 metres depth within drillhole PWD004. At Shepherd’s Hill visible gold was observed from samples of mullock located within 10m of drill collars SHD001-003. Trace amounts of stibnite, an ore of antimony, were observed within a quartz vein encountered by SHD002 at a depth of 231.57m, final assays from this hole are pending.

Matthew Roma, CEO, commented, “The geological interpretations identified to date are very encouraging, suggesting a strong possibility that this area could host a significant ‘Victorian-style’ gold deposit at greater depths. With a fully funded Phase 2, 10,000-metre drill program, our primary objective is to vector into the source of this gold system.”

Alan Till, VP Exploration, commented: “These first pass diamond holes have intersected significant gold mineralization, arsenic pathfinder signatures and lower tenor gold halos around quartz reefs, validating the structural targeting approach the company has adopted that has successfully delivered high-quality structural information, materially improving the three-dimensional targeting model used at Reedy Creek.

“Drilling has highlighted clear dilation zones for prioritised follow-up drilling, with the company looking forward to integrating the remaining assay results and advancing targeted drilling on the most prospective structural corridors.”

Maiden drilling completed was also designed to prioritize structural information to develop a precise three-dimensional exploration model, rather than duplicating prior results to effectively target second phase deeper drilling aimed at testing the greatest potential for mineralization.

Drilling to date has successfully intersected targeted multiple vein sets and associated zones of alteration, with orientated core providing key structural data such as measured vein orientations and fault relationships for Phase 2 drilling.

Assay results confirm that all drillholes completed to date have encountered gold mineralization within an arsenic halo, suggesting we are in the outer parts of the gold bearing system.

Significant mineralization was returned in PWD004: 10.8 metres at 2.08g/t Au from 28 metres in PWD004, including 0.5 metres at 24.4 g/t Au from 28 metres.

Next Steps: Ongoing drilling at the Reedy Creek Goldfield as well as the first ever drill program at Welcome Reef. Seven holes totalling approximately 1,900 metres of assays are currently pending from Phase 1 drilling and will be used to refine the Phase 2 drill program. Fully funded 10,000-metres phase 2 drill program with two rigs actively drilling across the Reedy Creek Project.

Targeted re-sampling of historical drill core and previously unsampled intervals was undertaken in order to verify historic gold analyses; determine and identify the presence of any geochemical zonation, or pathfinder elements related to the mineralization; establish the nature of the gold envelope surrounding discrete gold bearing quartz veins; capture gold, antinomy and pathfinder elements, more notably arsenic.

Initial results have returned compelling results that both verify past high-grade intercepts and provide new geochemical vectors to refine future drilling, highlights include: 23m at 3.01 g/t Au from 22m in RWB10, including 2m at 32.25 g/t Au; 9m at 3.64 g/t Au from 38m in RWB12, including 5m at 5.72 g/t from 39m; and 10m at 2.81 g/t Au from 37m in RWB 13, including 2m at 8.45 g/t Au from 40m.

Resampling has successfully verified the previous work completed by Great Pacific Gold (GPAC); established a strong correlation between arsenic and gold, providing an excellent vectoring technique for targeted drilling.

While no significant assays were returned for antimony, the company believes this is an indication that the Reedy Creek goldfield may be located relatively ‘high’ in the mineralized system with. This is supported by the strong association with arsenic and is similar to the pattern seen at Fosterville.

The company has identified the presence of nuggety gold mineralization. Nuggety gold in shallow drillholes occurs as coarse particles or discrete veins, causing high variability between adjacent samples and making small samples prone to under- or over-estimating true grade.

The company further reports that it has entered into an agreement with Machai Capital Inc. dated September 29, 2025, under which Machai will provide a digital marketing campaign. The term of the agreement is for three months for a total retainer of $250,000 plus GST, to be paid as services are provided and invoiced against marketing campaign spend.

Golden Cross Resources focused on advancing the Reedy Creek gold project in Victoria, Australia. Located just 10 km from Southern Cross Gold’s Sunday Creek discovery, the project covers two contiguous tenements in one of Australia’s most active epizonal gold corridors.

The program was designed to test below historical and significant drill results that ended in mineralization, including 146.4 metres at 1.0 g/t AuEq in hole PG-32 and 85.4 metres at 1.0 g/t AuEq in hole PG-36C that was drilled in the opposing direction some 70 metres away.

The first hole REP18 was collared near hole PG-32 with a steeper inclination and was designed to test the extent and potential continuation of the wide mineralized zone past the end of hole PG-32. The company confirms visually that REP18 intersected 242 metres (from 282-to 524 metres down the hole) of the same intensely clay altered, flow-banded rhyolite unit with similar levels of alteration and fine-grained sulphide content, that was intersected in the 146.4 metre mineralized section of hole PG-32.

Because of the steeper inclination, the hole trace of REP18 is approximately 40 metres below and parallel to hole PG-32 when viewed on a vertical cross section. The bottom 30 metres of the mineralized rhyolite in hole REP18 includes an increase in deformation and the amount of dark hairline fractures that may also contain very fine grained sulphides. This lower 30-metre section did not include a significant increase in quartz veining or silica flooding as potentially envisioned.

