Tag: GlobeNewswire

TORONTO, Oct. 07, 2026 (GLOBE NEWSWIRE) — Fredonia Mining Inc. (“Fredonia” or the “Company”) (TSXV: FRED) has filed a technical report supporting the disclosure of the results of a preliminary economic assessment (“PEA”) on its wholly-owned El Dorado Monserrat gold & silver project in Santa Cruz province, Argentina (the “EDM” Project). The results of the PEA were disclosed in a news release dated August 31, 2026.

The technical report is entitled “NI 43-101 Technical Report – Preliminary Economic Assessment, El Dorado – Monserrat Gold-Silver Project” (the “Technical Report”), and has an effective date of August 17, 2026. The Technical Report was prepared by Messrs. Sergio Alvarado Casas, R.M. (Geology) of the Comisión Calificadora de Competencias en Recursos y Reservas Mineras de Chile (“CMC”) (#004), Ricardo Muñoz González, R.M. (Mining) of the CMC (#005) and MAusIMM (Registration No. 312,131), and Carlos Puga Gómez, R.M. (Mining) of the CMC (#180). Each of Messrs. Casas, González and Gómez are “qualified persons” as defined by Canadian National Instrument 43-101.

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved for disclosure by Sergio Alvarado Casas, Geologist, a Qualified Person as defined by NI 43-101. Mr. Alvarado is a Registered Member (R.M. No. 004) of the CMC and a Member of the Australasian Institute of Mining and Metallurgy (MAusIMM No. 3210103), both of which are Accepted Foreign Associations under Appendix A to Companion Policy 43-101CP. Mr. Alvarado is the principal author of the Technical Report and provides services to Fredonia Mining Inc. as an independent consultant through Geoinvest Limitada. He is independent of the Company within the meaning of NI 43-101.

About Fredonia

Fredonia holds gold and silver license areas totaling approximately 64,000 ha in the prolific Deseado Massif geological region in the Province of Santa Cruz, Argentina, including its flagship advanced EDM project (approximately 33,500 ha) located close to AngloGold Ashanti’s Cerro Vanguardia gold-silver mine (which produced approximately 180,000 ounces of gold during the twelve months ended June 30, 2026*), the El Águila project (approximately 9,100 ha), and the Hornia project (approximately 21,500 ha).

^{* Source: AngloGold Ashanti plc’s 2025 Form 20-F and Q2 2026 Earnings Release: Operating Statistics. The twelve-month production figure was calculated from the reported production of 179,000 ounces of gold in 2025, less 94,000 ounces produced during the six months ended June 30, 2025, plus 95,000 ounces produced during the six months ended June 30, 2026. Scientific and technical information concerning the Cerro Vanguardia mine has been obtained from publicly available disclosure by AngloGold Ashanti plc and has not been independently verified by the Company’s Qualified Person. Information concerning Cerro Vanguardia is not necessarily indicative of the mineralization, Mineral Resources, or Mineral Reserves on, or the economic potential of, the EDM Project.}

For further information: Please review the Company’s continuous disclosure filings available on SEDAR+ at www.sedarplus.ca and visit the Company’s website at www.fredoniamanagement.com or contact: Estanislao Auriemma, Chief Executive Officer, Direct +54 91 149 980 623, Email: estanislao.auriemma@gmail.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Drilling¹ at Pamour Pit continues to confirm and extend mineralization near east and west limits³

• West Pit: 40.64 gpt² over 5.4m²; 3.64 gpt over 9.8m; 11.25 gpt over 10.5m; 2.06 gpt over 13.5m; 1.03 gpt over 17.1m; 3.54 gpt over 6.7m, 1.79 gpt over 14.5m.
• East Pit: 42.37 gpt over 5.1m; 2.01 gpt over 20.7m; 1.80 gpt over 29.0m; 4.58 gpt over 20.7m; 7.39 gpt over 18.0m; 1.86 gpt over 20.0m; 3.61 gpt over 8.8m; 2.86 gpt over 12.5m; 1.76 gpt over 14.6m; 1.09 gpt over 22.3m

Drilling at Pamour West confirms and extends mineralization 900 m east of Broulan Pit ³

• 5.04gpt over 10.0m; 6.05 gpt over 5.0m; 4.08 gpt over 11.3m; 3.64 gpt over 10.2m; 2.01 gpt over 12.0m; 2.24 gpt over 12.6m; 4.85 gpt over 5.0m; 1.08 gpt over 9.8m; 2.54 gpt over 8.0m; 2.41 gpt over 8.7m

Drilling at North Contact Zone continues to expand mineralization to north of Pamour pit³

• 1.43 gpt over 23.7m; 4.36 gpt over 6.0m; 2.50 gpt over 8.4m; 3.83 gpt over 5.0m; 1.83 gpt over 10.5m

1. All assays are reported uncut.
2. In this news release, “gpt” refers to grams per tonne, and “m” refer to metres.
3. Intervals are reported using core lengths only as true widths are not known at this time.

TORONTO, Oct. 07, 2026 (GLOBE NEWSWIRE) — Discovery Mining Ltd. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today reported results from ongoing exploration at the Pamour Mine, as part of the Company’s 255,000 – 285,000 m 2026 exploration program. The results, which include 52 holes (16,827.4 m), continued to confirm and expand mineral resources in all three phases of the current open-pit mine plan, and continued to return high-grade intersections at multiple targets located close to the existing resource.

Tony Makuch, Discovery’s CEO, commented: “We continue to receive excellent drilling results at Pamour that have successfully extended mineralization beyond the current resource, identified new zones of higher-grade mineralization, and demonstrated strong continuity of gold-bearing structures across multiple target areas. With a strike length of over 4 kilometres and drilling success along the North Contact Zone, Pamour is increasingly well positioned to become a substantially larger and more valuable mining operation. Today’s results continue to confirm and extend the mineralization within, along strike and to depth of the current resource pit design. They also include encouraging results between Pamour West and the historic Pamour Pit, a key area in terms of establishing continuity of the mineralization across the large Pamour property. In addition, the drill results from along the North Contact Zone highlight the opportunity we have to extend the operation to the north. Considering the drilling results to date, we believe the potential for significant expansion at Pamour continues to look excellent.”

The 52 holes reported today targeted test areas within and surrounding the large open-pit resource at Pamour, which includes 64.8 million tonnes grading 1.30 gpt (2.70 million ounces) in the Indicated Resource category and 23.3 million tonnes grading 1.34 gpt (1.00 million ounces) in the Inferred Resource category (Figure 1).

Link to 3D visuals: https://vrify.com/decks/24444

The Pamour Mine is located approximately 20 km east of Timmins on the north side of the Destor Porcupine Fault Zone and straddles the unconformity between Tisdale Group volcanics and Timiskaming sediments. Mineralization at the mine is closely associated with quartz veining, which can occur in single veins, vein arrays, stockworks as well as pyrite both along the unconformity and in volcanics to the north.
  
Drilling was focused on four main areas including the Pamour Pit (East and West), Pamour West (Broulan #5 Pit), and the North Contact Zone. The drilling represents a continuation of a program which commenced in the second quarter of 2025 to convert and extend resources in preparation for an updated mineral resource estimate early in 2027.

Drilling at the Pamour pit included 24 holes (9,071.7 m) targeting near the east and west limits of the current resource.

