Independence Gold Files Updated National Instrument 43-101 Resource Report for the 3Ts Gold and Silver Project, BC
NEWS RELEASE
Independence Gold Files Updated National Instrument 43-101 Resource Report for the 3Ts
Gold and Silver Project, BC
Vancouver, B.C. (January 5, 2026) – Independence Gold Corp. (TSX.V: IGO, OTCQB: IEGCF, FRA:625) (the
“Company”) is pleased to announce the filing of an updated National Instrument 43-101 Technical Report
(the “NI 43-101) on SEDAR+, for the 3Ts Gold and Silver Project located in the Omineca Mining Division of
British Columbia. The Company recently engaged SGS Geological Services to review the drill data from
the 3Ts Gold and Silver Project and update the resource model.
The updated resource estimate includes the Tommy and Ted -Mint vein systems, as well as the recently
discovered Larry, Johnny and Ian veins. This updated estimate has been prepared by SGS Geological
Services group within SGS Canada Inc. under the supervision of a Qualified Person and in accordance with
CIM Definition Standards and NI 43-101. This estimate delivers both increased tonnage and the addition
of an Indicated resource category, marking a significant progress in project advancement.
Cut-Off*
AuEq
(g/t)
Type Classification Tonnes Gold
(g/t)
Silver
(g/t)
AuEq
(g/t)
Gold
(Ounces)
Silver
(Ounces)
AuEq
(Ounces)*
0.3 In-Pit
Indicated
2,218,000 3.01 81.94 4.07 217,000 5,843,000 290,000
2.0 Underground 576,000 3.72 83.87 4.77 69,000 1,553,000 88,000
TOTAL 2,794,000 3.18 82.35 4.22 286,000 7,396,000 378,000
0.3 In-Pit
Inferred
968,000 2.71 67.80 3.56 84,000 2,110,000 111,000
2.0 Underground 1,994,000 3.35 75.93 4.30 215,000 4,868,000 276,000
TOTAL 2,962,000 3.14 73.27 4.06 299,000 6,978,000 387,000
Table 1: Updated (2025) In-Pit and Underground Mineral Resource Estimate
(1) The effective date of the 3Ts Mineral Resource Estimate is November 12th, 2025.
(2) The mineral resource was estimated by Rohan Millar, P.Geo. of SGS Geological Services and is an independent Qualified Person
as defined by NI 43-101.
(3) The classification of the current Mineral Resource Estimate into Indicated and Inferred mineral resources is consistent with
current 2014 CIM Definition Standards - For Mineral Resources and Mineral Reserves.
(4) Figures are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding.
(5) The mineral resources are presented undiluted and in situ, constrained by continuous 3D wireframe models, and is considered
to have reasonable prospects for eventual economic extraction.
(6) Mineral resources which are not mineral reserves do not have demonstrated economic viability. An Inferred Mineral Resource
has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral
Reserve. It is reasonably expected that most Inferred Mineral Resources could be upgraded to Indicated Mineral Resources
with continued exploration.
(7) The 3Ts mineral resource estimate is based on a validated database which includes data from surface diamond drilling
completed between 1995 and 2025.
(8) The MRE for 3Ts is based on 13 three-dimensional (“3D”) resource models representing the Tommy, Ted-Mint, Ian, Johnny and
Larry veins.
(9) Grades for Au and Ag were estimated for each mineralization domain using 1.0 metre capped composites assigned to that
domain. To generate grade within the blocks, the inverse distance squared (ID2) interpolation method was used. An average
SG value of 2.70 g/cm3 was used for tonnage calculation.
(10) Based on the location, surface exposure, size, shape, general true thickness, and orientation, it is envisioned that parts of the
3Ts may be mined using open-pit mining methods. In-pit mineral resources are reported at a base case cut-off grade of 0.3 g/t
AuEq. The in-pit resource grade blocks are quantified above the base case cut-off grade, above the constraining pit shell, below
topography and within the constraining mineralized domain (the constraining volume).
(11) The pit optimization and base-case cut-off grade consider a gold price of $2,400/oz and a silver price of $30 /oz and considers
a gold recovery of 97% and silver recovery of 94%. The pit optimization and base case cut -off grade also considers a mining
cost of US$2.80/t mined, pit slope of 55⁰ degrees, and processing, treatment, refining, G&A and transportation cost of
USD$22.00/t of mineralized material.
(12) The results from the pit optimization, using the pseudoflow optimization method in Whittle 2022, are used solely for the
purpose of testing the “reasonable prospects for economic extraction” by an open pit and do not represent an attempt to
estimate mineral reserves. There are no mineral reserves on the Property. The results are used simply as a guide to assist in
the preparation of a mineral resource statement and to select an appropriate resource reporting cut -off grade. A Whittle pit
shell at a revenue factor of 1.00 was selected as the ultimate pit shell for the purposes of the current MRE.
