Author: Date

(MENAFN– Newsfile Corp)
Rouyn-Noranda, Quebec–(Newsfile Corp. – May 21, 2025) – Radisson Mining Resources Inc. (TSXV: RDS) (OTCQB: RMRDF) (” Radisson ” or the ” Company “) is pleased to announce an expansion and extension of its current drill exploration program at its 100%-owned O’Brien Gold Project (” O’Brien ” or the ” Project “) located in the Abitibi region of Québec. This program expansion follows the recent completion of Radisson’s successful C$12 million financing and ongoing drilling that is demonstrating significant gold mineralization below the historic mine workings and the Project’s current Mineral Resources.

Exploration priorities will be as follows:

An additional 30,000 to 40,000 metres of drilling. Approximately 18,000 metres of the new drilling will be completed in 2025 on top of the already budgeted 22,000-metre 2025 program. The balance of the new drilling will be completed in 2026. A fourth rig will be added to the Project in June;

Expansion of the successful strategy of drilling beneath the historic O’Brien mine and the East O’Brien area of new Mineral Resources, to a depth of up to 2 kilometres (Figure 1);

Continuance of the successful strategy of pilot holes and multiple wedges to give clusters of intercepts within the favourable Piché formation with an objective of achieving a drill-hole density appropriate, at a minimum, for a future Inferred Mineral Resource ;

Stepping back and looking at broader exploration opportunities, including separate deep exploratory holes beneath the historic Thompson-Cadillac mine located west of the O’Brien mine. This will be the first drilling conducted at Thompson-Cadillac since 2020 and its first deep drilling ever.

Matt Manson, President & CEO, commented: “Since late last year, we have been achieving consistent success with our “proof-of-concept” strategy of drilling below the existing Mineral Resources at the O’Brien Gold Project with large step-outs. In particular, we are excited by what is developing with our drilling below the historic O’Brien mine workings, where multiple drill-holes have intersected high-grade gold within a large zone of multiple veins with good continuity. In Figure 2 we highlight the amount of coarse visible gold currently being logged in this drilling, both within holes with published assay results and those for which assay results are still pending. At this moment, we are in the process of greatly increasing the known scope of gold mineralization at O’Brien with each new hole. We believe an exploration target of between 3 and 4 million ounces is a reasonable objective for the Project should the style of mineralization we are seeing continue to our exploration horizon of 2,000 metres depth.”

Matt Manson continued: “Consequently, we are announcing today a considerably expanded effort to target these new areas of mineralization with additional deep drilling. In this news release we provide a discussion of the techniques we are using: pilot holes, wedges and directional drilling; and we provide a discussion of the context of our exploration: that O’Brien should not be considered a bespoke curiosity with impressive but localised high-grade gold, but is instead a broader system of mineralization with significant scale potential.”

Figure 1 : The O’Brien Gold Project, from Thompson-Cadillac/West O’Brien in the west through the O’Brien Mine to East O’Brien in long section and plan view, with current Mineral Resources.

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

Drilling Context: O’Brien Mineral Resources, Cut-offs and Future Mineral Resources

The 2023 NI 43-101 compliant Mineral Resource Estimate (” MRE “) for the O’Brien Gold Project (“Technical Report on the O’Brien Project, Northwestern Québec, Canada” effective March 2, 2023) comprises 0.50 million ounces of Indicated Mineral Resources (1.52 million tonnes at 10.26 g/t Au), and 0.45 million ounces of Inferred Mineral Resources (1.60 million tonnes at 8.66 g/t Au). This estimate utilizes a 4.5 g/t Au bottom cut-off, at US$1,600 per oz Au with a C$:US$ exchange of 1.25, and 85% metallurgical recovery, amongst other assumptions. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Historic production at the O’Brien Mine between 1926 and 1957 is estimated at 0.59 million ounces from 1.2 million tonnes at 15.25 g/t Au.

Figure 2 : Pilot hole and wedge clusters in the O’Brien Mine and East O’Brien Areas in the west to and Trend #3 in East O’Brien. Illustrates logged instances of visible gold in both published drill holes and completed drill holes with assays pending.

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In Radisson’s view, both the 2023 MRE and the historic mining represent “high-graded” estimates of actual gold content in their respective volumes. In the March 2023 Technical Report for the MRE, sensitivity estimates based on alternate cut-off grades were presented. Using a 3.0 g/t Au cut-off, the Indicated Mineral Resources sensitivity was 0.58 million ounces (2.12 million tonnes at 8.46 g/t Au) and the Inferred Mineral Resource sensitivity was 0.68 million ounces (3.67 million tonnes at 5.79 g/t Au), increases of 15% and 53% respectively in contained ounces over the MRE at a 4.5 g/t Au cut-off grade.

Radisson believes that the O’Brien Project should be evaluated on the basis of a lower cut-off grade, yielding more ounces in more tonnes with greater continuity at lower average grades. Radisson’s disclosure of drill results since 2024 has been based on an assumed cut-off grade of 3 g/t Au for intercepts with mineral resource potential, and Figures 1 and 2 graphically illustrate the MRE at multiple cut-offs including 3 g/t Au. With this view, and given the recent successful drilling below the current MRE and the historic mine, Radisson believes the exploration potential of the Project is between 3 and 4 million ounces should the current density of gold mineralization, in ounces per vertical metre, continue to a nominal exploration horizon of 2,000 metres depth.

By the end of the current program, Radisson will have completed an additional 80,000-90,000 metres of new drilling since the publication of the 2023 MRE. At this time the Company will assess the completion of an updated Mineral Resource estimate. To this end, current and future drilling will be designed to attain a drill-hole density appropriate, at a minimum, to an Inferred Mineral Resource.

Drilling Approach: Deep Pilot Hole + Wedge Drilling in O’Brien’s Core Area

Radisson’s deep drilling program employs a cost-effective and time-efficient strategy that leverages both wedge and directional drilling to generate multiple branches intersecting the prospective Piché Group formation. A full-time directional drilling team is integrated with contract drillers, enhancing precision in targeting and increasing operational flexibility. Drill-hole trajectories are monitored daily to ensure accurate deviation and allow for real-time adjustments. This system provides significant optionality for subsequent branches, enabling Radisson to adapt targets without compromising the integrity of the pilot hole for future exploration.

The O’Brien project has long been known for its occurrence of coarse gold. To address the challenges this presents in sample representativity, where for example, conventional fire assay may under-report grade by missing so-called “nuggets”, Radisson has implemented a screen metallics assay method in intervals containing or proximal to visible gold. As part of ongoing efforts to improve assay reliability and scalability, the Company will soon begin testing PhotonAssay technology. This next-generation technique offers a more advanced and comprehensive solution to the coarse gold challenge by enabling rapid, non-destructive analysis of larger sample volumes.

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.

About Radisson Mining

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 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 the closing of the Offering, the 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

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(MENAFN– Newsfile Corp)
Vancouver, British Columbia–(Newsfile Corp. – May 16, 2025) – Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQWN) (“Pacific Ridge” or the “Company”) is pleased to announce that, due to strong investor demand, the previously announced non-brokered private placement (the “Offering”) has been increased from $1,860,000 to $2,900,000.

Proceeds from the Offering will be used for a follow up drill program at the Company’s 100% owned RDP copper-gold project (“RDP”) and for general working capital. Drilling at RDP in 2022 returned 107.2 m of 1.39% copper equivalent* (“CuEq”) or 2.06 g/t gold equivalent**(“AuEq”) (0.63% copper, 1.10 g/t gold, and 2.91 g/t silver) within 497.2 m of 0.66% CuEq* or 0.97 g/t AuEq** (0.37% copper, 0.40 g/t gold, and 1.60 g/t silver)(see news release dated October 25, 2022). RDP is located in northcentral B.C., 40 km west of the Company’s flagship Kliyul copper-gold project (see Figure 1).

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

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

The Offering consists of units (“Units”) at a price of $0.14 per Unit and critical mineral flow-through units (“FT Units”) at a price of $0.17 per FT Unit. Each Unit is comprised of one common share of the Company and one common share purchase warrant (“Warrant”). Each FT Unit is comprised of one common share of the Company issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “FT Share”) and one Warrant. Proceeds from the sale of the FT Units will be used for “Canadian critical minerals exploration expenses” at Pacific Ridge’s B.C. projects. These expenditures will qualify as “critical mineral flow-through mining expenditures” within the meaning of the Income Tax Act (Canada).

Pacific Ridge previously announced closing of a first tranche of the Offering by issuing 1,632,430 Units and 618,823 FT Units for gross proceeds of $333,740.11. The Company expects to close the final tranche of the Offering on or about May 30, 2025. Pacific Ridge may pay finder’s fees of 7% cash on a portion of the Offering. In addition, the Company may issue finder warrants, exercisable for a period of 36 months, to acquire in aggregate that number of non-flow-through common shares of the Company which is equal to 7% of the number of Units and FT Units sold under the Offering at a price of $0.20. The Offering and payment of finder’s fees are subject to TSX Venture Exchange acceptance.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Pacific Ridge

Pacific Ridge is one of B.C.’s leading copper 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:

*CuEq = ((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).
**AuEq = ((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 RDP mineralization.
The Company estimates copper recoveries (CuR) of 84%, gold recoveries (AuR) of 70%, and silver recoveries (AgR) of 65% based on 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.

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.

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.

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, completing the Offering, and oversubscribing the Offering. 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.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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

SOURCE: Pacific Ridge Exploration Ltd.

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(MENAFN– GlobeNewsWire – Nasdaq) Material sent to 3rd party lab for analysis

MONTREAL, May 15, 2025 (GLOBE NEWSWIRE) — PyroGenesis Inc. (“PyroGenesis”) () (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), a high-tech company that designs, develops, manufactures and commercializes all-electric plasma processes and sustainable solutions to support heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts, announces today that further to its news release dated May 13, 2025 , and further to today’s press release from the Company’s client HPQ Silicon Inc. (“HPQ”), material produced during the latest phase of system testing of the Fumed Silica Reactor (the“FSR”) pilot plant has been successfully retrieved from the baghouse. The material, assumed to be fumed silica, has been sent to a 3^rd party laboratory for analysis. PyroGenesis has been engaged to develop the Fumed Silica Reactor by HPQ Silica Polvere Inc. (“Polvere”), a subsidiary of HPQ.

