Group Eleven Resources (TSXV:ZNG)

Group Eleven Announces $2.2 Million in Early Warrant and Option Exercises and Provides Update on Carrickittle West 'Pallas Green Lookalike' Target

Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce funding from early warrant and option exercise and provide an update on the Company's Carrickittle West prospect, spanning 77.64%-owned Stonepark Project ("Stonepark") and 100%-owned PG West Project ("PG West"), Republic of Ireland. Drilling continues with three rigs at the Ballywire discovery ("Ballywire") at PG West.

Highlights:

  • Early warrant and option exercises totalling proceeds of $2,206,752 received since C$2.5 mln placement closed Feb-28-2025 (including $1,852,902 since publication of Q1 2025 financials)
  • Extra proceeds provide flexibility to ramp-up 2025 drilling and/or extend drilling well into 2026
  • At Carrickittle West, four holes were completed late 2024 and early 2025 (three holes located at Stonepark and one hole located at PG West)
  • Most significant target to emerge from this drilling is the Kilteely Prospect (large breccia body spanning at least 1.5km in strike)
    • G11-2840-30 (365m step-out) intersected numerous zones of weak breccia with pyrite over narrow intervals throughout the Waulsortian Limestone; some breccias returned anomalous Zn-Pb and Cu levels, with the base of the Waulsortian Limestone (key target horizon) hosting minor disseminated pyrite and trace sphalerite
    • Several occurrences of trace sphalerite are present in the hole, potentially suggesting increasing proximity to stronger mineralization relative to previous drilling at Kilteely
  • Three other target areas have also emerged at Carrickittle West, including the Bruff Prospect
    • G11-449-03 (315m step-out), targeting part of the >50km long Coonagh Castle Fault, intersected extensively dolomitized Waulsortian Limestone and a very prominent zone of calcite extending over 35m (from 294m), similar to Ballywire
    • Base of Waulsortian is highly dolomitized over a 25m interval with similarities to 'fault dolomite' observed at Ballywire, which indicates intense hydrothermal fluid flow and close proximity to a major fault; follow-up drilling is highly warranted

"Carrickittle West continues to be one the best drill targets in Ireland," stated Bart Jaworski, CEO. "Being within only a few kilometres of 45 and 5 million tonnes of mineralization from Glencore's Pallas Green1 and our Stonepark2 deposits, respectively, this prospect has a real chance at hosting the southern half 'mirror-image' of the mineralizing system operating at the northern side of the Limerick Volcanic Complex. Today's drill results demonstrate the presence of key attributes – brecciation, faulting, hydrothermal fluids and significant pyrite. The fact we're also starting to pick up sphalerite locally in some of the drilling suggests we may be getting close to the high-grade. We look forward to follow-up drilling. Meanwhile, three rigs are turning at our Ballywire discovery and we anticipate the next drill results over the coming few weeks."

Ballywire Drill Update

Drilling at Ballywire continues with three rigs. Currently, nine (9) new holes are completed (and in the process of being logged, sampled and assayed). Seven of these holes are shown in Exhibit 1, with two other holes near gravity-high anomaly 'D' (located 1.3km to the ENE). Additional funding described above, nearly equal to Group Eleven's most recent private placement, increases the Company's cash to approx. C$4.3 mln (as at 13-Jun-2025). This strengthened financial position provides Group Eleven flexibility to either ramp-up drilling in 2025 and/or extend its runway for drilling well into 2026.

Exhibit 1. Plan Drill Hole Map of Ballywire Discovery, Showing New Drilling In Progress

New Step-Out Holes at Carrickittle West Target Area

The Carrickittle West target area spans the Company's 77.64%-owned Stonepark Project and 100%-owned PG West Project. In addition to holes G11-2840-30 and G11-449-03 summarized above (and shown in Exhibits 2-4), the following is a summary of the remaining two holes drilled (see Exhibit 2).

  • G11-450-04 (570m step-out from previous drilling in area)
    • Planned to test the hanging wall (north side) of the Kilteely Fault but intersected the footwall (south side) instead
    • The base of the Waulsortian Limestone comprises a fine-grained dolomite, similar to Ballywire, with a series of breccias similar to black matrix breccia ("BMB", host alteration to Zn-Pb mineralization at Lisheen, Galmoy, Silvermines and Pallas Green)
    • Pyrite is extensive in breccias with anomalous levels of base metals
    • Colloform semi-massive pyrite is present from 265.27m to 265.73m and at 267.5m
    • Future drilling will target base of Waulsortian on the hanging wall of the Kilteely Fault
  • G11-2531-02 (710m step-out from previous drilling in area)
    • Planned to test the hanging wall of Coonagh Castle Fault, but intersected the footwall instead
    • Waulsortian is dolomitized throughout and contains extensive zones of pyritic brecciation at the top and base of the Waulsortian Limestone
    • Breccias have vague similarity to Stonepark-style BMB

A follow up drill program is being designed, with one hole planned at Stonepark later this year and the remainder of holes to be drilled in 2026.

