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.

“We are pleased to see the Union Project drill program advancing on schedule and on budget, with key targets now being tested,” commented John-Mark Staude, President and CEO of Riverside Resources. “The geological information we’re gathering, the mineralization indicators, particularly the structural and stratigraphic details, is already refining our exploration model and setting us up for the next stages as the program moves ahead. We look forward to drilling the high-potential Famosa target and to receiving the assay results from the work completed so far as the Riverside team operates working with the drill company.”

The first hole at the Union Mine target was drilled southeast beneath historic workings, cutting through the Clemente and Caborca formations, both key host units for past mining at Union.

The hole ended in the Caborca Formation, encountering the distinctive microconglomeratic carbonate unit that historically hosted mineralization at the bottom of the Union Mine. Samples from this hole have been delivered to Bureau Veritas in Hermosillo, Sonora, for gold fire assay, with pulps to be sent to Vancouver, Canada, for ICP-MS analysis with 4-acid digestion to determine silver, base metal, and multi-element values. This consistent analytical approach has been applied since the outset of the Union program to ensure comparability across results.

Drilling then moved to the northern part of the project, testing two target areas: the El Cobre Mine area and the North Union Mine area. Here, holes were oriented perpendicular to stratigraphy and toward interpreted feeder zones along pre-mineral fault structures, primarily within the Clemente Formation.

Drilling in these areas has intersected more quartzite than initially modeled, with extensive hematitic oxides, an encouraging sign for potential gold mineralization, possibly linked to sulfides that have been oxidized through supergene weathering. Historic mining in the district targeted oxides only, leaving sulfide zones untested. Riverside plans to evaluate this potential beneath past workings across four target areas: Union Mine, El Cobre, North Union, and Famosa.

The program has now moved south to the Famosa target, where two initial holes are planned to test beneath and along strike from historic workings toward a steeply west-dipping, north-south-trending fault structure, as well as into host rocks on either side of this major structural feature.

Famosa produced gold historically, with reported grades exceeding ½ oz/ton gold in archived records referenced in the NI 43-101 report. The company is encouraged by the target’s potential and is eager to advance drilling here.

Once this initial campaign is completed, follow-up work will integrate assay results, ongoing surface programs, additional induced polarization (IP) surveys, and refined geological interpretations based on stratigraphy and structure observed in drilling. The greater-than-expected quartzite content in the Clemente Formation supports the evolving model of fracture- and quartz-pyrite veinlet-hosted gold mineralization, which will help sharpen targeting at the Union Project. Core from all drilling has been logged, saw-cut, and half-core samples sent for assay, with remaining halves retained for reference and cataloging.

The company looks forward to completing the Famosa drilling, receiving the pending assay results, and providing further updates as this program progresses.

Riverside has a solid balance sheet with no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has properties available for option.

The combined company is expected to rank as a top five global copper producer, with output of 1.2 million tonnes annually, headquartered in Canada, offering investors more than 70% exposure to the red metal, via a portfolio of operations, including six world class copper assets, alongside high-quality premium iron ore and zinc businesses.

Teck’s Class B common advanced on the news, rising 12.8% or $6.24 to $54.74. The shares trade in a 52-week range of $72.92 and $40.23.

The merger will be implemented by means of a plan of arrangement through which Anglo American will issue 1.3301 ordinary shares to the existing Teck shareholders in exchange for each outstanding Teck Class A common share and Class B voting share, consistent with a merger of equals at market. Subject to the satisfaction of certain conditions, the Anglo American board also intends to declare a special dividend of US$4.5 billion (expected to be US$4.19 per ordinary share to be paid by Anglo American to its shareholders on the Anglo American register of members ahead of completion of the merger.

At or prior to completion, Anglo American and Teck will each nominate for appointment 50% of the non-executive directors of the Anglo Teck board, with Sheila Murray serving as Chair of Anglo Teck upon completion, at which point the executive directors of the combined company will be Duncan Wanblad as CEO, Jonathan Price as Deputy CEO and John Heasley as CFO. The CEO, Deputy CEO and CFO and a significant majority of the senior executive team will be based in and reside in Canada, with the senior executive team including meaningful representation from South Africa and the United Kingdom.

