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T.AYA

MONTREAL, July 07, 2025 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya& or the “Corporation&) is pleased to announce new high-grade drill exploration results from its 2025 program at Boumadine in the Kingdom of Morocco. Today's results also extend the Imariren mineralized trend to 1 kilometer (“km&) and confirm high-grade continuity along the Boumadine Main Trend. In addition, Aya is pleased to announce that it has identified a new mineralized high-grade at-surface zone to the west.

Highlights1

  • New prospective high-grade Asirem zone identified to the west of Boumadine Main Trend, with grab samples including 3.34 grams per tonne ("g/t") gold (“Au&) and 4.0% copper (“Cu&).
  • High-grade intercepts on the Boumadine Main Trend (5.4km):
    • BOU-MP25-038 intercepted 258 g/t silver equivalent (“AgEq&) over 3.3 meter (“m&) (2.85 g/t Au, 27 g/t silver (“Ag&), 0.1% zinc (“Zn&), 1.0% lead (“Pb&) and 0.05% Cu, including 563 g/t AgEq over 1.3m (6.13 g/t Au, 65 g/t Ag, 0.3% Zn, 0.2% Pb and 0.1% Cu)
    • BOU-MP25-028 intercepted 286 g/t AgEq over 4.3m (3.27 g/t Au, 19 g/t Ag, 0.3% Zn, 0.1% Pb and 0.1% Cu), including 460 g/t AgEq over 2.1m (5.46 g/t Au, 26 g/t Ag, 0.05% Zn, 0.1% Pb and 0.1% Cu)
  • High-grade intercepts on the Tizi Zone (2km):
    • BOU-DD25-547 intercepted 248 g/t AgEq over 9.0m (0.42 g/t Au, 80 g/t Ag, 3.6% Zn, 1.8% Pb and 0.04% Cu)
    • BOU-DD24-540 intercepted 480 g/t AgEq over 2.0m (3.27 g/t Au, 53 g/t Ag, 1.1% Zn, 5.2% Pb and 0.2% Cu)
  • Extension of Imariren strike length to 1km:
    • BOU-DD25-503 intercepted 876 g/t AgEq over 1.0m (9.92 g/t Au, 49 g/t Ag, 1.6% Zn, 0.2% Pb and 0.1% Cu)
    • BOU-DD25-529 intercepted 365 g/t AgEq over 2.0m (3.66 g/t Au, 52 g/t Ag, 0.5% Zn, 0.5% Pb and 0.1% Cu)
  • Completed 79,732m of drilling at Boumadine year-to-date in 2025.

1. All intersections are in core lengths. Ag equivalent is based on a silver price of US$24/oz with a process recovery of 89%, a gold price of US$2,200/oz with a process recovery of 85%, a zinc price of US$1.20/lb with a process recovery of 72%, a lead price of US$1.00/lb with a process recovery of 85%, and a copper price of US$4.00/lb with a process recovery of 75% resulting in the following ratios: 1g/t Au: 77.9 g/t Ag; 1% Cu: 85.4 g/t Ag; 1% Pb: 24.2 g/t Ag; and 1% Zn: 24.6 g/t Ag.

“We are excited to have identified the new Asirem gold-copper zone at surface to the west of the Boumadine Main Trend — a new prospective target that highlights Boumadine&s potential to become a large-scale, high-grade project,& said Benoit La Salle, President & CEO. “We are well positioned to quickly drill test this new regional target, and the structure can now be traced to the west over 9km. In addition, high-grade holes BOU-MP25-038 and BOU-MP25-028 confirm strong continuity of the Boumadine Main Trend at depth, while hole BOU-DD25-529 extends the footprint south at Imariren. With over 8.4km of mineralized strike length, we continue to demonstrate Boumadine&s significant resource growth potential.&

Table 1 – Significant Intercepts from Boumadine Drill Exploration Program (Core Lengths)