Exhibit 2. Plan View of New Drilling at Carrickittle West Target Area

Note: Carrickittle West target area (including the Kilteely and Bruff prospects) is located along the south side of the Limerick Volcanic Complex; 'Fault (Removed)' denotes previously inferred fault removed from new interpretation; 'Fault (Added)' denotes newly inferred fault

Exhibit 3. Plan View of Kilteely Prospect Showing New and Historic Drilling

Note: '?' = areas of prospectivity; Red dot = hole with sphalerite but no galena or massive pyrite; Orange dot = hole without sphalerite or galena but with massive or semi-massive pyrite; Yellow dot = hole with trace-minor pyrite; 'M.Py' = massive or semi-massive pyrite; 'Ox.' = intense oxidation; drilling at Carrickittle's Zn-Pb mineralized zones not shown

Exhibit 4. Cross-Section of the Bruff Prospect

Note: 'Future Hole?" denotes one of several possible hole locations which may be drilled in the area; 'brxx' = breccia

Exhibit 5. Regional Map of Ballywire Discovery and Carrickittle West Target Area

Notes to Exhibit 5: (a) Pallas Green MRE is owned by Glencore (see Glencore's Resources and Reserves Report dated December 31, 2024); (b) Stonepark MRE: see the 'NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland', by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR+; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in 'Report on Prospecting Licence 464' by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in 'The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody' by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in 'Report on Mallow Property' by David Wilbur, dated December 1973; and later summarized in 'Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork' by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. 'Rathdowney Trend' is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.

Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent 'Qualified Person' as defined under Canadian National Instrument 43-101.

Sampling and Analytical Procedures

All core drilled at Carrickittle West is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.32m to 1.4m with the majority of samples in the 0.80m to 1.00m range. The half-core samples are bagged, labelled and sealed at Group Eleven's core store facility in Limerick, Ireland. Selected sample bags are examined by the Qualified Person. Transport is via an accredited courier service and/or by Group Eleven staff to ALS Laboratories in Loughrea Co. Galway, Ireland. Sample preparation at the ALS facility comprises fine crushing 70% < 2mm, riffle splitter, pulverise up to 250g 85% < 75um. Analytical procedures are 34 element four acid ICP-AES (codes ME-ICP61 and ME-OG62). Other than paying for a professional analytical service, Group Eleven has no relationship with ALS.

Quality Assurance/Quality Control (QA/QC) Information

Group Eleven inserts certified reference materials ("CRMs" or "Standards") as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony. Key intercepts to date include:

  • 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
  • 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
  • 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
  • 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
  • 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
  • 11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
  • 15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)
  • 12.0m of 1.4% Zn+Pb, 560 g/t Ag, 2.30% Cu and 0.17% Sb (25-3552-31), including
  • 6.4m of 2.1% Zn+Pb, 838 g/t Ag, 3.72% Cu and 0.27% Sb (25-3552-31)

Ballywire is located 20km from Company's 77.64%-owned Stonepark zinc-lead deposit2, which itself is located adjacent to Glencore's Pallas Green zinc-lead deposit1. The Company's two largest shareholders are Glencore Canada Corp. (16.1% interest) and Michael Gentile (16.0%). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS,
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

Technical and scientific information disclosed from neighbouring properties does not necessarily apply to the current project or property being disclosed. This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company's public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

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High-grade zinc-lead-silver and germanium discovery in Ireland, with substantial copper potential

Group Eleven Drills 6.5m of 217 g/t Ag and 0.34% Cu; and 2.6m of 19 g/t Ag, 1.07% Cu and 0.14% Sb, Confirming Deeper Cu-Ag  Mineralization at Ballywire

Group Eleven Drills 6.5m of 217 g/t Ag and 0.34% Cu; and 2.6m of 19 g/t Ag, 1.07% Cu and 0.14% Sb, Confirming Deeper Cu-Ag Mineralization at Ballywire

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce results from its first hole testing the 'Deeper Cu-Ag Target' at its Ballywire discovery ("Ballywire") at the 100%-owned PG West Project ("PG West"), Republic of Ireland.

