Granada Gold Mine Evaluations the Potential of 1 Gram per Tonne Gold in an Open Pit Useful resource at Minesite

(TheNewswire)

Rouyn Noranda, Q.C., October 15, 2025 TheNewswire – Granada Gold Mine Inc. (TSXV: GGM,OTC:GBBFF) (OTC: GBBFF) (Frankfurt: B6D) (the “Firm” or “Granada”) With the  present improve within the value of gold the corporate is to assessment the potential for an open pit useful resource utilizing 1 gram per tonne gold on the Granada Minesite.

“The totally permitted, present useful resource is shovel prepared.” Commented Frank J Basa, President and CEO, “With 80 % of the 5.5-kilometer mineralized construction open for exploration, there’s potential for a big useful resource improve.”

With over 158,000 metres in over 1,000 holes drilled from floor, the mineralized zone is open to depth and on east-west strike for one more 3.5 kilometers. The Granada Gold Mine operated within the 1930’s as an underground operation at 9-10 grams per tonne from two shafts. The deepest shaft on the mining property, at 498 metres depth, is shallow in comparison with different working mines  on  Cadillac Break the place over 1,000-metre-deep manufacturing shafts are the norm. The present proposed improvement  plan is to function as an open pit, adopted by a higher-grade underground mine.

Historic Useful resource 43-101 Could 2017 at US $1250 an oz of Gold:

Notes to useful resource desk above

1. Authentic assays have been capped at 60 g/t for calculation of the 1.5 m composites for the estimation of mineral sources.

2. The density to transform quantity to tonnage is 2.7.

3. Drill gap spacing varies from 6 meters as much as 225 meters whereas many of the drill holes are on 30 m cross sections for the higher 400 m.

4. Gold recoveries are 94.1% for the total mill cyanidation of the entire mineralized materials.

5. Assumes gold value of $1,250 U.S/ouncesand alternate fee of $1.37 CDN/$1 U.S.

6. The open-pit constrained sources have been modeled on 10mE x 5mN x 5mZ block dimension whereas underground sources under elevation -135 meters have been modeled on 10mE x 3mNx 3Mz.  The block fashions are inside an envelope.

7. Search ellipsoid estimation ID2 are: 50x50x5, 100x100x10, 200x200x15 and 300x300x20 to allow connection of the construction of the deep holes to the extremely drilled bundle. Saucers dipping north at 47 levels.

8. Classification: a minimal of 4 holes with 2 composites per gap for Measured, 3 holes with minimal of two composites per gap for Indicated, the remaining Inferred.

9. The database used for this estimate consists of drill outcomes obtained from drill applications in 2009, 2010, 2011, 2012, 2016 and 2017, trenches of 2014 and 2015 plus most of the historic holes (1990’s) the place sufficiently lengthy sections of the core had been analyzed.

10. The assertion consists of the historic manufacturing of 51,476 ounces (181,744 sT @ 0.28 ouncessT) from 1930 to 1935.  They can’t be bodily eliminated in 3D.  Nonetheless, this quantity is now thought-about to be included within the Measured mineral sources.

11. GoldMinds shouldn’t be conscious of any recognized environmental, allowing, authorized, title-related, taxation, socio-political, advertising and marketing or different related points that might materially have an effect on the mineral useful resource estimate.

Cross Part of the Mineralized Zone and Proposed Open Pit:

Certified particular person

The technical data on this information launch was reviewed and accepted by Matthew Halliday, P.Geo., Director of Granada Gold Mine Inc., and member of the Ordre des Géologues du Québec, who’s a Certified Individual in accordance with Nationwide Instrument 43-101.

Additional work is important to improve/confirm the Could 2017 useful resource estimate utilizing present gold pricing and processing prices.   The QP has not finished adequate work  and Granada Gold Mine shouldn’t be treating the useful resource estimate as present. The reliability and relevance of the historic estimate is to not be depended upon till the required work is accomplished.

Mineral Useful resource Estimate

On August 22, 2022 the Firm filed an up to date NI 43-101 technical report supporting the useful resource estimate replace for the Granada Gold undertaking (Please see July 6, 2022 information launch ) reporting that the Granada deposit incorporates an up to date mineral useful resource, at a base case cut-off grade of 0.55 g/t Au for pit constrained mineral sources inside a conceptual pit shell and at a base case cut-off grade of two.5 g/t for underground mineral sources inside fairly mineable volumes, of 543,000 ounces of gold (8,220,000 tonnes at a mean grade of two.05 g/t Au) within the Measured and Indicated class, and 456,000 ounces of gold (3,010,000 tonnes at a mean grade of 4.71 g/t Au) within the Inferred class. Please see Desk 1 under for full particulars. Report reference : Granada Gold Undertaking Mineral Useful resource Estimate Replace, Rouyn-Noranda, Quebec, Canada authored by Yann Camus, P.Eng. and Maxime Dupéré, B.Sc, P.Geo., SGS Canada Inc. dated August twentieth, 2022 and with an efficient date of June twenty third, 2022.

Desk 1: Mineral Useful resource Estimate Displaying Tonnes, Common Grade, and Gold Ounces

About Granada Gold Mine Inc.

Granada Gold Mine Inc. continues to develop and discover its 100% owned Granada Gold Property close to Rouyn-Noranda, Quebec, and is adjoining to the prolific Cadillac Break. The Firm owns 14.73 sq. kilometers of land in a mixture of mining leases and claims. The Firm is at the moment present process a massive drill program with 20,000m out of 120,000m full. The drills are at the moment paused to offer the technical crew with the required time to judge, assimilate current information and anticipate improved market situations.

The Granada Shear Zone and the South Shear Zone include, primarily based on historic detailed mapping in addition to from present and historic drilling, as much as twenty-two mineralized constructions trending east-west over 5 and a half kilometers. Three of those constructions have been mined traditionally from 4 shafts and three open pits. Historic underground grades have been 8 to 10 grams per tonne gold from two shafts all the way down to 236 m and 498 m with open pit grades from 3.5 to five grams per tonne gold.

The property consists of the previous Granada Gold underground mine which produced greater than 50,000 ounces of gold at 10 grams per tonne gold within the 1930’s from two shafts earlier than a fireplace destroyed the floor buildings.  Within the Nineties, Granada Sources extracted a bulk pattern (Pit #1) of 87,311 tonnes grading 5.17 g/t Au.  In addition they extracted a bulk pattern (Pit # 2) of twenty-two,095 tonnes grading 3.46 g/t Au.

For additional data, Contact:

Frank J. Basa, P.Eng. member of Skilled Engineers Ontario

Chief Govt Officer

P: 416-625-2342

Or:

Wayne Cheveldayoff,

Company Communications

P: 416-710-2410

E: waynecheveldayoff@gmail.com

Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch. This information launch could include forward-looking statements which embrace, however aren’t restricted to, feedback that contain future occasions and situations, that are topic to numerous dangers and uncertainties. Apart from statements of historic info, feedback that tackle useful resource potential, upcoming work applications, geological interpretations, receipt and safety of mineral property titles, availability of funds, and others are forward-looking. Ahead-looking statements aren’t ensures of future efficiency and precise outcomes could range materially from these statements. Basic enterprise situations are elements that might trigger precise outcomes to range materially from forward-looking statements. The Firm doesn’t undertake to replace any forward-looking data on this information launch or different communications except required by legislation.

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