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Missing Silver Bars Bring Mining Community Together

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March 9, 2025

As miners, delegates and industry insiders dispersed after the Prospectors & Developers Association of Canada convention (PDAC), news circulated on X, formerly Twitter, that two 10 ounce bars of silver were missing.

The bars were owned by Arlen Hansen, founder of Kin Communications and host of the Kinvestor Report. In a post on X, Hansen explained that he purchased the bars from First Majestic Silver (TSX:FR,NYSE:AG) during the event.

The silver, with a total estimated value of US$647, was checked inside Hansen’s bag as he boarded his Vancouver-bound Air Canada (TSX:AC,OTCQX:ACDF) flight following the conference. From there, the white metal was destined for a silent auction in support of Canadian children living with diabetes.

However, according to Hansen’s post, the silver never arrived at its final destination.

“I don’t need a refund, a free upgrade, or more points, this was stolen from the children who need it, not me,” Hansen wrote on X, adding, “A pretty simple solution @AirCanada.”

The silent auction the silver was to be used for is part of the larger Pump Couture fashion show, an event that aims to reduce the stigma around diabetes, while raising awareness about the 3.8 million Canadians living with chronic disease.

Shortly after Hansen’s post was published, the mining community began showing its support.

“Sorry to hear this, Arlen…but hopefully our donations will lead to an even greater result,” wrote Brien Lundin, editor of Gold Newsletter and host of the New Orleans Investment Conference.

Silver producer and seller First Majestic and its mint division First Mint have offered to replace the lost silver, while others have donated to Diabetes Canada and provided encouragement to Hansen.

In an email to the Investing News Network, Hansen expressed his gratitude for the outpouring of support.

“There has been a wonderful outreach from the mining community, not only sharing their condolences, but helping step up with financial support, taxable donations — and very fortunately, the silver was replaced by First Majestic Silver and then further matched by First Mint LLC. I didn’t ask them, they volunteered, and that to me is an example of how the good people in the mining community have stepped up,” he said.

Hansen has filed a report with the Ontario Provincial Police (OPP) regarding the lost silver bars.

“I have reached out to Air Canada customer service twice and have yet to hear back from them. My report was filed with the OPP yesterday, so I’m sure it is still being processed and will hear back from them shortly,” he told INN.

​Systemic issues

During the ordeal, Hansen has been informed that many travellers have had similar issues with Air Canada.

“There were over 200 responses of support, and many were not shocked and shared stories of how they have had personal items removed from their bags after checking in their luggage with Air Canada and other airlines,” he said.

“The silver was stolen from my bag, and someone should be held accountable for this, because if this is happening to me, it’s happening still and I believe the airlines should be investigating this seriously.”

This latest incident marks the third time since 2022 that Air Canada has been at the center of missing precious metals reports. Most notable is the April 2023 gold heist that saw 400 kilograms of gold stolen from an Air Canada cargo terminal at Toronto Pearson International Airport. The sophisticated heist was conducted by at least nine individuals and saw US$20 million worth of stolen gold melted and transported around the world.

In mid-2024, Peel Region Police announced the arrest of nine people in conjunction with the elaborate theft; however, only six pure gold bracelets with an estimated value of C$90,000 have been recovered.

In late 2023, Brink’s (NYSE:BCO) sued Pearson International Airport and Air Canada over the theft, alleging negligence in securing the cargo. Air Canada countered, arguing that Brink’s failed to insure the shipment or disclose its true value.

Although the C$20 million heist is considered the largest in Canadian history, it wasn’t the first time Air Canada was accused of losing precious metals. Months before the 2023 gold heist at Pearson International Airport, another gold bar disappeared while transiting through Toronto, according to a lawsuit.

On December 22, 2022, a Swiss precious metals refinery shipped 65 doré bars worth US$15.7 million from Lima, Peru, through Toronto to Zurich, Switzerland. However, somewhere along the way one gold bar disappeared.

According to the court filing, Brink’s paid an additional fee for the added security of the bullion, a designation that was to ensure the shipment did not “comingle” with other cargo. The doré bar worth over US$270,000 was never recovered. It is also not clear if that earlier incident is related to the later C$20 million heist.

