Drilling Reveals More High-Grade Shoot - Rouyn Gold Project

Scope for significant and rapid inventory growth with the majority of assay results still pending, while Phase 2 drilling is already underway

Highlights

• Outstanding assays continue to demonstrate that high-grade gold mineralisation is more continuous than previously interpreted and modelled

• The latest results define more high-grade shoots within broad mineralised envelopes, highlighting the potential to grow the Resource at the key Astoria deposit within Rouyn

• Drillhole AS-26-798 confirms the continuity of the mineralised system from a new drilling orientation, providing an important validation of the Company's geological interpretation

• Ongoing drilling is testing the continuity of high-grade zones along strike and down-plunge, including the down-dip continuity between depths of 400m and 1,000m

• Limited mining last occurred at Rouyn in 1988, when gold averaged ~US$440/oz. It lies within the Abitibi greenstone belt, one of the world’s most prolific gold producing regions, hosting numerous multi-million-ounce deposits and several major North American gold mines

Significant Drill Intersections[1]

Hole ID Interval Including

AS-26-795 12.55m @ 5.58g/t Au (from 145.90m) 0.40m @ 74.70g/t Au, and

0.60m @ 31.30g/t Au

AS-26-796 16.80m @ 3.63g/t Au (from 184.70m) 4.40m @ 11.30g/t Au, and

1.50m @ 29.48g/t Au

AS-26-798 48.70m @ 1.86g/t Au (from 195.80m) 0.60m @ 18.20g/t Au, and

11.30m @ 4.74g/t Au

64.50m @ 2.96g/t Au (from 275.80m) 3.50m @ 16.61g/t Au, and

1.20m @ 22.10g/t Au, and

1.20m @ 15.00g/t Au, and

2.80m @ 12.98g/t Au

[1]  Intersections expressed as downhole lengths; true widths are unknown at this stage.