1911 Gold Positions Itself as an Emerging Gold Producer with Long-Term Growth Opportunities
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1911 Gold Positions Itself as an Emerging Gold Producer with
Long-Term Growth Opportunities
Vancouver, British Columbia , January 15, 2026 – 1911 Gold Corporation ("1911 Gold " or the
"Company") (TSXV: AUMB; OTC QX: AUMBF; FRA: 2KY) is pleased to provide a summary of key
milestones achieved in 2025 and outlines the plan for 2026 as 1911 Gold advances towards a mine restart
at its 100% owned True North Gold Project (which includes the mine and mill complex, “ True North ”)
located in southeastern Manitoba, Canada.
During 2025, the Company successfully transitioned into an advanced -stage developer with near -term
production potential. This transformation was driven by exploration success within the mine lease footprint
as well as the re -entry into the underground mine, followed by the commencement of underground
development and 1911 Gold’s first underground drill program. To support t his growth, the Company
strengthened its leadership team and site personnel and intensified its capital market presence to expand
visibility and reach new investors . These steps allowed the Company to secure the capital required to
undertake an aggressive 2026 exploration and development plan and realize d an annual share price
increase of 468%.
"Over the last year we have continued to intensify our focus on our goal of returning to production in 2027.
2025 was a pivotal year on this path as we returned to the underground mine, confident with the team we
had built and the results our exploration team achieved on surface,” stated Shaun Heinrichs, President
and CEO. “Our biggest challenge to date has been to prioritize our efforts given the multiple opportunities
we see ahead of us. The PEA we plan to release for True North in the coming weeks, which provides
detailed information on our mine plan , the project economics , and future opportunities , will also be
instrumental in prioritizing our drill program over the coming year.
As we move into 2026, we aim to build on this framework by advancing toward a Pre-Feasibility Study and
an updated global resource estimate incorporating our 2024 - 2026 drill results. On behalf of the board of
directors, I wish to thank all of our stakeholders, including employees, suppliers and contractors, our local
communities and the Province of Manitoba, as well as our supportive shareholders and strategic partners.
The 1911 Gold story is only just beginning, and supported by buoyant gold prices, 2026 is poised to deliver
continued value growth.”
2025 Key Milestones:
Corporate Highlights
• Realized a share price increase of 468%, ending the year with a market capitalization of
C$270 million (“M”)
• The Company raised a total of C$36.2M (see press releases dated July 17, 2025 and December
4, 2025 ) over two financings with strong institutional support to fund the exploration and
development plans in 2025 and 2026
• The Manitoba Mineral Development Fund (MMDF) approved two grants in 2025, for C$286,000
(April 9, 2025 ) and for $300,000 (November 14, 2025 ), to support the ongoing surface and
underground drill programs at True North
• 1911 Gold’s common shares graduated to the OTCQX Best Market in the United States, which
requires meeting stringent financial and corporate governance standards, providing further
confidence and visibility to U.S. institutional and retail investors (December 16, 2025)
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Team
• Strengthened the senior management team with the appointment of Éric Vinet as Chief Operating
Officer, to spearhead the Company’s development and operational restart strategy , along with
several key technical and site personnel (April 9, and October 28, 2025), and the engagement of
Suzette Ramcharan of WIN Expertise Inc., providing investor relations and corporate
communications services (August 15, 2025)
Exploration
• Filed a NI 43-101 Technical Report for the updated Mineral Resource Estimate (“ MRE”) at True
North outlining indicated resources of 499,000 ounces (“oz”), 3, 516, 000 tonnes at 4.41 grams
per tonne gold (“g/t”, “Au”), and inferred resources of 644,000 oz, 5,490,000 tonnes at 3.65 g/t Au
(January 2, 2025 ). This resource will be the foundation of the upcoming Preliminary Economic
Assessment report (“PEA”).