Significant results from the east portion of the Pamour pit include: 1.80 gpt over 29.0m, 4.58 gpt over 20.7m, and 7.39 gpt over 18.0m in hole PAM26-0297; 2.01 gpt over 20.7m and 0.91 gpt over 11.7m in hole PAM26-0288; 1.06 gpt over 13.2m and 1.76 gpt over 14.6m in hole PAM26-0248; 1.25 gpt over 6.0m, 2.86 gpt over 12.5m, and 1.09 gpt over 22.3m in hole PAM26-0251; 1.78 gpt over 5.0m and 2.21 gpt over 12.2m in hole PAM26-0259; 42.37 gpt over 5.1m in PAM26-0263; 3.61 gpt over 8.8m and 1.09 gpt over 7.0m in hole PAM26-0267; 1.86 gpt over 20.0m and 1.17 gpt over 10.9m in hole PAM26-0269A; (Table 1). It is important to note is that holes PAM26-0288 and PAM26-0297 intersected mineralization just to the north and below the current resource pit, highlighting the potential for further expansion along strike and to depth.

Significant results from the west portion of the pit include: 1.79 gpt over 14.5m in hole PAM26-270A; 3.64 gpt over 9.8m in hole PAM25-0122; 40.64 gpt over 5.4m and 1.25 gpt over 4.3m in hole PAM25-0138; 11.25 gpt over 10.5m, 1.50 gpt over 12.9m, 1.33 gpt over 4.8m, 0.86 gpt over 12.1m, 2.09 gpt over 7.0m and 2.06 gpt over 13.5m in hole PAM26-0156; 1.01 gpt over 10.0m and 2.70 gpt over 6.0m in hole PAM26-0189; 1.12 gpt over 9.5m, 1.20 gpt over 10.5m, and 1.03 gpt over 17.1m in hole PAM26-0193; and 1.58 gpt over 12.1m, 1.60 gpt over 5.7m, and 3.54 gpt over 6.7m in hole PAM26-0256.

Drilling at Pamour West included 18 holes (4,671.7 m) to test areas surrounding and up to a kilometre east of the historic Broulan open pit. Significant results from the area surrounding the historic open pit include: 4.08 gpt over 11.3m in hole PAM26-0286LR; 3.64 got over 10.2m, 2.41 gpt over 8.7m, 2.75 gpt over 5.0m, 1.06 gpt over 4.6m, and 2.53 gpt over 6.5m in hole PAM26-0221; 6.05 gpt over 5.0m, 2.67 gpt over 3.1m and 1.51 gpt over 15.0m in hole PAM26-0282LR; 2.54 gpt over 8.0m and 1.91 gpt over 7.0m in hole PAM26-0268A; 2.24 gpt over 12.6m and 1.83 gpt over 7.0m in hole PAM26-0229 and significant results from the area to the east include 5.04 gpt over 10.0m and 2.37 gpt over 3.7m, in hole PAM26-0299; 4.85gpt over 5.0m in hole PAM26-0247; 1.52 gpt over 11.0m, 1.08 gpt over 9.8m, 2.08 gpt over 5.9m and 1.45 gpt over 7.5m in hole PAM26-0196 and; 2.01 gpt over 12.0m and 3.82 gpt over 5.0m in hole PAM26-0311. Results from the new holes indicate that the mineralization coincides with zones of increased quartz veining and pyrite along the same volcanic-sedimentary contact hosting the historic Pamour Pit, located approximately 1.5 km to the northeast of the historic Broulan pit, with the most easterly hole drilled being 900 m east of the Broulan pit and 600 m from the historic Pamour Pit. The potential to add additional mineralization along the same contact with further drilling in the area between the two pits is considered excellent.

Drilling at the North Contact Zone includes 10 holes (3,084 m) which targeted a major east – west trending volcanic sedimentary contact located directly north of the phase 2 pit and into an untested gap in drilling between historic holes located 600 m to the east and 900 m to the west. Significant results from the new drilling include: 1.43 gpt over 23.7m in hole PAM26-0265; 4.36 gpt over 6.0m in hole PAM26-0271; 2.50 gpt over 8.4m, 3.83 gpt over 5.0m and 1.01 gpt over 11.0m in hole PAM26-0283; 1.83 gpt over 10.5m in hole PAM26-0227; 3.15 gpt over 4.5m, 0.92 gpt over 14.4m, and 1.02 gpt over 7.4m in hole PAM26-0232. Based on a review of the results, the new holes continue to expand mineralization to the north of the current Pamour resource pit.

Considering drilling results to date, Discovery believes the potential for significant expansion continues to look excellent. Recent drilling has successfully extended mineralization beyond the current resource envelope, identified new zones of higher-grade mineralization, and demonstrated strong continuity of gold-bearing structures across multiple target areas.

The drill program remains ongoing, with one drill focused on the Pamour open pit area, two drills testing the Pamour West target, and a drill operating at the North Contact Zone.