Image 1: actual material produced by fumed silica reactor and retrieved from baghouse.

As announced, the new PyroGenesis designed FSR pilot plant has progressed through several important stages. After successfully proving out the underlying assumptions using lab scale tests, PyroGenesis is now testing the assumptions at pilot plant scale, with the current focus on validating equipment scale-up from lab to pilot scale and replicating the lab-scale fumed silica product quality.

The achievements announced today were undertaken to produce, and then collect, fumed silica from the product recovery unit, known as the“baghouse”. If the 3^rd party lab analysis is successful, this would confirm (i) underlying assumptions that the PyroGenesis process can produce material for collection from within the baghouse of the system, (ii) that what has formed is what was expected, and (iii) that any impurities that are observed were not only anticipated but are also in a state that was expected and which can be removed.

This announcement today confirms that powder-like material assumed to be fumed silica was successfully produced and then collected from the baghouse and has been sent to a 3^rd party lab for analysis. The results are expected over the next several days.

“This is a welcomed result,” said P. Peter Pascali, President and CEO of PyroGenesis,“and we anxiously await the results from the 3^rd party lab to confirm, or otherwise, that we have achieved this key milestone.”

Fumed silica is one of the most widely used industrial materials, and can be found in thousands of products we use every day, including personal care, cosmetics, toothpaste, pet litter, powdered food, milkshakes, instant coffee, pharmaceuticals, agriculture (food & feed), adhesives, paints, inks, photocopy toner, sealants, fiber optic cables, thermal insulation, construction materials, and batteries, just to name a few. It is often used in these products as a thickening/anti-caking agent, used to stabilize and improve the texture and consistency of the end-product.

PyroGenesis’ involvement in developing fumed silica from quartz is part of its three-vertical solution ecosystem that aligns with economic drivers that are key to global heavy industry. Fumed powders are part of PyroGenesis’ Commodity Security & Optimization vertical, where the development of advanced material production techniques, and the use of technology such as plasma to recover viable metals, chemicals, and minerals from industrial waste, helps to maximize raw materials and improve the availability of critical minerals. The Company’s other verticals are Energy Transition and Emission Reduction and Waste Remediation .

About PyroGenesis Inc.

PyroGenesis, a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional“dirty” processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m² and 2,940 m² manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. PyroGenesis’ shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY1).

Cautionary and Forward-Looking Statements

This press release contains“forward-looking information” and“forward-looking statements” (collectively,“forward-looking statements”) within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as“plans”,“targets”,“expects” or“does not expect”,“is expected”,“an opportunity exists”,“is positioned”,“estimates”,“intends”,“assumes”,“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”,“will” or“will be taken”,“occur” or“be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.

Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under“Risk Factors” in PyroGenesis’ latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis’ profile on SEDAR+ at These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws.

Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release.

For further information please contact:
Rodayna Kafal, Vice President, IR/Comms. and Strategic BD
E-mail: …

A photo accompanying this announcement is available at:

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(MENAFN– PR Newswire)
Highlights

Large property package comprised of 12,229 Ha located 22 km southeast from Panuco and immediately south of the recently acquired San Enrique prospect (see press released dated April 16, 2024).

Fully permitted 350 tpd flotation plant that produces silver and gold from a northwest trending epithermal vein.

From 2020 through 2024, the Santa Fe mine processed 370,366 tonnes of ore at average head grades of 203 g/t silver and 2.17 g/t gold.

The project area is covered 100% with LiDAR and high-resolution aero-magnetic and radiometric surveys as well as detailed mapping and IP geophysics around the mine area.

Previous drilling campaigns completed by Aurico Gold and Fortuna Mining in 2014 and 2020, respectively, outlined the high-grade shoot currently being mined but also reported anomalous silver intercepts in four other target areas.

The producing Santa Fe mine and known vein prospects identified to date account for approximately 12% of the total property package.

“Vizsla Silver continues to expand its land position in western Mexico along the highly prospective Sinaloa Silver Belt with the acquisition of the producing Santa Fe mine,” stated Michael Konnert, President, and CEO. “With an option agreement now in place on the Santa Fe production concessions, Vizsla Silver has the potential to bolster its overall production profile well beyond the 20.2 million ounces AgEq of initial annual production envisioned for Panuco Project #1. This is supported by permitted operating infrastructure including a 350 tpd flotation plant and open-ended mineralized vein structures located right at surface. Furthermore, the mine production and historic drilling completed to date covers less than 12% of the overall Santa Fe property package. With previous geophysical surveys highlighting at least four key target areas outboard of the underground mine, the Santa Fe exploration concessions provide Vizsla Silver with increased exploration upside along trend of known mining centers. Although we continue to be active in terms of corporate development, the Company remains focused on delivering a feasibility study for Panuco in the second half of this year, with a goal of achieving first silver in the second half of 2027.”

About the Santa Fe Project

Mining at Santa Fe likely dates back to the Spanish era, based on a historic shaft and smelter-furnace discovered by the previous operator, Mr. Eduardo de La Peña, when he started mining historic waste dumps on the property in 2008. Approximately 20,000 tonnes of dump-material containing ~2.0 g/t gold and ~200 g/t silver were trucked to the El Coco mill in Panuco for processing (Pers. Comm. Eduardo de la Peña).

Between 2008 and 2014, Mr. de La Peña staked additional claims around the original Santa Fe mine and in 2014 drilled the first 1,000 meters on the property. In 2014, Oro de Altar (ODA, a subsidiary of Aurico Gold) optioned the property and conducted a high-resolution airborne survey, detailed mapping of the mine area and drilled 11,957 meters in 45 diamond drill holes. Aurico ́s drilling delineated a high-grade shoot along the main “Mother” vein, which motivated Mr. de la Peña to construct additional mine infrastructure including a 6 km long power line in 2016, and later, in 2018 a processing plant and underground mine. In 2020, Minera Cuzcatlan (subsidiary of Fortuna Silver Mines Inc.) optioned the property and drilled 7,547 metres in 17 holes and completed a LiDAR survey. Between 2020 and 2024 the Santa Fe plant processed 370,366 tonnes of ore with average head grades of 203 g/t silver and 2.17 g/t gold (Internal exploration and production reports provided by Eduardo de la Peña).

Transaction Terms

Option Agreement – Production Concessions

The Company entered into an option agreement (the ” Option Agreement “) dated May 14, 2025 with Mr. Eduardo de la Peña Gaitán, on his own behalf and in representation of Margarita Gaitán Enríquez, Mariano Pablo Fuente Chapoy, Industrial Minera Tres Tortugas, S.A. de C.V., Grupo Tres Tortugas, S.A. de C.V., Industrial Minera Sinaloa, S.A. de C.V. and Inca Azteca Gold, S.A. de C.V. (collectively, the ” Optionors “). Under the terms of the Option Agreement, Vizsla Silver has the option (the ” Option “) to acquire a 100% interest in certain production concessions (the ” Production Concessions “) comprising the Santa Fe Project over a five-year period.

The Company may exercise the Option by:

incurring exploration expenditures of US$4,000,000 on the Production Concessions according to the following schedule:

US$500,000 within 24 months of the effective date of the Option Agreement (the ” Effective Date “)

an additional US$500,000 within 36 months of the effective date of the Effective Date

an additional US$2,500,000 within 48 months of the effective date of the Effective Date

an additional US$500,000 within 60 months of the effective date of the Effective Date

paying to the Optionors a total cash consideration of US$1,500,000 according to the following schedule:

US$300,000 within 12 months of the Effective Date

an additional US$300,000 within 24 months of the Effective Date

an additional US$300,000 within 36 months of the Effective Date

an additional US$300,000 within 48 months of the Effective Date

an additional US$300,000 within 60 months of the Effective Date

issuing to the Optionors 1,373,390 common shares in the capital of the Company (the ” Option Shares “) according to the following schedule:

274,678 Option Shares within 12 months of the Effective Date

an additional 274,678 Option Shares within 24 months of the Effective Date

an additional 274,678 Option Shares within 36 months of the Effective Date

an additional 274,678 Option Shares within 48 months of the Effective Date

an additional 274,678 Option Shares within 60 months of the Effective Date

All Option Shares will be subject to a hold period expiring four months and one day after their date of issue pursuant to applicable Canadian securities laws. In addition, the Optionors have agreed to voluntary resale restrictions whereby 1/3 of the Option Shares will be released from voluntary resale restrictions 12, 24 and 36 months after their issue date. In addition to the voluntary resale restrictions, if at any time the Optionors wish to sell or otherwise dispose of an amount equal to or greater than 20,000 shares in a single day, or 100,000 shares over any five consecutive trading days, the Company will have a right of first refusal to purchase such shares. The Optionors must notify the Company in advance of any such sale, and the Company will have five business days to exercise its purchase right.

In addition, the Company agreed to pay 50% of the mining duties payable on the Production Concessions until the date that is 60 months after the Effective Date.

No finder’s fees were paid on the arm’s length Option Agreement.

Purchase Agreement – Exploration Concessions

The Company also entered into a purchase agreement (the ” Purchase Agreement “) dated May 14, 2025 with Mr. Eduardo de la Peña Gaitán (the ” Vendor “). Under the terms of the Purchase Agreement, Vizsla Silver agreed to purchase (the ” Purchase “) certain exploration concessions (the ” Exploration Concessions “) comprising the Santa Fe Project.

The Company may complete the Purchase by:

paying to the Vendor a total cash consideration of US$1,428,571 on the effective date of the Purchase Agreement (the ” Effective Date “)

issuing to the Vendor 2,746,780 common shares in the capital of the Company (the ” Purchase Shares “) within 15 calendar days of the Effective Date.

