Group Eleven Highlights Elevated Germanium Grades from Recent Drilling at Ballywire; Provides Drill Update

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce the latest germanium assays from recent drilling at the Company's 100%-owned Ballywire zinc-lead-silver discovery ("Ballywire"), PG West Project ("PG West"), Republic of Ireland.

New Germanium Assays

Germanium (Ge) grades including 71.7 g/t, 41.2 g/t and 27.8 g/t returned from five (5) holes in northeastern portion of Ballywire discovery (Ge price is approx. US$75/oz or US$2.40/gram¹)
Elevated Ge is now demonstrated over a strike length of 1.25km (from 890m previously)
Highest Ge grades correlate well with the highest Zn grades (suggesting Ge occurs with sphalerite)
Ge analyses over the other mineralized areas are ongoing, to be released periodically

Drill Update

After the Christmas break, drilling at Ballywire reconvened on January 6^th with two drill rigs
In 2024, the Company drilled over 8,100m at Ballywire compared to 4,800m and 1,950m in 2023 and 2022, respectively
In total, over 16,100m have been drilled at Ballywire by Group Eleven to the end of 2024, including six (6) holes (totalling over 1,520m) expected to be released as assays become available
At the Carrickittle West prospect, spanning the Stonepark and PG West Projects, drilling has been completed according to plan with results expected mid-late Q1 2025

"We are excited to start our third consecutive year of intensive exploration at Ballywire. Last year was transformative for us given the exceptional drill results attained, both in terms of grades and widths, as well as shallowing depths of high-grade massive sulphide horizons. The continuation of elevated germanium along the entire main trend of our discovery to date is also highly encouraging. Germanium is approx. 2.5x more valuable than silver and is a key metal for the highly competitive AI semiconductor industry.

With 42 holes drilled and announced, plus robust mineralization pierced over a 2.6km long trend, we have a strong foundation from which to build further shareholder value at Ballywire in 2025. With two rigs turning for the foreseeable future, the key drill targets for Ballywire include the remainder of our 6km prospective trend, hypothesized mineralization parallel to the discovery trend and a deeper horizon highly prospective for copper and silver."

Ongoing Drilling at Ballywire Discovery

The Ballywire prospect at the Company's 100%-owned PG West Project in the Republic of Ireland, is a new zinc-lead-silver discovery (first announced Sept-2022). To date, 42 holes (totalling 14,549m) have been drilled and reported by Group Eleven.

Exhibit 1. Plan Map Showing New and Previously Released Germanium Assays at Ballywire

Note: Ge assays above denote the highest single Ge assay within each hole (see full assays in Exhibits 4 and 5 and Appendices); 'Other Mineralization' and 'Massive Sulphide Zone' denote robust Zn-Pb-Ag mineralization

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Exhibit 2. Drill Hole Plan Map Showing Mineralized Intercepts and Pending Drill Holes

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In total, over 16,100m have been drilled at Ballywire by Group Eleven to the end of 2024, including six (6) holes (totalling over 1,520m) located in the northeastern portion of the discovery area (see G11-3552-24 to -29 in Exhibit 2). Results from these holes are expected to be released as assays become available. Exhibit 2 shows drilling to date across 1.25km of the overall 2.6km long trend (see Exhibit 1) of significantly mineralized drill intercepts (open in all directions).

Germanium Analyses

To attain accurate germanium (Ge) assays, the Company engages with ALS Global (Loughrea, Co. Galway, Ireland) to re-analyse previous sample pulps using an assay technique specifically suited for germanium, gallium and indium detection (lithium borate fusion). The process of re-analysing intervals which are well mineralized with zinc and lead is well advanced, however, still incomplete. Further Ge analyses are ongoing and will continue to be released periodically.

Given re-sampling is focussed only on the highest-grade mineralized intervals, coverage is often non-continuous and hence difficult to compare between drill holes. Therefore, the approach taken in Exhibit 1 focusses on the highest grading single Ge sample from each hole as a preliminary illustration of the Ge distribution across the Ballywire discovery trend.