Figure 1. Pamour Drill Results 

Table 1: Intercepts from the Pamour Open Pit Mine1,2,3
Zone	Hole ID		Total Hole Depth		From		To		Core length		Au	Notes
					(m)		(m)		(m)		(g/t)
Broulan #5	PAM26-0196		432.0		17.0		28.0		11.0		1.52	6.19 gpt / 0.5 m
					208.5		218.3		9.8		1.08
					261.1		267.0		5.9		2.08	6.46 gpt / 0.8 m
					316.0		323.5		7.5		1.45
	PAM26-0221		309.0		102.3		111.0		8.7		2.41	6.93 gpt / 0.4 m 17.30 gpt / 1.0 m
					191.7		196.3		4.6		1.06
					256.0		262.5		6.5		2.53	7.08 gpt / 1.8 m
					274.5		284.7		10.2		3.64	11.00 gpt / 2.1 m 5.13 gpt / 0.6 m 7.82 gpt / 0.9 m
					296.0		301.0		5.0		2.75	6.36 gpt / 0.7 m
	PAM26-0229		253.0		149.0		161.6		12.6		2.24	12.5 gpt / 0.6 m
					212.0		219.0		7.0		1.83	5.18 gpt / 1.0 m
	PAM26-0247		405.0		306.0		311.0		5.0		4.85	23.5 gpt / 1.0 m
	PAM26-0254		201.0		166.3		171.0		4.7		3.36	12.20 gpt / 0.7 m
	PAM26-0268A		324.0		243.0		250.0		7.0		1.91	7.48 gpt / 0.9 m
					256.0		264.0		8.0		2.54	8.44 gpt / 0.5 m 6.29 gpt / 0.5 m
	PAM26-0286LR		241.9		145.0		156.3		11.3		4.08	47.20 gpt / 0.6 m 10.80 gpt / 05 m 6.50 gpt / 1.3 m
	PAM26-0290		352.6		32.0		40.4		8.4		1.71	23.7 gpt / 0.4 m
					90.6		95.2		4.6		1.20	5.92 gpt / 0.3 m
					105.0		112.3		7.3		1.54	8.93 gpt / 0.7 m
					235.1		242.0		6.9		1.91	5.17 gpt / 0.5 m 9.49 gpt / 0.4 m 5.56 gpt / 0.5 m
					253.0		258.9		5.9		2.88	6.97 gpt / 2.1 m
					334.0		339.0		5.0		4.44	8.85 gpt / 0.7 m 36.90 gpt / 0.4 m
	PAM26-0299		179.7		32.0		41.5		9.5		1.10
					121.0		131.0		10.0		5.04	6.82 gpt / 0.6 m 18.70 gpt / 0.8 m 6.75 gpt / 0.5 m 13.4 gpt / 0.8 m
					176.0		179.7		3.7		2.37	5.70 gpt / 0.7 m
	PAM26-0308		222.0		60.0		76.3		16.3		1.12	5.13 gpt / 0.5 m
					132.3		138.0		5.7		1.49
					153.0		157.5		4.5		1.11	7.71 gpt / 0.3 m
	PAM26-0273		300.0		112.3		116.5		4.2		1.05	5.60 gpt / 0.5 m
					222.0		226.2		4.2		4.35	13.80 gpt / 0.9 m
	PAM26-0282LR		135.0		50.5		65.5		15.0		1.51	7.06 gpt / 1.5 m
					121.0		124.1		3.1		2.67	16.60 / 0.4 m
					130.0		135.0		5.0		6.05	7.45 gpt / 1.0 m 13.60 gpt / 1.5 m
	PAM26-0296		358.5		50.0		59.0		9.0		1.22	5.34 gpt / 0.6 m
					76.5		83.8		7.3		1.72	7.09 gpt / 0.8 m
					116.6		121.4		4.8		1.45
					161.5		170.0		8.5		1.63
					183.0		187.0		4.0		1.95
					268.5		273.0		4.5		2.70	7.97 gpt / 1.5 m
	PAM26-0311		411.0		169.0		174.0		5.0		3.82	8.97 gpt / 2.0 m
					206.0		218.0		12.0		2.01	9.06 / 1.0 m
Pamour West Pit	PAM25-0122		475.0		173.2		183.0		9.8		3.64	18.90 gpt / 0.3 m 8.76 gpt / 0.7 m 74.00 gpt / 0.3 m
	PAM25-0138		513.0		142.5		146.8		4.3		1.25	9.68 gpt / 1.5m
					453.2		458.6		5.4		40.64	41.20 gpt / 0.8m 309.00 gpt / 0.6m
	PAM26-0156		600.0		58.2		71.1		12.9		1.50	18.30 gpt / 0.7 m
					167.2		172.0		4.8		1.33	8.97 gpt / 0.4 m
					241.0		251.5		10.5		11.25	142.00 gpt / 0.7 m 6.36 gpt / 0.8 m 6.41 gpt / 0.7 m
					334.0		346.1		12.1		0.86	7.15 gpt / 0.5 m 5.37 gpt / 0.4 m
					442.0		449.0		7.0		2.09	9.60 gpt / 0.5 m
					495.0		508.5		13.5		2.06	17.90 gpt / 0.9 m
	PAM26-0189		291.0		44.0		54.0		10.0		1.01
					250.5		256.5		6.0		2.70	10.70 gpt / 1.5 m
	PAM26-0193		348.0		18.0		27.5		9.5		1.12
					135.5		146.0		10.5		1.20
					300.5		317.6		17.1		1.03	6.36 gpt / 0.4 m
	PAM26-0252		333.0		131.7		139.0		7.3		0.75
	PAM26-0256		357.0		77.6		89.7		12.1		1.58	5.89 gpt / 1.0 m
					96.9		102.6		5.7		1.60
					138.5		145.2		6.7		3.54
	PAM26-0260		237.0		69.0		73.8		4.8		2.06	11.80 gpt / 0.7 m
					172.5		178.5		6.0		2.02	5.75 gpt / 1.5 m
	PAM26-0270A		237.0		173.0		187.5		14.5		1.79	5.88 gpt/ 1.0 m 8.86 gpt / 1.5 m
North Contact	PAM26-0190		507.0		36.2		42.5		6.3		1.41
					276.0		287.0		11.0		1.03
	PAM26-0227		426.0		279.0		289.5		10.5		1.83
	PAM26-0232		453.0		38.9		43.4		4.5		3.15	8.26 gpt / 1.50 m
					67.4		81.8		14.4		0.92
					335.6		343.0		7.4		1.02
	PAM26-0265		228.0		69.0		92.7		23.7		1.43	8.22 gpt / 0.4 m 9.82 gpt / 0.6 m
	PAM26-0271		336.0		246.0		252.0		6.0		4.36	23.30 gpt / 1.1 m
	PAM26-0281		150.0		79.0		84.3		5.3		2.11	9.59 gpt / 0.5 m
	PAM26-0283		282.0		168.0		176.4		8.4		2.50	7.49 gpt / 1.0 m
					217.0		222.0		5.0		3.83	18.50 gpt / 1.0 m
					238.0		249.0		11.0		1.01
Pamour East Pit	PAM26-0257		279.0		226.0		232.5		6.5		1.05
					239.0		250.0		11.0		0.86
	PAM26-0248		516.0		368.5		381.7		13.2		1.06	5.14 gpt / 0.5 m 6.26 gpt / 0.54 m
					429.4		444.0		14.6		1.76	5.63 gpt / 0.7 m
	PAM26-0251		600.0		310.0		316.0		6.0		1.25
					434.5		447.0		12.5		2.86	5.31 gpt / 1.0 m 5.86 gpt / 4.2 m
					476.0		498.3		22.3		1.09	8.50 gpt / 0.8 m 5.94 gpt / 0.5 m
	PAM26-0259		363.0		290.0		295.0		5.0		1.78	6.21 gpt / 1.0 m
					314.0		326.2		12.2		2.21	13.80 gpt / 0.7 m 5.92 gpt / 1.0 m 6.66 gpt / 0.6 m
	PAM26-0263		244.5		221.4		226.5		5.1		42.37	707.00 gpt / 0.3 m
	PAM26-0267		300.0		263.2		272.0		8.8		3.61	9.88 gpt / 1.0 m 7.44 gpt / 1.2 m
					279.0		286.0		7.0		1.09
	PAM26-0274		603.0		405.0		416.0		11.0		0.94
					486.0		491.0		5.0		1.84	6.62 gpt / 1.0 m
	PAM26-0280		522.0		278.0		284.0		6.0		0.77
	PAM26-0288		268.2		223.4		235.1		11.7		0.91
					245.0		265.7		20.7		2.01	27.40 gpt / 0.7 m 7.23 gpt / 0.8 m
	PAM26-0269A		609.0		431.0		451.0		20.0		1.86	6.61 gpt / 1.0 m
					519.1		530.0		10.9		1.17	9.22 gpt / 0.7 m
	PAM26-0297		474.0		228.0		257.0		29.0		1.80	5.17 gpt / 1.0 m 5.83 gpt / 1.0 m 6.66 gpt / 0.4 m
					333.3		354.0		20.7		4.58	5.72 gpt / 0.4 m 5.77 gpt / 0.4 m 17.5 gpt / 0.3 m 9.06 gpt / 1.7 m 10.21 gpt / 1.8 m 15.64 gpt / 1.5 m
					396.0		414.0		18.0		7.39	81.80 gpt / 0.3 m 88.8 gpt / 1.0 m
	PAM26-0300		264.0		228.2		235.0		6.8		1.97	19.00 / 0.3 m
					249.8		264.0		14.2		1.57	8.69 gpt / 0.7 m 5.33 gpt / 0.4 m 7.73 gpt / 0.4 m

1. All assays are reported uncut.
2. Intervals are reported using core lengths only as true widths are not known at this time.
3. Holes PAM26-0262, 0268, 0277, 0305LR, 0270, 0302, 0269, 0253, 0255, 0266 are not included in the table above as they have lower grade values.

QUALIFIED PERSONS

Discovery’s exploration programs at the Porcupine Operations are conducted under the supervision of Eric Kallio, P.Geo., Executive Vice President, Exploration and Growth, Kara Byrnes, P.Geo, Vice President, Exploration and Geology – Porcupine and Kristie Rioux, P.Geo., Senior Geologist. Mr. Kallio, Ms. Byrnes and Ms. Rioux are “qualified persons” for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators, and have reviewed and approved the scientific and technical information in this news release.

