22:03:07 EDT Thu 01 Oct 2026
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Visible Gold Mines Inc (2)
Symbol VGD
Shares Issued 39,655,164
Close 2026-09-30 C$ 0.165
Market Cap C$ 6,543,102
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Visible Gold Mines expands Horsefly property in Quebec

2026-10-01 19:01 ET - News Release

Mr. Jean-Marc Lacoste reports

VISIBLE GOLD EXPANDS ITS DISTRICT-SCALE HORSEFLY GOLD PROPERTY BY STAKING 144 KM2 OF NEW CLAIMS ADJACENT TO IAMGOLD'S NELLIGAN MINING COMPLEX

Visible Gold Mines Inc. has expanded its wholly owned Horsefly property through the staking of 266 additional mining claims adjacent to Iamgold's Nelligan mining complex in Quebec's Chibougamau mining camp.

The Horsefly property, now comprising 643 mining claims, is strategically located in the Eeyou Istchee James Bay region of Quebec, approximately 140 kilometres northeast of Lebel-sur-Quevillon and 45 km southwest of Chapais. The property is situated within the prospective Chibougamau volcano-sedimentary belt -- a geological setting recognized for its gold-bearing potential.

Jean-Marc Lacoste, president and chief executive officer of Visible Gold, stated: "With Horsefly, we are assembling a district-scale project portfolio in what we believe will become one of Quebec's next major gold mining districts. The scale of the Nelligan mining complex, which hosts a combined mineral resource of 4.3 million ounces of gold (measured and indicated) and 7.5 million ounces (inferred) across three deposits, reinforces our strategy of securing underexplored ground with favoyrable geology throughout this emerging district. Our objective is to systematically advance these assets and unlock their exploration potential through disciplined technical work."

Visible Gold expects to receive the results of its preliminary exploration program, consisting of tree bark sampling, in the coming weeks. Exploration activities will then be expanded to the newly staked claims as the company continues its systematic evaluation of the district-scale property. Further updates will be provided as work advances.

All scientific and technical information of this press release has been reviewed and approved by Louis Martin, PGeo (OGQ), a consultant to the company and a qualified person for the purposes of National Instrument 43-101. Mr. Martin has reviewed and verified the historical assay results, and noted no errors or omissions during the data verification process. The company and Mr. Martin do not recognize any factors of sampling or recovery that could materially affect the accuracy or reliability of the historical assay data and exploration results disclosed in this news release.

About Visible Gold Mines Inc.

Visible Gold Mines is a mining exploration company focused on acquiring, exploring and developing gold projects in the prolific Abitibi gold belt and the James Bay region in the province of Quebec.

We seek Safe Harbor.

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