Lode Gold Resources Inc (TSXV: LOD,OTC:LODFF) (OTCQB: LODFF) (‘LOD.V’ and ‘Lode Gold’) and its wholly owned subsidiary Fremont Gold LLC (‘Freemont’), have successfully completed the transfer of the Mine Safety and Health Administration (‘MSHA’) property MSHA individual identification number (‘MIIN’) for its wholly owned Pine Tree Josephine Mine.

This is a critical step toward reviving one of California’s most historically significant gold operations. Fremont is now in active discussions with prospective partners and investors to align the right technical, operational, and financial resources to bring the Pine Tree Josephine Mine (‘Freemont Mine’) back into production in a safe, sustainable, and profitable manner.

The transfer of the MIIN is a key regulatory milestone which ensures that the Company’s ownership and operational control of the Freemont Mine, a historically productive gold property with significant past production, are fully recognized by MSHA, paving the way for the next stage of its development and reactivation plans.

Upcoming catalysts for Lode at Fremont after this milestone are:

– 2025: channel sampling and drilling to upgrade resources to M&I (Measures and Indicated) based on NI 43-101 standards
– 2026: completion of PFS (Pre-Feasibility Study) engineering and metallurgy studies

About Lode Gold

Lode Gold is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In the United States, the Company is focused on its advanced exploration and development asset, the Fremont Mine in Mariposa, California. It has a recent 2025 NI 43-101 report and compliant Mineral Resource Estimate (‘MRE’) that can be accessed here https://lode-gold.com/project/freemont-gold-usa/

The Fremont Mine was previously mined until operations ceased due to mining prohibitions during WWII when its mining license was suspended. Only 8% of the resource identified in the 2025 MRE has been extracted. The Freemont Mine has exploration upside and mineralization is open at depth (three step-out holes at 1,300 meters hit structure and were mineralized) and on strike. This is a brownfield project with over 43,000 meters drilled, 23 kilometers of underground workings and 14 adits. The project has excellent infrastructure and is close to electricity, water, roads, railhead and port.

Recently, the Company completed an internal scoping study, with a strategic pivot to 100% underground mining. Previously, in March 2023, the Company completed an NI 43-101 Preliminary Economic Assessment (‘PEA’) with an open pit and underground combination mine. The NI 43-101 technical reports are available on the Company’s profile on SEDAR+ (www.sedarplus.ca) and the Company’s website (www.lode-gold.com)

In Canada, its Golden Culvert and WIN projects in Yukon, covering 99.5 square kilometres across a 27-kilometre strike length, are situated in a district-scale, high-grade gold mineralized trend within the southern portion of the Tombstone gold belt. A total of four RIRGS targets have been confirmed on the property. A National Instrument 43-101 technical report has been completed in May, 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co., consisting of an area that spans 445 square kilometres and a 44-kilometre strike. McIntyre Brook covers 111 square kiloimetres and a 17-kilometre strike in the emerging Appalachian/Iapetus gold belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold’s Queensway project. Riley Brook is a 335-square-kilometre package covering a 26-kilometre strike of Wapske formation with its numerous felsic units. An NI 43-101 technical report has been completed in August, 2024.

ON BEHALF OF THE COMPANY

Wendy T. Chan
CEO & Director

Cautionary Statement Regarding Forward-Looking Information

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 release.

This news release includes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the use of proceeds, advancement and completion of resource calculation, feasibility studies, and exploration plans and targets. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as ‘anticipate’, ‘believe’, ‘plan’, ‘estimate’, ‘expect’, ‘potential’, ‘target’, ‘budget’ and ‘intend’ and statements that an event or result ‘may’, ‘will’, ‘should’, ‘could’ or ‘might’ occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: the status of community relations and the security situation on site; general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company’s interpretation of drill results; the geology, grade and continuity of the Company’s mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; currency fluctuations; and impact of the COVID-19 pandemic.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include a deterioration of security on site or actions by the local community that inhibits access and/or the ability to productively work on site, actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, unknown impact related to potential business disruptions stemming from the COVID-19 outbreak, or another infectious illness, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described under the heading ‘Risks and Uncertainties’ in the Company’s most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265664

(TheNewswire)

‘As at the historic Pinos Cuates mine (see news releases for June 2 and July 22, 2025 ), the existing underground workings at Dos de Mayo are giving us an important understanding of the nature of the gold-silver mineralization at El Potrero,’ stated Robert Archer, Pinnacle’s President & CEO.  ‘What we are seeing is consistent with these low-sulphidation epithermal systems, where pockets of high-grade mineralization (called ‘clavos’ in Mexico) occur within a defined horizon, likely consistent with the ‘boiling zone’ of the hydrothermal fluids.  At both mines, the ‘main’ level appears to have been the haulage level as they are mostly unmineralized, although sporadic higher-grade assays were received.  Despite the lack of historic production records, it seems likely that the haulage levels were constructed below, and outside of, the mineralized horizon.

