Heliostar Metals Ltd. (TSXV: HSTR,OTC:HSTXF) (OTCQX: HSTXF) (FSE: RGG1) (‘Heliostar’ or the ‘Company’) is pleased to announce that it has been approved for graduation from Tier 2 to Tier 1 issuer status on the TSX Venture Exchange (the ‘TSXV’) effective September 12, 2025.

The TSXV classifies issuers into different tiers based on various factors, including financial performance, stage of development, and available resources. Tier 1 is the TSXV’s highest designation and is reserved for more advanced companies with significant financial resources. This upgrade signifies Heliostar’s continued growth and its commitment to providing long-term value for its shareholders.

About Heliostar Metals Ltd.

Heliostar aims to grow to become a mid-tier gold producer. The Company is focused on increasing production and developing new resources at the 100% owned La Colorada and San Agustin mines, and on developing the Ana Paula, Cerro del Gallo and San Antonio deposits in Mexico.

FOR ADDITIONAL INFORMATION PLEASE CONTACT:

Neither 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.

Cautionary Statement Regarding Forward-Looking Information

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. These forward-looking statements or information relate to, among other things, trading as a Tier 1 issuer on the TSX Venture Exchange.

These statements reflect the Company’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 the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: precious metals price volatility; risks associated with the conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding exploration and mining activities; 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; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises, ongoing military conflicts and general economic factors to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; 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 the Company’s public disclosure documents. Readers are cautioned against attributing undue certainty to forward-looking statements or forward-looking information. Although the Company 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. The Company 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.

This news release includes certain non-International Financial Reporting Standards (IFRS) measures. The Company has included these measures, in addition to conventional measures conforming with IFRS, to provide investors with an improved ability to evaluate the project and provide comparability between projects. The non-IFRS measures, which are generally considered standard measures within the mining industry albeit with non-standard definitions, 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. Cash costs (Cash Costs) are a common financial performance measure in the gold mining industry but with no standard meaning under IFRS. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate each project’s economic results in the technical reports and each project’s potential to generate operating earnings and cash flow. All-in Sustaining Costs (AISC) more fully defines the total costs associated with producing precious metals. The AISC is calculated based on guidelines published by the World Gold Council (WGC), which were first issued in 2013. In light of new accounting standards and to support further consistency of application, the WGC published an updated Guidance Note in 2018. Other companies may calculate this measure differently because of differences in underlying principles and policies applied. Differences may also arise due to a different definition of sustaining versus growth capital. Note that in respect of AISC metrics within the technical reports because such economics are disclosed at the project level, corporate general and administrative expenses were not included in the AISC calculations.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265721

Sranan Gold Corp. (CSE: SRAN) (FSE: P84) (Tradegate: P84) (‘Sranan’ or the ‘Company’) announces further high-grade channel samples from its ongoing trenching program at the Tapanahony Project in Suriname. The sampling is being conducted concurrently with diamond core drilling at the Randy trend on the project. An interval of 5 metres that averaged 8.9 gramstonne (gt)* gold was mapped and sampled (see Table 1). The trench is west of the previously announced trench 25RACH-001 (see news release dated August 7, 2025). Trenching is being used to extend mineralization at Randy’s Pit as well as the area of historical drilling by Iamgold. This trench is the western extension of previously sampled zones 150 metres south of Randy’s Pit (see Figure 1).

Mineralization is hosted within northeast striking sheared felsic intrusive lithologies within a siltstone-basalt sequence encountered at Randy’s Pit. This northeast-oriented mineralized interval is parallel to similar shears in trench 25RACH-002, where a grab sample of 57 g/t was taken. Trenches are being excavated south of Randy’s Pit to extend the Randy’s Pit mineralized corridor for future drilling. The observation of northeast shearing is further evidence of the complexity of the mineralized system, which is positive for gold mineralization.

Table 1: Mineralized zone in trench 25RACH-005.

*Cutoff of 1 g/t

Dr. Dennis LaPoint, EVP of Exploration and Corporate Development, commented: ‘Trenching is the ideal tool to continue to extend the near surface expression of gold mineralized on the Randy trend. Trenches are selected based on topography and geology to best sample saprolite (weathered bedrock). For this trench, we are resampling the mineralized interval and adjoining channel samples to verify results and understand assay variability.’

