TDG.V · 2026-02-04 12:00:00

TDG Continues Expanding Aurora West and Identiﬁes New Porphyry Target

Exploration Programs

www.tdggold.com

TDG Gold Corp.

1400 – Guinness Tower

1055 West Hastings Street

Vancouver, BC, V63 2E9

TDG Continues Expanding Aurora West and

Identiﬁes New Porphyry Target

Vancouver, British Columbia, February 4, 2026 – TDG Gold Corp. (TSXV: TDG | OTCQX: TDGGF)

(the “Company” or “TDG”) is pleased to report the remaining drilling results from the 2025 Phase I

exploration program at the Aurora West Zone and Phase II (step-outs), part of TDG’s Greater Shasta–

Newberry (“GSN”) Project located in the Toodoggone District of British Columbia.

Results from the Company’s Phase I drilling program continue to demonstrate the emerging scale of

the Aurora West Zone, now deﬁned to approximately 1,000 metres (“m”) of strike, and extended at

depth by the largest step-out completed to date (Table 1). Recent discovery of additional interpreted

porphyry-style alteration approximately 600 m north of the Aurora Complex 1 further supports the

district-scale potential of TDG’s GSN Project (Figure 1).

Continued Expansion Conﬁrms the Emerging Scale of Aurora West

Phase II (northern step-out) drill hole TDG25-020 (Table 2) represents the largest step-out completed

to date at the Aurora West Zone and marks a meaningful expansion of Aurora West Zone

mineralization. The hole intersected mineralized intervals grading 1.02 grams per tonne ( “g/t”) gold

(“Au”) and 0.43% copper (“Cu”) over 14.0 m, and 0.57 g/t Au and 0.29% Cu over 24.0 m hosting in a

broader interval of 86.3 m of 0.49 g/t Au and 0.23% Cu . TDG25 -020 was terminated within

mineralized compositionally andesitic rocks.

These results extend mineralization approximately 350 m down-dip from drill hole TDG25-012, which

returned 1.30 g/t Au and 0.43% Cu over 88.0 m in a broader interval of 115.0 m grading 1.10 g/t Au

and 0.38% Cu (Figure 2).

Aurora West Zone has continuously identiﬁed approximately 1,000 m along a north –south trend,

underscoring the size and continuity of the system identiﬁed during this initial phase of drilling. The

mineralized interval in TDG25-020 returned diluted gold and copper grades due to the presence of

interpreted late, maﬁc compositional dykes at this speciﬁc drill location. At this early stage of

exploration, individual drill holes are expected to reﬂect local geological conditions, and nearby step-

outs may encounter materially different results where intrusive dilution is less pronounced.

New Porphyry Style Discovery North of the Aurora Complex

Exploratory drilling has also led to the discovery of a substantial new area of interpreted altered

porphyritic intrusions and associated quartz-sericite-pyrite (“QSP”) altered rocks an additional 600

m north of the currently deﬁne d and expanded Aurora West Zone, intersected in drill holes TDG25 -

014 and TDG25 -018 (Figure 2 ). Intervals of anomalous gold and copper concentrations were

encountered associated in addition to intersections of signiﬁcant visual QSP alteration.

The identiﬁcation of broad intervals exhibiting strong alteration intensity represents increased

exploration potential of the district. This discovery supports the interpretation that the Aurora

Complex1 may form part of a much larger porphyry system, and that the broader GSN area remains

highly prospective for additional discoveries.

www.tdggold.com

TDG Gold Corp.

1400 – Guinness Tower

1055 West Hastings Street

Vancouver, BC, V63 2E9

The geometry, extent, and relationship of this newly interpreted porphyry-style zone to the Aurora

Complex1 has not yet been deﬁned due to limited drilling in the area. Follow-up exploration drilling is

being planned to further evaluate this new target.

“What continues to stand out at our Aurora West Zone is the growing footprint of porphyry -style

mineralization across our land holdings, ” n o t e s F l e t c h e r M o r g a n , C E O o f T D G G o l d. “The

identiﬁcation of new porphyry-style bodies north of the Aurora West Zone reinforces our view that the

Aurora West Zone and Shasta are part of a much larger system that is only beginning to take shape.

