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Martiniere Exploration Program

The recently announced updated Martiniere MRE of 0.68 million ounces of gold in the Indicated category and 0.63 million ounces of gold in the Inferred category represents a significant increase both in gold grade and contained ounces compared to the 2021 MRE. Details of the 2023 MRE results can be found in the Wallbridge press release issued earlier today.

The 30,000 metres of drilling completed at Martiniere by Wallbridge in 2021-2022 successfully established the connection between the Martiniere West and the Bug Lake Trends, extending known zones along strike and at depth and discovering new mineralized zones (see Wallbridge press releases dated August 30 and October 12, 2022).

Both mineralized gold trends at Martiniere are open along strike and remain largely untested below 400 metres of vertical depth. In addition, there are numerous promising exploration targets that have the potential to host new gold zones and satellite deposits.

The proposed 2023 exploration drill program at Martiniere will focus on large-spaced step-outs on the known gold trends and ore-hosting environments, as well as testing some property-wide grassroots drill targets. Additionally, the Company is planning geophysical programs, field work, and technical studies to ultimately advance Martiniere toward an economic evaluation

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