Investorideas.com, a global investor news source covering mining and metals stocks, issues a snapshot of Apollo Silver Corp. (TSXV: APGO,OTC:APGOF) (OTCQB: APGOF) showing how it’s executing its vision of owning significant silver assets, attracting world class management with the recent appointment of President and CEO, Ross McElroy and building long term value for its shareholders.

Apollo Silver (Apgo) (Apgof); Right Assets, Right Management and Right Time

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For mining investors, Ross McElroy’s name has become legendary; building a successful uranium company and providing shareholders with an exit strategy that made headlines around the world.

McElroy, a professional geologist, brings over 38 years of mining industry expertise, spanning operational and corporate roles across major, mid-tier and junior mining and exploration companies.

Last year, as CEO of TSX-listed Fission Uranium, McElroy executed a deal to be acquired by Australian company Paladin Energy, in an all-stock transaction valued at $1.14 billion.

For Andy Bowering, former CEO and now Chairman at Apollo, bringing in Ross at this stage of the game was a familiar path, following his strategy at Prime Mining Corp and other companies. Bowering handed over the reins to Ross, knowing he could take Apollo from exploration to production based on a track record that few have achieved in the mining sector.

Bowering is a venture capitalist with 30 plus years of history of putting deals together; finding the right assets and then bringing in leadership at the right moment that can take the deal to the next level.

Talking of Ross, he said, ‘Our ability to attract someone with Ross’ expertise, energy and track record of value creation speaks volumes about the opportunity at Apollo. I believe he will have a transformative impact on the Company’s future and all stakeholders will benefit greatly.’

Bowering also told Investorideas in a recent Exploring Mining Podcast, ‘I’ve had a few great exits for shareholders but I have never hit the billion dollar mark and that’s why we wanted Ross under our umbrella.’

Apollo’s current portfolio consists of two silver exploration and resource development projects, the Calico Project, in San Bernardino County, California and the Cinco de Mayo Project in Chihuahua, Mexico. Apollo is currently fully funded to advance its projects with cash in the bank of $11 Million in the treasury as of June 2025.

Looking at the current silver projects, the California Calico Project is one of the US’s largest undeveloped primary silver deposits. The Company acquired it for $41 Million and put another $13 Million into it, betting big on the opportunity.

The Calico Project, comprising the adjacent Waterloo and Langtry properties, is located in the historic Calico Silver Mining District in the Mojave Desert of San Bernardino County, California.

Ross McElroy spoke of the Calico Project in a recent interview, saying, ‘It isn’t just land; it’s land that is meaningful.’

He went on to note, ‘It is a result of the Calico fault system that runs from the northwest to the southeast and is responsible for the emplacement of Langtry and Waterloo deposits that occur long the Calico fault trend. Importantly, the new claims are following the controlling primary mineralized feature, so they are located along strike and trend for the mineralization in the system.

‘We already know that there is are a number or of historic surface anomalies of silver and gold as well as a number of base metals including zinc and copper on the new claims. It is our job to go about executing the proper exploration process in order to generate new and significant targets for drilling.

‘We think we can make further discoveries of gold and silver that we see along this trend.’

Apollo announced an updated mineral resource estimate (‘MRE’) for the Calico Project (the ‘2023 MRE’), which now contains 110 million ounces (Moz) silver in 34.2 million tonnes (Mt) at an average grade of 100 grams per tonne (g/t) silver in Measured and Indicated category, and 0.72 Moz silver in 0.29 Mt at an average grade of 77 g/t silver in the Inferred category, all at Waterloo.

Apollo and its management saw an opportunity to expand on the project and on May 20^th, the Company announced it had increased the Calico land package by over 285% from 1,194 ha to 3,409 ha of contiguous claims.

The Calico land package announcement was the first news from Apollo under the new management direction with Ross McElroy as President and CEO.

The newly acquired Mule claims consist of 415 lode mining claims, acquired from LAC Exploration LLC, a wholly-owned subsidiary of Lithium Americas Corp. (TSX: LAC) ( NYSE: LAC), the previous operators of the property.

Historic preliminary mapping and sampling of the Mule claims from the former operator have identified several high-grade silver anomalies.

