Launch of New Public Mining Company with Advanced Stage Minera Vetas Gold Project in Colombia
615 – 800 West Pender Street, Vancouver, BC V6C 2V6 [email protected]
0749116 B.C. LTD.
(DBA TERRA ROSSA GOLD LTD.)
Launch of New Public Mining Company with Advanced Stage
Minera Vetas Gold Project in Colombia
VANCOUVER, BC - October 23, 2025 - 0749116 B.C. Ltd. (formerly, Baroyeca Gold & Silver
Inc.) (dba Terra Rossa Gold Ltd.) (the “Company”) (TSXV: TRR) is pleased to announce that
as a result of the recent listing on the TSX.V under the symbol TR R, (see PR dated October
20, 2025), the Company is now well positioned to re -commence exploration and
development work on its advanced stage Vetas Gold Project (" Vetas") located in
Santander, Colombia, 3 km north of the multi -million ounce Soto Norte gold project. The
Company holds 100% of the Vetas Gold Project.
The project was drilled from surface by CB Gold between 2010 and 2013, outlining several
gold bearing veins and stockwork systems, highlighting the potential for high-grade gold and
silver vein mineralization.
A total of 162 diamond drillholes totalling 71,035 m were completed on the Property between
2010 and 2013. Highlight assay results include:
Drillhole ED-DDH12-106A from El Dorado returned assays of 19.83 g/t Au and 10.6 g/t
Ag over 3.3 m between 321.43 m to 324.8 m depth;
Drillhole AR -DDH11-06 from the Arias zone returned assays of 506.69 g/t Au and
89.7g/t Ag over 0.74 m between 162.32 m to 163.06 m
Drillhole RM-DDH12-11 from Real Minera returned assays of 78.14 g/t Au and 12.66
g/t Ag over 3.31 m between 98.2 m to 101.51 m.
Vetas lies within the prolific Vetas-California Mining District, within a belt of epithermal gold-
silver occurrences. including the Soto Norte Project. The Vetas gold project is located
adjacent to the town of Vetas, a historic mining community, approximately 70 kilometres
northeast of the city of Bucaramanga. Mineralization and artisanal mining at the Vetas Gold
Project comprise several narrow high-grade Au -Ag bearing veins striking northeast and
northwest, moderate to steep ly dipping. The area has a long history of gold mining dating
back to at least the seventeenth century. Modern exploration at Vetas was only commenced
by CB Gold in September 2009 and ended in 2013.
615 – 800 West Pender Street, Vancouver, BC V6C 2V6 [email protected]
The Company plans to advance the Vetas Project in the near term with an extensive
underground sampling and drilling program with the goal to better understand and expand
the delineation of high- grade vein resources exploitable by underground mining methods.
This work will initially involve compiling existing data, detailed underground mapping of
existing mine workings, detailed underground channel sampling and prioritizing targets for
subsequent drifting and underground diamond drilling.