Background Information on Germanium

Due to its application in high-tech industries and its scarcity on the Earth's crust, the element germanium (Ge) has been on the European Union List of Critical Raw Materials since 2010. Other countries that designate Ge as a critical element include US, China, Australia and Canada. The American Physical Society categorizes Ge as one of the 'Energy Critical Elements'. China produces 60-80% of global supply of Ge and as of 2019, "no trade agreements existed between China and EU regarding germanium trade," according to the European Commission. The primary use of germanium is in fibre optics and high-end solar panel technologies, and increasingly, in high-end (AI capable) semiconductors (computer chips).

Ge currently trades at approximately US$75/oz (US$2.40/gram), or about 2.5 times the price of silver (US$30/oz). Germanium prices are sourced from Trading Economics and converted from Chinese Yuan per kilogram (see Exhibit 3).

Exhibit 3. Seven Year Chart of Germanium Prices (CNY/kg)

Source: Trading Economics

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Globally, Ge does not occur as primary deposits, instead occurs only as a by-product in some zinc or coal deposits. According to the USGS², the most significant carbonate-hosted zinc-lead-copper deposit that contains notable amounts of germanium is the Kipushi deposit in the Democratic Republic of Congo. USGS states that Kipushi contains an average grade of 68 g/t Ge. This is in line with Ivanhoe's recent announcement on Kipushi noting its Mineral Resource Estimate (Measured & Indicated; dated June 14, 2018) hosting 11.8mt of 35.3% Zn, 0.80% Cu, 1.1% Pb, 23 g/t Ag, 13 g/t Co and 64 g/t Ge (see Ivanhoe Mines news release dated Feb 14, 2022). Similarly, the Ballywire results above rank as some of the highest grades of Ge within zinc deposits in Ireland.

Exhibit 4. New Germanium Assays from G11-3552-12

From (m)	To (m)	Int (m)	Zn %	Pb %	Zn+Pb %	Ag g/t	Ge g/t
G11-3552-12
283.44	284.26	0.82	4.39	0.99	5.38	13.9	14.2
284.26	285.16	0.90	13.15	2.22	15.37	33.8	27.8
285.16	285.30	0.14	0.37	1.46	1.82	16.0	NYA
285.30	285.90	0.60	7.09	2.25	9.34	25.6	15.4
285.90	286.27	0.37	4.42	5.13	9.55	22.6	11.8
293.44	293.80	0.36	5.94	17.70	23.64	68.8	4.9
293.80	294.12	0.32	1.29	8.89	10.18	37.3	1.1
294.12	294.78	0.66	3.18	38.30	41.48	127.0	1.9
294.78	295.66	0.88	1.96	19.80	21.76	70.6	1.2
295.66	296.34	0.68	3.68	17.45	21.13	77.4	2.7
296.34	297.25	0.91	2.55	18.90	21.45	66.3	2.7
297.25	298.21	0.96	2.50	29.70	32.20	96.2	2.2
298.21	298.55	0.34	13.05	3.17	16.22	63.4	13.1
298.55	299.08	0.53	1.98	0.80	2.78	10.8	3.0
299.08	299.34	0.26	14.25	10.85	25.10	70.1	9.2
299.34	299.63	0.29	2.30	0.77	3.07	8.0	3.4
299.63	300.07	0.44	21.80	4.65	26.45	88.3	19.9
300.07	301.12	1.05	0.57	0.22	0.79	8.2	1.2
301.12	302.24	1.12	3.45	2.19	5.64	84.4	3.3
302.24	303.10	0.86	10.20	11.15	21.35	353.0	5.5
303.10	303.93	0.83	17.10	7.15	24.25	319.0	15.3
306.77	307.26	0.49	7.94	4.32	12.26	172.0	7.3
308.19	308.66	0.47	4.18	3.79	7.97	571.0	3.3
283.44	286.27	2.83	7.55	2.21	9.77	24.0	17.8
298.21	303.93	5.72	8.20	4.33	12.53	132.5	7.1
298.21	300.07	1.86	10.46	3.54	14.00	46.6	9.8
Note: continuous intervals shown as shaded meterage; 'NYA' means not yet assayed, assumed nil; all other data (Zn, Pb, Ag) previously announced