Commenting on the opportunity, Ross McElroy, President and CEO of Apollo said in the press release, ‘The addition of the Mule claims substantially enhances the Calico Project. Calico already hosts 3 discrete drill delineated zones with resource estimates along a 4km long trend, along the Calico fault zone. The Mule claims increase the overall land area of the Calico project by more than 2.5x. The new claims are strategically located to the east along the very prolific Calico mineralized corridor and represent a great opportunity for further discoveries. Apollo is committed to continuing to unlock value in California for our shareholders.’

With the strong environmental concerns in California, its low 1.1:1 strip ratio ensures optimized operations and a minimalized footprint.

Looking at the growth opportunities at Calico, the Company says there is ‘potential to expand silver and gold resources and the intent to add barite to future resource update, making a potentially meaningful contribution to project economics.’

With Apollo making its silver assets the primary focus, barite may open other doors, with the US mandate prioritizing critical minerals for national security designating barite as a critical mineral. Barite serves multiple purposes, notably as a weighting agent in oil and gas drilling fluids to manage borehole pressure.

So what’s next for the Calico project? The Company plans continued resource growth and conversion, working to extend the 2024 drill permits at Waterloo Project, and de-risking and advancing the project towards production.

Apollo’s Cinco de Mayo Project, in Chihuahua, is located on the Northwest and Southeast trend that hosts the world’s largest Carbonate Replacement Deposits. Cinco de Mayo is made up of 29 concessions totaling over 25,000 ha located in the Municipio de Buenaventura, with a high-grade historical resource of approximately 154M AgEq oz.

In September 2024, Apollo entered into an exploration, earn-in and option agreement with MAG Silver Corp. (TSX: MAG) and its subsidiary, Minera Pozo Seco, S.A. de C.V. to acquire the Cinco de Mayo Project.

Apollo was able to acquire the option at a discount to its potential valuation, but with a challenge of establishing social license in Mexico. Once social license has been achieved, Apollo Silver will secure the necessary licensing and permits to access and conduct exploration activities on the Cinco de Mayo property.

Bowering’s history with Prime Mining Corp and its ‘boots on the ground’ presence in Mexico gives him in-depth experience on how to navigate the next steps. The Company will be engaging with local community members to rebuild trust and gain access, with a goal of building a mine that will generate employment and meet environmental standards.

An advantage operationally, the Cinco de Mayo’s primary mine is an underground mine, fitting into the current narrative banning future open pit mining, thus aligning with environment concerns.

The Cinco de Mayo project, with the Pegaso Zone representing a potential significant new discovery, is blue sky to Apollo if they achieve exploration approval.

Building shareholder value is important to Apollo’s management team. ‘Apollo’s strategy is to provide maximum upside to investors through focusing our exploration and resource definition programs in mining jurisdictions with historic silver production and limited modern exploration.’

This is not just a statement on their website; it is backed by their actions. Bowering can relate to investors and is a large shareholder in the company, having put $6 Million of his own capital into the company and not taking a salary during his term as President.

Ross McElroy echoed Andy’s sentiment about having skin in the game, saying recently he is also a shareholder and it’s important to have management that are shareholders, so all of the interests are aligned.

The winning combinations of Ross McElroy and Andy Bowering have track records of successful exit strategies for their shareholders. Apollo’s executive team has been involved in over $5B of M&A activity.

With a base of two significant silver projects, they are also focused on finding additional opportunities and building out assets for Apollo Silver.

With silver prices rising and a renewed focus from the US Government to prioritize critical and strategic mineral resources, Andrew Bowering says, ‘This is the right place, right time for Apollo.’

Visit www.apollosilver.com for further information.

Apollo Corporate Presentation:

https://apollosilver.com/wp-content/uploads/2025/06/APGO-Investor-Presentation-2025-06-13.pdf

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Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE:6CA) is pleased to present its new predictive model for the Cadillac Project in the heart of the Val-d’Or mining camp, Quebec, created with Artificial Intelligence (″AI″) using VRIFY’s AI-Assisted Mineral Discovery Platform, DORA. With robust geoscientific information from across the 14,000-ha Cadillac Property, the Company was able to unlock value from this data by leveraging VRIFY’s proprietary algorithms and feature processing to generate a VRIFY Prospectivity Score (VPS) over the entire land package. The VPS is a probabilistic value, helping Cartier’s team prioritize and guide a portion of the Company’s upcoming 100,000-m drill program using an approach backed by data-driven insights.