The drill has been moved to drill a cross-over hole REP22, with an opposing direction and inclination to REP18, in order to confirm the true width and orientation of the 242-metre long altered rhyolite zone. Once hole REP22 is completed, a decision will be made to drill a hole deeper below hole REP18 or 22 to test for the potential occurrence of higher silica and higher sulphide content (higher gold grades) that could be the potential source of the significant alteration and mineralization in the altered rhyolite in hole PG-32, closer to surface.

A second drill has been added to the project and has been set up on Target Hill (#4), located at the NE end of the 1.7km structural corridor that includes altered rhyolites. Target Hill is a highly altered rhyolite dome that had been previously drilled with a hole that intersected 300 metres of 0.12 g/t gold from surface. Hole REP25A will test to a greater depth and at a different orientation to the historical hole.

“We are pleased to see the extent of altered and mineralized rhyolite zone and look forward to seeing the assay results which have been prioritized at the lab and will be released in the coming weeks once received and reviewed,” stated Don Dudek, Senior Exploration Advisor for Wolfden. “The addition of the second rig, will also allow us to speed up the program and add additional holes as warranted.”

Wolfden has optioned the Rockland property and can earn up to a 75% interest in the property.

Grab samples were collected by at least four different exploration teams, including those that had completed the drilling. It is believed that the prospecting grab sample data noted in this release, accurately reflect the gold content of the rocks, especially since different groups returned anomalous assays from the same area and that at least one of the groups, had an active, documented drill sample QAQC program in 2006 and 2007.

PTX is focused on advancing its two flagship projects, the W2 copper-nickel-platinum group elements property located in the Ring of Fire region of northern Ontario and the Shining Tree Gold project, which is situated near established gold mines in the Timmins, Ont., region.

The company recently announced plans to launch a work program at the W2 project that is expected to prepare the project for a directed-upcoming drill program.

In a press release on September 8, 2025, the company said it was planning to complete a non-brokered private placement of units priced at 10 cents, to raise aggregate gross proceeds of $1.5 million. It said each unit would consist of one common share and one half of one share purchase warrant, with each warrant entitling the holder to acquire one additional share for 16 cents for 36 months from the date of issuance.

It said the units to be issued under the offering would be offered to purchasers pursuant to the Lister Issuer Financing Exemption (the LIFE exemption) under Part 5A of National Instrument 45-106 – prospectus exemptions.

Concurrent with the offering, the company said it would complete a private placement (non-LIFE offering) consisting of (i) charity-flow through units (CFT units) priced at 15 cents each, raising gross proceeds of $1.5 million and (ii) flow through units (the FT Units) priced at 13.5 cents, to raise an additional $500,000.  Each CFT unit and FT unit shall consist of one common share and one half of one warrant.

In a subsequent press release on September 16, 2025, the company said it had increased the size of the offering (the LIFE offering) from $1.5 million to $3.5 million, with a minimum offering of $2.0 million worth of hard dollar units.

As part of the LIFE offering, PTX said it would issue up to $1.5 million worth of charity flow-through units at an offering price of 15 cents per CFT unit.

The company also said it was proposing to complete a non-brokered offering (the non-life offering) of (i) flow-through units (FT units) priced at 13.5 cents to raise gross proceeds of up to $1.0 million and (ii) CFT units priced at 15 cents to raise gross proceeds of $500,000.

In its latest press release (September 28, 2025) the company said the maximum size of the offering being completed under the LIFE Exemption has been raised to $5.5 million from $3.5 million, while keeping a minimum offering of $2.0 million of HD units. There remains no minimum on the size of the offering of “charity flow-through units.’’ (CFT units).

In addition, the company said the Non-LIFE Offering has been amended, resulting in the removal of the charity flow-through component of the offering and increasing the maximum size of the offering of flow-though units (FT Units) from $1.0 million to $1.5 million.

PTX shares eased 4.0% or $0.005 to 12 cents. The shares trade in a 52-week range of 17 cents and $0.6.

The property is under option to Eldorado Gold (Québec) Inc. which may earn a 70% interest in each of the Murdoch Creek, Claw Lake, Cook Lake and Perestroika properties, on the terms detailed below.

The 2025 diamond drilling program was budgeted at US$0.84 million. Drilling activities were conducted over the February to March period with follow-up detailed logging, sampling and data compilation work as the holes were logged and analytical results received. A total of 12 holes were completed (PE-25-009 to PE-25-020), for a cumulative sum of 5,004 metres drilled, utilizing two diamond drill rigs. Eldorado Gold is the project operator.

This is a Phase II diamond drilling program, intended to follow-up on promising gold values intercepted in the 2024 program.

The objectives of the 2025 drill program were as follows: to follow-up on DDH GPS-09-01 (3.05m at 20.69 g/t Au) and PE-24-004 (8.60m at 4.45 g/t Au (including 0.50m at 18.16 g/t Au and 0.90m at 12.33 g/t Au.); to define and delineate the existence of lithological and structural controls (i.e. plunge) on the previously intersected gold mineralized veins; and to test for additional shear zones and structures elsewhere the property.

The drilling results have expanded the mineralized footprint from the 2024 program to the southeast, northwest and south of GPS-09-01 and GPS-09-02, along strike and parallel to the mineralized trend.

