Sankamap Metals Inc. (CSE: SCU) (‘Sankamap’ or the ‘Company’) is pleased to announce assay results from its Oceania Project on the Fauro Property. The preliminary exploration program on Fauro’s 24,000-hectare (‘Ha’) property located in the Shortland Islands, Western Province, Solomon Islands, included grab samples during a November 2025 site visit. These samples returned multiple high-grade gold (Au) and silver (Ag) results at the Meriguna Target, including up to 116 grams per tonne (gt) Au and 87.5 gt Ag.

CEO, John Florek, commented:

‘Once again, our work at the Fauro Property has delivered very high-grade results. At Meriguna, about 2.5 kilometres north of the Kiovakse target, which previously returned exceptional gold and copper values (see press release dated July 16, 2025), we continue to see compelling evidence of a robust mineralized system.

The scale of mineralization and the strength of the grades encountered across the property underscore its significant discovery potential. Importantly, multiple analogous geophysical signatures along the rim of the caldera remain untested, providing substantial upside as we advance our exploration program.’

Highlights

• Meriguna returned several high-grade gold values, of up to 116 g/t Au, and an average grade of 16.4 g/t Au across all rock samples.

• Silver values show a strong correlation with gold, returning assays of up to 87.5 g/t Ag.

• Visible gold was identified throughout the property in surface alluvial workings from local artisanal miners at the Meriguna Prospect.

• Meriguna and the Kiovakse target demonstrate strongly comparable alteration and mineralized signatures highlighting the potential scale and continuity of mineralization across the area.

• The team is advancing and refining mineralized zones to generate high-priority drill target.

• A phased 2026 exploration program will continue systematic sampling to validate historical results, followed by targeted geophysical surveys. All data will be integrated to design a focused drill program aimed at confirming historical intersections and testing extensions of mineralization that remain open at depth and along strike.

Discussion of Results

The Meriguna target at the Fauro Property continues to deliver highly encouraging results and is located approximately 2.5 km from the Kiovakse target, highlighting the broader prospectivity of the area. The November 2025 site visit successfully validated historical data while generating new geological vectors to refine and prioritize future drill planning. As summarized in the accompanying table (see Table 1), surface sampling returned multiple high-grade gold results, including exceptional assays of up to 116 g/t Au, underscoring the presence of a robust mineralizing system at Meriguna.

These high-grade gold values, together with consistently elevated gold, silver, and copper results from both the Meriguna and nearby Kiovakse targets, underscore the effectiveness of the Company’s focused and systematic exploration strategy. Collectively, the results support the presence of a strong epithermal system and continue to advance multiple high-priority targets across the Fauro Property.

Table of Results

Figure 1: Fauro tenement boundaries with magnetic overlay and target area locations.

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Figure 2: Fauro Property-Meriguna target illustrating historical trench highlights with new sample locations from November, 2025 sampling 

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Figure 3: Selected rock samples from Meriguna target, Fauro. 

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Property Description

The Fauro Property is strategically located along a regional Cu-Au trend hosting major deposits, including Lihir and Panguna¹. Fauro shares key tectonic and geological features with these deposits and lies within a largely underexplored region.

¹Lihir containing 71 Moz Au:

Proven and Probable: 310 Mt containing 23 Moz Au at 2.3 g/t
Indicated: 520 Mt containing 39 Moz Au at 2.3 g/t
Measured: 81 Mt containing 5 Moz Au at 1.9 g/t
Inferred: 61 Mt containing 4.9 Moz Au at 2.3 g/t

Panguna containing 19.3 Moz Au + 5.3 Mt Cu:

Indicated: 1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3%
Inferred: 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu

Next Steps at the Property – 2026 Exploration

Historical drilling, surface sampling, and geophysical work at the Fauro Property have highlighted multiple near-surface epithermal gold systems. Recent rock sampling at the Meriguna Target has confirmed significant surface gold mineralization.

A phased 2026 exploration program will continue systematic sampling to validate historical results, followed by targeted geophysical surveys as warranted. All data will be integrated to design a focused drill program aimed at confirming historical intersections and testing extensions of mineralization that remain open at depth and along strike.

