Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to provide an update on its exploration program at the Séguéla Mine in Côte d’Ivoire.

Paul Weedon, Senior Vice President, Exploration, commented, “The prospectivity of Kingfisher is underscored by the recent intersections of 15.3 meters averaging 4.1 g/t Au and 17 meters averaging 3.3 g/t Au; approximately 150 meters further along strike of the recently reported maiden Inferred Resource of 294,000 ounces averaging 2.3 g/t Au1.” Mr. Weedon added, “At the Sunbird deposit, mineralization has been successfully drill defined approximately 650 meters further along strike from the limits of the existing underground resource and remains open.”

Drilling highlights include:Kingfisher deposit

SGRD2133: 3.7 g/t Au3.3 g/t Au26.9 g/t Au3.6 g/t Au11.8 g/t Au over an estimated true width of 2.6 meters from 167 meters, andover an estimated true width of 17.0 meters from 175 meters, includingover an estimated true width of 0.9 meters from 186 meters, andover an estimated true width of 4.3 meters from 202 meters, includingover an estimated true width of 0.9 meters from 202 meters
SGRD2136: 4.1 g/t Au18.9 g/t Au19.7 g/t Au over an estimated true width of 15.3 meters from 127 meters, including over an estimated true width of 0.9 meters from 131 meters, and over an estimated true width of 0.9 meters from 138 meters
SGRD2124: 3.3 g/t Au31.6 g/t Au over an estimated true width of 13.6 meters from 229 meters, includingover an estimated true width of 0.9 meters from 244 meters
     

Sunbird deposit

SGRD2091: 7.2 g/t Au21.4 g/t Au13.4 g/t Au over an estimated true width of 13.3 meters from 409 meters, including over an estimated true width of 0.7 meters from 410 meters andover an estimated true width of 2.1 meters from 418 meters
SGRD2092: 4.0 g/t Au18.1 g/t Au10.3 g/t Au11.0 g/t Au over an estimated true width of 17.5 meters from 314 meters, includingover an estimated true width of 1.4 meters from 316 meters, and over an estimated true width of 0.7 meters from 335 meters, andover an estimated true width of 0.7 meters from 337 meters
SGRD2099: 20.4 g/t Au390.8 g/t Au156.8 g/t Au18.0 g/t Au over an estimated true width of 19.6 meters from 397 meters, includingover an estimated true width of 0.7 meters from 402 meters, and over an estimated true width of 0.7 meters from 422 meters, and over an estimated true width of 2.8 meters from 431 meters
     

Note:1.   Refer to Fortuna news release dated December 10, 2024: “Fortuna updates Mineral Reserves and Mineral Resources for the Séguéla Mine, Côte d’Ivoire”

Kingfisher deposit

A further 58 holes totaling 11,103 meters were completed at the Kingfisher deposit since early September 2024 (refer to Figure 1), of which 16 holes totaling 3,286 meters were drilled subsequent to the maiden Inferred Resource data cut-off date (refer to Fortuna news release dated December 10, 2024). Kingfisher remains open at depth for most of the drilled 2-kilometer strike, with the deepest drilling only testing to approximately 250 meters below surface (refer to Figure 2).

Mineralization at Kingfisher demonstrates a clear association with the strongly deformed contact zone between a series of felsic intrusives, quartz veining, and host basaltic units. The change in strike orientation along the structure from north-south to north-east coincides with the higher grade, broader mineralization intervals. Mineralization is characterized by silica-biotite-sericite-carbonate alteration and pyrite development within and adjacent to the quartz veining.

Two drill rigs will continue working into the second quarter of 2025 to support resource infill drilling for resource conversion as well as drilling for depth and strike extensions.

Figure 1: Séguéla Mine deposit locations

Figure 2: Kingfisher deposit long-section - looking west

Sunbird deposit

At Sunbird, results from a further 24 holes, totaling 9,065 meters of a planned 12,000-meter drilling program have been received, with several high grades returned including 20.4 g/t Au over an estimated true width of 19.6 meters from 397 meters in drill hole SGRD2099 (refer to Figure 3).

The program is designed to infill and extend the current mineralized footprint as part of a program to evaluate underground mining potential, with mineralization remaining open more than 600 meters below surface, or more than 800 meters down plunge from the margin of the planned open pit. The most recent drill hole, which stepped out 150 meters to the south of the reported drilling and for which assays are pending, reported more than 15 points of visible gold (VG) associated with extensive alteration and quartz veining over an interval of 28 meters.

