Saturday, September 26, 2026
MiningNewsTerminal
Saturday, September 26, 2026 Admin

GX.V ·

Guardian ExploraƟon Concludes 2025 Field Work at Sundog Gold Project; Reports Preliminary High Grade Gold Results

Drill Results Exploration Programs

{00800699 v5}

GUARDIAN EXPLORATION INC.

NEWS RELEASE

Guardian ExploraƟon Concludes 2025 Field Work at Sundog Gold Project; Reports Preliminary

High Grade Gold Results

For Immediate Release

Calgary, Alberta – November 12, 2025 — Guardian ExploraƟon Inc. (TSXV: GX) (OTCQB: GXUSF)

(Frankfurt: R6B) (“Guardian” or the “Company”) is pleased to announce the successful

compleƟon of its 2025 field program at the Sundog Gold Project in the Kivalliq Region of

Nunavut and to report significant gold assay results.

Guardian’s Sundog property spans 94.15 km² (23,265 acres) within the central Ennadai–Rankin

Archean greenstone belt, a major Neoarchean supracrustal complex comprising volcaniclasƟcs,

mafic volcanic flows, and clasƟc sedimentary units that were later deformed by

Paleoproterozoic shear zones. Guardian’s Sundog and Esker Gold projects lie within the Central

Hearne domain of the Hearne Craton, part of the Western Churchill Province of the Canadian

Shield—an area that preserves one of the world’s largest and most prospecƟve Archean

greenstone terranes.

The Ennadai–Rankin greenstone belt covers more than 100,000 km² (38,610 sq. miles) and

represents both a regionally extensive straƟgraphic package and a major gold metallotect. It

hosts several significant deposits and gold-bearing systems, most notably the world-class

Meliadine mine, which has produced more than 2 million ounces of gold and contains an

addiƟonal 7+ million ounces in reserves and resources (Agnico Eagle, 2024).

AddiƟonally, the region includes the historic Cullaton Lake mine, located near the Shear Lake

deposit. The Cullaton operaƟon produced approximately 200,000 ounces of gold during its years

of acƟvity in the early to mid-1980s (1981–1985), further underscoring the gold endowment of

the Central Hearne domain.

Within this geological context, the Sundog Gold Project is underlain by Archean volcanic and

sedimentary rocks of the Henik Group, which are unconformably overlain by Hurwitz Group

sediments—an architecture typical of producƟve gold-bearing greenstone terranes across the

Canadian Shield.

The 2025 Sundog field program was conducted from September 1 to October 7, 2025,

comprising geological mapping, structural interpretaƟon, trenching, prospecƟng, and grid

establishment across the northern porƟon of the property. A total of 248 rock samples were

collected within the Sundog project area for analysis, including 86 cut channel samples from

- 2 -

{00800699 v5}

historic trenches 8, 9B, 10, 17 and 29. The program successfully confirmed mulƟple gold-bearing

structures and expanded the known footprint of mineralizaƟon.

Guardian established a 10-12 person field camp at the Cullaton lake airstrip, adjacent to the

historic Cullaton Lake mine, and located 18km SW of the Sundog exploraƟon area, which will be

used for planned 2026 field work. The airstrip was used in 2025 for landing DC-3 fixed wing

aircraŌ, and historically has served larger cargo planes.

(a) Guardian’s Cullaton Lake exploraƟon

camp.

(b) Cullaton airstrip, capable of receiving

DC-3 aircraŌ.

The following reports the results of the Sundog field program. Guardian did not undertake work

to establish the existence of any mineral resources or mineral reserves as defined by NaƟonal

Instrument 43-101 and none are reported herein. It is uncertain if future exploraƟon will result

in definiƟon of mineral resources or mineral reserves.

The Sundog gold occurrence was first discovered in 1962. Subsequent follow-up work by

Abermin CorporaƟon in the Fall of 1987 included a one-month field program of detailed

geological mapping of a gridded area, Very Low-Frequency (“VLF”) ground geophysics, a humus

geochemical survey and a program of excavaƟon and mapping of 38 hand trenches, 27 of which

were sampled and assayed.