Results from our step out drilling are consistent with early- stage exploration in a new geological

environment and do not necessarily deﬁne the limits of the system as we have observed this hole-to-

hole grade variability in other portions of the complex. With Aurora West Zone now extending

approximately a kilometre, remaining open in multiple directions, and supported by the growth

potential of the Shasta epithermal gold and silver resource, the district continues to develop as a

strong candidate to support long-term regional mining and development plans. ”

Table 1: 2025 Phase I Aurora West Zone/GSN length weighted drill hole composites. NSR – No

Signiﬁcant Results.

Hole From (m) To (m) Core Length (m) Au (g/t) Cu (%)

TDG25-006 NSR

TDG25-012 554.0 669.0 115.0 1.10 0.38

incl. 556.0 571.0 15.0 0.57 0.20

and incl. 581.0 669.0 88.0 1.30 0.43

TDG25-015 501.9 685.0 183.1 0.46 0.19

incl. 520.0 530.0 10.0 0.79 0.25

and incl. 555.0 566.0 11.0 0.53 0.18

and incl. 633.0 648.0 15.0 1.03 0.31

TDG25-017 484.0 497.0 13.0 0.50 0.01

and 614.0 646.3 32.3 1.38 0.41

and 653.50 672.0 18.5 0.61 0.21

TDG25-019 631.9 692.0 60.2 0.59 0.26

incl. 635.0 659.1 24.1 0.94 0.35

* Intervals are core-length weighted. True width is unknown.

**Composite results were built using 0.30 g/t Au and/or 0.1% Cu cut -off, although there may be intervals within the

composite below 0.30 g/t Au and/or 0.1% Cu.

*** Calculated composites are truncated to two decimal places for Au/Cu.

**** Calculated composites may not sum due to rounding.

www.tdggold.com

TDG Gold Corp.

1400 – Guinness Tower

1055 West Hastings Street

Vancouver, BC, V63 2E9

Table 2: 2025 Phase II Aurora West step-out length weighted drill hole composites.

Step-Out

Direction

Hole From (m) To (m) Core

Length (m)

Au (g/t) Cu (%)

Southwest TDG25-011 Not assayed

Northwest TDG25-014 174.0 177.8 3.8 0.02 0.12

and 305.0 313.5 8.5 0.23 0.02

and 454.2 454.9 0.7 0.02 2.24

Northwest TDG25-018 351.0 362.0 11.0 0.02 0.14

and 372.0 378.0 6.0 0.01 0.12

and 742.9 756.1 13.2 0.01 0.23

and 775.6 785.0 9.4 0.00 0.11

North TDG25-020 736.5 822.8 86.3 0.49 0.23

incl. 770.0 794.0 24.0 0.57 0.29

and incl. 806.0 820.0 14.0 1.02 0.43

Northeast TDG25-021 Incomplete

West TDG25-022 Incomplete

* Intervals are core-length weighted. True width is unknown.

**Composite results were built using 0.30 g/t Au and/or 0.1% Cu cut-off, although there may be intervals within the composite below 0.30

g/t Au and/or 0.1% Cu.

*** Calculated composites are truncated to two decimal places for Au/Cu.

**** Calculated composites may not sum due to rounding.

2026 Winter Drilling Program / Shasta Gold-Silver Project

The Company is currently operating two drill rigs in the GSN/Aurora West Zone area. Due to

topographic relief and elevated avalanche risk, drilling operations are currently restricted in certain

portions of the Aurora West Zone. As a result, the 2026 winter drill program may temporarily focus on

upgrading and potentially expanding the Shasta epithermal Au-silver (“Ag”) mineral resource4.

TDG completed ~ 13,250 m of modern large diameter diamond drilling at Shasta in 2021-2022 and

published an updated Mineral Resource Estimate4 on January 08, 2025. The Shasta Au-Ag deposit is

located within a mining lease and is the only Permitted Mine Area (“PMA”) in the Toodoggone outside

of Kemess. Shasta is located ~800 m from Aurora West Zone and the mine access road runs through

the top of the Shasta deposit to Aurora West Zone.

Shasta mineralization is vein and breccia-hosted, low sulphidation epithermal Au-Ag from surface to

~165 m depth and remains open along strike and at depth – the mineralized system has never been

tested below ~ 250 m. TDG has published multiple target areas located within the GSN project

footprint based on historical drilling and survey work (link). Geophysical and ﬁeld survey work

conducted by TDG in 2025 has identiﬁed three additional target areas that suggest epithermal Au-Ag

potential and merit drill testing: Shasta South, Shasta West and Newberry South. Work planning

is underway.