Drilling will continue into the first half of 2025 to support an updated resource model and underground mining studies.

Figure 3: Sunbird deposit long section - looking west

Refer to Appendix 1 for full details of the drill holes and assay results for this drill program at the Séguéla Mine.

Quality Assurance & Quality Control (QA - QC)

All drilling data completed by the Company utilized the following procedures and methodologies. All drilling was carried out under the supervision of the Company’s personnel.

All reverse circulation (RC) drilling used a 5.25-inch face sampling pneumatic hammer with samples collected into 60-liter plastic bags. Samples were kept dry by maintaining enough air pressure to exclude groundwater inflow. If water ingress exceeded the air pressure, RC drilling was stopped, and drilling converted to diamond core tails. Once collected, RC samples were riffle split through a three-tier splitter to yield a 12.5 percent representative sample for submission to the analytical laboratory. The residual 87.5 percent samples were stored at the drill site until assay results were received and validated. Coarse reject samples for all mineralized samples corresponding to significant intervals are retained and stored on-site at the Company-controlled core yard.

All diamond drilling (DD) drill holes started with HQ sized diameter, before reducing to NQ diameter diamond drill bits on intersecting fresh rock. The core was logged, marked up for sampling using standard lengths of one meter or to a geological boundary. Samples were then cut into equal halves using a diamond saw. One half of the core was left in the original core box and stored in a secure location at the Company core yard at the project site. The other half was sampled, catalogued, and placed into sealed bags and securely stored at the site until shipment.

All RC and DD samples were transported to ALS’s preparation laboratory in Yamoussoukro, Côte d’Ivoire, before also being transported via commercial courier, to ALS’s facility in Ouagadougou, Burkina Faso. Routine gold analysis using a 50-gram charge and fire assay with an atomic absorption finish was completed for all samples. Quality control procedures included the systematic insertion of blanks, duplicates and sample standards into the sample stream. In addition, the ALS laboratory inserted its own quality control samples.

Qualified Person

Paul Weedon, Senior Vice President, Exploration for Fortuna Mining Corp., is a Qualified Person as defined by National Instrument 43-101 being a member of the Australian Institute of Geoscientists (Membership #6001). Mr. Weedon has reviewed and approved the scientific and technical information contained in this news release. Mr. Weedon has verified the data disclosed, including the sampling, analytical and test data underlying the information or opinions contained herein by reviewing geochemical and geological databases and reviewing diamond drill core. There were no limitations to the verification process.

About Fortuna Mining Corp.

Fortuna Mining Corp. is a Canadian precious metals mining company with five operating mines in Argentina, Burkina Faso, Côte d'Ivoire, Mexico, and Peru, as well as the preliminary economic assessment stage Diamba Sud Gold Project located in Senegal. Sustainability is integral to all our operations and relationships. We produce gold and silver and generate shared value over the long-term for our stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit our website.

ON BEHALF OF THE BOARD

Jorge A. Ganoza President, CEO, and DirectorFortuna Mining Corp.

Investor Relations: Carlos Baca | info@fmcmail.com | fortunamining.com | X | LinkedIn | YouTube

