Author: Date

(MENAFN– Newsfile Corp)
Calgary, Alberta–(Newsfile Corp. – February 26, 2025) – Suncor energy (TSX: SU) (NYSE: SU) has filed its 2024 Annual Report, 2024 Annual Information Form and 2024 Management Proxy Circular.

To view the company’s annual disclosure documents, visit Suncor’s profile on sedarplus or sec or visit Suncor’s website at suncor/financialreports .

Normal Course Issuer Bid (NCIB)

Additionally, the Toronto stock exchange (TSX) has accepted a notice filed by Suncor to renew its NCIB to purchase the company’s common shares through the facilities of the TSX, New York Stock Exchange and/or alternative trading systems in Canada and the U.S. The notice provides that, beginning March 3, 2025, and ending March 2, 2026, Suncor may purchase for cancellation up to 123,800,000 common shares, which is equal to approximately 10% of Suncor’s public float of 1,238,099,685 common shares as of February 18, 2025. On February 18, 2025, Suncor had 1,238,456,851 common shares issued and outstanding.

The actual number of common shares that may be purchased under the NCIB and the timing of any such purchases will be determined by Suncor. Suncor believes that, depending on the trading price of its common shares and other relevant factors, purchasing its own shares represents an attractive investment opportunity and is in the best interests of the company and its shareholders. The company does not expect the decision to allocate cash to repurchase shares will affect its long-term strategy.

Pursuant to Suncor’s previous NCIB, Suncor agreed that it would not purchase more than 128,700,000 common shares between February 26, 2024, and February 25, 2025. Between February 26, 2024, and February 25, 2025, and pursuant to Suncor’s previous NCIB, Suncor repurchased 61,065,792 shares on the open market for approximately $3.258 billion, at a weighted average price of $53.35 per share.

Subject to the block purchase exemption that is available to Suncor for regular open market purchases under the NCIB, Suncor will limit daily purchases of Suncor common shares on the TSX in connection with the NCIB to no more than 25% (2,017,894 common shares) of the average daily trading volume of Suncor’s common shares on the TSX during the previous six-month period (8,071,576 common shares). Purchases under the NCIB will be made through open market purchases at market price, as well as by other means as may be permitted by securities regulatory authorities. Suncor expects to enter into an automatic share purchase plan in relation to purchases made in connection with the NCIB on March 3, 2025.

Legal Advisory – Forward-Looking Information

This news release contains certain forward-looking information and forward-looking statements (collectively referred to herein as “forward-looking statements”) and other information based on Suncor’s current expectations, estimates, projections and assumptions that were made by the company in light of information available at the time the statement was made and consider Suncor’s experience and its perception of historical trends.

Forward-looking statements in this news release include statements about the NCIB, including the amount, timing and manner of purchases under the NCIB, that depending on the trading price of its common shares and other relevant factors, repurchasing its common shares represents an attractive investment opportunity and is in the best interest of the company and its shareholders, the expectation that the decision to allocate cash to repurchase shares will not affect its long-term strategy and the expectation that Suncor will enter into an automatic share purchase plan related to purchases made in connection with the NCIB.

Forward-looking statements and information are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Suncor. Suncor’s actual results may differ materially from those expressed or implied by its forward-looking statements, so readers are cautioned not to place undue reliance on them.

Suncor’s Annual Information Form, Annual Report to Shareholders and Form 40-F, each dated February 26, 2025, Suncor’s Report to Shareholders for the Fourth Quarter of 2024 dated February 5, 2024, and other documents it files from time to time with securities regulatory authorities describe the risks, uncertainties, material assumptions and other factors that could influence actual results and such factors are incorporated herein by reference. Copies of these documents are available without charge from Suncor at 150 6th Avenue S.W., Calgary, Alberta T2P 3E3; by email request to …; or by referring to suncor/FinancialReports or to the company’s profile on SEDAR+ at sedarplus or EDGAR at sec. Except as required by applicable securities laws, Suncor disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Suncor Energy is Canada’s leading integrated energy company. Suncor’s operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the U.S.; and the company’s Petro-CanadaTM retail and wholesale distribution networks (including Canada’s Electric HighwayTM, a coast-to-coast network of fast-charging EV stations). Suncor is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. Suncor also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. Suncor’s common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.

For more information about Suncor, visit our website at suncor .

Media inquiries:
833-296-4570
…

Investor inquiries:
…

To view the source version of this press release, please visit

SOURCE: Suncor Energy Inc.

MENAFN26022025004218003983ID1109254651

(MENAFN– Newsfile Corp)
Rouyn-Noranda, Quebec–(Newsfile Corp. – February 26, 2025) – Radisson mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) (” Radisson ” or the ” Company “) is pleased to announce additional drill assay results from its 100%-owned O’Brien Gold Project (” O’Brien ” or the ” Project “) located in the Abitibi region of Québec.