• Completed 20,342 metres (“m”) of surface exploration drilling in 71 holes targeting three (3)
newly identified and prospective areas where mineralized shear zones intersect with favourable
host rocks:
San Antonio West (“SAM W”) covers the western extension of the historically mined San Antonio
zone of the True North mine mineralized vein system, located at the intersection of the Cartwright
South shear zone and the San Antonio mafic (“ SAM”) gabbro unit. Drilling to date has confirmed
quartz vein-hosted gold mineralization to a depth of 630 m. Highlighted drill intercepts include:
o TN-24-006 intersected 3.70 g/t Au over 4.84 m, including 7.23 g/t Au over 1.05 m
(125 m depth) (February 4, 2025);
o TN-25-037 intersected 62.40 g/t Au over 1.00 m (65 m depth) and 4.17 g/t Au over
4.50 m (129 m depth) (April 30, 2025);
o TN-25-057 intersected 58.66 g/t Au over 1.40 m (145 m depth), including 63.20 g/t Au
over 0.90 m , and TN-25-056 intersected 9.59 g/t Au over 2.30 m (103 m depth),
including 11.25 g/t Au over 1.80 m (June 10, 2025);
o TN-25-061 intersected 8.75 g/t Au over 2.60 m (294 m depth), including 18.00 g/t Au
over 1.00 m (November 11, 2025); and
o TN-25-064 intersected 25.84 g/t Au over 2.60 m (490 m depth), including 46.00 g/t Au
over 1.00 m, and TN-25-067 intersected 4.04 g/t Au over 5.80 m (at 468m depth),
including 23.90 g/t Au over 0.50 m (November 11, 2025)
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San Antonio SE (“SAM SE”) is the southeastern extension of the known gold mineralization within
the San Antonio vein system, located at the intersection of the L10 shear zone and the SAM gabbro
unit. Drilling to date confirmed the down-dip extensions of quartz vein -hosted gold mineralization
by 745 m. Highlighted drill intercepts include:
o TN-25-021 intersected 6.46 g/t Au over 2.20 m (60 m depth), including 21.80 g/t Au
over 0.50 m (February 26, 2025);
o TN-25-034 intersected 7.13 g/t Au over 2.10 m (99 m depth), including 12.80 g/t Au
over 1.00 m, and 14.97 g/t Au over 2.70 m (145 m depth), and TN-25-033A intersected
5.34 g/t Au over 6.00 m (122 m depth), including 7.32 g/t Au over 1.20 m (April 1,
2025);
o TN-25-033 intersected 5.52 g/t Au over 6.50 m (111 m depth), including 7.78 g/t Au
over 1.70 m, and 54.00 g/t Au over 0.50 m (121 m depth) (August 7, 2025); and
o TN-25-065 intersected 12.69 g/t Au over 2.40 m (472 m depth), including 15.20 g/t Au
over 0.70 m (October 7, 2025)
Shore Target is a newly identified target and is hosted with the SAM gabbro unit at the intersection
of the 007 shear zone, approximately 500 m southeast of the L10 shear (where SAM SE is
situated). Drilling highlights include:
o TN-25-019 intersected 13.20 g/t Au over 0.50 m (at 25 3 m depth), and TN -25-070
intersected 33.80 g/t Au over 0.80 m (at 503 m depth) (October 7, 2025)
• Commenced a 2,200-m surface drill program at Ogama -Rockland (one of the most advanced
and immediately accretive regional deposits), a past producer with an NI 43-101 compliant mineral
resource located 27km southeast of True North. Metallurgical test work will be conducted, and an
updated underground MRE is anticipated following completion of the drill program. (December 17,
2025)
Operations
• Re-commissioned the True North mine hoist system in the A Shaft (the main shaft for the
mine) and completed all necessary electrical and mechanical work down to Level 16. This level is
one of the key levels in the underground mine, with a fully equipped maintenance bay, refuge
stations, and multiple drill bay areas providing positioning for underground drills to target areas for
resource expansion and infill, as well as further extending the surface drill results achieved at the
SAM SE and Shore targets at depth (April 9, 2025)
• Engaged AMC Consultants (Toronto) , to complete a PEA study for True North , to further
de-risk and advance the restart of underground mining operations (August 28, 2025)
• Commenced the Company’s first underground drill program, focused initially on resource
extension and expansion of the L10 and Hinge resource areas, and completed confirmation infill
drilling in these areas for possible test mining in 2026, as well as exploration drilling on the SAM
SE and Shore targets. (September 25, 2025)
Media Highlights from 2025:
• The Return of Gold Mining in Manitoba: True North Mine to Reopen
