19:13:33 EDT Mon 19 Oct 2026
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Renforth Resources Inc (2)
Symbol RFR
Shares Issued 470,419,114
Close 2026-10-19 C$ 0.025
Market Cap C$ 11,760,478
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Renforth drills 0.85 m of 15.68 g/t Au at Parbec

2026-10-19 18:07 ET - News Release

Ms. Nicole Brewster reports

RENFORTH SUCCESSFULLY INTERSECTS GOLD IN BOTH DRILLHOLES UNDERCUTTING SURFACE GOLD RESULTS WITHIN THE 2025 MRE PIT SHELL AT WHOLLY OWNED PARBEC GOLD DEPOSIT IN MALARTIC, QUEBEC

Renforth Resources Inc. has released positive assay results for the two undercut drill holes, each of which successfully intersected gold above the cut-off grade used in the April, 2025, mineral resource estimate within the open-pit footprint of the 2025 MRE at Renforth's Parbec gold deposit in Malartic, Que., contiguous to Agnico Eagle's Canadian Malartic mine.

Highlights:

  • 15.68 grams per tonne gold over 0.85 m from 262.85 m to 263.7 m in PAR-26-149 -- the highest single sample result in the program, located within the open-pit shell;
  • 9.41 g/t Au over 4.05 m from 130.75 m to 134.8 m in PAR-26-150 -- the highest grade-thickness result (38.1 g/t Au times m) in the program, located within the open-pit shell;
  • 1.45 g/t Au over 11.6 m from 203.7 m to 215.3 m in PAR-26-150, including 2.40 g/t Au over 5.3 m, within the open-pit shell;
  • 1.36 g/t Au over 11.0 m from 223.0 m to 234.0 m in PAR-26-149, including 2.05 g/t Au over 6.5 m, within the open-pit shell.

"We are very pleased with these drill results at Parbec. Like the recent surface results, these drill intersections, which include both high and low grades and long widths, have intersected gold in parts of the deposit not previously tested by drilling. I am very happy to deliver these results to shareholders. We will now commence quantifying their impact on our resource with an internal update to the MRE. The internal MRE update will incorporate a gold price closer to the current price, unlike the $2,100 (U.S.) per ounce used in the 2025 MRE. In addition, the historic surface channels, which were not used for modelling in the MRE, will be incorporated in the MRE. Finally, our positive 2026 trench and drill hole results will also be incorporated. I believe the collective impact of these three inputs will be positive, but we await that result. As part of our commitment to transparency, shareholders will be informed of the outcome of that process as soon as possible. We are now planning our next steps at both our Parbec gold deposit and our Victoria polymetallic deposit," stated Nicole Brewster, president and chief executive officer of Renforth.

Both PAR-26-149 and PAR-26-150, drilled into Renforth's wholly owned Parbec gold deposit within the open-pit footprint and undercutting the mineralized trend exposed on surface during earlier stripping, each encountered mineralized envelopes and multiple gold occurrences down the hole, as summarized in the highlights table below.

This drill program, designed to test the area under the previously announced unanticipated surface gold results obtained in a surface stripping and channel cutting program at Parbec (see press releases of July 30 and Oct. 13, 2026) successfully intersected gold mineralization under the stripped area and deeper in the Parbec open-pit shell, in previously untested areas of the 2025 MRE deposit model. In addition, the quality assurance/quality control (QA/QC) procedures and assay results for this drill program highlight the presence of a known nugget effect at Parbec. In particular, two samples were flagged HET by the lab during the photon assay analysis, the primary sample and a quarter cut of that sample. HET indicates heterogeneity within the sample, where the distribution of gold is observed as uneven and/or coarse, the nugget effect understood to exist at Parbec. The flagged samples are presented below with their grades, in the interest of full disclosure.

Sample and QA/QC protocols

NQ-size drill core was logged and sampled by Renforth personnel. Sample intervals were selected during logging; the core was split in half, with one-half bagged and tagged for assay and the other half retained in the core box. The samples were delivered to the facilities of ALS Canada Ltd. in Rouyn-Noranda, Que., and assayed by method Au-PA01 (gold by photon assay on crushed reject). ALS is independent of Renforth.

Renforth inserts its own QA/QC samples into the sample stream during core logging and splitting, at a rate of eight QA/QC samples for every 50 samples. Each set of eight consists of two blanks (Appalache Valley Pierre decorative stone), two standards (CDN-GS-1P5ZB: certified at 1.912 g/t Au by photon assay and CDN-GS-7Q: certified at 6.69 g/t Au by photon assay), two duplicates (each a duplicate of the preceding sample) and two quarter cuts (the core is cut in half; one-half is cut in half again and each resulting quarter forms a sample).

Laboratory QA/QC protocols vary from lab to lab. For the Parbec results in this press release, the laboratory inserted three standards and one blank per batch into its processing stream.

All blanks returned values below the detection limit, so there is no evidence of contamination. Results for both standards were consistent from batch to batch. Duplicate results generally agreed with their original samples. Some differences between quarter-cut duplicates at higher grades reflect the nuggety distribution of gold, which is typical of this type of mineralization. QA/QC results were reviewed by the qualified person and found to be acceptable.

Qualified person

Technical and exploration information disclosed in this press release has been reviewed and approved by Francis R. Newton, PGeo, OGQ, an independent qualified person as defined by National Instrument 43-101.

The Parbec mineral resource estimate (SGS Canada Inc. -- Geological Services, mineral resource estimate update for the Parbec gold deposit, Abitibi-Temiscamingue region, Quebec, Canada, effective date April 4, 2025) comprises a measured and indicated mineral resource of 265,800 ounces of gold and an additional inferred mineral resource of 97,000 ounces of gold. Silver is present in the Parbec deposit; however, insufficient assaying has been completed to include silver in a resource estimate to date. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The April 4, 2025, MRE is the current MRE for Parbec.

About Renforth Resources Inc.

Renforth Resources is a Canadian junior gold and critical minerals resource company focused on advancing the Parbec gold deposit in the prolific Abitibi region of Quebec to the point where Renforth can monetize Parbec in order to develop Renforth's Victoria nickel-focused, bulk-tonnage polymetallic deposit. Parbec is strategically located immediately adjacent to Agnico Eagle Mines' Canadian Malartic complex, one of the largest open-pit gold mines in Canada. Renforth's Victoria nickel/copper/cobalt/zinc polymetallic deposit is also contiguous to Canadian Malartic, with a resource declared over only 12 per cent of the approximately 20-kilometre length of the mineralized structure, forming part of a wholly owned district-scale property with several mineralized occurrences. Renforth is committed to disciplined, systematic exploration and transparent disclosure as it works to unlock the value of its Abitibi-region portfolio.

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