For an interactive view of Cartier’s 3D model showcasing the AI results, please use the link below:
  https://vrify.com/decks/18798   

Philippe Cloutier, President & CEO, stated: ″ We are very impressed by the results generated from DORA, VRIFY’s AI-Assisted Mineral Discovery Platform. These results reveal potential extensions of known mineralization laterally and at depth, and more significantly, map out new subsurface zones of high prospectivity. We’re particularly excited by the discovery of multiple areas that showed high prospective scores where little to no drilling or modern exploration efforts exist. ″ Adding, ″ We will drill these areas and have planned contingency drilling to follow up on successes. ″

″ Cartier’s recent results are highly encouraging, particularly within the context of a mature, historically productive mining camp where multiple high-potential zones remain untested, ″ noted Steve de Jong, CEO and Co-Founder, VRIFY. ″ These outcomes highlight the strength of leveraging artificial intelligence as an exploration tool, demonstrating how AI-assisted analysis of geoscientific datasets can systematically identify targets that were previously overlooked by conventional methods. ″

  Data Compilation and Feature Processing  

The Company and VRIFY have collaborated to undertake extensive data aggregation and synthesis, leveraging sophisticated AI techniques to extract meaningful insights from a wide range of proprietary and publicly available datasets, including:

• Over 158,000 drill hole assays from ~ 544,000 m of drilling contained in ~ 4,500 holes;

 

• Surficial geochemistry including rocks, soils, glacial till, bark, and stream and lake sediments totalling over 8,500 individual assays;

 

• Over 15,000 individual structural data points from regional and local bedrock mapping and down hole measurements;

 

• Regional geophysics including magnetics, EM, and gravity providing continuous coverage over the entire Cadillac Property;

 

• Several local high-resolution geophysical surveys including IP, ground and helicopter magnetics, and VLF data.

 

Using VRIFY’s proprietary Feature Processing, a total of 148 additional geoscientific products were created and leveraged to enhance the predictive modelling at Cadillac (Figure 1). These products have been instrumental in providing additional geoscientific insights and have proven to hold considerable predictive power for target generation.

  Figure 1. Data stack representing the raw regional and proprietary data sets at the Cadillac Property (left-hand side) and fully integrated data stack after VRIFY’s Feature Processing (right-hand side).  

  The Predictive Model and Target Generation  

Through the use of DORA, the Company was able to run multiple experiments incorporating different data sets, metal thresholds, and AI parameters resulting in a fine-tuned predictive model over the entire land package. Due to the robust nature of Cartier’s data set, DORA was also able to project VPS results at depth, revealing potential extensions of known mineralization and also mapping out new subsurface zones of high prospectivity. This resulted in the recognition of multiple areas that showed high VPS scores where there was previously little to no drilling or modern exploration efforts (Figures 2 and 3).

 
Figure 2. Cadillac AI model overview identifying target areas.  

For each of the targets generated, VRIFY provided Cartier with a Feature Importance Table explaining the relative weight of influence each geoscientific input had on the prospectivity model for that area. This has allowed the Company’s technical team to gain unbiased insights into the predictive power of its data sets and incorporate these insights into strategic decision making to inform their upcoming exploration campaign.

 
Figure 3. Feature Importance Table, Example Omicron Target.  

  The Largest Ever Drill Program on Cadillac Property  

Cartier is now fully funded for the largest-ever drill program on the Cadillac Property consisting of 100,000-m planned over the next 18 months. The drill program is set to begin late August 2025 and will include approximately 600 drill holes supported by two rigs focused on expanding known gold zones and testing new high-priority grassroots targets. Approximately 25% of the 100,000m is going to be dedicated to exploring targets generated by DORA, VRIFY’s AI-Assisted Mineral Discovery Platform, alongside other litho-structural targets.

  AI-Driven Exploration and Real-Time Insight  

DORA, VRIFY’s AI-Assisted Mineral Discovery Platform, uses a combination of proprietary algorithms and datasets, that include a wide variety of exploration features, to train predictive models. This platform leverages complex data relationships to predict mineral exploration targets, streamlining the process of identifying viable mineral systems that can then be further validated by geoscientists. The automation of target generation also allows trained models to be updated quickly with new data from ongoing exploration, as well as VRIFY’s growing database, creating an iterative workflow to improve accuracy and results.

For more information, visit VRIFY.com.

  Qualified Person  

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).