(13) Based on the size, shape, general true thickness, and orientation, it is envisioned that parts of the 3Ts deposit may be mine d
using underground mining methods. Underground mineral resources are reported at a base case cut-off grade of 2.0 g/t AuEq.
The mineral resource grade blocks were quantified above the base case cut -off grade, below surface/pit surface and within
the constraining mineralized wireframes (considered mineable shapes). Based on the size, shape, general thickness, and
orientation of the mineralized structures, it is envisioned that the deposit may be mined using a combination of underground
mining methods including sub-level stoping (SLS) and/or cut and fill (CAF) mining.
(14) The underground base case cut -off grade of 2.0 g/t AuEq considers a mining cost of US$80.00/t mined, and processing,
treatment, refining, G&A and transportation cost of USD$25.00/t of mineralized material.
(15) AuEq grades are based on metal prices of US$2,400/oz Au and US$30/oz Ag. The Au to Ag equivalency ratio is $2,400/$30 =
80.0. Therefore, the AuEq conversion = Au g/t + (Ag g/t/80.0).
(16) The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-
political, marketing, or other relevant issues.
The 2022 resource estimate reported an Inferred resource of ~4.47 million tonnes grading 3.64 g/t Au and
96.26 g/t Ag, equivalent to ~522,330 ounces gold and ~13.83 million ounces silver (see news release dated
August 18, 2022); the new 2025 model delivers an increase in tonnage, and for the first time includes an
Indicated category, opening the possibility of mineral reserves on the property — a step -change in
confidence for both the Company and investors.
Under the CIM Definition Standards and NI 43 -101, an Indicated Mineral Resource is estimated with
sufficient confidence in geological continuity and data that modifying factors (mining, processing,
economic, legal, environmental) can be applied to support mine planning and evaluation. By contrast, an
Inferred Mineral Resource is estimated on more limited evidence and sampling and cannot be converted
directly into mineral reserves. The addition of the Indicated category demonstrates a higher level of
confidence, reducing execution risk, improving the project’s investment profile and facilitating advanced
studies (pre-feasibility, feasibility).
About Independence
Independence Gold Corp. is a well -financed mineral exploration company with holdings ranging from
early-stage grassroots exploration to advanced-stage resource expansion in British Columbia and Yukon.
The Company is positioned to add shareholder value thro ugh systematic project advancement, while
management continues to evaluate additional gold and silver projects for possible acquisition. For
additional information, visit the Company's website www.ingold.ca.
The 3Ts Project is located approximately 185 kilometres southwest of Prince George, British Columbia,
the 3Ts Project comprises thirty -one mineral claims covering approximately 35,486 hectares in the
Nechako Plateau region. The project lies 16 km southwest of Artemis Gold Inc.’s Blackwater Mine and
hosts a low-sulphidation epithermal quartz-carbonate vein district within which at least nineteen known
mineralized veins, ranging from 50 to over 1,100 metres in strike length and true widths of up to 32 m
have been identified, twelve of which remain untested by drilling.
The Independence Gold 3Ts project 2025 Mineral Resource Estimate was prepared by Rohan Millar,
P.Geo., of SGS Geological Services, an independent Qualified Person, in accordance with the guidelines of
the Canadian Securities Administrators’ National Instrument 43-101 – Standards of Disclosure for Mineral
Projects, with an effective date of November 12, 2025.
Certain technical information in this press release has been reviewed and approved by Andy Randell,
P.Geo. Mr. Randell is a qualified person under Canadian National Instrument 43 -101 and is an
independent consultant for the Company.
ON BEHALF OF THE BOARD OF INDEPENDENCE GOLD CORP.
“Randy Turner”
Randy Turner, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
All statements in this press release, other than statements of historical fact, are "forward -looking information" with respect to
Independence within the meaning of applicable securities laws, including statements with respect to the Company’s planned
drilling and exploration activities. The Company provides forward -looking statements for the purpose of conveying information
about current expectations and plans relating to the future and readers are cautioned that such statements may not be
appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general
or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove
to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These
risks and uncertainties include but are not limited to those identified and reported in Independence’s public filings under
Independence Gold Corp.’s SEDAR profile at www.sedarplus.ca. Although Independence has attempted to identify important
factors that could cause actual actions, events or results to differ materially from those described in forward-looking information,
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 such information will prove to be accurate as actual results and future events could differ materially from those
anticipated in such statements. Independence disclaims any intention or obligation to update or revise any forward- looking
information, whether as a result of new information, future events or otherwise unless required by law.