Drillholes PE-25-14, PE-25-015, PE-25-019, and PE-25-020 followed up on the results of PE-24-008 (27.60 metres at 0.53 g/t Au from 240.70 m), over approximately 350 metres. Wide zones of lower-grade mineralization were intersected, such as 18.40 m at 1.28 g/t Au (145.60 m – 164.00 m) in PE-25-014, in addition to high-grade vein hosted mineralized zones such as 0.50 m at 107.50 g/t Au from 270.00 metres intersected in PE-25-019.

Immediately south of GPS-09-01 and GPS-09-02, PE-25-020 intersected 0.50 m at 73.20 g/t Au from 38.10 m and 2.20 m at 1.97 g/t Au from 56.5 m.

To the northwest along the mineralized corridor, PE-25-013 intersected 1.30 m at Perestroika from 29.70 m, located approximately 750 m northwest of GPS-09-01 and GPS-09-02.

Selected assays include drill hole PE-25-10 that returned 0.50 metres at 14.45 g/t Au from 65.50- 66.00 metres.

PE-25-012: 1.00 m at 5.51 g/t Au from 44.30 m – 45.30 m. PE-25-012: 6.20 m at 1.71 g/t Au from 87.80 m – 94.00 m. PE-25-012: 0.5 m at 6.44 g/t Au from 123.70 m – 124.20 m. PE-25-012: 0.5 m at 6.70 g/t Au from 126.00 m – 126.50 m.

PE-25-012: 16.30 m at 4.01 g/t Au from 127.50 m – 143.80 m, including 0.50 m at 66.30 g/t Au from 128.50 m – 129.00 m, including 0.50 m at 15.90 g/t Au from 137.20 m – 137.70 m, including 0.60 m at 10.60 g/t Au from 141.20 m – 141.80 m.

PE-25-012: 1.00 m at 15.75 g/t Au from 250.50 m – 251.50 m, including 0.50 m at 27.00 g/t Au from 251.00 m – 251.50 metres.

PE-25-013: 1.30 m at 46.39 g/t Au from 29.70 m – 31.00 metres, including 0.80 m at 39.20 g/t Au from 29.70 m – 30.50 m, including 0.50 m at 57.90 g/t Au from 30.50 m – 31.00 m. Refer to original press release for complete assays.

The mineralization intersected is characterized as mostly being hosted in flat extensional quartz-ankerite veins and veinlets. Gold mineralization is closely associated with fine disseminated pyrite with sericite (white mica) alteration.

The mineralized corridor is located between two third order shear zones and is closely associated with a swarm of felsic tonalitic to intermediate dioritic dykes.

The company, Eldorado Gold and Golden Valley Mines & Royalties Inc., as it then was, entered into an Assignment Agreement dated January 25, 2023, under which Golden Valley assigned to the company all its rights and obligations under an option agreement dated October 8, 2021 between Golden Valley and Eldorado. As the assignee under the option agreement, the Company has granted to Eldorado an option to acquire an additional 40% interest in the properties subject to the option agreement, one of which is the Perestroika Property in Québec. The company currently holds a 70% interest in the properties, and Eldorado currently holds a 30% interest.

In order to maintain and to exercise the Option, Eldorado must spend $10,500,000 by the fifth anniversary of the date of the conditions precedent under the option agreement being satisfied, as well as comply with its obligations under the terms of the option agreement to keep the properties. Prior to exercising the option, Eldorado will make an annual payment to the company of $50,000 per year. Upon the exercise of the option by Eldorado, it and the company will enter into a joint venture agreement on the terms set out in the Option Agreement.

Val-d’Or Mining is involved in acquiring and exploring its diverse mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE Ontario and NW Québec. The Company also holds several other properties in Northern Québec (Nunavik) covering different geological environments and commodities (Ni-Cu-PGE’s).

The announcement comes after Kirkland Lake said it had secured lead orders from new and existing investors, including Eric Sprott, Rob McEwen and Crescat Capital for $6.0 million.

The offering will now consist of the issuance of (i) flow through shares priced at 30 cents per FT share, and (ii) units priced at 25 cents per unit in any combination.

Each unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant can be exercised to acquire one additional common share at an exercise price of 40 cents for 36 months from the date of issuance. The FT shares issued under the offering are intended to qualify as “flow-through shares” within the meaning of the if the Income Tax Act (Canada).

Net proceeds will be used to fund exploration activities at the company’s projects and for working capital purposes. The gross proceeds from the FT shares will be used to incur Canadian exploration expenses that are intended to qualify as “flow-through mining expenditures” as those terms are defined in the Tax Act.

On Friday, Kirkland Lake shares rose 1.7% or $0.005 to 30.5 cents.  The shares trade in a 52-week range of 35 cents and $0.025.

Kirkland Lake Discoveries has consolidated a district-scale and prospective land package in the Kirkland Lake gold camp. The assembled properties include the 100%-owned Lucky Strike property, Goodfish-Kirana, the Arnold property, the optioned KL West and KL Central. The company’s land position covers approximately 38,000 hectares over 1,338 claims and 29 patented claims in the Kirkland Lake region. The Lucky Strike property is located immediately east of the land package and consists of 653 unpatented mining claims covering 11,367 hectares.

