Anteros Announces Application to JEA Program for Havens Steady Critical Mineral VMS Property, Newfoundland

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce that it has submitted a formal application under the 2025 Junior Exploration Assistance ("JEA") program for its 100%-owned Havens Steady Critical Mineral VMS Property ("Havens Steady or the "Property") in south-central Newfoundland (Figure 1). The Company's application seeks participation in both the Critical Mineral Assistance ("CMA") and Provincial Critical Mineral Assistance ("PCMA") funding streams, which provide enhanced rebates for critical mineral exploration activities in the province.

By leveraging these funding streams, Anteros aims to expand the known mineralization at Havens Steady and work toward defining a new critical mineral deposit for Newfoundland and Labrador.

JEA APPLICATION HIGHLIGHTS

Havens Steady hosts a polymetallic Volcanogenic Massive Sulphide ("VMS") system with significant occurrences of zinc, copper, silver, lead, and gold, qualifying the project for both CMA and PCMA components of the JEA Program.

Anteros has proposed a diamond drilling campaign comprising four (4) holes of 500 metres each for a total of 2,000 metres. Drilling is designed to step out from existing mineralized zones defined by more than 8,000 metres of historical drilling and intercepts of polymetallic, Kuroko-style VMS mineralization.

The Company has secured all necessary drilling and exploration approvals from the Mineral Lands Division of Newfoundland and Labrador. Located close to hydroelectric power and a skilled regional workforce, the Property benefits from excellent infrastructure and year-round road access in a mining-friendly jurisdiction.

The 1,000-metre known strike length is hosted in an altered felsic volcanic sequence, analogous to other large VMS deposits in the Buchans-Victoria Lake area. Historical work has identified multiple untested geophysical anomalies and strong precious-metal (gold-silver) and base-metal (zinc-lead-copper) intercepts. The Company intends to further evaluate these high-priority targets to bolster the province's growing inventory of critical minerals.

Figure 1: Havens Steady Property location (1:350,000 scale)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9885/241318_949aed4d9488e95b_002full.jpg

EXPLORATION STRATEGY

Since acquiring the Property in January 2024, Anteros has performed comprehensive digital compilation of historic data, confirming multiple conductive anomalies derived from past airborne electromagnetic surveys and highlighting several zones of high-grade sphalerite, galena, bornite, and chalcopyrite mineralization. Building on these findings and a newly established 3D modeling effort that refines the positions of various mineralized horizons, the Company is undertaking a Phase One exploration program with a CAD $300,000 budget. This initial phase, scheduled to begin in early summer of 2025, will focus on four diamond drill holes designed to extend mineralization along the Property's known 1,000-metre strike. Drilling targets will be selected using historical drill data, a recently digitized geophysical survey, and detailed structural interpretations of the VMS system, with the aim of delineating higher-grade shoots enriched with copper and gold. Drilling results are expected to inform a future NI 43-101-compliant mineral resource estimate.

PROPERTY HIGHLIGHTS

100%-owned by Anteros Metals
Road accessible and situated in a region renowned for rich, Kuroko-type VMS deposits
Proximal to the past-producing Duck Pond Mine and other major VMS operations within the renowned Buchans Mining District
1,000-metre corridor of lead-zinc-silver ± copper-gold mineralization, extending to over 800 metres below surface
Historic drilled intercepts include:
- 25.38m of 0.10% Cu, 0.52%Pb, 1.78% Zn, 13.74g/t Ag, and 0.09g/t Au in HS09-21 from 133.77m
- 59.70m of 0.11% Cu, 0.17% Pb, 0.66% Zn, 8.32g/t Ag, and 0.23g/t Au in HS-87-2 from 9.20m
- 97.70m of 0.04% Cu, 0.33% Pb, 1.57% Zn, 9.20g/t Ag, and 0.09g/t Au in HS-88-05 from 298.00m
Historic drilled intercepts of gold and/or copper enrichment, including:
- 2.72m of 2.1% Cu, 3.6% Pb, 6.17% Zn, 56.42g/t Ag, and 1.82g/t Au in HS09-18 from 97.42m
- 1.70m of 3.80% Cu, 1.06% Pb, 2.90% Zn, 78.20g/t Ag, and 3.04g/t Au in HS09-21 from 80.80m
- 0.50m of 3.10% Cu, 0.16%Pb, 0.85% Zn, 23.80g/t Ag, and 0.59g/t Au in HS09-21 from 120.75m
- 25.38m of 0.10% Cu, 0.52%Pb, 1.78% Zn, 13.74g/t Ag, and 0.09g/t Au in HS09-21 from 133.77m
- 2.60m of 2.94 g/t Au in HS-87-2 from 13.70m
- 1.30m of 4.16% Cu in HS-86-86 from 134.7m
Valid exploration permits in place, ensuring a streamlined 2025 drill program
Complements the Company's Strickland VMS property, emphasizing a strategic focus on copper-zinc-lead as critical minerals for project portfolio expansion and economic growth