All Purchase Shares will be subject to a hold period expiring four months and one day after their date of issue pursuant to applicable Canadian securities laws. In addition, the Vendor has agreed to voluntary resale restrictions whereby 1/3 of the Purchase Shares will be released from voluntary resale restrictions 12, 24 and 36 months after their issue date. In addition to the voluntary resale restrictions, if at any time the Optionors wish to sell or otherwise dispose of an amount equal to or greater than 20,000 shares in a single day, or 100,000 shares over any five consecutive trading days, the Company will have a right of first refusal to purchase such shares. The Optionors must notify the Company in advance of any such sale, and the Company will have five business days to exercise its purchase right.

As part of the consideration under the Purchase Agreement, the Vendor will receive from the Company the processing plant known as El Coco plant, including associated assets, in-kind. The Company will provide an inventory valuation of the El Coco plant within 30 days of the effective date.

In addition, the Company agreed to pay 50% of the mining duties due on the Exploration Concessions which amounts to approximately US$394,682.

No finder’s fees were paid on the arm’s length Purchase Agreement.

The Option and Purchase are subject to applicable regulatory approvals, including the approval of the TSX and NYSE and the satisfaction of certain other closing conditions customary in transactions of this nature.

About the Panuco Project

The newly consolidated Panuco silver-gold project is an emerging high-grade discovery located in southern Sinaloa, Mexico, near the city of Mazatlán. The 7,189.5-hectare, past-producing district benefits from over 86 kilometres of total vein extent, 35 kilometres of underground mines, roads, power, and permits.

The district contains intermediate to low sulfidation epithermal silver and gold deposits related to siliceous volcanism and crustal extension in the Oligocene and Miocene. Host rocks are mainly continental volcanic rocks correlated to the Tarahumara Formation.

On January 6, 2025, the Company announced an updated mineral resource estimate for Panuco which includes an estimated in-situ combined measured and indicated mineral resource of 222.4 Moz AgEq and an in-situ inferred resource of 138.7 Moz AgEq (please refer to our Technical Report on Updated Mineral Resource Estimate and Preliminary Economic Assessment for the Panuco Ag-Au-Pb-Zn Project, Sinaloa State, Mexico, by Allan Armitage, Ben Eggers, Henri Gouin, Peter Mehrfert, James Millard, Sott Elfen and Jonathan Cooper dated February 20, 2025 and Vizsla’s press release dated January 6, 2025)).

About Vizsla Silver

Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. The Company recently completed a Preliminary Economic Study for Panuco in July 2024 which highlights 15.2 Moz AgEq of annual production over an initial 10.6-year mine life, an after-tax NPV5% of US$1.1B, 86% IRR and a 9-month payback at US$26/oz Ag and US$1,975/oz Au. Vizsla Silver aims to become the world’s leading silver company by implementing a dual track development approach at Panuco, advancing mine development, while continuing district scale exploration through low-cost means.

Qualified Person

In accordance with NI 43-101, Jesus Velador, Ph.D. MMSA QP, Vice President of Exploration, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.

Historical data disclosed in this news release relating to sampling results from previous operators are historical in nature. Neither the Company nor a qualified person has yet verified this data and therefore investors should not place undue reliance on such data. The Company’s future exploration work may include verification of the data. The Company considers historical results to be relevant as an exploration guide and to assess the mineralization as well as economic potential of exploration projects.

Information Concerning Estimates of Mineral Resources

The scientific and technical information in this news release was prepared in accordance with NI 43-101 which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the “SEC”). The terms “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” used herein are in reference to the mining terms defined in the Canadian Institute of Mining, Metallurgy and Petroleum Standards (the “CIM Definition Standards”), which definitions have been adopted by NI 43-101. Accordingly, information contained herein providing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar information made public by other U.S. companies subject to the United States federal securities laws and the rules and regulations thereunder.

You are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, “inferred mineral resources” are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures.

Canadian standards, including the CIM Definition Standards and NI 43-101, differ significantly from standards in the SEC Industry Guide 7. Effective February 25, 2019, the SEC adopted new mining disclosure rules under subpart 1300 of Regulation S-K of the United States Securities Act of 1933, as amended (the “SEC Modernization Rules”), with compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules replace the historical property disclosure requirements included in SEC Industry Guide 7. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources”. Information regarding mineral resources contained or referenced herein may not be comparable to similar information made public by companies that report according to U.S. standards. While the SEC Modernization Rules are purported to be “substantially similar” to the CIM Definition Standards, readers are cautioned that there are differences between the SEC Modernization Rules and the CIM Definitions Standards. Accordingly, there is no assurance any mineral resources that the Company may report as “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had the Company prepared the resource estimates under the standards adopted under the SEC Modernization Rules.

Website:

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release includes certain “Forward–Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward–looking information” under applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “would”, “could”, “schedule” and similar words or expressions, identify forward–looking statements or information.

Forward-looking statements in this news release include, but are not limited to, statements and information related to closing of the Option and the Purchase; anticipated benefits of the Option and the Purchase to the Company its shareholders; the receipt of required stock exchange and regulatory approvals for the Option and the Purchase; the ability of Option and the Purchase to satisfy the other conditions to, and to complete, the Option and the Purchase; the exploration potential of the Santa Fe Project, future mineral production; the merits and benefits to be derived from the Option and the Purchase and other statements regarding future plans, expectations, guidance, projections, objectives, estimates and forecasts, as well as statements as to management’s expectations with respect to such matters.

Forward–looking statements and forward–looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Vizsla Silver, future growth potential for Vizsla Silver and its business, and future exploration plans are based on management’s reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management’s experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold, and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Vizsla Silver’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

These statements reflect Vizsla Silver’s respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, 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 or forward-looking information and Vizsla Silver has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company’s dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company’s mining activities in Mexico; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding mineral resources and reserves; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities and artisanal miners; the Company’s ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption “Risk Factors” in Vizsla Silver’s management discussion and analysis. Readers are cautioned against attributing undue certainty to forward–looking statements or forward-looking information. Although Vizsla Silver has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Vizsla Silver does not intend, and does not assume any obligation, to update these forward–looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

SOURCE Vizsla Silver Corp.

MENAFN15052025003732001241ID1109552793

(MENAFN– Newsfile Corp)
Toronto, Ontario–(Newsfile Corp. – May 15, 2025) – Premium Resources Ltd. (TSXV: PREM) (OTC Pink: PRMLF) ( ” PREM ” or the ” Company ” ) announces that a surface drilling program is underway and provides details of the work program at its past-producing copper-nickel-cobalt-platinum group elements (” Cu-Ni-Co-PGE “) sulphide Selkirk mine (” Selkirk Mine “) in Botswana. The drilling program is designed to demonstrate resource expansion and metallurgical flowsheet development. These initiatives are aimed at de-risking the project to support future development decisions.

Highlights of Selkirk Work Program

Drilling program initiated – A 12-hole drill program is underway at Selkirk ( Figure 1 ), focused on twinning historical holes to validate legacy data, adding key data points to support a future resource model update, and resource expansion through continued resampling of historical core (See news release April 10, 2025 ).

Continued resampling of historical core – In 2024, 17 historical drill holes were resampled to obtain complete PGE analysis (See press releases dated October 28, 2024 , titled: “Selkirk Deposit Provides Strong Historic Drill Core Results Including 186.25 Metres of 1.65% CuEq “). An additional 34 historical holes have been identified for resampling.

Metallurgical program ongoing – Aimed at refining orebody domains and developing a more comprehensive, de-risked metallurgical model reflected in an updated Mineral Resource Estimate (” MRE “) and supporting studies.

Morgan Lekstrom, CEO of Premium Resources states: “Resampling the historical drill core has proven to be a cost-effective and impactful way to enhance our understanding of the Selkirk deposit. This phase of drilling will prove critical for resource reclassification as we rapidly advance toward restoring the project’s legacy resource estimate . We remain focused on accelerating Selkirk and positioning it for near future development.”

The surface drilling program will collect fresh HQ-sized core to support metallurgical flowsheet, generate material for preliminary X-ray Transmission (” XRT “) ore-sorting tests, and support the potential expansion and upgrade of the National Instrument 43-101 (“NI 43-101”) compliant 44.2Mt Inferred MRE to the Indicated category (see news release dated November 27, 2024 ).

Historical production at the Selkirk Mine took place between 1989 and 2002 with Anglo American mining high grade Cu-Ni massive sulphides and producing 1 million tonnes at 2.6% Ni and 1.5% Cu . Thereafter, in 2006, LionOre Mining International Ltd. (” LionOre “) published a technical report in accordance with NI 43-101 and more recently in 2013, Norilsk Nickel Africa commissioned GiproNickel Institute to calculate an updated mineral resource estimate in accordance with JORC Code (Joint Ore Reserves Committee) that demonstrated a historical resource of 128.4 Mt 0.21% Ni, 0.23% Cu Measured & Indicated / 123.8 Mt 0.17% Ni, 0.19% Cu Inferred (See Historical Estimates).

The Company will continue to provide regular updates as drilling activities progress and metallurgical test work advances.

Figure 1 and Figure 2

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

Premium Engages ICP Securities Inc.

The Company has engaged the services of ICP Securities Inc. (” ICP “) to provide automated market making services, including use of its proprietary algorithm, ICP PremiumTM, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes, which will be paid from the Company’s working capital. The agreement between the Company and ICP was signed with a start date of May 15, 2025, and is for four (4) months (the ” Initial Term “) and shall be automatically renewed for subsequent one (1) month terms (each month called an ” Additional Term “) unless either party provides at least thirty (30) days’ written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation securities issuable in connection with the engagement. ICP presently has no interest, directly or indirectly, in the Company or its securities. ICP and its clients may acquire an interest in the securities of the Company in the future.

ICP is an arm’s length party to the Company. ICP’s office is located at 204 – 251 Queens Quay East, Toronto, Ontario, M5A 0X3. ICP’s market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company’s shares. ICP will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities. The appointment of ICP is subject to approval by the TSX Venture Exchange.

Qualified Person

The scientific and technical content of this news release has been reviewed and approved by Sharon Taylor, Vice President Exploration of the Company, who is a “qualified person” for the purposes of National Instrument 43-101.