Readers are referred to the mineral resource estimate as set out in the Company’s current technical report entitled “Porcupine Complex, Ontario, Canada NI 43-101 Report on Preliminary Assessment” with an effective date of January 13, 2025 (the “Technical Report”), which is available under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca. Statements concerning mineral resource estimates may also be deemed to constitute forward looking information to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. The Technical Report includes the results of a preliminary economic assessment which is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be realized.

QA/QC CONTROLS

The Company follows a quality assurance and control (“QA/QC”) program to ensure that sampling and analysis of all exploration work is conducted in accordance with best practices.

At Pamour, core is logged and sampled in a secure facility at the Dome mine site and under supervision of Qualified Geologists. The NQ sized core is predominantly whole core sampled with select holes being sawn in half for future verification. CRM standards, coarse blank material and duplicates are inserted every 20 samples. Samples are picked up by Activation Laboratories and tracked via a chain of custody from site to the lab for preparation and assaying.

Discovery utilizes the accredited external lab Activation Laboratories to manage its core analysis. ActLabs is certified by the Standards Council of Canada which conforms with ASB-RG Mineral Analysis Laboratory for the Accreditation of Mineral Analysis Testing Laboratories and CAN-P-4E ISO/IEC 17025: General Requirements for the Competence of Testing and Calibration Laboratories.

Sample preparation includes crushing drill core up to 80% passing 2 mm, riffle splitting 500 grams and pulverizing to 95% passing 105 µm followed by both scheduled and specifically requested silica sand cleaning. Gold Analysis involves Fire Assay – Atomic Absorption technique from a 50-gram pulp sample with grade ranges between 5 to 10,000 ppb. Samples greater than 10,000 ppb are analyzed with a gravimetric finish. Selected high grade samples are also analyzed using the screen metallics procedure.

ABOUT DISCOVERY

Discovery Mining Ltd. is a growing precious metals company that is creating value for stakeholders through exposure to gold, silver and other critical minerals. Discovery is advancing plans to more than double annual gold production through investment in the Company’s Porcupine assets, which include multiple operations, attractive growth projects and significant exploration upside in one of the world’s most renowned gold camps in and near Timmins, Ontario. The acquisition of the Kidd Operations in June 2026 further increased Discovery’s land position within the camp, provided valuable infrastructure that will support the Company’s growing gold business, and added critical minerals to the Company’s current production profile. Discovery’s silver exposure comes mainly from the 100%-owned Cordero project, one of the world’s largest undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico.

On Behalf of the Board of Directors,

Tony Makuch, P. Eng
President, CEO & Chairman

For further information contact:         
Mark Utting, CFA
EVP Investor Relations and Communications
Phone: 416-806-6298
Email: mark.utting@dsvmining.com
Website: www.dsvmining.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Although Discovery believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Statements include but are not limited to the resource conversion and expansion potential at the Pamour mine site the anticipated results and timing associated with the updated exploration program at the Porcupine Complex; the ability to make new discoveries across the broader property; the ability to complete and the anticipated benefits associated from the development of the drill programs; the timing associated with a new mineral resource update planned in 2027 and the anticipated benefits thereof; the ability to convert and extend mineral resources at Pamour; the ability to extend the Pamour pit to the west and the to the north; the ability to relocate key infrastructure to enable the development of the larger Pamour Pit; the development of the Porcupine Operations and its attractive economics and significant exploration upside; construction decision and development, the results of the Technical Report and the anticipated capital and operating costs, sustaining costs, net present value, internal rate of return, the method of mining the Porcupine Operations, payback period, process capacity, average annual metal production, average process recoveries, concession renewal, permitting of the assets, anticipated mining and processing methods, feasibility study production schedule and metal production profile, anticipated construction period, anticipated mine life, expected recoveries and grades, anticipated production rates, infrastructure, social and environmental impact studies, the completion of key de-risking items, including the timing of receipt permits, availability of water and power, availability of labour, job creation and other local economic benefits, tax rates and commodity prices that would support development of the Project, and other statements that express management’s expectations or estimates of future performance, operational, geological or financial results Information concerning mineral resource/reserve estimates and the economic analysis thereof contained in the results of the feasibility study are also forward-looking statements in that they reflect a prediction of the mineralization that would be encountered, and the results of mining, if a mineral deposit were developed and mined. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties.

Factors that could cause actual results to differ materially from those described in forward-looking statements include the completion of the drill programs and the results thereon, the ability to complete the required drilling on a timely basis and the impact of the completion of such drill programs on the ability for the Company to prepare an updated resource estimate in 2027; fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market access restrictions or tariffs, changes in U.S. laws and policies regarding regulating international trade, including but not limited to changes to or implementation of tariffs, trade restrictions, or responsive measures of foreign and domestic governments, changes to cost and availability of goods and raw materials, along with supply, logistics and transportation constraints, changes in general economic conditions including market volatility due to uncertain trade policies and tariffs, , the actual results of current and future exploration activities; changes to current estimates of mineral reserves and mineral resources; conclusions of economic and geological evaluations; changes in project parameters as plans continue to be refined; the speculative nature of mineral exploration and development; risks in obtaining and maintaining necessary licenses, permits and authorizations for the Company’s development stage and operating assets; statements regarding the Porcupine Operations, including the results of technical studies and the anticipated capital and operating costs, sustaining costs , internal rate of return, concession or claim renewal, the projected mine life and other attributes of the Porcupine Operations, including net present value, the timing of any environmental assessment processes, reclamation obligations; operations may be exposed to new diseases, epidemics and pandemics, including any ongoing or future effects of COVID-19 (and any related ongoing or future regulatory or government responses) and its impact on the broader market and the trading price of the Company’s shares; provincial and federal orders or mandates (including with respect to mining operations generally or auxiliary businesses or services required for operations) in Canada and Mexico, all of which may affect many aspects of the Company’s operations including the ability to transport personnel to and from site, contractor and supply availability and the ability to sell or deliver mined silver; changes in national and local government legislation, controls or regulations; failure to comply with environmental and health and safety laws and regulations; labour and contractor availability (and being able to secure the same on favourable terms); disruptions in the maintenance or provision of required infrastructure and information technology systems; fluctuations in the price of gold or certain other commodities such as, diesel fuel, natural gas, and electricity; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges and changes to production estimates (which assume accuracy of projected ore grade, mining rates, recovery timing and recovery rate estimates and may be impacted by unscheduled maintenance); changes in foreign exchange rates (particularly the Canadian dollar, U.S. dollar and Mexican peso); the impact of inflation; geopolitical conflicts; employee and community relations; the impact of litigation and administrative proceedings (including but not limited to mining reform laws in Mexico) and any interim or final court, arbitral and/or administrative decisions; disruptions affecting operations; availability of and increased costs associated with mining inputs and labour; delays in construction decisions and any development of the Porcupine Operations; changes with respect to the intended method of mining and processing ore from the Porcupine Operations; inherent risks and hazards associated with mining and mineral processing including environmental hazards, industrial accidents, unusual or unexpected formations, pressures and cave-ins; the risk that the Company’s mines may not perform as planned; uncertainty with the Company’s ability to secure additional capital to execute its business plans; contests over title to properties; expropriation +or nationalization of property; political or economic developments in Canada and Mexico and other jurisdictions in which the Company may carry on business in the future; increased costs and risks related to the potential impact of climate change; the costs and timing of exploration, construction and development of new deposits; risk of loss due to sabotage, protests and other civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; risks arising from holding derivative instruments; and business opportunities that may be pursued by the Company. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. Discovery does not assume any obligation to update any forward-looking statements except as required under applicable laws. The risks and uncertainties that may affect forward-looking statements, or the material factors or assumptions used to develop such forward-looking information, are described under the heading “Risks Factors” in the Company’s Annual Information Form dated February 19, 2026, and the Company’s technical report (the “Technical Report”) entitled “Porcupine Complex, Ontario, Canada NI 43-101 Report on Preliminary Assessment” with an effective date of January 13, 2025, which is available under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca.