It is important to note that sample lengths do not represent the width of the vein or the extent of the mineralization.  They are simply the composite lengths of the individual channels sampled end-to-end and may be taken at any angle to the trend of mineralization, depending upon what is exposed underground.  While the systematic and close-spaced nature of the sampling does give a representative characterization of the mineralization, the full extent of this particular clavo, as at Pinos Cuates, is as yet unknown and will require drilling to determine.

On a larger scale, the underground sampling is providing crucial information to better understand the distribution of gold and silver mineralization such that we can correlate with the surface sampling within the collective 500 metre strike length of the historic mines and then extrapolate along the entire 1,600 metre strike length that we have defined to date.  We are currently in the planning stages for an underground drilling program at all three main mines that will effectively be delineation drilling on a fairly detailed scale.  Further information on that will be released in due course.’

Of the 53 channel samples taken in the raise, grades ranged from 0.061 to 27.6 g/t Au and 8 to 366 g/t Ag.  An additional 146 channel samples were taken on the main level at Dos de Mayo and, as noted above, values were mostly less than 1 g/t Au as this is considered to be outside of the mineralized horizon.  On a sublevel, approximately 25.5 metres above, and connected to, the main level, 42 channel samples were taken, in 9 composites, highlighted by 10.99 g/t Au and 61 g/t Ag over 0.9 metres and 4.22 g/t Au and 40 g/t Ag over 0.6 metres .  It is not yet fully understood how the sublevel is positioned relative to the mineralized zone.

Table 1: Composite Channel Assays – Dos de Mayo Raise

All samples were assayed for gold, silver and a suite of 32 other elements, including copper, lead and zinc.  However, the base metal assays were consistently low, confirming that this is a precious metal dominant system.

The Dos de Mayo mine is the southeasterly of three historic mines along a 500 metre strike length on the Dos de Mayo vein system on the Potrero property.  Underground sampling is now continuing at La Dura mine to the northwest.  The vein system has been traced on surface for 1,600 metres and there are other parallel and splay veins that are being further defined and evaluated as the property has never been systematically explored.  The mine workings have now been accurately surveyed and individual 3D models are being created for each mine in Leapfrog.

QA/QC

The technical results contained in this news release have been reported in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (‘NI 43-101’).  Pinnacle has implemented industry standard practices for sample preparation, security and analysis given the stage of the Project.  This has included common industry QA/QC procedures to monitor the quality of the assay database, including inserting certified reference material samples and blank samples into sample batches on a predetermined frequency basis.

The systematic chip channel sampling was completed across exposed mineralized structures using a hammer and maul.  The protocol for sample lengths established that they were not longer than two metres or shorter than 0.3 metres.  The veins tend to be steeply dipping to vertical, and so these samples are reasonably close to representing the true widths of the structures.  Samples were collected along the structural strike or oblique to the main structural trend.

All samples were bagged in pre-numbered plastic bags; each bag had a numbered tag inside and were tied off with adhesive tape and then bulk bagged in rice bags in batches not to exceed 40 kg.  They were then numbered, and batch bags were tied off with plastic ties and delivered directly to the SGS laboratory facility in Durango, Mexico for preparation and analysis.  The lab is accredited to ISO/IEC 17025:2017.  All Samples were delivered in person by the contract geologist who conducted the sampling under the supervision of the QP.

SGS sample preparation code G_PRP89 including weight determination, crushing, drying, splitting, and pulverizing was used following industry best practices where all samples were crushed to 75% less than 2 mm, riffle split off 250 g, pulverized split to >85% passing 75 microns (μm).  All samples were analyzed for gold using code GA_FAA30V5 with a Fire Assay determination on 30g samples with an Atomic Absorption Spectography finish.  An ICP-OES analysis package (Inductively Coupled Plasma – Optical Emission Spectrometry) including 33 elements and 4-acid digestion was performed (code GE_ICP40Q12) to determine Ag, Zn, Pb, Cu and other elements.

Qualified Person

Mr. Jorge Ortega, P. Geo, a Qualified Person, and independent from Pinnacle, as defined by National Instrument 43-101, and the author of the NI 43-101 Technical Report for the Potrero Project, has reviewed, verified and approved for disclosure the technical information contained in this news release.

About the Potrero Property

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ciénega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver).

High-grade gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length.  The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential.

A previously operational 100 tpd plant on site can be refurbished / rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres.  Surface rights covering the plant and mine area are privately owned (no community issues).

Pinnacle will earn an initial 50% interest immediately upon commencing production.  The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR.  If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company.

About Pinnacle Silver and Gold Corp.

Pinnacle is focused on district-scale exploration for precious metals in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production . In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long -term , sustainable value for shareholders.

Signed: ‘Robert A. Archer’

President & CEO

For further information contact :

Email: info@pinnaclesilverandgold.com

Tel.:  +1 (877) 271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

Copyright (c) 2025 TheNewswire – All rights reserved.

