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RUA GOLD Begins Drilling at Cumberland Target in the Reefton Goldfield, Following up on a 20.7m Intercept of 62g/t Gold

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (“Rua Gold” or the “Company”) is pleased to advise the commencement of drilling at the Cumberland gold camp drill target. This builds upon the integration of the VRIFY AI targeting and ranking process with RUA’s extensive geological database, as well as the consolidation of the Reefton Goldfield – an orogenic gold and antimony belt on the South Island of New Zealand.

Highlights:

  • The geological team have defined an initial drill program for 6 holes of depths ranging from 70m to 150m to be drilled from the first pad to define the structure of the Gallant lode.

  • Targets are following up on high grade historical intercepts that are at very shallow depths ranging from 30m to 60m.

  • Subsequent drilling will then systematically test the remainder of the Cumberland gold camp targeting the 7 historic mines in a 2.2km long north-northwest trending zone of quartz veins and shearing.

  • Historical drilling targeting the Gallant structure drilled 20.7m of quartz with individual 1m assays ranging from 0.15g/t gold to 1911g/t gold (60oz/t) using screen fire assay method.

  • Re-assaying the historical core using photon assay methods confirms the very high grade and nuggety nature of the gold mineralization.

  • Averaging the two sets of core assays confirm a 20.7m intersection assaying 62.2 g/t (2 oz/t) gold.

  • Modelling of the observed quartz veins and gold mineralisation intercepts interprets an 8m true width of the vein.

  • Initial drilling targets a 600m zone from the Gallant to the Sir Francis Drake historical workings (see figure 3 below), where quartz veins can be traced on surface in folded structurally complex greywacke-argillite host rocks.

  • The Cumberland structural zone has emerged as a standout target from the early stages of the Company application of the VRIFY AI tool.

Rua Gold has completed drilling of the Victoria lode within the Murray Creek mine camp and is now focusing on the Cumberland gold camp, a historic site located 3km south of Globe-Progress Mine. The Globe-Progress Mine has a rich history of production, with over 1 million ounces of gold produced (424,000 ounces prior to 1950 and an additional 665,000 ounces produced between 2007 and 2015 under OceanaGold).

Simon Henderson, COO of Rua Gold, commented, “The Gallant prospect represents the first VRIFY target to be drilled in 2025. With a history of compelling high-grade gold, it lies in structurally complex steeply folded sequence of rocks, is traceable on surface over 600m, and remains largely untested along strike and at depth. Located just 3km south of a major road and accessible via a 4WD track, Gallant has logistical simplicity for exploration and potential development.”

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Figure 1: Overview of the Reefton Goldfield

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THE PLAN

Based on the extensive surface exploration work and historical drilling, the Gallant lode in the Cumberland gold camp stands out as an exceptional high-grade target. Abandoned without rigorous testing following the completion of the Globe-Progress mining, it features quartz veins outcropping on surface within an envelope of strong gold-arsenic anomalism.

The Gallant lode has several exploratory holes drilled by OceanaGold 15 years ago, on a well-defined quartz vein at shallow depth (Table 1 in the appendix; Figure 2). The Company has re-assayed the historical core using photon assay methods, which confirmed the very high grade and nuggety nature of gold mineralization. Averaging the two sets of core assays confirms a 20.7 m intersection assaying 62.2 g/t (2oz/t) gold, with a modelled true width of 8m. Core orientation clearly demonstrates that this intersection drilled down the quartz reef exaggerating its width but provides for a compelling and prospective target for immediate follow-up.

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Figure 2: Gallant Cross Section

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THE HISTORY

The Cumberland gold camp comprises 7 historic mines in a 2 km long north-northwest trending zone of quartz veins and shearing. Historic production totaled 21,740oz gold at an average recovered grade of 26.1 g/t (see appendices).