The Shasta Mineral Resource4 (Table 3) represents an important component of TDG’s broader district

strategy and offers potential to complement longer -term development scenarios as exploration at

Aurora West Zone continues to advance.

www.tdggold.com

TDG Gold Corp.

1400 – Guinness Tower

1055 West Hastings Street

Vancouver, BC, V63 2E9

Table 3: Shasta 2024 Mineral Resource Estimate including Sensitivity (base case highlighted)*.

Class

AuEq

Cutoff

In Situ Tonnage and Grade AuEq*

Metal

Metal AuEq* Au Ag NSR

(g/t) Mt (g/t) (g/t) (g/t) ($CDN) (koz) (koz) (koz)

Indicated

(Shasta)

0.30 15.169 1.13 0.86 31.2 101 552.3 417.2 15,231

0.35 13.327 1.24 0.94 34.4 111 533.1 402.6 14,718

0.40 11.881 1.35 1.02 37.3 120 515.8 389.3 14,256

0.45 10.710 1.45 1.10 40.2 129 499.8 377.1 13,832

0.50 9.743 1.55 1.17 42.9 138 485.1 365.9 13,438

1.00 4.580 2.50 1.89 69.3 223 368.5 278.0 10,207

Inferred

(Shasta)

0.30 19.331 0.87 0.65 24.9 78 543.1 405.9 15,469

0.35 16.927 0.95 0.71 27.0 85 518.1 387.9 14,683

0.40 14.865 1.03 0.78 29.1 92 493.4 370.2 13,888

0.45 12.930 1.12 0.85 31.4 100 467.0 351.1 13,066

0.50 11.482 1.21 0.91 33.5 107 444.9 335.2 12,374

1.00 4.388 2.02 1.56 51.9 180 284.5 219.6 7,323

Inferred

(TSF1)

N/A 0.276 1.37 0.97 45.0 122 12.1 8.6 398

*Notes to the MRE table:

1. The Mineral Resource estimate has been prepared by Sue Bird, P.Eng., an independent Qualiﬁed Person. The effective date of

the mineral resource estimate is December 29, 2024.

2. Mineral Resources are reported using the 2014 CIM Definition Standards and were estimated in accordance with the CIM 2019

Best Practices Guidelines, as required by NI43-101.

3. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that all

Mineral Resources will be converted into Mineral Reserves.

4. The Mineral Resource has been conﬁned by a “reasonable prospects of eventual economic extraction” pit using the following

assumptions, which were estimated from comparable projects:

a. Au price of US$2,250/oz, Ag price of US$25/oz at an exchange rate of 0.74 US$ per CDN $;

b. a 1.5 % NSR royalty;

c. 93 % metallurgical recovery for Au, based on past TDG test work, historical mill records 4 and nearby project

comparables;

d. 86 % recovery for Ag based on nearby project comparables 6 and, while prior MREs assumed somewhat lower Ag

recoveries based on historical mill records 4 and limited past TDG test work, test work was not optimized for Ag

recoveries. Further, test work at comparable projects indicate that improvement could be expected ;

e. 99.9 % payable Au; 95.0 % payable Ag; US$7.00/ oz Au and US$3.00/oz Ag offsite c osts ( reﬁning, tr ansport and

insurance);

f. Mining costs of CDN$4.00/tonne mineralized material;

g. Processing Costs of CDN$15/tonne and G&A of CDN$8.00/tonne processed;

h. Pit slopes of 45 degrees.

5. The resulting NSR equation is: NSR (CDN$) = 95.79*Au Grade*0.93 + 0.92*Ag Grade*0.86

6. The resulting AuEq equation is: AuEq = Au + Ag*0.00887

7. The bulk density of the deposit is based on 2021 & 2022 measurements and is assumed to be 2.61 throughout the deposit and 2.00

for overburden.

8. Numbers may not sum due to rounding.

www.tdggold.com

TDG Gold Corp.

