Trident Intersects 5.73 g/t Au over 15.0m including 9.35 g/t Au over 7.0m and 15.05 g/t Au over 2.0m Below Historical Mining Infrastructure at the Contact Lake Gold Project in Northern Saskatchewan
Suite 1030 – 505 Burrard Street, Vancouver, BC, Canada, V7X1M5
TSX-V: ROCK: OTCQB: TRDTF
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
January 20th, 2026
NEWS RELEASE
Trident Intersects 5.73 g/t Au over 15.0m including 9.35 g/t Au over 7.0m and 15.05 g/t Au
over 2.0m Below Historical Mining Infrastructure at the Contact Lake Gold Project in
Northern Saskatchewan
Vancouver, BC, January 20th, 202 6 – Trident Resources Corp. (TSXV: ROCK) (OTCQB:
TRDTF) (“Trident” or the “Company”) is pleased to announce the results of the remaining six (6)
diamond drill holes from the 19-hole 2025 drill program at the Contact Lake Project . These are
the final holes to be reported from the 2025 fall program and were designed to test for the down-
dip extension of gold mineralization below the historically defined Main Zone of the Bakos Shear
Zone, the main host to gold mineralization. Based on the very successful results of the 2025 drill
program (6,838m drilled in 19 holes), a fully-funded 10,000m winter 2026 drill program at Contact
Lake is underway.
Trident’s Regional Project Location Map:
https://www.tridentresourcescorp.com/projects/contact-lake-gold-project/#&gid=1&pid=1
Highlights:
- The final six holes from Trident’s inaugural drill program at Contact Lake all intersected
substantial gold mineralization within, above and below the Bakos Shear zone – the main host
of gold at Contact Lake. These holes targeted gold mineralization in areas below the historical
mining infrastructure, which highlights the tremendous depth-potential of the orogenic gold
system present at Contact Lake.
- Hole CL25017 returned 5.73 g/t gold (Au) over 15.0m from 472.0m including 9.35 g/t Au
over 7.0m from 480.0m and 15.05 g/t Au over 2.0m from 481.0m.
- Hole CL25016 returned 2.62 g/t Au over 37.44m from 465.6m including 5.70 g/t gold over
9.0m from 469.8m and 11.53 g/t Au over 2.3m from 476.5m.
- A 2026 winter phase of drilling consisting of approximately 10,000 metres in up to 40 drill holes
with two drill rigs has commenced.
Jon Wiesblatt, CEO of Trident Resources, commented: “These results are very important for
Trident as they clearly demonstrate the potential to significantly expand gold mineralization at
depth, well below the historical mine workings developed by Cameco in the 1990’s. These first
few deeper holes illustrate the discovery potential beneath the old infrastructure and reinforce our
belief that Contact Lake is a large, robust orogenic gold system with the capacity to evolve into a
world-class, high-grade deposit, similar to those at other major greenstone gold camps in Canada.
Advancing exploration at depth will remain a key priority for the Company, and these results
provide strong validation for the follow-up drilling planned in our ongoing programs at the project.”
Summary of Drilling:
The final six holes were mainly focused on discovering gold mineralization below the existing
underground infrastructure in order to prove the depth potential of the orogenic shear -hosted
mineralization present at Contact Lake. These types of gold systems commonly persist to great
depths, such as SSR’s Seabee Gold Operation, located 85km northeast of Contact Lake, where
underground mining operations occurred up to 1.3km below surface. Contact Lake was shut down
in 1998 when the gold price was close to USD $300/oz and the limit of mining reached 340 metres
vertical depth. Trident believes the Contact Lake gold system has excellent potential to extend
well below the limits of the historical mining where there has been effectively no drill testing.
Contact Lake Gold Property Map:
http://www.tridentresourcescorp.com/_resources/maps/contact-lake-property-map.jpg
Analytical results from the 2025 drill program show that h igh-grade gold is present at shallow
depths as well as deeper down. The 2026 winter drill program at Contact Lake will seek to extend
recently discovered and historically identified gold zones along strike to the northeast in the BK3
Zone where historically defined resources were left unmined due to the low gold price. Trident will
continue to explore and drill test in a systematic manner as the team looks to expand on and
discover additional high-grade gold zones.