Figure 1: Recent drone image looking down eastward showing ongoing trenching on the Randy trend.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10997/265575_43753fbbb44e38cf_001full.jpg

Samples were prepared and assayed by Filab in Paramaribo, Suriname. All samples >2 g/t were re-assayed with 50-gram re-assay and gravimetric assay. Standard QA/QC procedures were followed which showed a satisfactory level of reproducibility. Reject samples will be sent to an independent lab for confirmation of assay results following standard procedures. Channel sampling, trenching and drilling are used to determine average grade and thickness. The Company notes that the channel samples may not represent true thickness of mineralization.

About Sranan Gold

Sranan Gold Corp. is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The highly prospective Tapanahony Project is located in the heart of Suriname’s modern-day gold rush. Tapanahony covers 29,000 hectares in one of the oldest and largest small-scale mining areas of Suriname.

Sranan Gold also owns the Aida Property consisting of five mineral claims within the Kamloops Mining Division in British Columbia, Canada.

For more information, visit sranangold.com.

Qualified Person

Dr. Dennis J. LaPoint, Ph.D., P.Geo. a ‘qualified person’ as defined under National Instrument 43‐101, has reviewed and approved the scientific and technical information in this release. Dr. LaPoint is not independent of Sranan Gold, as he is the Company’s EVP of Exploration and Corporate Development.

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

Forward-looking statements

Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the company’s current expectations regarding future events, performance and results and speak only as of the date of this release. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.

Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265575

–Well-Positioned for the Critical Minerals Supercycle–

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce that it has received initiation of equity analyst coverage by Alphabridge Group Inc. (‘Alphabridge’), a leading independent corporate finance advisory and research firm specializing in small and mid-cap companies with an outperform rating.

Alphabridge, based in Vancouver, Canada, is a corporate finance advisory firm that partners with growth companies to deliver strategic financial leadership across mergers & acquisitions (M&A), capital raising, valuation, and CFO services. In addition to its advisory practice, Alphabridge operates a dedicated equity research arm that focuses on providing independent coverage for companies operating at pivotal stages of development with significant growth potential. Alphabridge’s research is distributed through major institutional platforms, including S&P Capital IQ, FactSet, AlphaSense, and Thomson Eikon, as well as its newsletter with over 2,000 subscribers. Their coverage of Saga Metals is expected to highlight the Company’s strategic focus on its flagship Radar Ti-V-Fe Project in Labrador, Canada, and its emerging portfolio of critical mineral assets.

Their initiation report on Saga Metals, dated September 8, 2025, titled ‘Saga Metals Corp. (TSX.V: SAGA) – Initiating Coverage – Well-Positioned for the Critical Minerals Supercycle,’ underscores the Company’s potential to deliver value through its titanium-vanadium project.

The research report is available to view or to download from the firm’s websites: https://alphabridge.co/download-saga-metals-equity-research-report/ or upon written request sent to Alphabridge.

Alphabridge Group Inc.
Analyst: Vasant Jain, CFA
Email: vasant@alphabridge.co
Website: www.alphabridge.co

In addition, the research report will be disseminated through various third-party websites and major institutional platforms as outlined above.

Investors are encouraged to review the reports for detailed insights into Saga Metals’ projects and growth strategy. Alphabridge’s Initiation Research Report includes a third-party independent review of Saga Metals, an Enterprise Valuation Analysis and a Share Price Target completed by Alphabridge’s analyst, Vasant Jain, CFA.

The opinions expressed in the Research Report referenced above are the true opinions of the analyst about Saga Metals and its industry. Any ‘forward-looking statements’ are Alphabridge’s best estimates and opinions based upon information that is publicly available and that analysts believe to be correct but have not independently verified with respect to truth or correctness. There is no guarantee that the analyst’s forecasts will materialize. Actual results will likely vary. The analyst and Alphabridge do not own any shares of Saga Metals, do not make a market or offer shares for sale of Saga Metals, and do not have any investment banking business with Saga Metals. Although the Company has paid a fee to Alphabridge to subsidize the high costs of research and monitoring (just as fees are paid to bond-rating agencies and auditors for their opinions), the Company is not responsible for the content, accuracy or timelines contained in an analyst’s report, and the fee was not dependent on the opinion provided. In addition, readers should be aware, and are cautioned, that opinions, estimates, or forecasts contained in research analyst reports are not subject to the requirements of Canadian National Instrument 43-101 ‘Standards of Disclosure for Mineral Projects’ (‘NI 43-101’) and have not received any endorsement or approval by Saga Metals. As such, Saga Metals does not imply or in any way represent that any of the reports, opinions, estimates, or forecasts regarding Saga Metals made by research analysts comply with NI 43-101 or represent the opinions or beliefs of Saga Metals or its management or representatives. In addition to information filed by Saga Metals as found on SEDAR+ (www.sedarplus.ca), readers should only refer to the technical report(s) of Saga Metals relating to its projects for information about the projects prepared in accordance with NI 43-101. Alphabridge takes steps to ensure independence, including setting fees in advance and utilizing analysts who must abide by the CFA Institute Code of Ethics and Standards of Professional Conduct. Additionally, Alphabridge analysts may not trade in any security under coverage. Alphabridge’s full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, Saga Metals has agreed to a minimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated.