As part of Guardian’s 2025 field work program all historical trenches from 1987 Sundog work

programs were relocated with the objecƟve of confirming historical work and observaƟons, as

well as resampling of significant gold-bearing intervals within historical trenches. Three new

trenches were excavated and sampled (9B, 40 and 41) and 9 historical trenches were re-

excavated, enlarged, and sampled (8, 9, 10, 11, 12, 17, 29, 30 and 31). Numerous grab and

channel samples returned >10 g/t Au, with peak values up to 34.45 g/t Au.

- 3 -

{00800699 v5}

(c) Sundog traverse, baseline, and sample sites. (d) Samples prepped for transport.

Two significant conclusions from a brief report produced by ScoƩ Anderson, Ph.D., P .Geo.,

following a site visit from Sept 18 – 22, include:

 Gold-bearing veins at Sundog are mainly hosted in competent mafic–intermediate

intrusive sills with weak to negligible ducƟle fabrics, indicaƟng that competency contrast

likely focused quartz veining and mineralizaƟon. These sills form shallowly east- and

northeast-dipping structural panels, suggesƟng exploraƟon potenƟal at depth to the east

or along strike to the north and south.

 Veins are primarily associated with steep NNE–SSW briƩle-dominant structures, but the

presence of shallow, low-angle ducƟle fabrics and high-strain zones indicates addiƟonal

potenƟal for flat-lying mineralized zones, either within fractured favourable rock sheets

or along flat-lying high-strain zones.

Broad zones of anomalous mineralizaƟon (>0.5 g/t Au) have been idenƟfied in quartz–

carbonate–sulphide veining hosted within dominantly metavolcanic rocks and possible fine-

- 4 -

{00800699 v5}

grained gabbro sills, as reinterpreted from earlier mapping. Further work in 2026 will be

required to confirm these lithological relaƟonships.

Panning of soils and weathered bedrock from trench and historical sample sites confirmed the

presence of coarse, recoverable gold, consistent with gold reported in prior exploraƟon by

Abermin CorporaƟon (1987) and subsequent programs by other operators.

(e) Gold grains recovered from Sundog Trenches

- 5 -

{00800699 v5}

(f) Visible gold in cut channel sample 291634. Pencil

indicated locaƟon of gold grain.

IniƟal grab sampling included 162 samples of quartz vein and mafic volcanic wall rock from

float, outcrop and trenches. Significant grab/chip sample results are presented in Table 1 below.

Note that grab/chip samples are selecƟve in nature and may not represent the overall grade or

width of mineralizaƟon.

Table 1: Significant Grab / Chip Sample Results

Sample

Number LocaƟon

2025 Result

by

Photonassay

(g/t Au)

Overlapping/Adjacent 1987

Chip/Grab Sampling

Results

29501 South of Trench 29; Grab/

Float (source unknown) 6.041

291579 Trench 8; Discont. chip from

12cm vein 2.339 KR-SD-87207; 2.958 g/t Au

from metallic screen assay.

291587 Trench 9; Discont. chip from

10cm vein 5.726

291590

Trench 9: 20-25cm discont.

chip of altered mafic

volcanic

1.242 KR-SD-87293; 16.787 g/t Au

from metallic screen assay.

- 6 -

{00800699 v5}

291591

Trench 10; Discont. chip

from 35cm QV and altered

mafic volcanic

3.994 KR-SD-87271; 7.996 g/t Au

from metallic screen assay.

291592 Trench 10; Discont. chip

from 15cm quartz vein 20.177

291593 Trench 10; Discont. chip

from 10-12cm quartz vein 34.45 KR-SD-87275; 4.12 g/t Au

from metallic screen assay.

291594 Trench 10; Discont. chip;

from 15cm quartz vein 0.722

291596 Trench 10; Discont. chip;

from 10cm quartz vein 0.112 KR-SD-87273; 38.54 g/t Au

from metallic screen assay.