The combined company will emerge as a top five global copper producer with combined annual copper production of 1.2 million tonnes, increasing by 10% to 1.35 million tonnes from a portfolio of long-life assets including the Collahuasi, Quebrada Blanca, and Los Bronces mines in Chile, the Antamina and Quellaveco mines in Peru and Highland Valley Copper mine in British Columbia.

Ango Teck will also rank as a major producer of iron ore, and one of the world’s largest producers of zinc via the world-class Red Dog mine in Alaska and fully-integrated zinc and lead smelting and refining facilities at Trail, B.C.

The combined company is looking to pre-tax recurring annual synergies of US$800 million, and an additional US$1.4 billion of underlying EBITDA revenue synergies between the adjacent Collahuasi and Quebrada Blanca operations on an average pre-tax annual basis from 2030 to 2049, which is expected to result in an increase of 175,000 tonnes of potential additional copper production.

Highlights – Santiago Deposit: 14.0 metres grading 6.68 g/t gold and 6.0 metres grading 9.0 g/t gold, the first drilling at Santiago since 2008.

High-grade intercepts up to 23.1 g/t AuEq over 1.9 metres within a broader 5.8-metre zone grading 9.0 g/t AuEq.

Underground drilling continues to hit the Creston and Perdido veins in every hole, confirming continuity and expansion potential.

New breccia-style zones returned 27.1 g/t AuEq over 0.4 metres and 13.1 g/t AuEq over 1.2 metres north of current workings.

The first two holes at Santiago have exceeded expectations, returning higher grades than those in the current resource model. Located one kilometre from current mine workings, Santiago has never been mined and is open along strike. Six holes have now been completed (1,656 m of a 2,500 m program).

“The Santiago Deposit is a gold-rich part of the Tahuehueto system that has never been mined,” stated Paul D. Gray, VP Exploration. “These are the first drill results from Santiago in more than 16 years, and they clearly demonstrate the potential for new, high-grade resources. Importantly, Santiago trends onto ground we recently acquired, giving us immediate upside in untested areas.”

All 27 underground holes drilled to date (6,200 m) have intersected the Creston and Perdido veins, extending known mineralization north of existing workings. Several new breccia zones were discovered, confirming strong continuity of these productive structures and supporting near-mine resource growth.

Both surface and underground drilling are advancing. At Santiago, step-out drilling is targeting strike extensions to the east and west. Underground, Phase 2 drilling continues to focus on adding mineable resources into the near- and medium-term mine plan.

The Tahuehueto property comprises a large, epithermal gold-silver vein system comprising 11 km of strike length of known veins and other mineralized structures. These drill campaigns represent the first substantive exploration drilling on the property in over 12 years.

Mineralization remains open along strike and at depth for most of the modeled Mineral Resource areas. The objective of the current campaigns will be a combination of in-fill and step-out drilling to demonstrate the vertical and horizontal extent of mineralization as well as to target thick, high-grade mineralized breccia zones known to exist within the epithermal vein system. Recent mining in Level 23 encountered higher grade mineralization averaging 3.30 g/t Au over vein widths up to 20 metres, with values up to 65.04 g/t Au, in breccia zones branching off the main Creston vein.

In addition to the four veins that comprise the Mineral Resource, there are at least 14 additional prospective veins documented within the concession area that have potential to host additional epithermal Au-Ag(-Cu-Zn-Pb) mineralization. In some cases, these prospective targets may represent extensions of the currently defined Mineral Resource. The company estimates that there are more than 11 km of prospective vein structures (measured along strike), compared to the 4.5 km of mineralized veins that support the current Mineral Resource model.

Luca Mining has two 100%-owned producing mines within the Sierra Madre mineralized belt, Mexico, which hosts numerous producing and historical mines along its trend. The company produces gold, copper, zinc, silver and lead from these mines that each have considerable development and resource upside.

The Campo Morado polymetallic VMS mine is an underground operation located in Guerrero State. It produces copper-zinc-lead concentrates with precious metals credits. It is currently undergoing an optimization program which is already generating significant improvements in recoveries, grades, efficiencies, and cashflows.

The Tahuehueto Mine is a large property of over 75 km² in Durango State. The project hosts epithermal gold and silver vein-style mineralization. Tahuehueto is a newly constructed underground mining operation producing primarily gold and silver. The company has successfully commissioned its mill and is now in commercial production.