Quality Assurance and Control Procedures

Sample preparation and analysis was completed at the Brisbane, Australia ALS Global Facility accredited by the National Association of Testing Authorities (NATA) and compliant with international standards ISO/IEC 17025. Samples were analyzed using Four acid digestion methods on 34 elements: HF-HNO3-HCIO4 acid digestion, HCL leach and ACP-AES. Gold was analyzed using the Fire Assay technique with a 50g sample under the ALS code Au-AA26. A secure chain of custody procedure was maintained in storing and transporting samples. Sankamap uses industry standards for collecting samples taken on the Fauro property, internal quality assurance and quality control (QAQC) procedures were followed by ALS.

About Sankamap Metals Inc.

Sankamap Metals Inc. (CSE: SCU) is a Canadian mineral exploration company dedicated to the discovery and development of high-grade copper and gold deposits through its flagship Oceania Project, located in the South Pacific. The Company’s fully permitted assets are strategically positioned in the Solomon Islands, along a prolific geological trend that hosts major copper-gold deposits; including Newmont’s Lihir Mine, with a resource of 71.9 million ounces of gold¹ (310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred).

Exploration is actively advancing at both the Kuma and Fauro properties, part of Sankamap’s Oceania Project in the Solomon Islands. Historical work has already highlighted the mineral potential of both sites, which lie along a highly prospective copper and gold-bearing trend, suggesting the possibility of further, yet-to-be-discovered deposits.

At Kuma, the property is believed to host an underexplored and largely untested porphyry copper-gold (Cu-Au) system. Historical rock chip sampling has returned consistently elevated gold values above 0.5 g/t Au, including a standout sample assaying 11.7% Cu and 13.5 g/t Au³; underscoring the area’s significant potential.

At Fauro, particularly at the Meriguna Target, historical trenching has returned highly encouraging results, including 8.0 meters at 27.95 g/t Au and 14.0 meters at 8.94 g/t Au⁴. Complementing these results are exceptional grab sample assays, including historical values of up to 173 g/t Au⁴, along with recent sampling by Sankamap at the Kiovakase Target, which returned numerous high-grade copper values, reaching up to 4.09% Cu. In addition, limited historical shallow drilling intersected 35.0 meters at 2.08 g/t Au⁴, further underscoring the property’s strong mineral potential and the merit for continued exploration. With a commitment to systematic exploration and a team of experienced professionals, Sankamap aims to unlock the untapped potential of underexplored regions and create substantial value for its shareholders. For more information, please refer to SEDAR+ (www.sedarplus.ca), under Sankamap’s profile.

1. Newcrest Technical Report, 2020 (Lihir: 310 Mt containing 23 Moz Au at 2.3 g/t P+P, 520 Mt containing 39 Moz Au at 2.3 g/t indicated, 81 Mt containing 5 Moz Au at 1.9 g/t measured, 61 Mt containing 4.9 Moz Au at 2.3 g/t Inferred)

2. Bougainville Copper Ltd. Annual Report, 2016 (1.5 Mt containing 16.1 Moz Au at 0.33 g/t and 4.6 Mt Cu at 0.3 % Indicated, 300 Mt containing 3.2 Moz Au 0.4 g/t and 0.7 Mt Cu Inferred)

3. Historical grab, soil and BLEG samples from SolGold Kuma Review June 2015, and SolGold plc Annual Report 2013/2012

4. September 2010-June 2012 press releases from Solomon Gold Ltd. and SolGold Fauro Island Summary Technical Info 2012

QP Disclosure

The technical content for the Oceania Project in this news release has been reviewed and approved by John Florek, M.Sc., P.Geol., a Qualified Person in accordance with CIM guidelines. Mr. John Florek is in good standing with the Professional Geoscientists of Ontario (Member ID:1228) and a director and officer of the Company.

ON BEHALF OF THE BOARD OF DIRECTORS,

s/ ‘John Florek’
John Florek, M.Sc., P.Geol
Chief Executive Officer
Sankamap Metals Inc.