The seventeen drill holes reported were completed as part of the 35,000 metre, 2024 drill program designed to increase the scope of gold mineralization at the Project with a combination of deep and shallow drill holes. Prior to the end of last year, Radisson released the results of several deep drill holes which demonstrated high grade mineralization at substantial step-outs below the base of the current Mineral Resource and below the historic O’Brien Mine workings (see Radisson News Releases dated September 24, 2024 , October 30, 2024 and December 16, 2024 ). Today’s results represent shallower drilling at the margins, or within, the existing Mineral Resource over the Project’s “Trends 1, 2 and 3”. The new data continue to demonstrate the Project’s characteristic narrow and high-grade gold mineralization within quartz-sulphide veins.

Results Highlights:

OB-24-358 intersected 8.36 grams per tonne (“g/t”) gold (“Au”) over 15.0 metres within a broad mineralized interval with multiple veins, including 56.0 g/t Au over 1.0 metre and 41.1 g/t Au over 1.0 metre;

OB-24-327 intersected 10.32 g/t Au over 4.1 metres including 18.30 g/t Au over 1.5 metres;

OB-24-350 intersected 46.40 g/t Au over 1.0 metre;

OB-24-339 intersected 10.05 g/t Au over 1.3 metres; and

OB-24-351 intersected 9.89 g/t Au over 2.9 metres including 17.90 g/t Au over 1.4 metres

Matt Manson, President & CEO, commented: “We are reporting today results from drill holes completed during the fall as part of our 2024 drill program. They demonstrate the type of narrow high-grade intercepts within broader mineralized envelopes that are so characteristic of the O’Brien Gold Project and serve to fill out our interpretation of mineralization in and around the existing Mineral Resources. Our drilling priorities in 2024 represented a balance between shallower targets within the existing Mineral Resource model, and deeper step-outs geared to new discovery. The deep step-outs greatly exceeded our expectations. They included the deepest hole ever drilled at the Project, OB-24-337, which returned 31.24 g/t Au over 8 metres a full 500 metres beneath the historic mine workings, and OB-24-324 which returned 27.61 g/t Au over 6.0 metres 170 metres beneath the base of our “Trend #1”. The results for these deep drill holes were prioritised in the laboratory, so as to guide planning for the 2025 drill program, which is almost exclusively aimed at extending O’Brien’s gold mineralization to depth as well as following up on the recently re-discovered “Jewellery Box” zone. The 22,000 metre 2025 drill program is proceeding well with three rigs at site with a steady flow of results expected.”

Figure 1 : Long Section and Plan View of Gold Vein Mineralization and Mineral Resources at the O’Brien Gold Project, with Today’s Drill Holes Illustrated.

To view an enhanced version of this graphic, please visit:

Gold Mineralization at O’Brien

Gold mineralizing quartz-sulphide veins at O’Brien occur within a thin band of interlayered mafic volcanic rocks, conglomerates, and porphyric andesitic sills of the Piché Group occurring in contact with the east-west oriented Larder Lake-Cadillac Break (“LLCB”). Gold, along with pyrite and arsenopyrite, is typically associated with shearing and a pervasive biotite alteration, and developed within multiple Piché Group lithologies and, occasionally, the hanging-wall Pontiac and footwall Cadillac meta-sedimentary rocks.

Table 1 : Detailed Assay Results from Drill Holes OB-24-327 to OB-24-358

DDH	Zone		From (m)	To (m)	Core Length (m)	Au g/t – Uncut	Host Lithology
OB-24-327	Trend # 1		225.9	230.0	4.1	10.32	V3-S
Including	228.5	230.0	1.5	18.30	V3-S
	295.9	296.9	1.0	4.27	V3-CEN
OB-24-334	Trend # 2		296.5	300.6	4.1	3.63	V3-S
	320.7	322.7	2.0	6.69	V3-S/POR-S
OB-24-335	Trend # 2		339.2	345.7	6.5	4.28	V3-S
Including	340.7	343.2	2.5	7.93	V3-S
	413.5	415.6	2.1	4.34	V3-N
OB-24-339	Trend # 1		437.0	438.3	1.3	10.05	POR-S
	533.1	534.1	1.0	3.84	V3-N
	536.9	537.9	1.0	5.80	V3-N
OB-24-340	Trend # 3		304.1	305.6	1.5	6.80	PON-S3
OB-24-341	Trend # 1		541.7	543.0	1.3	6.50	S3P
OB-24-342	Trend # 3		325.3	326.3	1.0	3.67	V3-S
OB-24-344	Trend # 1		313.0	314.0	1.0	4.19	S1P
OB-24-345	Trend # 1		569.0	570.0	1.0	3.84	TX
OB-24-350	Trend # 1		20.5	21.5	1.0	46.40	V3-S
	94.4	96.6	2.3	3.71	V3-N
OB-24-351	Trend # 1		158.0	159.0	1.0	3.92	S1P
	183.5	186.4	2.9	9.89	TX
Including	185.0	186.4	1.4	17.90	TX
	190.3	191.0	0.7	4.22	V3-N
OB-24-358	Trend # 3		353.9	355.2	1.3	5.08	V3-S
	386.0	387.0	1.0	5.26	V3-S
	417.9	432.9	15.0	8.36	POR-N/V3-N
Including	417.9	418.9	1.0	41.10	POR-N
Including	430.9	431.9	1.0	56.00	V3-N
	456.5	458.0	1.5	3.92	ZFLLC

