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Chris Blasi, president of Neptune Global, believes gold still has much more room to run.

‘Some people think gold has reached its peak because it’s breached US$3,000 (per ounce), but I don’t think we’re even close,’ he said. ‘The third leg is when it delivers the greatest returns.’

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

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As global automakers brace for fallout from China’s tightening grip on rare earths exports, Hyundai Motor (KRX:005380,OTC Pink:HYMTF) appears to have quietly positioned itself ahead of the curve.

According to Reuters, a source familiar with the matter said on a recent investor call that the auto giant has stockpiled enough rare earth materials to maintain uninterrupted electric and hybrid vehicle production for about a year. The strategic stockpile should buy Hyundai critical time as supply chains buckle under mounting geopolitical tension.

China’s April decision to restrict exports of seven rare earths — a move requiring producers to obtain government licenses — has sent shockwaves through the auto, aerospace and semiconductor industries, particularly in the west.

But Hyundai, the world’s third largest automaker alongside affiliate Kia (KRX:000270), reportedly boosted its reserves during a brief window of relaxed Chinese controls, as per the source quoted by Reuters.

The Hyundai investor relations official reportedly told call participants that the company has “far more wiggle room” than rivals, citing successful procurement diversification and proactive inventory buildup.

Hyundai declined to confirm on inventory specifics in a public statement, but told Reuters, “We continuously evaluate market conditions to ensure operational stability and maintain a diversified global supply chain.”

Hyundai’s preparedness stands in contrast to the scramble now engulfing US and European manufacturers. Several major European suppliers have already reported production disruptions linked to delayed rare earths deliveries.

“We’re gradually coming into a very, very critical moment whereby those stocks are now being exhausted,” said Jonathan O’Riordan, international trade director at the European Automobile Manufacturers’ Association, in a Monday (June 9) interview with CNBC. “We are potentially going to see production stoppages.”

The rare earths crunch has become a central issue in US-China trade negotiations, which resumed on Monday in London and were set to continue Tuesday (June 10) morning, with Washington pushing for firmer guarantees.

Delegations led by Chinese Vice Premier He Lifeng and US officials — including Secretary of Commerce Howard Lutnick, Secretary of the Treasury Scott Bessent and Trade Representative Jamieson Greer — convened at Lancaster House in a bid to stabilize relations that have deteriorated beyond tariffs into critical minerals and tech controls.

The talks follow a May 12 truce that paused most of the 100-percent-plus tariffs both countries had imposed. However, since then, the US has accused China of “slow-walking” commitments, particularly regarding rare earths shipments.

US President Donald Trump, who last week spoke directly with Chinese President Xi Jinping, appeared optimistic on Monday, telling reporters at the White House, “We’re doing well with China. China’s not easy.”

He added, “We’re going to see,” when asked about lifting rare earths restrictions.

Kevin Hassett, Trump’s economic advisor, said the US is seeking a “handshake” agreement on resumed rare earths shipments, signaling that the mineral supply chain has now taken center stage in the global trade war.

For its part, China over the weekend appeared to open a narrow diplomatic path, announcing a “green channel” to fast track rare earths export licenses to select European Union firms. The country’s Ministry of Commerce also confirmed that it has quietly granted licenses to Chinese suppliers servicing major US automakers.

It remains unclear whether Hyundai’s buffer includes inventory held by its suppliers, or how the company may choose to ration usage in the event of further disruptions. Nonetheless, the South Korean firm’s ability to maintain stable production offers temporary reassurance for a jittery global auto market.

As trade talks continue in London, the question isn’t whether China will remain central to rare earths — it’s whether any other nations can afford to remain dependent.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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E-Power Resources Inc. (CSE: EPR) (FSE: 8RO) (‘E-Power’ or the ‘Company’) is pleased to announce the start of the 2025 exploration program on the Tetepisca Flake Graphite Property located approximately 220 kilometres north of the Port of Baie Comeau in the North Shore Region of Quebec.

Phase 1 of the 2025 exploration program will focus on Graphi-Centre, the highest priority target area on the Tetepisca Property and on the northern claims where prospecting and sampling during the 2024 exploration program resulted in several high grade graphite discoveries.

  • Geological mapping and sampling at Graphi-Centre (see Map 1) is aimed at evaluating and delineating the distribution of potentially favourable styles of mineralization indicated by previous sampling and indicated by contrasting magnetic and resistivity responses.
  • Geophysical prospecting, geological mapping, and outcrop sampling is planned on the northern claims to follow-up on high grade discoveries made in 2024 (see Map 2) with the goal of determining dimensions and orientations of potential flake graphite zones.
  • A total of approximately 1 tonne of flake graphite mineralization will be collected in 4 samples (each approximately 250 kg). Three samples will be collected from the Graphi-Centre target and 1 from the northern claims. The samples will be submitted to SGS Canada Ltd., Lakefield, ON for metallurgical testwork.

James Cross, President and CEO of E-Power commented: ‘We are pleased to be starting our 2025 exploration program to continue evaluation of our large land position in the Tetepisca Graphite District. The discoveries made on the northern claim group during 2024 expand the scope of our evaluation of the property for high grade, high quality, and from-surface, flake graphite deposits. The results of metallurgical test work on samples collected in 2024 from advanced targets in the southern claims are pending and expected soon. We look forward to compiling those results, planning and executing our Phase 2 2025 Program.’

For more context on this news, and an opportunity to ask questions directly to CEO James Cross, please join for a webinar Thursday, June 12 at 11:30amET/8:30amPT. Register here: https://6ix.com/event/e-power-starts-the-2025-exploration-campaign-at-tetepisca

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Map 1. Graphi-Centre 2023 drilling and historical sampling results

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Map 2. Tetepisca northern claims 2024 sampling results and interpreted target areas

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About the Tetepisca Property

The Tetepisca Property is located approximately 220 km north of the town of Baie-Comeau in the North Shore Region of Québec. The property consists of 230 claims covering an area of approximately 12,620 hectares within the emerging Tetepisca Graphite District (‘TGD’). The property is 100% owned by E-Power. Fifty-two claims, located in the southern part of the property, are subject to a 1.5% NSR held by a group of local prospectors; otherwise the Tetepisca property remains unencumbered. The TGD is an active graphite exploration and development district with delineated measured and indicated resources in excess of 120 Mt at an average grade of approximately 14% Cg. The Company’s Tetepisca property is strategically located over continuous bedrock conductive horizons that are known and interpreted to be due to graphite and which hold significant potential to host flake graphite resources. The intersection of graphite in our 2023 drilling and the results of our 2024 exploration program to date confirms the Company’s exploration model and provides the basis for continued exploration and evaluation.