FN Media Group News Commentary – Industry experts project that the global critical minerals market will continue maintaining substantial growth as it has in recent years. The global critical minerals market is experiencing unprecedented growth, primarily driven by the accelerating transition to clean energy technologies. According to the International Energy Agency (IEA), the market size of key energy transition minerals doubled over the past five years, aligning closely with the market size for iron ore mining. This surge is largely attributed to the tripling of lithium demand, a 70% increase in cobalt demand, and a 40% rise in nickel demand between 2017 and 2022, with clean energy applications accounting for significant portions of this demand. The sustainability of the global critical minerals market is increasingly influenced by governmental initiatives aimed at reducing environmental impact and enhancing resource efficiency. A recent report from DataM Intelligence projected that Critical Minerals Market Size reached US$ 328.19 billion in 2024 and is expected to reach US$ 586.63 billion by 2032, growing with a CAGR of 7.53% during the forecast period 2025-2032. The report said: ‘A notable trend in the critical minerals market is the increasing investment in mineral development, which witnessed a 30% rise in 2022 following a 20% increase in 2021. Lithium saw the sharpest investment increase at 50%, followed by copper and nickel. This investment surge is a response to the soaring demand for minerals like lithium, cobalt, nickel, and copper, driven by the deployment of clean energy technologies such as electric vehicles, wind turbines, and solar panels.’ Active companies in the markets this week include: SAGA Metals Corp. (OTCQB: SAGMF) (TSX-V: SAGA), TMC the metals company Inc. (NASDAQ: TMC), Critical Metals Corp. (NASDAQ: CRML), Rio Tinto Group (NYSE: RIO), Empire Metals Limited (OTCQX: EPMLF) (LON: EEE).

DataM Intelligence continued: ‘The rising demand for energy transition technologies, such as electric vehicles (EVs) and renewable energy systems, is significantly driving the critical minerals market. According to the International Energy Agency (IEA), mineral demand for clean energy technologies is projected to nearly quadruple by 2040, reaching close to 40 million tonnes annually. In the scenario, lithium demand is expected to increase ninefold, while copper demand will see the largest absolute growth due to its essential role in electrification. Currently, clean energy applications account for over 40% of total demand for copper and rare earth elements, 60–70% for nickel and cobalt, and nearly 90% for lithium.’

SAGA Metals Corp. (TSX-V: SAGA) (OTCQB: SAGMF) Announces Initiation of Equity Analyst Coverage by Alphabridge Group with Outperform Rating – SAGA Metals Corp (FSE: 20H) (‘SAGA’ or the ‘Company’), a North American exploration company focused on critical mineral discovery, is pleased to announce that it has received initiation of equity analyst coverage by Alphabridge Group Inc. (‘Alphabridge’), a leading independent corporate finance advisory and research firm specializing in small and mid-cap companies with an outperform rating.

Alphabridge, based in Vancouver, Canada, is a corporate finance advisory firm that partners with growth companies to deliver strategic financial leadership across mergers & acquisitions (M&A), capital raising, valuation, and CFO services. In addition to its advisory practice, Alphabridge operates a dedicated equity research arm that focuses on providing independent coverage for companies operating at pivotal stages of development with significant growth potential. Alphabridge’s research is distributed through major institutional platforms, including S&P Capital IQ, FactSet, AlphaSense, and Thomson Eikon, as well as its newsletter with over 2,000 subscribers. Their coverage of Saga Metals is expected to highlight the Company’s strategic focus on its flagship Radar Ti-V-Fe Project in Labrador, Canada, and its emerging portfolio of critical mineral assets.

Their initiation report on Saga Metals, dated September 8, 2025, titled ‘Saga Metals Corp. (TSX.V: SAGA) – Initiating Coverage – Well-Positioned for the Critical Minerals Supercycle,’ underscores the Company’s potential to deliver value through its titanium-vanadium project.

The research report is available to view or to download from the firm’s websites: https://alphabridge.co/download-saga-metals-equity-research-report/ or upon written request sent to Alphabridge.

Alphabridge Group Inc.

Analyst: Vasant Jain, CFA

Email: vasant@alphabridge.co

Website: www.alphabridge.co

In addition, the research report will be disseminated through various third-party websites and major institutional platforms as outlined above. Investors are encouraged to review the reports for detailed insights into Saga Metals’ projects and growth strategy. Alphabridge’s Initiation Research Report includes a third-party independent review of Saga Metals, an Enterprise Valuation Analysis and a Share Price Target completed by Alphabridge’s analyst, Vasant Jain, CFA. The opinions expressed in the Research Report referenced above are the true opinions of the analyst about Saga Metals and its industry. CONTINUED … Read this full press release and more news for SAGA Metals at: https://sagametals.com/corporate-news/

Other recent developments in the mining industries of note include:

TMC the metals company Inc. (NASDAQ: TMC) , a leading developer of the world’s largest estimated undeveloped resource of critical metals essential to energy, defense, manufacturing and infrastructure, recently provided a corporate update and second quarter results for the period ending June 30, 2025.

