20:58:46 EDT Wed 08 Apr 2026
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Opus One Gold Corp
Symbol OOR
Shares Issued 271,850,821
Close 2026-04-08 C$ 0.075
Market Cap C$ 20,388,812
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Opus One Gold drills 7.45 m of 2.64 g/t Au at Noyell

2026-04-08 19:04 ET - News Release

Mr. Louis Morin reports

OPUS ONE GOLD CORP RELEASES THE FIRST ASSAY RESULTS FROM ITS WINTER DRILLING PROGRAM ON NOYELL

Opus One Gold Corp. has released the first assay results from the winter drilling program on its Noyell property located in the northern portion of the Abitibi greenstone belt, Quebec, Canada.

Following excellent drill results in 2025, Opus One decided to aggressively continue definition drilling on its Zone 1 discovery and extend its exploration on the western portion of the property where the company never ventured before. A 14,000-metre (27 holes, including five holes in the West zone) was proposed for this program.

Drilling on Noyell was initiated in mid-January. It started quite slowly with the drilling company being plagued by personnel and mechanical problems in addition to extreme winter conditions. The problems were eventually all resolved and drilling has been very productive for the last month with four rigs operating at full capacity. Three rigs are doing definition drilling on Zone 1 and one rig is dedicated to exploration of the West zone located three kilometres to the west of Zone 1 and where no drilling was previously performed by Opus One. The drilling program should reach 12,000 m out of the 14,000 metres initially planned.

Assay results are being received at a very slow pace, and they are exclusively from Zone 1 as drilling on the West zone started later.

Hole NO-26-01 was drilled near surface to test the possible extension of Zone 1 to the east of hole NO-25-18 (3.24 grams per tonne Au over 5.5 m). Zone 1 returned 0.42 g/t Au over 2.43 m (true width: 2.03 m) confirming (as expected) that Zone 1 appears to weaken in that direction. Zone 2 was not reached.

Hole NO-26-02 was drill close to the former but slightly deeper. Zone 1 returned 0.16 g/t Au over five m (true width: 4.44 m) confirming the same weakening of Zone 1 in that direction. Zone 2 gave 0.53 g/t Au over 2.0 m (true width: 1.77 m).

Hole NO-26-03 had the same purpose as the first two holes but to the west of Zone 1 and close to surface as well. Zone 1 gave 1.11 g/t Au over 5.4 m (true width: 4.44 m) indicating that Zone 1 is still present although not as high grade as in its centre. Zone 2 returned 0.38 g/t Au over 0.79 m (true width: 0.72 m).

Assay results

Hole NO-26-04 followed the same pattern but 125 m below the latter. Zone 1 returned 0.59 g/t Au over 3.01 m (true width: 2.51 m) and Zone 2 gave 0.76 g/t Au over 2.55 m (true width: 2.18 m).

Finally, hole NO-26-05 is an infill hole drilled along the main steeply dipping ore shoot above hole NO-25-13 (4.10 g/ Au over 7.1 m). It intersected Zone 1 at a vertical depth of 400 m and returned 2.64 g/t Au over 7.45 m (true width: 6.58 m). This result confirms that Zone 1 is still strong along the interpreted main ore shoot of Zone 1. Zone 2 returned 0.38 g/t Au over 3.74 m (true width: 3.36 m). It should be noted that, for all holes, silver grades are systematically low; equal or below gold grades.

The four drill rigs, currently in operation, should be demobilized in the coming days as spring conditions settle on the Abitibi. The very harsh weather conditions experienced at the beginning of the winter (very cold and snowy) are now allowing us to continue the drilling well into the month of April which is quite uncommon.

Opus One will now complete the program, compile the drilling data and refine its geological model for the mineralization observed in Zone 1. Preliminary observations on the West zone indicate that we are dealing with a different geological environment. Contrary to Zone 1 which is totally (or almost) hosted in sediments, the west zone comprises volcanic, intrusive and sedimentary rocks. The style of mineralization is quite different from zones 1 and 2 and it is, at this stage, difficult to establish if the mineralization there is at the same structural and/or stratigraphic levels as Zone 1 or 2.

Zone 1 discovery -- longitudinal section

Holes NO-26-1 to NO-26-5 in bright yellow.

Louis Morin, Opus One chief executive officer, commented: "It has been a very challenging drilling season. The formidable level of exploration activity in Abitibi created a major shortage of experienced personnel, the latter moving from one drilling company to another forcing management to hire marginal people who brought with them more problems than solutions. Thanks to an excellent collaboration from our drill contractor, these issues were finally resolved and, at the end, most of the planned drilling will be completed. The geological picture as well offered some challenges as our drilling is moving away from areas that are better known. The picture is getting more complex and this is not necessarily a bad sign as gold is usually found along geologically complex structures."

Sample preparation, analysis and QA/QC (quality assurance/quality control) program

All core recovered is NQ size. All samples are described, labelled, cut (diamond saw) and bagged at Technominex's facilities in Rouyn-Noranda. Samples are then shipped to AGAT certified Laboratory in Val d'Or for preparation. Sample pulps are then shipped to various AGAT laboratories in Canada for analysis. Samples are assayed for gold using fire assay -- trace Au, ICP-OES finish (50 g charge). All samples equal or above 10 g/t Au are submitted to ore grade gravimetric finish. Multielement analysis are performed using aqua regia digest -- metals package, ICP-OES finish.

Opus One's QA/QC program consists of one control sample inserted, at Technominex's facility, after nine regular samples. Control samples consist of a certified blank and various gold grades certified material.

About Opus One Resources Inc.

Opus One Resources is a mining exploration company focused on discovering high-quality gold and base metals deposits within strategically located properties in proven mining camps, close to existing mines in the Abitibi greenstone belt, northwestern Quebec and Northeastern Ontario -- one of the most prolific gold mining areas in the world. Opus One holds assets in the Val d'Or and Matagami mineral districts.

An independent qualified person, Pierre O'Dowd, PGeo, has verified and approved the data disclosed, including sampling, analytical, and test data underlying the information or opinions contained in the written disclosure as required by Section 3.1 and Section 3.2 of National Instrument 43-101.

We seek Safe Harbor.

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