(via TheNewswire)
Vancouver, BC, Canada - Wednesday, April 1 5, 2026 – TheNewswire - Great Plains Metals Corp. ("GPS" or "the Company", TSX-V: GPS, Frankfurt Exchange: 8VC) is pleased to provide the following corporate and operations update including the progress of the drilling program at the Everton Project in Victoria.
Highlights:
4 diamond drill holes completed at Everton with further holes planned
Appointment of Mr. Peeyush Varshney as CEO
Drilling has commenced at Yeoval Goodrich
New website live
Engaged Pretium Communications Inc. to provide marketing services
4 Diamond drill holes completed at Everton
GPS has completed four diamond drill holes for a total of 500 meters (Figures 1 and 2) at the Everton Project in Victoria, Australia . Another planned hole will be completed towards the end of the month . The focus of the drill program is to delineate the near surface geometry and size of the molybdenite-mineralized monzonite porphyry cupola s . Drill core logging and sampling are currently taking place. A ssays from the drilling are expected during the second quarter and the results will determine the basis of further work programs.
Previous mining was centered on two cupolas with distinctive unidirectional solidification textures (USTs) with disseminated molybdenite mineralization observed in outcrops and at the mine dumps. Rocks displaying USTs indicate the tops of pencil porphyries and identifying their location plays a key role in delineating the geometry of the system.
The presence of USTs was identified in all four holes , which is encouraging and indicates that the drilling has ‘ hit the right rocks’ . Visible molybdenite was observed in the drill core from all four holes (Figure 3). Everton is strategically located at the southern extension of the Lachlan Fold Belt where numerous porphyry-related deposits are currently being actively explored. Pencil porphyries often occur in clusters and whilst they are exposed at surface at Everton, others may be present nearby under cover.
Appointment of Mr. Peeyush Varshney as CE O
The Company has appointed Peeyush Varshney as CEO. Mr. Varshney has been a Director of the Company since its formation and is based in Vancouver, Canada.
Mr. Varshney is an experienced capital markets professional with over 25 years of extensive involvement in the junior exploration sector. Over the course of his career, as a director and / or officer, he has successfully guided several TSX Venture Exchange and TSX listed companies from early exploration through critical growth stages, leveraging strategic insight and a results-driven approach to help them strengthen their market position and access capital.
Mr. Varshney's expertise includes building strong industry relationships and enhancing market visibility to attract investment. He holds a Bachelor of Commerce (Finance) and a Bachelor of Laws from the University of British Columbia.
Drilling commences at Yeoval Goodrich
GPS has commenced shallow air core drilling a round the former Goodrich mine to test the potential for adjacent porphyry-related cupolas under shallow alluvial cover. The Company looks forward to providing further updates later this month.
New website live
The Company is pleased to announce that the initial version of its new website has gone live. Further updates to the website are expected over the coming weeks. The website can be accessed at www.greatplainsmetals.com
Engagement of Pretium Communications
GPS has engaged Pretium Communications Inc. (“Pretium”) to provide marketing services to the Company effective April 15, 2026. Pretium’s services will consist of strategic messaging and corporate communications. Pretium, based in Vernon, B.C., is a communications and media marketing company focused on helping public companies reach new investors and maintain relationships with shareholders using on-line strategies.
Pretium has been retained for an initial period of six months commencing on May 1, 2026. In consideration of the services provided by Pretium, the Company has agreed to pay $2,500 per month. Pretiumis arm’s length to the Company. Sherman Dahl, principal of Pretium, and Pretium collectively currently own 1,108,500 shares of the Company.
Peeyush Varshney, CEO, commented:
"I am delighted to be taking on the position of CEO of Great Plains Metals Corp. at an exciting time for both the Company and the gold and critical minerals sector. The Company holds a highly prospective portfolio of drill ready exploration assets in south eastern Australia, a premier mining jurisdiction, and has already commenced drilling pencil porphyry targets at the Everton project, a past producing molybdenum mine, in Victoria. I look forward to working with the team to create long-term value for shareholders.
The Company would like to thank Aidan Bishop for his time serving as CEO. Mr. Bishop remains as a valuable member of the Board of Directors and will continue to provide oversight on the Company's investor and public relations strategy.”
Figure 1 Outcropping molybdenite-bearing pencil porphyries, Everton, Victoria
Figure 2 Diamond drilling at the Everton porphyry molybdenite cupola
Figure 3 Disseminated molybdenite mineralization and USTs in the monzonite porphyry cupola, Everton
Qualified Person: The scientific and technical data contained in this news release, has been reviewed and approved by Douglas Kirwin, who serves as the qualified person (QP) under the definition of National Instrument 43-101.
GREAT PLAINS METALS CORP.
For further information, please contact:
Peeyush Varshney Phone: (604) 684-2181
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed “forward-looking statements.” Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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