• Don Durett (Gold Stock Data) introduction to 1911 Gold (Sept 2025)
• Gold Newsletter Recap at New Orleans Investment Conference (Nov 2025)
• Adelaide Capital Giveback Webinar Series (Dec 2025)
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2026 Outlook:
2026 is poised to be another transformative year as 1911 Gold accelerates underground activities in
anticipation of a 2027 production restart. Following the release of the PEA, the Company will launch an
extensive infill and delineation drill program specifically targeting near-term mining blocks. To support this,
the drill rig count will be increased, with a continued balance between resource expansion and critical path
delineation.
Critical operational steps to be taken in 2026 include:
• Infrastructure and Mill Optimization: Completion of a new 1,500 tonne-per-day crushing circuit and
optimizing mill operations to rectify historical bottlenecks and enhance recovery performance over
previous operations.
• Mine Readiness: Completing dewatering of the loading pocket area at the bottom of the A Shaft , to
allow for development on Level 26 (1,145-m depth), including rehabilitating the ore pass from Level 16
(695-m depth), completion of drill bay areas to increase access to deeper zones, and to commence
development of the 710 zone as well as inspect D Shaft and begin preparations for accessing the lower
levels.
• Strategic Workforce Expansion: Leveraging a highly experienced site leadership team that continues
to attract top -tier technical talent to grow our workforce, while fostering a culture rooted in safety,
responsibility, and operational excellence.
• District-Scale Exploration: Maintaining a robust surface exploration program to test high-priority near
mine and regional targets, ensuring a continuous pipeline of growth beyond the immediate restart
areas.
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2026 Milestones & Catalysts:
The Company is pleased to provide a summary of milestones and catalysts for 2026 . As the operational
developments progress and 1911 Gold continues to de -risk the potential mining operation and restart
strategy, the valuation should start to reflect that of a near-term, fully permitted production story.
Note: Timeline is for guidance purposes only and is subject to change
Grant of Deferred Share Units
The Company has issued 125,000 deferred share units (“ DSUs”) to four directors under the Company’s
Long-Term Incentive Plan in respect of director fees incurred in the fourth quarter of 2025. Each DSU
entitles the holder to receive one share of the Company, or in certain circumstances a cash payment equal
to the value of one share of the Company, at the time the holder ceases to be a director of the Company.
Qualified Person Statement
The scientific and technical information in this news release has been reviewed and approved by Mr.
Michele Della Libera, P.Geo, Vice President Exploration of 1911 Gold, who is a “Qualified Person” as
defined under 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 story with significant explo ration
upside. The strategy is to build a district -scale gold mining operation around a centralized, and readily
expandable infrastructure 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.
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ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO
For further information, please contact:
Shaun Heinrichs
Chief Executive Officer
(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, predictions, projections, forecasts , 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, statements about exploration plans , including the size of the
program, completion of an updated NI 43-101 mineral resource estimate for Ogama-Rockland and a global
mineral resource update, and the timing and results thereof, underground activities, commissioning of the
mill and processing test mining material, generatio n of cash flows from gold sales and the timing around
each of these items, and an updated PFS and the timing and results thereof , are forward -looking
statements. 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 actual results and future events
could differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements.
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.
SOURCE: 1911 Gold