About the Radar Ti-V-Fe Project in Labrador, Canada

The Radar Project, located 10 km from Cartwright in southeastern Labrador, covers 24,175 hectares and encompasses the Dykes River intrusive complex, a Mesoproterozoic layered mafic intrusion similar to globally significant AMCG suites. It resembles high-grade vanadiferous titanomagnetite (VTM) systems like China’s Panzhihua and Norway’s Tellnes deposits ^{1 , 2} . The project features a large oxide layering thickness spanning an inferred 20 km strike length, near-monomineralic VTM composition, and extensive tenures, positioning it as a potentially globally significant VTM source.

Figure 1: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill program in the Hawkeye zone. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is overlaid by ground-based geophysics as shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

The Company has completed a successful year of exploration activities, including geophysical surveys, a maiden drill campaign, geological mapping, petrographic analysis, and strategic infrastructure upgrades, which have significantly advanced the understanding of the property’s potential. The culmination of these activities has revealed that the oxide-rich layering is expressed as a magnetic high anomaly across a strike length of more than 20 km, forming the core of exploration within the Hawkeye and Trapper zones.

Figure 2: Radar Project’s prospective oxide layering zone extends for an inferred 20 km strike length, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs .

SAGA’s 2025 Winter Drill Program at Radar:

Saga Metals completed a maiden 2,209-meter, seven-hole diamond drill campaign in the Hawkeye Zone, guided by 3D magnetic inversion and VLF-EM results. Drilling intersected broad zones of titanomagnetite-rich oxide layering with consistent grades of TiO2, V2O5, and Fe. The program identified a 300-400 m thick Lower Cumulate Layer within a 600 m tested thickness of layered gabbronorite, featuring interlayered gabbronorite and semi-massive to massive VTM bands. Highest V2O5 grades were in the lower 100-200 m, with length-weighted VTM averages of 20-35%, comparable to economic ranges in similar intrusions. Petrographic analysis confirmed preserved magmatic textures, supporting a robust interpretation of their geochemistry. These findings have significant implications for potential metallurgical simplicity and recovery efficiency.

From our assay results, we know the titanomagnetite mineralization is accompanied by vanadium. Ilmenite is almost entirely present as inclusions in magnetite. Similar to the Panzhihua deposit in China, VTM is expected to be recovered as a V-Ti-Fe concentrate. Panzhihua is the world’s largest single-site producer of Fe–Ti–V magnetite ore, resulting in a significant production volume of 40–50% of global vanadium supply, making it #1 globally ² . The vertical integration of its production is primarily focused on the igneous layers of VTM.

In the case of Saga’s Radar project, the content of VTM is estimated from core observations and the modeling of the Hawkeye Zone 2025 drilling assay data. Pending are metallurgical tests to confirm the recoverable VTM and grades of concentrate.

Hawkeye Zone – Significant Drill Intersections

Maximum VTM is based on about a minimum 10 m interval
All intervals are within the Lower Cumulate Layer

Table 1: Lower Cumulate Layer highlighting the length of VTM intersections.

Table 2: Summary of Saga Metals Radar Project 2025 drill results on the Hawkeye zone with VTM calculation & classification

SAGA’s 2025 Summer Exploration Program at Radar:

Following drilling, Saga expanded geophysics in the Trapper and Northwest Zones, confirming a 3.3 km continuous magnetic anomaly in Trapper with readings up to 115,498 nT, open along strike. Infrastructure upgrades included clearing a logging road and building a 4 km access trail, enabling 504 square meters of trenching that exposed semi-massive and massive mineralization at the surface.

