Solstice Gold Closes Acquisition of Key Patented Claims Adjacent to Red Cedar Discovery, Warrants exercised for $450,589
Solstice Gold Closes Acquisition of Key Patented Claims Adjacent to Red
Cedar Discovery, Warrants exercised for $450,589
VANCOUVER, British Columbia--(BUSINESS WIRE)--March 3, 2026--Solstice Gold Corp.
(TSXV: SGC) (“Solstice” or the “Company”) is pleased to announce, further to its January 26,
2026 news release, it has closed acquisition of two patented claims totaling 35.6 hectares,
strategically located immediately east of the Red Cedar Discovery at its 100%-owned Strathy
Gold Project (the “Project”) in Ontario.
Solstice also announces the exercise of 9.011 million warrants for Common Shares of the
Company (“Common Shares”) which have an exercise price of CAD$0.05 and expiry date of
March 31, 2026. This cash infusion of $450,589 further strengthens the Company’s balance sheet
and positions Solstice to continue advancing exploration at Strathy. Importantly, a number of
these warrants were exercised by Company insiders, underscoring their continued commitment
and confidence in Strathy.
Pablo McDonald, CEO, stated, “The strong support we’ve received from Solstice’s shareholders,
including company insiders, speaks volumes about our exceptional potential here at Strathy.
With our 2026 drill program now underway, this additional capital ensures we remain well-
funded to systematically drill test and expand upon the Red Cedar Discovery. Combined with the
acquisition of key patented ground adjacent to Red Cedar, we believe Solstice is exceptionally
well positioned heading into what we expect to be a highly catalytic first half of 2026.”
Highlights of Land Acquisition
• The newly acquired claims are directly contiguous to Solstice’s core claim block and
further expand our commanding district landholdings.
• The large IP anomaly in which the Red Cedar Discovery was made lies directly adjacent
to the newly acquired claims, and likely expands onto these claims (Figure 1)
• The Red Cedar Discovery of 8.5 g/t Au over 3.5 m (including 28.7 g/t over 1.0 m, core
length; see news release dated August 13, 2025) is now buffered by a significant area of
patented land, enhancing both strategic control and exploration upside at Strathy.
With drilling ongoing, strengthened financial flexibility, and an expanded land position around
its high-grade discovery, Solstice enters 2026 with strong momentum and multiple opportunities
to unlock additional value at Strathy.
Purchase Agreement
Pursuant to a purchase agreement, the Company paid $40,000 and issued 307,692 Common
Shares to an arm’s length party as consideration for the two patented claims. The Common
Shares are subject to a hold period of four months and one day from closing in accordance with
applicable Canadian securities laws and the policies of the TSX Venture Exchange (the
“TSXV”).
About the Strathy Gold Project
The Strathy Gold Project is an extensive 46 km2 land package in the Archean-age Temagami
Greenstone Belt, which is the southernmost extension of the Abitibi Subprovince in Ontario.
Solstice’s first drill program on the Project intercepted the Red Cedar Discovery; an intercept of
8.52 g/t Au over 3.5m including 28.7g/t over 1.0m (core lengths). The discovery hole is located
in the largest IP anomaly on the Project which is open to the north and east. Located on the Trans
Canada Highway, the Project has excellent access to infrastructure and mining expertise. In
addition to the recent Red Cedar discovery, the Strathy Gold Project contains documented,
widespread high-grade gold mineralization, hosting historic intercepts of 5.00 g/t Au over
17.28m and 7.66 g/t Au over 7.25m (core lengths) at vertical depths of approximately 50-100
metres below surface1, and documented surface sample results of up to 62.7 g/t Au2. Despite this
demonstrated prospectivity, the core claims at Strathy have not been systemically explored in the
past.
References:
1. OGS Assessment file No. 31M04SW0088
2. Wabana Exploration Assessment Report, file No. 31M04SE2005
Historical Sampling and Drilling Data and Information
The sampling and drilling data and information presented in this news release (the “Historical
Exploration Information”) is historical in nature. The reader is cautioned that the Historical
Exploration Information is based on prior data and reports previously prepared by third parties
without the involvement of Solstice. Solstice has not undertaken any independent investigation,
nor has it independently analyzed the results of the Historical Exploration Information in order to
verify the results. The reader is cautioned not to treat Historical Exploration Information, or any
part of it, as current and that a qualified person has not done sufficient work to verify the results
and that they may not form a reliable guide to future results. No independent quality
assurance/quality control protocols are known for these historic samples and drill holes and
therefore the Historical Exploration Information may be unreliable. Solstice considers these
historical drill results relevant as the Company will use this data as a guide to plan future
exploration and drilling programs. Solstice considers the data to be reliable for these purposes,
however, the Company's future exploration work will include verification of the data through
drilling.