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Figure 3: Map showing Cumberland historic mine camp

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VRIFY’S AI PLATFORM

The Company has partnered with VRIFY to onboard VRIFY’s AI-assisted mineral discovery platform to accelerate discovery, reduce costs and further de-risk exploration.

In conjunction with the consolidation of the Reefton Goldfield in November 2024, the Company implemented the VRIFY AI tool. Early in the AI training phase, Cumberland was identified as a standout target. The VRIFY team has assimilated geochemistry, drilling and geophysical data on an unprecedented scale and accuracy over the whole district, processing over 84GB of data, +170,000 data points, actively informing our 2025 drill targets for quicker project advancement and de-risking our work programs.

Rua Gold‘s data, unlocked through VRIFY’s Al-assisted mineral discovery platform. This AI-assisted data synthesis enabled Rua Gold to actively and effectively rank its 2025 drill targets, accelerating its project advancement and de-risking its work programs in a matter of minutes, a process that would have taken months, if performed manually.

ACCELERATED DISCOVERY

Rua Gold inherited thousands of data points from historic activity on its multiple mine sites and exploration work with the Reefton Goldfields. The ability to rapidly mine this existing data for new insights and targets, while incorporating recent work, provided real-time feedback through VRIFY’s platform to inform drilling programs.

SCALABILITY and COST SAVINGS

Rua Gold is just beginning and is confident that VRIFY will continue to add value by allowing for the analysis of larger datasets without increasing costs linearly.

HIGHER ACCURACY

VRIFY’s proprietary Al model reduces human error and identifies patterns that manual review might miss, increasing discovery potential.

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Figure 4: VRIFY AI hotspot identification showing Cumberland-Gallant Prospect

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QAQC HISTORIC DRILLING (MR 5093)

Rua Gold is treating the drill results as historic.

The QP has verified the data disclosed, including drill collar location, sampling and analytical information contained in the written disclosure,

  1. Data was verified by examination of remaining core in the core-box; confirming intervals, core splitting and interval handling procedures and logged core descriptions matched original core logging.

  2. Verified the core sampling and assay procedures by examining and confirming from the original assay certificates of SGS and ALS laboratories that the sample numbers recorded matched the sample intervals logged.

  3. Verified from original assay certificates stated blanks and certified standards and duplicates were used and reported, and where deviations outside 2 standard deviations assays have been repeated.

  4. Verified that suitable assay methodology for coarse gold was used by both laboratories SGS Reefton method FASC30T(screen fire assay) and ALS method Au-SCR22AA (screen fire assay).

  5. The QP has verified in the zone of exceptionally high-grade gold values that gold is clearly visible in veinlets within a significant quartz vein.

The QAQC summarized from the OceanaGold report is as follows:

“Diamond drill samples were generally taken over 1 m intervals and cut in half. Half the core was then sent to SGS or ALS. Some of the significant reef samples were analyzed at the ALS laboratory in Townsville for rapid processing and the rest were analyzed at the SGS laboratory in Westport. Due to the large amount of quartz reef drilled in the first part of the program, a screen fire technique was introduced at SGS (FAS30T).

ALS Townsville preformed 1 kg screen fire assays (Au-SCR22AA) along with a standard fire assay procedure (Au-AA26). Diamond core submissions included at the minimum one blank and two certified standards and at least two lab duplicates taken after coarse crushing of the sample. If both standard assays from the same hole returned assay values outside two standard deviations of the actual value, the laboratory was requested to re-assay the job. Assays from dispatches RD131025.1 and RD131106.1 showed significant deviation from standards and checks. These two batches were re-assayed (RD131025.1R and RD131106.1R respectively).

All assay data was imported into the Reefton project acQuire database directly from laboratory reports.”

Source: Anderson, T., 2014. MP 41164 Globe Progress annual technical report – 2014, OceanaGold Ltd; NZP&M, Ministry of Business, Innovation & Employment (MBIE), New Zealand. Unpublished Mineral Report MR5093.