Kirkland Lake recently said it has intersected a polymetallic mineral system in its first drill hole, KLD25-28 at the Winnie showing at its Kirkland Lake West property. The company said this drilling confirms the system is intrusion-related, unlocking 17 kilometres of highly prospective intrusion contact potential, with geophysics and geochemistry pointing to the most promising targets. The company is planning more drilling at the Winnie showing.

Back in February 22, 2023, Kirkland Lake closed an asset purchase agreement with New Found Gold Corp. [NFG-TSXV] related to the Lucky Strike property.

Under an agreement, Kirkland Lake issued 28.6 million common shares to New Found as well as a 1.0% net smelter return royalty on the Lucky Strike property. The Kirkland Lake share issued to New Found were worth $5.7 million. That left New Found holding 49% of the issued and outstanding Kirkland shares.

In a press release on September 25, 2025, the company said it was raising $3.5 million from a non-brokered private placement offering consisting of up to $2.3 million in non flow-through units priced at 22 cents each, and up to $1.2 million in flow-through units priced at 26 cents per FT unit. The company also said financier Eric Sprott has indicated his intention to subscribe for $2.0 million of the private placement. Sprott is currently the company’s largest shareholder, owning 23% of New Age.

In its latest update on Friday, the company said it will now increase the amount of FT units, to raise up to $1.7 million. “There is no increase to the non-flow-through unit private placement and all other terms described in the September 25 press release remain unchanged, subject to Exchange approval,” the company said in a press release, Friday.

Under the terms of the financing, each FT unit will consist of one common share that will qualify as a flow-through share within the meaning of the Income Tax Act (Canada) and one half of one common share purchase warrant. Each whole FT unit warrant will entitle the holder to purchase one common share at an exercise price of 40 cents at any time up to 36 months from the closing date. “In regards to [Thursday’s] announcement and the NFT units, all of those units are placed and that part of the financing has been spoken for,’’ the company said.

On Friday, New Age shares eased lower, falling 3.1% or $0.01 to 31 cents. The shares currently trade in a 52-week range of 34 cents and $0.07.

New Age Metals has three divisions: a platinum group element division, a lithium/Rare Element division and an Antimony-Gold Division as well as an investment in Metal Quest Mining Corp.’s [MQM-TSXV, MQMIF-OTC] high purity Lac Otelnuk Iron Ore Project.

The PGE Division includes the 100%-owned River Valley project, which ranks as one of North America’s largest undeveloped primary palladium projects.

It hosts a measured and indicated pit-constrained resource of 99.2 million tonnes of 0.52 g/t palladium, 0.20 g/t platinum, 0.009 g/t rhodium, 0.03 g/t gold, 0.06% copper, 0.02% nickel, 0.006% cobalt or 0.90 g/t palladium equivalent.

That adds up to a measured and indicated resource of almost 2.4 million ounces of platinum group metals or 2.87 million palladium equivalent ounces.

New Age said River Valley PGM has excellent infrastructure and is located within 100 kilometres of the Sudbury Metallurgical Complex. The project area is linked to Sudbury by a network of all-weather highways, roads, and rail beds and is accessible year-round with hydro grid and natural gas power nearby.

Drilling will be concentrated in the Herman area, 730 metres south of the Tyee area, and Zone 4, 550 metres west of Zone 1 in the Tyee area, which has been the focus of most of Provenance’s confirmation drilling to date. These areas, although major step-outs, are still within a small portion of the Eldorado West claim package.

The company has engaged Titan Drilling Ltd. to drill a minimum of 1,000 metres in locations selected within the newly permitted areas of the property. Titan Drilling has an excellent reputation, helping to ensure an efficient and on-budget drill program. The RC (reverse circulation) drilling program will continue simultaneously on the property.

Herman area target: The first core hole in this new program is scheduled to test the Herman area following up on Provenance’s initial RC drill holes in this location (ED-27, ED-28 and ED-29; results pending). The data from diamond drilling will provide a much clearer geological understanding of the gold system and of this significant new exploration target that Provenance is currently drilling.

The company expects to release further results from its continuing RC drill program imminently. These results will include the first assays from the company’s newly permitted Herman area, a 730-metre step-out from the company’s recently announced hole ED-26. In addition, select bulk samples are currently undergoing gravity and float metallurgical testing and results will be reported when available.

Rauno Perttu, CEO, stated: “Excellent historical and 2023 Provenance metallurgical tests results support Provenance’s belief that the deposit is amenable to conventional low-cost open-pit mining techniques. I am excited to continue to open the mineralized footprint up at Eldorado not only within the Tyee area as well as to depth but also through expansive stepouts that we are currently well into drilling. The scope and potential of this project continue to impress.”

The company also reported that AB Holdings LLC has been engaged to provide investor communications and market visibility and outreach services. AB Holdings owns and operates The Vanderbilt Report, an on-line financial news and information platform with a robust advertising model designed to reach active investors.

Under the terms of the agreement, the company will pay an upfront fee of US$18,000 for one month of services that can be extended at any time.