Qualified Person

Jamie Lavigne, P. Geo, Vice President Exploration and Director for E-Power is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.

About E-Power

E-Power Resources Inc. is a Québec Corporation based in Montréal and focused on battery minerals exploration in Québec. The Company is currently advancing two projects; the Tetepisca property, located in the North Shore region of the Province and the Turgeon property located in the Abitibi region adjacent to the Ontario border. The Company’s priority target is flake graphite on the Tetepsica Property. The Turgeon property is located in the prolific Abitibi gold and base metal mining district and the Company is evaluating Turgeon primarily for its copper-zinc and gold potential.

For more information about E-Power Resources Inc. please visit the Company website at: e-powerresources.com

Notice Regarding Forward-Looking Statements:

This news release contains ‘forward-looking statements’. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate.

For information contact: James Cross, CEO, Tel: (438) 701-3736, info@e-powerresources.com

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1911 Gold Corporation (‘ 1911 Gold ‘ or the ‘ Company ‘) (TSXV: AUMB) (OTCBB: AUMBF) (FRA: 2KY) is pleased to announce the assay results from twelve (12) drill holes for 3,208.0 metres (‘m’) from the ongoing surface drill program at the True North Gold Project. The True North project, including a permitted mill, camp, and tailings facility, is centrally located within the Company’s 100%-owned Rice Lake Gold property in southeast Manitoba, Canada .

Highlights:

  • Drilling has continued to expand the near-surface quartz vein hosted gold (‘Au’) mineralization on the new San Antonio West (‘SAM West’) target along strike and to depth

San Antonio West Target

  • Drill results confirmed the western and down dip extensions of gold mineralization within the prolific San Antonio mafic unit up to 350   m down dip and 500 m along strike, including:
    • TN-25-057: Intersected 58.66 grams per tonne (g/t) Gold (Au) over 1.40 m at a downhole depth of 145.00 m , including 63.20 g/t Au over 0.90 m and 50.50 g/t Au over 0.50 m
    • TN-25-056: Intersected 9.59 g/t Au over 2.30 m at a downhole depth of 103.10 m , including 11.25 g/t Au over 1.80 m , including 21.30 g/t Au over 0.50 m
    • TN-25-058: Intersected 10.40 g/t Au over 1.00 m at a downhole depth of 249.30 m

‘These are some of the best results we’ve seen to date from the San Antonio West target.’, Shaun Heinrichs , CEO and President, stated, ‘The drilling confirms the potential definition of high-grade ore shoots within the SAM West target zone, and further supports our geological model. These results build the case for continued underground exploration, where we see significant potential to define and expand new and existing mineral resources within the mine infrastructure.’

Figure 1: True North: Geology and SAM West and Gate Drill Hole Location Map (CNW Group/1911 Gold Corporation)

1911 Gold has completed fifty-one (51) surface drill holes, for a total of 11,695.4 m on the current drill program, which commenced in October 2024 on new exploration targets located within the True North Gold mine footprint. The results of seven (7) new drill holes for 1,928.0 m from the San Antonio West target and five (5) initial drill holes for a total of 1,280.00 m from the Gate target are included in this release. New targets have been generated and drill tested within prospective host rocks and mineralized structural settings, including significant historical drill results. The results from nine (9) additional exploration drill holes are currently pending. Additional drill planning is underway on the San Antonio West and San Antonio Southeast targets and will commence when access to the Mine site is permitted (see press release entitled ‘1911 Gold Temporarily Suspends Operation at True North Complex due to Bissett Evacuation Order’, dated May 30, 2025 ). The exploration drilling plan includes up to 30,000 m of drilling by the end of 2025.

S   an Antonio West Target: Discussion of Results
Drilling completed to date has confirmed the extensions of gold mineralization within the SAM gabbro to over 600 m west of the historically mined San Antonio zone, covering an area 500 m long and over 260 m to depth, dipping 50º to the northeast. Twenty-one (21) drill holes for a total of 4,220.0 m have been completed to date on the SAM West target area.

Figure 2: BB

The latest drill holes, comprised of seven (7) new drill holes for 1,928.0 m , extended the footprint of mineralization 100 m down dip from the results announced on April 30, 2025 (see press release entitled ‘1911 Gold Intersects 62.40 g/t Au over 1.00 m on San Antonio West at True North’) .

Drill hole TN-25-056, designed to undercut high grade gold mineralization intersected in drill hole TN-25-037 ( 1.00 m @ 8.73 g/t Au, 1.00 m @ 62.40 g/t Au and 0.70 m @ 6.09 g/t Au and 4.50 m @ 4.17 g/t Au), intersected 2.30 m @ 9.59 g/t Au, including 1.80 m @ 11.25 g/t Au and 0.50 m @ 21.30 g/t Au. Drilling successfully extended the gold mineralization approximately 50 m down dip and returned high-grade gold results.

Drill hole TN-25-057 ( 1.40 m @ 58.66 g/t Au) tested the down-dip extensions of the high-grade gold intercepts of previously released holes TN-24-043 ( 1.00 m @ 12.50 g/t Au) and TN-24-045 ( 3.70 m @ 6.84 g/t Au, including 1.40 m @ 12.40 g/t Au and 2.70 m @ 5.30 g/t Au, including 0.50 m @ 11.30 g/t Au). Drilling successfully intercepted high-grade gold mineralization approximately 160 m down dip.

Drill hole TN-25-058 ( 0.50 m @ 10.40 g/t Au) designed to test the 160 m down-dip extension of the gold mineralization from hole TN-25-056, intersected three distinct gold mineralized veins extending the multiple vein structures to 340 m depth.