Highlights:

  • 25-3552-40 (filling a 160m gap in previous drilling, while testing the discovery horizon at the base of the Waulsortian Limestone and 250m below it) intersected intermittent mineralization over 240m, including:
    • Cu-Ag Intercept (hosted within the base of the Waulsortian Limestone)
    • 11.4m of 139 g/t Ag and 0.23% Cu (starting from 340.0m downhole), including
    • 6.5m of 217 g/t Ag and 0.34% Cu, including
    • 0.7m of 654 g/t Ag and 0.96% Cu and
    • 0.7m of 1,165 g/t Ag and 1.89% Cu
    • Cu-Ag Intercepts (at the 'Deeper Cu-Ag Target,' below the Waulsortian Limestone)
    • 2.8m of 26 g/t Ag and 0.39% Cu, (from 441.3m downhole), including
    • 1.8m of 34 g/t Ag and 0.53% Cu, including
    • 0.2m (17cm) of 148 g/t Ag and 2.59% Cu, and
    • 17.9m of 10 g/t Ag and 0.37% Cu, (from 516.9m downhole), including
    • 4.7m of 13 g/t Ag, 0.71% Cu and 0.09% Sb, including
    • 2.6m of 19 g/t Ag, 1.07% Cu and 0.14% Sb
  • Results confirm presence of Cu-Ag (Sb) mineralization in the 'Deeper Cu-Ag Target' below the base of the Waulsortian Limestone, in line with Group Eleven's exploration model
  • Two follow-up holes, to the NNW and SSE of the above hole, respectively, are underway
  • Cu-Ag (and locally Sb) mineralization consists of chalcopyrite and suspected tennantite-tetrahedrite occurring as disseminated mineralization and/or within calcite veins; mineralization appears to be related to a south-dipping fault zone (pierced by today's drill hole) which is associated with Zn-Pb-Ag mineralization stratigraphically higher up (at the base of the Waulsortian Limestone)

"This is the first test of our hypothesized 'Deeper Cu-Ag Target' and we are thrilled that it has borne fruit," stated Bart Jaworski, CEO. "With a viable new Cu-Ag target below our existing Zn-Pb-Ag horizon, our exploration potential has essentially doubled. We are gearing up to expand on this deeper discovery not only up and down dip, but also along our 2.6km-long strike-length of robust zinc mineralization pierced by drilling to date. As per our nearby geological analogues at Gortdrum, Denison and Tullacondra, fault-controlled Cu-Ag mineralization tends to strengthen with increased shattering along the structure. Further drilling at the 'Deeper Cu-Ag Target' will aim to identify these features. With three rigs turning each on excellent targets at Ballywire, a fourth rig likely to be added soon and a recently bolstered cash position, Group Eleven is poised to keep generating shareholder value through the drill bit for the foreseeable future."

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Exhibit 1. Cross Section of Deeper Cu-Ag Target Showing Hole 25-3552-40

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/267324_groupelevenexhibit1.jpg

Note: *Fence of holes G11-3552-25 to -31 is projected 60m onto the section plane; true thickness of intervals in 25-3552-40 as a percentage of down-hole interval, is estimated to be 80-100% (taking into account variability of vein orientations).

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Exhibit 2. Plan Map of Ballywire Discovery Showing New Drilling and Location of Above Section

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/267324_groupelevenexhibit2.jpg

Note: Hole 25-3552-38 returned trace sphalerite and galena over approx. 12m, near the base of the Waulsortian Limestone

Ballywire Drill Update

The Ballywire prospect at the Company's 100%-owned PG West Project in Republic of Ireland, represents the most significant mineral discovery in Ireland in over a decade. First announced in Sept-2022, the discovery has 59 holes drilled and reported by Group Eleven to date, including the most recent three holes (25-3552-38, -40 and -41) reported today (see Exhibits 1 to 4). Drilling to date at Ballywire has pierced robust mineralization over a 2.6km strike-length, along a prospective trend of over 6km (defined by four regional gravity-high anomalies, only one of which has been systematically drill tested to date; see Exhibit 4).

Today's results from hole 25-3552-40 confirm that Cu-Ag mineralization exists below the base of the Waulsortian Limestone, in line with Group Eleven's 'Deeper Cu-Ag Target' exploration model. Assay results are summarized in Exhibit 3. In addition to the description above, it is noteworthy that at least one large (19cm wide) tennantite-tetrahedrite-bearing calcite vein is bedding parallel, whereas other similar but narrower veins tend to be more irregular in orientation.