REGIONAL SETTING

Havens Steady is located within the Central Mobile Belt of the Dunnage Zone in Newfoundland and Labrador, an area underlain by Cambrian to Silurian volcanic and sedimentary sequences, as well as associated intrusive rocks. Situated along the periphery of the Victoria Lake Supergroup, home to several important volcanic assemblages, the Property resides within a mining-friendly jurisdiction that has historically yielded large, polymetallic VMS deposits. Notably, the past-producing Duck Pond Mine, only 15 kilometres away, reported pre-production reserves of 4.078 million tonnes grading 3.29% Cu, 5.68% Zn, 59.3 g/t Ag, and 0.86 g/t Au, in addition to an inferred and measured resource of 1.073 million tonnes of 3.04% Cu, 7.05% Zn, 71.2g/t Ag and 0.8g/t Au (Canadian Mining Journal, Aug 1, 2006).

The district's record of high-grade copper, zinc, and precious metal production underlines the geological potential of this emerging critical mineral hub.

GEOLOGICAL SETTING

Dominated by felsic volcanic rocks interbedded with graphitic argillites and siltstones, the Property exhibits strong sericitization and silicification, with chloritic alteration intimately associated with massive and stringer sulfide zones (Figure 2). The multiple known mineralized horizons host notable occurrences of sphalerite, galena, chalcopyrite, and bornite. The broader Buchans-Victoria Lake area is known globally for rich polymetallic ore bodies akin to the prolific Kuroko deposits of Japan.

Figure 2: Geology, geophysics, and historical drilling at Havens Steady

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9885/241318_949aed4d9488e95b_003full.jpg

ADDITIONAL INFORMATION

For more information regarding the Newfoundland and Labrador Junior Exploration Assistance Program, please visit: https://www.gov.nl.ca/iet/mines/exploration/mip/jea/

Additional details about Havens Steady and Anteros Metal's operations are available in the Company's Investor DECK, downloadable on the Company website:
https://anterosmetals.com/wp-content/uploads/2025/02/Anteros_Deck_February_2025.pdf

QUALIFIED PERSON

The technical information contained in this news release has been reviewed and approved by Jesse Halle, P. Geo., a Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Halle is independent of Anteros Metals Inc. within the meaning of NI 43-101.

ABOUT Anteros Metals Inc.

Anteros is a multimineral junior mining company using data science to target and acquire highly prospective deposits for exploration and development throughout Newfoundland and Labrador. The Company is currently focused on advancing four key projects across diverse commodities and development horizons. Immediate plans for their flagship Knob Lake Property include bringing the historical Fe-Mn Mineral Resource Estimate into current status as well as commencing baseline environmental and feasibility studies.