Preliminary Economic Assessment Disclaimer: The Technical Report includes the results of a preliminary economic assessment which is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be realized. Readers should refer to the full text of the Technical Report related to Mineral Resources and Mineral Reserves estimates as filed on www.sedarplus.ca.

A figure accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/73b80603-fad6-4491-90f3-e3fb0f1fbcda

Drilling¹ at Pamour Pit continues to confirm and extend mineralization near east and west limits³

• West Pit: 40.64 gpt² over 5.4m²; 3.64 gpt over 9.8m; 11.25 gpt over 10.5m; 2.06 gpt over 13.5m; 1.03 gpt over 17.1m; 3.54 gpt over 6.7m, 1.79 gpt over 14.5m.
• East Pit: 42.37 gpt over 5.1m; 2.01 gpt over 20.7m; 1.80 gpt over 29.0m; 4.58 gpt over 20.7m; 7.39 gpt over 18.0m; 1.86 gpt over 20.0m; 3.61 gpt over 8.8m; 2.86 gpt over 12.5m; 1.76 gpt over 14.6m; 1.09 gpt over 22.3m

Drilling at Pamour West confirms and extends mineralization 900 m east of Broulan Pit ³

• 5.04gpt over 10.0m; 6.05 gpt over 5.0m; 4.08 gpt over 11.3m; 3.64 gpt over 10.2m; 2.01 gpt over 12.0m; 2.24 gpt over 12.6m; 4.85 gpt over 5.0m; 1.08 gpt over 9.8m; 2.54 gpt over 8.0m; 2.41 gpt over 8.7m

Drilling at North Contact Zone continues to expand mineralization to north of Pamour pit³

• 1.43 gpt over 23.7m; 4.36 gpt over 6.0m; 2.50 gpt over 8.4m; 3.83 gpt over 5.0m; 1.83 gpt over 10.5m

1. All assays are reported uncut.
2. In this news release, “gpt” refers to grams per tonne, and “m” refer to metres.
3. Intervals are reported using core lengths only as true widths are not known at this time.

TORONTO, Oct. 07, 2026 (GLOBE NEWSWIRE) — Discovery Mining Ltd. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today reported results from ongoing exploration at the Pamour Mine, as part of the Company’s 255,000 – 285,000 m 2026 exploration program. The results, which include 52 holes (16,827.4 m), continued to confirm and expand mineral resources in all three phases of the current open-pit mine plan, and continued to return high-grade intersections at multiple targets located close to the existing resource.

Tony Makuch, Discovery’s CEO, commented: “We continue to receive excellent drilling results at Pamour that have successfully extended mineralization beyond the current resource, identified new zones of higher-grade mineralization, and demonstrated strong continuity of gold-bearing structures across multiple target areas. With a strike length of over 4 kilometres and drilling success along the North Contact Zone, Pamour is increasingly well positioned to become a substantially larger and more valuable mining operation. Today’s results continue to confirm and extend the mineralization within, along strike and to depth of the current resource pit design. They also include encouraging results between Pamour West and the historic Pamour Pit, a key area in terms of establishing continuity of the mineralization across the large Pamour property. In addition, the drill results from along the North Contact Zone highlight the opportunity we have to extend the operation to the north. Considering the drilling results to date, we believe the potential for significant expansion at Pamour continues to look excellent.”

The 52 holes reported today targeted test areas within and surrounding the large open-pit resource at Pamour, which includes 64.8 million tonnes grading 1.30 gpt (2.70 million ounces) in the Indicated Resource category and 23.3 million tonnes grading 1.34 gpt (1.00 million ounces) in the Inferred Resource category (Figure 1).

Link to 3D visuals: https://vrify.com/decks/24444

The Pamour Mine is located approximately 20 km east of Timmins on the north side of the Destor Porcupine Fault Zone and straddles the unconformity between Tisdale Group volcanics and Timiskaming sediments. Mineralization at the mine is closely associated with quartz veining, which can occur in single veins, vein arrays, stockworks as well as pyrite both along the unconformity and in volcanics to the north.
  
Drilling was focused on four main areas including the Pamour Pit (East and West), Pamour West (Broulan #5 Pit), and the North Contact Zone. The drilling represents a continuation of a program which commenced in the second quarter of 2025 to convert and extend resources in preparation for an updated mineral resource estimate early in 2027.

Drilling at the Pamour pit included 24 holes (9,071.7 m) targeting near the east and west limits of the current resource.

Significant results from the east portion of the Pamour pit include: 1.80 gpt over 29.0m, 4.58 gpt over 20.7m, and 7.39 gpt over 18.0m in hole PAM26-0297; 2.01 gpt over 20.7m and 0.91 gpt over 11.7m in hole PAM26-0288; 1.06 gpt over 13.2m and 1.76 gpt over 14.6m in hole PAM26-0248; 1.25 gpt over 6.0m, 2.86 gpt over 12.5m, and 1.09 gpt over 22.3m in hole PAM26-0251; 1.78 gpt over 5.0m and 2.21 gpt over 12.2m in hole PAM26-0259; 42.37 gpt over 5.1m in PAM26-0263; 3.61 gpt over 8.8m and 1.09 gpt over 7.0m in hole PAM26-0267; 1.86 gpt over 20.0m and 1.17 gpt over 10.9m in hole PAM26-0269A; (Table 1). It is important to note is that holes PAM26-0288 and PAM26-0297 intersected mineralization just to the north and below the current resource pit, highlighting the potential for further expansion along strike and to depth.

Significant results from the west portion of the pit include: 1.79 gpt over 14.5m in hole PAM26-270A; 3.64 gpt over 9.8m in hole PAM25-0122; 40.64 gpt over 5.4m and 1.25 gpt over 4.3m in hole PAM25-0138; 11.25 gpt over 10.5m, 1.50 gpt over 12.9m, 1.33 gpt over 4.8m, 0.86 gpt over 12.1m, 2.09 gpt over 7.0m and 2.06 gpt over 13.5m in hole PAM26-0156; 1.01 gpt over 10.0m and 2.70 gpt over 6.0m in hole PAM26-0189; 1.12 gpt over 9.5m, 1.20 gpt over 10.5m, and 1.03 gpt over 17.1m in hole PAM26-0193; and 1.58 gpt over 12.1m, 1.60 gpt over 5.7m, and 3.54 gpt over 6.7m in hole PAM26-0256.