PHOTON ASSAYING

Samples were analyzed by PhotonAssay at ALS Perth, Australia (ALS code Au-PA01), which has a detection range of 0.03-350 ppm Au. PhotonAssay analysis works by bombarding samples with high-energy X-rays which excite atomic nuclei that produce gamma rays at signature energies, allowing for gold detection. This method has a fast turnaround time and is non-destructive, allowing the preservation of the entire whole-core and unlimited repeat testing. Samples were submitted with certified reference material (CRM) from OREAS into the sample stream every 5 samples.

ALS Perth is independent to Rua Gold and its quality management systems framework is accredited to ISO/IEC 17025:2005 or certified to ISO 9001:2015 standards.

The QP satisfactorily verified all data used in this disclosure.

Grant of Deferred Share Units

The Company also announces that it has granted an aggregate of 161,980 deferred share units (“DSUs”) to non-executive directors of the Company at a deemed price of $0.61 per DSU under the Company’s Deferred Share Unit Plan adopted on April 17, 2024. The DSUs are subject to a one-year vesting period and entitle the holder to receive one Common Share at the time the holder ceases to be a director of the Company.

New Marketing Agreement with Baystreet.ca Media Corp

The Company has entered into a Services Agreement dated April 1, 2025 (the “Bay Street Media Agreement”) with Baystreet.ca Media Corp pursuant to which Baystreet.ca Media Corp has agreed to provide article distribution and full site coverage services to the Company. Pursuant to the terms of the Bay Street Media Agreement, such marketing services are to be provided over a 3-month period, for a fee of $45,000 plus applicable taxes. Baystreet.ca Media Corp is a full-service marketing agency based in Vancouver, BC, and is headed by Brady Allan. Baystreet.ca Media Corp provides digital marketing awareness via advertising through its fully owned platform BayStreet.ca, which includes both video and written content coverage of Canadian small-cap stories. As of the date hereof, to the Company’s knowledge, Baystreet.ca Media Corp (including its directors and officers) does not own any securities of the Company and has an arm’s-length relationship with the Company. Under the Bay Street Media Agreement, the Company will not issue any securities to Baystreet.ca Media Corp. as compensation for its marketing service.

ABOUT Rua Gold

Rua Gold is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of RUA’s two highly prospective high-grade gold projects.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand’s South Island with over 120,000 hectares of tenements, in a district that historically produced over 2 million ounces of gold grading between 9 and 50 grams per tonne.

The Company’s Glamorgan Project solidifies Rua Gold‘s position as a leading high-grade gold explorer on New Zealand’s North Island. This highly prospective project is located within the North Islands’ Hauraki district, a region that has produced an impressive 15 million ounces of gold and 60 million ounces of silver. Glamorgan is adjacent to OceanaGold Corporation’s biggest gold mining project, WKP.

For further information, please refer to the Company’s disclosure record on SEDAR+ at www.sedarplus.ca.

Technical Information

Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure contained herein.

Rua Gold Contact

Robert Eckford
Chief Executive Officer
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this new release, other than statements of historical facts, that address events or developments that 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”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur and specifically include statements regarding: the Company’s strategies, expectations, planned operations or future actions; and the effects and benefits of the Transaction. 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.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company’s control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements and reference should also be made to the Company’s short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management 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 beliefs, estimates or opinions, or other factors, should change.