Q2 2025 Financial Highlights Were: Total cash of approximately $115.8 million at June 30, 2025; $10.6 million cash used in operations for the quarter ended June 30, 2025; and Operating loss of $22 million, net loss of $74.3 million and net loss per share of $0.20 for the quarter ended June 30, 2025

TMC Chairman and CEO Gerard Barron commented: ‘The publication of our PFS for the NORI-D Project marks a defining moment for TMC—showing the potential of a clear, capital-efficient path to first production. Alongside our Initial Assessment of the broader NORI and TOML resource areas, these studies underscore the scale and durability of our portfolio, with a combined NPV of $23.6 billion. The strategic investment from Korea Zinc—one of the few companies outside China capable of refining our intermediate materials at scale—further strengthens our route to market. We also renewed our partnerships with Nauru and Tonga—reaffirming our commitment to delivering lasting benefits for Pacific nations.’

Critical Metals Corp. (NASDAQ: CRML) , a leading critical minerals mining company, recently announced for the first time three new assay results from the 2024 diamond drill hole program at the Fjord Deposit at the Tanbreez Rare Earth Project in Greenland.

Highlights – 2024 New Diamond Drill Hole Results Were: Consistent high-grade rare earth mineralization intersected in all four reported holes, with Total Rare Earth Oxide (TREO) grades between 0.40% and 0.42%; High proportion of heavy rare earth oxides (HREO) ~26% of TREO, reinforcing the deposit’s potential strategic value; Significant zirconium oxide (ZrO₂) grades of 1.57–1.58% across all holes; Gallium oxide (Ga₂O₃) assays between 93–99 ppm, providing a potential additional economic credit; All holes drilled vertically (-90°) through sub-horizontal, stratiform kakortokite layers, intersecting mineralisation at approximately true thicknesses.

Mineralisation remains open at depth in all reported holes; Drilling confirms continuity of grade and mineralogy across multiple sections of the Fjord Deposit, consistent with historical data; All the drill holes were collared within the Fjord Deposit with 23.6MT @ 0.42% TREO Maiden Mineral Resource; and The holes are part of the ongoing 2024–2025 Fjord Resource Upgrade program, with over 1900 m drilled to date in 2025 and further assays pending.

Rio Tinto Group (NYSE: RIO) recently announced a new operating model and executive team to shape the company’s next chapter. The changes simplify and streamline the organization to drive greater accountability and safe, sustainable, profitable growth through focusing on the most compelling opportunities to deliver long-term shareholder value.

Effective immediately, Rio Tinto will simplify its product group structure to three world-class businesses: Iron Ore; Aluminum & Lithium; and Copper. This focused structure and leadership positions each business to deliver excellence for customers and maximize competitive advantages and growth potential, while benefitting from the diversified group.

The Iron Ore product group will bring together all of Rio Tinto’s iron ore operations under the leadership of Matthew Holcz, who has been appointed Chief Executive Iron Ore. The unified portfolio will integrate Rio Tinto’s Western Australian Iron Ore operations with the Iron Ore Company of Canada and the Simandou project in Guinea upon its completion. This will combine the proven performance of the company’s established Iron Ore operations with the potential of Simandou, sharing safety best practices, cutting-edge technologies and operational experience across the entire Iron Ore portfolio to create an even stronger global business.

Empire Metals Limited (OTCQX: EPMLF) (LON: EEE), the resource exploration and development company, recently announced its interim results for the six-month period ended 30 June 2025.

Highlights:

• Pitfield confirmed as the world’s most significant new titanium discovery, with unparalleled scale, consistency of high-grade and purity.
• Largest drilling campaign to date launched at the Thomas Prospect delivered outstanding results and identified a large high-grade near-surface core, averaging ~6% TiO₂ over a continuous 3.6km strike.
• Metallurgical testwork achieved a 99.25% TiO₂ product, demonstrating a highly efficient and potentially lower-cost processing route.
• Process development work has confirmed that Pitfield’s weathered ore is ideally suited to conventional mineral separation and refining, differentiating it from ilmenite-based projects which typically face lower recoveries, higher costs, and significant environmental challenges.
• Maiden Mineral Resource Estimate (‘MRE’) on track for release in the coming weeks.
• £4.5m raised in May 2025 to accelerate Pitfield development, with strong institutional support.
• Further strengthening of board and technicial team with appointment of Phil Brumit as Non-Executive Director, Alan Rubio as Study Manager and Pocholo Aviso as Hydro-metallurgist.
• Commenced US trading on the OTCQX in the US, broadening international investor access.

Shaun Bunn, Managing Director, commented: ‘The first half of 2025 has been a period of remarkable activity and momentum for Empire. Pitfield is no longer just a discovery story – it is fast becoming recognized as a project of global importance, with results that continue to exceed expectations. Our drilling campaigns have delivered some of the highest TiO₂ grades we’ve seen to date, confirming not only the exceptional quality of the deposit but also its scale consistency and simplicity.

‘It is also encouraging to see the strength of market support for what we are building and I am confident that Empire can bring this once-in-a-lifetime discovery to commercial fruition in an expedient manner. With a world-class asset, a strengthened technical team, and strong financial backing, we are exceptionally well positioned for the next phase of growth.’