Drilling at Pamour West included 18 holes (4,671.7 m) to test areas surrounding and up to a kilometre east of the historic Broulan open pit. Significant results from the area surrounding the historic open pit include: 4.08 gpt over 11.3m in hole PAM26-0286LR; 3.64 got over 10.2m, 2.41 gpt over 8.7m, 2.75 gpt over 5.0m, 1.06 gpt over 4.6m, and 2.53 gpt over 6.5m in hole PAM26-0221; 6.05 gpt over 5.0m, 2.67 gpt over 3.1m and 1.51 gpt over 15.0m in hole PAM26-0282LR; 2.54 gpt over 8.0m and 1.91 gpt over 7.0m in hole PAM26-0268A; 2.24 gpt over 12.6m and 1.83 gpt over 7.0m in hole PAM26-0229 and significant results from the area to the east include 5.04 gpt over 10.0m and 2.37 gpt over 3.7m, in hole PAM26-0299; 4.85gpt over 5.0m in hole PAM26-0247; 1.52 gpt over 11.0m, 1.08 gpt over 9.8m, 2.08 gpt over 5.9m and 1.45 gpt over 7.5m in hole PAM26-0196 and; 2.01 gpt over 12.0m and 3.82 gpt over 5.0m in hole PAM26-0311. Results from the new holes indicate that the mineralization coincides with zones of increased quartz veining and pyrite along the same volcanic-sedimentary contact hosting the historic Pamour Pit, located approximately 1.5 km to the northeast of the historic Broulan pit, with the most easterly hole drilled being 900 m east of the Broulan pit and 600 m from the historic Pamour Pit. The potential to add additional mineralization along the same contact with further drilling in the area between the two pits is considered excellent.

Drilling at the North Contact Zone includes 10 holes (3,084 m) which targeted a major east – west trending volcanic sedimentary contact located directly north of the phase 2 pit and into an untested gap in drilling between historic holes located 600 m to the east and 900 m to the west. Significant results from the new drilling include: 1.43 gpt over 23.7m in hole PAM26-0265; 4.36 gpt over 6.0m in hole PAM26-0271; 2.50 gpt over 8.4m, 3.83 gpt over 5.0m and 1.01 gpt over 11.0m in hole PAM26-0283; 1.83 gpt over 10.5m in hole PAM26-0227; 3.15 gpt over 4.5m, 0.92 gpt over 14.4m, and 1.02 gpt over 7.4m in hole PAM26-0232. Based on a review of the results, the new holes continue to expand mineralization to the north of the current Pamour resource pit.

Considering drilling results to date, Discovery believes the potential for significant expansion continues to look excellent. Recent drilling has successfully extended mineralization beyond the current resource envelope, identified new zones of higher-grade mineralization, and demonstrated strong continuity of gold-bearing structures across multiple target areas.

The drill program remains ongoing, with one drill focused on the Pamour open pit area, two drills testing the Pamour West target, and a drill operating at the North Contact Zone.

Figure 1. Pamour Drill Results 

Table 1: Intercepts from the Pamour Open Pit Mine1,2,3
Zone	Hole ID		Total Hole Depth		From		To		Core length		Au	Notes
					(m)		(m)		(m)		(g/t)
Broulan #5	PAM26-0196		432.0		17.0		28.0		11.0		1.52	6.19 gpt / 0.5 m
					208.5		218.3		9.8		1.08
					261.1		267.0		5.9		2.08	6.46 gpt / 0.8 m
					316.0		323.5		7.5		1.45
	PAM26-0221		309.0		102.3		111.0		8.7		2.41	6.93 gpt / 0.4 m 17.30 gpt / 1.0 m
					191.7		196.3		4.6		1.06
					256.0		262.5		6.5		2.53	7.08 gpt / 1.8 m
					274.5		284.7		10.2		3.64	11.00 gpt / 2.1 m 5.13 gpt / 0.6 m 7.82 gpt / 0.9 m
					296.0		301.0		5.0		2.75	6.36 gpt / 0.7 m
	PAM26-0229		253.0		149.0		161.6		12.6		2.24	12.5 gpt / 0.6 m
					212.0		219.0		7.0		1.83	5.18 gpt / 1.0 m
	PAM26-0247		405.0		306.0		311.0		5.0		4.85	23.5 gpt / 1.0 m
	PAM26-0254		201.0		166.3		171.0		4.7		3.36	12.20 gpt / 0.7 m
	PAM26-0268A		324.0		243.0		250.0		7.0		1.91	7.48 gpt / 0.9 m
					256.0		264.0		8.0		2.54	8.44 gpt / 0.5 m 6.29 gpt / 0.5 m
	PAM26-0286LR		241.9		145.0		156.3		11.3		4.08	47.20 gpt / 0.6 m 10.80 gpt / 05 m 6.50 gpt / 1.3 m
	PAM26-0290		352.6		32.0		40.4		8.4		1.71	23.7 gpt / 0.4 m
					90.6		95.2		4.6		1.20	5.92 gpt / 0.3 m
					105.0		112.3		7.3		1.54	8.93 gpt / 0.7 m
					235.1		242.0		6.9		1.91	5.17 gpt / 0.5 m 9.49 gpt / 0.4 m 5.56 gpt / 0.5 m
					253.0		258.9		5.9		2.88	6.97 gpt / 2.1 m
					334.0		339.0		5.0		4.44	8.85 gpt / 0.7 m 36.90 gpt / 0.4 m
	PAM26-0299		179.7		32.0		41.5		9.5		1.10
					121.0		131.0		10.0		5.04	6.82 gpt / 0.6 m 18.70 gpt / 0.8 m 6.75 gpt / 0.5 m 13.4 gpt / 0.8 m
					176.0		179.7		3.7		2.37	5.70 gpt / 0.7 m
	PAM26-0308		222.0		60.0		76.3		16.3		1.12	5.13 gpt / 0.5 m
					132.3		138.0		5.7		1.49
					153.0		157.5		4.5		1.11	7.71 gpt / 0.3 m
	PAM26-0273		300.0		112.3		116.5		4.2		1.05	5.60 gpt / 0.5 m
					222.0		226.2		4.2		4.35	13.80 gpt / 0.9 m
	PAM26-0282LR		135.0		50.5		65.5		15.0		1.51	7.06 gpt / 1.5 m
					121.0		124.1		3.1		2.67	16.60 / 0.4 m
					130.0		135.0		5.0		6.05	7.45 gpt / 1.0 m 13.60 gpt / 1.5 m
	PAM26-0296		358.5		50.0		59.0		9.0		1.22	5.34 gpt / 0.6 m
					76.5		83.8		7.3		1.72	7.09 gpt / 0.8 m
					116.6		121.4		4.8		1.45
					161.5		170.0		8.5		1.63
					183.0		187.0		4.0		1.95
					268.5		273.0		4.5		2.70	7.97 gpt / 1.5 m
	PAM26-0311		411.0		169.0		174.0		5.0		3.82	8.97 gpt / 2.0 m
					206.0		218.0		12.0		2.01	9.06 / 1.0 m
Pamour West Pit	PAM25-0122		475.0		173.2		183.0		9.8		3.64	18.90 gpt / 0.3 m 8.76 gpt / 0.7 m 74.00 gpt / 0.3 m
	PAM25-0138		513.0		142.5		146.8		4.3		1.25	9.68 gpt / 1.5m
					453.2		458.6		5.4		40.64	41.20 gpt / 0.8m 309.00 gpt / 0.6m
	PAM26-0156		600.0		58.2		71.1		12.9		1.50	18.30 gpt / 0.7 m
					167.2		172.0		4.8		1.33	8.97 gpt / 0.4 m
					241.0		251.5		10.5		11.25	142.00 gpt / 0.7 m 6.36 gpt / 0.8 m 6.41 gpt / 0.7 m
					334.0		346.1		12.1		0.86	7.15 gpt / 0.5 m 5.37 gpt / 0.4 m
					442.0		449.0		7.0		2.09	9.60 gpt / 0.5 m
					495.0		508.5		13.5		2.06	17.90 gpt / 0.9 m
	PAM26-0189		291.0		44.0		54.0		10.0		1.01
					250.5		256.5		6.0		2.70	10.70 gpt / 1.5 m
	PAM26-0193		348.0		18.0		27.5		9.5		1.12
					135.5		146.0		10.5		1.20
					300.5		317.6		17.1		1.03	6.36 gpt / 0.4 m
	PAM26-0252		333.0		131.7		139.0		7.3		0.75
	PAM26-0256		357.0		77.6		89.7		12.1		1.58	5.89 gpt / 1.0 m
					96.9		102.6		5.7		1.60
					138.5		145.2		6.7		3.54
	PAM26-0260		237.0		69.0		73.8		4.8		2.06	11.80 gpt / 0.7 m
					172.5		178.5		6.0		2.02	5.75 gpt / 1.5 m
	PAM26-0270A		237.0		173.0		187.5		14.5		1.79	5.88 gpt/ 1.0 m 8.86 gpt / 1.5 m
North Contact	PAM26-0190		507.0		36.2		42.5		6.3		1.41
					276.0		287.0		11.0		1.03
	PAM26-0227		426.0		279.0		289.5		10.5		1.83
	PAM26-0232		453.0		38.9		43.4		4.5		3.15	8.26 gpt / 1.50 m
					67.4		81.8		14.4		0.92
					335.6		343.0		7.4		1.02
	PAM26-0265		228.0		69.0		92.7		23.7		1.43	8.22 gpt / 0.4 m 9.82 gpt / 0.6 m
	PAM26-0271		336.0		246.0		252.0		6.0		4.36	23.30 gpt / 1.1 m
	PAM26-0281		150.0		79.0		84.3		5.3		2.11	9.59 gpt / 0.5 m
	PAM26-0283		282.0		168.0		176.4		8.4		2.50	7.49 gpt / 1.0 m
					217.0		222.0		5.0		3.83	18.50 gpt / 1.0 m
					238.0		249.0		11.0		1.01
Pamour East Pit	PAM26-0257		279.0		226.0		232.5		6.5		1.05
					239.0		250.0		11.0		0.86
	PAM26-0248		516.0		368.5		381.7		13.2		1.06	5.14 gpt / 0.5 m 6.26 gpt / 0.54 m
					429.4		444.0		14.6		1.76	5.63 gpt / 0.7 m
	PAM26-0251		600.0		310.0		316.0		6.0		1.25
					434.5		447.0		12.5		2.86	5.31 gpt / 1.0 m 5.86 gpt / 4.2 m
					476.0		498.3		22.3		1.09	8.50 gpt / 0.8 m 5.94 gpt / 0.5 m
	PAM26-0259		363.0		290.0		295.0		5.0		1.78	6.21 gpt / 1.0 m
					314.0		326.2		12.2		2.21	13.80 gpt / 0.7 m 5.92 gpt / 1.0 m 6.66 gpt / 0.6 m
	PAM26-0263		244.5		221.4		226.5		5.1		42.37	707.00 gpt / 0.3 m
	PAM26-0267		300.0		263.2		272.0		8.8		3.61	9.88 gpt / 1.0 m 7.44 gpt / 1.2 m
					279.0		286.0		7.0		1.09
	PAM26-0274		603.0		405.0		416.0		11.0		0.94
					486.0		491.0		5.0		1.84	6.62 gpt / 1.0 m
	PAM26-0280		522.0		278.0		284.0		6.0		0.77
	PAM26-0288		268.2		223.4		235.1		11.7		0.91
					245.0		265.7		20.7		2.01	27.40 gpt / 0.7 m 7.23 gpt / 0.8 m
	PAM26-0269A		609.0		431.0		451.0		20.0		1.86	6.61 gpt / 1.0 m
					519.1		530.0		10.9		1.17	9.22 gpt / 0.7 m
	PAM26-0297		474.0		228.0		257.0		29.0		1.80	5.17 gpt / 1.0 m 5.83 gpt / 1.0 m 6.66 gpt / 0.4 m
					333.3		354.0		20.7		4.58	5.72 gpt / 0.4 m 5.77 gpt / 0.4 m 17.5 gpt / 0.3 m 9.06 gpt / 1.7 m 10.21 gpt / 1.8 m 15.64 gpt / 1.5 m
					396.0		414.0		18.0		7.39	81.80 gpt / 0.3 m 88.8 gpt / 1.0 m
	PAM26-0300		264.0		228.2		235.0		6.8		1.97	19.00 / 0.3 m
					249.8		264.0		14.2		1.57	8.69 gpt / 0.7 m 5.33 gpt / 0.4 m 7.73 gpt / 0.4 m