Contact Lake Drill Collar Location Map:
https://www.tridentresourcescorp.com/_resources/images/Contact-Lake-Gold-Property-
20260114.png
Detailed Description of the Drill Holes:
Hole CL25014 (338 º azimuth and -62º dip) was collared 414m southeast of the mine portal
entrance in an area of sparse historical drilling to target the potential down -dip and lateral
extension of gold mineralization in the Main Zone at a vertical depth of 330m, near the lower limits
of the mine infrastructure in that area . Two distinct higher -grade zones of mineralization were
encountered in the footwall of the Bakos Shear including 5.03 g/t Au over 5.0m (484.0 -489.0m
down-hole) and 1.24 g/t Au over 23.0m (507.0-530.0m down-hole) including 2.15 g/t over 10.5m
(512.5-523.0m). Lower-grade gold mineralization was encountered in the Bakos Shear between
366-400m down-hole depth with a more coherent zone encountered in weakly sheared
granodiorite in the footwall of the shear returning 0.86 g/t Au over 19.6m between 450.0-469.6m.
Plan View of the Contact Lake Drilling in Fall of 2025:
http://www.tridentresourcescorp.com/_resources/news/2025-Drill-Plan-Holes-14-to-19.jpg
Hole CL25015 (335º/-67º) was designed to test for the down-dip extension of the southwest Main
Zone gold mineralization at a vertical depth of >350m, below the lowermost mine infrastructure.
Near the lower extents of the Bakos Shear, a zone grading 1.91 g/t Au over 13.8m (512.2-526.0m
down-hole) was intersected with a 1.8m zone grading 12.06 g/t Au (536.8-538.6m) located below
in a moderately sheared horizon in the granodiorite host, which continued to a down -hole depth
of 567.0m. Below the main sheared horizon, in a weakly sheared granodiorite, a 4.0m zone
grading 4.91 g/t Au (575.0 -579.0m) was discovered with intermittent isolated multi-gram hits
continuing to the terminal hole depth of 659.0m.
Hole CL25016 (338º/-63º) was collared 115m WNW of CL25015 at the outermost southwestern
edge of historical drilling to target the southwest , down-dip extension of high -grade gold
mineralization in the PO Zone, an ore lens located in the footwall of the Main Zone. This drillhole
encountered a broad zone of gold mineralization that extended from the lower portions of the
Bakos Shear into the footwall that graded 2.62 g/t Au over 37.4m between 465.6-503.0m. Within
this zone, three higher -grade zones were inter cepted: 5.70 g/t Au over 9.0m (469.8 -478.8m),
10.09 g/t Au over 1.7m (469.8-471.5m) and 11.53 g/t Au over 2.3m (476.5-478.8m).
Hole CL25017 (338º/-63º) was collared 43m southwest of CL25016 to further test for the down-
dip extension of historically defined gold mineralization reported in the PO Zone . A broad well -
mineralized zone returned 2.61 g/t Au over 48.95m between 467.0 -515.95m down-hole depth.
Within this broad intercept, higher-grade horizons consisted of: 5.73 g/t Au over 15.0m (472.0 -
487.0m), 9.35 g/t Au over 7.0m (480.0-487.0m) and 15.05 g/t Au over 2.0m (481.0-483.0m). This
mineralized intercept spanned the entire width of the Bakos Shear zone and persisted roughly
15m into the footwall of the structure. Sporadic mineralization continued below this broad horizon
to the hole’s terminal depth at 668.0m.
Hole CL25018 (338º/68º) was collared from the same pad as CL25017 at a steeper dip to test for
an extension of PO Zone mineralization at a deeper level. This hole intersected different phases
of the composite Little Deer Lake pluton, which hosts the Contact Lake deposit, that were not
encountered in hole CL25017. Within and below the Bakos Shear zone, a 22.0m continuous zone
of mineralization returned 0.90 g/t Au between 491.0-513.0m down-hole depth. Two more narrow
higher-grade zones were intercepted within this range that returned 1.72 g/t Au over 3.6m (501.0-
504.6m) and 1.89 g/t Au over 4.0m (509.0-513.0m).
Hole CL25019 (338º/ -45º) was collared 440m NNW of holes CL25017 and CL25018 at the
furthest northwestern edge of the Contact Lake mine site to test the potential for gold
mineralization in the footwall of the Bakos Shear Zone. Intermittent narrow <1.5m horizons of gold
mineralization were intersected throughout the hole within the weakly sheared granite and
granodiorite hosts. The final 1.0m sample at a down -hole depth of 364.0m returned 4.55 g/t Au
over 1.0m.