APPENDICIES

Table 1: Gallant 001 Re-assay table

Au (g/t)
Sample No From To Interval ALS 2025
(Photon)
Original Assay
(Screen fire )
Average Two methods
GAL01001 30.6 32 1.3 2.2 3.16 2.68
GAL01002 32 33 1 0.97 1.37 1.17
GAL01003 33 34 1 0.32 1.9 1.11
GAL01004 34 35 1 0.11 3.32 1.715
GAL01005 35 36 1 0.02 0.01
GAL01006 36 37 1 0.01 0.01
GAL01007 37 38 1 2.66 3.38 3.02
GAL01008 38 39 1 21.17 23.4 22.285
GAL01009 39 40 1 0.33 0.5 0.415
GAL01010 40 41 1 0.26 0.46 0.36
GAL01011 41 42 1 1.98 6.31 4.145
GAL01012 42 43 1 0.27 0.97 0.62
GAL01013 43 44 1 0.43 1.73 1.08
GAL01014 44 45 1 0.04 3.53 1.785
GAL01015 45 46 1 1.8 0.54 1.17
GAL01016 46 47 1 2.75 6.81 4.78
GAL01017 47 48 1 426 1910 1168
GAL01018 48 49 1 46.12 30 38.06
GAL01019 49 50 0.7 5.2 4.68 4.94
GAL01020 50 51 1 28.46 1.49 14.975
GAL01021 51 52 1 7.14 6.77 6.955
GAL01022 52 53 1 8.15 6.98 7.565
GAL01023 53 54 1 1.15 0.87 1.01
GAL01024 54 55 1 0.19 0.11 0.15
GAL01025 55 56 1 0.38 0.53 0.455
GAL01026 56 57 1 3.41 2.14 2.775
GAL01027 57 58 1 2.96 2.28 2.62
GAL01028 58 59 1 0.46 0.24 0.35
GAL01029 59 60.2 0.5 0.41 0.52 0.465

 

Note: true width of vein: 8m.

Table 2: Historic Production Cumberland Camp (Barry, 1993)

Lode Tonnes Production
(Au oz)
Recovered grade (oz/t) Recovered grade (g/t)
Scotia 604 1,283 2.1 66.1
Gallant 2,378 759 0.3 9.9
Sir Francis Drake-Happy Valley 17,261 5,810 0.3 10.5
Cumberland 14,120 13,629 1.0 30.0
Exchange-Industry 519 260 0.5 15.6

 

Source: Barry, J.M., 1993. The History and Mineral Resources of the Reefton Goldfield. Ministry of Commerce Resource Information Report No. 15.

Table 3: Collar for GAL001, historic drill hole.

Drill hole Easting (NZTM) Northing (NZTM) Elevation (RL) End depth Azimuth Dip
GAL001 1508726 5327981 628 123.7 293° -70°

 

Projection: New Zealand Transverse Mercator (NZTM) 2000.

Reference for historical grades and production:
Barry, J.M., 1993. The History and Mineral Resources of the Reefton Goldfield. Ministry of Commerce Resource Information Report No. 15.

Reference for Gallant assay results:
Anderson, T., 2014. MP 41164 Globe Progress annual technical report – 2014, OceanaGold Ltd; NZP&M, Ministry of Business, Innovation & Employment (MBIE), New Zealand. Unpublished Mineral Report MR5093.

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Los Andes Copper Announces Expansion of Land Package

Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) (“Los Andes” or the “Company”) is pleased to announce that the Company has expanded its land package by obtaining first-priority exploration claims over new areas within and adjacent to the current property boundaries for Los Andes’ Vizcachitas copper project in Chile (“Vizcachitas”).

The claims cover an 18 square kilometer (“km2“) block within the current property boundary, and another 7km2 block adjacent to the north-east corner of the property boundary, as shown in Figure 1.

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Figure 1: Historical and New Mining Claims at the Vizcachitas project.

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The 18km2 block within the current property boundary covers the higher ground bordering the Vizcachitas deposit to the southeast, near the mineralized extensions identified in the 2023 drill program.

Following the ruling made on February 12, 2025, the cancellation of the existing exploitation claims was certified by the Court in Putaendo on March 5, 2025, and recorded in the Putaendo Mine Registration Office on April 1, 2025.

Santiago Montt, CEO of Los Andes, commented: “We are very pleased to have expanded our land package to have first-priority exploration claims over a new combined area of 25km2. These additional new claims have increased our total land package to 474.4km2. This new ground has highly prospective geology, providing further potential upside for the Vizcachitas project and the Company.”

