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Caprock Mining Corp
Symbol CAPR
Shares Issued 123,364,475
Close 2025-12-17 C$ 0.095
Market Cap C$ 11,719,625
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Caprock Mining expands Destiny gold drill program

2025-12-17 18:21 ET - News Release

Mr. Vishal Gupta reports

CAPROCK PROVIDES UPDATE ON DRILLING AND ANNOUNCES EXPANSION OF DRILL PROGRAM AT ITS DESTINY GOLD PROJECT

Caprock Mining Corp. has provided an update on its continuing drilling activities, and has expanded its drill program to test deep-seated, high-grade mineralization at its flagship Destiny gold property located near Val d'Or, Que.

Caprock's president and chief executive officer, Vishal Gupta, stated: "We're very excited to report that all three drill holes that have been completed to date during our current drill program have intersected significant zones of silica flooding with sulphide mineralization and intense shearing at approximately the same depths downhole as were expected based on our geological model for Destiny. Our technical team believes that this combination of characteristics is highly conducive to gold mineralization, based on our review of previously drilled holes on the property. A fourth hole is currently being drilled and is expected to be completed before we break for Christmas. Two thousand twenty-six is promising to be a defining year for Caprock as we anticipate publishing assay results from the current drill program starting in January."

Expansion of drill program and additional details

The intensity of drill core characteristics that are suitable for gold mineralization, the broad thicknesses of the potentially mineralized zones and the validation of the company's technical team's geological model for Destiny, has prompted management to expand the current drill program to continue into January and February of 2026, from the originally planned four drill holes totalling 1,700 to 2,000 metres to an eventual eight to nine drill holes totalling 4,500 to 5,000 metres.

All eight to nine drill holes in the current campaign are designed to target the (1) vertical gap of 200 to 250 metres from the floor of the conceptual open pit at the DAC deposit that was used for the generation of the current mineral resource estimate (MRE) at Destiny, to the high-grade zone intersected at depth by previously drilled holes DES-01-60 and DES-01-59, and (2) the lateral gap of over 200 metres between DES-01-60 and DES-01-59. These two historical drill holes produced intercepts with grades as high as 26.6 grams per tonne Au (gold) and 17.5 g/t Au, respectively, at approximately 550 metres depth below surface. The three holes drilled to-date in our current campaign have all intersected potentially the same mineralized horizon as DES-01-60 and DES-01-59.

Historical drill intercepts mentioned in this press release have been referenced from the "NI 43-101 Technical Report And Resource Estimate Of The DAC Deposit, Destiny Property, Quebec," prepared for Alto Ventures Ltd. and Pacific Northwest Capital Corp. by Todd McCracken, PGeo, of Wardrop a Tetra Tech company, with an effective date of March 1, 2011.

Details of the MRE at Destiny

The open pit-constrained MRE at Destiny contains the gold inventory as shown in the attached table.

About Caprock Mining Corp.

Caprock Mining is a Canadian mineral exploration company focused on exploring precious metals in Quebec and Ontario.

The company has an option to earn a 100-per-cent interest in the Destiny gold property that comprises 127 mineral claims and encompasses an area of 5,013 hectares located less than two hours' drive from Val d'Or, Que. Destiny lies along a major deformation corridor in the Abitibi greenstone belt that includes the prolific Cadillac-Larder Lake, Destor-Porcupine and Casa Berardi fault zones which host numerous producing and development-stage gold deposits. The project overlies a 6.0-kilometre-long segment of the poorly explored Despinassy shear zone which is a splay off the regional Chicobi fault. Destiny hosts a significant, open pit-constrained, National Instrument 43-101-compliant mineral resource estimate published in March, 2025.

Additionally, the company holds a 100-per-cent interest in three gold exploration properties in the historical Beardmore-Geraldton gold belt of Ontario -- a belt that has produced over four million ounces of gold historically, and contains the sizeable Greenstone gold project (formerly known as the Hardrock gold project) which is being brought to production by Equinox Gold.

Qualified person

The scientific and technical information disclosed in this release has been reviewed and approved by Suzie Tremblay, who is a practising member of the Ordre Des Geologues Du Quebec (OGQ No. 10664) and considered a qualified person as defined under NI 43-101. All geoscience-related activities for Destiny are being conducted under the supervision of Ms. Tremblay, who is also the vice-president of operations for Explo-Logik Inc., a geological services company based in Val d'Or that has been contracted by Caprock for Destiny.

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