Vancouver, British Columbia--(Newsfile Corp. - August 24, 2026) - Paradigm Gold Corporation (TSXV: PDQ) ("Paradigm Gold" or the "Company") reports that it has completed the Phase I soil sampling program on its Swift-Katie property and has received assay results from the Swift and the Allouez target samples. Results were successful in confirming and extending gold-in-soil anomalies at the Swift target and delineating a new exploration target in the Allouez area that warrants follow-up exploration.
Figure 1 - Property Map with Location of Main Targets
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Exploration at the Swift Target
A total of 362 soil samples were collected at the Swift Target with the objectives of infilling the historic soil grid along the +2.5km mineralized trend and expansion of the soil grid along strike to the northeast and southwest. Assay results from the infill soil sampling successfully verified the earlier sampling conducted along the mineralized trend and extended the gold-in-soil anomaly a further 500m to the northeast of the historically defined anomalies. The gold-in soil anomalies remain open to the northeast and significantly extend the target identified by drilling in 2017 by Paradigm, adding an additional level of confidence in currently permitted drill sites. Additional follow-up sampling is warranted as the target remains open both to the northeast and to the southwest.
Figure 2 - Map of Soil Sampling and Previous Drilling at the Swift Target
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Exploration at the Allouez Target
A total of 231 soil samples were collected at the Allouez target. Prior to this sampling, minimal exploration had been undertaken since the discovery of mineralization in the 1920s. Of note, in 1922, an open cut assayed 2.75g/t Au, 425.2g/t Ag and 6.1% Cu (source: BC Minfile.). A short adit was driven 100m along a mineralized shear zone. Twelve tonnes was mined which graded 389g/t Ag and 45% Pb. (source: BC Minfile.) The reader is cautioned that these results are historical in nature, have not been independently verified by the company and are provided for information purposes only.
Paradigm designed a 25metre spaced soil grid to delineate the extent of this mineralization (Figure 3). Although the geochemical signature adjacent to the historic workings was muted, exploration successfully identified a new, much larger exploration target located along a contact between Rossland Group volcanic rocks and Cretaceous Anstey Pluton. Assays returned a strong gold-silver-enriched polymetallic anomaly with strongly elevated pathfinder and critical elements (up to 385ppm As, 174ppm Bi, 201ppm W, 496ppm Ni, 471ppm Pb and 853ppm Zn) supportive of porphyry or skarn-styled mineralization. The soil anomaly is up to 100m wide, extends for 1.25km and remains open to the northeast and southwest. The presence of strongly anomalous critical minerals in addition to precious and base metals makes this a compelling target for follow-up exploration.
Figure 3 - Geology and Soil Geochemistry at the Allouez Target
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Follow-up Exploration Plan
Paradigm is in the process of implementing a follow-up surface exploration program that will consist of the following:
Offset soil sampling to the NE and SW of both the Allouez target and the Swift Target
Aggressive follow-up exploration on the Allouez target with prospecting and small test pits over the strongest part of the anomaly
Contingent on results from this exploration and receipt of additional financing, planning is underway for drilling in early 2027, with the initial focus on the lateral and depth extension of the gold mineralization drilled by the company in 2017 at the Swift Target. Two thousand metres of drilling is planned to offset gold mineralization drilled in the TR19 area and around SK17-019 target located ~1km to the SW along the same mineralized trend which assayed 8.6m of 3.1g/t Au (See company NR dated September 7th, 2017 for details).
The Katie Copper-Gold Porphyry target is also permitted for drilling where semi-continuous, strongly anomalous Cu-Au mineralization has been outlined by drilling over a 1.8km cumulative strike length. Highlights from company drilling at the Katie Target include 101.5m of 0.19% Cu, 0.12g/t Au incl. 12.8m of 0.43 % Cu, 0.15g/t Au from hole VKT08-069. Additionally, if follow-up exploration at the Allouez zone is successful, the company will apply for an expansion to the existing drill permit to conduct initial drilling on this exciting greenfields exploration target.
About The Swift Katie Property
The Swift Katie Property consists of 19 contiguous MTO mineral claims, covering over 83 square kilometres within a geologically favourable and highly metallogenic area of B.C. that historically has hosted several important mining camps.
The company reports that an application has been submitted for a single 613ha claim located to the east of the newly expanded Allouez target which covers the lateral extension of the prospective geology.
Drilling to date on the Katie zone has identified three accumulations of semi continuous Cu-Au mineralization over a 1,800m cumulative strike length. Initial work by Paradigm identified eight infill holes totaling 2,600m which, when completed, should significantly enhance both the size and continuity of the mineralization. Widespread Cu-in-soil anomalies suggest several additional untested targets.
The Au-Ag zones at the Swift target warrant further exploration based on encouraging results from company drilling in 2016 and 2017. Gold-silver mineralization at Swift is hosted in highly deformed and strongly altered volcaniclastic rocks of the prospective Elise Formation. The rock package may reflect a transitional environment from a porphyry to an epithermal system and exhibits some similarity to styles of mineralization identified in the historic Rossland Mining Camp (past production: 2.7M oz/Au; 3.4M oz/Ag and 120M lbs Cu) located just 25km to the west of the property.
The newly expanded Allouez Target is also hosted in the prospective Elise formation and may consist of a large Porphyry/Skarn deposit, although exploration is limited on this prospect, so the deposit type is yet to be confirmed.
Other Assets
Equity holdings in Pilar Gold Inc ("Pilar") and Laiva Gold Inc ("Laiva")
In 2021, Paradigm Gold received 4,000,000 shares of Pilar resulting from a sale of its investment in Pocone Mining Mineraco Ltda to Pilar at a fair value of $0.60 per share, subject to adjustment contingent upon the issuance price of Pilar's proposed Initial Public Offering. Subsequently Pilar created Laiva and spun-out certain assets, resulting in the issuance of a dividend of 500,000 shares of Laiva with a fair value of $0.50 per share.
Pilar's PGDM mining business in Brazil consists of three underground mines and one open pit development project.
Laiva Gold Mine is an open pit operation located in Brahestad, Finland, and is known for its significant gold deposit and modern processing plant.
Neither Pilar nor Laiva have publicly traded shares and accordingly Paradigm Gold ascribes no market value to its holdings of both companies. At such time as Pilar and Laiva list their respective securities on a recognized stock Exchange, Paradigm Gold will record their respective equity holdings at market value.
About Paradigm Gold
With an experienced management and exploration team having a history of success throughout North America, Paradigm Gold is aggressively pursuing quality projects to increase shareholder value. Currently, the Company's flagship property is the 100% owned, Swift-Katie Cu/Au project, located in the Golden Arc, BC, with year-round access and excellent infrastructure.
Robert Macdonald, MSc. P.Geo, is the Exploration Manager of Paradigm Gold Corporation and a Qualified Person as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the Swift-Katie project and for the preparation of technical information in this disclosure. He has approved the release of this disclosure.
On behalf of the Board of Directors,
"Lawrence Page, K.C."
Lawrence Page, K.C., Chairman and Director, Paradigm Gold Corporation
Neither 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 release.
Neither 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 release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Paradigm Gold Corporation does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
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