For further information please contact or visit:

Email: info@anterosmetals.com
Phone: +1-709-769-1151
Web: www.anterosmetals.com
Social: @anterosmetals

On behalf of the Board of Directors,

Chris Morrison
Director

Email: chris@anterosmetals.com
Phone: +1-709-725-6520
Web: www.anterosmetals.com/contact

16 Forest Road, Suite 200
St. John's, NL, Canada
A1X 2B9

Cautionary Statement Regarding Forward-Looking Information

This news release may contain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements relating to the prospects for development of the Company's mineral properties, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241318

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Anteros Metals Initiates Channel Sampling at Havens Steady Following Grant Confirmation and Exploration Permit Approval

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce the commencement of a trenching and channel sampling program at its wholly-owned, road-accessible Havens Steady VMS Property ("Havens Steady" or the "Property") in central Newfoundland. This milestone follows confirmation of a Junior Exploration Assistance ("JEA") grant, and receipt of a provincial permit authorizing ten mechanical trenches and four ground supported drill holes.

Work is now underway at the Main Mineralized Zone ("MMZ"), where recent grab sampling confirmed high-grade lead-zinc-silver mineralization. Channel sampling of existing outcrop exposure will generate inaugural grade over width data for the MMZ zone, and will be followed by mechanized trenching to expose bedrock across key areas of the MMZ in addition to the highly-prospective northeastern extension area. The channel and trenching program will result in high-confidence targets slated to be drilled in 2025.

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Anteros Returns High-Grade Lead-Zinc-Silver in Surface Samples from the MMZ at its Havens Steady VMS Property, Newfoundland

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce assay results from six grab samples collected at the Main Mineralized Zone ("MMZ") of its wholly-owned, road-accessible Havens Steady VMS Property ("Havens Steady" or the "Property") in central Newfoundland. These samples confirm high-grade lead-zinc-silver mineralization at surface and show associated gold and copper enrichment consistent with a polymetallic volcanogenic massive sulphide ("VMS") system.

The grab samples were collected during a recent field visit, focused on confirming the tenor and extent of exposed mineralization within the MMZ. All samples were collected from bedrock outcroppings of gossanous surface material. Surface grab sample highlights are given in Table 1, below.

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Anteros Discovers High-Grade Copper-Gold-Silver in Untested Target Area at its Havens Steady VMS Property, Newfoundland

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to report assay results following a preliminary visit to its 100% owned, road-accessible Havens Steady VMS Property ("Havens Steady" or the "Property") in central Newfoundland. The field visit, designed to confirm historical surface data and refine exploration targets ahead of trenching and drilling, resulted in the discovery of high-grade copper-silver-gold mineralization from a newly accessible area approximately 200 metres northeast and along strike of the modelled Main Mineralized Zone ("MMZ").

Prospecting highlights include grab samples¹ of angular float returning up to 2.17% copper, 21.3 g/t silver, and 0.22 g/t gold from a previously untested target area. The discovery, coincident with historical copper-in-soil anomalies and geophysical targets, is interpreted to be locally derived and confirms the prospectivity and strike extension potential of the MMZ.

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Anteros Identifies High-Grade Copper-Gold Targets at the Strickland VMS Property, Newfoundland

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to report results from recent assessment work at its 100% owned Strickland VMS Property ("Strickland" or the "Property") in southwestern Newfoundland. The work focused on the digitization and interpretation of multi-element geochemical data from historic trenching, advancing drill targeting efforts on this underexplored polymetallic volcanogenic massive sulphide ("VMS") system.

Prior to its public listing, Anteros commissioned the compilation, digitization, and 3D geological modelling of the Strickland VMS system in 2023 and 2024. This foundational work established a strong understanding of Property's geology, alteration, and structure, and enhanced the understanding of multiple mineralized zones along a 1.4 kilometre trend (Figure 1). Since going public, Anteros has advanced the project through targeted follow-up, focusing on geochemical vectoring and priority zone refinement. The 2025 program confirmed compelling indicators of feeder-style alteration and mineralization in underexplored zones and highlighted several new high-priority exploration targets.