  About Cartier Resources Inc.  

 Cartier Resources Inc. was founded in 2006 and is an advanced gold project exploration company based in Val-d’Or (Quebec, Canada). In 2024, Quebec ranked 5th among the best mining jurisdictions in the world (Fraser Institute). Cartier owns 100% of its flagship Cadillac asset and controls a significant land package of 25,000 ha. The Cadillac project is located approximately 40 km east of Val-d’Or and close to existing gold mills with available capacity.

The results of the recent Preliminary Economic Assessment  ¹ (PEA) demonstrate the economic viability of the project with an average annual gold production of 116,900 oz over a 9.7-year mine life. The current Mineral Resource Estimate ¹ (MRE) totaling 7,128,000 tonnes at an average grade of 3.14 g/t Au for a total of 720,000 ounces of gold in the Indicated category and 18,475,000 tonnes at an average grade of 2.75 g/t Au for a total of 1,633,000 ounces of gold in the Inferred category .

1.   NI 43-101 Technical Report and Preliminary Economic Assessment for Chimo Mine and West Nordeau Gold Deposits, Chimo Mine and East Cadillac Properties, Quebec, Canada, Marc R. Beauvais, P.Eng., of InnovExplo Inc., Mr. Florent Baril of Bumigeme and Mr. Eric Sellars, P.Eng. of Responsible Mining Solutions, May, 29, 2023   .

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
  philippe.cloutier@ressourcescartier.com   
  www.ressourcescartier.com   

  Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.  

Photos accompanying this announcement are available at:
  https://www.globenewswire.com/NewsRoom/AttachmentNg/5ad669e7-8d18-4542-9a1a-159e1bc1a3f0    
   https://www.globenewswire.com/NewsRoom/AttachmentNg/18dcdfc3-f302-4cdf-9e26-c075350a6b86    
   https://www.globenewswire.com/NewsRoom/AttachmentNg/b8ebc69e-32cb-43c8-bfa5-456a4c6e045a   

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) (‘Silver47’ or the ‘Company’) is pleased to announce the 2025 exploration program is nearing completion at its wholly-owned Adams Plateau Project (the ‘Project’) in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX project.

Gary Thompson, CEO of Silver47, stated: ‘We are glad to continue our work on Adams Plateau toward defining drill targets on this road-accessible project. The abundance of surface mineralization on the Project is very encouraging for the potential of new and exciting discoveries. The Company has received a 5-year permit for drilling. This year is shaping up to be transformational for the Company with a full season of drilling at the flagship Red Mountain Project and the pending merger with Summa Silver.’

Key Highlights:

• Extensive coverage: 5,008 soil samples were collected over an approximately 35 square kilometer (‘km’) area with a focus on infilling the historical soil geochemical grid. An additional 76 rock samples have been collected with on-going prospecting to support future drill targets.
• Approach to discovery: soil geochemistry, in conjunction with follow up rock sample prospecting, represents an important step in target development and maximizes discovery efficiency.
• Significantly underexplored: very limited drilling has occurred outside historic production sites on the project.
• Work just beginning: the completion of this prospecting and soil geochemical survey serves as an initial step toward pinpointing targets and unlocking a multi-km search space.

Adams Plateau Historic Drilling Highlights:

Figure 1. Location Map of the Adams Plateau Project.

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Historic surface rock grab samples (separate samples) from across the property returned up to 4000 g/t silver, 10.4 g/t gold, 7% copper, 30% zinc, and 64% lead. Recent rock samples collected by Silver47 have returned up to:

• 3503 g/t silver, 1.0 g/t gold, 9.17% zinc, and >20% lead

• 170 g/t silver, 2.8 g/t gold, 7.1% copper, 1.05% zinc, and 0.86% lead*

• 2,400 g/t silver, 1.3 g/t gold, 6.8% zinc, and 20% lead*

*(BC Assessment Report 40920, 2022, 2022 Assessment Report on the Adams Plateau – https://apps.nrs.gov.bc.ca/pub/aris/Detail/40920)

Figure 2. Plan Map of the Adams Plateau Project with Zinc in soil and select rock analysis.

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Despite the long history of exploration on the plateau, historical geochemical data has been limited to small grids focused around known mineralization. Since acquiring the property in 2022, Silver47 has worked towards building a soil geochemical database which covers the entirety of the prospective Eagle Bay Assemblage. The 2025 soil grid ties together multiple historic grids with anomalous concentrations of silver, zinc and copper, and will provide near-total coverage over the high-priority zones of the central and eastern portions of the property.