Air Canada has said it will “vigorously” defend itself in court, but questions about the security of precious metals shipments using the airline remain.

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

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

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Australia’s Mining Gender Pay Gap Shrinks, Women Still Earn Less

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March 9, 2025

The Workplace Gender Equality Agency (WGEA) has released an updated Employer Gender Pay Gaps report covering 7,800 employers and 1,700 groups.

The gender pay gap is defined by the agency as “the difference between the average or median remuneration of men and the average or median remuneration of women, expressed as a percentage of men’s remuneration.” This differs from equal pay for the same or similar roles.

“(We focus) on the total remuneration gender pay gaps that include payments above base salary such as superannuation, performance bonuses, overtime and allowances, as this gives a more accurate representation of the real differences in earnings between men and women,” WGEA said.

The agency started by illustrating the general pay situation in the nation, which is evidently unequal. WGEA reported that on average, for every dollar a man earns, a woman earns 78 cents.

This drives the entire gap regardless of industry and sets a precedent for calculating pay.

WGEA also highlighted that employers in male-dominated industries, including the mining sector, are more likely to pay male workers more.

According to the report, “4 out of 5 employers in men-dominated industries have a gender pay gap in favour of men.” Across 248 mining employers, 92 percent of the total average remuneration gender pay gap favours men.

Employee ratio and roles

WGEA’s analysis considered several factors affecting the disparity. Among these is the ratio of male to female workers, which is evident in the mining sector.

The report stated that women make up 22 percent of the mining employee population, but this isn’t spread evenly across pay quartiles. In the upper and upper middle pay quartiles, women are just 16 and 15 percent of workers respectively. According to the WGEA, the over-representation of men in the upper quartile of earners drives two-thirds of the gender pay gap. In the lowest pay quartile, women make up 35 percent of the mining workforce — significantly higher than their presence in other pay groups.

“Employers with the highest gender pay gaps show the greatest disparity between the proportion of women in the upper quartile, compared to the proportion of women in the workforce. In general, the greater the difference, the higher the gender pay gap.”

Women, according to WGEA, are less likely to work in the highest paying jobs in the economy. This applies to mining, which ranked as the highest paid industry assessed under the report, having an average salary of AU$195,141 across pay quartiles.

Mining engineers and the like placed ninth in Monarch’s top 10 list of the highest paying jobs in Australia in 2024 with AU$196,178.

The Chamber of Minerals and Energy of Western Australia (CMEWA) recognised this key point in a commentary on the report, with chief executive officer Rebecca Tomkinson agreeing that men still outnumber women in the sector.

“Closing the pay gap in a traditionally male-dominated industry like mining will not be achieved overnight but women are increasingly voting with their feet to join a sector that has demonstrated its commitment to boosting female participation.”

Another aspect mentioned in the report is additional payments on top of base salary, such as superannuation, overtime and performance bonuses.

Nationally, these discretionary payments often go to the higher earners or those up in the corporate ladder, which are, more often than not, male employees.

WGEA reported these payments averaged at least AU$11,204 annually across all industries. Mining saw the highest gap between average base salary and average total remuneration at AU$55,281.

Mining sector, unions making strides

The mining sector and mining unions have been making progress in recent years with regards to improving the pay gap and increasing the portion of women in the workforce.

The WGEA said that the mining industry’s mid-point of median gender pay gap decreased by 1.6 percent from 2023 to 2024. This is a significant number, as the national decrease is only at 0.2 percent.

In a separate report called 2024 Diversity and Inclusion in the Western Australian Resources Sector, the CMEWA found that the proportion of women employees in the mining and resources has increased from 18.8 per cent to 24.8 per cent over the last decade.

On the topic of childcare, Tomkinson of the CMEWA said, “Women remain the predominant caregivers for their children and in many instances stop working for a period to raise young children. This can contribute to the pay gap for women across all industries, but the resources sector has some of corporate Australia’s most accommodating policies and practices in place to encourage retention and to create a more family-friendly work structure.”