Notes on Calculation of Drill Intercepts:

The O’Brien Gold Project March 2023 Mineral Resource Estimate (“MRE”) utilizes a 4.50 g/t Au bottom cutoff, a US$1600 gold price, a minimum mining width of 1.2 metres, and a 40 g/t Au upper cap on composites. Intercepts presented in Table 1 are calculated with a 3.00 g/t Au bottom cut-off, representing the lower limit of cut-off sensitivity presented in the March 2023 MRE. This methodology differs from previous Radisson disclosure, and intercepts reported in this release may not be directly comparable to historical published intercepts. Sample grades are uncapped. True widths, based on depth of intercept and drill hole inclination, are estimated to be 30-80% of core length. Table 2 presents additional drill intercepts calculated with a 1.00 g/t bottom cut-off over a minimum 1.0 metre core length so as to illustrate the frequency and continuity of mineralized intervals within which high-grade gold veins at O’Brien are developed. Drill holes OB-24-328, OB-24-336, OB-24-338, OB-24-343 and OB-24-348 did not return any intercepts averaging above 3.00 g/t Au. Lithology Codes: PON-S3: Pontiac Sediments; V3-S, V3-N, V3-CEN: Basalt-South, North, Central; S1P, S3P: Conglomerate; POR-S, POR-N: Porphyry South, North; TX: Crystal Tuff; ZFLLC: Larder Lake-Cadillac Fault Zone

Figure 2 : Cross Section of Trend 1 including drill holes OB-24-327, 339, 350 & 351.

To view an enhanced version of this graphic, please visit:

As mapped at the historic O’Brien mine, and now replicated in the modern drilling, individual veins are generally narrow, ranging from several centimetres up to several metres in thickness. Multiple veins occur sub-parallel to each other, as well as sub-parallel to the Piché lithologies and the LLCB. Individual veins have well-established lateral continuity, with near-vertical, high-grade shoots developed over significant lengths.

The historic O’Brien mine produced over half a million ounces of gold from such veins and shoots at an average grade exceeding 15 g/t and over a vertical extent of at least 1,000 metres. Recent exploration has focussed on delineating well developed vein mineralization to the east of the historic mine, with additional high-grade shoots becoming evident in the exploration data over what has been described as a series of repeating trends (“Trend #s 0 to 5”).

Based on drilling complete to the end of 2022, the Project has estimated Indicated Mineral Resources of 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources of 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Table 2 : Detailed Assay Results (see “Notes on Calculation of Drill Intercepts”)

