Mont Royal Resources Limited announced the completion of its ground electromagnetic program at the Company's Tarku Project, located on the Upper Eastmain Greenstone Belt, Quebec, Canada. As per Mont Royal's ASX Announcement dated 6 April 2022, TMC Geophysics undertook the Ground TDEM survey at the Tarku Project with the aim of detecting presence of massive sulfides through electromagnetic (EM) geophysical techniques. This is a conventional exploration approach and is considered one of the priority techniques for the Company's exploration strategy in the area.

The Ground EM Survey program was successfully completed at the southern thrust zone on the western part of the Tarku Project, referred here as Target-2, representing the strong heli-borne EM anomaly approximately in the middle of the Tarku Project, where it is coincident with a gabbro intrusion. A series of four loops enabled resistivity/conductivity measurements along 40 x 1 km-long lines. The results show a series of 11 EM anomalies distributed along three km-long conductive horizons parallel to the regional geological trend.

Maxwell Thin Plate Modelling of the 8 strongest anomalies suggests a series of 18 plates starting at a depth of 25 meters and extending down to 300 metres below surface. There is no known surface indication about the nature of these conductors, however geology of the area suggests they could be ultramafic sills (magmatic Cu-NiPGE sulphides targets) or exhalative horizons (volcanogenic massive sulphides targets). The survey and initial data interpretation was carried out during the months of April and May 2022 with helicopter support from Panorama helicopter.

The crew was based at Camp 510 on the regional road leading to the Eastmain Mine, 70 km away from the survey area. Mont Royal plans to continue its interpretation with an aim of commencing a second phase exploration program during the Autumn/Fall of 2022, which will consist of drilling the STDEM targets season.