The Canadian Securities Exchange has not approved nor disapproved this press release.

Forward-Looking Statements

Forward-Looking Statements Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release.

Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

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Tartisan Nickel Corp. (CSE: TN,OTC:TTSRF) (OTCQB: TTSRF) (FSE: 8TA) (‘Tartisan’, or the ‘Company’) is pleased to announce that the Company has acquired eleven additional claims in the Turtle Pond Area, approximately 40 kms south of Dryden, Ontario and approximately 70 kms east of the Company’s flagship Kenbridge Nickel-Copper-Cobalt Project.

The total property package now consists of 161 claims covering 3,375 ha. The claims are owned 100% by Tartisan Nickel Corps. wholly owned subsidiary Canadian Arrow Mines Limited. The property is situated in an area with excellent infrastructure.

Previous exploration efforts identified nickel-copper sulphide mineralization in twelve trenches along a 700-metre trend at the Glatz nickel copper showing. The zone, discovered in 1965 by local prospector A. Glatz, is up to 40 metres wide and is open along strike and at depth. Historical grab samples were reported to contain up to 1.95% Ni. In 2007, Canadian Arrow Mines Limited conducted a surface grab sampling program which produced the following results: 1.28% Ni, 0.26% Cu re Glatz Trench 3; 0.99% Ni, 0.18% Cu re Glatz Trench 3; 0.39% Ni, 4.06% Cu re Trench 4. The mineralization varies from disseminated sulphides to narrow semi-massive sulphide bands. Six short drill holes were completed at that time with hole GZ-09- 02 encountering 0.34% Ni, 0.16% Cu and 0.02% Co over 5.9 m from 45.0-50.9 m.

A nickel-copper-PGE discovery on the Double E airborne VTEM anomaly was identified in 2008. The drilling intersected two separate upper and lower mineralized zones in 2 drill holes. Hole EE-09-02 intersected 4.2 metres of 0.81% Ni, 0.52% Cu, 0.20gpt Pt, 0.16gpt P and 0.20gpt Au at a depth of 25.5 metres. This included 2 metres of 1.35% Ni, 0.81% Cu, 0.36gpt Pt, 0.27gpt Pd and 0.31gpt Au. A second zone was intersected at a depth of 135.1 metres containing 8.2m of 0.55% Ni and 0.38% Cu. Hole EE-l0-04 intersected 1.9 metres of 0.51% Ni, 0.24% Cu at a depth of 21.4 metres and a second narrow intersection of 1.9 metres of 0.52% Ni, 0.28% Cu at a depth of 28 metres.

Exploration diamond drilling work completed in 2009 and 2010 on the Night Danger nickel-copper reported a nine-metre-wide section of stringers and blebs of sulphide which assayed 0.57% Ni and 0.45% Cu at a drill depth of 79m in hole ND-09-1. Two sections within this interval assayed greater than 1% nickel. Drill hole ND-10-1 intersected 4.53% Ni over 0.7m at a drill depth of 57.5m (Source; MNDM assessment files and Canadian Arrow Mines Limited news release dated June 1, 2010, SEDAR).

From November 28^th to December 21^st, 2024, a TDEM Geophysical survey was performed on the Turtle Pond Property undertaken by Expert Geophysics Limited (SEDAR+ February 27, 2025). Tartisan Nickel Corp. conducted this survey for the purpose of determining drill targets and potential future exploration work on the Turtle Pond Project.

Mark Appleby, President and CEO of Tartisan stated ‘The Glatz, Double E and Night Danger nickel-copper showings display similar nickel and copper tenors as what we find near surface at our Kenbridge Nickel-Copper-Cobalt Project. Acquisition of these claims complement the company’s larger objective of developing the Kenbridge Nickel-Copper-Cobalt Project into an operating mine with a central milling facility. The Company will be formulating an exploration program consisting of surface sampling and potentially diamond drilling for 2026-27.

