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Renforth Resources Inc (2)
Symbol RFR
Shares Issued 340,736,118
Close 2025-12-09 C$ 0.015
Market Cap C$ 5,111,042
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Renforth awaits exploration permit for Parbec in Q1

2025-12-09 18:12 ET - News Release

Ms. Nicole Brewster reports

RENFORTH ISSUES GOLD & PGE EXPLORATION UPDATE IN QUEBEC & FINANCING ANNOUNCEMENT

Renforth Resources Inc. has informed shareholders of the following exploration activities under way on its wholly owned Parbec gold deposit neighbouring Agnico Eagle's Malartic mine and its wholly owned Victoria nickel sulphide polymetallic deposit, both near Malartic, Que.

Parbec gold -- bulk sample permitting update and Hinge zone

Renforth's vice-president of exploration, Martin Demers, PGeo, has begun working with a local environment and engineering team to advance the underground bulk-sample program at Parbec. This plan includes rehabilitating the existing decline on the property, originally sunk in the 1980s to access mineralization on the north side of the Cadillac Break and extending to an approximately 100-metre depth. The decline has never been mapped or sampled, and will require widening; based on Renforth's work since acquiring Parbec, it cuts through several gold-bearing lithologies.

The initial permitting submissions -- the notice of work and the advanced exploration application -- are expected to be approved by late first quarter 2026. At that point, Renforth will apply for a temporary mining lease and a certificate of authorization for the bulk sample. The local expert's extensive permitting experience is expected to deliver a more efficient and accelerated process for Renforth.

Surface stripping at Parbec, currently paused for the winter, will resume once the ground thaws. Recent work indicates exposure of the hinge-fold zone where the diorite splay separates from the Cadillac Break in the Pontiac sediments -- a feature that warrants continued stripping and washing as soon as weather conditions allow.

Victoria nickel sulphide polymetallic open pit deposit

Renforth's geological team is currently reviewing witness core from approximately 10,300 metres of drilling completed across the 2.5-kilometre strike length of the Victoria deposit. Select core will be submitted for PGE assaying. Previous work confirmed the presence of platinum and palladium within the deposit, but the earlier sampling density was insufficient for inclusion in the initial Victoria National Instrument 43-101 mineral resource estimate published in September, 2025. With proper assaying of existing holes -- and PGE analysis incorporated into all future drilling -- Renforth anticipates platinum and palladium will be included in the next technical report.

Financing

Renforth intends to raise up to $500,000 through a non-brokered private placement consisting of flow-through shares priced at two cents per share and hard-dollar units priced at two cents per unit. Each hard-dollar unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of five cents for a period of 24 months from closing. All securities issued under the offering will be subject to a statutory hold period of four months and one day in accordance with applicable Canadian securities laws.

The company may pay finders' fees of up to 6 per cent of the gross proceeds and/or issue finders' warrants to eligible parties in compliance with regulatory requirements. The offering is subject to certain conditions, including receipt of all necessary regulatory approvals.

Proceeds will be used for Q1 2026 drilling at the Parbec gold deposit and the Victoria polymetallic system, continued permitting for the Parbec underground bulk sample, and continuing surface work at Parbec, as well as general and administrative costs.

2026 technical plans

Parbec gold deposit -- in 2026, Renforth plans to drill approximately 7,500 metres at Parbec, complete surveys of surface channels and drill collars, advance underground permitting to a certificate of authorization, and update the Parbec resource estimate.

Victoria polymetallic deposit -- Renforth plans to drill approximately 10,000 metres at Victoria and publish a new technical report incorporating additional drilling, platinum and palladium assay results, carbon sequestration studies, and continuing ore sorting and processing testwork.

Qualified person

Martin Demers, PGeo, OGQ 770, vice-president of exploration for Renforth, a qualified person pursuant to the guidelines in National Instrument 43-101, has reviewed and approved the technical information contained in this press release.

About Renforth Resources Inc.

Renforth Resources is a junior exploration and development company focused on advancing gold and polymetallic projects in Quebec's Abitibi mining district. Its flagship asset, the wholly owned Parbec gold deposit -- located beside Agnico Eagle Mines Ltd.'s Canadian Malartic mine -- currently hosts 265,800 ounces of gold in the measured and indicated categories and 97,000 ounces in the inferred category, within an open-pit scenario using a cut-off grades determined using a value of $2,100 (U.S.) per ounce of Gold.

Renforth also controls the district-scale Malartic metal package, which includes the Victoria polymetallic deposit. In 2025, the company declared an initial NI 43-101-compliant inferred resource for Victoria of 125 million tonnes grading 0.15 per cent nickel equivalent, an open-pit polymetallic system with significant potential for nickel, copper, zinc, cobalt and platinum group elements.

With road access, hydroelectric power and proximity to established mining infrastructure, Renforth is strategically positioned to leverage its diversified resource base and location to create shareholder value.

We seek Safe Harbor.

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