291597

Trench 10; Discont chip over

30cm x 30cm area of QV

stockwork and mafic

volcanic

22.231

291600 Trench 10; Discont. chip;

from 15cm quartz vein 21.536 KR-SD-87313; 4.37 g/t Au

from metallic screen assay.

291706

Trench 17; Discont chip over

25cm x 25cm area; quartz

vein and altered

mafic volcanic

1.767

291708

Trench 17; Discont chip over

35cm x 20cm area; quartz

vein and altered

mafic volcanic

1.079

291701

Trench 31; Discont. chip

from weathered outcrop;

20cm x 30cm area.

6.687 KR-SD-87248; 2.158 g/t Au

from metallic screen assay.

Subsequently, a program of saw-cut conƟnuous channel sampling was undertaken in Trench 8,

9B, 10, 17 and 29 areas.

- 7 -

{00800699 v5}

Table 2: Trenches with Cut Channels

Trench No. Channel No. Cut Length (m) Trench No. Channel No. Cut Length (m)

8 1 1.54 17 1 3.00

9B 1 2.03 2 3.58

2 2.91 3 1.80

10 1 2.43 4 1.60

2 1.35 5 2.50

3 2.18 29 1 1.60

4 1.75 2 1.16

5 4.97 3 1.30

6 1.06 4 1.02

7 2.59 5 2.98

8 2.08 6 1.35

9 1.11

10 1.21

11 2.44

Highlights of channel sampling include:

 Samples from Trenches 8 and 9B, located about 260m north of Trench 10, have returned

results confirming analyses from previous workers and extending gold mineralizaƟon to

the south of excavaƟons by previous workers, almost doubling the strike length from

8.8m to 15.4m.

 Trench 10, which is centered on the historic 1962 Selco discovery outcrop, was re-

excavated and enlarged, and has been extended to the NE and North, compared with

previous work. The strike length of vein-hosted gold mineralizaƟon has been extended

from 15.5m in 1987 to at least 40m following Guardian’s channel sampling program.

 Trench 17, located 240m southwest of Trench 10, has returned anomalous to low-grade

gold in almost every sample collected. Fine gold has been panned by Guardian from

weathered bedrock and soil from several locaƟons within Trench 17. The area is showing

potenƟal as a lower-grade larger target, supported by possible extensions of

mineralizaƟon eastward towards trench 30 and trench 31. This area will receive

extensive follow-up invesƟgaƟon in the 2026 field season.

 ObservaƟons and sampling from Trench 30 and 31 confirm that gold is present in narrow

quartz veins crosscuƫng or parallel to shallow dipping foliaƟon in foliated fine grained

mafic volcanic rocks, which has not previously been a focus of exploraƟon.

- 8 -

{00800699 v5}

(g) Exposure of Hurwitz Group

quartzite, iron formaƟon and

quartz veining.

(h) Guardian’s management and field crew.

Table 3: Significant Channel Sampling results

Sample

Number Location Interval

(cm)

2025 Result by

Photonassay

(g/t Au)

Overlapping/Adjacent 1987

Sampling Results

291731 Trench 8 96 4.695

KR-SD-87208 (grab sample);

9.566 g/t Au from metallic screen

assay.

291733 Trench 9b 60 1.068

291738 Trench 9b 72 8.851

291676 Trench 10; Channel 1 30 10.914

291677 Trench 10; Channel 1 72 0.88

291678 Trench 10; Channel 1 46 8.23

291682 Trench 10; Channel 2 32 1.474 KR-SD-87275 (grab sample); 4.12

g/t Au from metallic screen assay.

291687 Trench 10; Channel 3 45 1.273

291696 Trench 10; Channel 5 10 1.038

291622 Trench 10; Channel 8 51 7.411

291624 Trench 10; Channel 8 94 7.429

291627 Trench 10; Channel 9 20 20.072