1911 Gold Files NI 43-101 PEA Technical Report for the True North Gold Project
1911 Gold Files NI 43-101 PEA Technical Report for the True North
Gold Project
Vancouver, British Columbia , March 27, 2026 – 1911 Gold Corporation ("1911 Gold " or the
"Company") (TSXV: AUMB; OTCQX: AUMBF; FRA: 2KY) is pleased to announce that, further to the press
release dated February 10, 2026, it has filed a Preliminary Economic Assessment (“PEA”) Technical Report
for the 100% -wholly owned True North Gold Project (“ True North ”, which includes the mine and mill
complex), located in southeastern Manitoba, Canada.
The technical report was prepared by AMC Mining Consultants (Canada) Ltd., in accordance with National
Instrument 43 -101 Standards of Disclosure for Mineral Projects , and the “Qualified Persons”, as
referenced in the technical report, have the ability and authority to verify the authenticity and validity of this
data and are independent from the Company.
The technical report titled “1911 Gold True North PEA”, dated March 27, 2026, with an effective date of
February 10, 2026, has been filed on SEDAR+ at www.sedarplus.ca, and is also available on the
Company’s website at www.1911Gold.com.
True North PEA
The PEA outlines a robust gold mining operation utilizing the fully built and permitted infrastructure,
including shafts, underground workings, and the processing and tailings management facility. 1911 Gold
has estimated the infrastructure replacement value as being in excess of $400 million , providing a low
capital requirement and a high profitability index of 6.6 . The plan outlines an economic base -case
production restart strategy (at a gold price of US$3,000 per ounce) outlining initial steady-state production
of 58,114 ounces per annum with a mine life of 11 years.
Qualified Person Statement
The scientific and technical information contained in this news release has been reviewed and approved
by Michele Della Libera, P.Geo., Vice President of Exploration, and Seok Joon Kim, P.Eng., Chief Engineer
of 1911 Gold, who are Qualified Persons within the meaning of NI 43-101.
About 1911 Gold Corporation
1911 Gold is an advanced gold explorer and developer focused on its 100%-owned True North Gold Project
in the Archean Rice Lake Greenstone Belt in Manitoba, Canada. The Company controls a large, highly
prospective ~62,000-hectare land package with numerous past -producing gold operations within trucking
distance of the fully built and permitted True North mine and mill complex. 1911 Gold is positioning itself to
restart operations in 2027 and offers a unique, near-term production opportunity with significant exploration
upside. The strategy is to build a district -scale gold mining operation around a central, and readily
expandable infrastructure complex to support a socially and environmentally responsible, long-term mining
operation with little development risk and a growing mineral resource base.
1911 Gold's True North complex and the exploration land package are located within and among the First
Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks
forward to maintaining open, cooperative, and respectful communications with all of our local communities
and stakeholders to foster mutually beneficial working relationships.
ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO
For further information, please contact:
Shaun Heinrichs
Chief Executive Officer
2
(604) 674-1293
www.1911gold.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release may contain forward -looking statements. Often, but not always, forward -looking
statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate",
or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions,
events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
All forward -looking statements reflect the Company's beliefs and assumptions based on information
available at the time the statements were made. Actual results or events may differ from those predicted in
these forward-looking statements. All of the Compa ny's forward-looking statements are qualified by the
assumptions that are stated or inherent in such forward -looking statements, including the assumptions
listed below. Although the Company believes that these assumptions are reasonable, this list is not
exhaustive of factors that may affect any of the forward-looking statements.
Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and
other factors which may cause the actual results, performance or achievements to be materially different
from any future results, prediction, projection, forecast, performance or achievements expressed or implied
by the forward-looking statements. All statements that address expectations or projections about the future,
including, but not limited to, the Company’s current business plans , including all statements that address
expectations or projections about the future, including, but no t limited to, statements about the PEA
including the results of the PEA as outlined in the technical report , including without limitation, project
economics and financial and operational parameters (throughput, production, processing, cash costs,
AISC, other costs, capital expenditures, revenue, free cash flow, NPV, IRR, payback period, and LOM), the
mine design, the completion and timing of future development studies; estimates of metallurgical recovery
rates and anticipated advancement of True North and the timing thereof, the price of gold assumptions and
estimates, requirements for additional capital, discussion and details around upside potential and future
exploration prospects, the estimation of mineral resources and the realization of mineral resource
estimates, future technical studies for True North and various exploration targets, and the timing and results
thereof.
Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or
results to differ materially from those described in forward -looking statements, there may be other factors
that cause actions, events or results not to be as anticipated, estimated or intended. There can be no
assurance that forward -looking statements will prove to be accurate, as a ctual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers sh ould not place
undue reliance on forward-looking statements.
In addition, readers are directed to review the detailed risk discussion in the Company’s Annual
Management’s Discussion & Analysis for the year ended December 31, 202 5, filed on SEDAR+, which
discussions are incorporated by reference in this news release, for a fuller understanding of the risks and
uncertainties that affect the Company’s business and operations.
All forward-looking statements contained in this news release are given as of the date hereof. 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, except in accordance with applicable securities laws.
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.