The company is at arm’s length to AB Holdings. The company confirms that no securities will be issued as part of this engagement and, to its knowledge, AB Holdings does not currently own any equity or convertible instruments of the company.

Provenance Gold currently holds interests in Nevada, and eastern Oregon, United States.

Highlights: Drill hole RC0579 intersected 6 metres at 2.74 g/t gold from 9 metres depth in saprolite Including 1 metres at 13.06 g/t gold from 10 metres depth.

Multiple zones of lower grade gold mineralization were also intersected within near-surface saprolite material at PDM, including 11 metres at 0.88 g/t gold from 26 metres depth in saprolite in RC0573; 10m at 0.39 g/t gold from surface in saprolite in RC575; 6 metes at 1.46 g/t gold from 11 metres depth in saprolite including 1m at 7.98 g/t gold in RC58; 9m at 0.50 g/t gold from surface plus 5m at 1.96 g/t gold from 41m depth, including 1m at 9.08 g/t gold in DDH334; 2.75m at 3.05 g/t gold from 123.25m depth in saprolite in DDH335; 12.7m at 0.50 g/t gold from 10.3m depth in saprolite in DDH337 and 13m at 0.54 g/t gold from surface in blanket sediments including 1.4m at 3.17 g/t gold from 7.4m depth in DDH338.

Recent drilling at the PDM target has now expanded the surface area of the gold-in-oxide mineralized blanket by 50% from 0.26 km² to 0.39 km² which is expected to have positive implications for the existing gold-in-oxide resource base at PDM.

Drilling in the primary mineralization below the gold-in-oxide blanket has also added 2 new zones of mineralization which are NW-SE trending, are parallel to the existing mineralized zones, extend at least 600 metres along strike and are open to the north and south.

Alan Carter, President and CEO, commented, “These latest drill results from the PDM target at Cuiú Cuiú have extended the surface extent of the gold-in-oxide blanket by 50% indicating a significantly larger gold-in-oxide resource base. This is important given that the existing resource base at PDM was not included in the recently released updated PFS study for the gold-in-oxide starter operation.

“Of greater importance; however, is the fact that additional drilling has increased the number of NW trending primary mineralized zones in the underlying intrusive rocks at PDM, from two to four. All of these mineralized zones remain open along strike to the north and south and at depth. Drilling is currently in progress at the previously untested Mutum target where surface trenches average 0.9 to 1 g/t gold in quartz vein stockwork mineralization in altered intrusive rocks. Drilling is also currently in progress at the Machichie and Machichie NE targets.”

The PDM (Pau de Merenda) target is located 2.5km northwest of the Central gold deposit at Cuiú Cuiú within a prominent northwest-trending +100ppb gold-in-soil anomaly, which has been traced for more than 5km along strike, and remains open. The Central gold deposit, as well as the Central SE, Central North, PDM and Mutum targets all lie within this trend.

The objective of the current drill program at PDM is to add ounces to both the current gold-in-oxide resource base, and to calculate a maiden resource for the mineralized zones in the underlying primary intrusive rocks.

Results were recently received on 10 additional RC holes and six diamond drill holes at PDM. All of the holes were completed on three NE-SW sections and were drilled to the north-east. RC holes RC0573 to RC0576 and diamond drill hole DDH340 were all drilled on section 9347060N. Results are pending on two additional drill holes, DDH342 and DDH344 on this section.

Diamond drill holes DDH334 to DDH338 were all drilled on section 9346906N, 200 metres to the south. Of these holes, DDH334 returned 9m at 0.50 g/t gold from surface plus 5m at 1.96 g/t gold from 41m depth including 1m at 9.08 g/t gold.

These drill results suggest the presence of two additional NW trending mineralized zones that are parallel to the two existing mineralized zones known in the primary intrusive rocks at PDM. Of particular significance, is the result from RC0579 which was drilled on section 9346780N and is one of the most southerly holes drilled at PDM. It returned 6m at 2.74 g/t gold from surface including 1m at 13.06 g/t gold from 10m depth. The mineralized zone intersected at the top of this hole is interpreted to be the most southerly extension of one of the main mineralized zones at PDM and extends mineralization 150m further south. All of the mineralized zones remain open to the south and the north.

These recent results suggest the presence of a significantly larger gold-in-oxide mineralized blanket zone which can now be traced over blanket 0.39 km² and includes the Mutum area to the south-east where previous trenching returned gold values including 32 metresat 1 g/t gold, 25.5 metres at 0.9 g/t gold and 16.5 metres at 0.9 g/t gold. This represents a 50% increase on the previous area of the gold -in-oxide blanket at PDM which previously extended over 0.26 km². The blanket area remains open to the north. Reconnaissance RC drilling at the previously untested Mutum target is currently in progress.

Results are pending on two additional diamond drill holes at PDM (DDH342 and DDH344). Drilling is currently in progress with three rigs turning at the Mutum target as well as the Machichie Main and Machichie NE targets. Drilling during recent months at the Machichie NE target returned 12m at 27.7 g/t, including 5m at 65.5 g/t gold, 11m at 33.0 g/t incl. 4m at 89.3 g/t gold, 6m at 13.3 g/t, including 1m at 77.5 g/t gold and 5m at 24.5 g/t, including 2m at 60.5 g/t gold.