Table 1: Select Significant Drill Hole Assay Results

Target Area

(name)

Drill Hole

(number)

From

(m)

To

(m)

Interval

(m)

Au

(g/t)

SAM West

TN-25-039

10.00

10.50

0.50

2.95

64.40

65.30

0.90

2.86

SAM West

TN-25-041

21.30

22.20

0.90

2.59

SAM West

TN-25-056

103.10

105.40

2.30

9.59

Including

103.10

104.90

1.80

11.25

Including

103.10

103.60

0.50

21.30

SAM West

TN-25-057

145.00

146.40

1.40

58.66

Including

145.00

145.90

0.90

63.20

and

145.90

146.40

0.50

50.50

SAM West

TN-25-058

201.90

203.40

1.50

2.84

237.60

238.10

0.50

3.62

249.30

249.80

0.50

10.40

275.90

276.40

0.50

3.65

SAM West

TN-25-060

237.20

237.80

0.60

3.97

241.20

242.00

0.80

3.44

1)

Intercepts above a cut-off grade of 2.25 g/t Au

2)

Maximum of 2.50 m internal dilution and no top capping applied

3)

Intervals represent drill core length and are considered to represent 60% to 90% of true widths

4)

Full Significant Assay Results included in Table 2

5)

Drill hole Information included in Table 3

Drilling has further confirmed the existence of up to three (3) vein zones hosted within the target gabbro unit, supporting the potential to mine multiple zones on levels as conducted historically (see press release entitled ‘1911 Gold Intersects 62.40 g/t Au over 1.00 m on San Antonio West at True North’, dated April 30, 2025 ). Planning for the next phase of drilling on the SAM West target is ongoing.

San Antonio West Target

The San Antonio West target is located west of the historically mined San Antonio zone of the True North Gold Mine. The San Antonio West target occurs within the gabbro of the San Antonio mafic unit and the intersection with the Cartwright South mineralized shear zone. The SAM gabbro hosts the majority of the known gold mineralization within the True North Mine and historically produced 1,309,351 ounces Au at an average grade of 9.33 g/t Au from San Antonio (see technical report entitled ‘NI 43-101 Technical Report on the True North Gold Project, Bissett, Manitoba, Canada , dated December 23 . 2024). Drilling has now confirmed gold mineralization in quartz-carbonate shear veins with sericite, chlorite, minor tourmaline alteration and up to 2% disseminated and veinlet-hosted pyrite. The target occurs as a vein system parallel to the San Antonio Mine ore body, with the same geological, alteration and mineralization characteristics. Gold mineralization has been traced over a strike length of 500 m and to 360 m down dip.

Figure 3: AA

Figure 4: Expanded Long Section (AA

Figure 5: Isometric view of SAM West target area with high-grade gold intercepts (Looking NW) (CNW Group/1911 Gold Corporation)

Gate   Target

The Gate target was defined to explore for potential gold mineralization on the intersection of the Cartwright South and L13 shear zones with the Shoreline Basalt unit. Five (5) drill holes, totalling 1,280.00 m (see Table 3), were completed on this target. All drill holes intercepted well-developed quartz veining hosted within sediments, with drill hole TN-25-044 intersecting 0.90 m @ 1.30 g/t Au and drill hole TN-25-049 intersecting 0.90 m @ 0.57 g/t Au. Drilling did not intersect wide sections of basalt, which host the majority of mineralization in this unit at True North. Additional interpretation is ongoing to define the basalt flows within the Shoreline Basalt unit, which in this area appear to occur as discontinuous lenses intercalated within sediments. Interpretation, modelling and drill targeting are ongoing to define potential extensions of the basalt unit hosting gold mineralization.

Site Access Update

Recent rainfall, favourable winds, and cooler temperatures have eased wildfire conditions in the region; however, the Town of Bissett and the Company’s True North site remain under evacuation as a precautionary measure. Fire crews continue to make progress in the area. Company facilities have not been impacted, and the Company expects to resume site activities once it is deemed safe to do so.

Next Steps

Building on the strong results achieved to date on new exploration targets and the compelling targets to expand the current resource, 1911 Gold is advancing plans to initiate underground exploration drilling. Once site access is re-established, the Company will continue preparing multiple underground levels to facilitate this next phase of work. Targeting is well underway, focusing on high-priority areas that offer meaningful resource expansion potential and support the mine plan currently under development. Mobilization of drill rigs to key underground levels is expected later this summer. Concurrently, the Company is actively evaluating additional targets across the property and advancing the redevelopment of the high-grade, near-surface Ogama-Rockland 43-101 mineral resource, located 25 km by road east of the True North complex.

Table 2: True North; Select Drill Hole Assays

Target Area

(name)

Drill Hole

(number)

From

(m)

To

(m)

Interval

(m)

Au*

(g/t)

SAM West

TN-25-039

10.00

10.50

0.50

2.95

18.00

20.60

2.60

0.93

48.00

49.00

1.00

1.11

64.40

65.30

0.90

2.86

SAM West

TN-25-041

9.00

10.00

1.00

0.87

20.50

21.30

0.80

0.87

21.30

22.20

0.90

2.59

22.20

22.80

0.60

0.76

28.40

29.30

0.90

2.07

Gate

TN-25-044

10.10

11.00

0.90

1.30

Gate

TN-25-046

No Significant Values

Gate

TN-25-047

No Significant Values

Gate

TN-25-049

89.90

90.80

0.90

0.57

Gate

TN-25-050

No Significant Values

SAM West

TN-25-056

100.70

102.30

1.60

1.42

103.10

105.40

2.30

9.59

Including

103.10

104.90

1.80

11.25

Including

103.10

103.60

0.50

21.30

106.80

112.40

5.60

1.09

SAM West

TN-25-057

136.60

140.80

4.20

0.63

145.00

146.40

1.40

58.66

Including

145.00

145.90

0.90

63.20

and

145.90

146.40

0.50

50.50

147.20

151.00

3.80

0.60

187.30

187.80

0.50

0.95

201.60

203.40

1.80

1.06

210.50

211.50

1.00

0.93

217.50

218.00

0.50

1.93

303.40

304.10

0.70

1.08

SAM West

TN-25-058

97.10

97.80

0.70

1.46

100.00

101.70

1.70

1.22

115.70

116.20

0.50

1.01

118.20

119.20

1.00

0.93

198.00

199.40

1.40

0.79

201.90

203.40

1.50

2.84

214.90

215.60

0.70

2.06

237.60

238.10

0.50

3.62

247.30

248.30

1.00

1.06

249.30

249.80

0.50

10.40

275.90

276.40

0.50

3.65

SAM West

TN-25-059

339.70

340.80

1.10

2.07

SAM West

TN-25-060

215.20

216.30

1.10

1.87

237.20

237.80

0.60

3.97

240.20

241.20

1.00

1.13

241.20

242.00

0.80

3.44

252.30

254.50

2.20

0.57

290.20

290.90

0.70

0.63

313.30

314.80

1.50

1.12

*Composites above 0.5 g/t Au and metal factor above 0.5 Au ‘gxm’