Table 1. 2010 - 2013 historical drilling assay highlights (after Barnett and Dishaw, 2014)
Drill Hole Area From (m) To (m) Au Weighted
Average
Ag Weighted
Average
RM-DDH10-001 San Bartolo 179 181 2.0m@ 9.57g/t [email protected]/t
RM-DDH10-002 La Botella 208 214.9 [email protected]/t NSV
RM-DDH11-006 La Botella 247.15 251.93 [email protected]/t [email protected]/t
RM-DDH11-006 La Botella 232.37 233.37 [email protected]/t [email protected]/t
RM-DDH11-009 San Bartolo 209.5 213.8 [email protected]/t [email protected]/t
RM-DDH11-009 Higueron 71.39 77.95 [email protected]/t NSV
RM-DDH11-011 San Bartolo 97.2 103.8 [email protected]/t [email protected]/t
RM-DDH11-015 Higueron HW 139.05 141.73 [email protected]/t [email protected]/t
RM-DDH11-016 San Bartolo 133.3 135.3 [email protected]/t [email protected]/t
RM-DDH11-017 La Botella 134.65 143.93 [email protected]/t [email protected]/t
ED-DDH11-028 El Dorado 296.35 298.7 [email protected]/t [email protected]/t
ED-DDH11-030 El Dorado 327.8 329.41 [email protected]/t [email protected]/t
AR-DDH11-036 Arias 242.22 243.13 0.91 m @ 6.2 g/t 0.91m @ 548.0 g/t
AR-DDH11-036 Arias 223.89 227.94 [email protected]/t [email protected]/t
AR-DDH11-036 Arias 198.74 201.36 [email protected]/t [email protected]/t
AR-DDH11-039 Arias 164.73 166.15 1.42 m @ 5.23 g/t 1.42m @ 61.67 g/t
AR-DDH11-041 Arias 330.55 331.65 1.1 m @ 2.49 g/t 1.1m @ 12.1 g/t
RM-DDH11-042 Real Minera 47 55.27 [email protected]/t [email protected]/t
LD-DDH11-045 La Peter 320.1 321.2 [email protected]/t NSV
RM-DDH11-046 Real Minera 31.32 72.21 [email protected]/t [email protected]/t
RM-DDH11-046 Real Minera 115.95 146.3 [email protected]/t [email protected]/t
615 – 800 West Pender Street, Vancouver, BC V6C 2V6 [email protected]
Drill Hole Area From (m) To (m) Au Weighted
Average
Ag Weighted
Average
LD-DDH11-048 Santa Isabel 414.2 415.28 [email protected]/t [email protected]/t
LD-DDH11-048 Santa Isabel 243.45 244.15 [email protected]/t [email protected]/t
LD-DDH11-051 Los Delirios 122.6 127.73 [email protected]/t [email protected]/t
RM-DDH11-053 Real Minera 208.35 216.85 [email protected]/t [email protected]/t
LD-DDH11-054 Santa Isabel 162.2 164 [email protected]/t [email protected]/t
LD-DDH11-057 Santa Isabel 167 169.1 [email protected]/t [email protected]/t
LD-DDH11-057 Los Delirious 167 169.1 [email protected]/t [email protected]/t
AR-DDH11-062 Arias 249 250.7 [email protected]/t [email protected]/t
AR-DDH11-062 Arias 162.32 163.06 [email protected]/t [email protected]/t
AR-DDH11-065 Arias 232.07 235.6 [email protected]/t [email protected]/t
AR-DDH11-068 Arias 199 200 [email protected]/t [email protected]/t
AR-DDH11-070 Arias 245.05 246.7 [email protected]/t [email protected]/t
SI-DDH11-072 Santa Isabel 205 205.07 [email protected]/t [email protected]/t
RM-DDH11-075 Real Minera 44.38 45.2 [email protected]/t [email protected]/t
SI-DDH11-077 Santa Isabel 244.1 246.02 [email protected]/t [email protected]/t
ED-DDH11-079 El Dorado 212.92 215.08 [email protected]/t NSV
SI-DDH11-080 Santa Isabel 167.3 168.18 [email protected]/t [email protected]/t
RM-DDH12-081 Real Minera 230.95 235.7 [email protected]/t [email protected]/t
SI-DDH12-086 Tesorito 168.77 169.8 [email protected]/t [email protected]/t
ED-DDH12-087 El Dorado 443.13 444.1 [email protected]/t [email protected]/t
ED-DDH12-087 El Dorado 388.32 391.14 [email protected]/t NSV
ED-DDH12-087 El Dorado 388.32 392.3 [email protected]/t [email protected]/t
SI-DDH12-089 Tesorito 57.5 59.43 [email protected]/t [email protected]/t
ED-DDH12-090 El Dorado 417.3 419.18 [email protected]/t [email protected]/t
ED-DDH12-090 El Dorado 417.3 419.18 [email protected]/t [email protected]/t
SI-DDH12-100 Tesorito 66.8 74.4 [email protected]/t [email protected]/t
SI-DDH12-100 Tesorito 435.43 439.83 [email protected]/t [email protected]/t
SI-DDH12-102 Tesorito 142.53 143.7 [email protected]/t [email protected]/t
SI-DDH12-105 Santa Isabel 130.25 140.77 [email protected]/t [email protected]/t
ED-DDH12-106A El Dorado 321.43 324.8 [email protected]/t [email protected]/t
RM-DDH12-119 Real Minera 98.2 101.51 [email protected]/t [email protected]/t
615 – 800 West Pender Street, Vancouver, BC V6C 2V6 [email protected]
Drill Hole Area From (m) To (m) Au Weighted
Average
Ag Weighted
Average
RM-DDH12-121 Real Minera 212.1 220.35 [email protected]/t [email protected]/t
SI-DDH12-122 Santa Isabel 69.11 73.45 [email protected]/t [email protected]/t
RM-DDH13-145 Real Minera 248.7 249.7 [email protected]/t [email protected]/t
RM-DDH13-156 Real Minera 266.6 272.7 [email protected]/t [email protected]/t
*True thickness is interpreted to be approximately 60-70% of drilled width.