Exhibit 5. New Germanium Assays from G11-3552-16, -17, -18 and -19

From (m)	To (m)	Int (m)	Zn %	Pb %	Zn+Pb %	Ag g/t	Ge g/t
G11-3552-16
255.52	256.16	0.64	28.00	5.96	33.96	106.0	22.9

G11-3552-17
144.46	145.04	0.58	23.70	4.70	28.40	209.0	15.2
150.15	150.39	0.24	19.55	5.09	24.64	257.0	71.7
151.85	152.81	0.96	27.10	2.49	29.59	326.0	25.5
167.78	168.11	0.33	28.90	5.40	34.30	147.0	66.1
210.02	210.44	0.42	14.15	0.12	14.27	35.5	21.4
210.44	211.38	0.94	14.35	0.12	14.47	25.5	8.4
211.38	212.33	0.95	11.90	0.06	11.96	28.9	NYA
212.33	213.31	0.98	19.40	2.88	22.28	33.5	34.1
210.02	213.31	3.29	15.12	0.92	16.05	30.1	15.3

G11-3552-18
255.59	255.82	0.23	18.55	8.59	27.14	48.1	41.2
257.50	258.56	1.06	17.85	18.25	36.10	218.0	17.5
258.84	259.26	0.42	19.25	14.00	33.25	188.0	22.7
263.22	263.45	0.23	27.10	5.23	32.33	110.0	38.9

G11-3552-19
199.69	200.40	0.71	13.95	1.65	15.60	31.6	25.3
200.40	201.15	0.75	5.32	0.14	5.46	26.0	4.9
201.15	201.73	0.58	5.35	0.31	5.66	18.6	12.0
201.73	202.55	0.82	20.50	0.53	21.03	60.4	25.1
202.55	203.46	0.91	21.00	6.32	27.32	62.1	14.2
203.46	204.38	0.92	20.70	11.75	32.45	83.1	14.2
204.38	205.33	0.95	19.35	7.31	26.66	91.9	12.8
205.33	206.23	0.90	29.60	7.77	37.37	95.7	12.2
206.23	206.90	0.67	32.20	2.59	34.79	80.1	22.1
206.90	207.72	0.82	16.05	7.19	23.24	121.0	19.6
207.72	208.38	0.66	17.45	6.22	23.67	269.0	6.0
199.69	208.38	8.69	18.78	5.08	23.86	85.0	15.3
Note: continuous intervals shown as shaded meterage; 'NYA' means not yet assayed, assumed nil; all other data (Zn, Pb, Ag) previously announced

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

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Notes to Exhibit 7: (a) Pallas Green MRE is owned by Glencore (see Glencore's Resources and Reserves Report dated December 31, 2023); (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.

Exhibit 7. Regional Map of PG West (100% Interest) and Stonepark (76.56% Interest)

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Stonepark Joint Venture

Prior to the start of the 2024 drill program at the Stonepark Project, Arkle Resources PLC (Group Eleven's joint venture partner on the project) elected not to finance their pro-rata share of program costs. As a result, Group Eleven's ownership in the Stonepark project is expected to increase from 76.56% to 77.64%. This increase is expected to be finalized later this year, upon payment of all program costs and subsequent proportional issuance of shares (of TILZ Minerals Limited, Group Eleven's subsidiary which wholly owns the Stonepark project) to Group Eleven.

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.

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 Pink: GRLVF) (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in the Republic of Ireland. Group Eleven announced the Ballywire discovery in September 2022. 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
6.1m of 11.4% Zn+Pb, 85 g/t Ag (G11-3552-13)
5.6m of 13.1% Zn+Pb, 116 g/t Ag (G11-3552-17)
11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
8.7m of 23.9% Zn+Pb and 85 g/t Ag (G11-3552-19)

The Company's two largest shareholders are Glencore Canada Corp. (17.1% interest) and Michael Gentile (16.5%). 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

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.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