Luca declared commercial production at Campo Morado prior to completing a feasibility study of mineral reserves demonstrating economic and technical viability. Luca has completed a preliminary economic assessment (PEA) mining study on the Campo Morado mine that provides a conceptual life of mine plan and a preliminary economic analysis based on the previously identified mineral resources.

The company said the offering will consist of up to 40 million common shares priced at 20 cents per offered share. The agents have been granted the option to sell up to an additional 5.0 million offered shares at the offering price, potentially raising up to an additional $1.0 million. That option can be exercised in whole, or in part for up to 48 hours prior to closing which is expected to occur on September 9, 2025.

Excellon shares rose 2.22% or $0.005 to 23 cents on Tuesday. The shares currently trade in a 52-week range of 39.5 cents and $0.08.

Excellon is focused on the potential restart of the Mallay mine. The Mallay Mine is located in the Lima region of central Peru. From 2012 to 2018, the mine produced 6.0 million ounces of silver, 45 million pounds of zinc and 35 million pounds of lead. The flotation plant has a processing capacity of 600 tones per day. It is currently on care and maintenance, while the company evaluates its restart potential.

The company recently said mine rehabilitation is progressing well. It said an experienced underground mining contractor has commenced rehabilitation of the 4150 and 4090 levels and is advancing 70 to 80 metres of rehabilitation per day. This pace keeps the company on schedule to complete the mine rehabilitation activities within the next three to four months, consistent with prior guidance.

Once rehabilitation is complete, the company said it plans to assess the mine restart within previously developed zones where mineralized material is readily accessible and do not require de-watering. “This restart approach allows us to leverage a fully permitted, operational 600 tonne-per-day processing facility which reflects more than US$115 million in historical investment,” the company said in a press release. “With all necessary permits in place, we are targeting a ramp-up to nameplate capacity by the second quarter of 2026,” the company said.

Meanwhile, the company is also advancing a portfolio of gold, silver and base metal assets including the Tres Cerros gold/silver property in Peru; Kilgore, an advanced gold exploration project in Idaho, and Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history and little modern exploration.

The Tres Cerros exploration property lies approximately six kilometres northwest of Mallay. “We believe this project could host a significant bulk-tonnage gold-silver system and are committed to advancing it in a responsible manner,” the company said.

2025 Results – Highlights of B-9 Western Expansion Drilling – Drill Hole IB25-032: Widest shallow intersection to date averaging 3.3% Zn, 0.7% Pb and 7.4 g/t Ag over 19.1 m from 29.9 m downhole. Includes high-grade zone averaging 8.5% Zn, 2.1% Pb and 21.3 g/t Ag over 2.0 m from 31.0 m downhole.

Intersection is located 30 metres up-dip (west) of 2018 massive sulphide discovery (IB18-009, previously released) averaging 8.0% Zn, 2.0% Pb, and 16.2 g/t Ag over 9.9 metres from 78.1 metres downhole. Results from a hole testing the down-dip projection are pending.

B-9 Zone – Near Surface Trend Extension to 700 metres: Four shallow drill holes IB25-030, IB25-031, IB25-032 and IB25-033 encountered mineralization at the principal horizon, expanding the western mineralization and increasing the B-9 trend to greater than 700 metres in length. Remains open for further exploration at depth and along trend.

Drilling to date has discovered two shallow massive sulphide (high-grade) areas, 250 metres apart, within a broader zone of the same stratigraphy but lesser grade mineralization. Both the southern and northern areas of massive sulphides remain open for expansion.

B-9 mineralized zone extended up-dip (West) and along strike (North and South) – now traced for 700 metres and remains open. Four shallow drill holes IB25-030, IB25-031, IB25-032 and IB25-033 encountered mineralization at the principal horizon, successfully expanding the up-dip (western) projection of the B-9 Zone. Including recently announced extensions to the north (see NR2025-04), the B-9 mineralized trend has been extended to over 700 m in length and remains open for further exploration along trend and at depth

Sedex District in Central BC: The extensive tenure at Indy covers 200 km² and a 30 km length of under-explored strata in central British Columbia. The Indy project is well located with respect to road, rail, power, port and smelter infrastructure.

The near surface mineralization (zinc-lead-silver and barite) discovered across the 7.5 km Main Trend at Indy is typical of worldwide Sedex deposits and districts. These deposits often include significant silver and critical minerals as by-products.

