Polymetallic Project
November
4,
2025
Lancaster
Resources
Expands
Footprint
in
James
Bay
with
Additional
Claims
at
Lac
Iris
Polymetallic
Project
Vancouver,
British
Columbia:
Lancaster
Resources
Inc.
(CSE:LCR)
(OTC
Pink:LANRF)
(FRA:6UF)
(“
Lancaster
”
or
the
“
Company
”),
is
pleased
to
announce
that
it
has
acquired
a
100%
interest
in
additional
mineral
claims,
“Lac
Iris
4”,
at
the
Lac
Iris
Polymetallic
Project
in
the
James
Bay
region
of
Quebec.
These
new
claims
were
acquired
through
directly
staked
mineral
applications
that
have
been
reviewed
and
approved
by
the
Québec
mining
authority,
Ministère
des
Ressources
Naturelles
et
des
Forêts,
(MRNF).
Acquisition
Highlights
●
Strategic
Location
:
The
new
Lac
Iris
property
is
situated
just
10–11
km
southeast
of
the
Nisk
and
Lion
discoveries
by
Power
Metallic
Mines
Inc.,
and
just
7.5km
from
the
Lac
Iris
claims
announced
on
August
27,
2025.
1
●
Significant
Land
Package:
The
new
acquisition
adds
approximately
1175
hectares
across
a
single
contiguous
package
and
bolsters
Lancaster’s
existing
mineral
claims
in
the
Lac
Iris
Project
in
James
Bay
to
~1870ha,
an
increase
of
~170%.
●
Prospective
Geology:
The
project
lies
along
the
geological
trend
hosting
the
Whabouchi
Lithium
pegmatite
deposit
and
the
Nisk
polymetallic
nickel-copper
sulphide
deposit
and
is
positioned
at
the
boundary
between
the
La
Grande
and
Opatica
Subprovinces—a
deep-seated
crustal
feature
known
for
pegmatites
and
polymetallic
mineralization.
●
Reinforces
Polymetallic
Portfolio
Growth:
The
acquisition
strengthens
Lancaster’s
exploration
footprint
in
the
Nemaska
area,
and
complements
its
Lake
Cargelligo
Gold
Project
in
New
South
Wales,
Australia.
1
https://lancaster-resources.com/lancaster-resources-completes-acquisition-of-lac-iris-polymetallic-project/
1
“Lancaster
is
very
excited
about
securing
these
mineral
claims.
The
properties
greatly
enhance
our
exploration
potential
in
the
James
Bay
region,”
said
Andrew
Watson,
President
and
CEO
of
Lancaster
Resources.
“This
addition
strengthens
Lancaster’s
pursuit
of
precious
and
critical
metal
discoveries,
complementing
our
Lake
Cargelligo
district-scale
gold
project,
as
we
remain
focused
on
growing
shareholder
value.”
The
proximity
of
the
Lac
Iris
properties
to
adjacent
or
nearby
mineral
properties,
including
the
NISK
Project
and
the
Whabouchi
Mine,
is
not
necessarily
indicative
of
the
mineralization
on
the
Lac
Iris
properties.
There
is
no
certainty
that
exploration
at
Lac
Iris
will
result
in
similar
discoveries
or
resource
estimates.
Andrew
Watson,
P.Eng.,
President
&
CEO
and
a
Director
of
the
Company,
is
a
Qualified
Person
as
defined
under
National
Instrument
43-101
–
Standards
of
Disclosure
for
Mineral
Projects
.
Mr.
Watson
has
reviewed
and
approved
the
scientific
and
technical
information
contained
in
this
news
release.
Mr.
Watson
is
a
Director
and
the
President
and
CEO
of
Lancaster
and
is
not
independent
of
the
Company.
2
About
Lancaster
Resources
Inc.
Lancaster
is
focused
on
building
a
portfolio
of
district-scale
exploration
assets
positioned
for
future
resource
development.
The
Company
holds
a
100%
interest
in
the
Piney
Lake
Gold
Project
in
Saskatchewan,
uranium
projects
at
Catley
Lake
and
Centennial
East
in
the
Athabasca
Basin,
and
the
Lac
Iris
Polymetallic
Project
in
Quebec’s
James
Bay
region,
where
it
also
holds
an
option
to
acquire
the
Trans-Taiga
property.
In
Australia,
Lancaster
owns
the
Lake
Cargelligo
Gold
Project
in
New
South
Wales,
covering
~62,300
hectares
with
c.
75
km
of
prospective
strike
and
multiple
primary
target
zones.
Andrew
Watson,
President
&
Chief
Executive
Officer,
Lancaster
Resources
Inc.
Tel:
604
923
6100
www.lancaster-resources.com
The
Canadian
Securities
Exchange
has
not
reviewed,
approved,
nor
disapproved
the
contents
of
this
news
release.
Cautionary
Statement
Regarding
Forward-Looking
Statements
Certain
statements
contained
in
this
press
release
constitute
forward-looking
information.
These
statements
relate
to
future
events
or
Lancaster’s
future
performance.
The
use
of
any
of
the
words
“could”,
“expect”,
“believe”,
“will”,
“projected”,
”estimated”
and
similar
expressions
and
statements
relating
to
matters
that
are
not
historical
facts
are
intended
to
identify
forward-looking
information
and
are
based
on
Lancaster’s
current
belief
or
assumptions
as
to
the
outcome
and
timing
of
such
future
events.
Actual
future
results
may
differ
materially.
In
particular,
the
ability
of
Lancaster
to
execute
its
exploration
plans,
raise
capital,
retain
key
personnel,
identify,
acquire,
explore,
and
develop
high-quality
mineral-rich
properties
constitutes
forward-looking
information.
Actual
results
and
developments
may
differ
materially
from
those
contemplated
by
forward-looking
information.
Readers
are
cautioned
not
to
place
undue
reliance
on
forward-looking
information.
The
statements
made
in
this
press
release
are
made
as
of
the
date
hereof.
Lancaster
disclaims
any
intention
or
obligation
to
publicly
update
or
revise
any
forward-looking
information,
whether
as
a
result
of
new
information,
future
events
or
otherwise,
except
as
may
be
expressly
required
by
applicable
securities
laws.
3