Concurrent with the soil sample program, follow-up prospecting of previous high-grade soil and rock anomalies is taking place across the property. Recent forest fire activity and extensive logging operations have provided additional road access and the potential for new mineralization exposure along road cuts in previously under-explored areas.

The results of the 2025 sampling program, along with the extensive historic database will be used to refine drill targets, particularly in areas with limited bedrock exposure. With the recently granted 5-year multi-year area-based (‘MYAB’) permit, the company will be poised to begin drill testing for high-grade sulfide mineralization at historic and new, un-drilled targets along the extent of the Eagle Bay assemblage.

Exploration for silver-lead-zinc mineralization at Adams Plateau has taken place from 1925 to the present day with 137 assessment reports dating back to 1949 that suggest a large mineralized system indicating significant potential for discoveries. This is the first time the mineral claims in the area have been consolidated under one banner. The property hosts over 25 MINFILE occurrences, including limited historical, small-scale production at Beca (1926), Lucky (1956 and 1975-1977) and Spar (1985). Mineralization is typical of SEDEX and VMS type deposits, comprised of semi-massive to massive sulphide layers with pyrrhotite-tetrahedrite-sphalerite-galena-pyrite and localized chalcopyrite

Historical sampling over the claim group includes 7,021 soil samples, 115 rock samples and 79 silt samples. Recent work in 2022-2024 included the collection of 2,547 soil samples and 140 rock samples. Property-wide LiDAR and orthophotos have been completed to refine exploration targets. Limited historical drilling has occurred on the project outside the historic production sites.

Figure 3. Select rock grab samples photographs from the Adams Plateau Project 2025.

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Note: EX-1 is also referred to as SPAR

Data Verification

Historic data disclosed in this news release relating to past production and drilling is historic in nature and sourced from documents filed with the British Columbia Assessment Report Database (ARIS – https://apps.nrs.gov.bc.ca/pub/aris), or the British Columbia MINFILE Mineral Inventory (https://minfile.gov.bc.ca/). Historic production records for the Property are incomplete and of unknown accuracy. The Company is unable to verify the historic drilling data as drill hole rock samples are unavailable, precise collar locations cannot be field-located, and down-hole survey data is incomplete. Neither the Company, nor the qualified person can verify historic production or drill data and therefore investors should not place undue reliance on such data. The Company’s future exploration work will include verification of historic data where it is possible to do so.

Adams Plateau Project Overview

The wholly-owned 150 square km Adams Plateau Project is located approximately 100 km north-east of Kamloops, British Columbia with excellent road access, power and rail nearby.

SEDEX (Sedimentary Exhalative) deposits are known for their high-grade silver, lead, zinc, copper, mineralization. Exploration is primarily focused on sediment-hosted polymetallic massive sulphides within the prolific Eagle Bay Assemblage with silver, copper, gold zinc, lead being the primary commodities of interest with other critical minerals like graphite and antimony.

The nearby past-producing Samatosum mine, located about 15 km northwest of the project, operated from 1989 to 1992. Before production commenced in June 1989, reserves for the Samatosum open-pit deposit were reported to be estimated at 634 984 tonnes grading 1035 g/t silver, 1.9 g/t gold, 1.2% copper, 1.7% lead and 3.6% zinc. https://minfile.gov.bc.ca/summary.aspx?minfilno=082M%20%20244

QAQC

Quality assurance and quality control (QAQC) protocols for rock and soil samples collected in 2022, 2024, and 2025 at the Adams Plateau project followed industry standard practice. Samples were bagged on site and delivered to ALS Minerals Laboratories in Kamloops, British Columbia. ALS Kamloops / North Vancouver is certified with ISO/IEC 17025:2017 and ISO 9001:2015 accreditation from the Standards Council of Canada. The 2022 soil sample program inserted field duplicates at a rate of one duplicate per 20 samples. The 2024 soil sample program inserted one field duplicate per collector per day. Both 2022 and 2024 soil and rock samples relied on ALS Quality control procedures during preparation and analysis. All samples were weighed, pulverized and screened. The 2022 soil samples were analyzed by ALS method ME-ICP41 and Au-AA23. The 2022 rock samples were analyzed by ALS method ME-ICP61 and Au-AA23. Rock samples exceeding limits for Ag, Pb, Zn, and Cu were analyzed by OG62. 2024 soil samples. The 2024 soil samples were analyzed by ALS method ME-ICP41 and Au-ST43, with overlimit gold samples further analyzed by Au-AROR43. The 2024 rock samples were analyzed by ALS method ME-MS61 and Au-AA23.