Figure 3: Radar Project’s Trapper Zone depicting a 3 km magnetic anomaly and oxide layering trend. The Trapper Trail (in black) will support a new diamond drilling program.

Community support remains a cornerstone of the Company’s operations in Labrador. In April 2025, the Town of Cartwright issued an official letter of support for SAGA and its ongoing exploration efforts at Radar. The Company has maintained a collaborative relationship with local stakeholders and engaged community members directly in field operations, exemplified by the involvement of Cartwright-based personnel in geophysical surveys and logistical operations. The town’s proximity to the project provides reliable all-season road access, deep-water port facilities, a regional airport, and close access to hydroelectric power infrastructure.

To strengthen technical governance and ensure compliance with National Instrument 43-101 standards, Saga appointed Paul J. McGuigan, P.Geo., as the Company’s Independent Qualified Person in June 2025. Mr. McGuigan brings over five decades of experience in layered mafic intrusions, deposit modeling, QA/QC, and resource classification methodologies. His oversight has reinforced the integrity of the exploration approach and supports the Company’s technical reporting as it advances toward resource delineation.

Looking ahead, Saga Metals is preparing for an expanded drilling program at the Trapper Zone, informed by inversion modeling and surface trenching results. The 2025 field campaigns will prioritize resource expansion, metallurgy sampling, and structural mapping to support a future mineral resource estimate.

Saga Metals Corp. remains committed to responsible exploration, strong community engagement, and the strategic development of critical metals that support decarbonization and energy security.

Qualified Person

Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.

Saga Metals’ Corporate Video

Please find below Saga Metals’ corporate video, produced by Pinnacle Digest, providing an overview of the Company as well as highlighting the key characteristics and developments of the Radar Titanium-Vanadium-Iron (Ti-V-Fe) Project in Labrador, Canada.

A Media Snippet accompanying this announcement is available by clicking on this link.

_________________________

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

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

Cautionary Disclaimer

This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/1dc926db-43f0-490b-b7f9-695da9edd0fc
https://www.globenewswire.com/NewsRoom/AttachmentNg/7dd16130-dd8e-44ce-99a8-e4e965ca6065
https://www.globenewswire.com/NewsRoom/AttachmentNg/38ea2e6a-4521-4ad3-9d1b-4b60353c75fd

Cartier Resources Inc. (″ Cartier ″ or the ″ Company ″) (TSXV: ECR,OTC:ECRFF; FSE: 6CA) is pleased to announce it has awarded the contract for beginning the first environmental baseline studies for the Cadillac project and an initial evaluation of economic assessment of the past-producing Chimo mine tailings to Stantec, a global leader in sustainable design and engineering. The baseline studies will be divided into two distinct parts which include 1) environmental baseline desktop study and 2) preliminary environmental geochemical characterization.

‘ These initial baseline studies will form a foundation for Cartier by providing a comprehensive understanding of the current environmental conditions and identifying potential impacts of future development planning of the Cadillac project. The results will help guide our advancing strategies in a responsible and sustainable manner, enabling the design and implementing operations that minimize environmental impact while optimizing the economic potential of the project . ‘ – Philippe Cloutier, President and CEO of Cartier.

‘ We continue to advance the Cadillac project with a dual-focus strategy: drilling an ambitious 100,000-meter drilling campaign that combines the extensions of known gold zones and the exploration of new high-priority targets, identified using cutting-edge AI technology through our collaboration with VRIFY and now launching of the foundational environmental baseline studies. These efforts will be conducted simultaneously, with the potential for additional work emerging as the project advances. ‘ – Ronan Deroff, Vice President Exploration of Cartier.

Below is the description of the different parts:

Part 1 – Environmental Baseline Desktop Study

The environmental desktop study aims to document and characterize the potential environmental constraints on the Cadillac project footprint. This approach identifies potential environmental issues, such as atmospheric conditions, surface and groundwater management, wetlands and natural environments, terrestrial, avian and aquatic fauna as well as land uses.

The approach consists of a rigorous document review that will allow for planning the future general development of the Cadillac project, identifying sensitive areas and minimizing environmental impacts. This first step will permit to plan a comprehensive field work as a next step to the environmental baseline studies. All the information will be sufficiently comprehensive to serve as a basis for drafting Chapter 20 of a possible update to the Preliminary Economic Assessment (PEA).