Figure 1: Location and Regional Geology of the Turtle Pond Project and Kenbridge Ni-Cu-Co Project

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Figure 2. Turtle Pond: Night Danger, Glatz, Double E property outline and Historical Mineral Showings

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Qualified Person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Dean MacEachern, P. Geo., an Independent Consultant to the Company and a Qualified Person as defined by NI 43-101.

About Tartisan Nickel Corp.

Tartisan Nickel Corp. is a Canadian-based critical minerals exploration and development company which owns, the Kenbridge Nickel Project near Sioux Narrows, Northwestern Ontario, the Sill Lake Silver Project near Sault Ste. Marie, Ontario as well as the Night Danger, Glatz Turtle Pond Project near Dryden, Ontario.

Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN,OTC:TTSRF) (OTCQB: TTSRF) (FSE: 8TA). Currently, there are 152,215,641 shares issued and outstanding (156,287,356 fully diluted).

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

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Nine Mile Metals LTD. (CSE: NINE,OTC:VMSXF) (OTC Pink: VMSXF) (FSE: KQ9) (the ‘Company’ or ‘Nine Mile’) is pleased to provide the details of drill hole WD-25-05 in addition to a summary of the 2025 drill program completed in December at the Wedge Project.

Drillhole WD-25-05:

DDH WD-25-05 collared on the same drill pad as WD-25-01 and drilled at an azimuth of 310 degrees and a dip of -60 to a final depth of 275 meters.

• DDH-WD-25-05 was successful, intersecting massive VMS (Cu, Pb, Zn, Ag, Au) mineralization between 155.52 – 157.80 meters (Figure 1) followed by 40 meters of mineralized felsic volcanics (rhyolite) as seen in Figure 2 between 157.80 and 197.80 meters before terminating in sediments.
• Mineralization consisted of both pyrite and chalcopyrite as disseminations, masses, and associated with quartz bands parallel to bedding.
• All drill core has been measured, logged, photographed, marked, and cut for sampling at the company’s warehouse in Bathurst, New Brunswick. A quick XRF analysis was also completed for sulphide confirmation – filtering and width identification in definition for sampling core for Actlabs Analysis. A total of 55 sections were delivered to ALS Global in Moncton, New Brunswick for Base and Precious Metals analysis, including Antimony.

FIGURE 1: Brecciated contact between Graphitic Shear and VMS Mineralization.

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FIGURE 2: Banded pyrite and chalcopyrite within siliciifed felsic volcanics

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Drill Holes BHEM -01 and BHEM-02:

Both drill holes were collared on permitted drill pads in the northwest along the western extension (Figure 4). The drill core for both BHEM-01 and BHEM-02 were solid with minimal faulting / fracturing in the host sediments providing ideal drill holes for surveying and subsequent follow up. Collared outside of known mineralization, the holes are well positioned to locate and model adjacent mineralization with no interference from a conductive source within the drill hole. Both holes are capped and easily accessible, the drill pads available for extending drilling further west and if required, additional depth.

FIGURE 3: Drilling BHEM – 01 in Northwest Area

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Gary Lohman, VP Exploration, Director stated, ‘Our Wedge Drill Program has been very successful, intersecting Massive Cu bearing VMS where targeted in the western extension of the Wedge Deposit, as designed. Two holes were also drilled in the Northwest area to facilitate an upcoming BHEM survey, their locations in solid rock on the flanks of previous underground workings. In addition to identifying additional mineralization, the size and scale of the individual geological units and results from the upcoming BHEM program will assist in modeling the deposit and targeting additional drilling along the western extension. After our successful drilling in the southern lower extension of the deposit, our knowledge of the deposit and mineralization has increased and identified new areas of priority that were not permitted for this past drill program. We have identified new drill collar locations to continue to test the Copper Zone on the western extension in addition to potential locations that avoid the shear zone in the south. New permitting is underway in preparation of an exciting 2026 campaign at the Wedge, including our West Wedge and Tribag Target Trend drill programs.’