Technical Report

The Mineral Resource Estimate on the Selkirk Mine is supported by the technical report entitled “NI 43-101 Technical Report Selkirk Nickel Project, North East District, Republic of Botswana”, dated November 1, 2024 (with an effective date of January 10, 2025) (the ” Technical Report “) prepared by SLR Consulting (Canada) Ltd. for PREM. Reference should be made to the full text of the Technical Report for the assumptions, qualifications and limitations set forth therein, a copy of which is available on SEDAR+ ( ) under PREM’s issuer profile.

Historical Estimates

Certain of the mineral resource estimates referred to in this release are historical in nature and should not be relied upon as a current mineral resource estimate. While management believes that these historical mineral resource estimates could be indicative of the presence of mineralization on the Selkirk Mine property, a “qualified person” (for purposes of NI 43-101) has not completed sufficient work to classify the historical mineral estimates as a current mineral resource estimates and the Company is not treating the historical mineral estimates as current mineral resource estimates.

About Premium Resources Ltd.

PREM is a mineral exploration and development company that is focused on the redevelopment of the previously producing nickel, copper and cobalt resources mines owned by the Company in the Republic of Botswana.

PREM is committed to governance through transparent accountability and open communication within our team and our stakeholders. Our skilled team has worked over 100 projects collectively, accumulating over 400 years of resource discoveries, mine development and mine re-engineering experience on projects like the Company’s Selebi and Selkirk mines. PREM’s senior team members have on average more than 20 years of experience in every single aspect of mine discovery and development, from geology to operations.

For further information about Premium Resources Ltd., please contact:

Morgan Lekstrom
CEO and Director
…

Jaclyn Ruptash
Vice President, Communications and Investor Relations
…

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this release, forward looking information includes, but is not limited to: the implementation of the objectives, goals and future plans of the Company including the proposed advancement of the Selkirk Mine as currently contemplated; the anticipated ability of exploration activities (including drill results) to accurately predict mineralization; the timing of release of assay results; the timing and ability of the Company to implement its drilling, geoscience and metallurgical work on its properties and work plans generally, including metallurgical flowsheet development and preliminary XRT ore-sorting tests; the goal of the Company to define additional or upgrade existing mineral resource estimates on the Selkirk Mine in accordance with NI 43-101; the results of the exploration program at the Selkirk Mine and the timing and disclosures of the Company regarding same; the benefits of the Company’s approach to exploration; and management’s belief that the historical resource estimates disclosed in this news release could be indicative of the presence of mineralization on the deposits. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; the ability of exploration results to predict mineralization, prefeasibility or the feasibility of mine production; the risk that the Company will not be able to advance the Selkirk Mine as currently contemplated; the risk that the Company will not be able to define additional or upgrade existing mineral resource estimates on the Selkirk Mine in accordance with NI 43-101; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public disclosure record on SEDAR+ ( ) under PREM’s issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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.

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Figure 1: Location of planned drill holes

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Figure 2: Selkirk Mining License

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

SOURCE: Premium Resources Ltd.

MENAFN15052025004218003983ID1109552406

(MENAFN– PR Newswire)

Q1 2025 HIGHLIGHTS

Safety

Two lost-time injuries (“LTI”) and three total recordable injuries (inclusive of LTIs) (“TRI”) recorded.

12‐month rolling LTI and TRI frequency rates as of March 31, 2025 of 0.43 and 1.00 per million hours worked, respectively.

Mining

Mining activities focused on the Abore and Esaase deposits with 1.3 million tonnes (“Mt”) of ore mined at an average mined grade of 0.8 grams per tonne (“g/t”) gold and a strip ratio of 7.0:1.

Development of cut 3 at the Nkran deposit commenced ahead of schedule in February with 0.8 Mt of waste mined during the quarter.

Processing

The AGM processing plant was offline for a period of 14 days due to a key component of the Semi-Autogenous Grinding (“SAG”) mill requiring repairs, during which no gold was recovered. This shutdown reduced quarterly production by approximately 4,500 to 5,000 ounces. The repairs to the SAG mill were completed during Q1 2025.

1.1 Mt of ore was milled at an average feed grade of 0.8 g/t, with metallurgical recovery averaging 87%. Throughput remains constrained until a secondary crushing circuit is commissioned during Q3 2025.

Produced 20,734 ounces of gold.

Sold 26,994 ounces of gold at an average realized price of $2,833 per ounce (“/oz”).

Exploration

5,543 meters of infill drilling completed at the Abore deposit. Positive results led to discovery of a new high-grade zone immediately below the mineral reserve pit shell at the south end of the Abore Main pit. The infill drilling also increased confidence in the mineral reserve and mineral resource in the area in and around the known high-grade zone at the Abore South pit, while also increasing the strike length of this zone from 90m to 180m.

Cost and capital expenditures

Total cash costs¹ of $1,730/oz and all-in sustaining costs¹ (“AISC”) of $2,501/oz.

Sustaining capital expenditures of $1.3 million and development capital expenditures (excluding Nkran pre-stripping costs) of $3.3 million.

Capitalized development pre-stripping costs at Nkran cut 3 of $3.2 million.

Financial

Cash and cash equivalents of $106.4 million at March 31, 2025, and no debt.

Generated cash flow from operating activities of $25.9 million.

Income from mine operations of $15.4 million.

Net loss of $0.10 per common share and adjusted net income¹ of $0.01 per common share.

Adjusted EBITDA¹ of $19.0 million.

“Having completed the first quarter, our mining operations, including the commencement of stripping at Nkran, are ramping up according to plan. Production and costs realized in the first quarter are not reflective of management’s expectations for the balance of the year. Mill throughput and grade are planned to improve quarter on quarter and the secondary crusher commissioning remains on schedule,” said Matt Badylak, Galiano’s President and CEO. “Recent exploration results from Abore validate the high-grade zones within the existing Mineral Reserves and point to further expansion potential of the deposit at depth. Our team is focused on delivering a maiden underground resource at the AGM by year-end to build on our growth path as we look beyond our current life of mine.”

_____________

1 Refer to Non-IFRS Performance Measures

SUMMARY OF QUARTERLY OPERATIONAL AND FINANCIAL HIGHLIGHTS

	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024(2)
Health and safety
LTIs	2	1	–	–	–
12-month rolling LTI frequency rate	0.43	0.15	0.00	0.15	0.16
Mining
Ore mined (‘000t)	1,296	531	670	467	265
Waste mined (‘000t)	9,124	8,698	9,726	7,427	4,877
Strip ratio (W:O)	7.0	16.4	14.5	15.9	18.4
Average gold grade mined (g/t)	0.8	1.0	1.1	1.0	0.9
Mining cost ($/t mined)	3.36	3.41	3.52	2.98	3.63
Ore tonnes trucked (‘000 t)	1,053	685	665	503	566
Ore transportation cost ($/t trucked)	4.43	4.75	4.56	5.71	6.79
Processing
Ore milled (‘000t)	1,086	1,179	1,162	1,336	1,467
Average mill head grade (g/t)	0.8	0.9	0.9	0.7	0.8
Average recovery rate (%)	87	85	91	82	83
Processing cost ($/t milled)	14.37	15.84	12.49	11.18	10.55
G&A cost ($/t milled)	5.78	6.28	5.74	5.13	4.74
Gold produced (oz)	20,734	28,508	29,784	26,437	30,386
Capital expenditures
Sustaining capital ($m)	1.3	0.8	0.8	0.6	3.9
Development capital ($m)	3.3	2.0	4.0	2.3	2.0
Nkran cut 3 waste stripping ($m)	3.2	–	–	–	–
Financial, costs and cash flow
Revenue ($m)(3)	76.6	64.6	71.1	64.0	31.7
Gold sold (oz)(3)	26,994	24,673	29,014	27,830	14,912
Average realized gold price ($/oz)(3)	2,833	2,609	2,446	2,292	2,125
AISC ($/oz sold)(1)	2,501	2,638	2,161	1,759	1,793
Income from mine operations ($m)	15.4	21.8	26.4	25.1	6.2
Cash flow from operating activities ($m)	25.9	13.8	24.4	4.5	13.0
Free cash flow ($m)(1)	0.7	(3.1)	(1.6)	(9.7)	75.7
Adjusted net income ($m)(1)	3.4	5.1	17.7	7.3	6.5

(1) Refer to Non-IFRS Performance Measures.

(2) Health and safety, mining, processing, capital expenditures and AISC1 information for Q1 2024 are presented on a 100% basis for the AGM.

(3) The Company acquired Gold Fields Limited’s 45% equity interest in the AGM on March 4, 2024, thereby increasing the Company’s equity interest to 90% as of this date. The Company therefore consolidated the financial results of the AGM commencing on March 4, 2024. Prior to this date, the Company accounted for its previous 45% equity interest in the AGM by applying the equity method of accounting.

Mining

Development of the Abore pit continued during Q1 2025 with mined ore totaling 0.7 Mt, an increase of 32% from Q4 2024, at an average grade of 0.9 g/t. The strip ratio at Abore amounted to 7.5:1, a decrease of 54% from Q4 2024.

Recommenced mining operations at the Esaase deposit during Q1 2025 with mined ore totaling 0.6 Mt at an average grade of 0.8 g/t and a strip ratio of 5.1:1.

Commenced waste stripping of cut 3 at the Nkran deposit ahead of schedule in February 2025 with 0.8 Mt of waste rock was mined during Q1 2025. The mining contractor is expected to mobilize the majority of its fleet of mining equipment over 2025, which will result in higher volumes mined in 2026.

Mining cost per tonne at Abore and Esaase for Q1 2025 amounted to $3.31 per tonne (“/t”) compared to $3.63/t in Q1 2024. The decrease in mining unit rates was due to an 87% increase in total tonnes mined, which reduced fixed mining costs on a per unit basis. At Nkran, mining cost per tonne was $3.98 for Q1 2025, which included initial site establishment costs. Nkran waste stripping and site establishment costs were capitalized as development capital expenditures.

Processing

Gold production during Q1 2025 was impacted by a 14-day shutdown of the processing plant to repair a key component of the SAG mill, during which no gold was recovered. The plant shutdown is estimated to have resulted in lower gold production by approximately 4,500 to 5,000 ounces for the quarter. The repairs to the SAG mill were completed during Q1 2025.