About Los Andes Copper Ltd.

Los Andes Copper Ltd. is an exploration and development company with an 100% interest in the Vizcachitas Project in Chile. The Company is focused on progressing the Project, which is located along Chile’s most prolific copper belt, into production. Vizcachitas is one of the largest copper deposits in the Americas not controlled by the majors and the Company believes it will be Chile’s next major copper mine.

The Project is a copper-molybdenum porphyry deposit, located 150 kilometers north of Santiago, in an area of very good infrastructure. An independent technical report for the PFS, prepared in accordance with NI 43-101, is available on the Company’s SEDAR profile.

Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA.

Qualified Persons

Antony Amberg CGeol FGS, the Company’s Chief Geologist, is the qualified person who has reviewed and approved the scientific and technical information contained in this news release.

For more information please contact:

Santiago Montt, CEO
santiago.montt@losandescopper.com
Tel: +56 2 2954-0450

Elizabeth Johnson, Investor Relations
Elizabeth.johnson@losandescopper.com

E-Mail: info@losandescopper.com or visit our website at: www.losandescopper.com
Follow us on twitter @LosAndesCopper
Follow us on LinkedIn Los Andes Copper Ltd

Certain of the information and statements contained herein that are not historical facts, constitute “forward-looking information” within the meaning of the Securities Act (British Columbia), Securities Act (Ontario) and the Securities Act (Alberta) (“Forward-Looking Information”). Forward-Looking Information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend”; statements that an event or result is “due” on or “may”, “will”, “should”, “could”, or might” occur or be achieved; and, other similar expressions. More specifically, Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such Forward-Looking Information. Such Forward Looking Information includes, without limitation, the timing of and ability to obtain TSX-V and other regulatory approvals and the prospects, details related to and timing of the Vizcachitas Project. Such Forward-Looking Information is based upon the Company’s assumptions regarding global and Chilean economic, political and market conditions and the price of metals and energy and the Company’s production. Among the factors that have a direct bearing on the Company’s future results of operations and financial conditions are changes in project parameters as plans continue to be refined, a change in government policies, competition, currency fluctuations and restrictions and technological changes, among other things. Should one or more of any of the aforementioned risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the Forward-Looking Information. Accordingly, readers are advised not to place undue reliance on Forward-Looking Information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise Forward-Looking Information, whether as a result of new information, future events or otherwise.

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.

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Walker Lane Resources Ltd. Notes Unusual Trading Activity and the Development of its New Website

Walker Lane Resources Ltd. (TSX-V: WLR, “Walker Lane”) announces that there has been unusual trading activity of its common shares that appeared to initiate on March 27, 2025 and appears to have occurred on each subsequent TSX-V trading day to current day. The recent stock trading activity does not reflect the health of our business or the recent significant value added assets to the property portfolio and adds to the previous undervaluation of the assets that were noted in a research report completed by Fundamental Research Corporation (see CMC Metals Ltd. press release – January 15, 2025). Management considers that some recent market transactions of its common shares could be an organized type of short selling tactic as we cannot determine any other explanation for the unusual downside trading activity.

In this regard, our management have contacted CIRO who are the market regulator for issuers on the TSX-V Exchange. CIRO is now undertaking an evaluation of certain market transactions and trading patterns of the common shares of WLR and our predecessor TSX-V: CMB to determine if a more comprehensive investigation is required. The company will not be advised by CIRO of the results of their evaluation or if an investigation is to be undertaken. However, if suspicious trading practices are identified they may result in further action by CIRO with the related party(ies).

