The Joutel Gold Project (“Joutel”) is a high-grade past-producing gold project in Québec, Canada, strategically located along the Casa Berardi-Douay Gold Trend. In December 2024, the Company acquired full ownership and legal title to Joutel following a joint venture restructuring with Agnico Eagle.

Joutel hosts the past-producing Eagle-Telbel mine complex, which operated from 1974 to 1993, producing 1.1 million ounces of gold at an average grade of 6.5 g/t Au during a period of much lower gold prices. The project spans 15.7 km along the Harricana Break (Casa Berardi South), a major gold-bearing structure with strong exploration potential.

The Company has advanced Joutel through extensive data compilation and modern geological modeling. A 3D geological and structural model developed in Q4 2021 identified high-grade gold targets beyond previously mined stopes at Telbel.

A year-long data review and compilation exercise in 2024 integrated historical drill core analysis and digitized data, refining geological and structural controls on gold mineralization. The modern 3D model confirms that the favourable geology hosting the Telbel deposit extends both along strike and at depth, while also identifying new target trends with limited prior drilling.