The sector is still facing difficulties, though. Last November, mining giant Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) released its 2024 Everyday Respect report, an external review of the company’s progress on lowering workplace harassment and discrimination. While there was progress in some areas, the report showed that women were disproportionately affected by harmful behaviours in the workforce. Additionally, in December 2024, a class action sexual harassment lawsuit was filed against Rio Tinto and BHP (ASX:BHP,NYSE:BHP,LSE:BHP).

Efforts to improve conditions and pay are also being made by workers and unions, including the Electrical Trades Union of Australia’s (ETU) recruitment of members large miners such as Rio Tinto and BHP. The ETU stated on its website that its campaign is to raise wages, improve conditions, secure safety and improve life for all Australians.

There is also the Western Mine Workers Alliance (WMWA), a partnership of the Mining and Energy Union (MEU) and Australian Workers Union. The WMWA recently called for improved conditions and an annual raise for workers at Rio Tinto’s iron ore operations around Paraburdoo.

On the federal level, the Australian government implemented the Same Job, Same Pay law, which mandates that labor hire workers receive wages equivalent to their permanent counterparts. This law has already led to significant pay increases for over 4,000 workers, with more expected to benefit as enforcement continues.

“Same Job, Same Pay is driving pay rises for labour hire workers as intended. It is also leading to mining companies hiring more permanent workers as their financial incentive to outsource is removed,” said MEU General Secretary Grahame Kelly, as quoted in Mirage News.

The WGEA reminded readers of its report that behind the bigger picture and statistics are the actions of employers, which ultimately drive the pay adjustments in every sector.

“As more employers take action, based on evidence of what does work to improve workplace gender equality, this will help close the gender pay gap and improve workplaces for all employees.”

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Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

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Lode Gold Strengthens Board of Spin Co Gold Orogen Ahead of Tax-Efficient Spin-out

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March 9, 2025

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) (“Lode Gold” or the “Company”) is pleased to announce the proposed appointment of Bill Fisher and Rajesh Sharma to the Board of Directors of its upcoming spin-out company, Gold Orogen. The spin-out is scheduled for March 2025, with a shareholder meeting set for March 10, 2025, to approve the tax-efficient plan of arrangement.

The proposed appointments of Bill, Rajesh and the other Directors will be subject to shareholder approval at the Company’s Annual General Meeting (AGM) on March 10, 2025. Their appointments will be finalized following the AGM.

The proposed Gold Orogen Board will include:

  • Hashim Ahmed
  • Wendy T. Chan
  • Chad Tappendorf
  • Ron Tomlinson
  • Jonathan Hill
  • Bill Fisher (newly proposed to be appointed)
  • Rajesh Sharma (newly proposed to be appointed)

Bill Fisher, BSc, P.Geo
Director (Proposed)

Bill has a successful track record, marked by notable exits. In the late 1990s, Bill served as Vice President of Exploration for Boliden AB, a major European mining and smelting company, where he managed 35 projects across nine countries. His career highlights include serving as Chairman of Aurelian Resources, which discovered the Fruta del Norte gold deposit in Ecuador, leading to the company’s acquisition by Kinross Gold for $1.2 billion in 2008. Fisher also transformed GlobeStar Mining Corp. from an exploration company to an emerging mining company, developing the Cerro de Maimon copper/gold mine in the Dominican Republic, which was completed on time and under budget. This project was later sold to Perilya for $186 million.

With over 40 years in the mining industry, he is renowned for his expertise in exploration, development, and strategic leadership. His career began in Africa, where he spent a decade working on diamond exploration and mining projects, including significant discoveries of kimberlites in the Congo and contributions to exploration efforts in West Africa.

Currently, Bill serves as Chairman of GoldQuest Mining Corp., overseeing the development of a 3-million-ounce gold discovery in the Dominican Republic. He also holds directorships in several mining companies, including Inventus Mining and Churchill Resources, and previously served as Chairman of Treasury Metals, developing the Goliath Gold Project in Northwest Ontario.

