A historically drilled gold project in Quebec's Abitibi Greenstone Belt. 4,400 hectares, 100% owned, acquired from Wallbridge Mining. Fully funded 30,000-metre drill program underway. Maiden NI 43-101 mineral resource estimate targeted Q3 2026.
The A Zone gold grade shell (>0.2 g/t Au) in plan and cross-section. The 2025 Phase 1 holes are overlaid on the historical drill pattern. The cross-section illustrates vertical continuity of mineralization interpreted from the historical and current drill data.
Figures depict historical and current drill data; mineralized envelope is interpretive. All historical resources are non-CIM-compliant; see Historical Resource Cautionary below and most recent press release for full disclosure.
Advanced-stage gold exploration project with a substantial historical drilling dataset, excellent infrastructure, and all permits in hand.
Sources: property distances verified against GESTIM Quebec claim registry; Vezza mine past-producer status via Vior Inc. Vezza-Noyard project page (current adjacent claim-holder); Casa Berardi operator disclosure via Orezone Gold Jan 26, 2026 PR and Hecla Mining 2024 R&R tables; Wallbridge Mining divestiture of N2 via SEDAR+ issuer profile. Adjacent-property information has not been verified by the Qualified Person and is not indicative of mineralization on the Company's property.
N2 sits within a 200+ km regional gold corridor in Quebec's Abitibi Greenstone Belt. The Vezza gold mine headframe is 1.5 km west. The Casa Berardi mine, 50 km west, was acquired by Orezone Gold from Hecla Mining in January 2026 for US$352 million upfront consideration.
Sources: Casa Berardi transaction — Orezone Gold news release, Jan 26, 2026; reserves context — Hecla Mining 2024 R&R tables. Vezza mine — past-producing status confirmed by Vior Inc. Vezza-Noyard project page, current adjacent claim-holder. Abitibi regional production — compilation sources. Adjacent-property information has not been verified by the Qualified Person and is not indicative of mineralization on the Company's property.
Phase 1: ~15,000m targeting A Zone and RJ Zone. Maiden NI 43-101 MRE targeted Q3 2026.
Each zone remains documented along strike and at depth. Only ~35% of A Zone strike has been drilled historically. The deepest hole on the property reached 682 m.
Phase 1 drilling is focused on the two historically mineralized zones with the most extensive historical drill data: the near-surface A Zone, and the high-grade RJ Zone vein system.
Largest of the six zones. Mineralization up to 85 m wide starting near surface. The primary focus of current drilling.
Narrow-vein high-grade system. Historical intercepts reported by prior operators include 51 g/t Au over 0.8 m and 16.5 g/t Au over 3.5 m (Guy, K., 1991, Total Energold; filed at Quebec MRNF GM 52792). Drilled historically to 682 m.
N2 is not a new discovery. It is a known gold system that has been worked intermittently since the early 1980s by some of Canada's most experienced operators.
Sources: pre-2025 historical operator activity (Minnova, Cyprus Canada, Agnico-Eagle, Balmoral Resources, Wallbridge Mining) documented in the source historical reports — Needham, B., 1994, 1993 Diamond Drill Report, Northway Joint Venture (Cyprus Canada Inc.) and Guy, K., 1991 (Total Energold), filed as Quebec MRNF assessment GM 52792. Agnico Eagle 2007-2009 N2-area exploration program reported in Agnico Eagle's SEDAR+ public filings and Vezza-area assessment filings. Balmoral Resources property-wide geophysical work filed as Quebec MRNF assessment work. Historical information has not been verified by the Qualified Person and is not treated as current mineral resources or reserves.
Five Phase 1 holes released to date — all returning results consistent with or exceeding historical averages. Pinch-and-swell morphology across an 8 km corridor with widths from 20 to 61 metres. 20 additional holes pending assay.
Mineralized intervals composited at 0.2 g/t Au cutoff. True width approximately 87% of core length. Results are reported as released in NI 43-101-compliant press releases dated February 12 and February 24, 2026. Past results are not necessarily indicative of future results.