DDH No.
From To Au Ag Length* Cu Pb Zn Mo Ag Eq**
(m) (m) (g/t) (g/t) (m) (%) (%) (%) (g/t) (g/t)
BOU-DD25-503 224.2 225.2 9.92 49 1.0 0.1 0.2 1.6 6 876
BOU-DD25-529 134.4 136.4 3.66 52 2.0 0.0 0.5 0.5 5 365
BOU-DD25-533 204.3 207.7 1.18 61 3.4 0.2 0.1 3.7 13 266
Including 206.1 207.7 2.19 87 1.6 0.3 0.2 5.9 13 436
BOU-DD25-537 119.9 124.3 1.46 30 4.4 0.0 0.2 0.8 119 174
BOU-DD25-540 69.0 71.0 3.27 53 2.0 0.2 5.2 1.1 3 480
BOU-DD25-547 117.0 126.0 0.42 80 9.0 0.0 1.8 3.6 5 248
BOU-MP25-026 238.5 243.2 0.58 36 4.7 0.1 1.3 7.2 12 296
BOU-MP25-028 392.1 396.4 3.27 19 4.3 0.1 0.1 0.3 8 286
Including 392.1 394.2 5.46 26 2.1 0.1 0.1 0.0 10 460
BOU-MP25-031 279.1 282.0 2.47 21 2.9 0.1 0.2 0.7 7 242
BOU-MP25-038 437.7 441.0 2.85 27 3.3 0.0 0.1 0.1 2 258
Including 437.7 439.0 6.13 65 1.3 0.1 0.2 0.3 2 563
BOU-MP25-039 521.0 525.0 2.86 13 4.0 0.0 0.1 0.2 1 246
Including 521.0 523.0 3.91 19 2.0 0.1 0.1 0.4 1 339
BOU-MP25-042 194.0 196.0 2.82 31 2.0 0.1 0.7 1.9 7 322

* True width remains undetermined at this stage; all values are uncut.

** Ag equivalent is based on a silver price of US$24/oz with a process recovery of 89%, a gold price of US$2,200/oz with a process recovery of 85%, a zinc price of US$1.20/lb with a process recovery of 72%, a lead price of US$1.00/lb with a process recovery of 85%, and a copper price of US$4.00/lb with a process recovery of 75% resulting in the following ratios: 1g/t Au: 77.9 g/t Ag; 1% Cu: 85.4 g/t Ag; 1% Pb: 24.2 g/t Ag; and 1% Zn: 24.6 g/t Ag

Figure 1 - Boumadine Mining Licence Surface Plan with Magnetic Data (Residual Total Field) and 2025 Drill Holes

Boumadine Mining Licence Surface Plan with Magnetic Data (Residual Total Field) and 2025 Drill Holes

Figure 2 - Boumadine Property Surface Plan with 2025 Drill Holes

Boumadine Property Surface Plan with 2025 Drill Holes

2025 Exploration Results

This year, 148 diamond drill holes (“DDH&), 31 reverse circulation holes (“RC&) and 15 multi-purpose drill holes (“MP&) totaling 79,732m have been completed at Boumadine (Figure 1, Figure 2 and Appendix 2). Drilling was conducted on strike along the Main Trend (North Zones), Tizi, Imariren as well as on some regional targets. The majority of results have been received for drill holes up to BOU-DD25-557 (Table 1, Figure 3, and Appendix 1).

Results received so far in 2025, including holes BOU-MP25-038 and BOU-MP25-028, confirm the high-grade continuity of the Main Trend, which remains open in all directions. Today&s results, with BOU-DD25-529 and BOU-DD25-547, also confirm the continuity of the Tizi Zone and extend Imariren mineralization to 1.0km. The Imariren and Tizi zones also remain open in all directions.

The main mineralization generally measures 1m to 4m wide (locally reaching over a 10m width) N340-oriented massive sulphide lenses/veins sharply dipping eastward (> 70°). The massive sulphide veins (>80%) are mainly composed of pyrite, with variable proportions of sphalerite, galena, and chalcopyrite. Tizi and Imariren share the same characteristics except for their N000 orientation.

Figures 4 and 5 shows the newly receive grab results on the western most permit, recently acquired. Strong gold and copper results helped identify the new Asirem high-grade mineralization at-surface, which will be test drilled in the coming months. The Au-Cu anomalies coincide with a strong N080 geophysical feature and a regional fault. This major structure can be traced for over 9km within our new western exploration permits.