DDH	Zone		From (m)	To (m)	Core Length (m)	Au g/t – Uncut	Host Lithology
OB-24-327	Trend # 1		225.9	230.0	4.1	10.32	V3-S
Including	228.5	230.0	1.5	18.30	V3-S
	256.0	257.0	1.0	1.99	V3-S
	295.9	296.9	1.0	4.27	V3-CEN
OB-24-328	Trend # 1		327.1	330.1	3.0	1.31	S3P
OB-24-334	Trend # 2		296.5	300.6	4.1	3.63	V3-S
	320.7	322.7	2.0	6.69	V3-S/POR-S
	356.5	357.8	1.3	1.09	POR_N
OB-24-335	Trend # 2		200.5	202.0	1.5	1.01	PON-S3
	264.0	265.5	1.5	1.31	PON-S3
	339.2	345.7	6.5	4.28	V3-S
Including	340.7	343.2	2.5	7.93	V3-S
	360.1	361.6	1.5	2.06	V3-S
	373.0	374.0	1.0	1.19	POR-S
	394.6	406.1	11.5	1.09	POR-N/TX
	409.1	410.6	1.5	1.41	V3-N
	413.5	415.6	2.1	4.34	V3-N
OB-24-336	Trend # 2		200.0	201.1	1.1	1.06	PON-S3
	354.6	355.9	1.3	1.40	POR-S
	388.3	389.4	1.1	1.45	TX
	390.5	391.8	1.3	1.09	V3-N
OB-24-338	Trend # 1		456.7	463.5	6.8	1.37	POR-N/TX
	480.0	484.6	4.6	1.68	V3-N
OB-24-339	Trend # 1		412.4	415.1	2.7	1.88	V3-S
	430.1	431.1	1.0	1.55	V3-S
	437.0	438.3	1.3	10.05	POR-S
	471.7	473.0	1.3	2.29	S1P
	521.3	522.6	1.3	2.47	V3-N
	531.5	539.0	7.5	2.28	V3-N
Including	533.1	534.1	1.0	3.84	V3-N
Including	536.9	537.9	1.0	5.80	V3-N
OB-24-340	Trend # 3		302.1	303.1	1.0	1.12	PON-S3
	304.1	305.6	1.5	6.80	PON-S3
	397.0	400.8	3.8	1.03	V3-S
	409.4	410.9	1.5	1.60	V3-S
	469.2	470.4	1.3	1.19	POR-S
	491.8	493.6	1.8	1.67	V3-N
OB-24-341	Trend # 1		393.3	398.0	4.7	1.03	V3-S
	423.0	424.0	1.0	1.50	POR-S
	457.4	458.9	1.5	1.52	S1P
	472.3	475.3	3.0	1.33	S1P
	483.7	484.7	1.0	1.25	POR-N
	541.7	543.0	1.3	6.50	S3P
OB-24-342	Trend # 3		325.3	326.3	1.0	3.67	V3-S
	332.0	333.1	1.1	1.42	V3-S
	341.0	342.0	1.0	2.81	POR-S
	349.0	350.1	1.1	2.75	V3-CEN
	366.2	367.3	1.1	1.49	POR-N
OB-24-343	Trend # 3		135.5	137.0	1.5	2.93	PON-S3
	489.2	491.3	2.1	2.29	V3-C/S1P
OB-24-344	Trend # 1		195.0	196.5	1.5	1.24	PON-S3
	224.5	225.8	1.3	1.11	V3-S
	241.6	244.2	2.6	2.20	V3-S
	299.5	300.4	0.9	1.14	S1P
	311.0	314.0	3.0	2.03	S1P
Including	313.0	314.0	1.0	4.19	S1P
	322.8	323.8	1.0	1.25	POR-N
	356.5	358.0	1.5	1.28	S3P
OB-24-345	Trend # 1		227.0	228.0	1.0	1.04	PON-S3
	250.5	251.7	1.2	2.53	PON-S3
	493.5	494.5	1.0	1.57	POR-S
	512.0	513.0	1.0	1.67	S1P
	536.5	538.0	1.5	1.02	S1P
	566.0	571.5	5.5	1.72	TX
Including	569.0	570.0	1.0	3.84	TX
	584.9	586.4	1.5	1.77	S3P
	589.4	591.5	2.1	1.27	S3P
OB-24-348	Trend # 2		314.5	315.5	1.0	1.60	S1P
	332.8	334.1	1.3	1.55	POR-N
	344.0	345.0	3.8	1.08	V3-N
OB-24-350	Trend # 1		20.5	21.5	1.0	46.40	V3-S
	65.0	66.0	1.0	1.38	S1P
	71.5	73.5	2.0	1.26	S1P
	90.2	91.1	0.9	1.94	POR-N
	94.4	96.6	2.3	3.71	V3-N
OB-24-351	Trend # 1		139.1	141.9	2.8	1.12	POR-S
	158.0	159.0	1.0	3.92	S1P
	183.5	186.4	2.9	9.89	TX
Including	185.0	186.4	1.4	17.90	TX
	190.3	191.0	0.7	4.22	V3-N
OB-24-358	Trend # 3		318.0	319.0	1.0	2.09	PON-S3
	322.0	323.0	1.0	1.17	PON-S3
	353.9	355.2	1.3	5.08	V3-S
	386.0	387.0	1.0	5.26	V3-S
	401.4	402.4	1.0	1.76	POR-S
	417.9	432.9	15.0	8.36	POR-N/V3-N
Including	417.9	418.9	1.0	41.10	POR-N
Including	430.9	431.9	1.0	56.00	V3-N
	447.0	448.0	1.0	1.68	S3P
	456.5	458.0	1.5	3.92	ZFLLC

Table 3 : Drill Hole Collar Information for Holes contained in this News Release.

DDH	Zone	Easting	Northing	Azimuth	Dip	Hole Length (m)
OB-24-327	Trend # 1	693974	5345444	358	-57	321
OB-24-328	Trend # 1	693877	5345431	355	-57	339
OB-24-334	Trend # 2	694352	5345390	353	-63	396
OB-24-335	Trend # 2	694352	5345390	355	-67	438
OB-24-336	Trend # 2	694281	5345388	358	-64	417
OB-24-338	Trend # 1	693953	5345403	357	-74	498
OB-24-339	Trend # 1	693953	5345403	14	-72	549
OB-24-340	Trend # 3	694590	5345442	342	-75	506
OB-24-341	Trend # 1	693875	5345432	6	-74	563
OB-24-342	Trend # 3	694521	5345405	358	-63	405
OB-24-343	Trend # 3	694496	5345361	353	-71	537
OB-24-344	Trend # 1	693875	5345432	349	-60	372
OB-24-345	Trend # 1	694105	5345410	349	-76	608
OB-24-348	Trend # 2	694106	5345409	11	-59	384
OB-24-350	Trend # 1	693988	5345557	356	-49	120
OB-24-351	Trend # 1	693970	5345508	355	-47	191
OB-24-358	Trend # 3	694666	5345348	349	-60	460

QA/QC

All drill cores in this campaign are NQ in size. Assays were completed on sawn half-cores, with the second half kept for future reference. The samples were analyzed using standard fire assay procedures with Atomic Absorption (AA) finish at ALS Laboratory Ltd, in Val-d’Or, Quebec. Samples yielding a grade higher than 10 g/t Au were analyzed a second time by fire assay with gravimetric finish at the same laboratory. Mineralized zones containing visible gold were analyzed with metallic sieve procedure. Standard reference materials, blank samples and duplicates were inserted prior to shipment for quality assurance and quality control (QA/QC) program.