Appendix 1. Previously Released Germanium Assays from G11-468-01, -03, -06

From (m)	To (m)	Int (m)	Zn %	Pb %	Zn+Pb %	Ag g/t	Ge g/t
G11-468-01
312.70	313.50	0.80	13.55	3.27	16.82	67.8	40.9
313.50	314.10	0.60	5.90	1.21	7.11	31.1	16.2
314.10	314.85	0.75	4.46	0.54	5.00	22.3	14.5
314.85	315.25	0.40	20.10	5.35	25.45	92.2	38.5
315.25	315.55	0.30	13.20	4.47	17.67	59.5	33.1
315.55	315.80	0.25	2.91	0.41	3.32	18.7	7.4
315.80	316.00	0.20	14.50	2.56	17.06	52.2	35.0
312.70	316.00	3.30	10.11	2.38	12.48	48.3	26.5

G11-468-03
228.20	228.57	0.37	21.40	3.76	25.16	171.0	26.2
229.31	229.87	0.56	32.70	13.70	46.40	632.0	63.2
251.65	252.82	1.17	5.35	1.09	6.44	106.0	14.5
252.82	253.82	1.00	3.54	4.56	8.10	113.0	6.5
253.82	254.60	0.78	4.17	3.47	7.64	89.7	8.8
-	-	-	-	-	-	-	-
256.45	257.00	0.55	32.70	19.70	52.40	540.0	55.1
257.00	257.81	0.81	32.10	10.40	42.50	339.0	38.4
257.81	258.10	0.29	44.30	3.35	47.65	496.0	79.2
258.10	258.50	0.40	14.35	2.00	16.35	183.0	33.9
268.88	269.72	0.84	17.35	1.99	19.34	55.2	23.2
251.65	254.60	2.95	4.42	2.89	7.32	104.1	10.3
256.45	258.50	2.05	30.52	10.26	40.78	384.7	47.8

G11-468-06
292.00	292.28	0.28	17.80	1.76	19.56	67.6	38.0
292.78	292.90	0.12	13.65	1.09	14.74	39.4	26.5
297.70	297.80	0.10	24.30	1.13	25.43	60.1	70.7
298.15	298.55	0.40	15.95	4.83	20.78	97.0	34.3
304.60	305.13	0.53	45.50	20.20	65.70	421.0	47.5
305.13	305.43	0.30	15.45	21.30	36.75	309.0	8.4
305.43	305.90	0.47	0.12	0.06	0.18	0.8	0.3
305.90	305.98	0.08	33.40	3.97	37.37	136.0	37.4
305.98	306.10	0.12	0.83	0.11	0.93	3.1	1.2
306.10	306.25	0.15	32.20	8.77	40.97	108.0	41.2
306.25	306.59	0.34	0.88	0.21	1.08	4.8	2.1
306.59	307.08	0.49	28.40	5.85	34.25	105.0	20.3
307.08	307.78	0.70	0.18	0.98	1.16	10.7	0.5
346.34	346.66	0.32	2.55	40.20	42.75	187.0	3.5
304.60	307.08	2.48	20.41	8.75	29.16	160.0	19.3
Note: continuous intervals shown as shaded meterage; '-' means sample gap; all other data (Zn, Pb, Ag) previously announced

Appendix 2. Previously Released Ge Assays (G11-468-10 to -13, -15, G11-3552-03)

From (m)	To (m)	Int (m)	Zn %	Pb %	Zn+Pb %	Ag g/t	Ge g/t
G11-468-10
400.17	400.46	0.29	3.07	2.40	5.47	83.0	1.7

G11-468-11
258.31	259.30	0.99	0.06	0.04	0.09	15.5	0.3
259.30	260.11	0.81	0.09	0.06	0.15	37.6	0.3
260.11	261.30	1.19	0.02	0.05	0.07	23.1	0.3
258.31	261.30	2.99	0.05	0.05	0.10	24.5	0.3