1. All assays are reported uncut.
2. Intervals are reported using core lengths only as true widths are not known at this time.
3. Holes PAM26-0262, 0268, 0277, 0305LR, 0270, 0302, 0269, 0253, 0255, 0266 are not included in the table above as they have lower grade values.

QUALIFIED PERSONS

Discovery’s exploration programs at the Porcupine Operations are conducted under the supervision of Eric Kallio, P.Geo., Executive Vice President, Exploration and Growth, Kara Byrnes, P.Geo, Vice President, Exploration and Geology – Porcupine and Kristie Rioux, P.Geo., Senior Geologist. Mr. Kallio, Ms. Byrnes and Ms. Rioux are “qualified persons” for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators, and have reviewed and approved the scientific and technical information in this news release.

Readers are referred to the mineral resource estimate as set out in the Company’s current technical report entitled “Porcupine Complex, Ontario, Canada NI 43-101 Report on Preliminary Assessment” with an effective date of January 13, 2025 (the “Technical Report”), which is available under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca. Statements concerning mineral resource estimates may also be deemed to constitute forward looking information to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. The Technical Report includes the results of a preliminary economic assessment which is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be realized.

QA/QC CONTROLS

The Company follows a quality assurance and control (“QA/QC”) program to ensure that sampling and analysis of all exploration work is conducted in accordance with best practices.

At Pamour, core is logged and sampled in a secure facility at the Dome mine site and under supervision of Qualified Geologists. The NQ sized core is predominantly whole core sampled with select holes being sawn in half for future verification. CRM standards, coarse blank material and duplicates are inserted every 20 samples. Samples are picked up by Activation Laboratories and tracked via a chain of custody from site to the lab for preparation and assaying.

Discovery utilizes the accredited external lab Activation Laboratories to manage its core analysis. ActLabs is certified by the Standards Council of Canada which conforms with ASB-RG Mineral Analysis Laboratory for the Accreditation of Mineral Analysis Testing Laboratories and CAN-P-4E ISO/IEC 17025: General Requirements for the Competence of Testing and Calibration Laboratories.

Sample preparation includes crushing drill core up to 80% passing 2 mm, riffle splitting 500 grams and pulverizing to 95% passing 105 µm followed by both scheduled and specifically requested silica sand cleaning. Gold Analysis involves Fire Assay – Atomic Absorption technique from a 50-gram pulp sample with grade ranges between 5 to 10,000 ppb. Samples greater than 10,000 ppb are analyzed with a gravimetric finish. Selected high grade samples are also analyzed using the screen metallics procedure.

ABOUT DISCOVERY

Discovery Mining Ltd. is a growing precious metals company that is creating value for stakeholders through exposure to gold, silver and other critical minerals. Discovery is advancing plans to more than double annual gold production through investment in the Company’s Porcupine assets, which include multiple operations, attractive growth projects and significant exploration upside in one of the world’s most renowned gold camps in and near Timmins, Ontario. The acquisition of the Kidd Operations in June 2026 further increased Discovery’s land position within the camp, provided valuable infrastructure that will support the Company’s growing gold business, and added critical minerals to the Company’s current production profile. Discovery’s silver exposure comes mainly from the 100%-owned Cordero project, one of the world’s largest undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico.