Rajesh Sharma, ICD.D
Director (Proposed)

Rajesh brings extensive global leadership experience across the mining, exploration, metals, and international trade sectors. His career highlights include leading large-scale mining start-ups and exploration companies, as well as successfully completing several investment and acquisition deals. Within the Tata Group, Rajesh held multiple leadership roles, serving as CEO and Board member of various exploration, mining, and investment subsidiaries of Tata Steel in Canada and Africa. Additionally, he served as Executive in Residence at Investissement Québec. Rajesh holds degrees in management and engineering from IIT Roorkee and completed a scholarship program on Globalization and Leadership at the London School of Economics.

Biographies of the other existing Directors from Lode Gold joining the Board of Directors include:

Wendy T. Chan BSc, MBA, ICD.D
CEO

Wendy formerly held positions with Skeena, Roxgold and Novo Resources. She brings over 20 years of experience in developing and executing strategic plans for both Fortune 500 and entrepreneurial companies with global outreach.

Throughout her career, Wendy has demonstrated proficiency in managing businesses with full P&L responsibilities, consistently driving profitability. Her operational experience includes leading cross-functional teams and spearheading negotiations for multi-million-dollar projects. Wendy’s global perspective is evident in her work on key development initiatives involving JVs, strategic alliances and mergers and acquisitions across diverse regions, including Asia, Australia, Africa and the Americas.

Hashim Ahmed, CPA
Interim Chairman Director

Hashim is a seasoned financial executive with over 20 years of experience in finance, accounting, tax and governance. He currently serves as Executive VP and CFO of Mandalay Resources.

Prior to joining Mandalay, Hashim held key positions in the mining industry, including Interim CEO of Nova Royalty and CFO of Jaguar Mining. His career also includes a significant tenure at Barrick Gold, where he spent seven years in progressively senior finance positions, both in Canada and with site finance teams in Chile. Hashim’s expertise extends beyond the corporate realm, as he is a member of the Audit Committee of the Government of ‎Ontario, showcasing his broad financial acumen and commitment to public service.‎

Chad Tappendorf, CFA, MBA
Director

Chad is a Partner at Coast Capital, a New York-based investment firm with focused interests in the mining sector. His extensive experience spans globally in both private and public equity investments, demonstrating a broad understanding of diverse industries and market dynamics.

Throughout his career, Chad has held board memberships across various sectors, including resources, logistics, real estate, and consumer goods. His expertise extends to managing multi-billion dollar private equity portfolios, showcasing his ability to handle large-scale investments and complex financial strategies. Chad’s skill set encompasses the entire investment process, from identifying new opportunities and conducting thorough due diligence to performing valuations, negotiating deals, and structuring transactions and tax arrangements.

Jonathan Hill, Fellow AUSIMM, BSc (Hon) Econ Geo
Technical Director

Jonathan is a highly accomplished mining industry veteran with over 35 years of experience in exploration, project development, and mining operations worldwide. As the Founder and Principal Advisor of Exploration Outcomes Ltd., he leverages his extensive expertise to provide strategic guidance in the sector.

Throughout Jonathan’s career, he has played a pivotal role in numerous world-class gold and copper discoveries across both greenfield and brownfield projects. His tenure at AngloGold Ashanti was particularly noteworthy, where he led multi-million-dollar greenfield exploration ventures in Brazil and Colombia. This experience has honed his skills in governance, exploration strategy, and management, making him a valuable asset in the mining industry.

Currently, Jonathan serves as a Director on the boards of several mining companies, including Spark Energy Minerals, Royal Road Minerals, Lavras Gold, and Avanti Gold. His previous role as VP of Exploration and later technical advisor for Jaguar Mining further underscores his comprehensive understanding of the industry.

Ron Tomlinson
Director

Ron is currently the CEO of Tomlinson Group. With over 35 years of experience in executive management, strategic acquisitions, real estate operations and investments, Ron has successfully expanded Tomlinson Group’s operations across Canada and the United States. A seasoned manager and successful entrepreneur, he has driven the growth of the company into a vertically integrated organization with a strong focus on innovation and operational success.

Under Ron’s leadership, Tomlinson Group has spearheaded numerous large-scale projects across diverse industries, including construction, environmental services, and infrastructure.

The Company is poised to leverage the diverse expertise of its well-rounded board to drive Gold Orogen’s growth and achievements in the upcoming year.

