Promising drilling results beyond existing resource indicate potential for additional growth.

Cedar Bay Prospect Results: The first drill hole at Cedar Bay within the Chibougamau Project returned significant results, including 10.6m at 4.1g/t AuEq, with a high-grade intersection of 29.1g/t AuEq over 0.4m, indicating strong potential for resource growth.

Corner Bay Deposit Findings: Additional drilling at the Corner Bay deposit revealed intersections outside the current resource, including 3.1m at 4.9% CuEq, further highlighting the potential for resource expansion in this flagship asset.

Resource Growth and Infrastructure: Cygnus Metals has increased the global resource estimate for the Chibougamau Project by 29%, totaling 6.4Mt at 3.0% CuEq, supported by established infrastructure such as a processing facility, sealed highway, and hydro power.

Ongoing Exploration Strategy: The company is actively pursuing further exploration and resource conversion, utilizing innovative AI solutions to identify new targets, with plans to incorporate current findings into an updated economic study reflecting current metal prices.