Table 3: True North; Drill Hole Details

Drill Hole (Number)

`Target

(Name)

Northing*
(m)

Easting*   (m)

Elevation
(masl)

Azimuth (°)

Inclination (°)

Depth (m)

TN-25-039

SAM West

5655810

311885

251

197

-70

131

TN-25-041

SAM West

5655810

311885

251

230

-45

110

TN-25-044

Gate

5655940

312204

257

129

-56

176

TN-25-046

Gate

5655940

312204

257

106

-48

269

TN-25-047

Gate

5655940

312204

257

74

-59

372

TN-25-049

Gate

5655800

312446

250

89

-45

194

TN-25-050

Gate

5655800

312446

250

71

-52

269

TN-25-056

SAM West

5655890

311918

259

350

-71

302

TN-25-057

SAM West

5655890

311918

259

327

-57

320

TN-25-058

SAM West

5655895

311924

251

56

-72

299

TN-25-059

SAM West

5655933

311986

248

348

-73

377

TN-25-060

SAM West

5655935

311991

256

327

-65

389

*Coordinates are provided in UTM NAD83 Zone 15

Qualified Person Statement

The scientific and technical information in this news release has been reviewed and approved by Mr. Michele Della Libera , P.Geo, Vice-President Exploration of 1911 Gold Corporation, who is a ‘Qualified Person’ as defined under NI 43-101.

Quality Assurance/Quality Controls (QA/QC)

Core samples are collected by sawing the drill core in half along the axis, with one-half sampled, placed in plastic sample bags, labelled, sealed and the other half retained for future reference. Batches are shipped to Activation Laboratories Ltd. (Actlabs), in Thunder Bay, Ontario for sample preparation and analysis. Samples are dried, crushed to 2mm and a 1 kg split is pulverized to -200 mesh. Gold analysis is completed by fire-assay with an atomic absorption finish on 50 grams of prepared pulp. Samples returning values equal or greater to 10.00 g/t are reanalysed by fire assay with a gravimetric finish. Total gold analysis (Screen Metallic Sieve) is conducted on highly mineralized samples or the presence of visible gold. Certified gold reference material samples are inserted every 20 samples and blank samples at intervals of one in every 50 samples, with additional blanks inserted after samples hosting visible gold. Repeat third-party gold analyses for 5% of all submitted sample pulps are analyzed at ALS-Chemex Laboratory, North Vancouver, Canada .

About 1911 Gold Corporation

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totaling more than 61,647 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba , and also owns the True North mine and mill complex at Bissett, Manitoba . 1911 Gold believes its land package is a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario , and intends to focus on organic growth and accretive acquisition opportunities in North America .

1911 Gold’s True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’ or ‘does not expect’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’, or describes a ‘goal’, or variation of such words and phrases or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved.

All forward-looking statements reflect the Company’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company’s forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Company to close the Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the Qualifying Expenditures to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

1911 Gold - Logo (CNW Group/1911 Gold Corporation)

SOURCE 1911 Gold Corporation

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Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; ‘ BRW ‘ or the ‘ Company ‘) is pleased to report a further six drill results from the Winter 2025 program at its Mirage Project. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec, approximately 40 kilometres south of the Trans-Taïga Road. This press release focuses primarily on drilling completed north and east of the MR-6 dyke and, in the neighboring, ‘Stacked Dyke’ area, where BRW continues to intersect dozens of well-mineralized spodumene-bearing pegmatites.

Highlights include:

  • A newly discovered dyke located approximately 250 metres northeast of MR-6, which returned 29.25 metres at 1.19% Li    O in hole MR-25-115 and it remains open in all directions.
  • The ‘Stacked Dyke’ area has been extended 150 m to the northeast, with hole MR-25-106 intercepting 1.01% Li    O over 17.4 metres . The area continues to show significant potential and widespread mineralization over the entire length of the drill holes.

Mr. Killian Charles, President and CEO of BRW, commented: ‘Every drill campaign has underscored the potential of the Mirage project. As we begin to step out from the core area of interest, we continue to intersect new, significant, well-mineralized pegmatites, all located near surface and this release is no different. We have again extended both the footprint of the Stacked Dyke area and found new sub-parallel mineralization adjacent to MR-6. We believe the forthcoming resource estimate, expected in late 2025, will position Mirage as one of the most important lithium projects in the province of Quebec.

Looking further ahead, we expect to have news related to our Greenlandic summer program shortly and look forward to the start of drilling at our Anatacau project in late Q3.’

Mirage Project Drilling Overview

The Mirage Project comprises 427 claims located roughly 40 kilometers south of the Trans-Taiga Highway in Quebec’s James Bay region and 34 kilometers northeast of Winsome Resources’ Adina Project.

The drilling campaign focused on extending the mineralized Stacked Dyke area to the northeast. Highlights discussed in this release are shown in Table 1 and Figure 1. Collars are shown in Table 2.

Figure 1 : Central Zone of the Mirage Project

Figure 1: Central Zone of the Mirage Project

Drill hole MR-25-115 led to the discovery of a new spodumene-bearing pegmatite dyke, grading 1.19% Li₂O over 29.25 metres from 92.6 metres to 121.85 metres. This new dyke is interpreted as being subparallel to the MR-6 dyke, with an orientation of N140/30, and it highlights the potential for pegmatites to occur in close proximity to each other. The new dyke remains open in all directions.

Figure 2: Section A-A’

Figure 2: Section A-A

Drill holes MR-25-105, MR-25-106, and MR-25-108 extended the ‘Stacked Dyke’ zone by 150 metres to the northeast, with a total of 32 mineralized dykes intersected across all three holes. The most significant pegmatite in these new holes returned a grade of 1.01% Li₂O over 17.4 metres, from a downhole depth of 45.5 metres to 62.9 metres. Oriented drilling in this area confirms an average dyke orientation of N70/70 similar to those identified in the South Zone, unlike the two main dykes of the Central Zone, MR-3 and MR-6.