The AGM produced 20,734 ounces of gold during Q1 2025, as the processing plant milled 1.1 Mt of ore at an average grade of 0.8 g/t with metallurgical recovery averaging 87%. While Q1 2025 gold production was lower than management’s expectations, the Company forecasts annual production will be near the lower end of the guidance range.

Gold production during Q1 2025 was impacted by lower milling rates, as mined and processed ore from Abore, which is harder and requires additional crushing and grinding, contributed to the reduction in mill throughput and gold production in Q1 2025 compared to Q1 2024.

The construction of a permanent secondary crushing circuit at the AGM processing plant remains ongoing. The objective of the secondary crushing circuit is to maintain plant throughput at design capacity when treating harder ore. This project is expected to be completed in Q3 2025.

Processing cost per tonne for Q1 2025 was $14.37, a 36% increase from Q1 2024. On an absolute basis, processing costs were consistent quarter-on-quarter. The increase in processing cost per tonne in Q1 2025 was driven by fewer tonnes milled, which increased fixed processing costs on a per unit basis.

Capital Expenditures

Development capital expenditures (excluding Nkran pre-stripping costs) during Q1 2025 totaled $3.3 million and related primarily to construction of the secondary crushing circuit.

$3.2 million in development pre-stripping costs were incurred at the Nkran deposit related to cut 3 waste removal and initial site establishment costs.

Costs

AISC¹ for Q1 2025 was $2,501/oz, compared to $1,793/oz in the comparative period. The increase in AlSC¹ was primarily driven by 15% lower gold sales volumes in Q1 2025. Also, during Q1 2024, low grade stockpiled ore was processed that had no accounting book value and, as such, had no mining cost attributed to it, which resulted in lower operating costs in the comparative quarter.

Relative to Q4 2024, AISC¹ decreased by 5% during the current quarter due to higher gold sales volumes in Q1 2025.

The Company expects AISC¹ for FY 2025 to come in at the higher end of the guidance range given the impact of the mill shutdown in Q1 2025 on estimated annual gold production. Additionally, the effect of higher royalties, resulting from higher realized gold prices and an increase in the Growth and Sustainability Levy, is estimated to impact FY 2025 AISC¹ by approximately a further $55/oz (at the current spot gold price).

CONSOLIDATED FINANCIAL HIGHLIGHTS FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

	Three months ended March 31,
(All amounts in 000’s of US dollars, unless otherwise stated)	2025	2024
Revenue	76,590	31,695
Income from mine operations	15,360	6,197
Net loss attributable to common shareholders	(26,806)	(3,208)
Net loss per share attributable to common shareholders	(0.10)	(0.01)
Adjusted net income attributable to common shareholders1	3,410	6,493
Adjusted net income per share attributable to common shareholders1	0.01	0.03
Adjusted EBITDA1	19,025	5,072
Cash and cash equivalents	106,381	130,804
Cash generated from operating activities	25,892	13,028

The Company sold 26,994 ounces of gold in Q1 2025 at an average realized gold price of $2,833/oz for total revenue of $76.6 million. The increase in revenue from the comparative period was due to an 81% increase in gold ounces sold and a 33% increase in realized prices. Gold ounces sold in Q1 2025 were higher than Q1 2024 as the Company only consolidated the financial results of the AGM from March 4, 2024 to March 31, 2024 in the comparative period.

Income from mine operations for Q1 2025 totaled $15.4 million, compared to $6.2 million in Q1 2024. The increase in mine operating income in Q1 2025 was due to consolidating the financial results of the AGM for a full quarter.

The Company reported a net loss attributable to common shareholders of $26.8 million in Q1 2025, compared to a net loss of $3.2 million in Q1 2024. The increase in net loss during Q1 2025 was due to a $26.1 million increase in unrealized losses on the AGM’s zero cost gold collar (“ZCC”) hedges and a $4.7 million increase in realized losses on ZCC gold hedges.

Reported Adjusted EBITDA¹ of $19.0 million in Q1 2025, compared to $5.1 million in Q1 2024. The increase in Adjusted EBITDA¹ was primarily due to consolidating the financial results of the AGM for a full quarter.

The Company generated $25.9 million of cash flow from operating activities in Q1 2025, compared to $13.0 million in Q1 2024. The increase in cash flow from operating activities was driven by consolidating the cash flows of the AGM for a full quarter.

As of March 31, 2025, the Company had cash and cash equivalents of $106.4 million and no debt.

This news release should be read in conjunction with Galiano’s Management’s Discussion and Analysis and the Unaudited Condensed Consolidated Interim Financial Statements for the three months ended March 31, 2025 and 2024, which are available at and filed on SEDAR+.

¹ Non-IFRS Performance Measures

The Company has included certain non-IFRS performance measures in this news release. These non-IFRS performance measures do not have any standardized meaning and therefore may not be comparable to similar measures presented by other issuers. Accordingly, these performance measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Refer to the Non-IFRS Measures section of Galiano’s Management’s Discussion and Analysis for an explanation of these measures and reconciliations to the Company’s reported financial results in accordance with IFRS.

Total Cash Costs per Gold Ounce Sold

Management of the Company uses total cash costs per gold ounce sold to monitor the operating performance of the AGM. Total cash costs include the cost of production, adjusted for by-product revenue and production royalties per ounce of gold sold.

AISC per Gold Ounce Sold

The Company has adopted the reporting of “AISC per gold ounce sold”. AISC include total cash costs, AGM general and administrative expenses, sustaining capital expenditure, sustaining capitalized stripping costs, reclamation cost accretion and lease payments made to and interest expense on the AGM’s mining and service lease agreements per ounce of gold sold.

EBITDA and Adjusted EBITDA

Earnings before interest, taxes, depreciation and amortization (“EBITDA”) provides an indication of the Company’s continuing capacity to generate income from operations before taking into account the Company’s financing decisions and costs of amortizing capital assets. Accordingly, EBITDA comprises net income (loss) excluding finance expense, finance income, depreciation and depletion expense, and income taxes. Adjusted EBITDA adjusts EBITDA to exclude non-recurring items and non-cash items (“Adjusted EBITDA”) and includes the calculated Adjusted EBITDA of the AGM joint venture for periods prior to the consolidation of its ownership. Adjusted EBITDA also adds back the Government of Ghana’s 10% share of the AGM’s net earnings (loss) as dividends will only be paid to shareholders of the AGM once the entity has positive retained earnings.

Free cash flow

The Company believes that in addition to conventional measures prepared in accordance with IFRS, management and certain investors and analysts use free cash flow to evaluate the Company’s performance with respect to its operating cash flow capacity to meet non-discretionary outflows of cash. The presentation of free cash flow is not meant to be a substitute for the cash flow information presented in accordance with IFRS, but rather should be evaluated in conjunction with such IFRS measures. Free cash flow is calculated as cash flow from operating activities, excluding one-time charges not indicative of current period cash flow performance, less cash flows used in investing activities and payments made to mining and service contractors for leases capitalized under IFRS 16.

Adjusted net income (loss) and adjusted net income (loss) per common share

The Company has included the non-IFRS performance measures of adjusted net income (loss) and adjusted net income (loss) per common share. Neither adjusted net income (loss) nor adjusted net income (loss) per share have any standardized meaning and are therefore unlikely to be comparable to other measures presented by other issuers. Adjusted net income (loss) excludes certain non-cash items or non-recurring items from net income (loss) to provide a measure which helps the Company and investors to evaluate the results of the underlying core operations of the Company and its ability to generate cash flows and is an important indicator of the strength of the Company’s operations and performance of its core business.

Qualified Person

The exploration information contained in this news release has been reviewed and approved by Mr. Chris Pettman, P.Geo, Vice President Exploration of Galiano. All other scientific and technical information contained in this news release has been reviewed and approved by Mr. Richard Miller, P.Eng., Vice President Technical Services of Galiano. Mr. Pettman and Mr. Miller are “Qualified Persons” as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Galiano Gold Inc.

Galiano is focused on creating a sustainable business capable of value creation for all stakeholders through production, exploration and disciplined deployment of its financial resources. The Company owns the Asanko Gold Mine, which is located in Ghana, West Africa. Galiano is committed to the highest standards for environmental management, social responsibility, and the health and safety of its employees and neighbouring communities. For more information, please visit .

Cautionary Note Regarding Forward-Looking Statements

Certain statements and information contained in this news release constitute “forward-looking statements” within the meaning of applicable U.S. securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws, which we refer to collectively as “forward-looking statements”. Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as “seek”, “expect”, “anticipate”, “budget”, “plan”, “estimate”, “continue”, “forecast”, “intend”, “believe”, “predict”, “potential”, “target”, “may”, “could”, “would”, “might”, “will” and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook.

Forward-looking statements in this news release include, but are not limited to: statements regarding the Company’s operating plans for the AGM and timing thereof; expectations and timing with respect to current and planned drilling programs, including at Abore, and the results thereof; anticipated production and cost guidance, including the expected impact of the SAG mill shutdown on gold production; timing of installation of a permanent secondary crushing circuit; expectations regarding cash flows from operations; any additional work programs to be undertaken by the Company; potential exploration opportunities and statements regarding the usefulness and comparability of certain non-IFRS measures; and total cash costs and corresponding cost performance relating to the Company’s activities. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited to: development plans and capital expenditures; the price of gold will not decline significantly or for a protracted period of time; the accuracy of the estimates and assumptions underlying mineral reserve and mineral resource estimates; the Company’s ability to raise sufficient funds from future equity financings to support its operations, and general business and economic conditions; the global financial markets and general economic conditions will be stable and prosperous in the future; the AGM will not experience any significant uninsured production disruptions that would materially affect revenues; the ability of the Company to comply with applicable governmental regulations and standards; the mining laws, tax laws and other laws in Ghana applicable to the AGM will not change, and there will be no imposition of additional exchange controls in Ghana; the success of the Company in implementing its development strategies and achieving its business objectives; the Company will have sufficient working capital necessary to sustain its operations on an ongoing basis and the Company will continue to have sufficient working capital to fund its operations; and the key personnel of the Company will continue their employment.

