Harfang Provides Update at Sky Lake
NEWS
RELEASE
HARFANG PROVIDES UPDATE AT SKY LAKE
MONTREAL, February 23, 2026 – Harfang Exploration Inc. (TSX-V: HAR) (“Harfang” or the “Company”) provides
an update on its wholly-owned Sky Lake Gold Project located in Ontario’s Pickle Lake Camp.
HIGHLIGHTS
§ Harfang’s maiden winter 2025 drill program delineated a continuous high-grade mineralized shoot
traced over 250 metres downhole and open at depth.
§ The Company continues constructive engagement with the Mishkeegogamang Ojibway
Nation (“MON”) and remains committed to advancing the project in a responsible and collaborative
manner.
§ MON has advised the Company that a Traditional Knowledge and Land Use Study (“TKLUS”) is required.
Rick Breger, President and CEO of Harfang, commented:
“The results from our maiden drill program at Sky Lake remain very encouraging and demonstrate the
strength and continuity of the gold system we are exploring. At the same time, we recognize the
importance of advancing the project in partnership with MON. We respect their request to complete a
Traditional Knowledge and Land Use Study and believe this process is an important step in ensuring that
exploration proceeds thoughtfully and responsibly. Our focus is on building a strong, long -term
relationship founded on transparency, mutual respect, and shared understanding.”
Sky Lake Project
The Sky Lake Gold Project is a 9,100 -hectare land package located in the Pickle Lake Gold Camp of
northwestern Ontario. The project includes the Koval patented claims, which were the focus of Harfang’s winter
2025 drill program.
In March 2025, the Company completed six diamond drill holes totaling approximately 1,400 metres on the
Koval Claims. The program was designed using modern 3D geological modeling of historical drill data, much
of which dates from the 1950s through the 1980s and was largely limited to shallow depths.
Drilling successfully delineated a continuous high-grade mineralized shoot that remains open at depth and
along strike, supporting the potential for further expansion with additional work.
Community Engagement and Next Steps
Harfang continues to engage constructively with MON regarding exploration activities at Sky Lake. A draft
Exploration Agreement has been substantially negotiated and remains under review by MON leadership.
MON has advised the Company that completion of a TKLUS will be necessary prior to advancing the permitting
processes. Harfang and MON are currently in active discussions to determine the appropriate next steps with
respect to the proposed study. These discussions are focused on clarifying the timing, scope, budget, and
process for completing the study, as well as establishing a clear framework for coordination between the parties.
Exploration activities remain paused as these active discussions with MON continue and the Company cannot
provide certainty on the timelines for completion of the TKLUS or the resumption of exploration activities at Sky
Lake.
Harfang views this collaborative approach as fundamental to responsible exploration and to establishing a clear
and durable social license to operate in the region. The purpose of the TKLUS is to better identify and
understand culturally and environmentally significant areas and to inform appropriate protections moving
forward.
Land Acknowledgement
The Company acknowledges that its activities take place on lands traditionally stewarded by Indigenous
Peoples in Ontario. We recognize the enduring relationship that First Nations have with the land, water, and
resources, and we respect their histories, cultures, and rights. The Company is committed to conducting its
business responsibly, fostering open and respectful dialogue, and working collaboratively with Indigenous
communities to support sustainable exploration and development.
About Harfang Exploration Inc.
Harfang is a discovery-driven mineral exploration company focused on identifying and advancing high-potential
ore deposits in Québec and Ontario. The Company leverages rigorous geoscience, disciplined capital
deployment, and a partnership-oriented mindset to maximize discovery potential. Harfang is run by a team of
enthusiastic industry professionals with varied experience and a proven track record. In November 2024,
Harfang completed the acquisition of NewOrigin Gold Corp., consolidating high-quality gold assets, including
properties in the Pickle Lake and Abitibi regions. Harfang is committed to sustainable exploration practices,
engaging closely with local stakeholders, and prioritizing environmental stewardship.
For further information, please contact:
Rick Breger, P .Geo., MBA
President, CEO, and Director
Cautionary Statement Regarding Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future
events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon
assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result
of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those
anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ
materially from these forward-looking statements as well as future results. Although Harfang believes that the expectations
reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-
looking statements will prove to be correct. Except as required by law, Harfang disclaims any intention and assumes no
obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new
information, future events, changes in assumptions, changes in factors affecting such forward -looking statements or
otherwise.
Neither the 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.