2025 Drill Program Overview:

The program consisted of 7 drill holes totaling 1,654 meters with 5 holes targeting copper mineralization in the western extension of the Wedge Mine with two additional holes collared in the northwest to facilitate BHEM (Bore Hole Electromagnetic) surveying this spring. The goal is to map the depth of the deposit and define the new copper zone. We should also be able to map the western parameters of the deposit, heading west towards the Tribag and West Wedge along trend.

The 2025 drill program was highly successful, with all five drill holes targeting copper mineralization intersecting both massive VMS (Cu, Pb, Zn, Ag, Au) and banded copper sulphide mineralization. The two holes collared to facilitate BHEM geophysical surveying were also successful, collared in the northwest portion of the western extension, away from the large, graphitic shear zone that bounds the deposit in the south and west of the interpreted extent of previous, underground workings. BHEM surveying has its best results when drilled away from the mineralization and the magnetic interference.

The five drill holes targeting mineralization were all collared in the southwest, crossing through a brecciated, graphitic shear zone (tectonic melange) before intersecting a well-defined massive VMS (Cu, Pb, Zn, Ag, Au) horizon. This is characteristic of the mineralized contact after which a sequence of intercalated sediments and volcanics are cut prior to the holes intersecting the main zone of VMS mineralization with mineralized widths between 13 and 48 meters.

The VMS mineralization consisted of abundant pyrite and lesser chalcopyrite, sphalerite, and galena. Local, secondary copper, covellite (CuS) and bornite (Cu₅FeS₄), was also identified in drill holes WD-25-02 and WD-25-04.

In the west, the metal zonation appears different than the drill holes completed in the east with the prevalence of a greater concentration of chalcopyrite and pyrite with lesser galena (Pb) and sphalerite (Zn). Although it is early in the process, we have confirmed the presence abundant chalcopyrite and coarser grained pyrite in the western extension.

The key observations in this program include:

• Graphitic Shear Zone in contact with VMS confirmed as a diagnostic marker horizon in the southwest.
• Mineralized siliceous volcanics were intersected in numerous drill holes, defining an additional, mineralized sequence.
• VMS mineralization occurs in multiple horizons as seen in holes WD-25-01 and WD-25-02.
• The intersected units (Argillite, VMS and Felsic Volcanics) are of substantial width and extent which will assist in the 3D modeling of the deposit and subsequent drill hole targeting.

Patrick J Cruickshank, MBA, CEO & Director, stated, ‘We are thrilled with the success of our Wedge Phase 2 Drill Program. To have all 5 holes strike mineralization was more than we expected. It is a testament to our Technical Team and specifically, Mike Dufresne and Gary Lohman. We already have identified Phase 3 Drill holes and are determined more than ever to expand this deposit’s footprint and expose this entire new 3^rd High Grade Copper Lens. In addition, the BHEM surveys, the Phase 3 Wedge Drilling, the TriBag & West Wedge drilling to test this VMS Cluster Trend, 2026 will be filled with Wedge Project activity. We expect our first Assays to arrive this week from ALS Global and look forward to sharing the results.’

FIGURE 4: Drill Hole Locations, WD-25-05, BHEM-01, BHEM-02

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All drill core has been measured, logged, photographed, marked, and cut for sampling at the company’s warehouse in Bathurst, New Brunswick. A quick XRF analysis was also completed for sulphide confirmation – filtering and width identification in definition for sampling core for ALS Global. A total of (57) samples in Hole WD-25-05 have been identified for Base and Precious Metals analysis, including Antimony, and have been shipped to ALSGlobal, Moncton, New Brunswick for Rush processing.

The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘NI 43-101’) and reviewed and approved by Gary Lohman, B.Sc., PGO., VP Exploration and Director who acts as the Company’s Qualified Person, and is not independent of the Company.

About Nine Mile Metals Ltd.:

Nine Mile Metals Ltd. is a Canadian public mineral exploration company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Wedge VMS Project, Nine Mile Brook VMS Project, California Lake VMS Project, and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on Critical Minerals Exploration (CME), positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold.

