Trident Resources Intersects 7.03gpt Au over 43.25m Starting at 121.0m Depth, including 30.06gpt Au over 9.25m at Contact Lake Gold Project, 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
November 12th, 2025
NEWS RELEASE
Trident Resources Intersects 7.03gpt Au over 43.25m Starting at 121.0m Depth, including
30.06gpt Au over 9.25m at Contact Lake Gold Project, Saskatchewan
Vancouver, BC, November 12th, 2025 – Trident Resources Corp. (TSX-V: ROCK) (OTCQB:
TRDTF) (“Trident” or the “ Company”) is pleased to announce positive diamond drill results
(Figure 1) from the first 3 holes totaling 746 metres (m), of a total planned 6,500m, at its Contact
Lake Gold Project. Drill hole CL25003 intersected 7.03 gpt Au over 43.25m including 30.06 gpt
Au over 9.25m (Figure 3). Drill hole CL25002 intersected 2.49 gpt Au over 29.61m including 27.09
gpt Au over 2.21m and hole CL25001 intersected 0.56 gpt Au over 29.50m (Figure 2).
Highlights:
- 7.03 gpt gold over 43.25m from drill hole CL25003 from 121.0m, including 30.06 gpt
gold over 9.25m from 155.0m
- 7.89 gpt gold over 23.00m from drill hole CL25003 from 69.0m, including 23.86 gpt
gold over 6.89m from 75.0m
- 2.49 gpt gold over 29.61m from drill hole CL25002 from 39.26m, including 27.09 gpt
gold over 2.21m from 39.26m
- The discovery of high-grade gold in hole CL25003 represents an important advancement
for future exploration at the project as the mineralization was encountered below the
Bakos shear structure and well beyond the limits of the historical mining footprint.
Note: Width refers to drilled intercepts, true widths have not been determined. The gold values
represent length-weighted averages through the zones.
Jon Weisblatt, CEO, commented "We are extremely encouraged by these initial drill results from
Contact Lake — the first exploration undertaken at this historic site in nearly 30 years. The
strength and continuity of the mineralization we’re seeing reinforces our belief that Contact Lake
is a highly prospective asset within Trident’s portfolio. The former Cameco mine produced
approximately 200,000 ounces of gold at impressive head grades of 6 to 7 grams per tonne before
closing in 1998, a decision driven by low gold prices (~$300/oz) and Cameco’s strategic focus on
uranium. Our early success clearly indicates that significant high- grade gold mineralization was
left behind, and modern exploration is beginning to unlock that potential."
Mr. Wiesblatt went on to say "It’s early days, but the geological setting and tenor of results we’re
seeing at Contact Lake share encouraging similarities with the early discovery phases of
companies like Skeena Resources and SSR’s Seabee Gold Mine — both of which began as
focused high-grade exploration stories that grew into significant Canadian gold discoveries. While
every project is unique, these parallels reinforce our confidence that Contact Lake could evolve
into something very meaningful."
"Importantly, Contact Lake is just one of five gold deposits within Trident’s growing project
portfolio, all located in Saskatchewan’s underexplored La Ronge Gold Belt. We see a much larger
regional opportunity unfolding here — one that could ultimately define one of Canada’s next
emerging gold camps. Contact Lake is only the beginning, and these results mark an exciting first
step in realizing the full potential of this district-scale play."
Mr. Wiesblatt concluded by saying "With approximately $12 million in cash and marketable
securities and an attractive share structure, Trident is exceptionally well -positioned to continue
advancing its ambitious exploration programs across the La Ronge Gold Belt. We have the
financial strength, focus, and technical expertise to build sustained value through discovery and
resource delineation."
Summary of the Initial Drill Holes:
The discovery of high- grade gold in the first three holes of the 2025 Contact Lake drill program
represents an important advancement for future exploration at the project as the mineralization
was encountered below the Bakos shear structure and well beyond the limits of the historical
mining footprint. The Bakos shear is the main host to gold mineralization at Contact, but the high-
grade intercepts from the lower portions of holes CL25002 and CL25003 demonstrate that
significant gold values are present outside of the shear envelope.
The 9.25m zone that averaged 30.06 gp t Au (from 155.00 m to 164.25m) in hole CL25003 is
hosted in a strongly quartz vein altered granodiorite that showed very little evidence of shearing.