Qualified Person

Mr. Alex S. Wallis, P.Geo., is Vice President of Exploration for Silver47 and a ‘qualified person’ as defined by National Instrument 43-101. Mr. Wallis has verified the data disclosed in this press release, including the sampling, analytical and test data underlying the technical information and has approved the technical information in this press release.

About Silver47 Exploration 

Silver47 Exploration Corp. wholly-owns three silver and critical metals (polymetallic) exploration projects in Canada and the US. These projects include the flagship Red Mountain Project in southcentral Alaska, a silver-gold-zinc-copper-lead-antimony-gallium VMS-SEDEX project. The Red Mountain Project hosts an inferred mineral resource estimate of 15.6 million tonnes at 7% zinc equivalent or 335.7 g/t silver equivalent, totaling 168.6 million ounces of silver equivalent, as reported in the NI 43-101 Technical Report dated January 12, 2024. The Company also owns the Adams Plateau Project in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX-VMS project, and the Michelle Project in the Yukon Territory, a silver-lead-zinc-gallium-antimony MVT-SEDEX project. For detailed information regarding the resource estimates, assumptions, equivalency calculations, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR+ at www.sedarplus.ca. The Company trades on the TSXV under the ticker symbol AGA and OTCQB under the ticker symbol AAGAF.

For more information about the Company, please visit www.silver47.ca and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled ‘Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd.’

No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS

This release contains certain ‘forward looking statements’ and certain ‘forward-looking information’ as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as ‘may’, ‘will’, ‘expect’, ‘intend’, ‘estimate’, ‘upon’ ‘anticipate’, ‘believe’, ‘continue’, ‘plans’ or similar terminology. Forward-looking statements and information include, but are not limited to: closing of the Offering, including the number of Units and FT Units issued in respect thereof; anticipated use of proceeds; expected closing date of the Offering; payment of finder’s fees; ability to obtain all necessary regulatory approvals; insider participation in the Offering; the statements in regards to existing and future products of the Company; and the Company’s plans and strategies. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the ability to close the Offering, including the time and sizing thereof, the insider participation in the Offering and receipt of required regulatory approvals; the use of proceeds not being as anticipated; the Company’s ability to implement its business strategies; risks associated with general economic conditions; adverse industry events; stakeholder engagement; marketing and transportation costs; loss of markets; volatility of commodity prices; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; industry and government regulation; changes in legislation, income tax and regulatory matters; competition; currency and interest rate fluctuations; and the additional risks identified in the Company’s financial statements and the accompanying management’s discussion and analysis and other public disclosures recently filed under its issuer profile on SEDAR+ and other reports and filings with the TSXV and applicable Canadian securities regulators. The forward-looking information are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws.

No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.

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•   High-grade gold intercepts highlighted by 15.5 m at 2.30 g/t Au, incl. 8.3 m at 3.43 g/t Au at the Road Cut Zone  

 

•   Initial drilling on the gap between Jagger and Road Cut Zone confirms target structure, warrants further testing  

 

•   Current drill phase complete; Geological modelling and planning underway for 15,000 m drill program expected to begin in H2 2025  

 

 Kobo Resources Inc. (‘ Kobo’ or the ‘ Company ‘) ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Road Cut Zone at its 100%-owned Kossou Gold Project (‘ Kossou ‘) in Côte d’Ivoire. Results from these holes continue to strengthen the Company’s understanding of the key structural controls that define this prospective target area.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250710272213/en/  

The Company also completed an initial test of the gap between the Road Cut and Jagger Zones, confirming the presence of the interpreted structure. Additionally, the Company has provided an outline of its next exploration priorities as it advances plans for its next phase of drilling and regional target work.