Social Media

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This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as ‘will,’ ‘may,’ ‘would,’ ‘expect,’ ‘intend,’ ‘plan,’ ‘seek,’ ‘anticipate,’ ‘believe,’ ‘estimate,’ ‘predict,’ ‘potential,’ ‘continue,’ ‘likely,’ ‘could’ and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) prior to commencing the 2023 exploration drill program, the ground will be mapped at surface and representative samples analyzed to determine the base and precious metal assay values, (b) the Ag and Au values will be reported upon receipt of the certified assay results from ALS Global, and (c) our current financial raise will enable us to drill the Wedge Project (along with our Canoe Landing VMS Project and follow up exploration work on our California Lake VMS Project) this season as opposed to next year. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

____________________________________________________________________________________

The Canadian Venture Building, 82 Richmond Street East, Toronto, ON M5C 1P1 (T) (506) 804-6117
www.ninemilemetals.com

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Flow Metals Corp. (CSE: FWM) (‘Flow Metals’ or the ‘Company’) is pleased to report that it has entered into an option agreement dated February 9, 2026 (the ‘Option Agreement’) with Go Metals Corp. (‘Go Metals’) to acquire the Monster IOCG project (the ‘Monster Project’), located approximately 90 kilometres north of Dawson City in the traditional territory of the Tr’ondek Hwech’in First Nation.

‘The acquisition of the Monster Project represents a Tier 1-scale opportunity and positions Flow Metals with meaningful exposure to both gold and copper. Our team has long believed in the Yukon’s exceptional mineral potential since we began working in the region in 2010, and the Monster Project marks a pivotal step in building a premier exploration portfolio,’ said Scott Sheldon, CEO of Flow Metals.

Monster Property, Yukon – IOCG Exploration Target

The Monster Property is a discovery-stage copper exploration project in Yukon, with percent-level copper and cobalt mineralization identified in surface showings. Exploration has identified geological features and metal associations consistent with iron oxide copper-gold (‘IOCG’) style systems.

Copper-cobalt showings have been identified over approximately 14 km of strike, defining a mineralized corridor. Grab samples have returned percent-level copper values, including results up to 22.3% Cu and 9.6% Co. To date, 45 grab samples across the project met the strongly mineralized threshold. These occurrences are spatially associated with both magnetic and gravity anomalies. Three main targets have been identified: Bloom, Arena, and Beast, ranging between 1,300 and 3,500 metres in width. Selected samples from these targets are summarized in the tables below. Grab samples are selective by nature and may not represent average grades of mineralized zones.

Parts of the property are underlain by rocks of the Wernecke Breccia, a regionally extensive Paleoproterozoic (~1.8 Ga) iron oxide-rich breccia system. The rocks are characterized by extensive fracturing, brecciation, and iron oxide alteration developed over kilometre-scale zones and are interpreted to record repeated fluid movement through the crust. The resulting fracture networks provide permeable pathways capable of focusing metal-bearing fluids.

A 2021 percussion drilling program was limited by a drill booster failure but intersected 0.72% Cu over 5.0 feet within hematite-chlorite altered breccia interpreted as IOCG-style mineralization. These results confirmed subsurface mineralization, even though the drill hole ended short of the inverted gravity anomaly. True widths and continuity are unknown, and further drilling is required to test the three main gravity anomalies.

Bloom Target (1.9 km²) selected grab sample highlights:

 A total of 28 samples at Bloom met the Company’s strongly mineralized threshold.

Arena Target (5.1 km²) selected grab sample highlights:

A total of 21 samples at Arena met the Company’s strongly mineralized threshold.

Beast Target (2.4 km²) selected grab sample highlights:

A total of 4 samples at Beast met the Company’s strongly mineralized threshold.

Option Agreement – Monster Project

Pursuant to the Option Agreement, Flow Metals may acquire a 100% interest in the Monster Project by completing the following payments and share issuances (collectively, the ‘Option Consideration’):

• 3,000,000 common shares of Flow Metals, payable within 10 business days of receipt of all required approvals and CSE acceptance;

• 3,000,000 common shares of Flow Metals on the one year anniversary of the execution date;

• $2,000,000, payable on the 120^th day of commercial production; and

• Go Metals will retain a 2% net smelter return royalty (‘NSR’) on the Monster Project.

