Scottie Resources Determines Scottie Gold Mine Project Below Impact Assessment Thresholds, Clearing Path to Advance Permitting
Scottie Resources Determines Scottie Gold
Mine Project Below Impact Assessment
Thresholds, Clearing Path to Advance
Permitting
Vancouver, British Columbia--(Newsfile Corp. - March 25, 2026) - Scottie Resources Corp. (TSXV:
SCOT) (OTCQB: SCTSF) (FSE: SR80) ("
Scottie
" or the "
Company
") is pleased to announce that the
proposed construction and operation of the Scottie Gold Mine Project, as described in the Company's
2025 Preliminary Economic Assessment, does not require an environmental assessment under either
the British Columbia Environmental Assessment Act or the Canadian Impact Assessment Act. The
determination follows recent regulatory engagement with the Environmental Assessment Office and the
Impact Assessment Agency of Canada and reflects the Project's design and scale relative to applicable
federal and provincial thresholds.
As a result, Scottie intends to progress the Project through the established provincial permitting process
toward a Joint Major Mine Permit Application for the Mines Act and Environmental Management Act
permits, along with other required ancillary approvals.
The Scottie Gold Mine Project is located north of Stewart, British Columbia, in the Golden Triangle
region and is well positioned to support responsible resource development and regional economic
activity consistent with British Columbia's Look West Strategy, which focuses on strengthening the
northwest economy through investment in critical minerals, infrastructure, clean energy opportunities, and
Indigenous partnerships.
"
We are delighted to reach this important milestone for the Scottie Gold Mine Project,
" said Dr.
Thomas Mumford, CEO and President of Scottie Resources. "
This determination that the Project is
below the thresholds for formal environmental assessment at both the federal and provincial levels
allows us to advance confidently toward permitting and development. It reflects the strength of our
technical work and environmental baseline programs and underscores our commitment to
responsible project delivery in partnership with regulators, Indigenous Nations, and local
communities
."
The Project is located within the Nass Area, an area where the Nis
g̲
a'a Nation holds certain rights under
the Nisg̲ a'a Final Agreement. Scottie has maintained ongoing engagement with the Nis
g̲
a'a Lisims
Government ("
NLG
") and intends to continue collaboration as the Project advances through assessment
and permitting processes, including assessing the Project under Chapter 10 –
Environmental
Assessment and Protection
of the Nisg̲ a'a Final Agreement.
"
NLG acknowledges Scottie Resources' continued engagement with the Nisg̲ a'a Nation and its
commitment to advancing the Scottie Gold Mine Project in accordance with the requirements of the
Nisg̲ a'a Final Agreement,
" said Eva Clayton, President, Nis
g̲
a'a Lisims Government.
"
We remain
focused on ensuring that the Nisg̲ a'a Nation's rights and interests are protected through the
assessment and permitting process, including consideration of environmental protection measures,
cultural values, and opportunities for Nisg̲ a'a citizens and businesses
."
Scottie's 2025 PEA outlines a low-impact direct ship ore development scenario supported by ore
sorting and existing regional infrastructure, which provides a capital-efficient pathway to potential
production while minimizing surface disturbance. The Company continues to advance environmental
baseline studies, technical design, and stakeholder engagement to support submission of its major mine
permit applications.
Scottie believes that advancing the Scottie Gold Mine Project through a coordinated permitting
approach, combined with structured Indigenous engagement and assessment, reflects the Company's
commitment to responsible development and alignment with the province's strategic priorities for
northwest British Columbia.
QUALIFIED PERSON
Dr. Thomas Mumford, P.Geo., non-independent President of the Company, a qualified person under
National Instrument 43-101, has reviewed and approved the technical information contained in this news
release on behalf of the Company.
ABOUT SCOTTIE RESOURCES CORP.
Scottie Resources holds 100% interest in the Scottie Gold Mine Property, which includes the high-grade,
past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone. The Company also owns a
100% interest in the Georgia Project, host to the past-producing Georgia River Mine, as well as the
Cambria, Sulu, and Tide North properties. In total, Scottie controls approximately 58,500 hectares of
highly prospective mineral claims within the Stewart Mining Camp in British Columbia's Golden Triangle
—one of the world's most prolific mineralized districts.
Scottie's current resource estimate on the Scottie Gold Mine Project includes a total of 703,000 gold
ounces at an average grade of 6.1 g/t (Inferred category) in 3.6 million tonnes, highlighting the
development potential for a significant near-surface, high-grade deposit. The Company's strategy is to
continue expanding this resource and to define additional mineralization around past-producing mines
through systematic drilling and surface exploration.
The Company has recently completed a PEA for the Scottie Gold Mine. The PEA outlines a robust
Direct-Ship Ore (DSO) development scenario with strong economics and significant upside through a
potential toll-milling option utilizing excess capacity at the nearby Premier mill. The base case DSO
project delivers an after-tax NPV(5%) of $215.8–$668.3 million at gold prices of US$2,600–$4,200/oz,
respectively. Under the toll-milling scenario, project economics improve substantially, with an after-tax
NPV(5%) of $380.1–$831.7 million (no agreement currently in place). The PEA estimates initial capital
costs of $128.6 million, average annual production of ~65,400 oz gold over seven years, and a payback
period of 1.7 years for the after-tax DSO case—reduced to just 0.9 years under the toll-milling
opportunity at US$2,600/oz.
Additional Information
Brad Rourke
Executive Chairman
+1 250 877 9902
Forward-Looking Statements
This news release may contain forward-looking statements. Forward-looking statements are statements
that are not historical facts and are generally, but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that
events or conditions "will", "would", "may", "could" or "should" occur. 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 forward looking statements. Forward-looking statements are based on the beliefs, estimates
and opinions of the Company's management on the date such statements were made. The Company
expressly disclaims any intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of
this release.
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https://www.newsfilecorp.com/release/289735