Apogee Completes Field Program at the Pine Channel Property
Suite 1030 - 505 Burrard Street, Vancouver, BC, Canada, V7X1M5
TSX-V Trading Symbol: APMI
Email: [email protected]
Telephone: (604) 558-5847
Facsimile: (604) 687-3119
October 14th, 2025
News Release
Apogee Completes Field Program at the Pine Channel Property
October 14th, 2025, Vancouver, British Columbia – Apogee Minerals Ltd. (“Apogee” or the
“Company” or the “Optionee”) (TSXV: APMI) has completed a field program with Eagle Plains
Resources (“EPL” or “Eagle Plains”) at the Pine Channel Property, located approximately 40km
km west of Stoney Rapids, Saskatchewan. Apogee holds an option to acquire an 80% interest in
the Property, subject to a 2% NSR held by Eagle Royalties which contains a 1% buy-back clause
to Eagle Plains. The current program was comprised of prospecting and geological mapping, and
was managed by TerraLogic Exploration Inc. of Cranbrook, BC.
Pine Channel Project Map:
https://www.apogeemineralsltd.com/_resources/images/pine-channel-project-map-figure-1.jpg
Pine Channel Property Highlights:
Highlights from documented historical work and previously reported results include:
• Algold Bay: 63.5 g/t Au over 0.6 m (drill hole) (SMDI 1575)
• North Norite Bay: 407.96 g/t Au over 0.5 m (drill hole) (SMDI 2183)
• ELA: 39.96 g/t Au over 0.55 m (drill hole) (SMDI 1574)
• Holes G-1 and G-3: 3.20 g/t Au over 1 m (drill hole) (SMDI 2329)
• Occurrence No. 6/Occurrence No. 8: 90.6 g/t Au over 0.2 m (trench sample) (SMDI 1581)
• Cole Lake Ni-Cu: 0.45% Ni over 7.0 m (drill hole), 6.2 g/t Au, 0.01% Ni and 0.06% Cu over
3.0 m (trench sample) (SMDI 1583)
• Multiple untested geophysical anomalies and mineralized trends associated with
favourable geology
Some of the above results were summarized from Saskatchewan Mineral Deposit Index (“SMDI”)
descriptions and assessment reports filed with the Saskatchewan government. Management
cautions that historical results were collected and reported by past operators and have not been
verified nor confirmed by a Qualified Person, but form a basis for ongoing work in the Pine
Channel property area.
2025 Field Program:
The 2025 field program focused on the Algold Bay Showing area and evaluating structural trends
identified by analyses of high-resolution aeromagnetic data collected in 2022 and 2024 as well as
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high resolution LiDAR and orthophoto data collected in 2022. A total of 64 rock samples were
collected over 6 days and analytical results are pending.
Pine Channel Gold Project Summary:
The Pine Channel Property consists of 29 mineral dispositions covering 6,519 hectares located
approximately 40 km west of Stony Rapids, Saskatchewan which is the logistics/business hub for
northern Saskatchewan. The property can be accessed year -round by f loat- or ski -equipped
aircraft from Stony Rapids or Fort McMurray, AB. The eastern and northern part of the property
is transected by a high voltage powerline. Most geological fieldwork is limited to late May to
October but other operations such as geophysical surveys and diamond drilling can be completed
year-round.
The main deposit type that is being explored for at Pine Channel is structurally controlled vein -
quartz (lode) gold deposits. Mineral occurrences on the Pine Channel Property contain
predominantly gold, with rare base metal occurrences. Within the Pine Channel tenures there are
twenty documented historical showings.