Qualified Person

Disclosure of a scientific or technical nature in this news release was prepared under the supervision of Mr. Richard Nieminen, P.Geo, (QC), a geological consultant for Radisson and a Qualified Person for purposes of NI 43-101. Mr. Nieminen is independent of Radisson and the O’Brien Gold Project.

Radisson Mining Resources Inc.

Radisson is a gold exploration company focused on its 100% owned O’Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25 million ounces of gold over the last 100 years. The Project hosts the former O’Brien Mine, considered to have been Québec’s highest-grade gold producer during its production. Indicated Mineral Resources are estimated at 0.50 million ounces (1.52 million tonnes at 10.26 g/t Au), with additional Inferred Mineral Resources estimated at 0.45 million ounces (1.60 million tonnes at 8.66 g/t Au). Please see the NI 43-101 “Technical Report on the O’Brien Project, Northwestern Québec, Canada” effective March 2, 2023, Radisson’s Annual Information Form for the year ended December 31, 2023 and other filings made with Canadian securities regulatory authorities available at for further details and assumptions relating to the O’Brien Gold Project.

For more information on Radisson, visit our website at or contact:

Matt Manson
President and CEO
416.618.5885
…

Kristina Pillon
Manager, Investor Relations
604.908.1695
…

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to planned and ongoing drilling, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the ability to incorporate new drilling in an updated technical report and resource modelling, the Company’s ability to grow the O’Brien project and the ability to convert inferred mineral resources to indicated mineral resources. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “interpreted”, “management’s view”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to the drill results at O’Brien; the significance of drill results; the ability of drill results to accurately predict mineralization; the ability of any material to be mined in a matter that is economic. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.

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.

To view the source version of this press release, please visit

SOURCE: Radisson Mining Resources

MENAFN26022025004218003983ID1109251776

(MENAFN– Newsfile Corp)
Vancouver, British Columbia–(Newsfile Corp. – February 25, 2025) – Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) (“Pacific Ridge” or the “Company”) is pleased to announce that it has been invited to display drill core from the Chuchi copper-gold project (“Chuchi”) at the 2025 PDAC Core Shack. Management will also be available to discuss the Company’s plans to drill the RDP copper-gold project (“RDP”) and to meet with potential joint venture partners for the Kliyul copper-gold project (“Kliyul”). Chuchi, RDP, and Kliyul are located in north-central B.C. (see Figure 1).

PDAC Core Shack

Pacific Ridge will be displaying Chuchi drill core on Sunday, March 2, and Monday, March 3, at booth # 3114A. To schedule a meeting to learn more about Chuchi, RDP, Kliyul or our plans for 2025, please email … .

Figure 1: Location of Pacific Ridge’s Copper-Gold Porphyry Projects

To view an enhanced version of this graphic, please visit:

Chuchi Highlights

Pacific Ridge completed 2,716 m in five diamond drill holes (CH-24-070 to CH-24-074) over a 750 m strike length across the BP Zone (“BPZ”) in its inaugural 2024 drill program at Chuchi.

Every drill hole intersected alkalic porphyry copper-gold mineralization consisting of chalcopyrite and pyrite hosted in breccias, veins and as disseminated mineral replacements.

Of the 89 historical drill holes completed at Chuchi, only one historical drill hole, drill hole CH-91-42, returned higher copper-gold equivalent values over the length of a mineralized intersection. The next four best were completed by Pacific Ridge. Further, drill hole CH-24-070 encountered the deepest mineralization to date at 420 m vertical depth

Drill hole CH-24-073 returned 65.0 m of 0.42% copper equivalent¹ (“CuEq”) or 0.63 g/t gold equivalent² (“AuEq”) (0.31% copper, 0.16 g/t gold, and 0.69 g/t silver) within 382.0 m of 0.27% CuEq¹ or 0.41 g/t AuEq² (0.19% copper, 0.12 g/t gold, and 0.47 g/t silver)(see news release dated November 25, 2024).

The last hole of the program, drill hole CH-24-074, was drilled near the interpreted centre of the system. The last 51.0 m returned 0.33% CuEq¹ or 0.48 g/t AuEq² (0.22% copper, 0.15 g/t gold, and 0.49 g/t silver). A subtle increase in copper-gold grade with depth, metal ratio signature, and highest MPIx (“MDRU Porphyry Index”) value of the program, suggests a vector towards a porphyry core.

