Mr. Rory Quinn reports

LARGE GRAVITY ANOMALIES ALIGN WITH BONANZA-GRADE GOLD AND SILVER AND STRONG ELECTROMAGNETIC ANOMALIES AT STAR RIVER

Yukon Metals Corp. has provided compelling results from gravimetric geophysical fieldwork on its road-accessible 715-hectare Star River project located near Ross River, Yukon.

Highlights:

• Dense areas that strongly suggest the presence of substantial mineralization;
• Two prominent 800-metre-long parallel anomalies identified in the southern portion of the property are strongly correlated with previously identified electromagnetic anomalies;
• Multiple gravity anomalies are associated with historical showings of highly elevated gold and silver in 2024 rock-chip samples;
• Additional gravity anomalies detected in underexplored areas throughout the property indicating compelling additional targets.

Rory Quinn, president and chief executive officer, stated: "We are very excited to have developed such compelling targets for a substantial drill program at Star River. The company invested in multiple tools to triangulate its absolute highest-priority drill targets. The 800-metre-long gravity anomaly at F2, overlapped with a powerful electromagnetic anomaly at SR-3 shown in figures 1 to 3 [in the original version of this news release], is supported by surface samples of up to 101 g/t gold, and multiple samples of over 1,000 g/t silver. This will be the focus of our first drilling at Star River.

"Star River is a target-rich environment. In the south we have an underexplored parallel 800-metre-long anomaly, and in the north, we have multiple additional targets featuring bonanza grade silver of 10,936 g/t in addition to multiple samples of over 1,000 g/t silver."

Two strong continuous anomalies were identified in the southern portion of the survey coincident with modelled zones of high conductivity from the previously reported TDEM survey at F2 and F3 showings. In the northern portion of the property, the gravity survey identified multiple anomalous high-density zones associated with most historical showings as well as a standout gravity high associated with the Key 35 showing.

The gravity survey results are noteworthy due to their association with areas of known mineralization and previously identified electromagnetic anomalies, highlighting the potential for zones of mineralization. Additionally, this survey has indicated numerous unexplored anomalies across the property, further expanding the scope for discovery and emphasizing the strong exploration potential of the area.

Further information

In September, 2024, Aurora Geosciences completed ground-based gravity and time-domain electromagnetic (TDEM) surveys at the Star River property to assist in target definition and support drill hole planning. The gravity survey was completed over most of the Star River property. Particular attention was paid to the southern block, where TDEM survey data was previously released. An area of three kilometres by four kilometres was surveyed with a 100 m line and station spacing, including additional infill at 50 m by 50 m spacing over the F3, F2, Lap 10 and Key 3 showing areas. The program overlaps with the previously released TDEM survey on the southern portion of the property. The results of the combined gravity and TDEM surveys as well as 2024 prospecting and sampling program will be used to effectively generate high-quality targets for future drilling campaigns.

South block

The comparison of TDEM results with gravity data highlights coincident gravity high anomalies associated with Maxwell plates SR-3 and SR-4, which are interpreted as strong indicators of exploration potential. Notably, gravity highs are often linked to areas with high concentrations of lead, silver and gold, provided sufficient density contrast exists. The SR-4 plate demonstrates a stronger correlation, with the main gravity anomaly positioned near the top of the northerly dipping plate, while the anomaly over the SR-3 plate resolves further down dip. These findings are further validated by the presence of known showings in these areas as well as anomalous silver and gold in rock chip samples during the 2024 field season.

Maxwell plate models from the TDEM survey SR-1 and SR-2 do not directly coincide with gravity anomalies. SR-1, in an underexplored area, sits within a gravity low response unlike the anomalies to the east and suggests the TDEM conductivity high here may be related to a conductive geologic unit rather than a higher density mineralized body.

The lack of response seen with the SR-2 plate is likely due to its steeper dip, creating a reduced response footprint and/or because it is located at the edge of both surveys resulting in incomplete coverage. Rock-chip sampling over the SR-2 area shows elevated gold values within an oxidized manto. Additional gravity stations in this area may further resolve any density anomalies.

North block

The northern portion of the gravity survey grid identified several anomalies associated with historical polymetallic vein showings including at FLT, Key 9, Lap 10, Key 3 and Blazed Tree. One notable anomaly in a yet unnamed area is proximal to the rock-chip float sample identified in the 2024 prospecting program of 10,936 g/t silver. In addition, the Key 35 showing gravity anomaly is of particular interest as it appears as a well-isolated, strong gravity high anomaly within an otherwise lower amplitude area. Rock-chip sampling in this area showed elevated gold values in a massive pyrite vein.

About the Star River project

Yukon Metals owns 100 per cent of the Star River base and precious metals project accessible by all-season road from the Robert Campbell Highway and adjacent to the former Ketza mine haul road. The project is host to multiple showings of polymetallic carbonate replacement mineralization and quartz-sulphide veins first discovered in the 1950s. Remnants of underground and surface workings using historical exploration techniques are visible around much of the property and tied together with previously established access roads and trails branching from the Ketza mine road.

Qualified person

The technical content of this news release has been reviewed and approved by Helena Kuikka, PGeo, vice-president of exploration for Yukon Metals and a qualified person (as defined by National Instrument 43-101).

About Yukon Metals Corp.

Yukon Metals is well financed and represents a property portfolio built on over 30 years of prospecting by the Berdahl family, the prospecting team behind Snowline Gold's portfolio of primary gold assets. The Yukon Metals property portfolio, now over 42,000 hectares, consists primarily of copper-gold and silver-lead-zinc assets, with a substantial gold and silver component. The company is led by an experienced board of directors and management team across technical and finance disciplines.

Yukon Metals is focused on fostering sustainable growth and prosperity within Yukon's local communities, while simultaneously enhancing stakeholder value. The company's strategy centres around inclusivity and shared prosperity, offering both community members and investors the chance to contribute to, and benefit from, the company's ventures.

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