Mr. Cameron Tymstra reports

TARGA FIELD TEAM RETURNS TO OPINACA GOLD PROJECT

The next phase of exploration has begun at Targa Exploration Corp.'s 100-per-cent-owned flagship Opinaca gold project, located in the James Bay region of Quebec.

Highlights:

• Intensive prospecting and rock sampling along a seven km (kilometre) target gold trend;
• Higher-density grid of heavy mineral concentrate (HMC) sampling;
• Goal to identify bedrock source of gold found in local till samples;
• Field program will be completed within a week;
• Results expected mid- to late October.

"We are excited to be back at Opinaca to explore the potential of our recently identified seven km target gold trend," commented Targa chief executive officer Cameron Tymstra. "Now that we know where to look, we have deployed a larger geology team for an intensive prospecting program and will be increasing the sample density of the HMC grid to further define the target trend. The team has made great progress at Opinaca since first identifying the project's gold potential at the start of the year. This program is the next step in tracking down the source of gold seen in till and understanding the gold system that is suspected of lying somewhere in the target trend."

September field program

The next phase of work that is under way at Opinaca, being executed by project operator Kenorland Minerals and Targa's geology team, will take approximately one week to complete.

A six-person geology team will focus their prospecting and mapping efforts along the seven km long target gold trend identified from June till and HMC sampling. The team will be sampling boulders and outcrops with the goal of identifying the source rock unit that is hosting the gold that has been seen in the HMC and fine fraction till samples.

In addition to the geology team, a field team of four will be taking approximately 115 additional HMC samples along and down-ice from the target trend to tighten up the June HMC grid from one km by 500 m (metre) sample spacing to 500 m by 250 m.

Sample results from the field program are anticipated mid- to late October and are expected to help with planning a maiden drill program sometime in 2025.

About the Opinaca gold project

The Opinaca project is located in the James Bay region of Quebec, approximately 40 km south of Patriot Battery Metals' Corvette lithium discovery, 45 km south of the all-season Trans-Taiga Road and 120 km northwest of the Renard diamond mine. The Opinaca project covers 85,267 contiguous hectares of the Opinaca geological subprovince, dominantly a metasedimentary region with neoarchean-aged igneous intrusions, including of the Vieux Comptoir suite of granites. Till sampling in 2023 uncovered a five km by four km gold anomaly in the centre of the project, as well as a higher-grade gold anomaly to the east.

Qualified person

The disclosure of scientific and technical information contained in this news release has been reviewed and approved by Adrian Lupascu, MSc, PGeo, exploration manager of Targa Exploration, who is a qualified person within the meaning of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Targa Exploration Corp.

Targa Exploration is a Canadian exploration company engaged in the acquisition, exploration and development of gold and lithium mineral properties with headquarters in Vancouver, B.C. Targa's project portfolio consists of 15 projects in the provinces of Quebec, Ontario, Manitoba and Saskatchewan, and covers over 400,000 hectares of prospective ground, most of which has never been explored previously for lithium or gold.

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