Mr. Philippe MacKay reports

FOKUS MINING IDENTIFIES MULTIPLE TARGETS FROM DEEP TITAN SURVEY AND PREPARES FOR PHASE 2 DRILLING

Fokus Mining Corp. has provided an update on its 2025 exploration activities at the Galloway property, located in Abitibi, Quebec, along the Cadillac/Larder Lake fault, between the Rouyn-Noranda and Kerr-Addison mining camps. The Galloway project 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) at $1,960 (U.S.) per ounce, as detailed in the company's March 23, 2023, press release. This update follows the completion of a deep-penetrating Titan geophysical survey and provides an overview of the phase 2 drilling program, which will target newly identified anomalies across the Galloway project.

Results from Deep Titan geophysical survey

Philippe MacKay, president and chief executive officer of Fokus Mining, commented: "The results of the Titan survey have significantly improved our understanding of the Galloway project's subsurface geology and highlights the massive scale of the Galloway geological system, reinforcing its potential for significant mineralization across multiple zones. The identification of multiple high-priority targets, particularly those associated with chargeability and magnetic anomalies, provides compelling opportunities to expand known zones and potentially make new discoveries. We're looking forward to testing undrilled targets at Moriss, Hendrick and Zone 59 in our upcoming phase 2 drilling program."

During Q1 2025, Fokus Mining conducted a deep-penetrating Titan 24 distributed-array DCIP (direct-current induced polarization) survey over its Galloway project. The survey was designed, supervised and modelled by Hardrock Geophysics, which also completed magnetic 3-D inversion modelling of an existing high-resolution magnetic survey and an integrated interpretation of all the data across the property. This work was carried out with the goal of increasing the understanding of the geological architecture of the area and to define target areas that could host gold mineralization.

The Titan 24 distributed-array DCIP survey, offered by Quantec Geoscience, is a deep-penetrating geophysical technique for mapping the distribution of resistivity and chargeability to depths up to 750 metres. These parameters are useful for mapping geology, alteration and the distribution of disseminated sulphide mineralization. The survey conducted at the Galloway project was completed over eight lines with a 200-metre line spacing, totalling 32.9 line kilometres, and covering an approximate area of 605 hectares. The integrated interpretation yielded very interesting results with the magnetic, resistivity and chargeability data and models showing good correlation with the known geology and alteration of the area. Large halos of chargeability are seen surrounding possible deep-rooted magnetic anomalies, which may be related to intrusions with disseminated sulphide/alteration halos surrounding them. Several of the known gold zones are proximal to or coincident with chargeability anomalies and many are flanking magnetic anomalies. This is a useful observation for defining possible trends of interest and focusing exploration.

From the integrated interpretation, several target areas/trends have been identified. These include:

• A high-chargeability zone downdip of the Moriss deposit;
• Possible extensions to the Hendrick zone along the flank of a large magnetic anomaly and coincident with zones of high chargeability;
• An area flanking a covered magnetic anomaly east of Galloway, Zone 59, with deep gold intercepts and which is untested at shallower depths;
• Chargeability anomalies that appear to be associated with and extend beyond the RB and Hurd zones;
• A zone of chargeability flanking a magnetic anomaly west of Hurd, which is also on trend with a known structure.

Phase 2 drilling targets

Fokus Mining is set to resume drilling in the coming days with the start of phase 2 of its 2025 exploration program. This phase consists of approximately 2,800 metres of drilling, bringing the combined total for phases 1 and 2 to 5,000 metres. The objective of phase 2 is to conduct stepout drilling around known mineralized zones and to test newly identified anomalies, with the aim of making new discoveries near existing resources.

Drilling will begin on the Moriss target, where previous holes returned the highest-grade intercepts on the property to date. Highlights include hole GA-23-76, which intersected 51.13 grams per tonne gold over five meters, (see Fokus Mining's Feb. 7, 2024, press release), and hole GA-24-86, which returned 10.06 grams per tonne gold over 10.0 metres, including six metres grading 15.91 grams per tonne gold (see Fokus Mining's April 16, 2024, press release). The current hole is designed to test a strong chargeability anomaly located adjacent to a magnetic inversion, approximately 125 metres downdip from the known Moriss mineralization. This anomaly has never been drill tested. The second hole will target the Hendrick zone, with stepout drilling of 120 metres designed to extend the higher-grade core. This zone is interpreted to be well suited for a potential underground bulk-tonnage mining scenario. The recent geophysical data suggest the mineralized system remains open to the southwest and northeast. A third hole will target a magnetic anomaly near Zone 59, following up on results from hole GA-21-59 (see Fokus Mining's May 17, 2021, press release).

Qualified person

The scientific and technical disclosure related to the geophysical results and integrated interpretation of the area, which excludes drilling results, assays and mineral resource estimates, for Fokus included in this press release has been reviewed and approved by Matthew Penney, PGeo (permit No. 10482). Mr. Penney is a professional geophysicist and a qualified person under NI 43-101, Standards of Disclosure of Mineral Projects. He is an independent consultant and president of Hardrock Geophysics Inc. The scientific and technical disclosure related to drilling results, assays and mineral resource estimates for Fokus included in this press release has been reviewed and approved by Nathalie Landry, PGeo (permit No. 00796). Ms. Landry is a geologist and a qualified person under NI 43-101. She is an independent consultant for the company, working for Technominex. Both Mr. Penney and Ms. Landry consent to the publication of this press release dated April 23, 2025, and certifies that it fairly and accurately represents the scientific and technical information that forms its basis.

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 2,925.91 hectares and is located just north of the Cadillac/Larder Lake fault, 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).

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