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DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated forty five hundred dollars for news coverage of the current press releases issued by SAGA Metals Corp. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

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Sranan Gold Corp. (CSE: SRAN) (FSE: P84) (Tradegate: P84) (‘Sranan’ or the ‘Company’) announces further high-grade channel samples from its ongoing trenching program at the Tapanahony Project in Suriname. The sampling is being conducted concurrently with diamond core drilling at the Randy trend on the project. An interval of 5 metres that averaged 8.9 gramstonne (gt)* gold was mapped and sampled (see Table 1). The trench is west of the previously announced trench 25RACH-001 (see news release dated August 7, 2025). Trenching is being used to extend mineralization at Randy’s Pit as well as the area of historical drilling by Iamgold. This trench is the western extension of previously sampled zones 150 metres south of Randy’s Pit (see Figure 1).

Mineralization is hosted within northeast striking sheared felsic intrusive lithologies within a siltstone-basalt sequence encountered at Randy’s Pit. This northeast-oriented mineralized interval is parallel to similar shears in trench 25RACH-002, where a grab sample of 57 g/t was taken. Trenches are being excavated south of Randy’s Pit to extend the Randy’s Pit mineralized corridor for future drilling. The observation of northeast shearing is further evidence of the complexity of the mineralized system, which is positive for gold mineralization.

Table 1: Mineralized zone in trench 25RACH-005.

*Cutoff of 1 g/t

Dr. Dennis LaPoint, EVP of Exploration and Corporate Development, commented: ‘Trenching is the ideal tool to continue to extend the near surface expression of gold mineralized on the Randy trend. Trenches are selected based on topography and geology to best sample saprolite (weathered bedrock). For this trench, we are resampling the mineralized interval and adjoining channel samples to verify results and understand assay variability.’

Figure 1: Recent drone image looking down eastward showing ongoing trenching on the Randy trend.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10997/265575_43753fbbb44e38cf_001full.jpg

Samples were prepared and assayed by Filab in Paramaribo, Suriname. All samples >2 g/t were re-assayed with 50-gram re-assay and gravimetric assay. Standard QA/QC procedures were followed which showed a satisfactory level of reproducibility. Reject samples will be sent to an independent lab for confirmation of assay results following standard procedures. Channel sampling, trenching and drilling are used to determine average grade and thickness. The Company notes that the channel samples may not represent true thickness of mineralization.

About Sranan Gold

Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The highly prospective Tapanahony Project is located in the heart of Suriname’s modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and largest small-scale mining areas of Suriname.

Sranan Gold also owns the Aida Property consisting of five mineral claims within the Kamloops Mining Division in British Columbia, Canada.

For more information, visit sranangold.com.

Qualified Person

Dr. Dennis J. LaPoint, Ph.D., P.Geo. a ‘qualified person’ as defined under National Instrument 43‐101, has reviewed and approved the scientific and technical information in this release. Dr. LaPoint is not independent of Sranan Gold, as he is the Company’s EVP of Exploration and Corporate Development.

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

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. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265575

–Well-Positioned for the Critical Minerals Supercycle–

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce that it has received initiation of equity analyst coverage by Alphabridge Group Inc. (‘Alphabridge’), a leading independent corporate finance advisory and research firm specializing in small and mid-cap companies with an outperform rating.

Alphabridge, based in Vancouver, Canada, is a corporate finance advisory firm that partners with growth companies to deliver strategic financial leadership across mergers & acquisitions (M&A), capital raising, valuation, and CFO services. In addition to its advisory practice, Alphabridge operates a dedicated equity research arm that focuses on providing independent coverage for companies operating at pivotal stages of development with significant growth potential. Alphabridge’s research is distributed through major institutional platforms, including S&P Capital IQ, FactSet, AlphaSense, and Thomson Eikon, as well as its newsletter with over 2,000 subscribers. Their coverage of Saga Metals is expected to highlight the Company’s strategic focus on its flagship Radar Ti-V-Fe Project in Labrador, Canada, and its emerging portfolio of critical mineral assets.

Their initiation report on Saga Metals, dated September 8, 2025, titled ‘Saga Metals Corp. (TSX.V: SAGA) – Initiating Coverage – Well-Positioned for the Critical Minerals Supercycle,’ underscores the Company’s potential to deliver value through its titanium-vanadium project.

The research report is available to view or to download from the firm’s websites: https://alphabridge.co/download-saga-metals-equity-research-report/ or upon written request sent to Alphabridge.

Alphabridge Group Inc.
Analyst: Vasant Jain, CFA
Email: vasant@alphabridge.co
Website: www.alphabridge.co

In addition, the research report will be disseminated through various third-party websites and major institutional platforms as outlined above.

Investors are encouraged to review the reports for detailed insights into Saga Metals’ projects and growth strategy. Alphabridge’s Initiation Research Report includes a third-party independent review of Saga Metals, an Enterprise Valuation Analysis and a Share Price Target completed by Alphabridge’s analyst, Vasant Jain, CFA.