Management continues to focus on securing the necessary construction financing for its gold-in-oxide starter operation at Cuiú Cuiú aimed at leaching the near surface mineralized saprolite and soil material. As per the Updated PFS study of July 29, 2025, the construction capex is US$37.7M and the post-tax IRR is 78% with an NPV of US$73.9M with a payback of 10 months based on the base case gold price of US$2,500/oz. The All-in sustaining costs (AISC) are $1,210/oz of gold produced.

In parallel with our work on securing the construction financing, we are continuing our work on completing the detailed engineering for the project. At the same time, we are building out our construction and operating team under Luiz Celaro, our recently appointed Construction Manager.

The company has a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará, northern Brazil. Three main gold deposits have so far been defined at the Cuiú Cuiú project which contain NI 43-101 compliant Indicated resources of 12.29Mt at 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt at 0.50 g/t gold (216,182oz) in oxide material.

The project also contains Inferred resources of 13.63Mt at 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt at 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022.

The resource estimate for the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on a NI 43-101 technical report dated July 29, 2025.

Burchell Gold Copper Project: Mechanical stripping at the 111 Gold Zone and at seven additional target areas on the Burchell Property has progressed and is expected to be completed in the next two to three days. Washing and sampling of the exposed locations has begun.

A ground Very Low Frequency (VLF) electromagnetic survey has been completed in the Northwest claim area and across the area of the 111 Zone. The data is currently being processed and interpreted. The aim of these two geophysical surveys is to aid in delineating drill targets for Bold’s first phase of drilling in these prospective areas.

The Northwest Claim Area: This area represents the northeastern strike extension of the Moss Trend on the adjacent Moss Gold Property of Gold X2 Mining (formerly Goldshore Resources). A 2024-2025 MMI^TM survey across this area identified clusters of gold, copper and molybdenum anomalies.

Approximately 13 line-km of ground VLF (Very Low Frequency) geophysics were surveyed during the summer, which in conjunction with the soil anomalies will aid in generating drill targets. Data is currently being processed and interpreted.

The 111 Zone: The 111 Gold Zone was identified late in 2024, with one December grab sample returning 68 g/t Au. Gold mineralization occurs within the sheared contact zone between felsic and mafic metavolcanics. Limited hand-stripping and channel sampling during the summer identified an anomalous gold zone 4.5 to 6.5 metres plus wide, with one channel sample returning 2.1 g/t Au over 0.5 metres.

The zone has now been stripped by excavator and washed, with channel sampling to commence shortly. 7 additional target areas near the mafic-felsic contact zone, where gold anomalies have been identified in rock and soil samples, are in the process of being exposed by mechanical stripping, to be completed in 2-3 days.

Ring of Fire News: Bold Ventures’ Koper Lake Project is centrally located within the Ring of Fire discovery area.

Bold management is pleased to see the engagement effort put forth by the Provincial Government led by Premier Doug Ford and Minister Greg Rickford. Bold CEO David Graham commented that “Seeing Premier Ford and Minister Rickford personally involved is very encouraging. It signals the importance of this development that is situated in a very rich geological environment hosting critical minerals. Since our discoveries in 2007, while working with Noront Resources and my initial engagement with the local First Nations, we have seen an ongoing effort by First Nations leaders, Government and Industry to provide information surrounding the mining cycle, infrastructure development and environmental studies. Our hope is that the effort will result in multiple positive effects for the region including: economic development, improved access, education and a higher standard of living. We believe this is possible while respecting the culture and values of the affected Communities.”

Koper Lake Project in the Ring of Fire: The Black Horse is part of the Koper Lake Project where KWG is the Operator of the chromite exploration effort.

Bold owns a 10% carried interest (through to production) in the Black Horse Chromite NI 43-101 Inferred Resource of 85.9 Mt grading 34.5% Cr₂O₃ at a cut-off of 20% Cr₂O₃. Bold also owns a 40% working interest in all other metals found within the Koper Lake claims and has a Right of First Refusal on a 1% NSR covering all metals found within the claim group.

The Black Horse is contiguous with the Blackbird Chromite deposits owned by Ring of Fire Metals (formerly Noront Resources Inc.). The Koper Lake claims are located approximately 300 metres from their Eagle’s Nest Ni-Cu Massive Sulphide Deposit that is in the permit acquisition stage.

The environmental assessment process for all-weather road access to the Ring of Fire is being developed as three proposed road projects. The Northern Road link, the Marten Falls Community Access Road and the Webeque Supply Road.

Bold’s target commodities are comprised of: Copper, Nickel, Lead, Zinc, Gold, Silver, Platinum, Palladium and Chromium.

The bought deal offering consists of 21.3 million shares priced at 23.5 cents per share. The company said the underwriters have been granted the option to purchase for resale up to an additional 15% of the offered shares at the issue price, potentially generating additional proceeds of $750,000. That option is exercisable for up to 48 hours prior to the closing date.

On Thursday, Aztec eased 7.1% or $0.02 to 26 cents. The shares trade in a 52-week range of 30 cents and 15 cents.