The foregoing list of assumptions cannot be considered exhaustive.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those anticipated in such forward-looking statements. The Company believes the expectations reflected in such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and you are cautioned not to place undue reliance on forward-looking statements contained herein. Some of the risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements contained in this news release, include, but are not limited to: the mineral reserve and mineral resource estimates may change and may prove to be inaccurate; metallurgical recoveries may not be economically viable; life of mine estimates are based on a number of factors and assumptions and may prove to be incorrect; actual production, costs, returns and other economic and financial performance may vary from the Company’s estimates in response to a variety of factors, many of which are not within the Company’s control; inflationary pressures and the effects thereof; the AGM has a limited operating history and is subject to risks associated with establishing new mining operations; sustained increases in costs, or decreases in the availability, of commodities consumed or otherwise used by the Company may adversely affect the Company; adverse geotechnical and geological conditions (including geotechnical failures) may result in operating delays and lower throughput or recovery, closures or damage to mine infrastructure; the ability of the Company to treat the number of tonnes planned, recover valuable materials, remove deleterious materials and process ore, concentrate and tailings as planned is dependent on a number of factors and assumptions which may not be present or occur as expected; the Company’s mineral properties may experience a loss of ore, and the Company may experience lack of access to its mineral properties and other issues, due to illegal mining activities; the Company’s operations may encounter delays in or losses of production due to equipment delays or the availability of equipment; outbreaks of COVID-19 and other infectious diseases may have a negative impact on global financial conditions, demand for commodities and supply chains and could adversely affect the Company’s business, financial condition and results of operations and the market price of the common shares of the Company; the Company’s operations are subject to continuously evolving legislation, compliance with which may be difficult, uneconomic or require significant expenditures; the Company may be unsuccessful in attracting and retaining key personnel; labour disruptions could adversely affect the Company’s operations; recoveries may be lower in the future and have a negative impact on the Company’s financial results; the lower recoveries may persist and be detrimental to the AGM and the Company; the Company’s business is subject to risks associated with operating in a foreign country; risks related to the Company’s use of contractors; the hazards and risks normally encountered in the exploration, development and production of gold; the Company’s operations are subject to environmental hazards and compliance with applicable environmental laws and regulations; the effects of climate change or extreme weather events may cause prolonged disruption to the delivery of essential commodities which could negatively affect production efficiency; the Company’s operations and workforce are exposed to health and safety risks; unexpected costs and delays related to, or the failure of the Company to obtain, necessary permits could impede the Company’s operations; the Company’s title to exploration, development and mining interests can be uncertain and may be contested; geotechnical risks associated with the design and operation of a mine and related civil structures; the Company’s properties may be subject to claims by various community stakeholders; current, ongoing and future legal disputes and appeals from third parties may be successful, and the Company may be required to pay settlement costs or damages; risks related to limited access to infrastructure and water; risks associated with establishing new mining operations; the Company’s revenues are dependent on the market prices for gold, which have experienced significant recent fluctuations; the Company may not be able to secure additional financing when needed or on acceptable terms; the Company’s shareholders may be subject to future dilution; risks related to changes in interest rates and foreign currency exchange rates; risks relating to credit rating downgrades; changes to taxation laws applicable to the Company may affect the Company’s profitability and ability to repatriate funds; risks related to the Company’s internal controls over financial reporting and compliance with applicable accounting regulations and securities laws; risks related to information systems security threats; non-compliance with public disclosure obligations could have an adverse effect on the Company’s stock price; the carrying value of the Company’s assets may change and these assets may be subject to impairment charges; risks associated with changes in reporting standards; the Company may be liable for uninsured or partially insured losses; the Company may be subject to litigation; damage to the Company’s reputation could result in decreased investor confidence and increased challenges in developing and maintaining community relations which may have adverse effects on the business, results of operations and financial conditions of the Company and the Company’s share price; the Company may be unsuccessful in identifying targets for acquisition or completing suitable corporate transactions, and any such transactions may not be beneficial to the Company or its shareholders; the Company must compete with other mining companies and individuals for mining interests; the Company’s growth, future profitability and ability to obtain financing may be impacted by global financial conditions; the Company’s common shares may experience price and trading volume volatility; the Company has never paid dividends and does not expect to do so in the foreseeable future; the Company’s shareholders may be unable to sell significant quantities of the Company’s common shares into the public trading markets without a significant reduction in the price of its common shares, or at all; and the risk factors described under the heading “Risk Factors” in the Company’s Annual Information Form.

Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in the forward-looking statements, you are cautioned that this list is not exhaustive and there may be other factors that the Company has not identified. Furthermore, the Company undertakes no obligation to update or revise any forward-looking statements included in, or incorporated by reference in, this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.

SOURCE Galiano Gold Inc.

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(MENAFN– GlobeNewsWire – Nasdaq)

TORONTO, May 14, 2025 (GLOBE NEWSWIRE) — Bitget Wallet , the leading non-custodial Web3 wallet, will take the spotlight as a Platinum Sponsor at the Blockchain Futurist Conference, North America’s flagship crypto and blockchain event, taking place on 13 May 2025. With a full lineup of programming and community activations, Bitget Wallet’s presence signals continued investment in ecosystem development, real-world utility, and inclusive Web3 innovation.

The event marks Bitget Wallet’s latest move in strengthening its North American footprint, bringing its growing product suite and ecosystem to one of the most influential stages in the industry. At 11:00 AM, Bitget COO Vugar Usi Zade took the stage for a featured session titled “Striking the Balance: UX vs Security in Crypto Exchanges”, where he will address one of the most critical challenges in crypto platform design.

“Our goal is to make Web3 accessible and practical for everyday users,” said Alvin Kan, COO of Bitget Wallet . “Being part of this year’s conference is not just about visibility, but about connecting with builders and users shaping the future of crypto. Whether it’s through on-chain tools, ecosystem support, or real-world use cases. Bitget Wallet is committed to delivering real utility across the crypto experience.” The appearance follows the launch of “Shop with Crypto,” a new in-app marketplace that enables users to spend cryptocurrencies directly on goods and services within the wallet, including gaming, travel, gift cards and more.

As part of its broader commitment to community-led change, Bitget Wallet’s global initiative Blockchain4Her also sponsored the ETHWomen Happy Hour, happening from 12:00 PM to 2:00 PM at the ETHWomen Stage & Gallery Room during the conference. Designed to foster authentic conversations and connections, the event offers a welcoming space for women in Web3 to network, share experiences, and build meaningful relationships. Attendees will receive limited-edition Blockchain4Her pins as part of a special charity activation – with Bitget Wallet donating $10 to a local women’s charity for every pin worn.

Later that evening, Bitget Wallet hosted Bitget Mixer Night at the iconic Old Toronto Stock Exchange, one of the most anticipated side events of the crypto week. Set in a venue where traditional finance meets decentralized innovation, the exclusive mixer will bring together top minds in crypto for an evening of cocktails, canapés, and conversation. Guests will get a closer look at the latest developments from Bitget Wallet while enjoying a high-energy environment designed for discovery and networking.

From the main stage to intimate side events, Bitget Wallet’s participation reflects a growing focus on community impact, utility-driven innovation, and inclusive growth across the Web3 ecosystem.

About Bitget Wallet

Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple, seamless and secure for everyone. With over 60 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, a DApp browser, and crypto payment solutions. Supporting 130+ blockchains, 20,000+ DApps, and a million tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets.

For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

For media inquiries, please contact …

A photo accompanying this announcement is available at

MENAFN14052025004107003653ID1109548904

(MENAFN– GlobeNewsWire – Nasdaq) VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) — Coppernico Metals Inc. (TSX: COPR, OTCQB: CPPMF) (“Coppernico” or the“Company”), is pleased to report the remaining assay results from its Phase 1 drill program at its Sombrero Project in Peru. The program, conducted through its wholly owned Peruvian subsidiary, Sombrero Minerales SAC, included 8,232.9 metres (“m”) of diamond drilling over 20 holes designed to test large-scale geophysical and geochemical anomalies within the Ccascabamba target area. The results confirm broad intervals of copper-gold mineralization supporting the technical team’s skarn-porphyry geological model and reinforcing the district-scale potential of the Sombrero Project. Drilling is now temporarily paused as the Company pursues expanded permits for access to priority targets.

Phase 1 Drill Program Highlights:

Large System: Drilling to date has not yet defined the limits of the skarn system, with mineralization and alteration vectoring high-priority opportunities well beyond the currently permitted area. Surface mapping, geophysical data and historical drilling suggest continuity and highlights the potential for the discovery of major extensions in future phases.

Notable Intercepts from Drill Holes 6-20:

25SOM-013 – 9.85 m @ 0.26% copper (“Cu”) and 0.46 g/t gold (“Au”)

25SOM-016 – 9.40 m @ 0.19% Cu

25SOM-017 – 18.10 m @ 0.18% Cu and 0.7 g/t Au

25SOM-018 – 21.85 m @ 0.22% Cu

24SOM-007 – 9.15 m @ 0.21% Cu

Intrusive Igneous Rock Architecture: Drilling to date has defined a complex network of causative intrusions, particularly around the Hojota area, where much of the Phase 1 drill program was focused.

Zonation and Controls: Mineralization appears to be controlled by an interplay of factors including proximity to causative intrusions, favorable host lithologies and zones of impermeability and structural complexity, including intersecting fault sets.

Robust Skarn Alteration: Alteration zones exceeding 300 meters in width have been defined, characterized by multiple skarn-forming events and broad breccia zones.

High-Priority Targets Beyond Current Permits: Several compelling targets lie outside the currently permitted drill polygon, where the data is pointing to even more prospective zones for future drilling.

Geological and geochemical results from the Phase 1 drill program (Table 1) demonstrate continuity of copper-gold mineralization across broad intervals and multiple zones. Prospective contact zones between intrusive rocks and limestone, highlighted by magnetic data (Figure 1), indicate strong exploration potential beyond the current drill permitted area (particularly at Chumpi and at Fierrazo, where historical drill holes show strong potential) which supports the decision to advance an expanded permit application that is actively progressing. Within the existing drill permit (notably at Hojota and Corrales), the intrusion–limestone contact zone has been only partly tested with widely spaced holes, these areas will remain targets for future drill phases.