TRENCH ID	ZONE	FR. (m)	TO (m)	INT. (m)	Cu %	Pb %	Zn %	Ag g/t	Au g/t
Au-C1	Gold	1.20	6.40	5.20	0.84	0.35	0.10	75.6	0.77
including	Gold	5.40	6.40	1.00	3.20	0.50	0.35	131.0	1.32
Cu-C0	Copper	0.00	19.00	19.00	0.62	0.11	0.41	7.3	0.14
including	Copper	0.00	5.00	5.00	1.65	0.09	0.08	13.3	0.32
including	Copper	4.00	5.00	1.00	4.20	0.16	0.20	33.4	0.79
including	Copper	7.00	12.00	5.00	0.30	0.33	1.42	9.9	0.11
Cu-C1	Copper	1.00	6.00	5.00	1.91	0.05	0.03	26.6	1.83
including	Copper	2.00	3.00	1.00	3.70	0.05	0.01	43.2	3.25
Cu-C2	Copper	4.00	10.00	6.00	0.38	0.27	0.28	13.4	0.74
Cu-C3	Copper	0.00	4.00	4.00	0.69	0.40	0.25	42.9	0.26
M-C1	Main	0.00	4.00	4.00	0.03	2.05	3.96	262.6	0.30
M-C2	Main	2.20	5.20	3.00	0.03	1.19	0.24	123.5	0.16
M-C3	Main	0.00	2.20	2.20	0.04	1.93	0.13	452.9	0.31
MX-C1	Main Extension	0.00	3.75	3.75	0.10	2.10	3.86	152.2	0.06
MX-C2	Main Extension	0.00	1.40	1.40	0.11	5.14	8.95	311.6	0.40

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Anteros Identifies a Near-Surface High-Grade Critical Mineral Target at the Havens Steady VMS Deposit, Newfoundland

Anteros Metals Inc. (CSE: ANT) ("Anteros" or the "Company") is pleased to announce the identification of a near-surface, high-grade, critical-metal-bearing zone at its 100% owned, road-accessible Havens Steady VMS Property ("Havens Steady" or the "Property") in central Newfoundland. AI-assisted 3D modelling of historical drill data has highlighted stacked lenses of zinc-lead-silver-copper mineralization near surface. This newly interpreted target area, termed the NHC Zone, remains largely untested by historical drilling and will be a key focus of upcoming exploration activities. Field validation and further targeting work are planned to support an inaugural mineral resource estimate for the Property.

Located approximately 40 kilometres southeast of Buchans and 17 kilometres from the past-producing Duck Pond Mine, Havens Steady hosts a laterally extensive polymetallic volcanogenic massive sulphide ("VMS") system. The latest modelling confirms a steeply southeast-dipping main mineralized zone ("MMZ") trending 057°, with over 700 metres of drilled strike and multiple open vectors along strike and at depth. Within the MMZ, a shallow, relatively high-grade zone is modelled to exist (Figure 1).

Drill Hole	From (m)	To (m)	Int. (m)	Cu %	Pb %	Zn %	Ag g/t	Au g/t	ZnEq² %
HS-88-03	182.00	250.00	68.00	0.09	0.55	1.45	11.80	0.20	3.04
including	182.40	185.00	2.60	0.91	1.32	6.44	45.68	1.99	17.35
and	191.00	192.00	1.00	0.30	3.56	5.98	32.50	0.55	11.79
and	199.70	201.00	1.30	0.20	3.56	4.52	37.80	0.27	9.39
HS09-18	32.25	34.25	2.00	0.02	0.42	2.11	9.02	0.03	2.82
HS09-18	66.30	68.30	2.00	0.10	0.21	2.26	12.65	0.11	3.45
HS09-18	88.31	88.81	0.50	1.19	1.57	9.70	67.50	2.72	24.46
HS09-18	92.30	100.14	7.84	0.86	1.68	3.64	26.22	0.86	10.78
including	97.42	100.14	2.72	2.10	3.60	6.17	56.42	1.82	22.25
HS09-18	126.50	135.50	9.00	0.44	0.89	3.92	31.46	0.21	7.55
HS09-18	153.90	165.20	11.30	0.08	0.62	2.18	19.06	0.08	3.69
including	158.30	161.30	3.00	0.02	1.07	3.93	24.8	0.05	5.63
HS09-20	92.56	103.10	10.54	0.03	0.47	1.23	16.89	0.07	2.38
including	98.06	99.75	1.69	0.14	1.82	4.01	90.39	0.22	9.25
HS09-20	116.30	125.55	9.25	0.11	0.63	1.76	25.25	0.04	3.47
including	123.05	124.55	1.50	0.16	0.89	3.29	42.83	0.07	6.00
HS09-21	98.38	99.87	1.49	1.26	1.98	5.71	87.61	1.99	19.58
HS09-21	133.77	159.15	25.38	0.10	0.52	1.78	13.74	0.09	3.14
including	142.61	146.61	4.00	0.09	1.54	3.24	27.90	0.20	5.98