1400 – Guinness Tower

1055 West Hastings Street

Vancouver, BC, V63 2E9

Table 3: 2025 Phase I Aurora West/GSN Drill Hole Location Information

Hole Easting Northing Elevation Final Depth (m) Azimuth (°) Dip (°)

TDG25-006 622,245 6,348,049 1,419 648.7 270 -85

TDG25-011 622,171 6,347,521 1,525 814.2 0 -90

TDG25-012 622,252 6,348,249 1,366 877.4 110 -85

TDG25-014 622,000 6,349,100 1,242 1024.0 0 -90

TDG25-015 622,253 6,348,249 1,366 751.8 120 -77

TDG25-016 622,403 6,347,799 1,478 209.2 180 -45

TDG25-017 622,307 6,348,325 1,324 808.7 255 -90

TDG25-018 622,000 6,349,100 1,242 791.0 350 -65

TDG25-019 622,253 6,348,251 1,364 756.7 65 -78

TDG25-020 622,100 6,348,685 1,251 869.0 140 -70

TDG25-021 622,470 6,348,455 1,331 394.4 250 -85

TDG25-022 622,025 6,348,100 1,364 344.5 0 -80

Collar coordinates are provided in UTM Z9N NAD83. Elevations are reported as metres above sea level (mASL).

Quality Assurance and Quality Control Protocols

Samples for the GSN 2025 drill program followed chain of custody between collection, processing

and delivery to a Bureau Veritas (“BV”) or ALS Global (“ALS”) laboratory in Vancouver, B.C and North

Vancouver, respectively. The drill cores were delivered to the core shack at TDG’s Baker Mine site,

and processed by geologists who inserted certiﬁed reference materials, blanks, and duplicates (pulp

and coarse) into the sampling sequence at regular intervals. The 2025 drill core was cut in half (1/2

HQ core or N Q core) and placed in zip -tied polyurethane bags, then in security -sealed rice bags

before being delivered directly from the Baker Mine site, to Bandstra Transportation Systems in Prince

George, B.C., and ultimately to the BV or ALS laboratory in Vancouver and North Vancouver, B.C

respectively. Samples were prepared and analyzed following procedures summarized in Table 4,

where information about methodology can be found on the BV website, in the analytical guide (here)

and (here) for ALS.

Table 4: Au, Ag and Cu Analytical Methods.

Hole ID Laboratory Prep Method Au Method Ag Method Cu

In This

Release

Bureau

Veritas PRP90-250 FA430 MA200 MA200

TDG25-020 ALS Global PREP-33AN Au-AA23 ME:MS61r Cu-AA62

Quality assurance and control (“QA/QC”) is maintained internally at the lab through rigorous use of

internal certiﬁed reference materials, blanks, and duplicates. An additional QA /QC program is

underway by TDG Gold using certiﬁed reference materials (“CRMs”), duplicate samples and blank

samples that were blindly inserted into the sample batch. If a QA /QC sample returns an

unacceptable value an investigation into the results is triggered and when deemed necessary, the

samples that were analyzed in the batch with the failed QA/QC sample are re-analyzed.

www.tdggold.com

TDG Gold Corp.

1400 – Guinness Tower

1055 West Hastings Street

Vancouver, BC, V63 2E9

Qualiﬁed Person

The technical content of this news release has been reviewed and approved by Steven Kramar, MSc.,

P .Geo., VP Exploration for TDG, a qualiﬁed person as deﬁned by National Instrument 43-101.

Notes

1 Adjacent Properties: The Company has no interest in, or rights to, any of the adjacent properties mentioned, and

exploration results on adjacent properties are not necessarily indicative of mineralization on the Company’s properties.

Any references to exploration results on ad jacent properties are provided for information only and do not imply any

certainty of achieving similar results on the Company’s properties.

2 Preliminary Assay Results: The data reported herein are considered preliminary, as the full set of assay results for

the 2025 program has not yet been received. While the Company’s QA/QC protocols (including the insertion of blanks,

CRMs, and duplicates) have been applied, the current dataset is not sufficient to fully assess laboratory performance

across the entire program. As additional assay results are returned and incorporated, the Company will provide an

updated assessment of QA/QC performance to ensure data integrity and reliability.

3Aurora/Aurora West Zone Mineralization Isoshell: The isoshell is calculated using data derived from length weighted

composites from TDG (news releases Sept 02, Oct 15 , Nov 26 2025 and this release) and Amarc Resources a,b,c,d,e,f,g

utilizing a 0.3 g/t Au cut -off grade to generate a n implicit model using radial basis function (“RBF”) interpolation

methodology. This creates a very smooth, highly local ised 3D interpretive model that is controlled by nearby data and

has limited inﬂuence at long distance. This model is unconstrained to the geology/lithology but uses structural

constraints (ie. known faults) to better illustrate the mineralized volume.

