Goldcana Reports Phase I Exploration Results on Triple F Gold Project
Goldcana Reports Results from Phase I Exploration on
the Triple F Gold Project
WHITE ROCK, BC / March 19, 2026 / Goldcana Resources Inc. (CSE: GC) ("Goldcana" or the
“Company”) is pleased to announce that it has completed the Phase I exploration program
on the Triple F Gold Project (the “Property” or the “Project”).
The Triple F Gold Property is located in southern British Columbia, approximately 28 km
northwest of Kelowna. Historic exploration on the Property identified an area of gold-bearing
quartz veinlets hosted by weakly altered volcanic agglomerate. On the ba sis of historic
trenching and drilling, gold mineralization has been identified within a 300 x 250 x 250 m
area. The zone remains open in all directions, including to depth. Gold is erratically
distributed, with numerous narrow intervals of high -grade mi neralization within the large
mineralized area. Historic drill intercepts include 10.97 m averaging 0.58 g/t gold, 5.03 m
averaging 1.07 g/t gold and 9.75 m averaging 0.5 0 g/t gold (all in hole DDH88 -04), 8.84 m
averaging 0.69 g/t gold (DDH88-02) and 7.92 m averaging 0.57 g/t gold (DDH89-15), and 3.05
m averaging 3.17 g/t gold (DDH88-06).1,4 The best results from historic trenching include 9.77
g/t gold over 4.0 m and 3.12 g/t gold over 6.0 m.2,3, 4 These grades, combined with the overall
size of the system, suggest potential for a low -grade bulk -tonnage gold system on the
Property.
1 Medford (1989): Diamond Drilling Report on the Flap 1 Claim, Phase 3 Program, for Rea Gold Corp.,
December 1988. BCGS Property File Report 823687
2 Medford (1988): Geological, Geochemical and Geophysical Survey of the Flap 1 and 2 Claims, Phase 2
Program, for Rea Gold Corp., December 1988. Assessment Report 18724
3 Tribe (2010). Assessment Report on the 2009 Trenching and Drilling Program on the Flap Gold Property, for
Molycor Gold Corp. and Goldrea Resources Corp., January 15, 2010. Assessment Report 31407.
4 Kikauka (1996): Geological, Geochemical and Trenching Report on the Flapjack 1-6, Flap 1,2 Claims, for
Veto Resources, Verdstone Gold Corp. and Molycor Gold Corp., December 31, 1996. Assessment Report
24944.
The Company’s Phase 1 exploration program consisted of:
• geological mapping of the central portion of the Project at a scale of 1:1,000 (12.5
hectares) and 1:5,000 (251 hectares);
• a property-wide geochemical survey consisting of 785 soil samples, four stream
sediment samples, and 50 rock samples;
• petrographic analysis of nine samples taken from a historic trench on the
Property; and
• recovery and processing of historic induced polarization survey data
Geological Mapping
Geological mapping was completed to better understand controls to gold mineralization. A
weak shear fabric in outcrop indicat es a potential vector for mineralization . Outcrop is
limited within the project area and the often -recessive nature of these shear
structures/features hinders exploration and suggests the need for future trenching.
Follow-up in an area of shear fabric and carbonate alteration, both characteristic of shear-
hosted gold mineralization, led to a grab sample from outcrop (J040635) which returned 12.5
g/t gold. This sample was collected from within the large area explored by historic trenching
and drilling.
Further detailed mapping is recommended along strike to better define the shear and
potential dilation zones where higher grades may occur.
Soil Geochemistry
Previous work by the Company in 2023 defined a 450 x 450 m gold -tellurium soil
geochemical anomaly, coincident with, and extending beyond the area tested by historic
trenching and drilling. In 2025, soil sampling expanded on the previous survey, resulting in
an extension to the geochemical anomaly by over 300 m to the south . The current area of
anomalous gold and tellurium in soils now measures 825 x 450 m , with values including
0.344 ppm gold, 0.321 ppm gold, 0.225 ppm gold and 0.211 ppm gold. Th e soil anomaly
trends north-northwest and remains open to the south. A weaker, parallel gold-tellurium soil
anomaly, measuring 700 x 200 m in size, is present to the east of the main soil anomaly.
Several exploratory sample lines in 2025 extended 1.2 km west of the main soil anomaly, with
additional single-station gold soil anomalies detected, including one sample returning 0.318
ppm Au. Follow-up is required in these areas.
Rock Samples
Fifty rock samples were collected during the 2025 exploration program. The majority of the
samples were first-pass recce-type samples collected during soil geochemical traverses or
geological mapping. Resampling was done from an accessible historic trench (“Trench 1”),
where a sample from the 2023 program returned 24.6 g/t gold, to confirm grade and
consistency of previous sampling and to gather material for petrographic analysis.
Representative chip samples from “Trench 1” collected in 2025 returned 7.38 g/t gold over
3.2 m, including 1.0 m of 21.0 g/t gold (Sample J040362), corroborating the results obtained
in 2023. A grab sample from outcrop about 90 m to the southwest returned 12.5 g/t gold.
A new area of alteration and mineralization was discovered during 2025, in an area of limited
rock exposure on -trend and about 200 m north of the main soil anomaly. This area is
untested by any p revious exploration. Carbonate alteration, silicification, and quartz
veinlets occur within foliated volcaniclastic subcrop, over a 40 m trend. All 5 grab samples
collected from this area returned elevated gold, including 0.526 ppm gold, 0.136 ppm gold,
0.122 ppm gold, 0.119 ppm gold and 0.099 ppm gold (samples J 040535-537, F484689,
F484695). This area is a high priority for follow-up, including trenching.