The transaction constitutes a ‘related party transaction’ for the purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’), as certain directors and/or officers of the Company are also directors and/or officers of Go Metals. The Company will comply with applicable requirements of MI 61-101 in connection with the transaction.

The transaction is exempt from the valuation and minority approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a), as the fair market value of the transaction is not more than 25% of Flow Metals’ market capitalization. Further, Evans & Evans has been retained to provide a fairness opinion to the board of directors of Go Metals in connection with the transaction. The fairness opinion is expected to address the fairness, from a financial point of view, of the transaction to Go Metals and is not a formal valuation.

Sixtymile Project

The Sixtymile district is a historic placer gold camp that has produced gold since the 1890s and remains active today. Ongoing placer operations continue to recover angular and crystalline gold, which is interpreted to indicate a nearby bedrock source. Flow Metals’ mineral claims cover key placer-producing drainages, including Bedrock, Miller, Glacier, and Little Gold creeks. The claims lie within a thrust-related deformation corridor extending at least nine kilometres across the property, which is interpreted to have acted as a major structural conduit for mineralizing fluids.

Recent geological reinterpretation, based on detailed re-logging of historic drill hole DDH-11-18, has identified a folded metasedimentary (turbidite) sequence within the host schist. Gold-bearing quartz veins are interpreted to occur preferentially within competent, quartz-rich layers that have been folded into antiformal geometries within the structural corridor. Historical drilling intersected 105.30 m at 0.51 g/t Au from 88.0 m, including 24.07 m at 1.57 g/t Au in DDH-11-18*. This refined, fold-controlled model provides a focused framework for targeting higher-grade shoots within deformed, quartz-rich horizons.

*These results are historical in nature, have not been independently verified by the Company, and should not be relied upon as a current estimate of mineralization.

About Flow Metals

Flow Metals group has maintained an active presence in the Yukon since 2018, building deep technical expertise and local relationships across the territory. Flow Metals has established a trusted network of experienced contractors and strong working relationships with both territorial and First Nation governments, providing the Company with a solid foundation to efficiently advance exploration projects in the North.

Qualified Person

Harley Slade, P. Geo., is the Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects and has reviewed and approved the technical information contained in this news release. Mr. Slade is Flow Metals Vice President of Exploration and a director of the Company.

Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding: the completion of the transaction contemplated by the Option Agreement, including the timing of, and the Company’s ability to obtain, all required approvals; the Company’s ability to satisfy the conditions required to earn its interest in the Monster Project and the timing of any option payments, share issuances, milestone payments or other consideration; the exploration potential of the Monster Project and the Sixtymile Project; the Company’s planned exploration and development activities, including the scope, timing and results of future work programs and any future drilling; and other future plans, expectations, objectives or intentions of the Company.

Forward-looking information is based on assumptions that the Company believes are reasonable as of the date hereof, including assumptions regarding: the parties’ ability to satisfy the terms and conditions of the Option Agreement; the receipt of all required regulatory, third-party and exchange approvals, as applicable; the Company’s ability to obtain financing on acceptable terms, as required, to fund future exploration and development; the Company’s ability to access the properties and carry out planned work programs; the availability of contractors, equipment and other resources required to conduct exploration activities; and general business, economic and commodity price conditions.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, among others: the risk that required approvals may not be obtained on a timely basis or at all; the risk that the transaction contemplated by the Option Agreement may not be completed as contemplated or at all; the risk that the Company may not satisfy the conditions required to earn its interest in the Monster Project; risks inherent in exploration and development, including that exploration results may not be indicative of future results; operational and technical risks; changes in project parameters as plans continue to be refined; commodity price fluctuations; market volatility; and other risks described in the Company’s public disclosure documents available under the Company’s profile on SEDAR+.

Readers are cautioned not to place undue reliance on forward-looking information. All forward-looking information contained in this release is made as of the date of this release, and the Company disclaims any intent or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283352