Forward-looking Statements

This news release contains forward-looking statements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward-looking Statements”). All statements included herein, other than statements of historical fact, are Forward-looking Statements and are subject to a variety of known and unknown risks and uncertainties which could cause actual events or results to differ materially from those reflected in the Forward-looking Statements. The Forward-looking Statements in this news release include, without limitation, statements about further extension potential at the Kingfisher deposit; statements that the Sunbird deposit continues to support underground mining potential; the Company’s expectations regarding drilling in the first half of 2025 to support an updated resource model and underground mining studies at the Sunbird deposit; mineral reserve and mineral resource estimates; expectations regarding additional drilling and exploration programs planned; the Company’s business strategy, plans and outlook; the merit of the Company’s mines and mineral properties; mineral resource and reserve estimates; timelines; the future financial or operating performance of the Company; expenditures; approvals and other matters. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations. Forward-looking Statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements. Such uncertainties and factors include, among others, changes in general economic conditions and financial markets; changes in prices for gold, silver, and other metals; the timing and success of the Company’s proposed exploration programs; technological and operational hazards in Fortuna’s mining and mine development activities; risks inherent in mineral exploration; fluctuations in prices for energy, labor, materials, supplies and services; fluctuations in currencies; uncertainties inherent in the estimation of mineral reserves, mineral resources, and metal recoveries; the Company’s ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; governmental and other approvals; political unrest or instability in countries where Fortuna is active; labor relations issues; as well as those factors discussed under “Risk Factors” in the Company's Annual Information Form for the financial year ended December 31, 2023. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking Statements contained herein are based on the assumptions, beliefs, expectations and opinions of management, including but not limited to expectations regarding the results from the exploration programs conducted at the Company’s mineral properties including the Diamba Sud Gold Project; expected trends in mineral prices and currency exchange rates; the accuracy of the Company’s information derived from its exploration programs at the Company’s mineral properties; current mineral resource and reserve estimates; the presence and continuity of mineralization at the Company’s properties; that the Company’s activities will be in accordance with the Company’s public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained; that there will be no significant disruptions affecting operations and such other assumptions as set out herein. Forward-looking Statements are made as of the date hereof and the Company disclaims any obligation to update any Forward-looking Statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements.

Cautionary Note to United States Investors Concerning Estimates of Reserves and Resources

Reserve and resource estimates included in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for public disclosure by a Canadian company of scientific and technical information concerning mineral projects. Unless otherwise indicated, all mineral reserve and mineral resource estimates contained in the technical disclosure have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards on Mineral Resources and Reserves. Canadian standards, including NI 43-101, differ significantly from the requirements of the Securities and Exchange Commission, and mineral reserve and resource information included in this news release may not be comparable to similar information disclosed by U.S. companies.

Appendix 1: Séguéla Mine drill program details of the drill holes and assay results for the Kingfisher and Sunbird deposits