  Diamond Drill Results – Highlights:  

  Road Cut Zone:  

•   KDD0088  
  •   3.5 metres (‘m’) at 2.33 g/t Au from 81.0 m  

   

  •   1.0 m at 3.32 g/t Au from 119.0 m  

   

 

•   KDD0090  
  •   9.75 m at 1.69 g/t Au from 67.25, including 5.10 m at 2.93 g/t Au, from 68.9 m and 1.0 m at 11.30 g/t Au from 68.9 m, and  

   

  •   11.0 m at 2.88 g/t Au from 140.0 m, including 3.0 m at 8.25 g/t Au from 143.0 m  

   

 

•   KDD0091  
  •   5.0 m at 3.05 g/t Au from 28.0 m  

   

  •   15.5 m at 2.30 g/t Au from 123.0 m, including 8.0 m at 3.43 g/t Au from 126.0 m  

   

 

•   KDD0092  
  •   6.0 m at 2.05 g/t Au from 88.0 m  

   

 

•   KDD0093  
  •   6.0 m at 1.58 g/t Au from 76.0 m  

   

  •   7.95 m at 0.43 g/t Au from 106.0 m  

   

 

Edward Gosselin, CEO and Director of Kobo commented: ‘Our latest drilling has outlined additional strong gold mineralization at the Road Cut Zone, highlighting its scale and the consistency of grades and widths we are seeing along strike and down dip. Importantly, these results build on our understanding of the structural setting at Kossou and will help guide how we advance the Road Cut Zone in parallel with the Jagger Zone, including the structural corridor between the two targets.’  

He continued: ‘With this phase of diamond drilling now complete, our team is focused on advancing a larger, systematic program to further define the Jagger, Road Cut and Contact Zones, test the potential connection of the gap between these Jagger and Road Cut Zones, and expand our footprint to new targets identified at the Jagger South area and the underexplored western portion of the permit. Based on the work completed to date, we remain confident in the scale and continuity of mineralization at Kossou and believe the project continues to demonstrate significant potential as we move towards the next phase of drilling and a maiden Mineral Resource Estimate.’  

  Road Cut Zone Results  

Results from six diamond drill holes at the Road Cut Zone have been received. Holes KDD0088 to KDD0090 were drilled on three sections (RCZ725 to RCZ775) (see Figure 1) to test gold mineralization associated with diamond drill hole KDD0056 , which previously returned 10.0 m at 4.57 g/t Au ( see press release dated January 30, 2025 ).

  KDD0090 intersected two zones of strong gold mineralization: an upper intercept of 9.75 m at 1.69 g/t Au , including 1.0 m at 11.20 g/t Au , highlighting the high-grade nature of the cross-cutting V2 veins within the dominant northerly trending shear systems. The second intercept, 11.0 m at 2.88 g/t Au from 140.0 m, including 3.0 m at 8.25 g/t Au from 143.0 m, supports the continuity of high-grade mineralization within a previously identified structure (see Figure 2). Results from KDD0088 and KDD0089 , which returned 3.5 m at 2.33 g/t Au from 81.0 m, illustrate the variability of gold grades within the well-defined shear zones at the Road Cut Zone. These mineralised zones remain open at depth and will be targeted in future drilling.

A second set of holes, KDD0091 to KDD0093 (see Figure 3), targeted an area of artisanal mining previously trenched and sampled by the Company, which returned strong gold mineralization including trench KTR070 with 28.0 m at 4.44 g/t Au and trench KTR069 with 6.0 m at 2.50 g/t Au ( see press release dated December 5, 2023 ). Previous diamond drilling on this target also confirmed strong mineralization, including hole KDD0012 , which intersected 11.0 m at 1.71 g/t Au from 50.0 m ( see press release dated July 11, 2024 ).

All drill holes intersected significant gold mineralization, highlighted by KDD0091 , which returned 15.55 m at 2.30 g/t Au from 123.0 m, including 8.30 m at 3.43 g/t Au from 126.0 m. The mineralized zone is characterized by strong shearing within the basaltic host rocks, cross-cut by a series of V2 and V1 veins that are strongly altered and host gold mineralization that was consistent throughout the interval. This zones shows excellent continuity from surface down dip on the section RCZ500 (see Figure 4). Additional drilling is being planned to test these structures to the north and south along strike of shear zone and to depth.

  Testing Structural Corridor Between Jagger and Road Cut Zones  

One hole, KDD0087 , was drilled within the interpreted structural corridor between the Road Cut and Jagger Zones. The hole intersected a well-defined shear zone near surface but did not return significant gold mineralization. The presence of the shear structure provides further support for Kobo’s geological interpretation in this area. Additional drilling is planned to continue assessing the potential structural linkages and mineralization continuity between these two high-priority targets.