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International Lithium Announces Private Placement

International Lithium Corp. (TSXV: ILC,OTC:ILHMF) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce a non-brokered private placement (the "Offering") of up to 66,666,667 common shares at CAD $0.015 per share to raise gross proceeds of up to $1,000,000. The Company may pay finders fees on a portion of the placement.

Proceeds of the private placement will be used partly to allow the Company to invest in growing its Southern African and Canadian operations and partly for general working capital purposes. Payments to persons conducting Investor Relations activities are expected not to exceed 10% of the proceeds.

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Strong drilling targets identified next to high-grade gold-copper mine

HIGHLIGHTS:

Cygnus has identified numerous drilling targets near the historic high-grade Cedar Bay mine, which produced 400Koz Au and 61Kt Cu at an average of 4% CuEq, ² within the Chibougamau Project
Targets identified through ongoing review of historical data and drill logs using Cygnus' innovative custom-built AI solution
This highly successful approach has already delivered significant gold and copper results at Golden Eye, which will be included in the imminent resource update
Cedar Bay closed in 1990 when the price of copper was just US$1,150/t (US$0.52/lb) and gold was US$380/oz, and is located less than 3km from Cygnus' central processing plant
Cygnus aims to significantly increase the remaining unmined high-grade resource at Cedar Bay, which currently stands at 130kt at 8.9% CuEq Indicated and 230kt at 8.5% CuEq Inferred ¹
Mineralisation is open in numerous directions, with high-grade intersections outside of the current resource, including: ³
- 3.4m @ 16.8% CuEq (4.8% Cu, 15.2g/t Au & 23.3g/t Ag) (CB-27-9)
- 2.9m @ 9.6% CuEq (8.4% Cu, 1.0g/t Au & 43.0g/t Ag) (CB-27-6)
At Corner Bay, final infill results have been received and will feed into next month's resource update; These include:
- 3.5m @ 4.9% CuEq (4.2% Cu, 0.5g/t Au & 27.3g/t Ag) (CB-25-123)
- 1.8m @ 7.7% CuEq (6.3% Cu, 0.9g/t Au & 45.9g/t Ag) (CB-25-125)

Cygnus Executive Chairman David Southam said : "These latest targets, supported by historical drilling data, are located right next to a high-grade mine, making them compelling.

"Given their potential to help drive resource growth, we are mobilising another rig with the aim of drilling the targets ASAP.

"In the meantime, we are feeding the final results from Corner Bay into our updated resource model, which is set to be released next month. The resource update, combined with a pipeline of targets and multiple rigs turning, ensures we are maximising our ability to create significant shareholder value.

"Uncovering these new growth targets through our compilation strategy adds further weight to the work we are doing in the background which has already delivered success at Golden Eye in a mere six months of taking ownership. The Chibougamau camp has successfully produced a significant amount of high-grade gold and copper over a long history with multiple mines that have not been geologically or economically examined in over 35 years".

Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) ("Cygnus" or the "Company") is pleased to announce new promising targets next to an historic high-grade mine within its Chibougamau Copper-Gold Project in Quebec.

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Vertex Minerals Limited Underground Production Commences at the Reward Gold Mine Project

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) (OTCMKTS:VTXXF) commences underground production at the Reward Gold Mine, moving to high grade gold production.

Operational Milestones

- First blasting of gold producing ore on the Lady Belmore Reef was undertaken over the weekend.

- The material will start complementing the low-grade gold stockpile feed to the Gravity Processing Plant, until all mining fronts are enabled.