G11-468-12
266.36	267.13	0.77	9.14	1.60	10.74	40.9	24.4
267.13	268.10	0.97	1.16	0.02	1.18	3.2	2.0
268.10	269.00	0.90	0.57	0.04	0.61	4.3	2.4
269.00	269.57	0.57	13.95	1.70	15.65	45.8	25.1
269.57	270.10	0.53	2.19	0.40	2.59	8.0	6.8
270.10	270.68	0.58	10.95	19.35	30.30	990.0	22.1
-	-	-	-	-	-	-	-
292.00	292.74	0.74	9.51	16.60	26.11	356.0	7.3
292.74	293.46	0.72	22.30	8.33	30.63	932.0	16.6
293.46	294.11	0.65	14.50	21.50	36.00	912.0	16.6
294.11	295.14	1.03	1.40	5.25	6.65	72.0	3.5
266.36	270.68	4.32	5.59	3.17	8.76	148.8	12.4
292.00	295.14	3.14	10.81	11.99	22.81	510.0	10.1

G11-468-13
264.45	265.20	0.75	11.25	2.43	13.68	57.6	15.8
272.05	272.80	0.75	10.05	11.65	21.70	112.0	6.0
272.80	273.27	0.47	11.65	11.25	22.90	101.0	9.6
281.08	281.60	0.52	15.05	0.99	16.04	63.2	6.6
272.05	273.27	1.22	10.67	11.50	22.16	107.8	7.4

G11-468-15
272.38	272.57	0.19	11.35	10.85	22.20	199.0	11.4
273.26	273.80	0.54	8.16	23.30	31.46	170.0	10.5

G11-3552-03
218.76	219.20	0.44	13.65	8.49	22.14	93.9	8.9
280.56	281.29	0.73	31.40	7.25	38.65	160.0	24.4
285.12	286.05	0.93	8.20	8.87	17.07	81.9	6.5
291.62	291.80	0.18	24.00	3.12	27.12	397.0	12.4
Note: continuous intervals shown as shaded meterage; '-' means sample gap; all other data (Zn, Pb, Ag) previously announced

________________________
¹ Derived from Trading Economics (tradingeconomics.com): CNY 16,950 per kg (13-Jan-2025)
² US Geological Survey; Professional Paper 1802-I titled "Germanium and Indium" (Shanks III et al, 2017)

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Group Eleven Intersects 12.0m of 2.30% Cu and 560 g/t Ag, Including 6.4m of 3.72% Cu and 838 g/t Ag, Demonstrating High-Grade Copper and Silver Potential at Ballywire

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce assay results from four new holes from the ongoing drill program at the Company's 100%-owned Ballywire zinc-lead-silver discovery ("Ballywire"), PG West Project ("PG West"), Republic of Ireland.

Highlights:

25-3552-31, a 65m step-out hole, intersected two strongly mineralized horizons:
- Cu-Ag horizon (starting at 348.7m downhole)
  - 19.9m of 1.46% Cu and 356 g/t Ag, including
  - 12.0m of 2.30% Cu and 560 g/t Ag, including
  - 6.4m of 3.72% Cu and 838 g/t Ag
- Zn-Pb-Ag horizon (starting at 297.0m downhole)
  - 47.1m of 4.5% Zn+Pb (3.1% Zn and 1.4% Pb) and 22 g/t Ag, including
  - 25.9m of 7.4% Zn+Pb (5.1% Zn and 2.3% Pb) and 35 g/t Ag, including
  - 12.9m of 11.0% Zn+Pb (7.7% Zn and 3.2% Pb) and 57 g/t Ag, including
  - 3.7m of 20.4% Zn+Pb (15.8% Zn and 4.6% Pb) and 151 g/t Ag
Up to 10.45% Cu (over 0.80m) and up to 1,880 g/t Ag (over 0.86m) intersected in the Cu-Ag horizon; to the Company's knowledge, this represents the highest-grade Ag intercept in Ireland over the last >60 years (by any operator) and similarly, one of the highest-grade Cu intercepts
Cu-Ag horizon consists of replacement-style mineralization along the base of the Waulsortian Limestone in proximity to a fault structure; mineralization appears to consist mostly of tennantite-tetrahedrite (detailed mineralogy work to be undertaken in due course)
Noteworthy is the presence of elevated antimony in the Cu-Ag zone, grading 0.27% Sb within the above 6.4m interval (including 0.80m of 10.45% Cu, 1215 g/t Ag and 0.83% Sb)
This hole expands the footprint of the 2.6km long discovery trend by at least 65m down-dip, to a total of at least 170m down-dip along this section (and remains open further down-dip)
Drilling continues at Ballywire with two rigs testing (i) the NE extension and (ii) 1.3km ENE of the Ballywire discovery in the vicinity of the prospective 'D' gravity-high anomaly; a third rig was added this week, testing the deeper Cu-Ag target (below the Waulsortian Limestone)