Figure 3 – Surface Plan of Boumadine North, Imariren and Tizi Zones with New DDH Results

Surface Plan of Boumadine North, Imariren and Tizi Zones with New DDH Results

Figure 4 – Surface Map of Boumadine Property with Simplified Geology and Au Grab Results

Surface Map of Boumadine Property with Simplified Geology and Au Grab Results

Figure 5 – Surface Map of Boumadine Property with Simplified Geology and Cu Grab Results

Surface Map of Boumadine Property with Simplified Geology and Cu Grab Results

Next Steps

Significant upside potential exists to expand the Boumadine Main Trend, which currently extends 5.4km, the Tizi Zone, which currently extends 2.0km and the Imariren Zone, with a current extension of 1.0km; the three trends remain open in all directions. Currently, the Corporation has mobilized drill rigs to complete the 100,000m to 140,000m drilling program. Half of the drilling will focus along the Main Trend, Imariren and Tizi to continue extending the known mineralization trend along strike and at depth and to infill known areas advancing the project towards a preliminary economic assessment. The remaining 50% will focus on greenfield exploration designed to test geological hypotheses and drill targets generated from the past three years of work. The results from ongoing geology work will determine additional development work.

Technical Information

Aya has implemented a quality control program to comply with best practices in sampling and analysis of drill core and RC chips. For core drilling, all individual samples represent approximately one meter in length of core, which is halved. Half of the core is kept on site for reference, and its counterpart is sent for preparation and assaying to African Laboratory for Mining and Environment (“Afrilab&) in Marrakech, Morocco. For drilling using RC, all individual samples represent 1.0m in length and a representative portion is kept for every meter in some chip trays stored on site. A split samples representing 1/16th, ranging from 2 to 4 kilogram is sent for preparation and assaying to Afrilab in Marrakech, Morocco.

All samples are analyzed for silver, copper, iron, lead, zinc, tin, and molybdenum using Aqua regia and finished by atomic absorption spectroscopy (“AAS&). Samples grading above 200 g/t Ag are reanalyzed using fire assaying. Gold is assayed by fire assaying. Standards of different grades and blanks were inserted every 20 samples in addition to the standards, blanks and pulp duplicate inserted by Afrilab.

Qualified Person

The scientific and technical information contained in this press release have been reviewed by David Lalonde, B. Sc, Vice-President Exploration, Qualified Person, for accuracy and compliance with National Instrument 43-101.

About Aya Gold & Silver Inc.

Aya Gold & Silver Inc. is a rapidly growing, Canada-based silver producer with operations in the Kingdom of Morocco.

The only TSX-listed pure silver mining company, Aya operates the high-grade Zgounder Silver Mine and is exploring its properties along the prospective South-Atlas Fault, several of which have hosted past-producing mines and historical resources.

Aya&s management team maximizes shareholder value by anchoring sustainability at the heart of its production, resource, governance, and financial growth plans.

For additional information, please visit Aya&s website at www.ayagoldsilver.comor contact:

Benoit La Salle, FCPA, MBA
President & CEO
benoit.lasalle@ayagoldsilver.com
Alex Ball
VP, Corporate Development & IR
alex.ball@ayagoldsilver.com

