Mr. Jamie Spratt reports

MISTANGO COMMENCES GOLDIE DRILL PROGRAM

Mistango River Resources Inc. has commenced its phase II drill program at its 89-square-kilometre Goldie project in the Shebandowan greenstone belt, 50 kilometres west of Thunder Bay, Ont.

Highlights:

• Three holes, totalling 1,430 metres, will test extensions of the adjacent Delta 1 project mineralization and new target areas.
• Hole GLD-23-001 is a vertical hole designed to test the north-dipping mineralization from the adjacent Delta 1 property.
• Hole GLD-23-002 will test a geophysical target at the south end of the Goldie property.
• Hole GLD-23-003 will test an area of previous drilling and high-grade sampling that correlates with interpreted structures and geophysics anomalies.

Jamie Spratt, chief executive officer, commented: "We are pleased to commence drilling again on our prospective 89-square-kilometre Goldie property in the emerging Shebandowan greenstone belt. Our exploration team has carefully designed the program to test extensions of interpreted mineralized structures and new target areas. We look forward to advancing our understanding of the district's geology and favourable structural trend. The program is fully funded, and Mistango remains well positioned with a strong balance sheet that allows us to advance our projects in a disciplined fashion."

Phase II drill program details

The phase II program consists of three holes for a total of 1,430 metres. The program has been designed through a comprehensive compilation of detailed sampling, geophysical studies and previous drill results in the district. Geophysical targeting is based in part on the 420-line-kilometre high-resolution airborne magnetic survey that Mistango completed in 2023.

The program aims to confirm and better define the presence of known mineralized structures and test new target areas on the Goldie property.

Hole GLD-23-001 is a vertical hole designed to test the north-dipping mineralization from the adjacent Delta 1 property. Hole GLD-23-003 will target an area of previous drilling and high-grade sampling that correlates with interpreted structures from the previously completed magnetic survey. The targeted hole will also be drilled underneath an IP (induced polarization) anomaly.

Hole GLD-23-002 will test interpreted structures from previous geophysical studies at the south end of the Goldie property and on trend from known mineralization.

About the Goldie gold project

Goldie is within the Shebandowan greenstone belt, which also hosts Goldshore Resources Inc.'s low-grade, high-tonnage Moss Lake gold deposit, 50 kilometres to the west. Goldie is also adjacent to Delta Resources Ltd.'s Delta 1 gold property.

Qualified person statement

The technical information in this news release has been reviewed and approved by Antoine Schwartzmann, PGeo, a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Mistango River Resources Inc.

Mistango is a Canadian-based exploration company focused on its Goldie project, 50 kilometres west of Thunder Bay, within the Shebandowan greenstone belt. Mistango has partnered with Agnico Eagle Mines Ltd. to develop its Kirkland West and Omega projects under a $60-million option agreement, whereby Agnico can earn up to 75 per cent of the projects. Mistango has a strong balance sheet and key strategic investors, including Agnico.

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