"Intersecting spectacular copper-silver grades over significant thicknesses is a pivotal moment for the Ballywire discovery," stated Bart Jaworski, CEO. "These results not only strongly point to a stratigraphically deeper Cu-Ag horizon but also represent a proof of concept that substantial grades and thicknesses of copper and silver exist at the discovery, in addition to excellent grades of Zn-Pb. The growing presence of critical minerals at Ballywire, namely, copper, germanium and now potentially antimony, highlights the rising strategic importance of this discovery for Ireland, the EU and our shareholders. With today's Cu-Ag milestone, continued drilling to the NE and along our prospective 6km trend, plus the start of drilling with our third rig, we are poised to further grow shareholder value as the year progresses."

Exhibit 1. Cross-Section Showing New Drilling (25-3552-31) at Ballywire Discovery

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_exhibit1.jpg

Note: True width of mineralized intervals in 25-3552-31, as a percent of down-hole interval, is estimated to be 50-70%

Exhibit 2. Plan Map Showing New Drilling and Intersected High-Grade Cu-Ag Mineralization

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_exhibit2.jpg

New Step-Out Holes at Ballywire Discovery

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 52 holes drilled and reported by Group Eleven to date, including the most recent four holes (25-3552-30, -31, -32, and -33) reported today (see Exhibits 1 to 7).

High-grade Zn-Pb mineralization from 25-3552-31 (see Page 1 and Exhibits 1 to 4) consists predominantly of sphalerite, galena and pyrite. High-grade Cu-Ag mineralization in this hole consists of suspected tennantite/tetrahedrite, chalcopyrite, sphalerite, galena and pyrite along and/or close to the base of the Waulsortian Limestone (see Exhibit 1). Noteworthy is the presence of elevated antimony within the Cu-Ag zone. For example, the 6.39m interval below, grading 3.72% Cu and 838 g/t Ag, also grades 0.27% Sb (including 0.80m of 10.45% Cu, 1215 g/t Ag and 0.83% Sb).

Exhibit 3. Summary of Assays from 25-3552-31 at Ballywire

Item	From (m)	To (m)	Int (m)	Zn (%)	Pb (%)	Zn+Pb (%)	Ag (g/t)	Cu (%)
25-3552-31	155.00	155.84	0.84	8.41	1.70	10.11	93.8	-
And	188.89	192.61	3.72	2.34	0.22	2.56	11.9	-
Incl.	190.82	191.75	0.93	4.77	0.45	5.22	25.2	-
And	296.95	344.07	47.12	3.13	1.37	4.50	21.6	-
Incl.	300.76	301.70	0.94	5.21	0.72	5.93	13.9	-
And	309.07	334.96	25.89	5.10	2.27	7.37	35.4	-
Incl.	310.00	322.88	12.88	7.72	3.24	10.95	57.4	-
Incl.	315.49	319.20	3.71	15.81	4.56	20.37	151.1	-
And	347.79	370.42	22.63	0.47	0.51	0.98	315.8	1.30
Incl.	348.71	368.60	19.89	0.49	0.57	1.07	356.5	1.46
Incl.	348.71	360.73	12.02	0.59	0.79	1.38	560.1	2.30
Incl.	353.39	360.73	7.34	0.68	1.27	1.95	768.0	3.36
Incl.	354.34	360.73	6.39	0.65	1.46	2.11	838.0	3.72
Incl.	354.34	355.20	0.86	0.77	0.06	0.83	1880.0	5.73
And	355.20	356.09	0.89	0.09	0.02	0.11	516.0	1.12
And	356.09	357.02	0.93	0.40	8.47	8.87	399.0	1.16
And	357.02	357.98	0.96	0.36	1.15	1.51	128.0	1.19
And	357.98	358.78	0.80	2.44	0.21	2.65	1215.0	10.45
And	358.78	359.84	1.06	0.33	0.06	0.38	979.0	3.92
And	359.84	360.73	0.89	0.45	0.03	0.48	871.0	3.52

Note: True width of the mineralized interval in hole 25-3552-31, as a percentage of the down-hole interval, is estimated to be 50-70%; for photographs of Cu-Ag rich core, see Appendix and www.groupelevenresources.com.