Forward-Looking Statements

This press release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws (“forward-looking statements&), which reflects management's expectations regarding Aya&s future growth and business prospects (including the timing and development of new deposits and the success of exploration activities) and other opportunities. Wherever possible, words such as “expand&, “Identify&, “extend&, “confirm&, “prospective&, “target&, potential&, “become&, “position&, “continue&, “potential&, “to complete&, and similar expressions or statements that certain actions, events or results “may&, “could&, “would&, “might&, “will&, or are “likely& to be taken, occur or be achieved, have been used to identify such forward-looking information. Specific forward-looking statements in this press release include, but are not limited to, statements and information with respect to the (1) confirmation of high-grade continuity along the Boumadine Main Trend and the extension of the Imariren mineralized trend to 1 kilometer; (2) identification of a new mineralized high-grade at-surface zone to the west for potential future exploration; (3) identification of the new prospective high-grade Asirem zone to the west of Boumadine Main Trend for potential future exploration; (4) identification of the Asirem gold-copper zone as a new prospective target; (5) potential of Boumadine to become a large-scale, high-grade project; (6) intention and readiness to quickly drill test the newly identified Asirem regional target; (7) mineralized structure at Boumadine to be traced over 9 kilometers, supporting future exploration potential; (8) continued demonstration of Boumadine&s significant resource growth potential; (9) high-grade continuity within the Main Trend and its continued potential for extension, as it remains open in all directions; (10) continuity in the Tizi Zone and the extension of mineralization at Imariren to 1.0 km; (11) potential for continued extension and exploration at the Tizi and Imariren zones, which remain open in all directions; (12) identification of the new Asirem high-grade surface mineralization; (13) intention to drill test the new Asirem high-grade surface mineralization in the coming months; (14) major mineralized structure to be traced for over 9 kilometers within the newly acquired western exploration permits, supporting future exploration potential; (15) potential to expand the Boumadine Main Trend, Tizi Zone, and Imariren Zone, all of which remain open in all directions; (16) execution of the planned 100,000 to 140,000 meter drilling program at Boumadine; (17) continuation and success of the exploration program, including the extension of mineralization; (18) advancement of the project toward a preliminary economic assessment; (19) focus of future drilling on greenfield exploration and testing of geological hypotheses and targets generated over the past three years; (20) expectation that ongoing geological work will guide and determine further development activities. Although the forward-looking information contained in this press release reflect management's current beliefs based upon information currently available to management and based upon what management believes to be reasonable assumptions, Aya cannot be certain that actual results will be consistent with such forward-looking information. Such forward-looking statements are based upon assumptions, opinions and analysis made by management in light of its experience, current conditions, and its expectations of future developments that management believe to be reasonable and relevant but that may prove to be incorrect. These assumptions include, among other things, the ability to obtain any requisite governmental approvals, obtaining regulatory permits for on-site work, importing goods and machinery and employment permits, the accuracy of Mineral Reserve and Mineral Resource Estimates (including, but not limited to, ore tonnage and ore grade estimates), silver price, exchange rates, fuel and energy costs, future economic conditions, anticipated future estimates of free cash flow, and courses of action. Aya cautions you not to place undue reliance upon any such forward-looking statements.

The risks and uncertainties that may affect forward-looking statements include, among others: the inherent risks involved in exploration and development of mineral properties, including government approvals and permitting, changes in economic conditions, changes in the worldwide price of silver and other key inputs, changes in mine plans (including, but not limited to, throughput and recoveries being affected by metallurgical characteristics) and other factors, such as project execution delays, many of which are beyond the control of Aya, as well as other risks and uncertainties which are more fully described in Aya's 2024 Annual Information Form dated March 31, 2025, and in other filings of Aya with securities and regulatory authorities which are available on SEDAR+ at www.sedarplus.ca. Aya does not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs, and opinions change. Nothing in this document should be construed as either an offer to sell or a solicitation to buy or sell Aya securities. All references to Aya include its subsidiaries unless the context requires otherwise.

Appendix 1 – Full Drill Results from Boumadine (core lengths)

