Mr. Ian Klassen reports

GRANDE PORTAGE RESOURCES RECEIVES APPROVAL FOR 2026 PLAN OF OPERATIONS (DRILL PERMIT) FROM THE US FOREST SERVICE

Grande Portage Resources Ltd. has received a letter of approval for its 2026 plan of operations (drill permit) from the U.S. Forest Service for coming drilling and fieldwork at the New Amalga gold property in southeastern Alaska.

The program planned for 2026 includes up to 4,300 metres of diamond drilling from up to 14 drill holes as well as installation of instrumentation, surface mapping and trench sampling. The drill holes will provide additional definition to upgrade resource classification in key areas of the deposit and will characterize the geotechnical and hydrogeological aspects of the rock mass in order gather data necessary for the environmental review and permitting process as well as to inform mine development plans.

The geotechnical and hydrogeological characterization work will include:

• Detailed geotechnical logging to define the rock conditions in areas of key underground infrastructure;
• Installation of piezometers in select drill holes to measure groundwater levels and pressures;
• Packer testing, which involves pumping pressurized water into a drill hole to determine the hydraulic conductivity or permeability of the rock structures intersected by the hole.

The company is currently in the process of evaluating proposals from drilling contractors, with the scope of work planned to be awarded in the coming weeks. Drilling work is expected to begin in late June in line with the permit conditions.

Ian Klassen, president and chief executive officer, commented: "The U.S. Forest Service's approval of the 2026 drill plan marks an important advancement for the New Amalga project as it moves beyond solely exploration and into the development planning phase. The upcoming drilling program will generate key geotechnical and hydrogeological data sets required for engineering analysis and environmental evaluation. These activities are fundamental to progressing the project through regulatory review and toward mine development."

Project summary

The New Amalga gold project is located only 25 kilometres from Alaska's capital city of Juneau and six kilometres from paved highway. The resource remains open to expansion in multiple directions and hosts an indicated resource of 1,438,500 ounces of gold at an average grade of 9.47 grams per tonne gold (4,726,000 tonnes) and an inferred resource of 515,700 ounces of gold at an average grade of 8.85 g/t Au (1,813,000 tonnes) (with an effective date of July 17, 2024).

The current development concept envisions a small-footprint underground mining operation which would transport material off site for processing by a third party, eliminating the need for an on-site gold recovery plant or tailings storage facility.

This set-up is designed to provide several benefits:

• Eliminates the need to build a gold recovery plant, minimizing mine footprint, power requirements and reducing project construction capex (capital expenditures);
• Eliminates the need to develop a tailings disposal facility at the site as no tailings would be generated;
• Removes the need for permanent waste rock storage facilities; waste rock generated from mine development would be returned to the underground workings as stope backfill;
• No use of chemical reagents for gold processing at the site;
• Dramatically reduces land usage and overall environmental footprint;
• Greatly facilitates postmining closure and reclamation;
• Simplifies the environmental review and permitting process.

Project highlights:

• A 100-per-cent interest in the New Amalga gold project, located near infrastructure only 25 kilometres north of Juneau, Alaska, and six kilometres from paved all-season highway;
• The property is host to at least eight large, long, gold-bearing mesothermal veins;
• 240 drill holes from 55 platforms totalling approximately 65,000 metres confirm a large gold-quartz system;
• Past drilling produced multiounce assays on several veins; select samples include:
  • Deep Trench vein: 15.3 m grading 37.1 g/t Au, 8.3 m grading 58.6 g/t Au and 11.6 m grading 28.3 g/t Au;
  • Goat vein: 2.1 m grading 74.2 g/t Au and 6.3 m grading 15.7 g/t Au;
  • Main vein: 3.1 m grading 79.2 g/t Au, 2.1 m grading 37.2 g/t Au and 3.1 m grading 13.9 g/t Au;
  • Ridge vein: 1.5 m grading 43.0 g/t Au and 1.5 m grading 29.2 g/t Au;
  • Sleeping Giant vein: 2.1 m grading 15.4 g/t Au and 3.2 m grading 20.7 g/t Au;
• The company's updated National Instrument 43-101 mineral resource estimate (MRE) with an effective date of July 17, 2024, reported an indicated resource of 1,438,500 ounces of gold at an average grade of 9.47 g/t Au (4,726,000 tonnes) and an inferred resource of 515,700 ounces of gold at an average grade of 8.85 g/t Au (1,813,000 tonnes) as well as an indicated resource of 891,600 ounces of silver at an average grade of 5.86 g/t Ag (4,726,000 tonnes) and an inferred resource of 390,600 ounces of silver at an average grade of 7.33 g/t Ag (1,813,000 tonnes);
• The deposit is open to the north, south and at depth;
• Goat vein surface outcrop channel samples assayed 129.02 g/t Au (3.76 ounces per ton) and 290 g/t Au (8.46 ounces per ton) with 224 g/t Ag (6.53 ounces per ton);
• Lidar survey of property discovered numerous targets -- the first of these tested confirmed gold discovery;
• Received excellent metallurgical recoveries up to 98.2 per cent;
• Completed more than six years of environmental baseline water sampling;
• Current development strategy envisions a small-footprint underground mining operation with third party off-site processing, eliminating the need for an on-site mill or tailings storage facility; this configuration reduces capital costs, greatly minimizes the project's environmental footprint and facilitates permitting;
• LOI (letter of intent) signed with Goldbelt Inc. (an Alaska native corporation organized under the Alaska Native Claims Settlement Act) for development of an ore export terminal at Cascade Point, Goldbelt's privately held parcel located only 22 kilometres from the project site;
• NI 43-101 preliminary economic assessment in progress, expected completion in Q1 2026.

Kyle Mehalek, PE, is the qualified person within the meaning of NI 43-101 and has reviewed and approved the technical disclosure in this release. Mr. Mehalek is independent of Grande Portage within the meaning of NI 43-101.

About Grande Portage Resources Ltd.

Grande Portage Resources is a publicly traded mineral exploration company focused on advancing the New Amalga mine project, the outgrowth of the Herbert gold discovery situated approximately 25 kilometres north of Juneau, Alaska. The company holds a 100-per-cent interest in the New Amalga property. The New Amalga gold system is open to length and depth and is host to at least six main composite vein-fault structures that contain ribbon structure quartz-sulphide veins. The project lies prominently within the 160-kilometre-long Juneau gold belt, which has produced over eight million ounces of gold.

The company's updated NI 43-101 mineral resource estimate (MRE) reported at a base-case mineral resources cut-off grade of 2.5 g/t Au and consists of an indicated resource of 1,438,500 ounces of gold at an average grade of 9.47 g/t Au (4,726,000 tonnes) and an inferred resource of 515,700 ounces of gold at an average grade of 8.85 g/t Au (1,813,000 tonnes) as well as an indicated resource of 891,600 ounces of silver at an average grade of 5.86 g/t Ag (4,726,000 tonnes) and an inferred resource of 390,600 ounces of silver at an average grade of 7.33 g/t Ag (1,813,000 tonnes). The MRE was prepared by Dr. David R. Webb, PhD, PGeol, PEng (DRW Geological Consultants Ltd.) with an effective date of July 17, 2024. Additional information on the New Amalga mine project is available in the technical report titled "Technical Report of the Herbert Gold Property, Juneau District, Southeast Alaska," dated July 17, 2024, which is available under Grande Portage's SEDAR+ profile.

We seek Safe Harbor.