Additionally, regional exploration programs are underway, designed to optimize the Company’s land position and advance a growing pipeline of high-impact exploration targets across the broader Sombrero Project. Further updates on this work are expected to be announced in the coming months as additional data becomes available.

Figure 1: Plan map of Phase 1 drilling at the Ccascabamba target area showing drill hole locations. Magnetics highlight prospective intrusion-limestone contacts, guiding follow-up at Fierrazo, Chumpi, Hojota and Corrales, pending data interpretation.

Ivan Bebek, Chair and CEO of Coppernico, stated, “As we deepen our understanding of the Sombrero system, our confidence in the size and potential of the broader district continues to grow. These early drill results confirm our belief that we are only beginning to unlock the value of this largely underexplored, yet highly promising, land package. Although our initial permitted polygon was quite limiting, we have been able to develop a strong pipeline of drill-ready targets across the property and eagerly await the surface data collection on new, high-grade skarn and porphyry targets. Our priority is to secure key permits which are underway, in order to position ourselves to drill the most robust outcropping areas in the next phase of drilling. We are looking forward to additional exploration results and permit advancements as we prepare for a busy second half of 2025.”

Drill holes 6 through 20 confirm the presence of an extensive, high-temperature copper-gold skarn system in the Ccascabamba target area. The results mark a major advancement in the Company’s understanding of this large target, which is predominantly covered by shallow overburden, revealing a robust and laterally continuous system with significant vertical extent. Importantly, geological and geophysical indicators beyond the current mineralized footprint suggest that the system may extend beyond the current permit boundary, reinforcing the potential for a district-scale discovery.

At Hojota, broad intervals of copper anomalism – such as +30-meter zones averaging approximately 0.1% Cu – have been encountered within massive garnet-pyroxene skarn. These zones appear to be laterally continuous over 1 kilometer with significant vertical continuity. Results are interpreted to reflect high-temperature mineralization proximal to causative intrusions, with localized grade enhancements near structural and lithologic traps, such as impermeable hornfels and faults (Figure 2).

Figure 2: Interpreted geologic cross-section through drill holes 7 and 18 looking NE.

“Initial drilling around the Ccascabamba target area has confirmed a significant skarn system, with mineralized alteration extending over 300 meters from the intrusion-limestone contact and vertical continuity of more than 400 meters,” said Tim Kingsley, VP Exploration .“These early indications confirm the presence of a large-scale system, comparable to some of Peru’s most prominent porphyry-skarn deposits, such as Antamina and Las Bambas. With an improved geological model in place, the technical team is now leveraging insights from Phase 1 drilling to refine targets and guide future systematic testing across this highly prospective system.”

Table 1: Length and Density Weighted Composited Drill Hole Highlights at Hojota Target

Hole ID	From (m)	To (m)	Interval (m)	Cu %	Au (g/t)	Ag (g/t)
24SOM-007	112.2	119.9	7.7	0.24	0.05	1.42
239.9	249.05	9.15	0.21	0.03	0.27
25SOM-013	33.65	43.5	9.85	0.26	0.46	1.42
25SOM-016	187.45	196.85	9.4	0.19	0.03	1.08
25SOM-017	221.5	239.6	18.1	0.18	0.7	1.93
298.5	305.7	7.2	0.21	0.03	0.49
25SOM-018	17	38.85	21.85	0.22	0.05	0.92
Length and specific gravity (density) weighted assay results. True thickness unknown at time of reporting. Nearly all other drill holes intersected geochemically anomalous intervals which are useful for understanding the larger mineralizing system, however they did not meet the Company’s minimum reporting guidelines. No more than 6 m internal dilution (reported values below 0.2% Cu and/or 0.2 g/t Au). Minimum reporting length of 7 m.

Regional Target Pipeline Expands

Coppernico continues to grow its pipeline of copper targets through ongoing mapping and sampling programs beyond the Ccascabamba target area (Figure 3). These efforts are refining the Company’s understanding of the broader Sombrero Property potential and informing the strategic advancement of exploration activities. Results of this work are expected to be released in the near future.

Nioc target area: Early results indicate scale and grade potential on par with the Ccascabamba target area. Recent fieldwork has identified a previously unrecognized skarn system approximately 1.5 kilometers north of Nioc, referred to as the Antapampa target, which may represent either an extension of the Nioc system or a new standalone discovery, underscoring the prospectivity of the area.

Tipicancha target: Grassroots exploration southwest of the Ccascabamba target area has outlined a newly recognized copper-mineralized hydrothermal system. This epithermal / porphyry target is being rapidly advanced toward drill-ready status.

Macha Machay and Cello targets: Early stage, 1:10,000 scale mapping has identified multiple, new sulphide bearing alteration systems within these claim groups and additional work is planned to reveal the scale and potential of these new epithermal / porphyry targets.

Figure 3: Identified target pipeline at various stages of exploration across the Sombrero Project, underscoring a target-rich district beyond Ccascabamba.

Permitting Progress: To support the next phase of drilling, the Company is actively advancing its permitting efforts to access high-priority targets located beyond the current drill permit boundaries. These expanded permits will enable broader systematic testing across both newly defined and previously identified highly prospective target areas.

Technical Disclosure and Qualified Person

The scientific and technical information contained in this news release was reviewed and approved by Tim Kingsley, M.Sc., CPG, Coppernico’s VP of Exploration, who is a“Qualified Person” (as defined in NI 43-101).

Quality Control

Analytical samples were taken by sawing HQ or NQ diameter core into equal halves on site and one of the halves was sent to the ALS Lab in Lima, Peru for preparation and analysis. Preparation included crashing core sample to 90% < 2mm and pulverizing 1,000 g of crushed material to better than 95% < 106 microns. All samples are assayed using 30 g nominal weight fire assay with atomic absorption finish (Au-AA23) and multi-element using four acid digest ICP-AES/ICP-MS method (ME-MS61). Where MS61 results were greater or near 10,000 ppm Cu, or 10,000 ppm Zn the assays were repeated with ore grade four acid digest method (Cu-OG62). QA/QC programs for 2024 core samples using internal standard samples, blanks, and duplicates, lab duplicates, lab standards, and lab blanks indicate good overall accuracy and precision.

ON BEHALF OF THE BOARD OF DIRECTORS

Ivan Bebek
Chair & CEO

For further information, please contact:

Coppernico Metals Inc.

Phone: +1 778 729 0600

Email: …

Website:

Twitter: @CoppernicoMetal

LinkedIn:

About Coppernico

Coppernico is a mineral exploration company focused on creating value for shareholders and stakeholders through diligent project evaluation and exploration in pursuit of the discovery of world-class copper-gold deposits in the Americas. The Company’s management and technical teams have a successful track record of raising capital, discovery and the monetization of exploration successes. The Company’s objective is to become a leading advanced copper explorer, and through its wholly owned private Peruvian subsidiary Sombrero Minerales S.A.C., is currently focused on the Ccascabamba (previously referred to as Sombrero Main) and Nioc target areas within the Sombrero Project in Peru, its flagship project, while regularly reviewing additional premium projects to consider for acquisition.

The Sombrero Project is a land package of approximately 102,000 hectares (1,020 square kilometres) located in the north-western margins of the world-class Andahuaylas-Yauri trend in Peru. It consists of a number of prospective exploration targets characterized by copper-gold skarn and porphyry systems, and precious metal epithermal systems. The Company’s NI 43-101 technical report, with an effective date of April 17, 2024, and as filed on SEDAR+ on May 23, 2024, focuses on the Ccascabamba and Nioc target areas of the Sombrero Project.

Coppernico Metals Inc. is currently listed on the Toronto Stock Exchange under the symbol “COPR” and trades on the OTCQB Venture Market under the symbol“CPPMF”. More information about the Company can be found on the Company’s profile on SEDAR+ ( ).

Cautionary Note

No regulatory organization has approved the contents hereof.

This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively,“ forward-looking statements ”). Forward-looking statements are often identified by terms such as“may”,“should”,“anticipate”,“expect”,“intend” and similar expressions and include, but are not limited to, statements with respect to: the Company’s drill plans, the interpretation of assay results, identifying targets for future exploration, the potential of the mineralization, the progress and approval of permits, the potential expansion of the mineralization beyond currently permitted areas, the temporary suspension of drilling and its anticipated resumption, and its financial position in the future. No certainty can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Readers should refer to the risks discussed in the Company’s 2024 Annual Information Form and other continuous disclosure filings with the Canadian Securities Administrators, available at . These factors are not, and should not be construed as being, exhaustive. Accordingly, readers should not place heavy reliance on forward-looking statements. The forward-looking statements contained in this new release are expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this news release. The Company does not undertake any obligation to publicly update or revise any forward-looking information after the date of this news release to conform such information to actual results or to changes in the Company’s expectations except as otherwise required by applicable legislation.

Figures accompanying this announcement are available at

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(MENAFN– GlobeNewsWire – Nasdaq) LONDON, Ontario, May 13, 2025 (GLOBE NEWSWIRE) — Aduro Clean Technologies Inc . (“ Aduro ” or the“ Company ”) (Nasdaq: ADUR ) (CSE: ACT ) (FSE: 9D5 ), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21^st century, today announced that it has entered into an agreement effective May 12^th, 2025 (the“ Agreement ”) with Generation IACP Inc. (“ Generation ”) to provide market making services in accordance with Canadian Securities Exchange (CSE) policies.

Under the terms of the Agreement, Generation will trade shares of the Company on the CSE and other trading venues with the objective of maintaining a reasonable market and improving the liquidity of Aduro’s common shares. The Agreement is for an initial term of six months and shall be automatically renewed for successive six-month periods unless terminated by either party with 30 days prior written notice.

Pursuant to the Agreement, Generation will receive a monthly fee of US$8,000 plus applicable taxes during the initial term. For the first renewal term, the monthly fee will be US$9,000 plus applicable taxes. Thereafter, the monthly fee will automatically increase annually by 3% on each anniversary of the Agreement. No stock options or other compensation are being granted in connection with the engagement.

