Stelmine Canada announced the discovery of a highly mineralized sulfide zone located 3 and 5 km from the T-Rex and Meridian zones, respectively. The new zone has essentially identical geological and geophysical characteristics to those of the Meridian Zone; indicating significant gold potential. Note that drilling carried out on the Meridian Zone returned up to 2.62 g/t Au over 17.8m, including 4.87 g/t Au over 5.6m (P.R. of May 11, 2023).

Mercator (100% STH) is located in the northeastern part of Quebec, approximately 160km west of Fermont. The mapping and sampling program currently underway on the Mercator project has led to the discovery of a new mineralized zone (visual), lying approximately 2km beyond the limits of the recently completed IP survey in this area (P.R. of August 8, 2023). This new discovery now allows following the horizons of interest over more than 8km, i.e., from the Meridian Zone to the T-Rex Zone (P.R. of September 8, 2023) up to the new zone.

Grab and channel samples have been sent to the assay lab and results are pending. Similarities between the new zone and the Meridian Zone include: The new stripped areas, generally oriented E-W, show mineralization with a minimum lateral continuity of 600m. The structural elements observed, as well as the magnetic patterns, suggest the presence of a foldhing in this sector; Abundant sulfide mineralization consisting predominantly of pyrrhotite, with subordinate arsenopyrite-lollingite and traces of chalcopyrite; A positive magnetic anomaly generated by pyrrhotite +- magnetite, associated with gold mineralization; A highly metamorphosed lithological assemblage including metasediments with altered and metamorphosed mafic intrrusions, as well as tonalitic intrusive rocks; Siliceous zones that may correspond to metamorphosed cherts and/or alteration zones, locally associated with gold mineralization.

Simplified geological map showing chargeability values at 25m depth generated by the 2023 IP survey, including the magnetic anomalies (iron-rich unit) of the Meridian and T-Rex zones. The recent discovery is located approximately 3km NE of the T-Rex Zone. Note the association between zones of high chargeability and magnetic anomalies that coincide with the main host rock of the gold mineralization.