Firetail Resources Limited reported further assay results from the recently completed 5,000m diamond drilling program at the Skyline Copper Project (Skyline or the Project), located in Newfoundland, Canada. Firetail reported the results of re-sampling historic drill core, highlight one of the many growth opportunities identified at the Skyline Copper Project. By leveraging off existing drilling, Firetail has been able to expand and re-calculate known mineralized intercepts and discover new zones at a minimal cost.

The historic core sampling results are from targeted areas where sampling had previously ended in mineralization or aligned with projected mineralizing, with further re-sampling opportunities identified within the ?mineralized corridor?. As the Company continues to enhance its understanding of the mineralization and expand the scope of targeting, a gold-zinc-silver zone has been identified that had not been previously released to the market. This zone hosts minor amounts of copper sulphides and has been overlooked in most of the historic sampling programs. The stratigraphic sequence that hosts this new mineralized zone is supported by the formaon sequences of VMS deposits.

Firetail has developed a targeted sampling program to further evaluate this potential new mineralized horizon in parallel with its existing exploration activities. Importantly, results from the property-wide EM survey are due in the coming weeks with the Company's geophysical consultants currently interpreting the raw data, integration historic data and incorporating data collected from the current drilling campaign. Given the blind nature of VMS deposits in this district, the results of the EM survey in conjunction with the commencement of the upcoming DHEM program will be the major driving force for an aggressive property-wide exploration strategy leading into 2025.

Sampling of Previous Drill Core Through the process of Firetail undertaking re-logging of the drilling completed in 2022 by the York Harbour Metals, mineralized intercepts were identified, sampled and submitted for analysis. The results have increased the width of mineralization intersected and provided further insights into the endowment of the system and potential extents of the mineralization This historic core sampling campaign also yielded further mineralized intercepts within the mineralized corridor, occurring both in and outside the noted mineralized lodes. This further increases the potential scale of the mineralized system and reinforces the significant opportunity which Firetail is uncovering at the Skyline Project.

Further results from historical core sampling include: 14.4m @ 2.1 % CuEq from 109.1m (previously 5.3m @ 2.8% CuEq from 113.7m) (Y H2 2-078). Including 2.4m @ 4.5% CuEq from 109.1m o And 3.5m @ 3.3% CuEq from 115.5m. 27.5m @ 2.0% CuEq from 185.3m (previously 8.80m @ 3.3% CuEq from 190.2m) (Y H2 2-078).

Includes 13.7m @ 3.0% CuEq from 185.3m. 22.0m @ 1.3% CuEq from 169.0m (previously 20.5m @ 1.3% CuEq from 170.5m) (Y H2 2-71). Including 4.7m @ 3.0% CuEq from 180.0m · 13.3m @ 1.0% CuEq from 237.0m (previously 9.8m @ 1.2% CuEq from 240.5m) (Y H2 2-71).