Arrowhead Property

Opawica holds drill permits covering 25 drill-pad locations and has outlined a strategy of about 10,000 metres of high-priority drilling. The 2022 program tested 13 targets; 11 of 14 holes returned gold zones above 1.0 g/t Au along about one kilometre of strike, and nine target zones from that program remain untested. The property adjoins Agnico Eagle’s LaRonde Complex.

Net proceeds of the August 2026 placement are to be used to drill new high-priority targets at Arrowhead (company news release, August 25, 2026).

Historic drill holes on the property intercepted 40 gold-copper mineralized zones, and fine visible gold was reported throughout the historical drilling and on surface. A 2015 geochemical survey showed VMS-style signatures and alteration.

Historical results predate Opawica’s work, are reported as core lengths as disclosed by the Company, and should not be relied upon as current results.

14 holes, 4,306 metres, 1,590 core samples.

• AR-22-04

  14.8 m at 1.52 g/t Au

  from 131.6 m

• AR-22-01

  0.35 m at 18.7 g/t Au

  with 0.72% Cu

• AR-22-14

  1.0 m at 3.91 g/t Au

Core lengths. Source: company news release, August 6, 2026.

Gold values above 0.5 g/t Au are spread over 800 metres east to west, from surface to 200 metres depth, in the western part of the property. Mineralization is open laterally and at depth.

• Drill hole compilation and 3D modelling
• Target generation with ALS GoldSpot Discoveries
• An M-PASS airborne survey
• A 2D seismic survey by Echo Geotechnical

Next step named by the Company: an induced polarization (IP) survey.

Arrowhead geology and drill hole locations.

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Long section looking north showing historic and 2022 drilling, open to the west and at depth.

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