QMX Gold Expands Drilling Campaign to Over 45,000 Metres by Year End

QMX Gold Corporation ("QMX" or the "Company") (TSX:V:QMX) is pleased to announce it is increasing its drilling plans to more than 45,000 metres, from 35,000m, by year end, and is pleased to provide an update on its current exploration activities. QMX continues to be extremely active with four drill rigs on three different projects located on its nearly 200 km 2 Val d'Or Camp property located east of the city of Val d'Or in the prolific Abitibi Greenstone Belt in Québec (Figure 2).

Highlights include:

  • At least   45,000   m   wi   ll   be   drilled   before the end of 2020   , up from 35,000m   .
  • N   ew   9,000m   exploration program   west of New Louvre an   d to the south of the   Bonnefond   deposit   .
  • A   4,000m deep exploration program on the Bonnefond intrusive   to follow up on recently released deep target   zone   .
  • 8   ,500m   to be   drilled on the River   Target    Expanding   the initial   5,5   00m   program.
  • Commenced   a   3,000   m reconnaissance   drilling   program on th   e Poulmaque area.
  • Planning a 35   ,000m winter   drilling   program on   the East Zone   focusing on the Bevcon intrusive   and   the   5   km trend between Bonnefond and Bevcon   .

"   We are delighted to report our recent exploration successes," says Dr. Andreas Rompel, Vice President Exploration   of QMX   , "and are looking forward to our increased exploration program for the rest of this   anomalous   year. We have identified the targets and   designed the programs to both expand   Bonnefond, our flagship project, and   add more substance to our other   target   areas   .   ''

Following on   very successful results   throughout   2020, QMX   is increasing   its drilling plans   for   the year   to over 45,000m , from 35,000m. Focus will remain on growing the Bonnefond deposit on the eastern side of the property and drilling the River and Poulmaque targets on the Bourlamaque Zone.

QMX is currently operating four drill rigs with two in the Bonnefond deposit area, one on the River target and one in the Poulmaque area (Figure 1).

Figure 1:   QMX 2020 Drill Target   Areas
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Bonnefond   Deposit – Expanding in all directions

Early in 2020, all drilling efforts were focused on QMX's most advanced project, the Bonnefond deposit, in order to expand and upgrade the initial 2019 resource. Once the infill drilling campaign within the intrusive was completed, 2 drill rigs were mobilized to test Bonnefond's extent in all directions. To date this effort indicates that Bonnefond extends to the South, West and East and also at depth. A   10,000m exploration program   was recently completed to   the   north of the intrusive   and is awaiting assay   results .

Currently one of the two drill rigs has commenced a 9,000m exploration program to the south of Bonnefond testing the western extension of the New Louvre target (Figure 1). The other drill rig is on the Bonnefond intrusive following up on the deposit's depth potential. At the end of the summer exploration campaign, QMX completed a 1,200m hole through the Bonnefond intrusive to test its potential at depth. Based on the success of DDH 121 ( press release August 18, 2020 ), QMX   's   exploration team designed a 4,000m   follow up   drilling program focusing on deep exploration in the Bonnefond intrusive. This program is ongoing and expected to   be   completed   later this   fall.

The Bonnefond resource update is progressing and is expected to be available shortly.

River   Target   – Follow up drilling

In 2019, QMX drilled a 1,100m reconnaissance program on the River Target to evaluate the geometry and potential of the mineralized zone. Based on the success of the initial program, a 5,500m broader second phase exploration program was initially developed. Drilling commenced during the summer and assays are pending.

Th   e River Target   program was recently   expanded to   8   ,500m   and is expected to   completed   this fall .

Poulmaque   Area   – Reconnaissance program

A 3,000m reconnaissance drilling program began mid-September on the Poulmaque area. The objective of the program is to identify potentially mineralized structures on the eastern side of the Bourlamaque Batholith.

Poulmaque is a prospective target area extending on a 3.5km north-south strike in the south eastern part of the Bourlamaque batholith. The Poulmaque target area is located 3km west of Probe Metals "Courvan gold trend" and 5km from the "Pascalis gold trend".

