Mr. Guy Morissette reports

MORISSETTE JOINS BULLION GOLD TO DEVELOP THE BODO PROJECT

Bullion Gold Resources Corp. has appointed Guy Morissette as president and chief executive officer, replacing Jonathan Hamel, who will continue his involvement as a director and treasurer of the company.

"I am very pleased to partner with Bullion Gold and its Bodo SM project. This project reminds me a bit of the Nelligan project. When Vanstar acquired this project in 2010, there were very few known showings on it except for a few gold showings in the eastern part of the project. However, our work and perseverance led to the discovery, in 2013, of the beginnings of a world-class gold deposit with currently more than 5.5 million ounces indicated and inferred according to the SRK [National Instrument] 43-101 report published in 2023. Bodo SM once again offers me this great challenge in a favourable geological environment that is little worked and little known. Regardless of the partially explored areas of the project, there is regularly a significant presence of strategic minerals, gold and silver. A truly exciting project," concluded Mr. Morissette.

Mr. Morissette has worked in the mining industry for many years and has extensive expertise in exploration. He discovered the Nelligan gold deposits in 2013 (Vanstar Mining Resources was acquired by Iamgold in 2023) and Moriss in 2010 (NI 43-101, InnovExplo, 2023). He also actively participated in the development of the Hendrick, GP, RB, Hurd and Moriss showings making up the Galloway gold deposit (1.79 million inferred ounces of gold; NI 43-101 report, InnovExplo, 2023) and the Lake Expanse gold showing. He also participated in the development of the Bakoumba gold project in Gabon.

Mr. Morissette was also the founder of Perlite Canada, which is one of the only Canadian companies involved in the processing of perlite and vermiculite. Since 2020, Mr. Morissette has been acting as a mining adviser for the development and enhancement of the Galloway gold deposit, now owned by Fokus Mining Resources. Mr. Morissette was also a mining consultant for Bullion Gold, supervising several drilling campaigns on the Bousquet project between 2021 and 2023. Mr. Morissette is also a major shareholder of the company, directly and indirectly holding nearly 9.54 per cent of the company's shares.

Bodo SM project

The Bodo SM project consists of 763 cells covering an area of over 410 square kilometres, making it a major project. Acquired for its polymetallic nature and the notable presence of significant strategic showings found in the 1960s, this project has been little worked on since. Bullion Gold holds 100 per cent of the interests in this project. No royalties or various constraints (protected area, park and animal protection zone) are subject to this project. A few drill holes carried out entirely in the eastern part in the early 1960s demonstrated the significant presence of gold, silver, copper, zinc and molybdenum in the Rivon Lake, Canico and Papas sectors. Other samples taken on the surface also revealed the presence of nickel and cobalt in the Canico sector.

Work carried out by the company in June, 2024, in the eastern part of the project confirmed the polymetallic nature and its potential to host a VMS (volcanogenic massive sulphide) deposit, a copper porphyry deposit or a gold/silver/copper polymetallic deposit (see the press release of Aug. 27, 2024).

During the summer of 2024, the Ministry of Natural Resources and Forestry (MRNF) completed a geological and sampling survey (BG 2024-05) in the western and southwestern parts of the property. This allowed the discovery of some interesting indices, including the Didi zinc, copper and gold showing and the Lice lithium showing, as well as obtained many other anomalous results in copper, gold, zinc, lithium, cobalt and nickel.

According to the data collected by the MRNF during 2024 in the western part of Bodo, this study would present favourable areas for eight types of mineralization:

• Base metal massive sulphide mineralization associated with volcanic rocks of the Lac des Montagnes, Tichegami and Michaux groups;
• Base metal mineralization associated with volcanogenic massive sulphides of the Voirdye formation;
• Synvolcanic gold-bearing quartz sulphide veins associated with volcanic rocks of the Michaux group;
• Exhalative sulphide mineralization hosted in sedimentary rocks of the Voirdye formation;
• Gold mineralization associated with quartz pebble conglomerates and pyritic quartzites of the Voirdye formation;
• Stratiform gold mineralization in Algoma-type banded iron formations of the Lac des Montagnes and Tichegami groups;
• Magmatic nickel-copper mineralization (plus or minus cobalt plus or minus platinum group elements) associated with intrusive rocks of the Nasacauso and Chamic mafic-ultramafic suites;
• Lithium mineralization associated with granitic pegmatites of the Senay suite.

These new favourable zones come from little-known mineralizations discovered during the 2024 work. The Lac des Montagnes group is a very interesting geological formation and could become a major formation in terms of economic potential. It already contains several gold, chrome, copper, zinc showings as well as lithium (Whabouchi) and nickel (Nisk-1 and Lion) deposits. This formation has been little prospected in past years, which increases its discovery potential. Bullion Gold, with its Bodo SM project, controls this geological band over more than 40 kilometres.

Next steps

The company plans to begin a ground exploration program along the Lac des Montagnes geological corridor in June, 2025. The program will also revisit the Lac Rivon, Canico and Papas areas. In addition, the company plans to conduct VTEM (versatile time-domain electromagnetic)/magnetic surveys using drones on specific portions of the property to potentially trace conductive sulphide zones. The company is also evaluating the possibility of conducting some geochemical surveys in various locations considered favourable.

This press release was read and approved by Gilles Laverdiere, PGeo, director and qualified person under NI 43-101.

About Bullion Gold Resources Corp.

Bullion Gold is involved in the identification, exploration and development of viable mineral properties in the province of Quebec. The company is developing the 100-per-cent-owned Bousquet and Bodo SM projects.

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