The zone was encountered approximately 100m outboard of the nearest historical mining activity.
The 2025 drill program was designed to test for both lateral and depth extensions to the known
gold mineralization at Contact Lake, in areas that had only limited historical drilling.
Trident will continue to explore and drill test the Contact Lake deposit in a systematic manner as
we look to expand on the high-grade gold mineralization discovered between the historical mine
infrastructure and the unmined BK3 zone, located immediately ENE of the 2025 drilling. During
the current drill program, Trident has collected a comprehensive database of oriented drill core
measurements that will be used to delineate the geologic structures that host gold in the deposit
area and guide future drill programs. Pre-existing geologic structures exert a first-order control on
gold mineralization throughout the La Ronge Gold Belt, so Trident will focus on understanding the
complex structural history in order to realize the full potential of the region.
Figure 1: Plan View of the Contact Lake Drilling
https://www.tridentresourcescorp.com/_resources/news/nr-20251112-NRplan1c.jpg
Figure 2: Cross Section Depicting Depth CL25001 & CL25002
https://www.tridentresourcescorp.com/_resources/news/nr-20251112-X-section-
CL25001-to-CL25002.jpg
Figure 3: Cross Section Depicting the Extension to Vertical Depth – CL25003
https://www.tridentresourcescorp.com/_resources/news/nr-20251112-X-section-
CL25003.jpg
Description of the Drill Holes:
CL25001 was oriented toward the northwest (336º) at a -45º dip to target shallow high- grade
mineralization above, within and below the Bakos Shear Zone. This drill hole was collared 65
metres northeast of the nearest underground infrastructure in an area with limited historical
drilling.
CL25002 was collared from the same drill pad as CL25001 along a similar azimuth but at a
steeper dip angle ( -55º) to target parallel mineralized zones at a greater depth. This hole
intersected gold mineralization within the Bakos Zone and in a separate shear zone located in the
footwall of the Bakos structure, 40 met res below the upper mineralized zone. A third horizon of
gold mineralization was discovered within the granodiorite host rock, between 241.0 to 251.6m
downhole depth, in an area that had not been previously drilled.
CL25003 was collared from a drill pad located 25m southeast of drill holes CL25001 and
CL25002. This hole was oriented toward the north (azimuth 000º) at a dip angle of -45º to target
the depth and lateral extension of gold mineralization first discovered in drill hole TU88-01 (342º
azimuth/-45º dip), which was located 50m northeast of CL25003. Drill hole CL25003 encountered
significant high-grade gold within both the Bakos Shear Zone and the footwall below the structure.
The lowermost high- grade intersection (30.06 gpt Au over 9.25m starting at 155 .0m downhole
depth) is hosted in a weakly sheared but strongly altered granodiorite located 100m from the
nearest historical underground mine infrastructure and at least 30m from gold mineralization in
hole TU88-01.
Contact Lake Gold Project:
The Contact Lake Project covers approximately 22,790 hectares and includes the past-producing
Contact Lake Gold Mine, which was operated by Cameco Corporation between 1994 and 1998.
Situated in the highly prospective La Ronge Gold Belt of Saskatchewan, the property hosts
multiple historical deposits such as the Contact Lake Deposit, Preview SW Deposit, Preview North
Deposit and the North Lake Deposit. Together, these provide shareholders with significant
discovery potential across a well-endowed gold belt.
Mining at the Contact Lake Gold Mine, also referred to historically as the Bakos Gold Zone, took
place from December 1994 through May 1998. The deposit was initially identified in 1984 by
Saskatchewan Mining Development Corporation - later Cameco Corporation - during its Preview
Lake Exploration Program. This program also led to the discovery of other nearby targets
including Point Lake and the Preview SW Deposit.
The Contact Lake deposit lies near the meeting point of the La Ronge, Kisseynew and Glennie
litho-structural domains and is hosted by the Little Deer Lake pluton, a composite pluton
dominated by granitic and granodioritic rocks near its core. Composite plutons such as the Little
Deer Lake pluton are often spacially associated with significant gold mineralization throughout
the La Ronge Gold Belt.