Shares for Debt Issuance

Lode Gold is settling $231,180 of debts on the balance sheet by issuing 963,251 shares at $0.24 per unit to professional services contractors, management, and advisors. The share-for-debt transaction is subject to the approval of the TSX Venture Exchange in accordance with Policy 4.3, Shares for Debt, of the TSX-V corporate finance manual.

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States. In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km2 across a 27-km 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 NI 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 km2 and a 44 km strike. McIntyre Brook covers 111 km2 and a 17-km 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 km2 package covering a 26 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.

In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 10.7 g/t Au in the 1930’s. Mining was halted in 1942 due the gold mining prohibition in World War Two (WWII) just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 8% of the veins have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont. The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in creating the towns, businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail. An NI 43-101 MRE has been reported on March 5, 2025. A complete technical report will be filed 45 days later on SEDAR+.

Previously, in March 2023, the company completed an NI 43 101 Preliminary Economic Assessment (“PEA”) for the Fremont Gold project. A sensitivity to the March 31, 2023 PEA at USD $2,000/oz gold gives an after-tax NPV of USD $370M and a 31% IRR over an 11-year LOM. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized. All 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)

ON BEHALF OF THE COMPANY

Wendy T. Chan, CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1-(604)-977-GOLD (4653)

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (604) -977-GOLD (4653)

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company’s properties.

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 completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. 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: that the Company and GRM will be able to negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction, that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the transaction will provide the expected benefits to the Company and its shareholders.

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 adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make submissions to the CSE and TSXV within the timeframe expected, the failure of the Company and GRM to obtain shareholder approval for the transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed 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.

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E-Power Samples 29% Cg on the Tetepisca Flake Graphite Property

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March 9, 2025

E-Power Resources Inc. (CSE: EPR) (FSE: 8RO) (“E-Power” or the “Company”) is pleased to report additional results from the 2024 exploration program on the Company’s flagship Tetepisca flake graphite property located in the North Shore region of Québec. The results include a high grade sample of 28.7 % Cg (Graphite Carbon) from the Company’s claims in the north-central part of the Tetepisca graphite district.

James Cross, President and CEO of E-Power commented: These results demonstrate yet another at surface target area on Tetepisca that could become a significant graphite deposit. It sits just 4.5 km from the Uatnan resource pit, which is probably the best graphite deposit in North America. With Chinese exports severely restricted, and East African production disrupted and mired in bureaucracy, North American sources of graphite are becoming the obvious answer to the North American industrial base and defence industries. Tetepisca is one of very few projects on the continent that could make any type of impact on the looming graphite shortage.

As part of the 2024 exploration program on the Tetepisca flake graphite property, the company completed a program of geological and geophysical prospecting and mapping during which 76 grab samples were collected. The work was focussed on evaluating selected conductors and conductor trends on the northern part of the property derived from interpretation of the Company’s airborne electomagnetic (“EM”) survey completed in 2022 as well as historical airborne EM surveys. The 2024 prospecting work resulted in the discovery of 5 target areas prioritized for follow up exploration in 2025 all of which are characetrized by numerous samples > 5% Cg and and all containing high grade samples > 20% Cg (Map 1). The results from the northern targets areas, N1 to N4, have been previously reported in news releases on October 8 and August 1, 2024. The results of the sampling in the N5 target area are plotted in Map 2 which include a high grade sample of 28.7% Cg.

Flake graphite mineralization discovered on the northern claims in 2024 is hosted by strongly deformed, high metamorhic grade, sedimentary rocks. Airborne magnetic and EM conductivity patterns indicate that the graphite bearing stratigraphy is part of a complexly folded and faulted sequence continuous from southwest of the N5 traget to north of the N1 target. Historical mapping and geophysical interpretation indicates that the stratigraphic unit hosting the Uatnan deposit is continuous and hosts the N5 target mineraliztion located approximately 4.5 km to the southeast.

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About the Tetepisca Property

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

Qualified Person

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

About E-Power

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

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

Notice Regarding Forward-Looking Statements:

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

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

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