DDH No.
From To Au Ag Length* Cu Pb Zn Mo Ag Eq**
(m) (m) (g/t) (g/t) (m) (%) (%) (%) (g/t) (g/t)
BOU-DD25-492 0.0 666.0 0.00 0 666.0 0.0 0.0 0.0 0 0
BOU-DD25-495 258.9 259.5 0.03 47 0.6 0.6 0.0 0.1 9 102
BOU-DD25-499 0.0 705.0 0.00 0 705.0 0.0 0.0 0.0 0 0
BOU-DD25-503 224.2 225.2 9.92 49 1.0 0.1 0.2 1.6 6 876
BOU-DD25-507 28.0 29.4 1.18 20 1.4 0.0 0.4 2.0 14 171
BOU-DD25-523 0.0 183.0 0.00 0 183.0 0.0 0.0 0.0 0 0
BOU-DD25-527 129.4 131.3 0.73 26 1.9 0.1 0.2 0.3 2 99
BOU-DD25-529 103.0 104.0 1.41 14 1.0 0.0 0.1 0.1 6 131
BOU-DD25-529 105.9 108.2 1.42 6 2.3 0.0 0.3 0.5 4 142
BOU-DD25-529 134.4 136.4 3.66 52 2.0 0.0 0.5 0.5 5 365
BOU-DD25-532 43.6 44.4 3.32 32 0.8 0.0 0.1 0.2 16 299
BOU-DD25-532 51.0 52.0 0.09 81 1.0 0.1 0.2 3.5 2 187
BOU-DD25-532 165.3 165.8 1.22 11 0.5 0.2 0.1 0.4 2 135
BOU-DD25-532 169.4 171.2 0.64 12 1.8 0.0 0.1 0.4 2 77
BOU-DD25-532 189.0 190.0 0.89 6 1.0 0.0 0.3 1.3 3 114
BOU-DD25-533 204.3 207.7 1.18 61 3.4 0.2 0.1 3.7 13 266
Including 206.1 207.7 2.19 87 1.6 0.3 0.2 5.9 13 436
BOU-DD25-534 0.0 114.0 0.00 0 114.0 0.0 0.0 0.0 0 0
BOU-DD25-535 230.5 231.5 0.48 9 1.0 0.0 0.2 0.8 1 72
BOU-DD25-537 65.6 70.0 0.92 29 4.4 0.1 0.1 0.4 6 118
BOU-DD25-537 104.2 104.8 0.33 44 0.6 0.0 1.2 1.5 4 135
BOU-DD25-537 108.5 109.0 0.24 42 0.5 0.0 0.5 1.0 8 102
BOU-DD25-537 119.9 124.3 1.46 30 4.4 0.0 0.2 0.8 119 174
BOU-DD25-538 203.5 204.3 0.23 74 0.8 0.1 0.2 1.7 2 147
BOU-DD25-538 264.0 266.0 0.66 5 2.0 0.0 0.0 0.0 2 60
BOU-DD25-539 80.2 81.0 0.90 1 0.8 0.0 1.1 1.1 7 128
BOU-DD25-539 85.7 86.3 0.89 373 0.6 0.3 0.5 13.7 4 816
BOU-DD25-539 113.0 113.9 0.46 11 0.9 0.0 0.4 1.1 2 86
BOU-DD25-540 69.0 71.0 3.27 53 2.0 0.2 5.2 1.1 3 480
BOU-DD25-540 164.2 165.1 0.90 11 0.9 0.1 0.0 0.1 8 93
BOU-DD25-540 330.5 331.5 2.59 332 1.0 0.3 0.7 0.2 2 582
BOU-DD25-541 111.8 112.9 0.78 52 1.1 0.0 0.2 1.5 9 159
BOU-DD25-541 133.5 134.2 2.16 1 0.7 0.0 0.2 0.2 114 184
BOU-DD25-541 165.7 166.3 1.02 3 0.6 0.1 0.1 0.1 1 93
BOU-DD25-541 255.7 256.5 0.93 1 0.8 0.0 0.2 0.4 1 89
BOU-DD25-542 22.4 23.0 0.84 13 0.6 0.0 0.3 0.3 20 96
BOU-DD25-542 36.0 37.0 0.87 1 1.0 0.0 0.3 0.4 5 86
BOU-DD25-542 177.3 179.0 0.80 1 1.7 0.0 0.3 0.5 14 86
BOU-DD25-542 182.0 183.0 0.66 1 1.0 0.0 0.4 0.6 12 76
BOU-DD25-543 200.0 201.0 0.68 6 1.0 0.0 1.0 1.6 4 124
BOU-DD25-543 223.0 224.0 0.48 11 1.0 0.0 0.6 1.5 2 103
BOU-DD25-544 31.9 44.2 0.31 60 12.3 0.0 1.1 1.9 4 161
BOU-DD25-544 55.0 56.0 0.38 35 1.0 0.0 0.7 1.9 1 130