Figure 4: Drill core from hole CL25003 shows a weakly sheared and strongly quartz
veined zone that hosts high-grade gold mineralization located in the footwall well below
the Bakos shear zone.
https://www.tridentresourcescorp.com/_resources/news/nr-20251112-Figure-4-Core-Photo-
CL25003.jpg
Figure 5: Upper panel shows low-angle quartz vein that hosts high-grade gold (187.5 g/t
over 0.65m) in a weakly sheared granodiorite. Lower panel shows sheared granodiorite
with sulfides and strong gold mineralization (from a 1.0m zone that returned 147.0 g/t
Au).
https://www.tridentresourcescorp.com/_resources/news/nr-20251112-Figure-5-Core-
Photo.jpg
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 number s and transported to ALS Global in
Saskatoon, Saskatchewan for analysis, while the other half is archived 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 1: Drillhole Results at Contact Lake (November, 2025)
Drill Hole ID From (m) To (m) Width (m) Au (g/t)
CL25001 41.50 71.00 29.50 0.56
CL25002 39.26 68.87 29.61 2.49
including 39.26 41.47 2.21 27.09
CL25002 94.00 110.00 16.00 0.42
CL25002 241.00 251.61 10.61 0.47
CL25003 46.88 53.89 7.01 0.66
CL25003 69.00 92.00 23.00 7.89
including 75.00 81.89 6.89 23.86
CL25003 121.00 164.25 43.25 7.03
including 155.00 164.25 9.25 30.06
Widths are drilled intercepts, true widths have not been determined. Gold values are length-weighted averages.
Table 2: Drillhole ID Contact Lake (November, 2025)
Hole ID` X Collar Y Collar Elev. (m) Azimuth Dip Depth (m)
CL25001 507933 6141324 402 335.80 -45.10 198.00
CL25002 507933 6141324 402 339.00 -55.10 311.35
CL25003 507941 6141303 401 359.90 -45.10 236.43
UTM Zone 13 NAD 83
Qualified Person:
The scientific and technical data contained in this news release was reviewed and approved by
Cornell McDowell, P.Geo., a non-independent “Qualified Person” under the National Instrument
43-101 Standards of Disclosure of Mineral Projects.
About Trident Resources Corp.:
Trident Resources Corp. is a Canadian public mineral exploration company listed on the TSX
Venture Exchange focused on the acquisition, exploration and development of advanced -stage
gold and copper exploration projects in Saskatchewan, Canada. The Company is 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.
To find out more about Trident Resources Corp. (TSX-V: ROCK), visit the Company’s website
at www.tridentresourcescorp.com
Trident Resources Corp.
Jonathan Wiesblatt, Chief Executive Officer
Email: [email protected]
For further information contact myself or:
Andrew J. Ramcharan, PhD, P.Eng., Corporate Communications
Trident Resources Corp.
Telephone: 647-309-5130
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
RELEASE.
Forward-Looking Information and Statements
This news release contains “forward ‐looking information or statements” within the meaning of
applicable securities laws, which may include, without limitation, statements that address the TSX
Venture Exchange approval of the Agreement, expected results from the current drill program at
Contact Lake Gold Project, other statements relating to the technical, financial and business
prospects of the Company, its projects and other matters. All statements in this news release,
other than statements of historical facts, that address events or developments that the Company
expects to occur, are forward -looking statements. Although the Company 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 may
differ materially from those in the forward- looking statements. Such statements and information
are based on numerous assumptions regarding present and future business strategies and the
environment in which the Company will oper ate in the future, including the price of metals, the
ability to achieve its goals, that general business and economic conditions will not change in a
material adverse manner, that financing will be available if and when needed and on reasonable
terms. Suc h forward- looking information reflects the Company’s views with respect to future
events and is subject to risks, uncertainties and assumptions, including those filed under the
Company’s profile on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results to
differ materially from those in forward looking statements include, but are not limited to, continued
availability of capital and financing and general economic, market or business conditions, adverse
weather and climate conditions, equipment failures, failure to obtain or maintain all necessary
government permits, approvals and authorizations, decrease in the price of gold, copper and other
metals, the impact of viruses and diseases on the Company’s ability to operate, failure to obtain
or mai ntain community acceptance (including First Nations), increase in costs, litigation, and
failure of counterparties to perform their contractual obligations. The Company does not
undertake to update forward‐ looking statements or forward ‐looking information, except as
required by law.