Table 1: Drill Hole Results at Contact Lake (January, 2026)
Summary of Assay Results for 2025 Drilling
Drill Hole # From (m) To (m) Width (m) Au (g/t) Gram-Metre (g-m)
CL25001 41.50 71.00 29.50 0.56 16.60
CL25002 39.26 68.87 29.61 2.49 73.85
including 39.26 41.47 2.21 27.09 59.87
and 94.00 110.00 16.00 0.42 6.78
and 241.00 251.61 10.61 0.47 4.99
CL25003 46.88 53.89 7.01 0.66 4.60
and 69.00 92.00 23.00 7.89 181.46
including 75.00 81.89 6.89 23.86 164.40
and 121.00 164.25 43.25 7.03 304.05
including 155.00 164.25 9.25 30.06 278.07
CL25004 157.45 159.51 2.06 8.37 17.25
CL25005 100.06 106.00 5.94 5.66 33.61
including 100.06 102.50 2.44 11.83 28.86
and 142.00 144.55 2.55 42.95 109.52
CL25006 272.00 287.00 15.00 7.28 109.27
Including 272.00 278.00 6.00 16.69 100.13
including 272.00 275.00 3.00 30.41 91.23
CL25007 329.50 369.00 39.50 4.43 174.84
including 329.50 345.00 15.50 5.76 89.26
Including 329.50 335.50 6.00 9.43 56.60
and 367.00 369.00 2.00 37.31 74.62
CL25008 139.00 145.00 6.00 7.41 44.44
and 155.00 156.35 1.35 6.27 8.46
and 268.00 273.00 5.00 7.74 38.69
and 313.58 316.50 2.92 6.07 17.72
CL25009 85.50 88.33 2.83 9.23 26.11
and 199.00 202.00 3.00 8.49 25.46
and 242.89 245.00 2.11 6.19 13.06
CL25010 188.50 195.28 6.78 4.23 28.71
including 192.00 195.28 3.28 6.72 22.05
CL25011 217.15 218.25 1.10 5.86 6.45
CL25012 133.00 136.37 3.37 2.97 10.01
and 194.00 199.50 5.50 1.76 9.68
including 194.00 195.40 1.40 5.56 7.78
CL25013 77.40 79.00 1.60 4.13 6.61
and 135.00 136.00 1.00 13.20 13.20
and 190.00 194.00 4.00 2.00 8.00
and 193.00 194.00 1.00 5.42 5.42
CL25014 484.00 489.00 5.00 5.03 25.15
and 484.00 486.00 2.00 10.68 21.36
and 507.00 530.00 23.00 1.24 28.52
including 512.50 523.00 10.50 2.15 22.58
and 521.00 523.00 2.00 7.90 15.80
CL25015 512.15 526.00 13.85 1.90 26.32
including 512.15 513.21 1.06 14.95 15.85
including 523.50 526.00 2.50 3.46 8.65
and 536.75 538.60 1.85 12.06 22.31
and 575.00 579.00 4.00 4.91 19.64
CL25016 465.56 503.00 37.44 2.62 98.09
including 469.80 478.80 9.00 5.70 51.30
including 469.80 471.50 1.70 10.09 17.15
and 469.80 488.00 18.20 4.09 74.44
including 476.50 478.80 2.30 11.53 26.52
CL25017 467.00 515.95 48.95 2.61 127.76
including 472.00 494.00 22.00 4.68 102.96
472.00 487.00 15.00 5.73 85.95
480.00 487.00 7.00 9.35 65.45
including 481.00 483.00 2.00 15.05 30.10
CL25018 501.00 504.60 3.60 1.72 6.19
and 509.00 513.00 4.00 1.89 7.56
CL25019 364.00 365.00 1.00 4.55 4.55
* Widths are drilled intercepts, true widths have not been determined. Gold values are length-weighted averages.
Figure 2: Cross Section of Contact Lake Drilling (Hole CL25014)
http://www.tridentresourcescorp.com/_resources/news/CL25014.jpg
Figure 3: Cross Section of Contact Lake Drilling (Hole CL25015)
http://www.tridentresourcescorp.com/_resources/news/CL25015.jpg
Figure 4: Cross Section of Contact Lake Drilling (Hole CL25016)
http://www.tridentresourcescorp.com/_resources/news/CL25016.jpg
Figure 5: Cross Section of Contact Lake Drilling (Holes CL25017 and CL25018)
http://www.tridentresourcescorp.com/_resources/news/CL25017-CL25018.jpg
Figure 6: Cross Section of Contact Lake Drilling (Hole CL25019)
http://www.tridentresourcescorp.com/_resources/news/CL25019.jpg
Contact Lake Gold Project Overview:
The Contact Lake Gold Project covers approximately 22,790 hectares and includes the past -
producing Contact Lake gold mine, which produced approx. 190,000 ounces of gold at an average
head grade of 6.16 g/t Au during active mining operations between 1994 to 1998. At the time of
mine closure, the price of gold hovered around $300/oz (USD) and Cameco Corporation reported
that substantial gold resources were left unmined. Situated in the highly prospective La Ronge
Gold Belt of Saskatchewan, the Contact Lake Property also hosts the Preview SW, Preview North
and the North Lake orogenic gold deposits. Along with the Greywacke North deposit (located
40km northeast of Contact Lake), these four deposits are wholly -owned by Trident Resources
and host current Mineral R esource Estimates (see news release dated November 24 th, 2025)
which does not include any ounces from the past producing Contact Lake target area.