BOU-DD25-545 130.8 131.8 0.60 32 1.0 0.2 1.2 3.2 14 205
BOU-DD25-545 134.2 136.6 0.52 25 2.4 0.2 0.9 1.1 5 127
BOU-DD25-545 177.8 178.5 0.46 23 0.7 0.1 1.3 2.9 6 170
BOU-DD25-545 242.0 244.4 1.48 23 2.4 0.2 0.6 1.5 6 206
BOU-DD25-545 368.4 369.3 0.50 16 0.9 0.0 0.1 1.2 1 88
BOU-DD25-546 22.1 22.8 0.95 37 0.7 0.1 1.1 7.1 11 320
BOU-DD25-546 41.7 42.6 0.38 21 0.9 0.0 0.5 1.2 4 91
BOU-DD25-546 57.0 59.7 0.57 53 2.7 0.0 1.8 1.8 6 189
BOU-DD25-546 62.4 63.3 0.45 26 0.9 0.0 1.2 1.8 9 137
BOU-DD25-546 79.4 82.1 0.55 78 2.7 0.1 1.6 1.8 7 209
BOU-DD25-547 69.3 73.0 0.72 22 3.7 0.0 0.3 0.7 4 106
BOU-DD25-547 86.3 86.8 0.20 69 0.5 0.0 0.4 1.5 3 134
BOU-DD25-547 97.8 98.6 0.74 26 0.8 0.0 0.5 1.0 2 123
BOU-DD25-547 117.0 126.0 0.42 80 9.0 0.0 1.8 3.6 5 248
BOU-DD25-548 0.0 294.0 0.00 0 294.0 0.0 0.0 0.0 0 0
BOU-DD25-549 176.5 184.0 0.40 38 7.5 0.0 0.8 0.9 4 112
BOU-DD25-549 186.0 187.7 0.32 34 1.7 0.0 1.5 3.2 8 176
BOU-DD25-550 40.2 40.8 0.44 82 0.6 0.0 0.7 1.6 13 173
BOU-DD25-551 95.5 100.0 0.47 36 4.5 0.0 0.8 1.0 8 116
BOU-DD25-552 54.6 55.9 1.19 21 1.3 0.0 0.2 0.2 3 128
BOU-DD25-552 123.4 124.1 0.41 19 0.7 0.0 0.1 0.4 6 64
BOU-DD25-552 161.5 163.0 1.01 13 1.5 0.0 0.2 0.5 14 110
BOU-DD25-552 166.6 168.1 0.69 117 1.5 0.0 1.8 2.7 8 282
BOU-DD25-553 102.1 102.9 0.28 30 0.8 0.0 0.2 0.7 4 75
BOU-DD25-553 286.3 287.8 0.73 108 1.5 0.3 2.2 4.8 3 361
BOU-DD25-554 222.0 223.9 0.58 58 1.9 0.1 1.4 2.6 6 207
BOU-DD25-554 224.9 226.5 0.29 34 1.6 0.0 0.9 1.6 9 119
BOU-DD25-555 171.8 172.8 0.54 9 1.0 0.0 0.0 0.1 10 55
BOU-DD25-556 24.7 30.5 1.73 2 5.8 0.0 0.0 0.1 12 141
BOU-DD25-556 45.1 46.1 0.06 122 1.0 0.0 0.1 0.3 32 136
BOU-DD25-557 212.0 213.0 0.40 25 1.0 0.0 0.0 0.1 2 60
BOU-DD25-557 214.7 215.2 6.38 126 0.5 0.1 1.8 0.7 3 697
BOU-DD25-557 222.2 222.8 2.30 21 0.6 0.0 0.4 1.0 1 236
BOU-DD25-557 234.3 235.0 1.35 27 0.7 0.1 0.6 1.8 3 196
BOU-DD25-557 246.3 247.0 2.52 30 0.7 0.2 0.4 0.7 5 273
BOU-DD25-557 258.7 259.9 1.99 20 1.2 0.0 0.5 0.9 17 210
BOU-DD25-557 266.6 268.4 2.32 34 1.8 0.1 0.1 0.1 5 231
BOU-DD25-557 270.5 271.0 1.71 29 0.5 0.1 0.1 0.2 6 181
BOU-DD25-560 82.0 83.0 1.19 9 1.0 0.0 0.0 0.0 10 104
BOU-DD25-560 90.3 91.0 1.19 9 0.7 0.0 0.0 0.0 9 103
BOU-MP25-024 0.0 200.0 0.00 0 200.0 0.0 0.0 0.0 0 0
BOU-MP25-025 151.0 152.0 0.06 57 1.0 0.0 0.6 2.5 16 138
BOU-MP25-025 164.0 165.0 0.40 17 1.0 0.0 0.1 0.5 13 63
BOU-MP25-026 13.0 14.0 0.80 5 1.0 0.0 0.6 0.1 14 86
