Mr. Philippe MacKay reports

FOKUS MINING LAUNCHES THE 2024-2025 EXPLORATION PROGRAM ON THE GALLOWAY PROPERTY

Fokus Mining Corp. has initiated its 2024-2025 exploration program on the Galloway property, located in Abitibi, Que., along the Cadillac-Larder Lake fault zone in the province of Quebec, between the Rouyn-Noranda and Kerr-Addison mining camps.

Fokus is focusing on advancing the Galloway project, in the Abitibi region, 20 kilometres west of Rouyn-Noranda. This is a 2,866-hectare project near the Cadillac/Larder Lake fault zone, known for its prolific mineral endowment. Recent work on the western claims of the Galloway property outlined a National Instrument 43-101 inferred mineral resource of 1.42 million ounces of gold (41.2 million tonnes at 1.07 grams per tonne gold) at $1,750 (U.S.) per ounce, or 1.79 million ounces (57.5 million tonnes at 0.97 gram per tonne gold) at $1,960 (U.S.) per ounce, as detailed in the company's March 23, 2023, press release.

Philippe MacKay, president and chief executive officer of Fokus Mining, stated: "This is an exciting period for Fokus Mining Corp. as we work to unlock the full exploration potential of the Galloway property and deliver value for our shareholders. We plan to commence a 1,800-metre drill program imminently and initiate a geophysical program in early Q1 2025 on the Hendrick deposit. We believe that the Galloway project is a remarkable opportunity, particularly as major mining companies increasingly seek deposits like ours in safe jurisdictions."

Key objectives of the 2024-2025 exploration program:

1. Resource expansion on GP-RB and Hendrick zones:
   • Extend by drilling the GP-RB zones, both at surface and at depth;
   • Build upon historical drilling data, including a notable intercept of 2.33 grams per tonne gold over 24 metres drilled by Kerr-Addison;
   • Focus on drilling the eastern portions of the Hendrick zone to increase mineral resources;
   • Test the previously unexplored area between the GP-RB zone and Hendrick zone to investigate potential mineralization;
2. Geophysics using Deep Titan survey:
   • Deploy advanced Deep Titan survey technology to enhance the geological understanding at depth of the Hendrick deposit, hosting significant gold and copper mineralization;
3. Exploration of new targets:
   • Drill new areas near Zone 59 (hole GA-21-59) to assess potential mineralized connections between the Hendrick zone and Zone 59.

Qualified person

The scientific and technical disclosure for Fokus included in this press release have been reviewed and approved by Gilles Laverdiere, PGeo. Mr. Laverdiere is a geologist and qualified person under NI 43-101, Standards of Disclosure of Mineral Projects, and a director of the company. Mr. Laverdiere consents to the publication of this press release dated Nov. 26, 2024. Mr. Laverdiere certifies that this press release fairly and accurately represents the scientific and technical information that forms the basis for this press release.

About Fokus Mining Corp.

Fokus Mining is a mineral resource company focused on acquiring and exploring precious metal deposits in Quebec, Canada, particularly in the Abitibi region, 20 kilometres west of Rouyn-Noranda, with its Galloway project.

The 100-per-cent-owned Galloway project covers an area of 2,866 hectares and is located just north of the Cadillac/Larder Lake fault zone, which extends for more than 100 kilometres. Numerous gold deposits are associated with the structure and its subsidiaries. The recent work focused on the western mining claims of the Galloway property has allowed the company to delineate an NI 43-101 inferred mineral resource of 1.42 million ounces of gold (41,195,000 tonnes at 1.07 grams per tonne gold) at a price of $1,750 (U.S.) per ounce. This was published in the press release dated March 23, 2023, which includes a sensitivity table showing that, at a price of $1,960 (U.S.) per ounce, the inferred mineral resource increases to 1.79 million ounces of gold (57,546,000 tonnes at 0.97 gram per tonne gold).

We seek Safe Harbor.