InZinc is exploring its Indy Sedex project (100%) in central British Columbia. The company is exploring near surface zinc-lead-silver and barite mineralization discovered at Indy in a new, under-explored mineral region analogous to the prolific Selwyn Basin of northeastern BC and the Yukon. South32 Limited became a major tenure holder in the Indy belt by staking approximately 200 km² of adjacent claims in late 2021. Through its equity investment in American West Metals and a 50% royalty interest (NSR) from any future production of indium mined at American West’s West Desert project, InZinc is also exposed to a portfolio of North American base metals and precious metals projects.

Drill hole PF-03A was designed to test a very strong geophysical anomaly identified by Quantec Geoscience’s Titan MT survey in 2023. The survey outlined a strong conductive target beginning at ~400 metres and extending to at least 1,500 metres depth and over 2km in horizontal distance. Drilling began in mid-January 2025 and concluded March 7, 2025 at a final depth of 1,144 metres due to equipment challenges, short of the planned 1,500 metres target.

The upper 300 metres of core were not assayed, as the Titan MT model indicated the main conductor began around 400 metres. However, visual inspection of the core confirmed strong sulfide mineralization from surface to 300 metres. This zone remains a high-priority target for future sampling and reassessment. The principal objective of the drill hole was to determine whether the geological target was indeed a porphyry system, and not a different type of conductive anomaly. We are thrilled to report that not only did the drilling confirm the presence of a copper-gold porphyry system, but it also revealed consistently anomalous concentrations of copper, molybdenum, zinc, and lead, alongside a significant presence of gold.

Jim MacKenzie, CEO, stated, “With grades like this, especially with nearly half the samples above 0.20% CuEq, are a clear signal we’re dealing with a significant deposit. The presence of multiple, thick, higher-grade zones-such as 189 metes at 0.326% CuEq including 45 metres at 0.417% CuEq, and 99 metres at 0.278% CuEq including 24 metres at 0.306% CuEq-well above typical early-stage porphyry levels, reinforces Passiflora’s potential as an extensive, long-life copper-gold system.”

“From a geological standpoint, PF-03A is an exciting first step,” said Mark Abrams, VP of Exploration. “The consistent copper values throughout the hole, the upward grade trend with depth, and the presence of multiple minerals typically associated with mature porphyry systems all point to a robust porphyry deposit. These are exactly the kind of early results we look for in a discovery program – the system is open in every direction, and we’ve only just begun to explore its full potential.”

Lead, zinc, and molybdenum are also present. Lead up to 1.02%, zinc up to 0.33% and molybdenum values reaching 892 ppm.

All 303 samples reported above the detection limit for gold, with scattered half-gram per ton results, with a high gold anomaly of 918 ppb Au. The hole is averaging 134.16 ppb Au.

Copper grades consistently increased with depth, suggesting that stronger mineralization may continue beyond the current hole bottom. Anomalous zinc and lead were encountered throughout, with lead peaking at 1.02%. Gold was detected in every fire-assayed sample over the 843.9 metres, with values up to 918 ppb.

With grades already above typical early porphyry exploration thresholds and nearly half our samples in the economic range, these results from hole PF-03A are an exceptional start.

The Passiflora deep discovery hole is located approximately 3.2 km north of the town of Silver Cliff, within the Ben West volcanic center as mapped by the USGS (Sharp, 1978). The project remains open in all directions and at depth.

The main body of the conductive anomaly starts at a depth of ~400m and continues another ~1.5km, maybe deeper (this was the extent of the MT survey depth capability). The length of the anomaly is ~2.4km in the SW-NE direction with a width of at least 700m and an open interpretation in multiple directions. This represents a total volume of over 665,000,000m³ as determined by Quantec.

Passiflora’s early CuEq intercepts (~0.18-0.21% CuEq) sit within the range of early-stage results from some recognized world class porphyry discoveries. The results are encouraging, particularly because copper is

Viscount’s technical team is planning an expanded drilling campaign to test deeper into the Titan MT anomaly at the Passiflora and step out laterally to define the system’s scale. Further metallurgical work will be undertaken to assess potential recovery rates for all metals.

The Silver Cliff property lies within the historic Hardscrabble Silver District in the Wet Mountain Valley, Custer County, south-central Colorado. It is located 44 miles WSW of Pueblo, Colorado, and has year-around access by paved road. The property consists of 96 lode claims where high grade silver, gold and base metal production came from numerous mines from 1878 to the early 1900s.