Two additional holes have been released today. Holes 25-3552-38 and -41, drilled 1.3km to the NE, near gravity-high anomaly 'D' (see Exhibits 2 and 4), also returned significant results.

Hole 25-3552-41 intersected what is interpreted as oxidized massive sulphide mineralization within a fault zone. Despite being highly weathered, the interval returned highly anomalous metal concentrations: (i) 7.9m of 0.74% Zn+Pb (0.57% Zn and 0.17% Pb) and 7.4 g/t Ag (starting at 229.5m downhole), including 0.9m of 2.87% Zn+Pb (2.43% Zn and 0.44% Pb) and 35.9 g/t Ag; and (ii) 12.0m of 0.13% Zn+Pb (0.06% Zn and 0.07% Pb) and 3.3 g/t Ag (starting at 258.2m downhole), including 1.1m of 0.55% Zn+Pb (0.21% Zn and 0.34% Pb) and 18.6 g/t Ag. These intervals (7.9m and 12.0m) contained weathered-out cavities totalling 19% and 40% of their respective downhole lengths (assumed 'nil' grade in the above weighted-average calculations). It is possible that these cavities represent evidence of preferential weathering due to original high levels of mineralization (e.g. massive sulphide). Hole 25-3552-38 returned trace sphalerite and galena (from approx. 231-244m downhole) near the base of the Waulsortian Limestone, also suggesting proximity to higher-grade mineralization.

Follow up drilling will resume at this locality once drill permits are received for the adjacent area, allowing more flexibility to systematically test the entire 'Anomaly D' target. This is the Company's first test of this target area and given the above results, exploration potential has been confirmed. Today's results, combined with: (a) mineralized historic hole 99-3352-5, (b) two shallow historic holes with abundant calcite (similar to calcite bodies associated with the massive sulphide at the discovery trend) and (c) the presence of the 'D' gravity anomaly itself (see Exhibit 4), add significantly to the prospectivity of this target.

Overall, three rigs are currently drilling at Ballywire, with a fourth rig expected soon. One rig continues to drill a fence of holes collared 200m east of hole G11-3552-08 (see Exhibit 2), testing for the easterly continuation of the mineralized trend. The second and third rigs are drilling along the section of holes containing G11-468-01 and 00-468-5 (see Exhibit 2) to test for a SW continuation of high-grade mineralization towards gravity-high anomaly 'B'. Depending on results, the next fence of drilling testing the 'Deeper Cu-Ag Target' may be from this section. The fourth rig is likely to be geared towards reconnaissance drilling further outboard of the current mineralized corridor.

Currently, twelve (12) new holes are completed or nearly completed (and in the process of being logged, sampled and assayed) as shown in Exhibit 2 (specifically, two holes near 25-3552-40; three holes near hole G11-3552-19; four holes collared approx. 200m NNW of G11-3552-08; and three holes on the drill fence hosting G11-468-01).

Exhibit 3. Summary of Assays from 25-3552-40 at Ballywire

Item From 
(m)
To 
(m)
Int 
(m)
Zn 
(%)
Pb 
(%)
Zn+Pb 
(%)
Ag 
(g/t)
Cu
(%)
Sb
(%)
25-3552-40 311.91 358.83 46.92 0.33 0.11 0.44 35.7 0.06 -
Incl. 339.96 351.35 11.39 0.66 0.22 0.88 138.8 0.23 0.02
Incl. 339.96 346.43 6.47 0.73 0.22 0.94 217.4 0.34 0.03
Incl. 339.96 340.66 0.70 2.64 0.27 2.91 654.0 0.96 0.09
Incl. 345.78 346.43 0.65 0.90 0.36 1.26 1,165.0 1.89 0.15
And 441.28 444.05 2.77 0.03 0.00 0.03 25.8 0.39 0.03
Incl. 442.23 444.05 1.82 0.04 0.00 0.04 33.9 0.53 0.04
Incl. 442.85 443.02 0.17 0.15 0.00 0.16 148.0 2.59 0.16
And 453.55 453.88 0.33 0.00 0.01 0.01 16.8 0.33 0.01
And 493.25 494.23 0.98 0.05 0.00 0.06 15.3 0.69 0.08
And 508.31 511.18 2.87 0.03 0.01 0.04 7.7 0.35 0.05
Incl. 510.18 511.18 1.00 0.05 0.00 0.05 13.6 0.69 0.09
And 516.89 534.81 17.92 0.03 0.00 0.03 10.0 0.37 0.05
Incl. 516.89 526.34 9.45 0.04 0.00 0.04 9.4 0.49 0.06
Incl. 521.62 526.34 4.72 0.05 0.00 0.06 12.7 0.71 0.09
Incl. 521.62 524.17 2.55 0.08 0.00 0.08 19.2 1.07 0.14
Incl. 523.98 524.17 0.19 0.32 0.00 0.32 72.2 4.36 0.47
And 531.40 533.85 2.45 0.02 0.00 0.02 24.0 0.28 0.04
And 546.82 552.31 5.49 0.01 0.01 0.02 8.0 0.12 0.01