Quality Assurance and Quality Control
Previous operators, CB Gold , used industry standard best practice quality control
procedures during collection of drill core data, including the insertion of commercial
certified control samples, sample blanks, and duplicates to monitor the accuracy and
precision of their analytical results.
From October 29, 2009 until July 25, 2011 samples were sent to ALS laboratories sample
preparation laboratory in Bogota, Colombia, where they were dried, crushed, split and
pulverized. Subsequently, 250g pulps were sent to ALS' laboratory in Lima, Peru, f or
analyses. From August 28, 2011 to July 24, 2013 samples were sent to the ACME
laboratories sample preparation laboratory in Medellin, Colombia where they were dried,
crushed, split and pulverized. Subsequently, 250g pulps were sent to ACME's laborator y
in Vancouver, British Columbia, for analyses.
Drill core samples were analyzed for a 34 element suite, including Au and Ag, by ICP-MS. All
s a m p l e s w i t h A u r e s u l t s i n e x c e s s o f 0 . 0 7 5 p p m w e r e s e n t f o r f u l l m e t a l l i c s c r e e n fi r e
assay. S a m p l e s i d e n t i fi e d b y t h e l o g g i n g g e o l o g i s t s t o c o n t a i n v i s i b l e g o l d or otherwise
thought to contain high-grade mineralization were automatically sent for full metallic screen
fire assay with an AA finish. If the metallic screen minus fraction was in excess of 10 ppm
Au, then a gravimetric finish was also completed.
ACME and ALS Chemex are independent laboratories accredited to ISO 17025 by the
Standards Council of Canada for a number of specific test procedures, including: fire assay
for gold and silver with atomic absorption and gravimetric finish; multi -element inductively
coupled plasma optical emission spectroscopy; and atomic absorption assays for silver,
copper, lead and zinc.
615 – 800 West Pender Street, Vancouver, BC V6C 2V6 [email protected]
During sampling, geologists inserted standards, duplicates, and blanks for quality control.
Each batch of samples consisted of a maximum of 65 samples. Each batch included one of
each of the five different types of standards (typically used at any given time), spaced every
10-20 samples. The standard sachets (packages) used were a minimum of 100g (Barnett and
Dishaw, 2014)
The technical information contained in this news release has been reviewed and approved
by Alfonso Rodriguez of APEX Geoscience Ltd., who is a Qualified Person as defined under
NI 43-101.
About the Vetas Gold Project
Vetas is located in the Northern Andes of Colombia, approximately 70 kilometres (km)
northeast of Bucaramanga, Santander, Colombia (Figure 1) , in the California -Vetas Mining
District (“CVMD”), town of Vetas, Santander department, Colombia , within a belt of low to
intermediate sulfidation epithermal gold -silver occurrences. The Vetas Gold Project
comprises 9 mineral claims covering a combined area of approximately 313.9 hectares (ha).