Kingfisher deposit

HoleID Easting (WGS84_29N) Northing (WGS84_29N) Elevation (m) EOH1,2 Depth (m) UTM Azimuth Dip Depth2 From (m) Depth2 To (m) Drilled2 Width (m) ETW3 (m) Au (ppm) Hole Type4 Area
SGRD2075 743562 891494 403 129 90 -60 57 59 2 1.7 3.2 RCD Kingfisher
              77 85 8 6.8 0.7 RCD Kingfisher
              97 98 1 0.9 6.1 RCD Kingfisher
SGRD2077 743550 891652 416 165 90 -60 131 146 15 12.8 2.7 RCD Kingfisher
            incl 131 132 1 0.9 28.1 RCD Kingfisher
SGRD2078 743559 891601 416 145.6 90 -60 91 94 3 2.6 2.2 RCD Kingfisher
              99 106 7 6.0 0.9 RCD Kingfisher
SGRD2079 743579 891692 420 159 90 -60 NSI         RCD Kingfisher
SGRD2080 743607 892501 420 219 90 -60 190 198 8 6.8 0.8 RCD Kingfisher
SGRC2100 743648 891154 396 50 90 -60 NSI         RC Kingfisher
SGRC2101 743619 891150 398 91 90 -60 NSI         RC Kingfisher
SGRC2102 743615 891252 400 40 90 -60 NSI         RC Kingfisher
SGRD2103 743528 891200 402 180 90 -60 139 143 4 3.4 1.3 RCD Kingfisher
SGRD2104 743557 891199 401 123.3 90 -60 NSI         RCD Kingfisher
SGRD2105 743532 891447 404 168.1 90 -60 105 117 12 10.2 0.8 RCD Kingfisher
SGRD2106 743564 891445 403 147.3 90 -60 90 98 8 6.8 0.7 RCD Kingfisher
SGRD2107 743538 891338 405 171 90 -60 NSI         RCD Kingfisher
SGRD2108 743531 891400 405 198 90 -60 106 109 3 2.6 4.4 RCD Kingfisher
SGRD2109 743545 892151 429 210.2 90 -60 153 162 9 7.7 1.1 RCD Kingfisher
              169 170 1 0.9 5.3 RCD Kingfisher
SGRD2110 743543 892200 424 200.2 90 -60 152 163 11 9.4 1.4 RCD Kingfisher
              172 174 2 1.7 2.6 RCD Kingfisher
SGRD2111 743495 892198 436 243.3 90 -60 NSI         RCD Kingfisher
SGRD2112 743593 892196 414 162.2 90 -60 96 110 14 11.9 1.0 RCD Kingfisher
              120 134 14 11.9 0.9 RCD Kingfisher
SGRD2113 743572 892047 447 243 90 -60 126 149 23 19.6 1.0 RCD Kingfisher
SGRD2114 743569 892350 418 198.2 90 -60 155 164 9 7.7 3.1 RCD Kingfisher
SGRD2115 743569 892299 425 260 90 -60 142 153 11 9.4 0.6 RCD Kingfisher
SGRD2116 743576 892250 418 250 90 -60 125 131 6 5.1 1.8 RCD Kingfisher
              149 160 11 9.4 1.1 RCD Kingfisher
SGRD2117 743552 892090 445 260 90 -60 NSI         RCD Kingfisher
SGRD2118 743507 892150 438 290 90 -60 62 66 4 3.4 1.3 RCD Kingfisher
SGRD2119 743542 892500 436 300 90 -60 NSI         RCD Kingfisher
SGRD2120 743712 892857 417 228 90 -60 183 188 5 4.3 3.2 RCD Kingfisher
              194 208 14 11.9 1.1 RCD Kingfisher
SGRD2121 743600 892394 417 216.3 90 -60 NSI         RCD Kingfisher
SGRD2122 743464 892453 457 348.3 90 -60 316 320 4 3.4 2.2 RCD Kingfisher
SGRD2123 743550 892449 432 250 90 -60 193 195 2 1.7 6.4 RCD Kingfisher
              204 214 10 8.5 1.0 RCD Kingfisher
SGRD2124 743632 892649 434 280 90 -60 171 172 1 0.9 9.6 RCD Kingfisher
              188 191 3 2.6 2.4 RCD Kingfisher
              203 206 3 2.6 2.3 RCD Kingfisher
              229 245 16 13.6 3.3 RCD Kingfisher
            incl 244 245 1 0.9 31.6 RCD Kingfisher