Part 2 – Preliminary Environmental Geochemical Characterization

The preliminary environmental geochemical characterization study aims to assess the potential geochemical risks of the waste rock and ore that will be extracted from the operations, as well as the tailings generated during ore processing.

In accordance with the criteria of the Guide de caractérisation des résidus miniers et du minerai (GCRMM), geochemical characterization is used to classify mining materials in terms of their acid generation and metal leaching potential. Static tests will be conducted on approximately fifty samples representative of the various lithologies present on the site to determine appropriate management methods for these materials, in accordance with the guidelines of Directive 019 of the Ministère de l’Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (MELCCFP).

Part 3 – Assessment of the economic assessment of the past-producing Chimo mine tailings

This assessment aims to determine whether economic recovery of the Chimo mine tailings is feasible, considering its geochemical, granulometric and metallurgical characteristics.

The study will consist of systematic sampling, with approximately fifty sample sites planned to cover the entire tailings facility. All required authorizations to perform the sampling will be obtained prior to the field work.

Qualified Person

The scientific and technical content of this press release has been prepared, reviewed and approved by Mr. Ronan Déroff, P.Geo., M.Sc., Vice President Exploration, who is a ″Qualified Person″ as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (″NI 43-101″).

About Stantec

Stantec is a global leader in sustainable engineering, architecture, and environmental consulting. ​It empowers clients, people, and communities to rise to the world’s greatest challenges at a time when the world faces more unprecedented concerns than ever before. Stantec trades on the TSX and the NYSE under the symbol STN.

About Cadillac Project

The Cadillac Project, covering 14,000 hectares along a 15-kilometre stretch of the Cadillac Fault, is one of the largest consolidated land packages in the Val-d’Or mining camp. Cartier’s flagship asset integrates the historic Chimo Mine and East Cadillac projects, creating a dominant position in a world class gold mining district.

With excellent road access, year-round infrastructure and nearby milling capacity, the project is ideally positioned for rapid advancement and value creation.

Using a gold price of US$1,750/oz, a Preliminary Economic Assessment demonstrated the economic viability of a 2-km segment, compared to the 15 km that will be the subject of the 100,000 m drilling program, with an average annual gold production of 116,900 oz over a 9.7-year mine life. Indicated resources are estimated at 720,000 ounces (7.1 million tonnes at 3.1 g/t Au) and inferred resources at 1,633,000 ounces (18.5 million tonnes at 2.8 g/t Au). Please see the NI 43-101 ″Technical Report and Preliminary Economic Assessment for Chimo Mine and West Nordeau Gold Deposits, Chimo Mine and East Cadillac Properties, Quebec, Canada, Marc R. Beauvais, P.Eng., of InnovExplo Inc., Mr. Florent Baril of Bumigeme and Mr. Eric Sellars, P.Eng. of Responsible Mining Solutions″ effective May 29, 2023.

About Cartier Resources Inc.

Cartier Resources Inc., founded in 2006 and headquartered in Val-d’Or (Quebec) is a gold exploration company focused on building shareholder value through discovery and development in one of Canada’s most prolific mining camps. The Company combines strong technical expertise, a track record of successful exploration, and a fully funded program to advance its flagship Cadillac Project. Cartier’s strategy is clear: unlock the full potential of one of the largest undeveloped gold landholdings in Quebec.

For further information, contact:
Philippe Cloutier, P. Geo.
President and CEO
Telephone: 819-856-0512
philippe.cloutier@ressourcescartier.com
www.ressourcescartier.com

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

(TheNewswire)

S eptember 9, 2025 TheNewswire – Vancouver, British Columbia Blue Lagoon Resources Inc. (‘Blue Lagoon’ or the ‘Company’) (CSE: BLLG,OTC:BLAGF; OTCQB: BLAGF; FSE: 7BL) is pleased to provide an update on its Dome Mountain Gold Project, where the Company is nearing final commissioning of its Moving Bed Biofilm Reactor (MBBR) water treatment system – the final step required before commencing blasting.

The Company expects the MBBR to be fully activated within the next 7 to 10 days , at which point the water treatment plant will be fully commissioned and blasting can begin. In the meantime, underground preparation work is scheduled to start this week to ensure the operation is fully ready for the start of mining.