Induced Polarization Survey
A 1988 pole-dipole survey by a previous operator covered a 1.5 x 2 km area encompassing
and extending north of the area of historic trenching and drilling. 5 The raw data from the
historic survey was obtained by the Company and reprocessed by Terra Interpretive
Services. A weak north -northwest trending chargeability anomaly was identified, which
coincides with the area of anomalous soils defined in 2023. The area to the south, where
soil sampling in 2025 extended the soil geochemical anomaly by 300 m, was beyond the
limits of the historic survey and the chargeability anomaly remains open in this direction. To
the north, the chargeability anomaly encompasses the newly discovered zone of gold
mineralization. A second weak chargeability anomaly parallels the main anomaly to the
east, and coincides with the eastern parallel gold -tellurium soil anomaly. The results of
reprocessing this historic data has shown that IP can be effectively used, in conjunction with
other methods, to explore areas of cover on the Property.
5 Medford (1988). Geological, Geochemical and Geophysical Survey of the Flap 1 and 2 Claims, Phase 2
Program, for Rea Gold Corp, December 1988. Assessment Report 18724.
Qualified Person
This news release has been reviewed and approved by Linda Caron, M.Sc., P. Eng., who is
acting as the Company’s Qualified Person for the Triple F Gold Project, in accordance with
regulations under NI 43 -101. Ms. Caron is Independent in accordance with Sect ion 1.5 of
National Instrument 43-101.
Disclaimer
With the exception of samples J040626 -635 (representative chip samples from historic “Trench 1” , rock
samples were grab samples collected from outcrop or from occasional float. Grab samples are intended to
indicate the presence or absence of mineralization and are not representative of average grade.
Rock and soil samples described in this news release were sealed on site and delivered to ALS Labs in
Kamloops, B.C. for sample preparation, with analyses at ALS Labs in North Vancouver, B.C. ALS is a certified
analytical laboratory with ISO 17025.2017 certification.
Rock samples were crushed to 2 mm and a 250 -gram sub sample was pulverized with 85% of the sample
passing 75 microns (PREP -31). The sub -sample was analysed using a combination of ALS Labs methods
including Au -AA23 for gold (30 g Fire Assay/AA finish) and ME -MS41 for silver, base metals and other trace
elements (aqua regia digestion and ultra trace level ICP-MS analysis). Samples returning >10 g/t Au by Au-AA23
were analysed by method Au-GRA21 (30 g Fire Assay/gravimetric finish). In addition to the above, chip samples
from historic “Trench 1” were analysed by metallic screen protocol, suitable for samples containing visible gold
(preparation method SCR -21, PUL -32, analytical methods Au -SCR21, Au -GRA21, Au -AA25). For th ese
samples, 1 kg of the prepared pulp was screened to 100 microns. The oversized fraction was analyzed in its
entirety by fire assay with gravimetric finish (Au -GRA21). The undersized fraction was homogenized and two
sub-samples were analyzed by fire assay with AAS finish (Au-AA25). The total gold content for the sample was
calculating from the results of the oversized and undersized fractions.
Soil samples were prepared by method SCR-41, where the sample was sieved to -180 microns (80 mesh), then
a 25-gram sample of the prepared material was analysed for gold plus a multi-element suite by method AuME-
TL43 (aqua regia digestion followed by ICP-MS analysis).
Sampling by the Company in 2023 and 2025 included a QA/QC program, including inserting standards of known
composition into the sample sequence, and collection of field duplicate samples. Results from the Company’s
2023 and 2025 work programs have been verified by a Qualified Person. Historical trench and drill results
reported in the news release are historical in nature and have not been verified by a Qualified Person. Historical
drill and trench intercepts listed are actual core or trench intercepts. Further information is needed to
determine how these core or trench intercepts relate to the true width of mineralization.
About Goldcana Resources Inc.
Goldcana Resources Inc. (CSE: GC) is engaged in the identification, acquisition, exploration
and development of mineral resource projects.
The Company holds the exclusive option to acquire a 100% interest, subject to net smelter
returns royalties ranging from 2% to 3%, in the Triple F Gold Project, which consists of eight
mineral claims covering approximately 851 acres located in the Nicola and Vernon Mining
Divisions, British Columbia approximately 28 kilometres northwest of Kelowna.
ON BEHALF OF GOLDCANA RESOURCES INC.
Clive Brookes
President and Chief Executive Officer
T: 604-630-9794
FORWARD LOOKING INFORMATION
Certain statements in this news release are forward-looking statements, including with respect to future
plans, and other matters. Forward-looking statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such
information can generally be identified by the use of forwarding-looking wording such as "may", "expect",
"estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may
prove to be incorrect. Events or circumstances may cause actual results to differ materially from those
predicted, as a result of num erous known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of the Company, including but not limited to, business, economic and capital
market conditions, the ability to manage operating expenses, and dependence on key personnel. Forward
looking statements in this news release include, but are not limited to, statements respecting: completion
of the option agreement and the completion of additional exploration on the Triple F Gold Project. Such
statements and information are based on numerous assumptions regarding present and future business
strategies and the environment in which the Company will operate in the future, anticipated costs, and
the ability to achieve goa ls. Factors that could cause the actual results to differ materially from those in
forward-looking statements include, the continued availability of capital and financing, litigation, failure
of counterparties to perform their contractual obligations, loss of key employees and consultants, and
general e conomic, market or business conditions. Forward -looking statements contained in this news
release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue
reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news
release. Except as required by law, the Company disclaims any intention and assumes no obligation to
update or revise any forward-looking statements, whether as a result of new information, future events
or otherwise.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility
for the adequacy or accuracy of this news release
Figure 1. Updated Triple F Gold Project Claims Map