The northern end of the target hosts the F-Zone and the southern end the Callahan deposit on QMX Gold's Beacon property. The F-Zone is located in the eastern end of the Ferderber shear and has returned 10.93g/t Au over 1.4m and 28.45g/t Au over 1.6m according to the MERN Sigeom database. The Callahan deposit was drilled by QMX in 2017 and DDH 17319-17-005 intersected quartz veins grading 32.6g/t Au over 1.0m and 7.6g/t Au over 3.0m ( press release May 23, 2017 ).

2021 Winter drilling program   – Bevcon intrusive

The QMX exploration team is currently planning the 2021 winter drilling campaign. The campaign will focus primarily on areas accessible only during the winter months, which include the Bevcon Intrusive area and the eastern part of the Bonnefond project. QMX currently plans to utilize seven drill rigs for a total of 35,000m over the winter months. The additional rigs have already been sourced and will be provided by our current supplier Orbit and G4 Drilling. We welcome our new supplier and anticipate a high-quality cooperation.

A large portion of the winter program will be on the Bevcon intrusive in order to follow up on the successful results from the 2019 drilling campaign.

Highlights from the Bevcon Target ( press release September 24, 2019 ) :

  • DDH 17311-18-015 returned 84.8 g/t Au over 6.0m, including 137.5 g/t Au over 3.7m and DDH 17311-18-017 returned 10.8 g/t Au over 4.3m.

An exploration program testing prospective exploration targets to the east of the Bonnefond project will also be included in the winter program.

Figure 2: QMX's extensive and target-rich land package
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Quality Control

During the drilling program, assay samples were taken from the NQ core and sawed in half. One half is sent to Swaslab Ltd., a certified commercial laboratory. The other half of the core is retained for future reference. A strict quality assurance and quality control program was applied to all samples, which included insertion of mineralized standards, blank samples and duplicates inside each batch of 20 samples. The gold analyses were completed by fire-assay with an atomic absorption finish on 50 grams of material. Repeats were carried out by fire-assay with a gravimetric finish on each sample containing 5.0 g/t Au or more. The gold analyses were undertaken by fire-assay on 50 grams of pulp with an atomic absorption finish. Repeats were carried out by fire-assay with a gravimetric finish on each sample containing 5.0 g/t Au or more.

Further to our ongoing cooperation with the Swaslab, we have joined forces with AGAT Laboratories to handle the additional samples resulting from our increased exploration effort.

Qu   alified Persons

The scientific and technical content of this press release has been reviewed, prepared and approved by Mélanie Pichon, P.Geo, M.Sc, Exploration Manager, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

Stock Option Grant

The Company has granted a total of 8.875 million stock options to certain officers, directors, consultants and employees of the Company pursuant to the Company's stock option plan. Half of the stock options vest immediately, with the remainder vesting one year from the date of grant, and may be exercised at a price of $0.18 per option for a period of five years from the date of grant. This grant of options is subject to the approval of the TSX Venture Exchange.

About QMX Gold Corporation

QMX Gold Corporation is a Canadian based resource company traded on the TSX Venture Exchange under the symbol "QMX". The Company is systematically exploring its extensive property position in the Val d'Or mining camp in the Abitibi District of Quebec. QMX Gold is currently drilling in the Val d'Or East portion of its land package focused on the Bonnefond Deposit and in the Bourlamaque Batholith. In addition to its extensive land package QMX Gold owns the strategically located Aurbel gold mill and tailings facility.