In a press release on September 23, 2025, Aztec said it has received the results from the second five holes of its reverse circulation portion of the 2025 drilling program at the Tombstone Property. It said the 2025 program has now completed 19 reverse circulation holes. Highlights include drill hole TR25-06 in the Little John Area, which returned 556.6 g/t silver and 17.7 g/t gold (2,149.5 g/t silver equivalent (AgEq) over 3.04 metres within 28.9 metres of 70.8 g/t silver and 1.993 g/t gold, starting from a depth of 76 metres. TR25-05 returned 238.7 g/t silver and 3.91 g/t gold (590.4 g/t AgEq) over 4.5 metres within 47.1 metres of 85.5 g/t AgEq (36.4 g/t silver and 0.55 g/t gold).

“Visual observations of the drilled sample materials and assay results continue to validate Aztec’s geological model,” the company said. It said the Tombstone Property joint venture management committee met recently and approved an expansion of the drill program from an initially planned 5,000-metre program, to 7,500 metres. The program is expected to be extended to the end of the fourth quarter of 2025.

“The high-grade silver-gold intersection drilled in TR25-06 demonstrates the continued discovery of high-grade precious metals mineralization that the historic Tomstone Silver district is known for,’’ said Aztec CEO Simon Dyakowski.

Back in April, 2024, the company said it continues to intersect strong gold grades over broad widths at the California Zone at its Cervantes Project in Sonora Mexico. Aztec is exploring the project in a joint venture with Kootenay Silver Inc. [KTN-TSXV].

The company said it continues to intersect broad well mineralized gold mineralization from the 2022 reverse circulation drill program at the California target. Highlights include results for hole CAL22-012, which returned 152.4 metres of grade 0.87 g/t gold, including 33.5 metres of grade 2.05 g/t gold.

Cervantes is described as a highly prospective porphyry gold-copper property located in southeastern Sonora state, Mexico. The project lies 160 kilometres east of Hermosillo, within the prolific Laramide porphyry copper belt, approximately 265 kilometres southeast of the Cananea porphyry copper-molybdenum mine.

Flat is emerging as a potential tier-one, free-milling, heap-leachable gold mining opportunity strategically located near one of the world’s largest undeveloped gold deposits, the Donlin Gold Project.

Highlights of the 2025 Phase Two Drill Program – Program Timeline: Phase Two drilling commenced on August 15 and is scheduled to continue through late October 2025.

Three-Rig Program: Two diamond core rigs and one reverse circulation (RC) rig are currently operating with a target of +9,000 metres of drilling. When combined with Phase One, Tectonic expects to complete over 16,000 metres in 2025, the largest drill campaign in both company and project history.

Chicken Mountain Priority: Systematic delineation drilling at Chicken Mountain to support a Maiden Mineral Resource estimate.

Alpha Bowl Expansion: Follow-up and step-out drilling building on Alpha Bowl’s 2024 discovery hole (65.5 m at 1.2 g/t Au, including 6.1 m at 6.0 g/t Au and 1.5 m at 21.7 g/t Au) and the first 2025 Phase One assay result announced September 10, 2025 (41.15 m at 2.23 g/t Au, including 21.34 metres at 4.00 g/t Au with 4.57 metres at 13.25 g/t Au).

Exploration Upside: Select drilling on new targets as warranted, with additional field mapping and prospecting.

Year-Round Operations Initiative: Significant investment in logistics and infrastructure to enable an early spring 2026 restart and lay the foundation for year-round operating capacity.

Environmental Stewardship: Development of an integrated Environmental Baseline Study program in support of long-term planning.

Peter Kleespies, Vice President of Exploration, commented: “Phase One at Flat delivered on every objective, with over 7,700 metres drilled across multiple intrusion targets, and our very first hole of the 2025 returned two strong zones of mineralization, including high-grade gold such as 4.0 g/t Au over 21.34 metres with 13.55 g/t Au over 4.27 metres.

Phase Two builds on that momentum with systematic delineation drilling at Chicken Mountain – the largest and most advanced system on the property – while also stepping out at Alpha Bowl, where we have made one of Alaska’s newest high-grade gold discoveries. Just as importantly, our investments in logistics and infrastructure will allow us to restart drilling as early as spring 2026 and transition Flat closer to year-round operations. Together, these programs are laying the foundation for Flat’s first mineral resource estimate and a future Preliminary Economic Assessment.”

Primary Target: Chicken Mountain – Establishing the Foundation for a Maiden Resource

Scale & System: Chicken Mountain is a 6.5 km x 6.0 km monzonite intrusion with over 3 km of drilled mineralized strike from 86 drill holes, more than half of which ended in gold mineralization, including two deep holes exceeding 400 metres in length. Despite this, drilling to date has tested only a fraction of the Chicken Mountain intrusion, which is only one of 6-km-scale intrusion targets across the 99,000-acre Flat land position.

Evidence of a Large Gold System: Every creek draining from Chicken Mountain, including Alpha Bowl’s Flat Creek, has historically yielded placer gold, underscoring the size and fertility of the system.

Phase Two Design: Systematic section-based drilling with fences of diamond and RC holes across 1 km of strike. Drill orientations are optimized (azimuth 120°, dips -55° to -70°) to cut the northeast-striking, west-dipping sheeted vein arrays identified during Tectonic’s 2023 and 2025 oriented core programs.