Drill hole MR-25-104, located approximately 1 km northeast of MR-6, targeted a highly prospective geological setting analogous to MR-4 and returned anomalous lithium values up to 502 ppm Li in sedimentary units and 902 ppm Li in basalts, over a drill hole length of 222 metres. A small dyke, measuring approximately 2-metres wide, with spodumene pseudomorphs was intercepted; however, the length and strength of the lithium anomaly observed in the host rocks are considerably higher than the dyke. This new drill hole potentially extends the lithium footprint of the Orion Lake sector, where most of the drilling has occurred to date, to a length of over 3km. At this time, the lithium anomaly remains unexplained and will be the focus of a future drill campaign.

Table 1 : 2025 Drilling Program Mentioned in this Release

Hole ID From (m) To (m) Length Li2O (%) Ta2O5 (ppm)
MR-25-105 36.7 38.4 1.7 1.40 287
43.1 44.3 1.2 1.52 145
77.5 90 12.5 1.44 254
154.75 156.15 1.4 2.19 253
161.6 162.6 1 1.07 206
203.25 206 2.75 0.85 239
228.8 231.25 2.45 0.93 239
236.25 238.3 2.05 1.46 221
241.95 247.65 5.7 0.73 225
251.8 253.7 1.9 0.95 176
261.15 269.4 8.25 0.85 129
273.7 282.7 9 0.98 204
287.35 288.5 1.15 1.22 239
325.1 326.25 1.15 1.25 107
MR-25-106 45.5 62.9 17.4 1.01 166
123.05 124.8 1.75 0.48 154
128.2 134.15 5.95 1.32 312
141.8 147.6 5.8 1.30 227
157.7 162.3 4.6 1.28 233
236.85 241.2 4.35 2.01 197
256.3 257.55 1.25 0.76 157
283.45 284.65 1.2 1.14 232
MR-25-107 23.8 28.8 5 1.44 202
MR-25-108 26.8 31.9 5.1 0.97 169
82.75 84.9 2.15 1.04 208
96 98.4 2.4 1.15 162
104.4 106.85 2.45 0.73 178
118.7 120.6 1.9 0.98 192
128.75 131.75 3 0.91 201
135.8 138 2.2 1.64 214
163.1 170.2 7.1 1.22 199
253 255.2 2.2 1.64 352
MR-25-111 61.8 64.05 2.25 1.09 172
MR-25-115 92.6 121.85 29.25 1.19 179

Table 2 : 2025 Drilling Collars Mentioned in this Release

Hole ID Azimut Dip Length (m) UTM NAD83 z18
East
UTM NAD83 z18
North
MR-25-104 320 -45 222 684000 5941869
MR-25-105 335 -52 381 683523 5941310
MR-25-106 330 -45 294 683635 5941356
MR-25-107 160 85 279 682753 5941463
MR-25-108 320 45 285 683575 5941439
MR-25-111 320 -55 348 683467 5941530
MR-25-115 360 -50 399 683229 5941536

QAQC

All drill core samples were collected under the supervision of BRW employees and contractors. The drill core was transported by helicopter and by truck from the drill platform to the core logging facility in Val-d’Or. Each core was then logged, photographed, tagged, and split by diamond saw before being sampled. All pegmatite intervals were sampled at approximately 1-meter intervals to ensure representativity. Samples were bagged; duplicated on reject, blanks and certified reference materials for lithium were inserted every 20 samples. Groups of samples were placed in larger bags, sealed with numbered tags, in order to maintain a chain of custody. The sample bags were transported from the BRW contractor facility to the AGAT laboratory in Val-d’Or. All sample preparation and analytical work was performed by AGAT by sodium peroxide fusion with ICP-OES and ICP-MS finish. All results passed the QA/QC screening at the lab and all inserted standard and blanks returned results that were within acceptable limits. All reported drill intersections are calculated based on a lower cutoff grade of 0.3% Li2O, with maximum internal dilution of 5 meters. Host basalts adjacent to the dykes may grade up to 0.3% Li2O but were excluded from the reported intersections.

Qualified Person

The scientific and technical information contained in this press release has been reviewed and approved by Mr. Simon T. Hébert, VP Development. He is a Professional Geologist registered in Quebec and is a Qualified Person as defined by National Instrument 43-101.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing the most extensive grassroots lithium property portfolio in Canada and Greenland.

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/cb41f1b3-9200-4c6a-9819-235efed0965a  
  https://www.globenewswire.com/NewsRoom/AttachmentNg/7d87780b-9239-4952-949e-93c273f4b8f5

Investor Relations/information Mr. Killian Charles, President and CEO (info@brwexplo.ca)

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Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the ‘Company’) is pleased to announce the remaining assay results from its late 2024 diamond drilling program at its 100% owned, 35,705 hectare Moore Uranium Project, which totaled 2,759 metres in nine holes. The project is located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure for Cameco’s Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. A highlight from this program was from hole ML24-15, which intersected 6.4 metres of 1.50% U 3 O 8 from a relatively shallow downhole depth of 275.0 metres to 281.4 metres, including 4.74% U 3 O 8 over 1.5 metres. Hole ML24-15 was drilled well outside the known footprint of the high-grade Maverick East Zone, extending its high-grade core approximately 42 metres to the northeast representing one of the most consequential expansion drill holes at the Project. Skyharbour plans to continue advancing Moore through additional drilling this summer, alongside the fully-funded multi-phased drill programs at the Company’s adjacent Russell Lake Uranium Project.

Moore Uranium Project Claims Map:
https://skyharbourltd.com/_resources/images/Sky_MooreLake.jpg?v=1

Jordan Trimble, President and CEO of Skyharbour Resources, stated: ‘Drill hole ML24-15 represents a significant development at the Moore Project as it extends the high-grade Maverick East Zone over 40 metres to the northeast. The drill result demonstrates the high-grade, shallow nature of uranium mineralization and opens up the area to additional drilling and potential resource expansion. We are preparing for another phase of low-cost drilling this summer at Moore to further delineate the numerous high-grade zones of uranium on the Maverick Corridor, and we also plan to test prospective regional targets that have had limited drill-testing historically. Furthermore, our ongoing drilling is progressing very well at our co-flagship and adjacent Russell Lake project with additional news forthcoming from both projects.’