Contact Information:
Brad Humphrey Louis Baribeau
President and CEO Public Relations
Tel: (514) 667-2304
Toll free : +1 877-717-3027 Email : info@qmxgold.ca Website: www.qmxgold.ca

Cautionary Note Regarding Forward-Looking Information:

This press release contains or may be deemed to contain "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding future plans, operations and activities, planned drilling programs,   expansion of drilling programs,   projected mineralization, timing of assay results, and the ability of the Company to continue as a going concern. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, its properties and/or its projects to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the disclosure documents of the Company filed under the Company's profile on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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


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B2Gold Releases its Ninth Annual Responsible Mining Report and its Fourth Annual Climate Strategy Report

B2Gold Releases its Ninth Annual Responsible Mining Report and its Fourth Annual Climate Strategy Report

B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce that it has published its ninth annual Responsible Mining Report entitled "Raising the Bar" (the "Report"), which details B2Gold's global economic contributions and its environmental, social, and governance ("ESG") management practices, together with the Company's performance against key indicators in 2024. Highlights of the Report are presented below, and full details are outlined in the Report, which is available to view or download at the link provided below. All dollar figures are in United States dollars unless otherwise indicated.

B2Gold is also pleased to announce that it has published its 2024 Climate Strategy Update. The Climate Strategy Update presents stakeholders with information on how B2Gold manages its climate-related risks and impacts and is the Company's fourth annual report in line with the recommendations of the Task Force on Climate-related Financial Disclosures.

To view or download a copy of the Responsible Mining Report and Climate Strategy Update, and all other documents referred to in this press release, please visit www.b2gold.com/sustainability/esg-reporting-portal

In announcing the release of the Report and the Climate Strategy Update, Clive Johnson, President & CEO of B2Gold, states "As I reflect on the achievements and challenges of the past year, I am particularly proud of the dedication of our people, who continue to drive B2Gold forward. We have successfully navigated dynamic capital markets, regulatory changes, and evolving ESG expectations while maintaining our high standards of responsible mining. Together, we strive to continue to create long-term value for all of our stakeholders, while upholding the level of operational excellence, environmental stewardship, and social responsibility that define B2Gold."

Highlights from the 2024 "Raising the Bar" Responsible Mining Report

Economic Contribution

As a responsible gold miner, B2Gold aims to create and distribute economic value among its stakeholders. B2Gold's economic performance is measured by the economic value that it generates for others, including payments to governments through taxes and royalties, local hiring and procurement and investment in communities. In 2024, B2Gold:

  • Achieved total consolidated gold production of 804,778 ounces (including 19,644 ounces of attributable production from Calibre Mining Corp.);

  • Generated $1.9 billion in annual revenue;

  • Paid $283 million in employee wages and benefits;

  • Invested $12.8 million in its local communities 1 ; and

  • Paid $564 million to governments (through taxes and royalties).

B2Gold is committed to maximizing local and national economic benefits from its contracting and purchasing. The Company is conscious of the high priority that host communities and governments place on local procurement. In sourcing the goods and services necessary to run its operations, B2Gold gives preference to local businesses where possible, provided they meet minimum safety, quality, ethical, and cost requirements. In 2024, over $600 million of goods and services were procured from local and host-country businesses. Several 2024 success stories are outlined in the Report.

People

As a reputable corporate citizen, B2Gold generates national employment and opportunities for people to develop their careers, trains employees to acquire new skills, and opens doors to women, under-represented groups and previously disadvantaged people. The Company fosters positive and productive engagement with employees, provides safe workplaces, and believes that investing in people attracts and retains talented individuals and assists in their abilities to provide for themselves, their families and their futures.

At the end of 2024, B2Gold employed 6,478 2 people across all operations. The Company continues to maintain high local employment rates by targeting recruitment efforts at regional and national levels. Across all operations, 97% of the total workforce, and 58% of Senior Management 3 were comprised of national 4 employees.

B2Gold values a diverse workforce. In recent years, the Company has made significant strides in advancing its Equity, Diversity and Inclusion initiatives. In 2021, the adoption of a Diversity Policy by the Company's Board established a target of 30% female representation on the Board and in management-level positions, underscoring its commitment to promoting and achieving gender diversity at all levels of the organization. B2Gold is pleased to report that as of the end of 2024, 40% of Company directors identify as gender diverse.

Health and Safety

As a result of B2Gold's focus on injury prevention, the Company is once again pleased to report that for the ninth consecutive year, it has maintained a zero-fatality workplace. Additionally, B2Gold's injury rates remain amongst the lowest in the mining industry, with a Lost Time Injury Frequency Rate of 0.05 5 in 2024. These achievements underscore the Company's position as a leader in safety performance within the industry.