The opinions expressed in the Research Report referenced above are the true opinions of the analyst about Saga Metals and its industry. Any ‘forward-looking statements’ are Alphabridge’s best estimates and opinions based upon information that is publicly available and that analysts believe to be correct but have not independently verified with respect to truth or correctness. There is no guarantee that the analyst’s forecasts will materialize. Actual results will likely vary. The analyst and Alphabridge do not own any shares of Saga Metals, do not make a market or offer shares for sale of Saga Metals, and do not have any investment banking business with Saga Metals. Although the Company has paid a fee to Alphabridge to subsidize the high costs of research and monitoring (just as fees are paid to bond-rating agencies and auditors for their opinions), the Company is not responsible for the content, accuracy or timelines contained in an analyst’s report, and the fee was not dependent on the opinion provided. In addition, readers should be aware, and are cautioned, that opinions, estimates, or forecasts contained in research analyst reports are not subject to the requirements of Canadian National Instrument 43-101 ‘Standards of Disclosure for Mineral Projects’ (‘NI 43-101’) and have not received any endorsement or approval by Saga Metals. As such, Saga Metals does not imply or in any way represent that any of the reports, opinions, estimates, or forecasts regarding Saga Metals made by research analysts comply with NI 43-101 or represent the opinions or beliefs of Saga Metals or its management or representatives. In addition to information filed by Saga Metals as found on SEDAR+ (www.sedarplus.ca), readers should only refer to the technical report(s) of Saga Metals relating to its projects for information about the projects prepared in accordance with NI 43-101. Alphabridge takes steps to ensure independence, including setting fees in advance and utilizing analysts who must abide by the CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, Alphabridge analysts may not trade in any security under coverage. Alphabridge’s full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, Saga Metals has agreed to a minimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated.

About the Radar Ti-V-Fe Project in Labrador, Canada

The Radar Project, located 10 km from Cartwright in southeastern Labrador, covers 24,175 hectares and encompasses the Dykes River intrusive complex, a Mesoproterozoic layered mafic intrusion similar to globally significant AMCG suites. It resembles high-grade vanadiferous titanomagnetite (VTM) systems like China’s Panzhihua and Norway’s Tellnes deposits ^{1 , 2} . The project features a large oxide layering thickness spanning an inferred 20 km strike length, near-monomineralic VTM composition, and extensive tenures, positioning it as a potentially globally significant VTM source.

Figure 1: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill program in the Hawkeye zone. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is overlaid by ground-based geophysics as shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

The Company has completed a successful year of exploration activities, including geophysical surveys, a maiden drill campaign, geological mapping, petrographic analysis, and strategic infrastructure upgrades, which have significantly advanced the understanding of the property’s potential. The culmination of these activities has revealed that the oxide-rich layering is expressed as a magnetic high anomaly across a strike length of more than 20 km, forming the core of exploration within the Hawkeye and Trapper zones.

Figure 2: Radar Project’s prospective oxide layering zone extends for an inferred 20 km strike length, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs .

SAGA’s 2025 Winter Drill Program at Radar:

Saga Metals completed a maiden 2,209-meter, seven-hole diamond drill campaign in the Hawkeye Zone, guided by 3D magnetic inversion and VLF-EM results. Drilling intersected broad zones of titanomagnetite-rich oxide layering with consistent grades of TiO2, V2O5, and Fe. The program identified a 300-400 m thick Lower Cumulate Layer within a 600 m tested thickness of layered gabbronorite, featuring interlayered gabbronorite and semi-massive to massive VTM bands. Highest V2O5 grades were in the lower 100-200 m, with length-weighted VTM averages of 20-35%, comparable to economic ranges in similar intrusions. Petrographic analysis confirmed preserved magmatic textures, supporting a robust interpretation of their geochemistry. These findings have significant implications for potential metallurgical simplicity and recovery efficiency.

From our assay results, we know the titanomagnetite mineralization is accompanied by vanadium. Ilmenite is almost entirely present as inclusions in magnetite. Similar to the Panzhihua deposit in China, VTM is expected to be recovered as a V-Ti-Fe concentrate. Panzhihua is the world’s largest single-site producer of Fe–Ti–V magnetite ore, resulting in a significant production volume of 40–50% of global vanadium supply, making it #1 globally ² . The vertical integration of its production is primarily focused on the igneous layers of VTM.

In the case of Saga’s Radar project, the content of VTM is estimated from core observations and the modeling of the Hawkeye Zone 2025 drilling assay data. Pending are metallurgical tests to confirm the recoverable VTM and grades of concentrate.

Hawkeye Zone – Significant Drill Intersections

Maximum VTM is based on about a minimum 10 m interval
All intervals are within the Lower Cumulate Layer

Table 1: Lower Cumulate Layer highlighting the length of VTM intersections.

Table 2: Summary of Saga Metals Radar Project 2025 drill results on the Hawkeye zone with VTM calculation & classification

SAGA’s 2025 Summer Exploration Program at Radar:

Following drilling, Saga expanded geophysics in the Trapper and Northwest Zones, confirming a 3.3 km continuous magnetic anomaly in Trapper with readings up to 115,498 nT, open along strike. Infrastructure upgrades included clearing a logging road and building a 4 km access trail, enabling 504 square meters of trenching that exposed semi-massive and massive mineralization at the surface.

