Dr. Marc-Antoine Audet reports

SRQ RESOURCES: MINERAL RIGHTS RESTORED AT LAC BRULE'S TARGET 900

SRQ Resources Inc. has signed an agreement with Ministere des Ressources naturelles et des Forets (MRNF; Quebec's Ministry of Natural Resources and Forests), whereby the MRNF has lifted the temporary suspension of mineral rights below a biological refuge by restoring its underlying mineral claims. SRQ is delighted with this agreement and remains committed to respecting the above-ground biodiversity within the periphery of the former refuge.

SRQ already holds a drilling permit for Target 900 (see Dec. 3, 2024, press release), which encompasses the entire prospective area. Furthermore, additional target sectors have been identified within a 15-kilometre radius through gravimetry and electromagnetic (EM) surveys.

Highlights:

• Mineral claims have been restored at Target 900 overlying the previously temporary refuge.
• The company holds an autorisation de travaux a impact (ATI), the authorization of impact-causing exploration work for an area of 13.6 square kilometres surrounding Target 900.
• Target 900 is characterized by a robust gravitational anomaly measuring three kilometres by two kilometres, starting 600 metres below surface.
• Target 900 is aligned with an airborne EM conductor starting 500 metres below surface, suggesting significant depth and lateral extension.
• The target is situated on the northern flank and hinge of Lac Brule's folded magmatic intrusive complex (IC), an extensive surface expression formed at the end of the Grenville orogeny.

Dr. Marc-Antoine Audet, PhD, PGeo, chief executive officer and president of SRQ, said: "We are delighted that our win-win agreement with the MRNF allows for both protection of above-ground forest biodiversity and restoration of mineral rights below the refuge. Together with our recently issued ATI, this gives us the green light to test Target 900 with surface geophysics and a summer drilling program.

"Target 900's geophysical characteristics suggest considerable prospectivity for copper and nickel mineralization both at depth and laterally. We look forward to providing more visibility on this potential to our stakeholders this year."

The EM conductor overlying the Target 900 high-gravimetry response starts from 500 metres from surface and increases in intensity up to the technological limits of the 2021 Xcalibur airborne EM survey at 600 metres below surface.

The expected EM continuity at depth coincides with the large, elevated gravimetry response starting from 600 metres below surface and extending at depth.

Surface mapping, together with borehole LB-24-29 drill results, the gravimetry and EM responses described above, makes Target 900 a prime target for nickel and copper mineralization.

Target 900 and regional potential

Continuing surface regional geological mapping has outlined a very large IC that appears to be deeply rooted. The size of the IC is visible at surface due to the extent of a magmatic-originated anorthosite/leucogabbro unit overlying intrusive pyroxenite members (specifically outlined with the 735 metres of undeformed and unmetamorphosed magmatic pyroxenite of hole LB-24-29; see June 6, 2024, press release). The shape of the IC was defined using a combination of magnetic surveys and detailed geological mapping of more than 160 and 25 surface outcrops of magmatic anorthosite/leucogabbro and pyroxenite.

The IC is located in the hinge of a large fold and also on the south and north limbs of the fold. Hole LB-24-29 ended approximately 250 metres east of the core of the anomaly. Despite missing the core by such a distance, the hole intersected several mineralized zones, including 1.51 metres at 0.42 per cent copper and 0.25 per cent nickel, underscoring the mineralized potential of the entire system.

The Lac Brule property is located six hours by car from Montreal and 50 kilometres west from the former Renzy copper-nickel mine.

Qualified person

The technical information in this release has been reviewed and approved by Dr. Marc-Antoine Audet, PhD (geology), PGeo, president and chief executive officer of SRQ Resources, and a qualified person, as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About SRQ Resources Inc.

SRQ is a Canadian base metal company exploring for nickel, copper and platinum in the province of Quebec.

A near-surface nickel-y project, Lac Brule is located on a greater-than-300-square-kilometre virgin exploration property at a five-hour drive from Montreal. The project's prospectivity for base metals has been confirmed by drilling, geological mapping, the presence of a surface gossan and geophysical surveys. The presence of the historic Renzy nickel-copper mine, located 50 kilometres to the southeast and at the heart of the large regional pattern, further adds to the area's mineral exploration appeal.

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