NovaRed Mining Proposes Geophysical Program
NovaRed Mining Proposes to Advance Wilmac Copper-Gold Project
with 2026 Geophysical Program
Vancouver, British Columbia – March 11 , 2026 – NovaRed Mining Inc. (CSE: NRED; OTCQB:
NREDF) (“NovaRed” or the “Company”) announces that it has received “No Permit Required”
authorizations for four combined Induced Polarization / Audio -Magnetotelluric (“IP/AMT”)
geophysical surveys on its 100% -optioned Wilmac copper-gold project (“ Wilmac” or the
“Project”), located within the Quesnel porphyry belt in the Similkameen Mining Division of British
Columbia, approximately 10 kilometres west of Hudbay Minerals Inc.’s producing Copper
Mountain Mine.
Proposed 2026 Program
The proposed 2026 program will include four geophysical surveys on four survey grids – North
Lamont, West Lamont, Wilmac , and Plume – designed to systematically expand and infill the
Company’s geophysical coverage along Lamont Ridge (See Figure 1) . T wo of the four surveys
(North Lamont and West Lamont) will be merged with the previously completed Lamont survey
to create a single, integrated dataset covering the interpreted alteration and mineralized halo of
the western portion of the West Lamont Intrusive C omplex. A third survey will complete the
Wilmac survey, which the Company partially completed in November 2025. The fourth survey,
Plume, targets two separate and extensive iron carbonate–silica alteration zones approximately
four kilometres to the south-southwest of the Wilmac survey.
The combined IP/AMT survey method provides both near-surface chargeability mapping (IP) and
deep resistivity imaging to depths exceeding 1,500 m etres (AMT), enabling the Company to
evaluate porphyry copper-gold targets from surface to significant depth across the survey area.
“The 2026 geophysical program represents a significant step forward in systematically evaluating
the porphyry copper-gold potential along Lamont Ridge,” said Brian Goss, Chief Executive Officer.
“Building on encouraging results from the initial Lamont surv ey – which identified chargeability
anomalies spatially associated with anomalous copper mineralization in surface soil and rock
samples – these four new grids will substantially expand our understanding of the scale and
continuity of the mineralized system. Completion of the Wilmac grid, in which previous partial
surveying identified a high-chargeability anomaly with significant volume at depth, is a particular
priority.”
Survey Design and Methodology
Each survey will employ multi -line acquisition sets comprising receiver lines and adjacent
transmitting lines. Audio -Magnetotelluric data will be collected simultaneously with IP data by
deploying high-sensitivity induction magnetometers during IP transmit ter off-times. This dual -
method approach yields complementary chargeability and resistivity models without requiring
additional field mobilization. Longer lines will be surveyed in two overlapping segments to ensure
full data coverage.
All surveys will be completed with minimal ground disturbance, limited to clearing undergrowth
and deadfall along east-west oriented survey lines using hand tools.
Wilmac Grid (Priority)
The Wilmac grid covers three previously exposed trenches from which porphyry-style alteration
and mineralization have been documented, including the WILMAC MINFILE occurrence.
Analytical results for copper from 2023 surface samples ranged between 200 ppm ( two values
returning 1.235% and 1.670%), with an average of 6,390 ppm (0.639% copper) across nine
samples. Mineralization is hosted in coarse -grained to pegmatitic hornblendite and is
characterized by epidote alteration, chalcopyrite in quartz -carbonate ve ins with weakly to
moderately developed stockworks, and possible AB-type porphyry veins (quartz-carbonate veins
with sulphide cores).
The full Wilmac grid comprises 10 east -west lines totaling 21.5 line -km and covering
approximately 371 hectares. An initial partial survey of 5 lines (totaling 9.95 line-km and covering
approximately 195 h ectares) was completed in the southern portion of the grid before being
curtailed by snow cover and limited road access in early November 2025. That partial survey
documented a high -chargeability anomaly spatially associated with the trench area, hosting
porphyry-style alteration and high-grade mineralization, along with several similar anomalies of
larger apparent volume at depth. Detailed results will be reported in a subsequent news release.
Completion of the remaining five survey lines is a high priority for the 2026 field season.
North Lamont Grid
The proposed North Lamont grid is located north of the previously completed Lamont Grid and
within the interpreted alteration and mineralized halo at the west end of the West Lamont
Intrusive Complex. Two soil lines along forestry roads returned anomalous copper values. The
proposed survey will consist of seven east-west survey lines between 1.36 and 2.53 km in length,
totaling 14 line -km and covering approximately 179 h ectares. Data will be merged with the
existing Lamont dataset.
West Lamont Grid
The proposed West Lamont grid is located west of the previously completed Lamont Grid and is
also within the interpreted alteration and mineralized halo at the west end of the West Lamont
Intrusive Complex. The proposed survey will consist of four east-west survey lines between 3.52
and 3.85 km in length, totaling 14.94 line-km and covering approximately 222 hectares. Data will
be merged with the North Lamont and existing Lamont datasets to create a single integrated
survey.
Plume Grid
Located approximately 4.0 km south-southwest of the Wilmac grid, the Plume survey covers two
relatively large areas of extensive iron carbonate –silica alteration mapped by Massey et al.