 

Note: True thickness of the mineralized interval in holes 25-3552-40 as a percentage of the down-hole interval, is estimated to be 80-100% (taking into account variability of vein orientations)

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Exhibit 4. Regional Gravity Map Showing 6km Long Prospective Trend at Ballywire

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Exhibit 5. Regional Map of Ballywire Discovery and Surrounding Prospects

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Notes to Exhibit 5: (a) Pallas Green MRE is owned by Glencore (see Glencore's Resources and Reserves Report dated December 31, 2024); (b) Stonepark MRE: see the 'NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland', by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in 'Report on Prospecting Licence 464' by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in 'The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody' by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in 'Report on Mallow Property' by David Wilbur, dated December 1973; and later summarized in 'Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork' by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. 'Rathdowney Trend' is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.

Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent 'Qualified Person' as defined under Canadian National Instrument 43-101.

Sampling and Analytical Procedures

All core drilled at Ballywire is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.17m to 1.41m with an average (over 243 samples) of 0.93m. The half-core samples are bagged, labelled and sealed at Group Eleven's core store facility in Limerick, Ireland. Selected sample bags are examined by the Qualified Person. Transport is via an accredited courier service and/or by Group Eleven staff to ALS Laboratories in Loughrea Co. Galway, Ireland. Sample preparation at the ALS facility comprises fine crushing 70%

Quality Assurance/Quality Control (QA/QC) Information

Group Eleven inserts certified reference materials ("CRMs" or "Standards") as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) and (FSE: 3GE) is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony. Key intercepts to date include:

  • 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
  • 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
  • 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
  • 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
  • 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
  • 11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
  • 15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)
  • 12.0m of 1.4% Zn+Pb, 560 g/t Ag, 2.30% Cu and 0.17% Sb (25-3552-31), including
  • 6.4m of 2.1% Zn+Pb, 838 g/t Ag, 3.72% Cu and 0.27% Sb (25-3552-31)
  • 39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu (25-3552-35)

Ballywire is located 20km from Company's 77.64%-owned Stonepark zinc-lead deposit1, which itself is located adjacent to Glencore's Pallas Green zinc-lead deposit2. The Company's two largest shareholders are Michael Gentile (14.2%) and Glencore Canada Corp. (14.1% interest). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.lau@groupelevenresources.com | T: 604-781-4915

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

Technical and scientific information disclosed from neighbouring properties does not necessarily apply to the current project or property being disclosed. This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company's public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

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Group Eleven Drills 6.2m of 312 g/t Ag and 0.95% Cu, incl. 2.8m of 549 g/t Ag and 1.77% Cu in a 90m Step-Out, Further Supporting Deeper Cu-Ag Target at Ballywire

Group Eleven Drills 6.2m of 312 g/t Ag and 0.95% Cu, incl. 2.8m of 549 g/t Ag and 1.77% Cu in a 90m Step-Out, Further Supporting Deeper Cu-Ag Target at Ballywire

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce the latest three step-out drill holes from the discovery horizon at its Ballywire discovery ("Ballywire") at the 100%-owned PG West Project ("PG West"), Republic of Ireland. Drilling at Ballywire's deeper, Cu-Ag target (100-200m below discovery horizon) is in progress (to be reported as soon as possible).

Highlights:

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Group Eleven Closes C$5.75M Bought Deal Private Placement, Including Full Exercise of C$750,000 Underwriters' Option

Group Eleven Closes C$5.75M Bought Deal Private Placement, Including Full Exercise of C$750,000 Underwriters' Option

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FSE: 3GE) (the "Company") is pleased to announce the closing of its previously-announced "bought deal" private placement for aggregate gross proceeds of C$5,750,000 (the "Offering") through the issuance of 17,968,750 common shares of the Company (the "Common Shares") at a price of C$0.32 per Common Share. The Offering was completed pursuant to an underwriting agreement between the Company, and Cormark Securities Inc. and Beacon Securities Limited (together, the "Underwriters") and included the full exercise of the Underwriters' option.