Atico recently announced the closing of a fully subscribed $3.2 million LIFE offering of 29 million units priced at 11 cents per unit. Under the LIFE offering, and a rights offering, that closed on July 22, 2025, the company raised aggregate proceeds of $6.48 million.

The company said Jorge Ganoza, director and officer, will transition from his full-time position as Vice-President of Operations and Projects, effective August 1, 2025. Jorge will remain a director and advisor to the company.

At the El Roble mine, production for the quarter totaled 2.16 million pounds of copper and 2,385 ounces of gold in concentrates. Copper production contained in concentrates was down 42% from the second quarter of 2024. Gold production in concentrates during the quarter was down 17% from the second quarter of 2024.

Average processed tonnes per day of 830, marked a decrease of 3.0% from year ago levels.

Atico is focused on exploring, developing and mining copper and gold projects in Latin America. It generates significant cash flow via the operation of the El Roble mine and is developing the high-grade La Plata VMS (volcanogenic massive sulphide) project in Ecuador.

Atico shares were unchanged Wednesday at 15.5 cents and trade in a 52-week range of 18.5 cents and $0.028.

El Roble is the only copper mine in production in Colombia. Operations began in 1990.

“The El Roble mine performed as expected for this period, showing improvements compared to the first quarter especially in terms of gold grades and output,” said Atico CEO Fernando Ganoza. “Concurrently, production results, concentrate sales and strong metal prices should lead to improved financial performance and position during this period,” he said. “In the latter half of the year, we expect gradual improvements in production results as we gain increased access to newly discovered high-grade ore zones.”

The El Roble mine is a high grade, underground copper and gold mine with nominal processing plant capacity of 1,000 tonnes per day, located in the Department of Choco in Colombia. Its commercial product is a copper-gold concentrate.

El Roble’s reserves estimate, with an effective date of March 12, 2024, includes proven and probable mineral reserves of 828,000 tonnes, averaging 2.49% copper, 2.20 g/t gold and a life of mine until the first quarter of 2027.

The La Plata property consists of two mining concessions, La Florida and Loma del Tigre, which cover 2,300 hectares and is located 85 kilometres southwest of the capital city of Quito.

An independent preliminary economic assessment (PEA) dated March 30, 2019, pegs the La Plata inferred resources at 1.9 million tons at an average grade of 4.1 g/t gold, 49.4 g/t silver, 3.3% copper, 4.5% zinc, and 0.6% lead.

Following the company’s press release on May 27, 2025 where the company reported high-grade oxide mineralization in the Dean Cave area grading up to 46.5 g/t (1.36 oz/t) Au, 569 g/t (16.6 oz/t) Ag, further channel sampling was undertaken in the East Cave area on the 650′ level, some 46 metres (150ft) below the previously announced samples, and encountered multiple narrow high grade gossanous zones within a zone of heavily altered dolomite, including 180 g/t (5.8 oz/t) Au, 998 g/t (32 oz/t) Ag, 7.8% Pb, 1.05% Zn over 0.1m; 66 g/t Au, 371 g/t Ag, 2.85% Pb, 3.74% Zn over 0.16 m; 49.5 g/t Au, 402 g/t Ag, >20% Pb, 0.64% Zn over 0.09m and 27.3 g/t Au, 132 g/t Ag, 1.9% Pb, 2.9% Zn over 0.1m.

Only the gossanous zones were sampled in this sampling pass, given the high-grade nature of these zones the rest of the altered dolomite will be sampled to give better indications of potential historical grades from these old stope areas. The mineralization here appears strongly structurally controlled by the intersection of two fault systems, giving a plunge direction to explore for further mineralization along. This cave can be directly accessed by the Silver Connor portal from the west side of the mountain.

“These further high-grade results continue to demonstrate the strength and potential of this property. Our geology team has been utilizing Prospect Mountain’s extensive and accessible underground workings to build a greater understanding of the complex structural controls to mineralization,” commented Rupert Williams, CEO. “We expect our summer 2025 drill program to commence in September, with a plan to target several different structural control systems and will consider targeting this area with an additional RC drillhole from surface.”

“The company’s understanding of the complex structural controls to mineralization is rapidly advancing, increasing the likelihood of effectively targeting new zones of mineralization as has successfully been done elsewhere in the Eureka camp,” added David Pym, Lead Geologist. “These samples reinforce our exploration strategy of looking at the Property from three perspective target areas: the near surface oxide, underground oxide and the underground sulphide.”