Communities

B2Gold maintains its social licence to operate by building trust-based relationships, actively engaging with stakeholders, and implementing community investment activities based on local ownership and development priorities. Highlights of the 2024 community investment programs include:

  • At the Fekola Complex, the 70-hectare Goungoubato Agricultural Project is supporting over 250 households affected by resettlement, directly addressing food insecurity whilst fostering small- and medium-sized enterprise growth through newly formed farmers' associations. Additionally, B2Gold continued its partnership with Global Affairs Canada and its support of the FEMA Project, which aims to improve conditions for women and children living in artisanal mining communities within the Fekola Mine's area of influence. The FEMA Project was initiated in March 2022 and will continue until 2027.

  • At the Masbate Gold Project, investment continued to focus on education, access to health services and facilities, and programs that enhance local economic opportunities, including skills training and small enterprise support. The Training for Employment Program reached its fifth year of partnership in 2024 and remains a powerful driver of economic mobility by equipping individuals with the skills and training needed to build sustainable livelihoods. Over the lifetime of the project, 1,521 individuals have received training and over 600 participants have secured employment.

  • At the Otjikoto Mine, B2Gold Namibia achieved significant milestones that reflect the Company's commitment to meeting critical needs, supporting long-term development, and fostering resilience beyond the life of the mine. Notable achievements include the completion of the Ombili Clinic, which will improve access to healthcare in the region, and the Otavi Water Project, which enhances water security through the construction of a tower and water distribution system.

  • At the Back River Gold District, B2Gold Nunavut continues to strengthen its close relationships with the Kitikmeot Inuit Association and communities across Canada's Arctic. The Company is investing in collaborative projects throughout the Kitikmeot region that promote community wellness, support youth through sports, recreation, and education, and advance initiatives focused on women and Elders. A standout initiative is the Inuit Workplace Experience Program, delivered in partnership with the Redfish Arts Society, which provides Kitikmeot Inuit youth with hands-on training in welding and fabrication—equipping them with valuable skills for employment in Nunavut's growing mineral development sector. B2Gold Nunavut remains committed to working alongside the Kitikmeot Inuit Association to advance further initiatives that ensure the benefits of the Back River Gold District reach the communities of Cambridge Bay, Kugluktuk, Gjoa Haven, Taloyoak, and Kugaaruk.

Environment

B2Gold's remains firmly committed to reducing greenhouse gas ("GHG") emissions, with a target to reduce Scope 1 and 2 emissions by 30% by 2030 against a 2021 baseline. The completion of the Fekola solar plant expansion in early 2025 underscores this commitment by advancing the decarbonization of operations through innovative and sustainable energy solutions. The expanded Fekola facility is expected to supply approximately 30% of the site's electricity demand and reduce annual emissions by an estimated 63,000 tonnes of carbon dioxide equivalent (CO 2 e).

Approach to Reporting

B2Gold is committed to the transparency of its sustainability risks, management and performance. The Report is aligned with the Global Reporting Initiative Sustainability Reporting Standards and the Sustainability Accounting Standards Board Mining and Metals Sustainability Accounting Standard . The Company firmly believes that the mining industry has an opportunity to contribute positively to the United Nations Sustainable Development Goals and it has reported its contribution in this regard since 2018.

Highlights from the 2024 Climate Strategy Update

2024 Highlights

  • B2Gold is committed to a GHG emissions reduction target of a 30% reduction in Scope 1 and 2 emissions by 2030 against a 2021 baseline.

  • The Company continued evaluation of financial impacts of key climate risks identified at sites during previous climate scenario analysis workshops.

  • The total Scope 1 and 2 GHG emissions (for the Fekola, Masbate and Otjikoto operations) remained relatively stable in 2024, with a slight decrease to an estimated 699 thousand tonnes CO 2 e compared to 701 thousand tonnes in 2023. The Company's consolidated GHG emissions intensity was 0.89 tonnes CO 2 e per gold ounce produced in 2024 (compared with 0.71 in 2023), a modest increase driven in part by a reduction in total gold production.