The fully funded 30,000-metre program is designed to generate modern assay data from the historically mineralized zones at the N2 Project and to test the remaining unexplored ground along the 8 km structural corridor. All permits in hand.
A future mineral resource estimate, if any, will be prepared by an independent qualified person in accordance with current CIM Definition Standards following completion of the drill program. The Company is not treating any historical estimate as a current mineral resource or mineral reserve.
A historically drilled gold system in the Abitibi with meaningful untested strike and depth, progressing toward a maiden NI 43-101 mineral resource estimate.
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Historical Estimate Cautionary: The historical estimate of approximately 871,000 oz Au referenced on this page comprises approximately 18 Mt grading 1.4 g/t Au (~810,000 oz Au) across the A, East, RJE and South Zones (Needham, B., 1994, Cyprus Canada Inc.; 492 pages), plus approximately 243 Kt grading 7.82 g/t Au (~61,000 oz Au) at the RJ Zone (Guy, K., 1991, Total Energold; 227 pages). Primary source of record: Quebec MRNF assessment filing GM 52792. The historical estimates were prepared prior to the adoption of the current CIM Definition Standards for Mineral Resources and Mineral Reserves and do not conform to those standards. Key parameters applied by the original authors to all five zones with historical estimates include a 0.5 g/t Au cut-off and a 2.5 m minimum mining width. Pre-1994 Cyprus work underlying the historical estimate totalled approximately 160 diamond drill holes and 24,714 metres; the broader property inventory of 236 drill holes and 55,517 metres referenced elsewhere on this page includes post-1994 drilling (notably Agnico-Eagle 2007-2009 work at the RJ hanging wall) which is not included in the historical estimate. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves. The Company is not treating the historical estimates as current mineral resources or mineral reserves. Significant work, including data compilation, re-drilling, verification sampling and qualified person review, is required before the historical estimates could be considered as current mineral resources under current CIM Definition Standards. The Company has not defined any current mineral resources or mineral reserves on the N2 Gold Project.
Adjacent Properties: References to mineralization, deposits, mines, production, or resources on adjacent or nearby properties (including Vezza, Casa Berardi, and Douay) are for geological context only and are not indicative of mineralization on the Company's properties. The Qualified Person has not verified information disclosed by adjacent property operators.
Adjacent Property Sources: 1 Orezone Gold Inc. news release, January 26, 2026 (acquisition of Casa Berardi); Hecla Mining 2024 Reserves & Resources tables. 2 Abitibi belt historical production per compilation sources. 3 Vezza mine status confirmed by Vior Inc. Vezza-Noyard project page, current adjacent claim-holder. The Qualified Person has not verified the information disclosed by these third parties.
Qualified Person: The technical content of this page has been reviewed and approved by Mr. Babak V. Azar, P.Geo., géo (OGQ#10876), a Qualified Person as defined under National Instrument 43-101. Mr. Azar is not independent of the Company within the meaning of NI 43-101 s.1.5; independence of the Qualified Person is not required for this website content.
Forward-Looking Statements: This page contains forward-looking information within the meaning of applicable Canadian securities legislation, including statements regarding: (i) the timing, scope and outcomes of the Company's drill programs at the N2 Gold Project; (ii) the targeted Q3 2026 completion of a maiden NI 43-101 mineral resource estimate; (iii) anticipated assay results from holes pending assay; (iv) interpreted continuity of mineralization based on historical and current drill data; and (v) the Company's stated working capital, capital structure, and corporate plans. These statements are based on assumptions including continued operation of the Company's drill rigs, timely receipt of assay results from independent laboratories, continued availability of qualified personnel, stable commodity prices, and the absence of material delays in permitting or operations. Material risk factors that could cause actual results to differ materially include commodity price fluctuations, exploration risks (including that drilling may not confirm historically reported mineralization), financing risks, permitting and environmental risks, geopolitical risks, and the inherently speculative nature of mineral exploration. Forward-looking statements speak only as of the date of publication. The Company undertakes no obligation to update forward-looking statements except as required by law.