Underground Work To Commence This Week

Work beginning this week includes:

• Establishing emergency egress exit points – ensuring all ladders are secure and viable.

• Bolt testing – testing approximately 10% of bolting as per the Ground Control Management Plan.

• Re-establishing the ventilation system – moving and wiring underground fans and ventilation ducts.

• Clearing and fortifying underground magazine storage units and purchasing explosives.

• Moving small waste piles to improve efficiency once blasting begins.

• Cleaning the underground sump.

• Drilling at the rollover to establish the first exposed ore face.

Once the MBBR system is commissioned (expected in the next 7 to 10 days), drilling and blasting will begin immediately at both the rollover and in the incline (development work).

‘We are now extremely close to begin mining,’ said Rana Vig, President & CEO of Blue Lagoon Resources. ‘The MBBR commissioning at Dome Mountain is the last remaining step before blasting can commence, and our crews are already underground preparing for operations. We expect to transition quickly into production and near-term cash flow once the system is online.’

To further strengthen its operational readiness, Blue Lagoon has added two experienced professionals to its team:

Michael Kendall – Underground Mine Supervisor

Mr. Kendall brings more than three decades of hands-on underground mining experience, with a proven track record of leading safe, efficient, and high-performing crews across some of Canada’s most notable operations, including Eskay Creek, Rice Lake, Myra Falls, Red Chris, and Minto.

• Former Underground Mine Manager at Fortis Mining and Underground Supervisor at Barminco (Red Chris).

• Extensive experience in mine planning, development, and production management, including recommissioning and optimization of underground operations.

• Recognized Mine Rescue Captain, with multiple provincial championships and decades of safety leadership.

Mr. Kendall’s deep operational knowledge and safety-first approach will be instrumental as Dome Mountain transitions from development into steady-state production.

Dr. Francis Salifu – Environmental Manager

The Company has also appointed an Environmental Manager, a seasoned professional with over 15 years of progressive experience in mining-sector environmental management, including more than five years in senior supervisory roles.

• PhD in Environmental Science.

• Expertise in ML/ARD mitigation, water quality and water balance modeling, and biochemical reactor (BCR) systems.

• Formerly with Conuma Resources, PwC, and the Alberta Energy Regulator, where they developed integrated environmental management programs and improved site compliance by more than 60%.

• Skilled in stakeholder engagement with regulators, consultants, and Indigenous communities, with a strong focus on sustainability and continuous improvement.

This appointment underscores Blue Lagoon’s commitment to the highest standards of environmental compliance and responsible mining as production begins.

‘As we prepare for mining and near-term cash flow, building the right team is critical,’ said Rana Vig, President & CEO of Blue Lagoon Resources. ‘Michael’s extensive underground experience and Francis’s proven leadership in sustainability both strengthen our operational readiness. These hires reinforce our commitment to safety, environmental stewardship, and efficient execution at Dome Mountain

About Blue Lagoon Resources Inc.

Blue Lagoon Resources is a Canadian based publicly listed mining company (CSE: BLLG,OTC:BLAGF; FSE: 7BL; OTCQB: BLAGF) focused on building shareholder value through the aggressive development of its 100% owned Dome Mountain Gold project. The Company is run by professionals with significant finance and mining experience and operates within a prime mining jurisdiction in British Columbia, Canada. With the granting of a full mining permit, a key milestone achieved in February 2025 – one of only nine such permits issued in British Columbia since 2015 – Blue Lagoon is now focused on last preparatory activities and tasks related to the safe and secure opening of the Dome Mountain Gold Mine, targeting Q3 2025 as the start of gold production . The Company’s primary objective has always been to become a cash-flowing mining company, to ultimately deliver tangible monetary value to shareholders, state, and local communities.

The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability. The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource.  The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.

For further information, please contact:

Rana Vig

President and CEO

Telephone: 604-218-4766

Email: rana@bllg.ca

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Statement Regarding 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, that address events or developments that Blue Lagoon Resources Inc. (the ‘Company’) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘targets’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’, ‘mine’, ‘production’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur. Although the Company 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities may not show quality and quantity necessary for further exploration or future exploitation of minerals deposits, volatility of gold and silver prices, delays in mine development activities, future cash flow expectations and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions.  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. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management, contractors and consultants on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s, contractor’s and consultants’ beliefs, estimates or opinions, or other factors, should change

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