  Soil Geochemistry to Define Targets: South Jagger and Western Kossou Permit Area  

The Company has extended detailed infill soil geochemistry across the South Jagger Zone, collecting 270 samples to date. Previous infill sampling on a 25 m by 25 m grid proved effective in defining drill-ready targets at the Road Cut, Jagger and Kadie Zones further north. The South Jagger soil anomaly, which consistently returned values up to 1000+ ppb Au, now extends over a distance greater than 2 km, reinforcing its potential for follow-up drilling.

In addition, recent soil geochemical surveying has outlined a new northwest-trending anomaly of over 400 m in the western portion of the Kossou Permit, with individual sample results returning values up to 1,380 ppb gold. These results further support systematic target definition and demonstrate the upside potential across less-explored portions of the permit.

  Update on Regional Exploration: Kotobi Permit  

At the Kotobi Permit, the Company has collected 1,942 soil samples to date, with additional results pending. Recent work has defined a 50+ ppb gold-in-soil anomaly extending over 400+ m of strike length, with individual samples returning between 370 ppb and 1,420 ppb Au. Follow-up pitting and trenching are currently underway to better define this anomaly and assess its potential for future exploration work.

  Earn-In Agreement: NESDAVE MINING  

Regional scale soil geochemical sampling is underway at the Akoboissue Permit (PR0970). Information meetings are underway with local village chiefs and elders with respect to the Annépé Permit (PR0973) and regional scale soil geochemical sampling is expected begin shortly.

  Next Steps: Preparing for Expanded Drilling and maiden Mineral Resource Estimate at Kossou  

With this current phase of drilling now complete, the Company’s exploration and technical team is integrating the latest drill data into detailed geological models to refine its understanding of the structural controls at the Jagger and Road Cut Zones. This work will directly inform the Company’s next major drill campaign, which is anticipated to comprise more than 15,000 m of additional diamond drilling and begin in H2 2025. This expanded program will prioritize systematic step-out and deeper drilling at the Jagger Zone to support preliminary resource modelling, continue expansion drilling at the Road Cut Zone, and follow up on the interpreted structural corridor between the two zones.

Further, the Company plans to advance the Contact Zone with targeted drilling based on structural mapping completed to date and begin testing new targets on the western side of the Kossou Permit, supported by recent soil geochemical results indicating a strong northwest-trending gold anomaly. This methodical approach is designed to build on the Company’s drilling success to date, advance the potential for a future maiden Mineral Resource Estimate, and support the Company’s broader strategy to unlock value within Côte d’Ivoire’s highly prospective Birimian gold belt.

  Table 1: Summary of Significant Diamond Drill Hole Results  

An accurate dip and strike and controls of mineralisation are unconfirmed and mineralised zones are reported as downhole lengths. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances.

  Sampling, QA/QC, and Analytical Procedures  

Drill core was logged and sampled by Kobo personnel at site. Drill cores were sawn in half, with one half remaining in the core box and the other half secured into new plastic sample bags with sample number tickets. Core samples are drilled using HQ core barrels to below the level of oxidation and then reduced to NQ core barrels for the remainder of the bore hole. Samples are transported to the SGS Côte d’Ivoire facility in Yamoussoukro by Kobo personnel where the entire sample was prepared for analysis (prep code PRP86/PRP94). Sample splits of 50 grams were then analysed for gold using 50g Fire Assay as per SGS Geochem Method FAA505. QA/QC procedures for the drill program include insertion of a certificated standards every 20 samples, a blank every 20 samples and a duplicate sample every 20 samples. All QAQC control samples returned values within acceptable limits.

  Review of Technical Information  

The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, P.Geo., who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo.

  About Kobo Resources Inc.  

 Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d’Ivoire, one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.

With over 18,500 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou’s Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development.

Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d’Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo’s common shares trade on the TSX Venture Exchange under the symbol ‘KRI’. For more information, please visit www.koboresources.com .

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

   Cautionary Statement on Forward-looking Information:   

  This news release contains ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.  

  View source version on businesswire.com:    https://www.businesswire.com/news/home/20250710272213/en/   

For further information, please contact:

Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com  

Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.