Mr. Jeff Swinoga reports
EXPLOITS DISCOVERY ADVANCES HAWKINS GOLD PROJECT AND STRENGTHENS TECHNICAL TEAM WITH APPOINTMENT OF DR. NATALIE PIETRZAK-RENAUD
Exploits Discovery Corp. has made progress on its exploration initiatives at the Hawkins gold project in Northern Ontario, including the completion of a project site visit, drill permit applications and planning for its maiden exploration program. The company is also pleased to welcome Dr. Natalie Pietrzak-Renaud as technical adviser, a key addition to its technical team.
Exploration progress at Hawkins
Exploits has successfully completed a confirmatory site visit at the Hawkins gold project, verifying excellent road and trail access to the McKinnon zone and evaluating the condition and location of 2021/2022 drill core.
The company has:
- Submitted a phase 1 drill permit application to Ontario's Ministry of Energy and Mines;
- Planning sampling program of the McKinnon drill core for multielement analysis to support advanced modelling and exploration target generation;
- Planning surface prospecting, mapping, trenching and geophysical surveys on multiple prospective areas across the property.
The anticipated outcome of these programs would be to:
- Define new targets across underexplored areas of the 60-plus-kilometre greenstone belt;
- Target deeper and/or higher-grade areas of the McKinnon zone historic resource;
- Identify along-strike targets to potentially expand the deposit.
"We are definitely hitting the ground running at the Hawkins gold project," said Jeff Swinoga, president and chief executive officer of Exploits. "While we're commencing exploration with the benefit of a previously disclosed historical mineral resource estimate, the broader opportunity here remains significant -- we believe that this project has the potential to be a district-scale gold property in an Archean greenstone belt, largely overlooked and underexplored. With infrastructure coming into place and a strong technical team, Exploits is uniquely positioned to unlock value quickly."
Appointment of Dr. Pietrzak-Renaud as technical adviser
To aggressively advance the Hawkins property, the company is pleased to announce that Dr. Pietrzak-Renaud, PGeo, has joined Exploits as its technical adviser. Dr. Pietrzak-Renaud is an expert on the Hawkins property given her deep academic and previous work experience on the property. From 2020 to 2022, Dr. Pietrzak-Renaud was responsible for setting up the previous exploration programs, which included geophysical surveys, field sampling, mapping, trenching and numerous drilling programs.
"I am thrilled to be working on the Hawkins project again," said Dr. Pietrzak-Renaud. "This greenstone belt has outstanding potential that's never been fully explored. I'm excited to apply new approaches and partner with the Exploits team to unlock that value."
Dr. Pietrzak-Renaud brings over 20 years of multicommodity exploration experience across gold, rare earth elements, diamonds and base metals. She holds a PhD in geology from Western University and is a registered PGeo in Ontario and the Northwest Territories/Nunavut. Her career highlights include:
- Vice-president, exploration -- Tardiff REE project, Vital Metals (Northwest Territories);
- Technical lead -- Strange Lake REE project, Quest Rare Metals and Torngat Metals (Quebec);
- Vice-president, exploration -- Montclerg gold project, GFG Resources (Ontario);
- Vice-president, exploration -- Hawkins gold project, E2gold (Ontario);
- Consultant -- Fruta del Norte, Lundin Gold (Ecuador);
- Consultant -- technical team -- Renard diamond mine, Stornoway (Quebec).
About the Hawkins gold project
The Hawkins gold project spans over 60 kilometres of the Archean-aged Kabinakagami greenstone belt in Northern Ontario. It hosts the McKinnon zone, a non-National Instrument 43-101-compliant historical inferred mineral resource estimate of 328,800 ounces gold at 1.65 grams per tonne, open along strike and at depth. The broader property includes numerous gold occurrences such as Culbert-Dubroy, Goldfields, Johnson-Barnes and Derry Gossan, most of which remain largely untested.
Exploits entered into an option agreement in respect of the project in May, 2025 (see press release dated May 13, 2025), recognizing its district-scale potential, strong infrastructure and significant upside beyond the McKinnon zone.
Exploits responds to meritless claims
The company also announces that it has become aware of certain public allegations made by a third party in respect of the company pertaining to, among other things, its conduct and an alleged breach of a non-disclosure agreement in connection with the entering into of the definitive option agreement in respect of the Hawkins gold project. The company believes that it has acted appropriately to date and that such allegations are without merit. The company has not been served with any statement of claim in respect of such matters, and, if any is served, the company intends to vigorously defend itself. The company is also presently considering all available actions it may take to preserve and protect its rights and reputation against such third party.
About Exploits Discovery Corp.
Exploits is a Canadian mineral exploration company advancing its high-potential gold projects in Ontario, Quebec and Newfoundland, with a focus on value creation. Exploits aims to become a leading company in Canada's mineral exploration sector.
National Instrument 43-101 disclosure
For purposes of this news release, the historical mineral resource estimate referenced for the Hawkins gold project as contained in a technical report prepared by P&E Mining Consultants Inc., entitled "Technical Report and Updated Mineral Resource Estimate on the Hawkins Gold Project, Derry, Hawkins, Walls, Minnipuka, Legge and Puskuta Townships, Sault Ste. Marie & Porcupine Mining Divisions, Ontario," with an effective date of Sept. 10, 2020, and published by a previous operator on the property, which disclosed an inferred resource estimate of 328,000 ounces of gold grading 1.65 grams per tonne gold, is considered by Exploits to be a historical estimate as defined under NI 43-101, Standards of Disclosure for Mineral Projects. While the company considers the historical estimate to be reliable, no qualified person of Exploits has done sufficient work to classify such historical estimate as a current mineral resource of Exploits, and Exploits is not treating such historical estimate as a current mineral resource for purposes of its disclosure. Among other things, significant data compilation, redrilling, resampling and data verification may be required by a qualified person before such historical estimate can be classified as a current mineral resource. There can be no assurance that such historical mineral resource, in whole or in part, will ever become economically viable. In addition, mineral resources are not mineral reserves and do not have demonstrated economic viability. The company is not aware of any more recent estimate prepared for the Hawkins gold project. Even if classified as a current mineral resource, there is no certainty as to whether further exploration will result in any inferred mineral resources being upgraded to an indicated or measured mineral resource category.
Dr. Natalie Pietrzak-Renaud, PGeo, technical adviser of Exploits, is a qualified person as defined under NI 43-101. Dr. Pietrzak-Renaud has reviewed and approved the scientific and technical information presented herein.
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