BPZ is just one of several porphyry targets that occur within a six-kilometre-long porphyry trend, and it remains open laterally and to depth.

The program revealed there are at least two mineralized porphyritic intrusions at Chuchi, one in BPZ and another in the Digger Zone. Both are open laterally and at depth, and the Company believes these represent the upper part of a large porphyry copper-gold system.

Chuchi is a two-hour drive from Fort St. James and the 2024 drill program was completely ground-supported.

RDP Highlights

100% owned by Pacific Ridge, RDP was under option to Antofagasta Minerals S.A. from 2022 to 2024.

Located in B.C.’s Golden Horseshoe at the southern end of the Toodoggone District in north-central B.C., a prolific area for porphyry copper-gold exploration: Past-producing Kemess (2.975 Moz of gold and 749 Mlbs of copper produced from 1998 to 2011³), Kemess Underground (Measured and Indicated mineral resource containing 2.265 Moz gold and 779 Mlbs copper⁴), and Amarc Resources Ltd. recent high-grade porphyry copper-gold-silver discovery at AuRORA (drill hole JP-24-074 returned 108 m of 2.59% CuEq within 162 m of 1.90% CuEq⁵).

Five diamond drill holes, totaling 1,392 m, were completed at the Day target (“Day”) in 2022 with drill hole RDP-22-005 returning 107.2 m of 1.39% CuEq¹ or 2.06 g/t AuEq² (0.63% copper, 1.10 g/t gold, and 2.91 g/t silver) within 497.2 m of 0.66% CuEq² or 0.97 g/t AuEq² (0.37% copper, 0.40 g/t gold, and 1.60 g/t silver)(see news release dated October 25, 2022).

This was one of the best porphyry copper-gold intervals reported in B.C. in 2022.

Only two drill holes, totaling 987 m, were completed at Day in 2023. Drill hole RDP-23-007 was collared 330 metres northwest of RDP-22-005 and intersected 19.0 m of 0.45% CuEq¹ or 0.67 g/t AuEq² (0.32% copper, 0.19 g/t gold, and 1.08 g/t silver) at the bottom of the hole (see news release dated November 23, 2023), which supports Pacific Ridge’s interpretation of a tabular porphyry system with a steeply north-dipping pipe vectoring towards a larger porphyry source at depth.

Pacific Ridge doesn’t believe that the 2023 drill program adequately tested this interpretation.

Targeting the porphyry source at Day will be the focus of the 2025 RDP drill program.

Kliyul Highlights

100% owned by Pacific Ridge, the Company has spent ~$14.0 million on exploration at Kliyul since 2020.

Kliyul is over 90 km² in size and is located in the prolific Quesnel terrane close to existing infrastructure, ~8 km to the Omineca Resource Road and a 230 kV high-voltage power line.

A six-kilometre long porphyry copper-gold trend, comprised of favourable geology, geochemistry, alteration, and geophysics, exists at Kliyul but the Kliyul Main Zone (“KMZ”) has been the focus since 2021.

Drilling by Pacific Ridge has increased the mineralized extents of KMZ tenfold. Pre-2021, the mineralized extents measured ~350 m E-W x ~150 m N-S x ~400 m vertical depth. After the last round of drilling, the known mineralized extents measure ~760 m E-W x ~600 m N-S x ~650 m vertical depth. KMZ remains open to the North, West, East, Southeast, and at depth.

The best drilling result in 2021 was 316.7 m of 0.79% CuEq¹ and 1.17 g/t AuEq² (0.30% copper, 0.70 g/t gold and 2.17 g/t silver) within 566.7 m of 0.51% CuEq¹ and 0.75 g/t AuEq² (0.20% copper, 0.44 g/t gold and 1.39 g/t silver) from KLI-21-037 (see news release dated January 31, 2022).

The best drilling result in 2022 was 328.0 m of 0.64% CuEq¹ and 0.95 g/t AuEq² (0.25% copper and 0.57 g/t gold) within 526 m of 0.49% CuEq¹ and 0.74 g/t AuEq² (0.25% copper, 0.57 g/t gold and 1.25 g/t silver) from KLI-22-050 (see news release January 18, 2023).

The best drilling result in 2023 was 305.5 m of 0.59% CuEq¹ and 0.87 g/t AuEq² (0.23% copper, 0.51 g/t gold and 1.22 g/t Ag) within 540.3 m of 0.44% CuEq¹ and 0.65 g/t AuEq² (0.19% copper, 0.36 g/t gold and 0.65 g/t silver) from KLI-23-054 (see news release August 23, 2023).