BOU-MP25-026 238.5 243.2 0.58 36 4.7 0.1 1.3 7.2 12 296
BOU-MP25-026 252.0 254.0 0.47 16 2.0 0.0 1.1 1.2 15 115
BOU-MP25-026 317.0 318.0 1.12 2 1.0 0.0 0.1 0.1 2 96
BOU-MP25-026 326.0 327.0 1.53 4 1.0 0.0 0.1 0.4 2 137
BOU-MP25-028 392.1 396.4 3.27 19 4.3 0.1 0.1 0.3 8 286
Including 392.1 394.2 5.46 26 2.1 0.1 0.1 0.0 10 460
BOU-MP25-029 69.0 70.0 0.39 20 1.0 0.0 1.1 0.4 25 90
BOU-MP25-031 275.0 276.3 0.47 31 1.3 0.0 0.4 0.9 6 100
BOU-MP25-031 279.1 282.0 2.47 21 2.9 0.1 0.2 0.7 7 242
BOU-MP25-034 191.0 192.0 0.53 12 1.0 0.0 0.4 0.7 6 83
BOU-MP25-034 497.0 498.0 0.75 12 1.0 0.0 0.2 0.6 1 92
BOU-MP25-036 312.3 313.0 0.87 19 0.7 0.0 0.7 1.3 3 137
BOU-MP25-036 618.2 618.9 1.38 30 0.7 0.1 0.1 1.4 7 183
BOU-MP25-036 646.8 647.5 1.34 11 0.7 0.1 0.1 1.4 8 161
BOU-MP25-036 721.2 722.3 1.45 33 1.1 0.1 0.0 0.1 1 157
BOU-MP25-037 733.6 734.4 3.52 10 0.8 0.0 0.1 0.2 1 293
BOU-MP25-038 437.7 441.0 2.85 27 3.3 0.0 0.1 0.1 2 258
Including 437.7 439.0 6.13 65 1.3 0.1 0.2 0.3 2 563
BOU-MP25-038 453.9 457.6 1.66 2 3.7 0.0 0.0 0.2 4 139
BOU-MP25-038 907.6 908.3 3.29 84 0.7 0.2 0.6 1.4 5 408
BOU-MP25-039 164.0 166.0 0.24 161 2.0 0.0 0.2 0.3 5 192
BOU-MP25-039 419.4 420.1 0.52 16 0.7 0.0 0.1 1.5 7 101
BOU-MP25-039 466.0 467.0 0.97 12 1.0 0.1 0.6 1.2 14 136
BOU-MP25-039 521.0 525.0 2.86 13 4.0 0.0 0.1 0.2 1 246
Including 521.0 523.0 3.91 19 2.0 0.1 0.1 0.4 1 339
BOU-MP25-039 565.0 565.6 0.61 26 0.6 0.1 0.7 2.4 2 154
BOU-MP25-039 604.2 604.7 0.42 25 0.5 0.1 0.9 1.4 1 119
BOU-MP25-040 413.5 415.4 0.89 25 1.9 0.0 0.3 0.8 14 126
BOU-MP25-040 568.8 569.6 0.03 77 0.8 0.2 5.9 2.8 4 308
BOU-MP25-040 571.6 572.5 0.03 77 0.9 0.0 0.2 0.4 6 95
BOU-MP25-040 574.3 576.9 1.94 26 2.6 0.1 0.8 0.6 3 218
BOU-MP25-041 70.0 71.0 0.39 20 1.0 0.0 1.4 1.4 27 120
BOU-MP25-041 81.0 83.0 0.90 15 2.0 0.0 0.9 1.1 30 138
BOU-MP25-041 114.0 115.0 0.47 16 1.0 0.1 0.4 2.6 9 130
BOU-MP25-041 116.0 120.0 0.69 19 4.0 0.0 0.6 2.3 7 148
BOU-MP25-041 121.0 122.0 0.52 10 1.0 0.0 0.1 0.1 7 56
BOU-MP25-041 487.0 487.5 1.77 30 0.5 0.1 0.5 1.7 1 228
BOU-MP25-041 621.5 622.4 0.72 33 0.9 0.3 0.3 0.3 18 128
BOU-MP25-041 626.0 626.5 0.50 64 0.5 0.1 1.3 1.9 6 193
BOU-MP25-041 644.6 645.1 2.50 45 0.5 0.1 0.5 3.4 1 347
BOU-MP25-041 648.6 649.1 4.86 20 0.5 0.0 0.7 1.6 1 458
BOU-MP25-042 189.0 190.0 0.51 8 1.0 0.0 0.9 1.0 9 96
BOU-MP25-042 194.0 196.0 2.82 31 2.0 0.1 0.7 1.9 7 322
BOU-MP25-042 776.4 776.9 0.80 6 0.5 0.1 0.5 0.4 20 100