Vetas is located in a favourable geological setting, within the Santander Massif. The local
geology of the Property comprises four main geological units: 1) the Bucaramanga Gneiss
Complex (Proterozoic); 2) calc-alkaline granitoids of the Santander Plutonic Group (Triassic-
Jurassic); 3) sedimentary rocks (Cretaceous) unconformably overlying the gneisses and the
granitoids in the western part of California- Vetas mining district; and 4) porphyritic quartz -
monzodiorite to granodiorite bodies (Miocene) cross-cutting all previous units. Quartz veins,
breccias and silicified tabular bodies representing magmatic hydrothermal events
associated with alteration and mineralization of Plio-Pleistoscene age cross-cut/are hosted
by older rocks throughout the California-Vetas Mining District.
The California-Vetas Mining District hosts a number of important epithermal gold
occurrences including Aris Mining’s Soto Norte project, La Baja, San Celestino and
Buenavista. Gold-silver mineralization at the Vetas Gold Project occurs in hydrothermal
veins and breccias, typically associated with gray quartz and sulphides and hydrothermal
breccias with gray quartz cement, hosted by argillic/phyllic altered host rocks. Zones of
stockwork-like veining zones are common at surface, mainly in the Real Minera zone.
615 – 800 West Pender Street, Vancouver, BC V6C 2V6 [email protected]
About 0749116 BC Ltd. (dba Terra Rossa Gold Ltd.)
The Company is a well -financed gold exploration and development corporation with an
experienced mine development team. A local exploration and administration team is in
place in Colombia, and the Company also has a local community relations office in the town
of Vetas. Current Board and Management is focused on building shareholder value through
and the advanced exploration and subsequent development of the Vetas project.
On Behalf of the Board of Directors,
Patrick Downey, CEO
T: 604-802-8492 or [email protected]
Neither the 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 news
release.
Investors are cautioned that, except as disclosed in the Filing Statement prepared in connection with the
Transaction, any information released or received with respect to the Transaction may not be accurate or
complete and should not be relied upon. Trading in the securities of the Company should be considered
highly speculative.
Forward Looking Information
This press release contains statements that constitute “forward-looking information” (“forward-looking
information”) within the meaning of the applicable Canadian securities legislation. All statements, other
than statements of historical fact, are forward-looking information and are based on expectations,
estimates and projections as at the date of this news release. Any statement that discusses predictions,
expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but
not always using phrases such as “anticipate”, “believe”, “continue”, “estimate”, “expect”, “intend”,
“projected” or variations of such words and phrases or stating that certain actions, events or results
“may”, “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of
historical fact and may be forward-looking information.
More particularly and without limitation, this press release contains forward-looking statements
concerning the anticipated resumption of trading of the Common Shares, the issuance of the final bulletin
by the Exchange, the proposed business of the Company going forward, and the anticipated Name
Change. In disclosing the forward-looking information contained in this press release, The Company has
made certain assumptions, including that receipt of final approval of the Exchange. Although the
Company believes that the expectations reflected in such forward-looking information are reasonable, it
can give no assurance that the expectations of any forward-looking information will prove to be correct.
615 – 800 West Pender Street, Vancouver, BC V6C 2V6 [email protected]
Known and unknown risks, uncertainties and other factors may cause the actual results and future events
to differ materially from those expressed or implied by such forward-looking information. Such factors
include but are not limited to: delay or failure to receive regulatory approvals and general business,
economic, competitive, political and social uncertainties. Accordingly, readers should not place undue
reliance on the forward-looking information contained in this press release. Except as required by law,
the Company disclaims any intention and assumes no obligation to update or revise any forward-looking
information to reflect actual results, whether as a result of new information, future events, changes in
assumptions, changes in factors affecting such forward-looking information or otherwise.
The Exchange has in no way passed upon the merits of the Transaction and has neither approved nor
disapproved the contents of this press release.