Objective: Deliver a supplementary dataset that will assist in supporting a Maiden Mineral Resource estimate and establish the technical foundation for a future Preliminary Economic Assessment (PEA).

The company also granted a total of 260,000 incentive stock options to new employees of the company to purchase up to 260,000 common shares (Option Shares) of Tectonic. The stock options have an exercise price of C$1.25 per Option Share, vest over 18 months in three equal installments every six months from the grant date and expire five years from the grant date.

Highlights: The environmental process LI No 3651/2025 within permits 850.224/2009 and 866.464/2017, was published on September 22, 2025, and is valid for two years until September 22, 2027. This permit covers the northern part of the Central Resource Area.

This license permits the company to construct a plant which would initially process up to 100,000 tonnes of material per year across two mineral rights. The Baldo and Matrincha targets, both located within the current mineral resource in the Central area, are potential sources of feed to a trial mining operation.

Trial mining could potentially generate near-term cash flow, provide greater insight into the structural controls on gold mineralization, and help refine the understanding of the deposit through processing and reconciliation of mined material.

CEO Mike Bennett commented; “Receiving the Environmental Installation Permit for the Cajueiro Project is an important milestone for the company. While no decision has been made to proceed with trial mining, the permit creates a pathway to such activities in the future. Trial mining could potentially provide near-term cash flow, generate valuable geological information, and improve our understanding of the gold mineralization at the Cajueiro Central deposit. We believe this could help identify additional gold-bearing structures and further demonstrate the long-term potential of the project.”

The Cajueiro project is located approximately 75km NW of the town of Alta Floresta in the state of Mato Grosso in central western Brazil. The project is easily accessible by road, lies on open farmland and has grid power and a local water supply. Cajueiro is the most advanced of the key projects that Altamira controls in the region.

The Cajueiro district consists of two independently estimated gold mineral resources at Cajueiro Central and Maria Bonita, plus a series of eight additional untested exploration targets within a radius of 8km of Cajueiro Central.

The Cajueiro Central area has a current open pit resource of 5.66Mt at 1.02 g/t gold for a total of 185,000 oz in the Indicated Resource category and 12.66Mt at 1.26 g/t gold for a total of 515,000 oz in the Inferred Resource category (estimated using a cut-off grade of 0.25 g/t Au and a gold price of US$1,500/oz).

The Maria Bonita open-pit resource consists of Indicated Resources of 24.19Mt at 0.46 g/t gold (for a total of 357,800 oz) and Inferred Resources of 25.64Mt at 0.44 g/t gold (for a total of 362,400oz). These resources were calculated using a 0.2 g/t gold cut-off grade and a gold price of US$2,780/oz. These resources include near-surface saprolite Indicated Resources of 2.02Mt at 0.59 g/t gold (38,000oz) and Inferred Resources of 0.68Mt at 0.40 g/t gold (8,700oz).

The mineralized zone at Maria Bonita is interpreted as dipping to the south and is open down dip. The best drillhole to date (MBA029) intersected 213 metres at 0.8 g/t gold from surface including 146 metres at 1 g/t gold. A third phase of drilling is aimed at testing the area to the south and down-dip from the current resource model.

The Maria Bonita porphyry gold deposit is interpreted as part of a district-scale, porphyry-related mineralizing event. There are currently eight additional porphyry gold targets awaiting scout drill testing over an 8km radius from the Cajueiro Central resource.

The license (LI No. 3651/2025) is valid until September 22, 2027, and authorizes the installation of activities related to trial mining at Cajueiro. The permit covers the Baldo and Matrincha targets, two contiguous mineral rights granted by the National Mining Agency (ANM), with a combined area of approximately 5,137 hectares. The license allows for up to 100,000 tonnes per year of trial mining (50,000 tonnes under each ANM authorization).

The Baldo target corresponds to the Guia de Utilização (GU) under ANM process No. 850.224/2009 whilst the Matrincha target corresponds to the GU under ANM process No. 866.464/2017. Both targets are located within the state of Pará and lie within the currently defined mineral resource (reported under NI 43-101) in the Central area of the Cajueiro Project.

The company is focused on the exploration and development of gold and copper projects within western central Brazil, strategically advancing five projects spanning over 100,000 hectares within the prolific Juruena Gold Belt, an area that has historically yielded over 6 million ounces of placer gold.

The company’s advanced Cajueiro project contains two gold deposits. The central area comprises NI 43-101 resources of 5.66Mt at 1.02 g/t gold for a total of 185,000 oz in the Indicated Resource category and 12.66Mt at 1.26 g/t gold for a total of 515,000oz in the Inferred Resource category. In addition, the Maria Bonita gold deposit comprises additional open pit Indicated Resources of 24.19Mt at 0.46g/t for a total of 357,800oz, and Inferred Resources of 25.64Mt at 0.44g/t for a total of 362,400oz.

Ongoing exploration and fieldwork at Cajueiro indicate the presence of multiple porphyry gold systems, reinforcing its potential for district-scale development. These hard-rock gold sources align with historical alluvial gold production, highlighting the region’s exceptional gold endowment and potential scalability.