The Dean Cave complex was one of the last areas to be mined in the historic Diamond mine, with sporadic activity continuing into the 1980’s. The Dean Cave stopes for which we have production records averaged 0.229 oz/t (7.8 g/t) Au, 5.83 oz/t (200 g/t) Ag from 291 ore cars (Silver Viking Corp., 1980, map DM0-08; These records are historical and have not been verified).

The DMEA refers to the area that was briefly mined around 1954 following a loan being granted by the Defense Minerals Exploration Administration for development costs. Material generated averaged 0.69 oz/t Au, 50.5 oz/t Ag, 29.4% Pb. The Deadbroke area is around 500 metres south of the Wabash/Williams historic mining area, where the 2024 drill program was focused, and at surface a number of patented claims sit, which are owned 100% and include Old Put and Antelope.

North Peak’s flagship property is the Prospect Mountain Mine complex which lies in the Battle Mountain Eureka trend, in an area known as the Southern Eureka Gold Belt, where three styles of mineralization have been identified, gold, silver Carlin style mineralization, Carbonate Replacement gold, silver, lead, zinc mineralization (CRD) and carbonate hosted Porphyry Related Skarn lead, zinc and gold mineralization associated with cretaceous intrusions. At the property, the CRD mineralization is heavily oxidized to depths of at least 610m (2,000ft) below the top of the ridge line.

A Plan of Operations is in place which covers part of the property and entitles an operator to pursue surface exploration (totalling 189 acres), underground mining of up to 365,000 tons per annum and certain infrastructural works.

“The 2025 drill programs at the Escacena and C├írmenes Projects are testing a compelling suite of high-priority targets, highlighting excellent potential for additional new discoveries of significant mineralization,” said Tim Moody, President and CEO. “Simultaneously, the team is advancing the plans for the La Romana copper-tin-silver deposit’s maiden Resource due for delivery before year-end, and the step-out drill program is targeting wider zones of higher-grade mineralization for inclusion in the maiden Resource.”

A total of 20 drillholes have been completed at Escacena and Cármenes as part of the 7,000-metre 2025 drill program, testing multiple targets.

Escacena: Eight additional wide-spaced step-out drillholes are planned at La Romana to test extensions of the high-grade mineralization ahead of the maiden Mineral Resource Estimate. Recent drill results have extended the surface strike-length of the mineralization to 1.7km, and it remains open in several areas.

Five drillholes have recently been completed at the Bravo target, with three additional drillholes planned for this phase of the drill program. Drilling to-date has intersected encouraging alteration and sulphide mineralization. Results to be reported on completion of the planned drilling.

Drilling currently testing a strong IP chargeability anomaly on three parallel IP lines, extending over 400 meters east-west, in the south of Bravo and 1 km east of the La Romana copper-tin-silver deposit.

Drilling will also test the Hornitos and Plomillos targets, testing coincident soil Pb-Zn and strong co-incident geophysics anomalies (IP, heliborne EM, and magnetics).

Information obtained from the ongoing drill programs is being used to revise the geophysics interpretation to identify additional potential mineralization for follow-up drilling, including the La Pantoja target where recent drilling confirmed high grade copper and tin mineralization, including 1.53% Cu, 0.05% Sn, 3.9 g/t Ag over 3m in drillhole LPD01 and 5.36% Cu, 8.7 g/t Ag over 1m in drillhole LPD03.

Cármenes: Three of six planned drillholes at the Providencia target have been completed. Results highlight wide breccia intercepts over more than 100m width, and gold mineralization from near surface in every drillhole to date, including 1.08 g/t over 46m in drillhole PVD02, including 6.27 g/t Au over 4m; 0.37 g/t Au over 56m in drillhole PVD03, including 2.19 g/t Au over 4m, 1.05 g/t Au over 10m and 1.22 g/t Au over 4m, 0.23 g/t Au over 110m in PVD04, including 0.59 g/t Au, 1.05% Cu, 0.22% Co, 0.22% Ni over 4m, and 0.51 g/t Au over 14m

Drilling currently testing an area of breccia with gold identified in soil, trench, and channel sampling immediately east and outside of the historical Providencia mine works.