4Mineral Resource Estimate (MRE) : All scientiﬁc and technical information relating to the TDG’s Shasta Project

pertaining to the Shasta Mineral Resource Estimate (“Shasta MRE”) contained in this presentation is derived from the

Technical Report dated February 21st, 2025 (with an effecti ve date of December 29, 2024) titled “2025 Updated

Resource Estimate For The Shasta Deposit” (the “2025 Technical Report”) prepared by Sue Bird, MSc., P .Eng. of Moose

Mountain Technical Services. Mineral Resources are reported at a 0.40 g/t AuEq cut -off. A uEq is calculated using

US$1,750/oz Au, US$21/oz Ag, and metallurgical recoveries of 93% Au and 85% Ag, using the formula: AuEq (g/t) = Au

(g/t) + (Ag (g/t) × 0.0123) The information contained herein in respect of the Shasta MRE is subject to all of the

assumptions, qualiﬁcations and procedures set out in the 2025 Technical Report and reference should be made to the

full text of the 2025 Technical Report, a copy of which has been ﬁled with the securities regulators in each of the

provinces of Canada (except Québec) and is available on www.sedar.com

aAmarc Resources LTD, Amarc Announces Additional Drill Results from the AuRORA Copper -Gold-Silver Deposit

Discovery in Collaboration with Freeport at the Joy District, British Columbia, Jan 20, 2025, Amarc Website (here).

bAmarc Resources LTD, Amarc Announces New High Grade “AuRORA” Copper -Gold-Silver Deposit Discovery in

Collaboration with Freeport at the Joy District, British Columbia, Jan 17, 2025, Amarc Website (here).

cAmarc Resources LTD, Amarc Announces More Drill Results from Aurora and Three Emerging Copper -Gold Systems,

in Collaboration with Freeport at the JOY district, Feb 28, 2025, Amarc Website (here).

dAmarc Resources LTD, Amarc Announces Important Drill Intersection Southeast of the 2024 Aurora Copper -Gold

Discovery Drill Holes at Joy, Sept 22, 2025, Amarc Website (here).

eAmarc Resources LTD, Amarc and Freeport Continue to Expand High Grade AuRORA Copper-Gold-Silver Deposit, Nov

03, 2025, Amarc Website (here).

fAmarc Resources LTD, Amarc and Freeport Continue Expanding High Grade AuRORA Copper-Gold-Silver Deposit, Dec

10, 2025, Amarc Website (here).

gAmarc Resources LTD, Amarc and Freeport Continue Expanding High Grade Aurora Copper -Gold-Silver Deposit, Jan

23, 2026, Amarc Website (here).

About TDG Gold Corp.

TDG is a major mineral tenure holder in the Toodoggone District of north- central British Columbia,

Canada, with 100% ownership of ~50,000 hectares of brownfield and greenfield exploration ground.

In 2023, TDG defined the 5.5 sq.km Greater Shasta-Newberry exploration target area (news release

Jan 25, 2023 ) which is located directly adjacent to the recent gold-rich copper porphyry AuRORA 1

discovery announced by Freeport McMoran Inc. and Amarc Resources Ltd. (news release Jan 17,

2025).

www.tdggold.com

TDG Gold Corp.

1400 – Guinness Tower

1055 West Hastings Street

Vancouver, BC, V63 2E9

In 2024, TDG also identified new copper-gold target areas over an expanded footprint covering ~53

sq.km known as the ‘Baker Complex’ (news release Feb 28, 2024), including the North Quartz (news

release Apr 02, 2024) and Trident (news release Mar 07, 2024) copper-gold porphyry targets.

TDG’s other Toodoggone projects within the property package include the former producing, gold -

silver Shasta and gold -silver-copper Baker mines, which produced intermittently between 1981 -

2012, and the historical high-grade gold Mets developed prospect, all of which are road accessible

and, combined, have over 65,000 m of historical drilling. These projects have been advanced

through compilation of historical data, new geological mapping, geochemical and geophysical

surveys and, at Shasta, 13,250 m of moder n HQ drill testing of the known mineralization

occurrences and their potential extensions. In 2025, TDG published an updated Mineral Resource

Estimate for Shasta (news release Jan 08, 2025), which remains open at depth and along strike.