Drill hole KLI-23-069, the last hole of the 2023 drilling program, returned 45.0 m of 0.58% CuEq or 0.86 g/t AuEq (0.38% copper, 0.28 g/t gold, and 2.20 g/t silver) within 570.0 m of 0.27% CuEq or 0.40 g/t AuEq (0.14% copper, 0.18 g/t gold, and 0.99 g/t silver)(see news release dated January 29, 2024). The 45 m interval, at 584 m downhole depth, is the deepest mineralized interval ever encountered at Kliyul and provides a northward and down-plunge vector for a higher-grade porphyry centre at KMZ.

Kliyul is available for joint venture.

About Pacific Ridge

Pacific Ridge is one of B.C.’s leading copper-gold exploration companies. The Company’s flagship asset is its 100% owned Kliyul copper-gold project, located in the Quesnel terrane close to existing infrastructure. In addition to Kliyul, Pacific Ridge’s project portfolio includes the RDP copper-gold project, the Chuchi copper-gold project, the Onjo copper-gold project, and the Redton copper-gold project, all located in British Columbia. Pacific Ridge would like to acknowledge that its B.C. projects are located in the traditional, ancestral and unceded territories of the Gitxsan Nation, McLeod Lake Indian Band, Nak’azdli Whut’en, Takla Nation, and Tsay Keh Dene Nation.

On behalf of the Board of Directors,

“Blaine Monaghan”

Blaine Monaghan
President & CEO
Pacific Ridge Exploration Ltd.

Investor Relations:
Tel: (604) 687-4951
Email: …
Website:
LinkedIn:
Twitter:

¹CuEq = ((Cu%) x $Cu x 22.0462) + (Au(g/t) x AuR/CuR x $Au x 0.032151) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Cu x 22.0462).
²AuEq = ((Au(g/t) x $Au x 0.032151) + ((Cu%) x CuR/AuR x $Cu x 22.0462) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Au x 0.032151).
Commodity prices: $Cu = US$3.25/lb, $Au = US$1,800/oz., and Ag = US$20.00/oz.
There has been no metallurgical testing on Chuchi, Kliyul or RDP mineralization. The Company estimates copper recoveries (CuR) of 84%, gold recoveries (AuR) of 70%, and silver recoveries (AgR) of 65% based on the average recoveries from Kemess Underground, Mount Milligan, and Red Chris.)
Factors: 22.0462 = Cu% to lbs per tonne, 0.032151 = Au g/t to troy oz per tonne, and 0.032151 = Ag g/t to troy oz per tonne.
³Witte, A., Bostwick, C., Skrecky, G., Bent, H., Jakubec, J., Volk, J., Major, K., and Corpuz, P., 2013. NI 43-101 technical report for the Kemess Underground project, British Columbia, Canada: Prepared by SRK Consulting (Canada) Inc. for AuRico Gold Inc., 249 p.
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5

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 release.

The technical information contained within this News Release has been prepared under the supervision of, and reviewed and approved by. Danette Schwab, P.Geo., Vice President Exploration of the Company, and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Forward-Looking Information: This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, are forward-looking statements. Forward looking statements in this news release include plans to drill RDP. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions; that at least one of the options will be exercised; that Pacific Ridge and other parties will be able to satisfy stock exchange and other regulatory requirements in a timely manner; that TSXV approval will be granted in a timely manner subject only to standard conditions; that all conditions precedent to the Agreements will be satisfied in a timely manner; the availability of financing for Pacific Ridge’s proposed programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law.

To view the source version of this press release, please visit

SOURCE: Pacific Ridge Exploration Ltd.

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(MENAFN– Newsfile Corp)
Scottsdale, Arizona–(Newsfile Corp. – February 21, 2025) – TriStar GoldInc. (TSXV: TSG) (OTCQB: TSGZF) (“TriStar” or the “Company”) is pleased to announce that it has closed the final tranche of its non-brokered private placement of up to 11,538,461 common shares announced in news releases dated January 13, 2025, and February 6, 2025 (the “Offering”). A total of 1,300,000 common shares of the Company were sold under the final tranche of the Offering, at a price of C$0.13 per common share for gross proceeds to the Company of C$169,000. With respect to the sale of this final tranche, a 3% finder’s fee of C$5,070 was paid to a Canadian based financial services firm.

In total, the Company sold 8,319,777 common shares for gross proceeds of C$1,081,571 with respect to this placement. The Company intends to use the net proceeds of the Offering for general working capital purposes and to further advance its Castelo de Sonhos gold project.

Please refer to the news release dated February 6, 2025 for full disclosure of all insiders and the early warning report with respect to this placement.

All securities issued in connection with the final tranche of the Offering are subject to a four month hold period expiring on June 22, 2025 in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The Offering is subject to final approval of the TSX Venture Exchange.

About TriStar

TriStar Gold is an exploration and development company focused on precious metals properties in the Americas that have the potential to become significant producing mines. The Company’s current flagship property is Castelo de Sonhos in Pará State, Brazil. The Company’s shares trade on the TSX Venture Exchange under the symbol TSG and on the OTCQB under the symbol TSGZF. Further information is available at .

On behalf of the Board of Directors of the Company:

Jessica Van Den Akker, Acting CEO and director

For further information, please contact:

TriStar Gold Inc.