Detailed mapping and surface geochemistry sampling planned ahead of drilling at the Profunda target, 1km south of Providencia

Target selection and prioritization also in progress following interpretation of the recent helicopter electromagnetic, magnetic, and radiometric survey over Cármenes, with more than 30 new targets identified

Pan Global is also advancing the selection process for a consultant to deliver a NI 43-101-compliant Technical Report, including a maiden Mineral Resource Estimate for the La Romana copper-tin-silver deposit at the company’s flagship Escacena Project located within 40km of three existing mining operations/developments and processing plants on the Iberian Pyrite Belt.

The Escacena Project comprises a large, contiguous, 5,760-hectare land package controlled 100% by Pan Global in the east of the Iberian Pyrite Belt. Escacena is located near the operating mine at Riotinto and is immediately adjacent to the former Aznalc├│llar and Los Frailes mines where Minera Los Frailes (Grupo M├⌐xico) is in the final permitting stage for mine development. The Escacena Project hosts Pan Global’s La Romana and La Pantoja copper-tin-silver discoveries and the Ca├▒ada Honda copper-gold discovery. Escacena hosts a number of other prospective targets, including Bravo, Barbacena, El Pozo, Romana Norte, San Pablo, Zarcita, Hornitos, La Jarosa, Romana Deep, and Cortijo.

The C├írmenes Project is located approx. 55km north of Le├│n in northern Spain in the same geologic belt as Orvana’s Orovalle copper-gold mining operation and the Salamon gold deposit and comprises five 100%-owned Investigation Permits over 5,653 hectares. The project area is highly prospective for multiple bodies or “clusters” of carbonate-hosted “pipe-like” breccia style copper, nickel, cobalt, and gold mineralization.

The area includes the former Profunda and Providencia mines that last operated in the 1930s, producing concentrates of copper and cobalt with nickel. Numerous other smaller historical mine workings in the area highlight potential for additional breccia pipes. These types of ore deposits can have significant vertical dimensions exceeding 1km.

The company’s flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain, where a favourable permitting track record, excellent infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one low-risk jurisdiction for mining investment.

The company’s second project, at C├írmenes in northern Spain, is also an area with a long mining history and excellent infrastructure. The company is a member, and operates under the principles, of the United Nations Global Compact.

Highlights: Hole NB25-004 from 202.60 metres downhole: 4.40 metres of 9.35% Zinc, 1.38% lead and 21.2 g/t silver, including 1.20 metres of 23.44% Zn, 4.15% Pb, and 55.8 g/t Ag, and 35.34 m of 3.39% Zn, including 7.97 metres of 8.00% Zn and 4.1 g/t Ag, and 4.31 metres of 3.86% Zn and 12.3 g/t Ag.

Hole NB25-002 from 200.85 m downhole: 21.72 m of 3.71% Zn and 4.2 g/t Ag, including 7.48 m of 4.83% Zn and 3.2 g/t Ag; and 7.44 m of 3.80% Zn and 8.3 g/t Ag; and 7.44 m of 3.80% Zn and 8.3 g/t Ag.

Significant concentrations of germanium and gallium are associated with sphalerite mineralization.

Ian Gibbs, President and CEO, stated, “The successful intersection of sulphide mineralization within targets generated from the 2024 muon tomography survey confirms the effective use of this exploration technique in the Macpass District. Our 2025 drilling confirms the density signatures generated from the survey correspond to mineralization, alteration, or denser rock types. Supported by Digital Supercluster funding, we’ve seen significant savings on both the deployment of the muon tomography survey in 2024 as well as the follow-up drilling at these targets this field season. The use of multiphysics to delineate and refine targets continues to highlight Fireweed as an award-winning pioneer of emerging technologies in the exploration space and we are excited to leverage this new technique in the future.”

The drill holes in this release primarily comprise intervals of semi-massive zinc, lead, silver sulphide mineralization (in the form of sphalerite and galena) and vein, replacement, and breccia style mineralization from the northern and eastern Boundary Zone areas as successful step-outs from the Boundary Zone Mineral Resource Estimate (MRE).