Highlights:

  • Hole ML24-15 intersected 6.4 metres of 1.50% U 3 O 8 from a relatively shallow downhole depth of 275.0 metres to 281.4 metres, including 4.74% U 3 O 8 over 1.5 metres.
  • Notably, the hole was drilled well outside the known footprint of the Maverick East Zone, extending its high-grade core approximately 42 metres to the northeast. This illustrates the strong expansion potential at the high-grade zones.
  • Preparation is underway for a fully-funded 4,500 – 5,000 metre summer drill program at Moore focused at Main Maverick and Maverick East Zones as well as high-priority regional targets.
  • Ongoing first phase of drilling consisting of a minimum of 5,000 metres at the Russell Lake Project, focusing on the newly discovered Fork Zone, which has high-grade uranium mineralization hosted at the unconformity, as well as testing other newly identified high-priority targets at the Fox Lake Trail and Sphinx targets.
  • In total, the company is planning to drill between 16,000 – 18,000 metres across the Russell and Moore projects this year and is fully funded and permitted to do so.

Summary of 2024 Drilling Campaign at Moore:

The phase of drilling on the Moore Project later in 2024 totalled 2,759 metres in nine holes. Of the nine holes, four holes (ML24-10 to -12 and ML24-18) focused on the Main Maverick Zone and five holes (ML24-13 to -17) on the Maverick East Zone. The primary objective of the summer program was to extend and expand the boundaries of the Main Maverick and Maverick East Zones with all but one hole successfully intersecting uranium mineralization. Drill hole ML24-15 which intersected 6.4 m of 1.50% U 3 O 8 successfully expands the Maverick East zone over 40 metres along strike to the northeast with more drilling warranted in the area.

Moore Uranium Project Regional Grid Targets Map:
http://skyharbourltd.com/_resources/maps/Moore-Lake-Property-Wide.jpg

Four exploration holes totalling 1,195 metres were drilled in and around the Main Maverick Zone to expand the shallow high-grade mineralized zone. All of these holes were drilled vertically and intersected significant uranium mineralization at the unconformity, centred around 265 metres to 275 metres downhole depth. The majority of the high-grade uranium mineralization at the Main Maverick Zone is sandstone-hosted, situated at or just above the unconformity. Hole ML24-11 intersected 0.76% U 3 O 8 over 1.0 m starting at 268.0 m depth, including 1.09% U 3 O 8 over 0.5 m, and 0.40% U 3 O 8 over 0.5 m at 285.0 m. Hole ML24-12 intersected 0.21% U 3 O 8 over 1.0 m starting at 268.0 m depth. Hole ML24-18 intersected 0.10% U 3 O 8 over 5.5 m starting at 271.0 m.

Main Maverick Zone Drilling Map:
https://www.skyharbourltd.com/_resources/news/Maverick_Main_2024.jpg

An additional five exploration holes, totalling 1,564 metres, were drilled in and around the Maverick East Zone to connect mineralization with Main Maverick and to expand mineralization east along strike. Four of these holes were drilled vertically, and one oriented hole was drilled to obtain structural measurements. Much like at Main Maverick, mineralization is concentrated directly above the unconformity, between 260 metres and 285 metres. Hole ML24-13 intersected 0.14% U 3 O 8 over 6.4 m starting at 268.5 m, including 0.63% U 3 O 8 over 1.0 m at 269.0 m, and 0.30% U 3 O 8 over 1.0 m at 273.9 m. Hole ML24-14 intersected 0.04% U 3 O 8 over 1.0 m starting at 287.2 m. Hole ML24-15 intersected 1.50% U 3 O 8 over 6.4 m starting at 275.0 m depth, including 4.74% U 3 O 8 over 1.5 m. Hole ML24-16 intersected 0.10% U 3 O 8 over 0.5 m starting at 314.0 m. Hole ML24-17 intersected 0.16% U 3 O 8 over 3.0 m starting at 274.0 m depth.

Maverick East Zone Drilling Map:
https://www.skyharbourltd.com/_resources/news/Maverick_East_2024.jpg

In addition to the assay results reported here, previously reported drill results from the first phase of drilling earlier in 2024 included notable high-grade intercepts at Moore. Highlight drill hole ML24-08 intersected 5.0 metres of 4.61% U 3 O 8 between 265.5 metres and 270.5 metres depth including 3.0 metres of 7.30% U 3 O 8 between 266.0 metres to 269.0 metres depth at the Main Maverick Zone. Another notable hole was ML 24-03, which intersected a broad interval of mineralization grading 1.11% U 3 O 8 over 11.5 metres between 266.8 metres to 278.3 metres depth, including 5.87% U 3 O 8 over 2.0 metres (see news release dated July 11 th , 2024).

2025 Summer and Fall Drilling Plans:

Skyharbour is planning for an additional, fully-funded 4,500 – 5,000 metres of drilling at the Main Maverick and Maverick East Zones to further expand, characterize and define the extents of the mineralized zones. Both of these high-grade zones are open along strike and at depth, with little historical drilling testing the underlying basement rocks. Furthermore, Skyharbour plans to test regional targets at Moore that have been further refined with modern geophysics and new geological modelling. This drilling will take place in conjunction with the multi-phased drilling campaign this year at the adjacent Russell Lake Project. Both drilling programs will be run using the Company’s McGowan Lake camp on Highway 914 as a base of operations, making exploration at both properties very cost-effective. In total, the company plans to drill 16,000 – 18,000 metres in 35 – 45 drill holes across the projects in 2025.

Moore Uranium Project Overview:

In June 2016, Skyharbour secured an option to acquire Denison Mine’s Moore Uranium Project, on the southeastern side of the Athabasca Basin, in northern Saskatchewan and has since fulfilled its earn-in. The project consists of 12 contiguous claims totaling 35,705 hectares located 42 kilometres northeast of the Key Lake mill, approx. 15 kilometres east of Denison’s Wheeler River project, and 39 kilometres south of Cameco’s McArthur River uranium mine. Unconformity-hosted uranium mineralization was discovered on the Moore Project at the Maverick Zone with historical drill highlights consisting of 4.03% eU 3 O 8 over 10 metres, including 20% eU 3 O 8 over 1.4 metres, in ML-161. In 2017, Skyharbour announced drill results of 6.0% U 3 O 8 over 5.9 metres, including 20.8% U 3 O 8 over 1.5 metres at a vertical depth of 265 metres, in hole ML-199. In addition to the Main and East Maverick Zones, the project hosts other mineralized targets with strong discovery potential which the Company plans to test with future drill programs. The project is fully accessible via winter and ice roads which simplifies logistics and lowers costs. Large proportions of the property are accessible in the summer as well.