* True width remains undetermined at this stage; all values are uncut.

** Ag equivalent is based on a silver price of US$24/oz with a process recovery of 89%, a gold price of US$2,200/oz with a process recovery of 85%, a zinc price of US$1.20/lb with a process recovery of 72%, a lead price of US$1.00/lb with a process recovery of 85%, and a copper price of US$4.00/lb with a process recovery of 75% resulting in the following ratios: 1g/t Au: 77.9 g/t Ag; 1% Cu: 85.4 g/t Ag; 1% Pb: 24.2 g/t Ag; and 1% Zn: 24.6 g/t Ag.

Appendix 2 – New Drillhole Coordinates of 2025 Boumadine Exploration Program (completed holes)

DDH No. Easting Northing Elevation Azimuth Dip Length (m)
BOU-DD25-596 305278 3473693 1245 180 -50 156
BOU-DD25-597 305278 3473774 1240 180 -50 168
BOU-DD25-598 305278 3473868 1252 180 -50 216
BOU-DD25-599 317536 3476276 1212 250 -50 820
BOU-DD25-600 305278 3473946 1249 180 -50 237
BOU-DD25-601 304208 3473224 1349 180 -50 153
BOU-DD25-602 317338 3476969 1201 250 -50 846
BOU-DD25-603 304208 3473316 1320 180 -50 330
BOU-DD25-606 317171 3475739 1250 250 -50 543
BOU-MP25-070 317700 3476451 1208 250 -55 102
BOU-MP25-071 317612 3476303 1209 250 -55 126
BOU-MP25-072 317631 3476114 1231 250 -55 200
BOU-MP25-073 317440 3476157 1213 245 -55 36
BOU-MP25-074 317440 3476157 1213 245 -55 36
BOU-MP25-075 317385 3474168 1286 65 -50 12
BOU-MP25-076 317385 3474168 1286 65 -55 84
BOU-MP25-077 317316 3474143 1273 65 -55 102
BOU-MP25-078 317700 3476451 1208 250 -50 12
BOU-RC25-028 317142 3476181 1218 250 -55 192
BOU-RC25-029 317104 3476167 1219 250 -55 156
BOU-RC25-030 317065 3476153 1223 250 -55 200
BOU-RC25-031 332555 3487943 1033 315 -50 192
BOU-RC25-032 332337 3487819 1039 135 -50 200
BOU-RC25-033 331313 3486836 1069 135 -55 200
BOU-RC25-034 331286 3486864 1066 135 -50 200
BOU-RC25-035 335465 3471963 1183 180 -50 150
BOU-RC25-036 335464 3471922 1182 180 -50 144
BOU-RC25-037 335564 3471908 1190 180 -50 200
BOU-RC25-038 335564 3471955 1194 180 -50 12

Photos accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/d5680833-e2ce-4006-90ad-2a047964caac

https://www.globenewswire.com/NewsRoom/AttachmentNg/cf8b09d8-ea49-4323-8b24-b598e6607485

https://www.globenewswire.com/NewsRoom/AttachmentNg/b884ad1f-f454-4204-8685-f6fea6c3be99

https://www.globenewswire.com/NewsRoom/AttachmentNg/59603825-a692-49b7-8f86-03a2d76ec51b

https://www.globenewswire.com/NewsRoom/AttachmentNg/ba3dace5-398b-47da-a805-5b756fdd974f


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