- In forthcoming weeks, VTX remains firmly on track to commence processing of high-grade stope ore from the underground mine.

- The Reward Underground 11kva to 1000v Transformer Substation is installed and powered up. Cabling to the Primary Fan is completed.

- Access Drives to the two Starter Stopes are being cleaned, ready for the Production Rig to commence drilling the High-Grade Stopes.

- Decline 3 developed on the Mica Vein is fully dewatered, ready to be flatback mined for providing further gold feed to the Gravity Plant.

- Vertex aims to have developed at least 4 mining fronts and maintain continuous feed to the plant, which will involve various mining methods.

- Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. Refer to VTX ASX announcement 4th June 2025

Given the stope will take some time to extract, additionally, the Vertex Geology and Mining Team have brought forward a very high-grade long hole stope to commence mining in August 2025. The high-grade long hole stope isto be mined with a long hole stope method, using the Epiroc Production Rig.

*To view photographs, please visit:
https://abnnewswire.net/lnk/2U10401V

About Vertex Minerals Limited:

Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

Source:
Vertex Minerals Limited

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Prismo Metals Announces Closing of Oversubscribed Private Placement

(TheNewswire)

Vancouver, British Columbia, August 8th, 2025 TheNewswire Prismo Metals Inc. (" Prismo " or the " Company ") (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that further to its news releases dated July 3, 2025, July 18, 2025 and July 31, 2025, the Company has proceeded with an upsized closing of its previously announced non-brokered private placement (the "Private Placement" ) of units of the Company (" Units ") at an issue price of $0.06 per Unit (the " Third Closing "). The closing was increased from 6,000,000 Units to the issuance of 6,425,000 Units for gross proceeds of $385,500.

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Sample ID	Pb (%)	Zn (%)	Cu (%)	Ag (g/t)	Au (g/t)
HS-25-004	1.56	9.60	0.15	45.0	0.366
HS-25-003	0.46	1.66	0.22	38.4	0.513
HS-25-006	0.06	0.40	0.30	26.1	0.568
HS-25-005	0.30	0.85	0.11	19.0	0.238
HS-25-001	0.10	0.07	0.04	5.5	0.043

SAMPLE	UTME 27	UTMN 27	Au g/t	Ag g/t	Cu %	Pb ppm	Zn ppm	Description
646364	530509	5373461	0.217	21.3	2.17	120	89	Angular float >1m long, >30cm wide (perp. to foliation), to 20% Sx, 10% py, 5% cpy; poss bn and/or secondary chalcocite, tenorite; high strain; boud. quartz; in grey felsic volcanic
646365	530521	5373492	0.195	19.3	1.93	13	49	Semi buried angular float; like 646364, with thick folded qu-sx-vein, black-jack sphalerite horizon? high-strain; sulphides following strain layering
646366	530015	5373028	0.092	2	0.02	560	449	Outcrop; anastomosing ser-chl wisps through pyritic buff to very light grey felsic volcanic, typical of footwall zone?

Name	Metal	Location	Stage	Area in Hectares	Current Ownership Percentage	Future Ownership % if options exercised and/or residual interest	Operator or JV Partner
Raleigh Lake	Lithium Rubidium	Ontario	Dec 2023 : PEA for Li completed Apr 2023 Maiden Resource Estimates for Li and Rb	32,900	100%	100%	ILC
Firesteel	Copper Cobalt	Ontario	Aeromagnetics and Drilling started mid 2024	6,600	90%	90%	ILC
Wolf Ridge	Lithium	Ontario	Pre-Drilling	5,700	0%	100%	ILC
Mavis Lake	Lithium	Ontario	May 2023 Maiden Resource Estimate	2,600	0%	0% (carries an extra earn-in payment of AUD$ 0.75 million if resource targets met)	Critical Resources Ltd
Avalonia	Lithium	Ireland	Drilling	29,200	0%	0% 2.0% Net Smelter Royalty	GFL Intl Co Ltd (owned by Ganfeng Lithium Group Co.Ltd)
Forgan/ Lucky Lakes	Lithium	Ontario	Drilling		0%	0% 1.5% Net Smelter Royalty	Power Minerals Ltd

This announcement has been authorised for release by the Board of Directors of Cygnus.