Three other holes released today were drilled in a 150m gap to the NE of 25-3552-31 (25-3552-30, -32 and -33; see Exhibit 2). Hole 25-3552-30 returned nil mineralization, 25-3552-32 returned three intervals of mineralization up to 0.94m of 2.4% Zn+Pb (0.9% Zn and 1.5% Pb) and 8 g/t Ag, and 25-3552-33 returned three intervals of mineralization up to 0.82m of 2.9% Zn+Pb (1.1% Zn and 1.8% Pb) and 7 g/t Ag. These zones of mineralization are narrower and weaker than those at the main discovery trend but generally in line with recent holes drilled further to the ENE (see holes G11-3552-24, -26 and 28 in news release dated 25-Mar-2025). Disseminated copper mineralization, as well as, mineralized veins and fractures, is strengthening towards the north, suggesting massive sulphide mineralization may be present further north (see northern-most purple line in Exhibit 4). A second mineralized trend is also emerging to the south where the interpreted Cu-Ag rich 'feeder' fault pierced by drilling along the main discovery trend appears to correlate with mineralization approx. 350m along strike to the ENE, intersected in G11-3552-08 (see solid and dashed purple lines in Exhibit 4). Drilling is ongoing in the NE area to test the above targets.

Copper-Silver Target

Today's results add to a growing body of evidence that support the interpretation of a Cu-Ag 'feeder' fault parallel to and spatially associated with the main Zn-Pb-Ag discovery at Ballywire (see Exhibit 4). With up to 10.45% Cu and 1,880 g/t Ag in a mineralized horizon near a steeply dipping structure, mineralizing fluids are interpreted to have emanated from deeper in the sedimentary sequence (see Exhibit 5). Meanwhile, the stratigraphy of the region suggests that the Lower Limestone Shale horizon exists approximately 100-200m below the discovery horizon (base of the Waulsortian Limestone). This horizon hosts four well known Cu-Ag historic occurrences in the surrounding area (see Denison, Oola, Gortdrum and Tullacondra in Exhibit 8, located approx. 5km, 9km, 10km and 45km away from Ballywire, respectively).

These historic Cu-Ag occurrences can be interpreted as the eroded remnants of originally more vertically extensive mineralizing systems, likely representing the roots of stratigraphically higher Zn-Pb-Ag mineralization. At Ballywire, the mineralizing system has the potential to be much larger than its neighbouring occurrences (based on a relatively larger footprint to date); additionally, any Cu-Ag mineralization would notionally be intact below the existing Zn-Pb-Ag mineralization.

Given the compelling nature of this exploration model, Group Eleven added a third rig and began drilling this deeper Cu-Ag target this week.

Exhibit 4. Plan Map Showing Interpreted Cu-Ag 'Feeder' at Ballywire

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https://images.newsfilecorp.com/files/5685/251260_exhibit4.jpg

Exhibit 5. Cross-Section Showing Hypothesized Cu-Ag Mineralization in the Lower Limestone Shale

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https://images.newsfilecorp.com/files/5685/251260_exhibit5.jpg

Exhibit 6. Oblique 3D View of Cu-Ag Mineralization at Ballywire

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https://images.newsfilecorp.com/files/5685/251260_exhibit6.jpg

Note: Bodies shown (calcite, Zn-Pb-Ag and Cu-Ag) are not constrained by any grade cut-off and are meant for illustrative purposes only

Exhibit 7. Regional Gravity at Ballywire Showing 6km Long Prospective Trend

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https://images.newsfilecorp.com/files/5685/251260_exhibit7.jpg

Notes to Exhibit 8: (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.