  • The proportion of electricity consumed at B2Gold operations from renewable sources was 21.7% in 2024. At Otjikoto, the proportion of electricity consumed from renewable sources was over 70%.

Looking Forward – 2025 and Beyond

In 2025, B2Gold looks forward to strengthening its global partnerships and deepening its commitment to the diverse communities in which it operates. The Company will continue investing in initiatives that expand vocational training and promote job creation, improve access to education, and enhance healthcare services. B2Gold believes that by building local capacity and fostering strong alignment among governments, communities, stakeholders, and the Company, it can help create resilient, healthy, and prosperous communities throughout the mining lifecycle.

As part of its climate strategy, B2Gold will continue to advance renewable energy initiatives across its operations, supporting its target to reduce Scope 1 and 2 GHG emissions by 30% by 2030 against a 2021 baseline. At the Masbate Gold Project, an 8.2-megawatt ("MW") solar plant is scheduled for installation in 2025, which will further reduce emissions and heavy fuel oil ("HFO") consumption. In Nunavut, following regulatory approvals received in 2024, B2Gold is finalizing project plans and environmental commitments for the proposed Back River Energy Centre—a renewable energy facility that could include up to thirteen wind turbines, solar panels, and battery storage, with the potential to deliver more than 55 MW of clean energy. This facility is expected to significantly reduce reliance on HFO, as well as the number of fuel barges and fuel truck trips along the winter ice road.

Beyond increasing the share of renewable energy in its operations, B2Gold is actively assessing a range of additional carbon reduction opportunities, including energy efficiency improvements, the use of alternative fuels, and optimization of materials movement. The Company remains committed to innovation by working closely with industry-leading partners and staying prepared to adopt emerging technologies that align with its decarbonization goals.

About B2Gold

B2Gold is a responsible international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada and numerous development and exploration projects in various countries including Mali, Colombia and Finland.

ON BEHALF OF B2Gold Corp.

"Clive T. Johnson"
President and Chief Executive Officer

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Canadian Gold Corp. Provides an Update on the Forest Fire Situation Near the Tartan Mine

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Canadian Gold Corp. (TSXV: CGC) ("Canadian Gold" or the "Company") has temporarily suspended drilling operations at its Tartan Mine property near Flin Flon, Manitoba, due to a forest fire in the nearby vicinity.

"We have withdrawn our staff and continue to monitor our facilities remotely in accordance with local directives. Our team is in constant communication with local and provincial authorities to coordinate all efforts during this difficult time. All personnel are safe, and the Tartan facilities are secure. While all activities at the site are currently suspended, we remain hopeful that the nearby forest fire activity will not have any material impact on our Phase 4 drilling program.

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North Bay Resources, Inc. (the " Company " or " North Bay ") (OTC: NBRI) is pleased to announce final acceptance and settlement of the Company's 2 nd and 3 rd gold concentrate test shipments from the Company's Fran Gold Project processed at the Company's Bishop Gold Mill. Results of April test shipments are as follows:

Refinery Settlement   #2
LBS. (WET) 265
MOISTURE 16.20%
LBS (DRY) 222
DST 0.111
Au oz/dst 5.614
Ag oz/dst 2.506
Au: 0.623 oz
Ag: 0.278 oz
Metal Price May 20, 2025
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Ag $32.50
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Brixton Metals Commences Drilling at its Thorn Copper-Gold Project

Brixton Metals Commences Drilling at its Thorn Copper-Gold Project

Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the " Company " or " Brixton ") is pleased to announce that its Thorn exploration camp is now open for the season and drilling has commenced. Brixton is fully funded for the 2025 exploration program with plans to expand near surface gold mineralization within the Camp Creek Corridor and at the Trapper Gold Target, and to drill test new, near surface copper porphyry mineralization at Catalyst Target. The 2,945 km 2 project is located in Northwest British Columbia, Canada, approximately 90 km northeast from Juneau, Alaska.

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