10:40:45 EDT Thu 24 Sep 2026
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Go Metals Corp. - Common Shares
Symbol GOCO
Shares Issued 15,861,250
Close 2026-09-23 C$ 0.06
Market Cap C$ 951,675
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ORIGINAL: Go Metals Provides Update on Exploration Program at KM98

2026-09-24 08:01 ET - News Release

Vancouver, British Columbia--(Newsfile Corp. - September 24, 2026) - Go Metals Corp. (CSE: GOCO) ("Go Metals" or the "Company") is pleased to provide an exploration update on its KM98 Project in Québec ("KM98" or the "Project"), where option partner Eureka Metals Corp. ("Eureka") is the designated operator responsible for advancing fieldwork.

Program Highlights

  • Massive Oxide Mineralization Exposed at Roadside: Mechanical stripping exposed bedrock over approximately 100 metres in length and an average width of 10 metres, revealing a substantial zone of massive oxide mineralization.
  • Target Extended West: A further 30-metre western extension was excavated to investigate the surrounding geology and potential continuation of the mineralized zone.
  • 39 Channel Samples Completed: Systematic channel sampling was completed across the exposed oxide-rich zone, including a continuous seven-metre sampling interval.
  • Assays Pending: Samples are undergoing laboratory analysis, with results expected in approximately eight weeks.
  • Maiden Hook Drill Program Advancing: Eureka continues preparations for the first drill program at the Hook Target, providing KM98 with two distinct exploration targets advancing in parallel.

“We are pleased with the progress being made at KM98 across two compelling targets,” said Scott Sheldon, President and CEO of Go Metals. “At Roadside, Eureka has exposed and systematically channel sampled a substantial area of massive oxide mineralization, while preparations continue for the maiden drill program at Hook. With 39 channel samples on route to the lab and drilling preparations advancing, the program is taking important next steps toward assessing the scale and potential of these targets across the project.” 

Roadside Target Exploration
The Roadside Target is located in the northwestern portion of KM98 and was selected for follow-up exploration based on previous geological and geophysical work.

Eureka completed mechanical stripping over two days, followed by pressure washing to expose fresh bedrock for geological examination and channel sampling.

The work exposed a broad zone of massive oxide mineralization trending approximately north-northeast. An additional 30-metre extension was excavated to the west to investigate the surrounding geology and potential continuation of the mineralized zone.

Following cleaning and geological examination, Eureka completed systematic channel sampling across the exposed oxide-rich bedrock. A total of 39 samples were collected, including a continuous seven-metre sampling interval.

The samples are undergoing laboratory analysis, with results expected in approximately eight weeks. The results are expected to help define the grade, continuity and distribution of mineralization within the sample area and guide future exploration at Roadside.

KM98 Exploration Program
The Roadside Target represents a separate exploration opportunity from the Hook Target, where Eureka is preparing to undertake the maiden drill program at KM98.

The planned drilling is intended to test priority targets identified through previous geological and geophysical work, including magnetic and electromagnetic surveys.

With channel sampling completed at Roadside and preparations for drilling underway at Hook, the current program is advancing the evaluation of multiple exploration targets across KM98.

The Company will provide further updates as Roadside assay results become available and Eureka advances preparations for drilling at the Hook Target.

Option Agreement
The Project is subject to an option agreement between Go Metals and Eureka, announced July 16, 2026, pursuant to which Eureka may earn up to an 80% interest in KM98.If Eureka completes the full earn-in, Go Metals will retain a 20% participating interest in the Project.

Qualified Person - Hugues Longuépée, P.Geo., from IOS Geosciences, is the qualified person for the Company as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has reviewed and approved the technical information contained within this news release. Mr. Longuépée is an independent consultant to the Company.

About Go Metals
The Company continues to prioritize innovation and responsible exploration practices in the pursuit of critical metals in mining-friendly jurisdictions. The Company's base metal project portfolio includes KM98, a Ti-V-Fe project, HSP, a Ni-Cu project, and Monster, an IOCG project.

For further information, please contact:
Scott Sheldon, President and Chief Executive Officer
604.725.1857
Scott@GoMetals.ca

Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information reflects management's current expectations concerning future events and includes statements regarding the anticipated timing of assay results; the expected contribution of those results to assessing mineralization and guiding future exploration at Roadside; the potential extent and continuity of mineralization; the preparation, commencement and scope of the planned maiden drill program at the Hook Target; the exploration potential of KM98 and the advancement of its targets; future exploration updates; and Eureka's potential completion of the earn-in and the Company's resulting retention of a 20% participating interest in the Project.

This forward-looking information is based on assumptions that management considers reasonable as of the date of this news release, including that laboratory analysis will be completed within anticipated timeframes; geological interpretations and exploration data provide a reasonable basis for planned work; Eureka will have the funding, personnel, equipment and technical resources required to carry out planned exploration and meet its obligations under the option agreement; access to the Project will remain available; required permits and approvals will be maintained or obtained when needed; and weather and field conditions will permit exploration activities to proceed as anticipated.

Actual results may differ materially from those expressed or implied by forward-looking information due to risks and uncertainties, including laboratory delays; assay results that differ from expectations; the possibility that observed mineralization does not extend beyond exposed or sampled areas or prove to be economically significant; changes in geological interpretations; delays, modifications or cancellation of planned exploration; shortages of funding, personnel or equipment; adverse weather and access conditions; permitting and environmental risks; and Eureka's failure to complete some or all of its earn-in obligations. Other risks are described in the Company's continuous disclosure filings available under its profile on SEDAR+ at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking information. There can be no assurance that planned exploration will proceed as anticipated or that it will identify economically recoverable mineralization. Forward-looking information is provided as of the date of this news release, and the Company undertakes no obligation to update or revise it, except as required by applicable securities laws.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/315781

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