SGRD2125 743578 892650 444 320.4 90 -60 NSI         RCD Kingfisher
SGRD2126 743587 892700 446 310 90 -60 271 280 9 7.7 0.9 RCD Kingfisher
              285 291 6 5.1 2.1 RCD Kingfisher
SGRD2127 743516 892700 459 400 90 -60 NSI         RCD Kingfisher
SGRD2128 743615 892545 426 293 90 -60 211 216 5 4.3 2.2 RCD Kingfisher
SGRC2129 743619 892746 439 97 90 -60 Not Sampled         RC Kingfisher
SGRD2130 743669 892746 430 264.1 90 -60 149 151 2 1.7 3.0 RCD Kingfisher
              194 208 14 11.9 1.9 RCD Kingfisher
              212 218 6 5.1 3.5 RCD Kingfisher
            incl 221 222 1 0.9 28.0 RCD Kingfisher
              259 261 2 1.7 4.0 RCD Kingfisher
SGRD2131 743746 892908 428 199.6 90 -60     0 0.0   RCD Kingfisher
SGRD2132 743621 892744 440 330 90 -60 249 253 4 3.4 5.2 RCD Kingfisher
              262 277 15 12.8 0.9 RCD Kingfisher
SGRD2133 743759 892955 422 216.2 90 -60 167 170 3 2.6 3.7 RCD Kingfisher
              175 195 20 17.0 3.3 RCD Kingfisher
            incl 186 187 1 0.9 26.9 RCD Kingfisher
              202 207 5 4.3 3.6 RCD Kingfisher
            incl 202 203 1 0.9 11.8 RCD Kingfisher
SGRD2134 743805 893004 409 150.2 90 -60 NSI         RCD Kingfisher
SGRD2135 743631 892500 414 220 90 -60     0 0.0   RCD Kingfisher
SGRD2136 743792 892955 417 160.2 90 -60 127 145 18 15.3 4.1 RCD Kingfisher
            incl 131 132 1 0.9 18.9 RCD Kingfisher
            and 138 139 1 0.9 19.7 RCD Kingfisher
SGRD2137 743719 892906 429 260.2 90 -60     0 0.0   RCD Kingfisher
SGRD2138 743580 892500 426 290 90 -60     0 0.0   RCD Kingfisher
SGRD2139 743584 892546 430 340 90 -60     0 0.0   RCD Kingfisher
SGRC2141 743780 892550 399 80 90 -60 NSI         RC Kingfisher
SGRC2142 743755 892500 401 80 90 -60 NSI         RC Kingfisher
SGRC2143 743760 892450 399 84 90 -60 NSI         RC Kingfisher
SGRC2144 743710 892350 402 80 90 -60 10 11 1 0.9 7.1 RC Kingfisher
              32 54 22 18.7 1.0 RC Kingfisher
              60 69 9 7.7 9.5 RC Kingfisher
            incl 63 64 1 0.9 62.0 RC Kingfisher
SGRC2145 743735 892400 400 80 90 -60 NSI         RC Kingfisher
SGRD1667 743780 892802 407 160.1 90 -60 77 79 2 1.7 3.2 RCD Kingfisher
              84 94 10 8.5 1.1 RCD Kingfisher
              98 105 7 6.0 1.2 RCD Kingfisher
SGRD1723 743785 892700 406 100 90 -60 19 32 13 11.1 0.9 RCD Kingfisher
SGRC1797 743835 892858 415 100 90 -60 14 27 13 11.1 1.0 RC Kingfisher
              46 52 6 5.1 1.3 RC Kingfisher
SGRD1830 743807 892750 403 82 90 -60 17 29 12 10.2 1.2 RCD Kingfisher
              43 52 9 7.7 0.7 RCD Kingfisher
SGRC1834 743745 892550 404 100 90 -60 26 47 21 17.9 1.0 RC Kingfisher
SGRD1836 743720 892450 403 120 90 -60 41 68 27 23.0 2.1 RCD Kingfisher
              60 61 1 0.9 10.4 RCD Kingfisher
SGRD1860 743671 892350 406 130 90 -60 40 41 1 0.9 5.6 RCD Kingfisher
              47 48 1 0.9 11.6 RCD Kingfisher
SGRD1863 743669 892300 410 130 90 -60 67 72 5 4.3 1.2 RCD Kingfisher