In July 2025, TDG closed the acquisition of Anyox Copper Ltd. (“Anyox”, news release July 14, 2025)

which holds a combination of crown grants (100% owned and optioned) and mineral claims totaling

over 10,000 hectares including the former producing Hidden Creek copper- gold mine – all located

within the Anyox peninsula at the southern tip of BC’s Golden Triangle. Anyox gives TDG access to a

volcanogenic massive sulphide horizon within a significant past- producing district with copper -

gold-lead-zinc-silver potential.

TDG is well-funded with the priority exploration focus in early 2026 to continue to evaluate for

potential extensions of AuRORA1-style mineralization onto TDG’s 100%-owned GSN project.

ON BEHALF OF THE BOARD

Fletcher Morgan

Chief Executive Officer

For further information contact:

TDG Gold Corp.

Telephone: +1.604.536.2711

Email:[email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is deﬁned in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains forward -looking statements that are based on the Company’s current expectations and

estimates. Forward-looking statements are frequently characterized by words such as “ex t e n d ”, “appropriate”, “advance” ,

“emerge” , “anticipate” , “signiﬁcant”, “priority”, “scale”, “near”, “major”, “demonstrate”, “support”, “expand”, “open”,

“potential”, “ p r o v i d e ”, “represent”, “reinforce”, “evaluate”, “interpret” “meaningful” , “continuous” , “identify” , “continuity” ,

“deﬁne” , “expect” , “substantial” , “exhibit” , “advance” , “important ”, “develop” , “strategy” , “growing” , “prospective” ,

“consistent” , and variations of these words as well as other similar words or statements that certain events or conditions

“could” , “may” , “would” or “will” occur. Such forward-looking statements involve known and unknown risks, uncertainties

and other factors that coul d cause actual events or results to differ materially from estimated or anticipated events or

results implied or expressed in such forward-looking statements. Such factors include, among others: the uncertainty that

any mineralization encountered on adjace nt properties continues on to TDG tenure for any appreciable distance ; the

uncertainty that geological and/or geophysical and/or geochemical anomalies and/or any trends, interpretations, or

conclusions based on adjacent properties have relevance to TDG’s tenure; whether the Aurora West Zone mineralization is

open along strike and/or dip and/or laterally in any direction and whether the mineralization will subsequently be

demonstrated to be of economic interest; whether the planned drill spacing is appropriate and will sufficiently deﬁne any

further mineralization identiﬁed to standards required to deﬁne mineral resources; the actual results of current and planned

exploration activities including whether the exploration program will be extended through some or all of the winter; whether

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TDG Gold Corp.

1400 – Guinness Tower

1055 West Hastings Street

Vancouver, BC, V63 2E9

or not the new interpreted porphyry style alteration (zone) is in fact part of a porphyry system/complex and whether future

drilling will intersect mineralization demonstrated to be of economic interest; whether or not the Aurora Complex is

indicative of the district scale porphyry potential; whether or not additional drilling will result in more favourable local

geological conditions and nearby holes produce materially different results; whether or not any results at the Aurora West

Zone have any relevance to the geological potential of the remaining of TDG Gold’s mineral tenure in the Toodoggone ;

whether or not the Shasta epithermal deposit is at all related to the Aurora West Zone; whether or not future or subsequent

drilling at Shasta and/or Greater Shasta -Newberry areas will demonstrate mineralization to be of economic interest;

whether or not Shasta South represents a potential epithermal target and whether that target if drilled will intersect

mineralization demonstrated to be of economic interest; whether or not the three target areas Shasta South, Shasta West

and/or Newberry South have epithermal Au-Ag and/or porphyry Au-Cu potential and any drilling will intersect mineralization

of economic interest; the actual timing of current and planned exploration activities; changes in project parameters as plans

to continue to be reﬁned ; accidents, labour disputes and other risks of the mining industry; the availability of sufficient

funding on terms acceptable to the company to complete the planned work progr ams; delays in obtaining governmental

approvals or ﬁnancing; and ﬂuctuations in metal prices. There may be other factors that cause actions, events or results

not to be as anticipated, estimated or intended. Any forward -looking statement speaks only as of the date on which it is

made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to

update any forward -looking statement, whether as a result of new information, future events or results or otherwi se.

Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put

on such statements due to the inherent uncertainty therein.

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