Figure 3: Radar Project’s Trapper Zone depicting a 3 km magnetic anomaly and oxide layering trend. The Trapper Trail (in black) will support a new diamond drilling program.

Community support remains a cornerstone of the Company’s operations in Labrador. In April 2025, the Town of Cartwright issued an official letter of support for SAGA and its ongoing exploration efforts at Radar. The Company has maintained a collaborative relationship with local stakeholders and engaged community members directly in field operations, exemplified by the involvement of Cartwright-based personnel in geophysical surveys and logistical operations. The town’s proximity to the project provides reliable all-season road access, deep-water port facilities, a regional airport, and close access to hydroelectric power infrastructure.

To strengthen technical governance and ensure compliance with National Instrument 43-101 standards, Saga appointed Paul J. McGuigan, P.Geo., as the Company’s Independent Qualified Person in June 2025. Mr. McGuigan brings over five decades of experience in layered mafic intrusions, deposit modeling, QA/QC, and resource classification methodologies. His oversight has reinforced the integrity of the exploration approach and supports the Company’s technical reporting as it advances toward resource delineation.

Looking ahead, Saga Metals is preparing for an expanded drilling program at the Trapper Zone, informed by inversion modeling and surface trenching results. The 2025 field campaigns will prioritize resource expansion, metallurgy sampling, and structural mapping to support a future mineral resource estimate.

Saga Metals Corp. remains committed to responsible exploration, strong community engagement, and the strategic development of critical metals that support decarbonization and energy security.

Qualified Person

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.

Saga Metals’ Corporate Video

Please find below Saga Metals’ corporate video, produced by Pinnacle Digest, providing an overview of the Company as well as highlighting the key characteristics and developments of the Radar Titanium-Vanadium-Iron (Ti-V-Fe) Project in Labrador, Canada.

A Media Snippet accompanying this announcement is available by clicking on this link.

_________________________

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

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

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/1dc926db-43f0-490b-b7f9-695da9edd0fc
https://www.globenewswire.com/NewsRoom/AttachmentNg/7dd16130-dd8e-44ce-99a8-e4e965ca6065
https://www.globenewswire.com/NewsRoom/AttachmentNg/38ea2e6a-4521-4ad3-9d1b-4b60353c75fd

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce it has awarded the contract for beginning the first environmental baseline studies for the Cadillac project and an initial evaluation of economic assessment of the past-producing Chimo mine tailings to Stantec, a global leader in sustainable design and engineering. The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization.

‘ These initial baseline studies will form a foundation for Cartier by providing a comprehensive understanding of the current environmental conditions and identifying potential impacts of future development planning of the Cadillac project. The results will help guide our advancing strategies in a responsible and sustainable manner, enabling the design and implementing operations that minimize environmental impact while optimizing the economic potential of the project . ‘ – Philippe Cloutier, President and CEO of Cartier.

‘ We continue to advance the Cadillac project with a dual-focus strategy: drilling an ambitious 100,000-meter drilling campaign that combines the extensions of known gold zones and the exploration of new high-priority targets, identified using cutting-edge AI technology through our collaboration with VRIFY and now launching of the foundational environmental baseline studies. These efforts will be conducted simultaneously, with the potential for additional work emerging as the project advances. ‘ – Ronan Deroff, Vice President Exploration of Cartier.

Below is the description of the different parts:

Part 1 – Environmental Baseline Desktop Study

The environmental desktop study aims to document and characterize the potential environmental constraints on the Cadillac project footprint. This approach identifies potential environmental issues, such as atmospheric conditions, surface and groundwater management, wetlands and natural environments, terrestrial, avian and aquatic fauna as well as land uses.

The approach consists of a rigorous document review that will allow for planning the future general development of the Cadillac project, identifying sensitive areas and minimizing environmental impacts. This first step will permit to plan a comprehensive field work as a next step to the environmental baseline studies. All the information will be sufficiently comprehensive to serve as a basis for drafting Chapter 20 of a possible update to the Preliminary Economic Assessment (PEA).

Part 2 – Preliminary Environmental Geochemical Characterization

The preliminary environmental geochemical characterization study aims to assess the potential geochemical risks of the waste rock and ore that will be extracted from the operations, as well as the tailings generated during ore processing.

In accordance with the criteria of the Guide de caractérisation des résidus miniers et du minerai (GCRMM), geochemical characterization is used to classify mining materials in terms of their acid generation and metal leaching potential. Static tests will be conducted on approximately fifty samples representative of the various lithologies present on the site to determine appropriate management methods for these materials, in accordance with the guidelines of Directive 019 of the Ministère de l’Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (MELCCFP).

Part 3 – Assessment of the economic assessment of the past-producing Chimo mine tailings

This assessment aims to determine whether economic recovery of the Chimo mine tailings is feasible, considering its geochemical, granulometric and metallurgical characteristics.

The study will consist of systematic sampling, with approximately fifty sample sites planned to cover the entire tailings facility. All required authorizations to perform the sampling will be obtained prior to the field work.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).

About Stantec

Stantec is a global leader in sustainable engineering, architecture, and environmental consulting. ​It empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. Stantec trades on the TSX and the NYSE under the symbol STN.