Semi-massive sulphides were intersected the eastern end of the deposit along strike of massive sulphide mineralization present in the Boundary Zone Prime Zone (BZPZ) in addition to vein and replacement style mineralization which explain the density anomalies generated from the muon tomography survey. One hole drilled into an anomaly in the northern Boundary Zone area was successful in intersecting vein and replacement mineralization, as well as significant intervals of siderite (iron carbonate alteration) that explain the density anomalies generated in this area. In the southern area of Boundary Zone one hole was drilled into dense rocks of the Vampire formation-a lithology not mapped in this area which is denser than the predicted lithology.

Collectively, all holes drilled to completion targeting anomalies generated from the muon tomography have been explained satisfactorily. The muon tomography survey conducted in partnership with Ideon Technologies has performed well in imaging the estimated densities of the Boundary Zone MRE.

Hole NB25-004 was successful in intersecting a narrow expression of the stratiform to massive sulphide mineralization associated with the Boundary Zone Prime Zone. The remaining holes (NB25-003 and NB25-005) completed as step-outs to the eastern extent of the MRE were successful in intersecting various packages of replacement, vein, and breccia style zinc mineralization. In the north, NB25-002 intersected vein and replacement style mineralization. All mineralized intercepts are beyond the limits of the 2024 MRE.

On the north side of Boundary zone, NB25-002 intersected vein, breccia, and massive sulphide mineralization within stratigraphy while targeting a potential fold structure. Bedding orientations indicate a fold structure is present around the target area.

Summaries of the intersections from these holes discussed above are as follows:

NB24-004 intersected 4.40 m of stratiform to massive sulphide mineralization grading 9.35% Zn, 1.38% Pb, and 21.2 g/t Ag, including 1.20 m of 23.44% Zn, 4.15% Pb, and 55.8 g/t Ag; Intersected 35.34 m of vein, breccia, and replacement sulphide mineralization grading 3.39% Zn and 2.2 g/t Ag, including 7.97 m of 8.00% Zn and 4.1 g/t Ag; and 4.31 m of 3.86% Zn and 12.3 g/t Ag.

NB25-002 intersected 21.72 m of vein, breccia, and replacement sulphide mineralization grading 3.71% Zn and 4.2 g/t Ag, including 7.48 m of 4.83% Zn and 3.2 g/t Ag; and 7.44 m of 3.80% Zn and 8.3 g/t Ag; and 13.50 m of 2.37% Zn and 2.5 g/t Ag; and 6.90 m of 2.28% Zn and 8.7 g/t Ag; and 3.59 m of 3.16% Zn and 5.4 g/t Ag.

NB25-003: intersected 11.84 m of vein, breccia, and replacement sulphide mineralization grading 1.58% Zn and 3.4 g/t Ag; and 6.62 m of 1.70% Zn and 2.2 g/t Ag.

NB25-005 intersected 3.14 m of vein, breccia, and replacement style mineralization grading 5.62% Zn, and 4.3 g/t Ag.

The holes in this release are step-out holes testing density anomalies generated from a muon tomography survey and consist of vein, breccia, replacement, and stratiform to massive sulphides at Boundary Zone. Four holes (NB25-002, NB25-003, NB25-004, and NB25-005) contain mineralized intercepts within the density targets whereas NB25-006 intersected dense but not mineralized rocks of the Vampire Formation. NB25-001 was abandoned due to ground conditions and re-drilled as NB25-002.

Regional exploration hole MP25-001 was drilled 1.5 km west of End Zone, it did not intersect significant mineralization.

Currently, Fireweed Metals has five drill rigs active across the Macpass district, targeting high-grade step-outs at Tom, as well as resource conversion, geotechnical, hydrogeological, and geometallurgical drilling at Mactung. There are three active drill camps with a total capacity of ~150 people as well as an active regional exploration program consisting of two fly camps facilitating gravity, soil sampling, and prospecting. Regional zinc and gold exploration targets will be drill-tested in the latter half of the exploration season.

One drill is currently active at the Gayna project targeting carbonate reef margin massive sulphides and testing a new genetic model that was developed using the Kipushi deposit in the Democratic Republic of Congo as a conceptual geological analogue.

To date, the Company has released the results of the first seven drill holes of the 2025 campaign, with six focused at Boundary Zone and one regional target. Additional results from Tom, Mactung, and regional drilling will be made available as they are received and interpreted.

Fireweed is 100% owner of the Macpass District, a large and highly prospective 985 km² land package. The Macpass District includes the Macpass zinc-lead-silver project and the Mactung tungsten project. Fireweed is a Lundin Group company.