Generation is arm’s length to the Company and does not own any securities of Aduro as of the date of this release; however, Generation and its clients may acquire an interest in the securities of the Company in the future. Generation’s market making activities will be primarily intended to correct temporary imbalances in the supply and demand of the Company’s shares. Generation will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities.

“We’ve seen growing interest in Aduro’s story from both institutional and retail investors,” commented Mena Beshay, CFO at Aduro.“The relationship with Generation IACP complements our capital markets strategy and supports our focus on accessibility, transparency, and long-term shareholder alignment.”

About Generation IACP Inc.

Generation IACP is based in Toronto, Ontario, and is an independently held and registered broker and member of the Investment Industry Regulatory Organization of Canada, the TSX-V, the Canadian Securities Exchange, and the NEO Exchange, and is a Participating Organization, as such term is defined in the rules and policies of the Toronto Stock Exchange.

About Aduro Clean Technologies

Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s HydrochemolyticTM Technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21^st century.

For further information, please contact:

Abe Dyck, Head of Business Development and Investor Relations
…
+1 226 784 8889

KCSA Strategic Communications
Jack Perkins, Senior Vice President
…

Forward-Looking Statements

This news release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events, or developments that the Company believes, expects, or anticipates will or may occur in the future are forward-looking statements. The forward-looking statements reflect management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements. The forward-looking statements in this release include, but are not limited to, the expected improvement in liquidity of Aduro’s shares, the terms and renewal of the Agreement, the fee structure, Generation’s market-making activities primarily to correct temporary imbalances in the supply and demand of the Company’s shares, the potential acquisition of the Company’s securities by Generation and its clients in the future, and the growing interest in Aduro’s story from both institutional and retail investors. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, adverse market conditions, the effectiveness of market-making activities, potential technological challenges, difficulties in raising adequate funds, and other factors beyond the control of the parties. The Company disclaims any intent or obligation to update or revise any forward-looking statements, except as required by applicable law.

A photo accompanying this announcement is available at

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(MENAFN– GlobeNewsWire – Nasdaq) MONTREAL, May 13, 2025 (GLOBE NEWSWIRE) — PyroGenesis Inc. (“PyroGenesis”) () (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), a high-tech company that designs, develops, manufactures and commercializes all-electric plasma processes and sustainable solutions to support heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts, provides the following update on the Fumed Silica Reactor project, which the company has been engaged to develop by HPQ Silica Polvere Inc. (“Polvere”), a subsidiary of HPQ Silicon Inc. (“HPQ”).

This update is provided as a result of PyroGenesis having received requests from interested parties for further clarity and updates on many elements with respect to the Fumed Silica Reactor Project. For the sake of good order, Mr. P. Peter Pascali, President and CEO of PyroGenesis, will address these requests in the following Q&A format. The questions are largely derived from inquiries received from interested parties, investors, analysts, and potential customers:

Question 1 :

First and foremost (i) what is fumed silica, and (ii) how is it currently manufactured?

Answer 1 :

Fumed silica is one of the most widely used industrial materials, and can be found in thousands of products we use every day, including personal care, cosmetics, toothpaste, pet litter, powdered food, milkshakes, instant coffee, pharmaceuticals, agriculture (food & feed), adhesives, paints, inks, photocopy toner, sealants, fiber optic cables, thermal insulation, construction materials, and batteries, just to name a few. It is often used in these products as a thickening/anti-caking agent, used to stabilize and improve the texture and consistency of the end-product.

Traditional production methods have been criticized for, amongst other things, being (i) expensive, (ii) dangerous, and (iii) harmful for the environment.

The following schematic outlines a common traditional production process:

As shown above, the conventional production process for fumed silica is a lengthy multi-step process, across several physical locations and, most importantly, requires the creation of a unique feedstock (as quartz cannot be fed directly into the conventional system for processing, it must first be combined and processed into the requisite feedstock). In addition, the process not only requires transportation of materials between various locations (thereby generating C02) but includes additional steps that use or produce hazardous/toxic chemicals and byproducts.

Not shown in the above schematic is the fact that the conventional method is very energy intensive, requiring between 100-120 kilowatt hours per kilogram (kWh/kg) of fumed silica produced (as compared to 8-12 kWh/Kg estimated for the system we are developing).

Question 2 :

How does (i) the Fumed Silica Reactor that PyroGenesis is building compare to the conventional method and (ii) what are the theoretical benefits of this new process?

Answer 2 :

The following is a schematic of PyroGenesis’ Fumed Silica Reactor production process:

This is a new process that we are carefully proving out one step at a time. There are no guarantees that we will be successful in our testing and, even if the testing is successful, that it will be a commercially viable endeavour.

The new process has the potential to benefit from semi-continuous fumed silica production directly from quartz, with no additional processes required to develop feedstock, no intermediary toxic chemical-based processing, a single production location (and no transportation), while at the same time using an all-electric plasma production technique. If commercially successful, this system could also result in lower capital and operating costs, and reduced CO2 emissions and energy footprint, when compared to the multi-step, traditional processing method shown above.

As a result of a process that is significantly reduced in steps, and which eliminates the use of chemicals, feedstock preparation/transformation, and transportation of material between facilities, the expected benefits of our fumed silica reactor process can generally be summarized as follows:

(1) Lower capital costs

(2) Lower operating costs

(3) Reduction of CO2 emissions

(4) Reduction in energy footprint

(5) Elimination of purchase and storage requirements for hazardous chemicals

(6) Simplified logistics/shortened production chain due to the single location, single system, single phase process, and the elimination of feedstock ingredient handling, storage, preparation/transformation, and transportation

(7) Safer production environment due to absence of dangerous, toxic, or explosive chemicals

Question 3 :

You stated that this is a new process that you are proving out. Where are you in this process?
What is left to be done? What are the key milestones we should look forward to for guidance?

Answer 3 :

Correct, this new process has never been done before and, as such, there is a possibility that it will not work or, if it does work, that it may not be commercially viable. Having said that, with every step we take further along the path of development, the probability of success increases.

The road to proving out such a theory is to first test the underlying assumptions within a lab scale environment. Once these assumptions are proven out in a lab scale setting, the next challenge is to confirm the lab scale findings in a pilot plant. Last but not least, is to then develop a commercial system to expand on the results of the pilot scale testing.

Although there are challenges throughout the process, typically the successful demonstration at pilot plant scale is the biggest challenge and one from which the inherent risk of the project is perceived to be greatly reduced. We consider this to be particularly true of our development program as we are attempting to scale up the pilot plant to 20X that of the lab scale system.

To date, the new PyroGenesis fumed silica reactor plant has already progressed through several critical stages. Originally designed as a batch system, it was redesigned into a simpler, more efficient, and easier-to-operate configuration with the added capability for semi-continuous operation.

We have successfully proven out the underlying assumptions at lab scale and are now testing the assumptions at pilot scale. The current focus is on validating equipment scale-up from lab to pilot scale and replicating the lab-scale fumed silica product quality.

An important phase of development, and where we are currently, is to produce and then collect fumed silica from the product recovery unit, known as the“baghouse”. This would confirm our underlying assumptions that the process can make fumed silica as expected. This is probably one of the most, if not the most, important milestones in the entire process. The thinking is that once you have overcome all the challenges to get to this point, then the remaining balance of challenges should be manageable.

Any powder-like material that is formed in the baghouse must first be collected and tested to confirm it is not only fumed silica but also whether there are any impurities with the produced powder. Once we observe the formation of what looks like fumed silica in the baghouse, the material will be collected and analyzed to ensure that what has formed is what was expected. That is to say, any impurities that are observed were not only anticipated by our theoretical assumptions but are also in a state that was expected and which can be removed.

Once the above is confirmed, a series of tests will be performed to make the fumed silica powder“customer-ready”.

Of note, Evonik, a global specialty chemicals company that manufactures a wide range of high-performance materials, has previously signed a letter of intent with PyroGenesis’ customer Polvere [news release dated July 9, 2024 ], with an objective to outline the basis of collaboration once suitable fumed silica powder was produced in the pilot plant scale phase. For more than 70 years, Evonik has been the producer of market leading fumed silica products.

The balance of the pilot plant program would then be focused on two goals: first, to focus on enhancing product purity to meet food and pharmaceutical grade standards, and second, to focus on delivering the production target of 50 tonnes per year (TPY).

Question 4 :

Last but not least…what is PyroGenesis’ economic incentive/involvement in this project specifically, and with HPQ in general?

Answer 4 :

PyroGenesis has:

(1) a 50% interest in Polvere,

(2) an exclusive arrangement to be the sole supplier of equipment relating to any commercialization of this new process,

(3) a 10% royalty on certain revenues at the HPQ level, and

(4) owns shares and warrants in HPQ.

PyroGenesis’ involvement in developing fumed silica from quartz is part of its three-vertical solution ecosystem that aligns with economic drivers that are key to global heavy industry. Fumed powders are part of PyroGenesis’ Commodity Security & Optimization vertical, where the development of advanced material production techniques, and the use of technology such as plasma to recover viable metals, chemicals, and minerals from industrial waste, helps to maximize raw materials and improve the availability of critical minerals. The Company’s other verticals are Energy Transition and Emission Reduction and Waste Remediation .

About PyroGenesis Inc.

PyroGenesis, a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional“dirty” processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m² and 2,940 m² manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. PyroGenesis’ shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY1).

Cautionary and Forward-Looking Statements

This press release contains“forward-looking information” and“forward-looking statements” (collectively,“forward-looking statements”) within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as“plans”,“targets”,“expects” or“does not expect”,“is expected”,“an opportunity exists”,“is positioned”,“estimates”,“intends”,“assumes”,“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”,“will” or“will be taken”,“occur” or“be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.

Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under“Risk Factors” in PyroGenesis’ latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis’ profile on SEDAR+ at These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws.

Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release.

For further information please contact:
Rodayna Kafal, Vice President, IR/Comms. and Strategic BD
E-mail: …

Photos accompanying this announcement are available at

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