Scott Brunsdon,
CFO
480-794-1244
…

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 release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-Looking Statements

Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation which are not historical facts and are made pursuant to the “safe harbour” provisions under the United States Private Securities Litigation Reform Act of 1995. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects” or “it is expected”, or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward looking statements in this press release include all statements regarding the planned use of proceeds of the Offering. Such forward-looking statements are based upon the Company’s reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause the Company’s plans to change include risks related to regulatory approval and permit challenges, changes in demand for and price of gold and other commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments in Brazil; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of the Company’s projects; risks of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves and resources; and the risks involved in the exploration, development and mining business. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH US NEWSWIRE SERVICES

To view the source version of this press release, please visit

SOURCE: TriStar Gold Inc.

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(MENAFN– Newsfile Corp)
Vancouver, British Columbia–(Newsfile Corp. – February 18, 2025) – South Pacific Metals Corp. (TSXV: SPMC) (OTCQB: SPMEF) (FSE: 6J00) (” SPMC ” or the ” Company “) is pleased to announce that that following the successful closing of its recent C$6.3 million financing , the Company is now set to proceed with extensive exploration programs across its 3,100 square kilometre (km²) portfolio of four gold-copper projects in Papua New Guinea.

Upcoming exploration activities at May River, Osena, Anga and Kili Teke Projects will include systematic sampling, trenching, and drilling to further define and expand the mineral potential of each property. These programs are designed to build on existing geological data, confirm high-priority targets, and plans to drill multiple targets and advance the projects toward potential resource delineation.

“We are excited and ready to move on the next phase of our exploration strategy with full financial backing,” said Michael Murphy, Executive Chair of SPMC. “With this funding secured, we can now aggressively advance our projects. While we are continuing with surface exploration programs to identify additional targets, next steps will involve drilling select targets and focusing on high-potential areas confirmed last year. Drill programs have been designed to capitalize on known project mineralization and to test new high-priority zones.”

Investor Relations

The Company also announces that, subject to the acceptance of the TSX Venture Exchange (the ” TSX-V “), it has engaged Danayi Capital Corp. (” Danayi “), an arm’s-length service provider, to provide certain investor relations and digital marketing services (the ” Services “) to the Company. Danayi is a marketing, advertising and public awareness firm based out of Vancouver, British Columbia, specializing in the mining and metals sector.

The Services are to be provided pursuant to a digital marketing agreement dated February 18, 2025 (the ” Agreement “) and will include digital media, marketing strategies, and advertising for a fee of US$50,000 for one trial month. Upon conclusion of the trial month, the Agreement is extendable at the Company’s option.

Danayi has no current interest, directly or indirectly, in the Company nor its securities, and has no right or intent to acquire such an interest while the Services are being performed.

About South Pacific Metals Corp.

South Pacific Metals Corp is an emerging gold-copper exploration company operating in the heart of Papua New Guinea’s proven gold and copper production corridors. With an expansive 3,100 km2 land package and four transformative gold-copper projects contiguous with major producers K92 Mining, PanAust and neighbouring Barrick/Zijin, new leadership and experienced in-country teams are prioritizing thoughtful and rigorous technical programs focused on boots-on-the-ground exploration to prioritize discovery across its portfolio projects: Anga, Osena, Kili Teke and May River.

Immediately flanking K92’s active drilling and gold producing operations to the northeast and southwest, SPMC’s Anga and Osena Projects are located within the high-grade Kainantu Gold District – each having the potential to host similar-style lode-gold and porphyry copper-gold mineralization as that present within K92’s tenements. Kili Teke is an advanced exploration project situated only 40 km from the world-class Porgera Gold Mine and hosts an existing Inferred Mineral Resource with multiple opportunities for expansion and further discovery. The May River Project is located adjacent to the world-renowned Frieda River copper-gold project, with historical drilling indicating potential for a significant, untapped-gold mineralized system. SPMC common shares are listed on the TSX Venture Exchange (TSXV: SPMC), the OTCQB Marketplace, and Frankfurt Stock Exchange (FSE: 6J00).

For further information please contact:

Michael Murphy, Executive Chair
South Pacific Metals Corp.
Tel: +1 604-428-6128
Email: …

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.

Disclaimer and Forward-Looking Information

This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact included herein, including without limitation, statements relating the future operations and activities of SPMC, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur or be achieved. Forward-looking statements in this news release relate to, among other things, statements in respect of the Company’s upcoming exploration programs and purposes thereof, including the potential of defining and expanding mineral potential, and the receipt of regulatory approval of the Agreement with Danayi for the provision of the Services. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by SPMC, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete proposed exploration work, the results of exploration, continued availability of capital, changes in general economic, market and business conditions, and the ability of the Company to obtain regulatory approval of the Agreement with Danayi. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. SPMC does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

To view the source version of this press release, please visit

SOURCE: South Pacific Metals Corp.

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