• Expanded Mineralized Corridor – The 2022/2023 drilling program (7,343 m across three (3) master holes and four (4) wedges) confirmed multiple sub-parallel gold horizons extending beyond historically mined zones at Eagle, defining a broader mineralized corridor with a stratigraphic thickness exceeding 100 metres.

• Deep Drilling Confirms Gold Below Historical Workings – Drilling at Telbel intersected significant gold mineralization up to 575 m below the lowest mined level, including 3.5 g/t Au over 4.8 m, with higher-grade intervals of 5.2 g/t Au over 2.0 m and 11.1 g/t Au over 0.5 m in semi-massive to massive pyrite (Figure 3).

• New Exploration Potential Beyond Known Mine Horizon – Broader semi-massive pyrite intervals (up to 100 m thick) with multiple lower-grade gold intercepts suggest mineralization extends beyond the historically mined Eagle-Telbel Horizon, indicating the potential for new gold zones.

• Untested Depth Potential – The deepest hole (2,242 m) ended in sulfide mineralization with increasing gold grades, suggesting it may have stopped on the edge of a larger sulfide body, highlighting further exploration potential at depth.

Joutel represents a high-grade past producer with significant exploration upside, leveraging modern geological modeling and new drilling to unlock its full potential.