Notes:

1. EOH: End of hole2. Depths and widths reported to nearest significant decimal place 3. NSI: No significant intercepts4. ETW: Estimated true width5. RC: reverse circulation drilling | DD: diamond drilling tail | RCD: reverse circulation drilling with diamond tail

Sunbird deposit

HoleID Easting (WGS84_29N) Northing (WGS84_29N) Elevation (m) EOH1,2 Depth (m) UTM Azimuth Dip Depth2 From (m) Depth2 To (m) Drilled2 Width (m) ETW3 (m) Au (ppm) Hole Type4 Area
SGRD2081 742525 892585 556 420 90 -60 NSI         RCD Sunbird
SGRD2082 742550 892435 561 310.2 90 -60 230 231 1 0.7 12.5 RCD Sunbird
              264 271 7 4.9 8.0 RCD Sunbird
            incl 264 265 1 0.7 40.0 RCD Sunbird
SGRD2083 742520 892410 560 380.1 90 -60 305 307 2 1.4 3.2 RCD Sunbird
              338 341 3 2.1 6.0 RCD Sunbird
            incl 338 339 1 0.7 16.2 RCD Sunbird
              359 368 9 6.3 6.6 RCD Sunbird
            incl 360 362 2 1.4 21.4 RCD Sunbird
SGRD2084 742550 892550 567 399.2 90 -60 348 361 13 9.1 2.9 RCD Sunbird
            incl 351 352 1 0.7 18.9 RCD Sunbird
SGRD2085 742490 892410 555 480.1 90 -60 387 394 7 4.9 1.3 RCD Sunbird
              425 445 20 14.0 4.1 RCD Sunbird
            incl 433 436 3 2.1 16.4 RCD Sunbird
            and 437 438 1 0.7 14.0 RCD Sunbird
SGRC2086 742540 892635 555 40 90 -60 Not Sampled         RC Sunbird
SGRC2087 742540 892400 566 60 90 -60 Not Sampled         RC Sunbird
SGRC2088 742540 892635 555 48 90 -60 Not Sampled         RC Sunbird
SGRD2089 742544 892637 540 440 90 -60 387 395 8 5.6 1.0 RCD Sunbird
SGRD2090 742541 892398 540 338.1 90 -60 281 296 15 10.5 1.4 RCD Sunbird
SGRD2091 742490 892408 538 440.2 90 -60 409 428 19 13.3 7.2 RCD Sunbird
            incl 410 411 1 0.7 21.4 RCD Sunbird
            and 418 421 3 2.1 13.4 RCD Sunbird
SGRD2092 742552 892544 553 356 90 -60 314 339 25 17.5 4.0 RCD Sunbird
            incl 316 318 2 1.4 18.1 RCD Sunbird
            and 335 336 1 0.7 10.3 RCD Sunbird
            and 337 338 1 0.7 11.0 RCD Sunbird
SGRD2093 742494 892383 538 420.2 90 -60 360 385 25 17.5 0.9 RCD Sunbird
              394 404 10 7.0 1.7 RCD Sunbird
              411 418 7 4.9 0.8 RCD Sunbird
SGRD2094 742563 892636 547 390 90 -60 NSI         RCD Sunbird
SGRD2095 742468 892376 553 480.2 90 -60 427 441 14 9.8 6.2 RCD Sunbird
            incl 433 435 2 1.4 20.8 RCD Sunbird
            and 437 439 2 1.4 15.2 RCD Sunbird
SGRD2096 742550 892785 540 430.1 90 -60 385 415 30 21.0 2.8 RCD Sunbird
            incl 404 405 1 0.7 10.3 RCD Sunbird
            and 406 407 1 0.7 21.9 RCD Sunbird
            and 408 409 1 0.7 11.3 RCD Sunbird
SGRD2097 742556 892859 524 456.2 90 -60 397 405 8 5.6 1.0 RCD Sunbird
              411 423 12 8.4 3.9 RCD Sunbird
            incl 413 414 1 0.7 17.7 RCD Sunbird
            and 415 416 1 0.7 16.5 RCD Sunbird
SGRD2098 742497 892357 557 420.2 90 -60 344 362 18 12.6 3.5 RCD Sunbird
            incl 347 348 1 0.7 13.7 RCD Sunbird
            and 361 362 1 0.7 10.9 RCD Sunbird
              385 394 9 6.3 1.5 RCD Sunbird
SGRD2099 742485 892334 545 447.2 90 -60 372 386 14 9.8 2.0 RCD Sunbird
              397 425 28 19.6 20.4 RCD Sunbird
            incl 402 403 1 0.7 390.8 RCD Sunbird
            and 422 423 1 0.7 156.8 RCD Sunbird
              431 435 4 2.8 18.0 RCD Sunbird
            incl 434 435 1 0.7 66.9 RCD Sunbird
SGRD2200 742520 892675 544 480 90 -60 321 322 1 0.7 20.4 RCD Sunbird
              377 378 1 0.7 108.2 RCD Sunbird
              428 451 23 16.1 2.9 RCD Sunbird
            incl 450 451 1 0.7 10.4 RCD Sunbird
SGRD2201 742465 892310 569 465.2 90 -60 366 377 11 7.7 3.6 RCD Sunbird
            incl 369 370 1 0.7 33.1 RCD Sunbird
              402 407 5 3.5 1.8 RCD Sunbird
              437 450 13 9.1 1.7 RCD Sunbird
              462 463 1 0.7 45.2 RCD Sunbird
SGRD2202 742445 892275 573 513.2 90 -60 395 405 10 7.0 1.2 RCD Sunbird
              409 414 5 3.5 1.3 RCD Sunbird
              484 504 20 14.0 6.2 RCD Sunbird
            incl 486 487 1 0.7 15.9 RCD Sunbird
            and 489 490 1 0.7 15.6 RCD Sunbird
            and 498 499 1 0.7 19.7 RCD Sunbird
SGRD2203 742545 892685 553 450.1 90 -60 404 428 24 16.8 2.0 RCD Sunbird
SGRD2204 742540 892510 563 400.1 90 -60 333 350 17 11.9 1.1 RCD Sunbird

Notes:

1. EOH: End of hole2. NSI: No significant intercepts3. ETW: Estimated true width4. Depths and widths reported to nearest significant decimal place5. RC: reverse circulation drilling | DD: diamond drilling tail | RCD: reverse circulation drilling with diamond tail

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/a7c86b54-02dc-4974-861a-d623c6c8eb62

https://www.globenewswire.com/NewsRoom/AttachmentNg/23203bd7-691f-49bb-8f7f-da8633a34b08

https://www.globenewswire.com/NewsRoom/AttachmentNg/1cc9eac4-791d-47ed-a363-845e8796e7e6

A PDF accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/392d1d7f-e892-4abc-b100-1cb6679e7d43

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