FOKUS MINING ACQUIRES SIGNIFICANT & STRATEGIC PROPERTIES ALONG CADILLAC-LARDER LAKE FAULT AND PROVIDES CORPORATE UPDATE

(All quantities expressed in Canadian {dollars} until in any other case acknowledged)

 Fokus Mining Company (“Fokus” or the “Firm”) (TSXV: FKM,OTC:FKMCF) (OTCQB: FKMCF) is happy to announce that it has entered into an asset buy settlement (the “APA”) with Olympio Metals Restricted (“Olympio”) (ASX: OLY) and native prospectors to amass a 100% curiosity within the Dufay Property (the “Property”) positioned alongside the Cadillac-Larder Lake Fault between the Galloway Mission and the Ontario border.

Philippe MacKay, President and CEO of Fokus, acknowledged:

“This land consolidation represents a defining second for Fokus. We now management one of many largest land packages between the city of Rouyn-Noranda and the Ontario border at almost 16,000 hectares, positioned instantly alongside the Cadillac-Larder Lake Fault, a construction that has produced over 100 million ounces of gold traditionally. Our strategic place alongside this prolific gold pattern, gives us with optionality and a number of pathways to create worth. With our newly authorised Superior Exploration Allow tripling our exploration space, we’ve got considerably expanded our capacity to develop the Galloway Mission and make new discoveries throughout this potential floor. This expanded land place additionally gives flexibility for future mine infrastructure improvement inside an space that hosts roughly 10 million ounces of gold inside a 15-kilometer radius of Galloway. Our property advantages from distinctive infrastructure entry, together with an present railway hall, which gives vital logistical benefits for potential future improvement. Fokus is well-positioned to unlock the potential of this land package deal.”

The Dufay property (see determine 1) totals 6,083 hectares throughout 115 unique exploration rights (i.e. previously referred to as mining claims), considerably rising Fokus’ complete land package deal to fifteen,988 hectares within the area and offering exploration upside adjoining to 3 gold techniques, together with Gold Candle’s Kerr-Addison mission, Agnico Eagle’s Wasamac mission (TSX: AEM) (NYSE: AEM) and Fokus’ flagship Galloway Mission. The Galloway Mission hosts an NI 43-101 inferred mineral useful resource estimate of 1.42 million ounces of gold (41.20 million tonnes grading 1.07 g/t Au) at a gold value of US$1,750 per ounce, as disclosed within the Firm’s March 23, 2023 press launch, which additionally features a sensitivity evaluation displaying that, at a gold value of US$1,960 per ounce, the inferred mineral useful resource will increase to 1.79 million ounces of gold (57.55 million tonnes grading 0.97 g/t Au).

Strategic Highlights

The Dufay Property represents a compelling, underexplored alternative positioned instantly south of the world-class Cadillac-Larder Lake Fault Zone with a number of gold-copper showings. Regardless of internet hosting quite a few historic chalcopyrite-rich quartz vein showings with strike lengths extending lots of of meters, together with the Chevrier workings mined within the late Nineteen Twenties, the Property has seen minimal latest exploration.

Moreover, Fokus has acquired a number of further claims alongside the Ontario border totaling 459 hectares (see determine 1), collectively known as the “Deep Property.” These claims are potential, with historic drill holes intersecting comparable mineralization types (each circulate and inexperienced carbonate mineralization) to the historic Kerr-Addison Mine. Drill outcomes embody 5.76 g/t Au over 0.7 meters and 4.11 g/t Au over 1.7 meters (taken from digitized historic maps/studies by Golden Harker Explorations Ltd., Dasserat TWP., Mission Compilation Map, dated April 1990: these historic values haven’t been verified by the Firm and no assay certificates have been reviewed to verify this data), demonstrating the potential of this newly consolidated land package deal.

Pursuant to the phrases of the APA, Fokus acquired the Property (the “Transaction“) for complete consideration of roughly $656,565 consisting of (i) the fee of $56,565 in money on closing of the Transaction, and (ii) the issuance, upon the completion of sure situations precedents, together with the approval by TSX Enterprise Alternate (the “TSXV“) of the Transaction and the issuance and itemizing of such variety of widespread shares within the capital of Fokus having an mixture worth of $600,000 (the “Consideration Shares“), decided based mostly on the upper of (i) the volume-weighted common buying and selling value of the widespread shares of Fokus on the amenities of the TSXV for the 5 enterprise days instantly previous the closing of the Transaction which occurred on November 27, 2025 or (ii) the utmost discounted value approved by the TSXV.

Concurrently with the Transaction, Fokus entered into (i) an assumption settlement with respect to that sure possibility settlement entered into between the native prospectors and Olympio on November 18, 2024 with respect to the Property (the “Choice Settlement“), pursuant to which Fokus will assume all rights and obligations of the native prospectors beneath the Choice Settlement and (ii) a termination settlement with Olympio (the “Termination Settlement“) pursuant to which Fokus pays a consideration to Olympio by the issuance of widespread shares of Fokus, having a price of roughly $494,000 (the “Termination Shares“), internet of withholding tax, to terminate the Choice Settlement. The issuance of the Termination Shares is topic to the approval of the TSXV. 

