BTU Acquires Property East of Great Bear’s World Class Dixie Gold Deposit and Their New Strider Gold Discovery
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BTU Acquires Property East of Great Bear’s World Class Dixie Gold Deposit and Their New Strider Gold Discovery
May 13, 2026, Vancouver, BC, Canada – BTU METALS CORP. (“BTU” or the “Company”) (BTU-TSX:V BTUMF-OTC) is
pleased to announce it has signed an option to acquire a 100% interest in the Dixie East Block 2 property located
approximately 30 km east of the Kinross ‘World Class’ Great Bear (“GBR”) Dixie Project, southeast of Red Lake, Ontario.
The claim package consists of 49 mining claims covering 2,450 acres approximately 2 kilometres northeast of the recently
acquired Dixie East Project (see PR dated October 27, 2025), referred to as Dixie East Block 1 (See Figure 1).
New Property Acquisition Highlights:
• Strategic Land Expansion in Tier-1 Red Lake District: Option to acquire a 100% interest in the Dixie East Block 2
claims, located approximately 30 km east of the Great Bear Dixie Project, further consolidating the Company’s
position near Canada’s newest World Class gold discovery.
• District-Scale Upside Along Prospective Mineral Corridor: Newly acquired claims are underexplored and situated
within the interpreted location of the same generally east trending structural corridor that hosts gold and base
metal mineralization regionally, enhancing the broader exploration potential of the Dixie East Project and
supporting a district-scale growth strategy.
• Recent Research Initiatives Identified Deep Regional Structures: cutting through the area, these structures
include the host for gold at the Great Bear deposit – the LP fault – The actual data supporting the location of the
LP (lithoprobe) structure was collected along Highway 105 roughly halfway between the Great Bear Gold Deposit
and the Dixie East area.1
• New scientific research : has determined the age of the Great B ear main gold mineralizing event to be much
younger than the enclosing host rocks, highlighting the strong association of structure and the gold mineralization.
The study also highlights the association of gold mineralization with highly deformed felsic intrusive rocks similar
to those found in some historic drill holes in the Dixie East area.
• Kinross Discovers New Gold Mineralization: recently disclosed high grade gold results up to 2 15.4 g/t gold over
2.1 metres at a location called Strider, 2.4 kilometres east of the Viggo gold area and planned open pit, indicating
the Great Bear gold mineralization is more extensive than previously known.2
• Low-Cost Option with Strong Leverage to Discovery: BTU can earn 100% interest in the property through modest
staged payments totalling $78,000 and issuing 400,000 shares to the vendor over four years, thereby providing
cost-effective exposure to exploration upside with minimal near-term financial burden.
Figure 1: Dixie East Project Regional Map
Paul Wood, CEO, commented: “We’re very pleased to expand our total footprint in the Dixie East area with the acquisition
of this prospective land package, a strategic addition that strengthens the long-term potential of our existing Dixie East
project. This move positions us to unlock new opportunities for growth, value creation, and sustained success in an
increasingly dynamic gold market.
Terms of the Dixie East Transaction
To acquire 100% interest in the Dixie East Block 2 claims (49) the Company is required to make cumulative cash payments
of $78,000 over 4 years and is required to issue 400,000 shares to the vendor. This transaction is subject to approval by
the TSXV. The shares issued will be subject to normal course trading restrictions.
Qualified Person
Bruce Durham, P. Geo., VP Exploration of the Company is a qualified person as defined by National Instrument 43-101 and
has reviewed and approved the technical information in this press release.
About BTU
BTU Metals Corp. is a junior mining exploration company. BTU’s primary assets are the Dixie Halo Project located in Red
Lake, Ontario (optioned to Kinross) immediately adjacent to the Kinross Great Bear Project and its gold and critical
minerals properties in the active Wawa gold district. The Company continues to look to acquire high quality exploration
projects to add to its portfolio for the benefit of its stakeholders. The Company has no debt and minimal property
obligations.
References
1 Red Lake Lithoprobe Cross-Section, Zeng & Calvert, 2006.
2 Kinross News Release – “Kinross reports strong 2025 first-quarter results” Link
ON BEHALF OF THE BOARD
“Paul Wood”
Paul Wood, CEO, Director
BTU Metals Corp.
Telephone: 1-604-683-3995
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