McFarlane Lake Mining Limited provided an update on the recent exploration drilling progress made at the Company's High Lake property in Ontario, near the Ontario-Manitoba Border, 40 kilometers west of Kenora, Ontario. At High Lake Drilling in hole MLHL-23-50 and hole MLHL-24-53 have both intersected gold extending the gold mineralization from its NI-43-101 compliant gold resource area known as the Purdex Zone. High grade gold intersections from drilling last year, such as drill hole MLHL 22-06 which intersected 24.96 grams per tonne of gold over 14.9 meters and drill hole MLHL 22-17 which intersected 148.27 gram per tonne over 1.3 meters helped generate a very high compliant gold resource grade.

This year drilling in hole MLHL-23-50 intersected 13.96 grams per tonne of gold over 1.17 meters while hole MLHL-24-53 intersected 4.04 grams per tonne of gold over 2.25 meters. Hole MLHL-23-50 has extended the gold mineralization to the east of the Purdex zone while hole MLHL-25-53 has extended the gold mineralization at depth. Within this winter's drilling program, McFarlane has also started to explore parts of the western area of the High Lake property.

Specifically, McFarlane explored historical prospective areas of the R zone, B zone, A zone, A-D extension and the Porphyry Zones. Assays are still pending on this part of the program. Specific to the Porphyry Zone, historical exploration has indicated a presence of both gold and copper in mineralized samples assayed.

Results from the remaining holes of the drill program will be released when they are available. The current program at the Purdex Zone at High Lake is a follow up to the filing of an NI 43-101 compliant Mineral Resource Estimate in July 2023 that identified 96,200 Inferred ounces and 45,800 Indicated ounces of gold at a grade of 10.43 grams per tonne of gold and 9.38 grams per tonne of gold, respectively.