The Company intends to use the net proceeds from the Offering to expand the remaining funded exploration drill program at Ballywire from approximately 5,000m to approximately 25,000m, and for working capital and general corporate purposes.

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Group Eleven Provides Results of Annual General Meeting

Group Eleven Provides Results of Annual General Meeting

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce that all resolutions were passed by the requisite majority at its annual general meeting held in Vancouver, British Columbia on July 30, 2025.

Annual General Meeting Results

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Group Eleven Announces C$5M Bought Deal Private Placement

Group Eleven Announces C$5M Bought Deal Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES . NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES /

Group Eleven Resources Corp. (TSXV: ZNG,OTC:GRLVF) (OTCQB: GRLVF) (FRA: 3GE) (" Group Eleven " or the " Company ") is pleased to announce that it has entered into an agreement with Cormark Securities Inc., as lead underwriter, on behalf of a syndicate of underwriters (collectively, the " Underwriters ") in connection with a "bought deal" private placement for aggregate gross proceeds of C$5 million (the " Offering ").

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Rolls of steel in a warehouse.

Zinc Stocks: 4 Biggest Canadian Companies in 2025

The price of zinc was on the rise in 2024, but this year has been a different story. The metal's value has trended down for most of 2025 on the back of increased supply and weakening demand.

Many base metals have taken hit from lagging demand in recent years due to sticky inflation and higher interest rates, and zinc is no exception. Zinc supply has also faced pressure from higher mining and refining costs, causing some major zinc mines and smelters to suspend operations, with more possible if the current economic situation continues.

With its important role in the steel manufacturing process, the zinc market is heavily influenced by international trade. One area of support in the last few months has been turmoil caused by the US-China trade war and tariff threats .

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Futuristic mountain landscape with large "Zn" coin centerpiece.

Zinc Price Update: H1 2025 in Review

The zinc price declined for much of H1 as primary supply increased and construction sector demand slumped.

Primarily used to make galvanized steel destined for construction and manufacturing sectors, the zinc market has come under fire in recent years as inflation and interest rates have taken their toll.

The metal performed relatively well in 2024 as weak supply was offset by soft demand. However, as 2025 began, new threats to its performance emerged as the US began to look to tariffs to correct perceived trade imbalances.

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More Drilling on Globex's Battery Hill Manganese Royalty Property

More Drilling on Globex's Battery Hill Manganese Royalty Property

GLOBEX MINING ENTERPRISES INC. (GMX Toronto Stock Exchange, G1MN Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exch anges and GLBXF OTCQX International in the US) is pleased to update shareholders as regards drill results reported by Manganese X Energy Corp. (MN-TSXV, 9SC-FSE, MNXXF-OTCQB) on Globex's 1% Gross Metal Royalty, Battery Hill manganese property in New Brunswick. Globex also is a very large shareholder in Electric Royalties (ELEC-TSXV) that holds a 2% Gross Metal Royalty as the property. Manganese X has reported 12 new drill holes totalling 1,393 metres in the Moody Hill and Sharpe Farm sectors of the property which are in addition to the 93 previous drill holes. Intersections up to 72.6 metres (238 feet) are reported.

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Industrial vehicles moving ore at a mine site. Text reads "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: GPM Metals Leads With 37 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released its preliminary estimates for the 2024 annual mineral production survey on Wednesday (February 26).

The report showed that the US was the top trading partner for metal ores and non-metallic minerals over the last year. Canada’s resource sector shipped C$6.4 billion worth of commodities to the US in 2024. Meanwhile, imports into Canada totaled C$4.3 billion.

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Nuvau Minerals President and CEO Peter Van Alphen

Nuvau Minerals Targets Matagami Mine Restart in Québec

Following its successful initial public offering on the TSX Venture Exchange and its acquisition of the Matagami property from Glencore (LSE:GLEN,OTC Pink:GLCNF), Nuvau Minerals (TSXV:NMC) is embarking on an aggressive exploration strategy in 2025, including an intensified drilling campaign to expand known resources at Matagami.

In an interview at the Vancouver Resource Investment Conference, Nuvau’s president and CEO, Peter van Alphen, highlighted the strategic importance of the acquisition, describing the project’s “incredible exploration opportunities.”

“(Matagami) is a very large land package with multiple targets already identified — we've made two discoveries so far … We've got the infrastructure from the past-producing mine processing facility, it’s a permitted mine," he said.

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