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district.

With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

Using a gold price of US$1,750/oz, a Preliminary Economic Assessment demonstrated the economic viability of a 2-km segment, compared to the 15 km that will be the subject of the 100,000 m drilling program, with an average annual gold production of 116,900 oz over a 9.7-year mine life. Indicated resources are estimated at 720,000 ounces (7.1 million tonnes at 3.1 g/t Au) and inferred resources at 1,633,000 ounces (18.5 million tonnes at 2.8 g/t Au). Please see the NI 43-101 ″Technical Report and Preliminary Economic Assessment for Chimo Mine and West Nordeau Gold Deposits, Chimo Mine and East Cadillac Properties, Quebec, Canada, Marc R. Beauvais, P.Eng., of InnovExplo Inc., Mr. Florent Baril of Bumigeme and Mr. Eric Sellars, P.Eng. of Responsible Mining Solutions″ effective May 29, 2023.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise, a track record of successful exploration, and a fully funded program to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

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

(TheNewswire)

S eptember 9, 2025 TheNewswire – Vancouver, British Columbia Blue Lagoon Resources Inc. (‘Blue Lagoon’ or the ‘Company’) (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to provide an update on its Dome Mountain Gold Project, where the Company is nearing final commissioning of its Moving Bed Biofilm Reactor (MBBR) water treatment system – the final step required before commencing blasting.

The Company expects the MBBR to be fully activated within the next 7 to 10 days , at which point the water treatment plant will be fully commissioned and blasting can begin. In the meantime, underground preparation work is scheduled to start this week to ensure the operation is fully ready for the start of mining.

Underground Work To Commence This Week

Work beginning this week includes:

• Establishing emergency egress exit points – ensuring all ladders are secure and viable.

• Bolt testing – testing approximately 10% of bolting as per the Ground Control Management Plan.

• Re-establishing the ventilation system – moving and wiring underground fans and ventilation ducts.

• Clearing and fortifying underground magazine storage units and purchasing explosives.

• Moving small waste piles to improve efficiency once blasting begins.

• Cleaning the underground sump.

• Drilling at the rollover to establish the first exposed ore face.

Once the MBBR system is commissioned (expected in the next 7 to 10 days), drilling and blasting will begin immediately at both the rollover and in the incline (development work).

‘We are now extremely close to begin mining,’ said Rana Vig, President & CEO of Blue Lagoon Resources. ‘The MBBR commissioning at Dome Mountain is the last remaining step before blasting can commence, and our crews are already underground preparing for operations. We expect to transition quickly into production and near-term cash flow once the system is online.’

To further strengthen its operational readiness, Blue Lagoon has added two experienced professionals to its team:

Michael Kendall – Underground Mine Supervisor

Mr. Kendall brings more than three decades of hands-on underground mining experience, with a proven track record of leading safe, efficient, and high-performing crews across some of Canada’s most notable operations, including Eskay Creek, Rice Lake, Myra Falls, Red Chris, and Minto.

• Former Underground Mine Manager at Fortis Mining and Underground Supervisor at Barminco (Red Chris).

• Extensive experience in mine planning, development, and production management, including recommissioning and optimization of underground operations.

• Recognized Mine Rescue Captain, with multiple provincial championships and decades of safety leadership.

Mr. Kendall’s deep operational knowledge and safety-first approach will be instrumental as Dome Mountain transitions from development into steady-state production.

Dr. Francis Salifu – Environmental Manager

The Company has also appointed an Environmental Manager, a seasoned professional with over 15 years of progressive experience in mining-sector environmental management, including more than five years in senior supervisory roles.

• PhD in Environmental Science.

• Expertise in ML/ARD mitigation, water quality and water balance modeling, and biochemical reactor (BCR) systems.

• Formerly with Conuma Resources, PwC, and the Alberta Energy Regulator, where they developed integrated environmental management programs and improved site compliance by more than 60%.

• Skilled in stakeholder engagement with regulators, consultants, and Indigenous communities, with a strong focus on sustainability and continuous improvement.

This appointment underscores Blue Lagoon’s commitment to the highest standards of environmental compliance and responsible mining as production begins.

‘As we prepare for mining and near-term cash flow, building the right team is critical,’ said Rana Vig, President & CEO of Blue Lagoon Resources. ‘Michael’s extensive underground experience and Francis’s proven leadership in sustainability both strengthen our operational readiness. These hires reinforce our commitment to safety, environmental stewardship, and efficient execution at Dome Mountain

About Blue Lagoon Resources Inc.

Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG,OTC:BLAGF; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 – one of only nine such permits issued in British Columbia since 2015 – Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company’s primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.

The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource.  The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.

For further information, please contact:

Rana Vig

President and CEO

Telephone: 604-218-4766

Email: rana@bllg.ca

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Statement Regarding Forward-Looking Information: This release includes certain statements that may be deemed ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the ‘Company’) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘targets’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’, ‘mine’, ‘production’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Although the Company 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions.  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. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s, contractor’s and consultants’ beliefs, estimates or opinions, or other factors, should change

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