Exhibit 8. Regional Map of Ballywire Discovery and Surrounding Cu-Ag Historic Occurrences

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https://images.newsfilecorp.com/files/5685/251260_exhibit8.jpg

Qualified Person

Sampling and Analytical Procedures

All core drilled at Ballywire is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.42m to 1.3m with the majority of samples in the 0.79m to 0.99m range. The half-core samples are bagged, labelled and sealed at Group Elevens 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

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: 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 deposit¹, which itself is located adjacent to Glencore's Pallas Green zinc-lead deposit². 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

Cautionary Note Regarding Forward-Looking Information

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.

APPENDIX - CORE PHOTOS
COPPER-SILVER ZONE IN HOLE 25-3551-31
(With Key Assay Results and Brief Descriptions of Key Mineralogy)

Core Boxes 103-105

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Core Boxes 106-108

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Core Boxes 109-111

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https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_011full.jpg

(1) Close-Up Core Photo

Above: Dolomitized Waulsortian Limestone, cross-cut by sulphide bearing veins (suspected tennatite-tetrahedrite, chalcopyrite and/or pyrite)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_012full.jpg

(2) Close-Up Core Photo

Above: Suspected tennantite/tetrahedrite (grey), chalcopyrite and pyrite (yellow) and calcite (white)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_013full.jpg

(3) Close-Up Core Photo

Above: Chalcopyrite with some pyrite (yellow) and suspected tennantite/tetrahedrite (grey), calcite (white)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_014full.jpg

(4) Close-Up Core Photo

Above: Semi-massive chalcopyrite and pyrite (yellow), galena (reflective grey)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_015full.jpg

(5) Close-Up Core Photo

Above: Waulsortian Limestones (grey), calcite (white), pyrite and chalcopyrite (yellow)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_016full.jpg

(6) Close-Up Core Photo

Above: Suspected tennantite and tetrahedrite (dark grey), chalcopyrite (yellow), calcite (white)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_017full.jpg

(6a) Close-Up Core Photo

Above: Suspected tennantite and tetrahedrite (dark grey), chalcopyrite (yellow), calcite (white)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_018full.jpg

(7) Close-Up Core Photo

Above: Suspect tennantite and tetrahedrite (dark grey), chalcopyrite (yellow), calcite (white)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_019full.jpg

(8) Close-Up Core Photo

Above: Chalcopyrite (yellow), suspected tennantite/tetrahedrite (grey), calcite (white)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/251260_d0b183a384f7ba3f_020full.jpg

(9) Close-Up Core Photo

Above: Fault zone (juxtaposing sub-Waulsortian lithologies against Waulsortian Limestone)

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Nuvau Minerals Inc. Announces Grant of Options

Nuvau Minerals Inc. (TSXV: NMC) (" Nuvau " or the " Company ") is pleased to announce that it has granted an aggregate of 2,430,000 stock options of the Company (" Options ") in two tranches to certain directors, officers and employees of the Company.

The first tranche consists of 1,500,000 Options (the " Tranche 1 Options ") with each Tranche 1 Option entitling the holder to acquire one common share at an exercise price of $0.90 per common share until May 29, 2030 . The Tranche 1 Options are subject to vesting provisions, with 50% of the Tranche 1 Options vesting immediately and the remaining Tranche 1 Options vesting on December 12, 2025 .

The second tranche consists of 930,000 Options (the " Tranche 2 Options ") with each Tranche 2 Option entitling the holder to acquire one common share at an exercise price of $0.47 per common share until May 29, 2030 .

About Nuvau Minerals Inc.

Nuvau is a Canadian mining company focused on the Abitibi Region of Québec. Nuvau's principal asset is the Matagami Property that is host to significant existing processing infrastructure and multiple mineral deposits and is being acquired from Glencore.

For more information go to our website www.nuvauminerals.com .

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Disclaimer & Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, " forward-looking statements ") within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements concerning the Options. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company, including expectations and assumptions concerning the Company. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by the management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, neither the Company nor Nuvau undertakes any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Nuvau Minerals Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2025/29/c3082.html

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Group Eleven Highlights Elevated Germanium Grades from Recent Drilling at Ballywire; Provides Drill Update

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PG West and Stonepark Projects

Ballywire Discovery – A Major Zinc-Lead-Silver Breakthrough

Carrickittle West – A Pallas Green Analogue

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