Kevin Brewer, President and CEO of Walker Lane noted: “Walker Lane is advancing gold-silver projects in Nevada, the second most mine-friendly jurisdiction in the world as ranked by the 2024 Annual Fraser Institute Rankings of Mining Jurisdictions. The three new property focused in the Walker Lane Gold Trend in Nevada were added to our strong portfolio of exploration projects in Canada and should therefore result in a strengthening of our market position and valuation. These recent acquisitions have paved the way to conduct near-term exploration programs on potential high-grade gold and silver projects with a determined focus on drilling as a critical element of our exploration efforts. It is our intent to focus drilling on our two cornerstone properties, the Tule Canyon Gold Project in the highly popular Walker Lane Gold District in western Nevada and on our silver-polymetallic Amy Project in British Columbia. Combined with exploration efforts that are expected to be conducted on our Silverknife Property optioned to Coeur Mining Inc. and continued benefits in payment streams associated with the sale of our Bishop gold mill to North Bay Resources Inc, our management team feels that our new direction and our former strengths represent a tremendous opportunity to create shareholder value. The recent trading of our common shares does not in our opinion accurately reflect the value of our assets and the potential value generation that we submit can be derived by executing our current strategic direction.”

In addition, the Company notes that it is creating a new website which will be www.walkerlaneresources.com

Our current target is to have the website operational on or before April 7, 2025 and thereafter it will be regularly updated with news updates, property information, recent and past corporate presentations, upcoming events etc,.

Qualified Person

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

About Walker Lane Resources Ltd.

Walker Lane Resources Ltd.  is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada and the Rancheria Silver District in Yukon/B.C. and other property assets in Yukon and Newfoundland and Labrador. The Company intends to initiate an aggressive exploration program to advance the Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria Silver, B.C.) projects through an aggressive drilling program to resource definition stage in the near future.

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

For Further Information and Investor Inquiries:

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

Cautionary and Forward Looking Statements

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

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

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

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New Murchison Gold Limited

Investor Insight

For investors with an eye on mining stocks, New Murchison Gold (ASX:NMG) presents a unique opportunity. The company’s shallow, high-grade Crown Prince gold deposit, significant land package in the prolific Murchison goldfields, and strategic alliance with established Australian gold producer Westgold Resources position it as a noteworthy contender in the Western Australian gold exploration space. As NMG continues to navigate the path to production, its journey is one that astute investors will watch with keen interest.

​​Overview

Within the heart of Australia’s Murchison gold district, a region host to more than 35 Moz gold endowment (historic production and current resources), stands New Murchison Gold, a forward-thinking gold explorer with a clear strategy to maximise shareholder value driven by a highly experienced management team. The company’s value proposition centres on growing and de-risking its shallow, high-grade Crown Prince gold deposit (part of the company’s Garden Gully gold project) and a strategic alliance with established Australian gold producer Westgold Resources (ASX:WGX), offering a clear pathway to production and cash flow generation.

The Westgold alliance has resulted in a binding ore purchase agreement with Big Bell Gold Operations, a wholly owned operating subsidiary of Westgold Resources. The agreement will underpin production from NMG’s Crown Prince deposit in 2025, and will see the company delivering 30 kt to 50 kt of ore to Westgold per month.

​Key Project

Garden Gully

New Murchison Gold's Garden Gully

New Murchison Gold’s flagship Garden Gully gold project is located 20 km northwest of Meekatharra, Western Australia. The project boasts a 677 sq km tenement package that covers the Abbotts Greenstone Belt. The project includes granted mining leases and Native Title agreements in place over the Crown Prince, Abbotts and Lydia prospects. Garden Gully is in close proximity to a number of operating gold mines and existing gold processing facilities.

New Murchison Gold has a strong pipeline of exploration and development prospects at Garden Gully, with the most advanced being Crown Prince.

Crown Prince deposit

New Murchison Gold's Crown Prince deposit

The Crown Prince deposit has an updated mineral resource estimate of 2.2 Mt at 3.9 g/t gold for 279 koz, which includes an indicated resource estimate of 226 koz at 4.6 g/t Au. (81 percent of the total MRE). The total also includes the maiden resource for the Southeastern Zone (SEZ) of 1 Mt at 5.2 g/t gold for 164 koz (discovered in late 2022).