Government mapping in the Pine Channel area dates from 1913, with the first industry work
reported in 1950. A total of 51 assessment reports have been filed within the current Pine Channel
tenure area. Past operators include Golden Rule Resources Ltd. and Colchis Resources Ltd. who
were both active on the project during the 1980’s, the last sustained period of exploration in the
area. The most recent work prior to Eagle Plains acquiring the claims in 2018 was in 2013 when
the area was flown with an airborne Variable Time Domain Electromagnetic (“VTEM”) survey
focused on locating targets for diamond exploration. There has been a total of 6,066 metres of
diamond drilling in 115 historic holes completed within the current Pine Channel property claim
boundaries, with the majority of the holes completed less than 100 metres in length. Although the
wide-spaced drilling did intersect significant gold mineralization in places, much of the drilling was
completed using thin diameter core which is considered ineffective for assessing the high-grade
“nuggety” gold shears and veins found at Pine Channel.
Since acquiring the property, Eagle Plains has completed field programs focused on prospecting
and mapping in areas of known mineral occurrences. The work confirmed the widespread
occurrences of auriferous quartz veins and associated shear systems in the Pine Channel
property. Analytical results from the seventy-two rock samples collected in 2020 range from 6 ppb
Au to 68,400 ppb Au. Twenty -three of the samples returned greater than 1 g/t Au, and eight
returned greater than 10 g/t Au. The most encouraging of the known showings are the ELA Shaft
showing (SMDI 1574) and Occurrence No. 6 and No. 8 (SMDI 1581), which both demonstrate
anomalous gold geochemical results and potential for extension of known mineralization along
strike.
2022 and 2024 work included a helicopter -borne high-resolution aeromagnetic and radiometric
survey and ahigh resolution LiDAR and orthophoto survey. Lineation analyses of the LiDAR
imaging, combined with the aeromagnetic data, defined a number of new targe t areas adjacent
to and along strike from known mineralization, which will be priority targets for future exploration.
Pine Channel Option Agreement Details:
In May 2021, Apogee entered into an option agreement (the Pine Channel Agreement) with Eagle
Plains. The agreement, as amended, gives Apogee the exclusive right to earn an 80% interest in
the Pine Channel Property, by completing CAD $3,000,000 in explorati on expenditures, issuing
2,200,000 voting class common shares to Eagle Plains and making $150,000 in cash payments
over a 5 -year period. Under the terms of the agreement Eagle Plains is designated as the
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Operator of the projects. The original terms of the option agreement have been amended a
number of times in order to extend original expiry dates.
Eagle Royalties Ltd. holds a 2% NSR on the majority of claims comprising the Pine Channel
Property, with Eagle Plains holding the right to buy-back a 1% royalty interest for $CDN 1,000,000,
while an arms -length party holds an underlying 2% royalty on spec ific dispositions comprising
the Pine Channel property, with Eagle Plains holding the right to buy -back a 1% royalty interest
for $CDN 1,000,000.
Qualified Person:
Technical information in this News Release has been reviewed and approved by C.C. Downie,
P.Geo., a director and officer of Eagle Plains, hereby identified as the “Qualified Person” under
N.I. 43-101.
About Apogee Minerals Ltd.:
Apogee Minerals Ltd. is a mineral exploration company. Our goal is to build shareholder value
through mineral project acquisitions and advancement, as well as new mineral discoveries.
To find out more about Apogee Minerals Ltd. (TSX-V: APMI) visit the Company’s website:
www.apogeemineralsltd.com
Apogee Minerals Ltd.
“Tim Fernback”
Tim Fernback
Interim CEO and Director
For further information, please contact:
Apogee Minerals Ltd.
Nicholas Coltura, Director
Email: [email protected]
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statements Regarding Forward-Looking Information
This release includes certain statements that may be deemed to be "forward -looking
statements". All statements in this release, other than statements of historical facts, that address
events or developments that management of the Company expects, are forward -looking
statements. Although management believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those in the forward-
looking statements. The Company undertakes no obligation to update these forward -looking
statements if management's beliefs, estimates or opinions, or other factors, should change.
Factors that could cause actual results to differ materially from those in forward -looking
statements, include market prices, exploration and development successes, continued
availability of capital and financing, and general economic, market or business conditions. Please
see the public filings of the Company at www.sedarplus.ca for further information.
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