David Southam	Ernest Mast	Media:
Executive Chair	President & Managing Director	Paul Armstrong
T: +61 8 6118 1627	T: +1 647 921 0501	Read Corporate
E: info@cygnusmetals.com	E: info@cygnusmetals.com	T: +61 8 9388 1474

HOLEID	X	Y	Z	Azi	Dip	Depth	From (m)	To (m)	Interval (m)	Cu (%)	Au (g/t)	Ag (g/t)	CuEq (%)
CB-25-123	554619	5510023	394.0	96.5	-60	574.0	559.0	560.8	1.8	6.3	0.9	45.9	7.4
CB-25-124	554619	5510023	394.0	92.0	-66	679.0	667.1	669.8	2.6	1.5	0.1	6.8	1.6
CB-25-125	554619	5510023	394.0	84.0	-64	643.5	594.0	598.5	4.5	3.4	0.4	22.1	3.9
CB-25-127	555071	5509889	402.8	90.0	-60	300.0	267.1	269.4	2.3	2.7	0.5	10.4	3.2

Deposit	Category	Tonnes (k)	Cu Grade (%)	Au Grade (g/t)	Cu Metal (kt)	Au Metal (koz)	CuEq Grade (%)
Corner Bay (2022)	Indicated	2,700	2.7	0.3	71	22	2.9
Corner Bay (2022)	Inferred	5,900	3.4	0.3	201	51	3.6
Devlin (2022)	Measured	120	2.7	0.3	3	1	2.9
	Indicated	660	2.1	0.2	14	4	2.3
	Measured & Indicated	780	2.2	0.2	17	5	2.4
	Inferred	480	1.8	0.2	9	3	2.0
Joe Mann (2022)	Inferred	610	0.2	6.8	1	133	5.5
Cedar Bay (2018)	Indicated	130	1.6	9.4	2	39	8.9
Cedar Bay (2018)	Inferred	230	2.1	8.3	5	61	8.5
Total	Measured & Indicated	3,600	2.5	0.6	90	66	3.0
Total	Inferred	7,200	3.0	1.1	216	248	3.8

Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.	All drilling conducted by Cygnus Metals at the Chibougamau Project was completed under the supervision of a registered professional geologist as a Qualified Person (QP) who is responsible and accountable for the planning, execution, and supervision of all exploration activity as well as the implementation of quality assurance programs and reporting. All Cygnus drilling reported is NQ size (47.8 mm diameter).
	Include reference to measures taken to ensure sample representativity and the appropriate calibration of any measurement tools or systems used.	All sample collection, core logging, and specific gravity determinations were completed by Cygnus Metals under the supervision of a professionally qualified registered geologist. NQ core was marked for splitting during logging and is sawn using a diamond core saw with a mounted jig to assure the core is cut lengthwise into equal halves. Half of the cut core is placed in clean individual plastic bags with the appropriate sample tag. QA/QC is done in-house by Cygnus Metals geologists with oversight from the Senior Geologist. The check samples (blanks and standards – 4% of total samples with another 2% of core duplicates taken on half split core) that were inserted into the sample batches are verified against their certified values and are deemed a pass if they are within 3 standard deviations of the certified value. The duplicates are evaluated against each other to determine mineralization distribution (nugget). If there are large discrepancies in the check samples, then the entire batch is requested to be re-assayed. The samples are then placed in bags for shipment to the offsite laboratory's facility. The remaining half of the core is retained and incorporated into Cygnus's secure, core library located on the property.
	Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard' work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.	Industry standard sampling practices were used with sample lengths ranging from 0.3 m to 1.0 m and respected geological contacts. Sample tags were placed at the beginning of each sample interval and the tag numbers were recorded in a centralised database. Sampling practice is considered to be appropriate to the geology and style of mineralisation.
Drilling techniques	Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).	Diamond core was drilled using surface diamond rigs with industry recognised contractors Miikan Drilling. Miikan is a joint venture between Chibougamau Diamond Drilling Ltd., the First Nations community of Ouje-Bougoumou and the First Nations community of Mistissini both located in the Eeyou Istchee territory. Drilling was conducted using NQ core size. Directional surveys have been taken at 50m intervals.
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	Diamond core recovery was measured for each run and calculated as a percentage of the drilled interval. Overall, the core recoveries are excellent in the Chibougamau area. As a result, no bias exists.
Logging	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.	All core was geologically and geotechnically logged. Lithology, veining, alteration and mineralisation are recorded in multiple tables of the drillhole database.
	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.	Geological logging of core is qualitative and descriptive in nature.
	The total length and percentage of the relevant intersections logged.	100% of the core has been logged.
Sub- sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled.	The NQ diameter the core was sawn in half following a sample cutting line determined by geologists during logging and submitted for analysis on nominal 1m intervals or defined by geological boundaries determined by the logging geologist. Each core sample is assigned a tag with a unique identifying number. Sample lengths are typically one metre but can be depending on zone mineralogy and boundaries. This sampling technique is industry standard and deemed appropriate. Sample sizes are considered appropriate to grain size of the materials being sampled.
Quality of assay data and laboratory tests	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.	Sample (NQ size half core) preparation and fire assay analysis were done at Bureau Veritas Commodities Canada Ltd ("BV") in Timmins, Ontario, and ICP-ES multi-elements analysis was done at BV in Vancouver, B.C. Samples were weighed, dried, crushed to 70% passing 2 mm, split to 250 g, and pulverized to 85% passing 75 µm. Samples are fire assayed for gold (Au) (50 g) and multi-acid digestion ICP-ES finish, for 23 elements (including key elements Ag, Cu, Mo). Samples with visible gold or likely to have gold grains are analysed with metallic screen fire assay. Samples assaying >10.0 g/t Au are re-analysed with a gravimetric finish using a 50 g charge. Samples assaying >10% Cu are re-analysed with a sodium peroxide fusion with ICP-ES analysis using a 0.25 g charge.
	For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.	None used.
	Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	At Bureau Veritas, laboratory QC procedures involve the use of internal certified reference material as assay standards, along with blanks, duplicates and replicates.
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel.	Verification of sampling was made by Cygnus Metals and other professional consultant geologists.
	The use of twinned holes.	No hole is twinned.
	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.	All logging data was completed, core marked up, logging and sampling data was entered directly into the database. The logged data is stored on the site server directly.
	Discuss any adjustment to assay data.	There was no adjustment to the assay data.
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.	The location of the drill holes and the aiming points for the orientation of the drill holes were indicated on the ground using identified stakes. The stakes marking the location of the drillholes were set up and located with a Garmin GPS model "GPSmap 62s" (4m accuracy). Surveys are collected using a Reflex EZ-Shot® single-shot electronic instrument with readings collected at intervals of approximately every 30 m downhole plus a reading at the bottom of the hole.
	Specification of the grid system used.	The grid system used is UTM NAD83 (Zone 18).
	Quality and adequacy of topographic control.	A Digital Terrane Model (DTM) has been used to accurately plot the vertical position of the holes, which is considered to provide an adequate level of topographic control.
Data spacing and distribution	Data spacing for reporting of Exploration Results.	The drill spacing for recent drilling is considered appropriate for this type of exploration.
	Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.	No resource estimation is made.
	Whether sample compositing has been applied.	No sample compositing has been applied.
Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.	Recent drilling is orientated approximately at right angles to the currently interpreted strike of the known interpreted mineralisation.
Orientation of data in relation to geological structure	If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	No bias is considered to have been introduced by the existing sampling orientation.
Sample security	The measures taken to ensure sample security.	Core was placed in wooden core boxes close to the drill rig by the drilling contractor. The core was collected daily by the drilling contractor and delivered to the secure core logging facility. Access to the core logging facility is limited to Cygnus employees or designates.
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	No audits or reviews of sampling techniques or data have been undertaken, therefore information on audits or reviews is not yet available.

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