The resource is shallow, delineated from surface, remains open at depth and along strike, and located within a 300 m x 200 m area demonstrating strong open pit mining potential. There is significant resource growth potential at new mineralised zones at the northeastern end of SEZ and Crown Prince East (350 m from SEZ).

New Murchison Gold also published strong metallurgical performance from advanced test work at Crown Prince with high recovery of gold through gravity and cyanide leach test work, reporting overall gold recovery rates ranging from 98.2 to 99.8 percent.

New Murchison Gold's Crown Prince deposit gold intersections

Westgold Strategic Alliance

New Murchison Gold announced a strategic alliance and $6 million placement with Australian gold producer Westgold Resources.

The Westgold transaction provides a clear pathway to commercialising Crown Prince in a strong gold price environment, validates the quality of the deposit and enables New Murchison Gold to leverage Westgold’s internal resources, intellectual property and infrastructure to accelerate development.

New Murchison Gold's strategic alliance project

The primary aim of the strategic alliance is to fast track the development of New Murchison Gold’s Crown Prince deposit into production. As part of the strategic alliance, New Murchison Gold and Westgold has entered into a binding ore purchase agreement (OPA) with Westgold subsidiary Big Bell Gold Operations, for gold produced at Crown Prince. Under the agreement, NMG will deliver 30 kt to 50 kt of ore to Westgold per month with no fixed term. Crown Prince is located only 33 km from Westgold’s 1.6 – 1.8 Mtpa Bluebird Mill.

In addition to the OPA, the strategic alliance may also encompass other strategic collaboration initiatives such as access to Westgold’s expertise and infrastructure. Upon completion of the strategic placement, Westgold will be an 18.7-percent shareholder (undiluted basis) and have the right, but not the obligation to a New Murchison Gold board seat and an equity participation right.

Proceeds from the strategic placement and current cash will allow New Murchison Gold to fast track further resource development, project development and mining proposal workstreams at Crown Prince and continue systematic regional exploration across Ora’s commanding 677 sq km tenure.

New Murchison Gold's exploration pipeline for the Garden Gully project

Major players are increasingly partnering with junior explorers to secure access to high-grade, quality gold resources. New Murchison Gold’s collaboration with Westgold epitomises this movement, setting a blueprint for mutual success in the industry.

Key Focus

The near-term focus for New Murchison Gold will be further resource growth and rapidly advancing project development and mining proposal workstreams at Crown Prince:

  • Crown Prince Drilling: Further delineating new high-grade mineralised zones at the north-eastern end of SEZ and Crown Prince East (350 metres from SEZ) and resource definition drilling along strike and below 100 metre vertical depth
  • Crown Prince Resource: Updated Mineral Resource Estimate expected in September of 2024.
  • Crown Prince Development: progress detailed technical programs, preliminary project development and mining proposal workstreams and agree on an ore purchase agreement and other strategic collaboration initiatives with Westgold
  • Regional: Continue systematic regional exploration programs across Ora’s commanding 677 sq km tenure package

​Management Team

New Murchison Gold is led by a team of experienced professionals with a diverse set of skills and expertise. At the helm of the company’s operations is CEO Alex Passmore, a qualified geologist with extensive corporate finance experience to guide New Murchison Gold’s strategic plan. The board is chaired by Rick Crabb, with extensive experience in the legal and mining sectors providing invaluable governance and oversight.

Supporting the company’s governance structure, Malcolm Randall serves as a non-executive director, bringing a wealth of knowledge from his tenure in the resource sector, including 25 years at Rio Tinto. Frank DeMarte, director and company secretary, contributes over 39 years of mining industry experience in areas of financial management governance and secretarial practice.

The collective experience of New Murchison Gold’s board and management is a cornerstone of the company’s success, positioning it to capitalise on the opportunities within the Garden Gully project and beyond.

For further information on New Murchison Gold’s strategic initiatives and investment opportunities, sign up for a free investor kit.