The completion of the Transaction, together with the issuance of the Consideration Shares and the Termination Shares is anticipated to happen on or earlier than March 31, 2026.  Each Fokus, Olympio and the native prospectors have been dealing at arm’s size on the time the Transaction, and no finder’s charge or fee are payable in reference to the Transaction. The Transaction, the APA, the Assumption Settlement and the Termination Settlement are topic to regulatory approval, together with that of the TSXV.

Galloway Mission Development

Fokus submitted an expanded allow software in mid-August 2025, upgrading its present Authorization for Affect Work (Autorisation de Travaux d’Affect) from 353 hectares to 1,178 hectares (see Determine 1). This enlargement gives further flexibility to advance the Galloway Mission and pursue new targets throughout the property. Fokus intends to provoke the allowing course of for Authorization for Affect Work (Autorisation de Travaux d’Affect) on its newly acquired properties.

Through the summer time and fall, detailed geological mapping was accomplished to higher outline lithological items throughout the property. Moreover, mapping and prospecting was initiated to comply with up on a 2012 VTEM Survey (Vantex Sources Ltd. and Geotech Ltd., 2012) the place no recognized prior work had been carried out. Preliminary prospecting recognized vital qtz/pyrite mineralization related to the Precedence 1 VTEM Anomaly.

Gap GA-25-96, examined a chargeability anomaly positioned adjoining to a magnetic inversion, roughly 125 meters down-dip from the recognized Moriss mineralization. The outlet returned outcomes of three.46 g/t Au over 1.5 meters from 97.5 meters to 99.0 meters and seven.13 g/t Au over 1.0 meter from 107.0 meters to 108.0 meters.

The Firm stays dedicated to disciplined development by way of exploration and can proceed evaluating accretive alternatives that align with the Firm’s strategic targets and ship worth to shareholders.

Certified Particular person

Gilles Laverdière, P. Geo (OGQ #00161), registered within the Province of Québec, is a marketing consultant to Fokus Mining Company, is a professional particular person beneath Nationwide Instrument 43–101 – Requirements of Disclosure for Mineral Tasks. He has reviewed the technical contents of this information launch and has authorised the disclosure of the technical data contained herein.

About Fokus

Fokus Mining Company is a mineral useful resource firm centered on the acquisition and exploration of valuable metallic deposits in Québec’s Abitibi area. The Firm’s flagship Galloway Mission is positioned roughly 20 km west of Rouyn-Noranda, instantly north of the Cadillac-Larder Lake Fault. The 100%-owned, Galloway Mission hosts a NI 43-101 inferred mineral useful resource of 1.42 million ounces of gold (41,195,000 tonnes grading 1.07 g/t Au) at a gold value of US$1,750 per ounce, as disclosed within the Firm’s March 23, 2023 press launch. Sensitivity evaluation signifies the inferred useful resource will increase to 1.79 million ounces of gold (57,546,000 tonnes grading 0.97 g/t Au) at a gold value of US$1,960 per ounce. Fokus’ land package deal totals 15,988 hectares alongside the Cadillac-Larder Lake Fault and consists of 9 100%-owned properties: Galloway, Cadillac Break, Fortunate Break, Wasa Creek, Wasa East, Silidor, Stadacona-East, Deep and Dufay plus a 40% curiosity within the Capricorn property.

Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) settle for duty for the adequacy or accuracy of this launch.

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Warning concerning forward-looking statements

This information launch accommodates statements which will represent “forward-looking data” throughout the which means of relevant Canadian securities laws. Ahead-looking data could embody, amongst others, statements concerning the completion of the Transaction and the completion of the transactions contemplated beneath the Assumption Settlement and the Termination Settlement, together with the issuance of the Consideration Shares and Termination Shares, future plans, prices, targets or efficiency of the Firm, or the assumptions underlying any of the foregoing. On this information launch, phrases equivalent to “could”, “would”, “may”, “will”, “probably”, “consider”, “anticipate”, “anticipate”, “intend”, “plan”, “estimate” and comparable phrases and the unfavourable type thereof are used to determine forward-looking statements. Ahead-looking statements shouldn’t be learn as ensures of future efficiency or outcomes, and won’t essentially be correct indications of whether or not, or the occasions at or by which, such future efficiency might be achieved. No assurance could be provided that any occasions anticipated by the forward-looking data will transpire or happen, together with if the acquisition of properties will present strategic advantages for the Firm’s shareholders, when such advantages will happen or what would be the precise advantages the Firm will derive from the properties. Ahead-looking data is predicated on data out there on the time and/or administration’s good-faith perception with respect to future occasions and are topic to recognized or unknown dangers, uncertainties, assumptions and different unpredictable components, lots of that are past the Firm’s management. These dangers, uncertainties and assumptions embody, however are usually not restricted to the dangers, uncertainties and assumptions described beneath “Monetary threat administration targets and insurance policies” and “Threat and Uncertainties” within the Firm’s Annual Report for the fiscal 12 months ended December 31, 2024, a duplicate of which is obtainable on SEDAR+ at www.sedarplus.ca, and will trigger precise occasions or outcomes to vary materially from these projected in any forward-looking statements. The Firm doesn’t intend, nor does it undertake any obligation, to replace or revise any forward-looking data contained on this information launch to replicate subsequent data, occasions or circumstances or in any other case, besides if required by relevant legal guidelines.

SOURCE Fokus Mining Company

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