Moore Lake Uranium Project Geophysics Map:
http://skyharbourltd.com/_resources/maps/MooreLake-Basic-geo-revamp.jpg

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour, as well as a Qualified Person.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada’s Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with interest in thirty-six projects covering over 614,000 hectares (over 1.5 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project, which is located 15 kilometres east of Denison’s Wheeler River project and 39 kilometres south of Cameco’s McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-11-21_v1.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

Skyharbour Resources Ltd.

‘Jordan Trimble’
_________________________________
Jordan Trimble
President and CEO

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
Skyharbour Resources Ltd.
‎Telephone: 604-558-5847
‎Toll Free: 800-567-8181
‎Facsimile: 604-687-3119
‎Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.


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Walker Lane Resources Ltd. (TSX-V: WLR) (Frankfurt:ZM5P) (‘WLR’ or the ‘Company’) is pleased to announce the terms to its best efforts non-brokered private placement. The proposed terms are to issue 4,000,000 non-flow through units at a price of C$0.12 per unit (the NFT Units’) and 6,000,000 flow-through units at a price of $0.14 per unit (the ‘ FT Units’) of the Company for aggregate gross proceeds of up to C$1,320,000 (collectively, the ‘ Offering ‘).  There may be agents who will be acting as finder on behalf of the Company in relation to the Offering.

Each Unit will consist of one common share of the Company (each, a ‘ Unit Share ‘) and one full Warrant.  Each whole Warrant will entitle the holder thereof to acquire one non-flow-through common share of the Company (each, a ‘ Warrant Share ‘) at a price of C$0.16 per Warrant Share for a period of 24 months from the closing date of the Offering.  The proposed closing date of the Offering is on or before

The net proceeds from the sale of Units will be used to;

  • fund property expenses and exploration at the WLR’s properties in Yukon, British Columbia and Nevada which may include drilling activities on its Amy Project in British Columbia, pending receipt of an exploration permit, or other properties; and
  • general working capital,

The Company may pay finders’ fees comprised of cash and non-transferable warrants (the ‘ Finder’s Warrants ‘) in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange. The terms of the Finder’s Warrants will be the same as the Warrants distributed in the Units. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Closing is subject to customary closing conditions including, but not limited to, the negotiation and execution of subscription agreements and receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange.

The securities being offered will not be registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’ ), or any applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or ‘U.S. persons,’ as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an exemption from such registration requirements.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Qualified Person

Qualified Person Kevin Brewer, a registered professional geoscientist, is the Company’s President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has given his approval of the technical information pertaining reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.

About Walker Lane Resources Ltd.

Walker Lane Resources Ltd.  is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada (i.e., Tule Canyon, Cambridge and Silver Mountain) and the Rancheria Silver District in Yukon/B.C. (Amy and Silver Hart/Blue Heaven) and Logjam ( Yukon). The Company intends to initiate an aggressive exploration program to advance the Amy (Rancheria Silver, B.C.) projects through an aggressive drilling program to resource definition stage in the near future. An exploration  permit application is currently being reviewed for the Amy Project.

On behalf of the Board:
‘Kevin Brewer’
Kevin Brewer, President, CEO and Director
Walker Lane Resources Ltd.

For Further Information and Investor Inquiries:

Kevin Brewer,
P. Geo., MBA, B.Sc. (Hons), Dip. Mine Eng.
President, CEO and Director
Tel: (709) 327 8013
kbrewer80@hotmail.com
Suite 1600-409 Granville St., Vancouver, BC, V6C 1T2

Cautionary and Forward Looking Statements

This press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘anticipate’, ‘plans’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘should’, ‘believe’ ‘targeted’, ‘can’, ‘anticipates’, ‘intends’, ‘likely’, ‘should’, ‘could’  or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the  Silver Hart, Blue Heaven and Logjam properties in Yukon and the Bridal Veil property in Newfoundland and Labrador all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remain subject to the condition of the option of the Silverknife property with Coeur Mining Inc. These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.

Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.

The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes ‘future-oriented financial information’ or ‘financial outlooks’ within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.

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finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) (‘Finlay’ or the ‘Company’) is pleased to announce that it has closed its non-brokered private placement (the ‘ Private Placement ‘), previously announced on May 26, 2025 and June 4, 2025 consisting in the issuance of: (i) 11,206,088 common shares of the Company issued on a flow-through basis under the Income Tax Act ( Canada ) (each, a ‘ FT Share ‘) at a price of $0.11 per FT Share, and (ii) 4,400,000 non-flow-through units of the Company (each, a ‘ NFT Unit ‘) at a price of $0.10 per NFT Unit, for aggregate gross proceeds to the Company of $1,672,670 .

Finlay Minerals Ltd. logo (CNW Group/Finlay Minerals Ltd.)

Each NFT Unit was comprised of one non-flow-through common share of the Company (each, a ‘ NFT Share ‘) and one non-flow-through common share purchase warrant (a ‘ Warrant ‘). Each Warrant is exercisable by the holder thereof to acquire one NFT Share at an exercise price of $0.20 per NFT Share until June 9, 2027 , subject to acceleration as described in the Company’s press release dated June 4, 2025 .

The Company intends to use the gross proceeds of the Private Placement for exploration of the Company’s SAY, JJB and Silver Hope properties, and for general working capital purposes, as more particularly described in the amended and restated offering document in respect of the Private Placement filed on www.sedarplus.ca under the Company’s profile. The Company will use the gross proceeds from the issuance of FT Shares to incur ‘Canadian exploration expenses’ that qualify as ‘flow-through critical mineral mining expenditures’, as such terms are defined in the Income Tax Act ( Canada ).