About Solstice Gold Corp.
Solstice is an exploration company with quality, district-scale gold projects in established mining
regions of Canada. Our 46 km2 Strathy Gold Project hosts high grade gold mineralization over a
wide area straddling two NE-SW-trending structures. It is located in the Abitibi Subprovince of
the Superior Craton and has never been systematically explored in its history. A 2024 17.5 line
km Alpha IP survey defines 50 new targets on SGC claims, and a follow-up 2025 IP survey of
17.2 line km shows that the largest IP anomaly is larger than originally measured. Large,
continuous IP anomalies are structurally linked to areas of significant gold intercepts and are
largely untested, presenting the opportunity for significant discovery.
Our Qaiqtuq Gold Project which covers 662 km2, hosts a 10 km2 high grade gold boulder field, is
fully permitted and hosts multiple drill-ready targets. Qaiqtuq is located in Nunavut, only 26 km
from Rankin Inlet and approximately 7 km from the Meliadine Gold Mine owned by Agnico
Eagle Mines Limited.
Our district-scale Atikokan Gold Project is approximately 26 km from the Hammond Reef Gold
Project owned by Agnico Eagle Mines Limited. Our 194 km2 Red Lake Extension (RLX) and
New Frontier projects are located at the northwestern extension of the prolific Red Lake Camp in
Ontario and approximately 45 km from the Red Lake Mine Complex owned by Evolution
Mining.
Solstice is committed to responsible exploration and development in the communities in which
we work. For more details on Solstice Gold, our exploration projects and details on our recently
acquired portfolio of projects please see our Corporate Presentation available at
www.solsticegold.com.
Solstice’s Chairman, David Adamson, was a co-award winner for the discovery of Battle North
Gold Corporation's Bateman Gold deposit and was instrumental in the acquisition of many of the
district properties in the Battle North portfolio during his successful 16 years of exploration in
the Red Lake.
Paul Chamois, M.Sc. P.Geo., Senior Geologist, is the Qualified Person as defined by NI 43-101
standards responsible for reviewing and approving the technical disclosures of this news release.
Neither 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.
On Behalf of Solstice Gold Corp.
Pablo McDonald, Chief Executive Officer
Forward-Looking Statements and Additional Cautionary Language
This news release contains certain forward-looking statements (“FLS”) including, but not limited
to the Company’s drill testing and expansion at the Red Cedar Discovery and unlocking value.
FLS can often be identified by forward-looking words such as “approximate or (~)”, “emerging”,
“goal”, “plan”, “intent”, “estimate”, “expects”, “potential”, “scheduled”, “may” and “will” or
similar words suggesting future outcomes or other expectations, beliefs, plans, objectives,
assumptions, intentions or statements about future events or performance. The Company
disclaims any intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, save and except as may be
required by applicable securities laws.
Since forward-looking information address future events and conditions, by their very nature
they involve inherent risks and uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These risks include, but are not limited
to risks generally related to the acquisition and integration of properties into the Company’s
current property holdings and general risks relating to the Company’s business including there is
no guarantee that continued exploration at Solstice exploration projects, all of which are at an
early stage of exploration, will lead to the discovery of an economic gold deposit, the ability of
the Company to continue exploration at its projects and the risk of future lack of access to the
projects as a result thereof, delays in obtaining or failures to obtain required governmental,
environmental or other project approvals, inability to locate source rocks, inflation, changes in
exchange rates, fluctuations in commodity prices, delays in the development of projects,
regulatory approvals and other factors. FLS are subject to risks, uncertainties and other factors
that could cause actual results to differ materially from expected results.
All forward-looking statements are based on the Company’s current beliefs as well as various
assumptions made by Company management and information currently available to them
including that testing and expansion at the Red Cedar Discovery may not occur when anticipated
or at all. There can be no assurance that such assumptions will prove to be accurate and actual
results and future events could differ materially from those anticipated in such. Forward looking
statements reflect the beliefs, opinions and projections on the date the statements are made and
are based upon a number of assumptions and estimates that, while considered reasonable, are
inherently subject to significant business, economic, competitive, political and social
uncertainties and contingencies.
Contacts
For further information on Solstice Gold Corp., please visit our website at www.solsticegold.com
or contact:
Phone: (604) 283-7234