(2008), interpreted to represent hydrothermal alteration driven by a large underlying intrusive
complex. The proposed survey totals nine east-west lines between 1.73 km and 4.19 km in length,
totalling approximately 29.53 line-km and covering approximately 539 hectares.
Background: Previous Lamont Grid Survey
A combined IP/AMT survey previously completed by the former operator on the Lamont Grid is
interpreted to have documented an intrusive complex comprising two parent magmas. The
eastern portion of the grid is characterized by high -chargeability anomalies ne ar surface that
correspond with anomalous surface soils and extend to significant depth as delineated by the
AMT survey. The western portion is characterized by a high-resistivity anomaly associated with a
lower level of surface soil anomalies. The two int erpreted magmas interfinger, with
comparatively narrow extensions toward surface that are interpreted as potential porphyries.
Wilmac Copper-Gold Project Overview
The Wilmac project comprises 11,504 hectares of mineral tenures located within the Quesnel
porphyry belt in south -central British Columbia, southwest of Princeton. The Project is situated
in a well -documented copper -gold porphyry belt and is interpreted to host pote ntial for
identification of one or more copper-gold alkalic porphyry occurrences similar in age and deposit
type to those hosting the nearby Copper Mountain Mine, which currently hosts a Proven and
Probable Mineral Reserve of 702 Mt at 0.24% Cu (source: Hudbay Minerals Inc.).
The Project is separated from the Copper Mountain camp by the regionally significant Boundary
Fault. Saleken (2013) interpreted the geological setting west of the fault to be analogous to that
of the Copper Mountain Intrusive Complex, but at a shallower le vel of erosional exposure, with
numerous small, high -level diorite, gabbro and pyroxenite intrusions interpreted to represent
the uppermost portions of an underlying intrusive complex.
Located immediately west of Highway 3, the Project is road -accessible within a well-established
mining district with existing infrastructure and support services.
References
Massey, N.W.D., Vineham, J.M.S. and Oliver, S.L. (2008). Geology and Mineral Deposits of the
Whipsaw Creek–Eastgate–Wolfe Creek Area, British Columbia (parts of NTS 092H/01W, 02E, 07E,
08W), 1:30,000 Scale, BCMEMPR Open File 2009-08.
Saleken, L. (2013). Compilation Report on the Tulameen Project Property, Whipsaw Target Area,
Assessment Report 33,626A, filed January 31, 2013, 149 p.
Disclaimer
Readers are cautioned that the discussion of mineralization on adjacent or similar properties,
including the Copper Mountain Mine, is not necessarily indicative of the mineralization or
potential of the Lamont Ridge project. The Company has no interest in, or right to acquire any
interest in, any such adjacent properties.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by
Rick Walker, P.Geo., a Qualified Person as defined by National Instrument 43-101. Mr. Walker is
not independent of the Company within the meaning of NI 43-101.
About NovaRed Mining Inc.
NovaRed Mining Inc. (CSE: NRED; OTCQB: NREDF) is a mineral exploration company focused on
the identification, acquisition, exploration and development of copper-gold porphyry projects in
British Columbia. The Company’s optioned Wilmac copper-gold project comprises 11,504
hectares located within the Quesnel porphyry belt in the Similkameen Mining Division, southwest
of Princeton and approximately 10 kilometres west of Hudbay Minerals Inc.’s producing Copper
Mountain Mine. For more information, visit novaredmining.com.
ON BEHALF OF NOVARED MINING INC.
Brian Goss
Chief Executive Officer
T: 775-340-2395
FORWARD-LOOKING INFORMATION
This news release contains “forward -looking information” within the meaning of applicable Canadian securities legislation,
including statements regarding the planned 2026 geophysical programs, the timing, scope and completion of the proposed
IP/AMT surveys on the North Lamont, West Lamont, Wilmac and Plume grids, the anticipated merging of survey datasets with
previously completed data, and the Company’s planned exploration activities on the Lamont Ridge project. Forward -looking
information is based on a nu mber of assumptions that, while considered reasonable by the Company at the date of this news
release, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Such
assumptions include, without limitation, t he availability of adequate funding to complete the proposed surveys, receipt of all
necessary permits and authorizations, the availability of qualified personnel and geophysical contractors, favourable weather and
field conditions, access to the Project area, and the accuracy of current geological interpretations.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results,
performance or achievements to differ materially from those expressed or implied by such forward-looking information. Important
risk factors include, but are not limited to: the continued availability of capital and financing; adverse weather or terrain conditions
that may delay or prevent fieldwork; risks inherent in mineral exploration activities; changes in applicable laws and regulations;
the ability to retain key personnel and contractors; litigation; failure of counterparties to perform their contractual oblig ations;
and general economic, market or business conditions. Readers are cautioned not to place undue reliance on for ward-looking
information. The Company undertakes no obligation to update or revise any forward -looking information, except as required by
applicable securities laws.
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: Wilmac project map with proposed survey grids
Location of the four proposed 2026 IP/AMT survey grids (North Lamont, West Lamont, Wilmac and Plume) along
Lamont Ridge. The intense magenta -coloured magnetic anomaly at the left edge of the image corresponds to the
West Lamont Intrusive Complex. Previously completed Lamont survey grid shown for reference.