Trident Resources Corp. – News Link
Quality Control:
All drill core is logged, photographed and cut in half with a diamond saw. Half of the core is placed
in sealed poly bags with unique identification numbers and transported to ALS Global in
Saskatoon, Saskatchewan for analysis, while the other half is arch ived and stored on site for
verification and reference purposes.
At the lab, samples are received and digitally recorded then dried and pulverized into a fine
powder. Gold is assayed using a 30g fire assay method and 49 additional elements are analyzed
by Inductively Coupled Plasma (ICP) utilizing a 4 -acid digestion. Quality Assurance and Quality
Control (QAQC) samples including field blanks, duplicates and lab-certified standards are inserted
in the sample stream at a rate of greater than 10% of all samples submitted to the lab. ALS Global
also conducts their own internal QAQC protocol.
Table 2: Drill Hole ID Contact Lake (January, 2026)
Hole ID Easting Northing Azimuth Dip Depth(m) Elevation (m)
CL25001 507933 6141324 336 -45 198 402
CL25002 507933 6141324 339 -55 311 402
CL25003 507941 6141303 360 -45 236 401
CL25004 507940 6141302 0 -55 182 401
CL25005 507943 6141302 339 -55 194 401
CL25006 508006 6141099 350 -55 362 403
CL25007 508005 6141099 349 -67 419 403
CL25008 507985 6141205 339 -60 344 400
CL25009 507961 6141252 339 -58 296 399
CL25010 507940 6141245 339 -48 230 405
CL25011 507941 6141245 339 -56 245 405
CL25012 507891 6141254 341 -45 209 413
CL25013 507891 6141254 341 -55 215 413
CL25014 507851 6140948 338 -62 548 419
CL25015 507679 6140715 335 -67 659 427
CL25016 507570 6140743 338 -63 560 441
CL25017 507546 6140709 338 -63 665 441
CL25018 507545 6140709 338 -68 596 441
CL25019 507384 6141116 338 -45 365 433
* UTM Zone 13 NAD 83
Qualified Person:
The technical information in this news release has been prepared in accordance with the
Canadian regulatory requirements set out in National Instrument 43 -101 and reviewed and
approved by Cornell McDowell, P.Geo., VP Exploration for Trident Resources and the Qualified
Person for Trident as defined by NI 43-101.
About Trident Resources Corp.
Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX
Venture Exchange focused on the development, exploration and acquisition of advanced-stage
gold and copper exploration projects in Saskatchewan, Canada. The Company is aggressively
advancing its 100% owned Contact Lake and Greywacke Lake projects which host significant
historical gold resources located within the prospective and underexplored La Ronge Gold Belt,
as well as the 100% owned Knife Lake copper project which contains a historical copper resource.
For further information, please contact:
Trident Resources Corp.
Jonathan Wiesblatt, Chief Executive Officer
Email: [email protected]
For further information contact myself or:
Andrew J. Ramcharan, PhD, P.Eng., SVP Corporate Communications
Trident Resources Corp.
Telephone: 647-309-5130
Toll Free: 800-567-8181
Facsimile: 604-687-3119
www.tridentresourcescorp.com
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RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
RELEASE.
Forward-Looking Information and Statements:
This release includes certain statements that may be deemed to be "forward-looking statements".
All statements in this release, other than statements of historical facts, that address events or
developments that management of the Company expects, are forwa rd-looking
statements. Although management believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not guarantees of future
performance, and actual results or developments may differ materially from those in the forward-
looking statements. The Company undertakes no obligation to update these forward -looking
statements if management's beliefs, estimates or opinions, or other factors, should change.
Factors that could cause actual result s to differ materially from those in forward -looking
statements, include market prices, exploration and development successes, regulatory approvals,
continued availability of capital and financing, and general economic, market or business
conditions. Pleas e see the public filings of the Company at www.sedarplus.ca for further
information.