The Private Placement was conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions and in reliance on the Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption . The securities issued to purchasers in the Private Placement are not subject to a hold period under applicable Canadian securities laws. The securities issued to certain insiders of the Company that participated in the Private Placement are subject to a hold period expiring on October 10, 2025 in accordance with the policies of the TSX Venture Exchange (the ‘ TSXV ‘). The Private Placement is subject to the final approval of the TSXV.

The Company paid aggregate cash finder’s fees of $89,196 and granted 829,145 non-transferable finder warrants (each, a ‘ Finder Warrant ‘) to arm’s length finders of the Company, as compensation for locating purchasers in the Private Placement. Each Finder Warrant entitles the holder thereof to purchase one non-flow-through common share of the Company at an exercise price of $0.20 per share until June 9, 2027 . The Finder Warrants and the common shares issued on exercise thereof are subject to a hold period expiring on October 10, 2025 in accordance with applicable securities laws.

Gordon Steblin , the Chief Financial Officer of the Company, participated in the Private Placement by subscribing for 200,000 FT Shares, which constitutes a related party transaction pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘ MI 61-101 ‘). There has not been a material change in the percentage of the outstanding securities of the Company that are owned by Mr. Steblin as a result of his participation in the Private Placement. The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the participation of the insider in the Private Placement in reliance on the exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the insider participation does not exceed 25% of the Company’s market capitalization as determined in accordance with MI 61-101. The Company obtained approval by the board of directors of the Company to the Private Placement. No materially contrary view or abstention was expressed or made by any director of the Company in relation thereto. The Company did not file a material change report less than 21 days before the expected closing date of the Private Placement as the insider participation was not settled until shortly prior to closing and the Company wished to close on an expedited basis for sound business reasons.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933 , as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.

About finlay minerals ltd.

Finlay is a TSXV company focused on exploration for base and precious metal deposits through the advancement of its ATTY, PIL, JJB, SAY and Silver Hope Properties; these properties host copper-gold porphyry and gold-silver epithermal targets within different porphyry districts of northern and central BC. Each property is located in areas of recent development and porphyry discoveries with the advantage of hosting the potential for new discoveries.

Finlay trades under the symbol ‘FYL’ on the TSXV and under the symbol ‘FYMNF’ on the OTCQB. For further information and details, please visit the Company’s website at www.finlayminerals.com

On behalf of the Board of Directors,

Robert F. Brown ,
Executive Chairman of the Board & Director

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release includes certain ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as ‘expect’, ‘plan’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘schedule’, ‘forecast’, ‘budget’, ‘estimate’, ‘intend’ or ‘believe’ and similar expressions or their negative connotations, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’, ‘should’ or ‘might’ occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the final approval for the Private Placement from the TSXV and the planned use of proceeds for the Private Placement. Although Finlay believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include the ability to obtain regulatory approval for the Private Placement, the state of equity markets in Canada and other jurisdictions, market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Finlay and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Finlay’s proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements,   and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Finlay does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.

SOURCE finlay minerals ltd.

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China has moved to ease its export chokehold on rare earths, with its Ministry of Commerce announcing over the weekend that it will establish a “green channel” to fast track rare earths export licenses to select EU firms.

The announcement follows high-level trade talks in Paris between Chinese Minister of Commerce Wang Wentao and European Commission Vice President and Trade Commissioner Maroš Šefčovič, CNBC reported.

A ministry spokesperson stated that China hopes the EU will take “reciprocal steps” to promote “compliant trade of high-tech products with China.” The diplomatic overture also extends to US firms.

According to Reuters, China has quietly granted export licenses to suppliers working with American auto giants General Motors (NYSE:GM), Ford (NYSE:F) and Stellantis (NYSE:STLA) — manufacturer of Jeep, Dodge, Fiat and Peugeot.

The rare earth sreprieve could not come soon enough for the auto industry. Following China’s April imposition of export restrictions on several critical rare earth elements — used in everything from electric motors to fuel injectors — industry groups warned that stockpiles were dwindling rapidly, with risks of assembly line stoppages looming.

Jonathan O’Riordan, international trade director at the European Automobile Manufacturers’ Association (ACEA), told CNBC on Monday (June 9), “We’re gradually coming into a very, very critical moment whereby those stocks are now being exhausted, and we are potentially going to see production stoppages.” The ACEA had expressed alarm over licensing delays, saying applications had been taking a “significant” amount of time to process since the April restrictions came into force.

The European Association of Automotive Suppliers echoed the same concerns last week, reporting that several plants had already shut down due to Beijing’s export controls, with more disruptions anticipated in the coming weeks.

A global leverage game

The backdrop to this rare earths standoff is China’s overwhelming dominance in the critical minerals supply chain.

The country produces roughly 60 percent of the world’s rare earth elements and accounts for about 70 percent of US rare earths imports. These minerals — used in smartphones, wind turbines, and even military fighter jets — are increasingly seen as geopolitical assets in the global transition to clean energy and high-tech manufacturing.

The leverage is already being felt in the numbers. According to data released by China’s General Administration of Customs, the value of rare earths exports in May plummeted 48.3 percent year-on-year to US$18.7 million.

Export volumes fell to 5,864.6 metric tons, down 5.67 percent compared to the same month last year.

That decline ended three consecutive months of year-on-year growth and showed the real-world effects of China’s tightening export controls, which have remained in place even after Beijing agreed during talks with Washington last month to “suspend or remove” non-tariff countermeasures imposed since April 2.

Still, total rare earths exports for the first five months of 2025 were up 2.3 percent compared to the same period last year, suggesting that while value has plummeted, some shipments are still getting through under stricter oversight.

The Ministry of Commerce reiterated that it has approved export applications for qualified entities and expressed willingness to “communicate over export controls with relevant countries to facilitate compliant trade,” hinting at a more conciliatory approach ahead of another round of US-China trade negotiations.

Supply diversification still key

Despite the temporary relief, western automakers and their governments face a more fundamental challenge: diversifying away from China’s stranglehold on rare earths. Europe in particular has recognized the urgency. EU policymakers have pushed to accelerate domestic mining projects and build up strategic reserves.

But such efforts are years away from producing material results, leaving automakers vulnerable in the short term.

With that in mind, industry leaders are warning that without rapid progress on alternative supply chains, future geopolitical shocks could cause even greater disruption.

For now, China’s “green channel” offers a pause — but not a solution.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

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