Renforth Resources Inc. had completed its drill program undercutting previously announced surface gold intersections obtained in the stripped area within the open pit footprint of the Parbec gold deposit with two drillholes completed. Visual observation in drill core showed the lithologies targeted at Parbec, samples will be taken and assayed with results released when available. The two completed drill holes were designed as undercuts beneath the surface channel intersections reported on July 30, 2026, and to target deeper mineralized targets.
Drill hole parameters will be disclosed in conjunction with assay results. Renforth had initially planned to drill three holes this program: two undercuts of known mineralization and a third hole targeting a data void within the deposit model. The two undercut holes were drilled deeper than planned, consuming both the budgeted meterage and the drill time allotted to the third hole.
The third hole has been deferred to Renforth's next drill program at Parbec. This update will include; a) Assay results from the recently completed undercut drill program when received b) Surface channel sample results including those already received and press released July 30th, 2026, and to be received from the additional 2026 channeling. c) All the available surface results generated by Renforth in several prospecting and channeling campaigns since 2015 will be incorporated into the resource model and, in conjunction with drill data and will be used to, where warranted, extend the modelled mineralization to surface.
The current MRE modelled mineralization is not consistently brought to surface within, or outside of, the open pit footprint. d) The internal review will incorporate a current gold price and updated operating cost assumptions in the NSR calculation, replacing the $2,100 gold price and historical cost assumptions used in the April 2025 MRE. The Company is undertaking this internal review of the Parbec deposit to inform future exploration targeting.
This internal review may incorporate updated commodity price and cost assumptions for sensitivity analysis purposes only. This internal review is not, and is not intended to constitute, a new mineral resource estimate or an update to the April 2025 NI 43-101 technical report. Any future mineral resource estimate will be disclosed in accordance with NI 43-101 and supported by an updated technical report.
2 ? the continuation of the surface stripping on the Parbec gold deposit within the open pit footprint in order to extend channel sampling and constrain channels 51 and 58 which, as press released July 30th, 2026, returned the following unconstrained intervals; Channel 51 ? 2.97g/t Au over 10.2m including silver sub-intervals of 2.48g/t Ag over 2m, 1.93g/t Ag over 1m and 4.42g/t Ag over 1.75m as detailed below Channel 58 ?
8.02g/t Au over 2.55m including 28.77g/t Au and 3.6g/t Ag over 0.6m Renforth is still awaiting the results for channels CHNL-PAR-26-59, CHNL-PAR-26-60 and CHNL-PAR-26-61, they will be released once received. The area outlined in blue requires additional stripping and washing. Channel sampling previously completed in this area required digging through loose soil and rubble to reach bedrock, which limited Renforth's ability to properly expose and map the bedrock surface and to cut channels.
Both CHNL-PAR-26-51 and CHNL-PAR-26-58 were terminated where further hand excavation was no longer practical. Once washing is completed, additional sampling can be undertaken to extend these channels to constrain results, additional channels will be cut where warranted by visual results. This press release does not include assay results from the recently completed drill program at Parbec.
Assay results will be released when received and reviewed by the Company's qualified person.