On Behalf of the Board of Directors,

Tony Makuch, P. Eng
President, CEO & Chairman

For further information contact:         
Mark Utting, CFA
EVP Investor Relations and Communications
Phone: 416-806-6298
Email: mark.utting@dsvmining.com
Website: www.dsvmining.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Although Discovery believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Statements include but are not limited to the resource conversion and expansion potential at the Pamour mine site the anticipated results and timing associated with the updated exploration program at the Porcupine Complex; the ability to make new discoveries across the broader property; the ability to complete and the anticipated benefits associated from the development of the drill programs; the timing associated with a new mineral resource update planned in 2027 and the anticipated benefits thereof; the ability to convert and extend mineral resources at Pamour; the ability to extend the Pamour pit to the west and the to the north; the ability to relocate key infrastructure to enable the development of the larger Pamour Pit; the development of the Porcupine Operations and its attractive economics and significant exploration upside; construction decision and development, the results of the Technical Report and the anticipated capital and operating costs, sustaining costs, net present value, internal rate of return, the method of mining the Porcupine Operations, payback period, process capacity, average annual metal production, average process recoveries, concession renewal, permitting of the assets, anticipated mining and processing methods, feasibility study production schedule and metal production profile, anticipated construction period, anticipated mine life, expected recoveries and grades, anticipated production rates, infrastructure, social and environmental impact studies, the completion of key de-risking items, including the timing of receipt permits, availability of water and power, availability of labour, job creation and other local economic benefits, tax rates and commodity prices that would support development of the Project, and other statements that express management’s expectations or estimates of future performance, operational, geological or financial results Information concerning mineral resource/reserve estimates and the economic analysis thereof contained in the results of the feasibility study are also forward-looking statements in that they reflect a prediction of the mineralization that would be encountered, and the results of mining, if a mineral deposit were developed and mined. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties.

Factors that could cause actual results to differ materially from those described in forward-looking statements include the completion of the drill programs and the results thereon, the ability to complete the required drilling on a timely basis and the impact of the completion of such drill programs on the ability for the Company to prepare an updated resource estimate in 2027; fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market access restrictions or tariffs, changes in U.S. laws and policies regarding regulating international trade, including but not limited to changes to or implementation of tariffs, trade restrictions, or responsive measures of foreign and domestic governments, changes to cost and availability of goods and raw materials, along with supply, logistics and transportation constraints, changes in general economic conditions including market volatility due to uncertain trade policies and tariffs, , the actual results of current and future exploration activities; changes to current estimates of mineral reserves and mineral resources; conclusions of economic and geological evaluations; changes in project parameters as plans continue to be refined; the speculative nature of mineral exploration and development; risks in obtaining and maintaining necessary licenses, permits and authorizations for the Company’s development stage and operating assets; statements regarding the Porcupine Operations, including the results of technical studies and the anticipated capital and operating costs, sustaining costs , internal rate of return, concession or claim renewal, the projected mine life and other attributes of the Porcupine Operations, including net present value, the timing of any environmental assessment processes, reclamation obligations; operations may be exposed to new diseases, epidemics and pandemics, including any ongoing or future effects of COVID-19 (and any related ongoing or future regulatory or government responses) and its impact on the broader market and the trading price of the Company’s shares; provincial and federal orders or mandates (including with respect to mining operations generally or auxiliary businesses or services required for operations) in Canada and Mexico, all of which may affect many aspects of the Company’s operations including the ability to transport personnel to and from site, contractor and supply availability and the ability to sell or deliver mined silver; changes in national and local government legislation, controls or regulations; failure to comply with environmental and health and safety laws and regulations; labour and contractor availability (and being able to secure the same on favourable terms); disruptions in the maintenance or provision of required infrastructure and information technology systems; fluctuations in the price of gold or certain other commodities such as, diesel fuel, natural gas, and electricity; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges and changes to production estimates (which assume accuracy of projected ore grade, mining rates, recovery timing and recovery rate estimates and may be impacted by unscheduled maintenance); changes in foreign exchange rates (particularly the Canadian dollar, U.S. dollar and Mexican peso); the impact of inflation; geopolitical conflicts; employee and community relations; the impact of litigation and administrative proceedings (including but not limited to mining reform laws in Mexico) and any interim or final court, arbitral and/or administrative decisions; disruptions affecting operations; availability of and increased costs associated with mining inputs and labour; delays in construction decisions and any development of the Porcupine Operations; changes with respect to the intended method of mining and processing ore from the Porcupine Operations; inherent risks and hazards associated with mining and mineral processing including environmental hazards, industrial accidents, unusual or unexpected formations, pressures and cave-ins; the risk that the Company’s mines may not perform as planned; uncertainty with the Company’s ability to secure additional capital to execute its business plans; contests over title to properties; expropriation +or nationalization of property; political or economic developments in Canada and Mexico and other jurisdictions in which the Company may carry on business in the future; increased costs and risks related to the potential impact of climate change; the costs and timing of exploration, construction and development of new deposits; risk of loss due to sabotage, protests and other civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; risks arising from holding derivative instruments; and business opportunities that may be pursued by the Company. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. Discovery does not assume any obligation to update any forward-looking statements except as required under applicable laws. The risks and uncertainties that may affect forward-looking statements, or the material factors or assumptions used to develop such forward-looking information, are described under the heading “Risks Factors” in the Company’s Annual Information Form dated February 19, 2026, and the Company’s technical report (the “Technical Report”) entitled “Porcupine Complex, Ontario, Canada NI 43-101 Report on Preliminary Assessment” with an effective date of January 13, 2025, which is available under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca.

Preliminary Economic Assessment Disclaimer: The Technical Report includes the results of a preliminary economic assessment which is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be realized. Readers should refer to the full text of the Technical Report related to Mineral Resources and Mineral Reserves estimates as filed on www.sedarplus.ca.

A figure accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/73b80603-fad6-4491-90f3-e3fb0f1fbcda

CALGARY, Alberta, Oct. 07, 2026 (GLOBE NEWSWIRE) — In a release issued under headline “Canoe Financial announces sponsorship of Olympic Gold Medallist Katie Vincent” on Monday, October 5th by Canoe Financial, please note that the headline has been updated to “Canoe Financial announces sponsorship of Olympic Gold Medallist and World Champion Katie Vincent” and that the first paragraph has been slightly updated. The corrected release follows: 

Canoe Financial is proud to announce a new sponsorship partnership with Canadian Olympic Gold Medallist and World Champion canoeist Katie Vincent, one of Canada’s most accomplished athletes and a leading figure in the sport of canoe sprint. The partnership will feature a national marketing campaign built around the principles that define both Vincent’s athletic journey and Canoe Financial’s investment philosophy: Discipline compounds. Performance is earned.

As Canada’s premier canoe sprint athlete, Vincent has established herself among the world’s elite through years of dedication, preparation, and relentless commitment to excellence. Her career includes Olympic gold and bronze medals, world championship titles, and multiple world records, achievements built through a disciplined process long before race day.

The partnership reflects a natural alignment between Vincent’s approach to athletic performance and Canoe Financial’s approach to investing. Both recognize that success is rarely defined by a single moment. It is the result of a disciplined process, repeated consistently over time.

“Katie’s story is about more than winning medals,” said Darcy Hulston, President and Chief Executive Officer of Canoe Financial. “Her success is built on the same beliefs that guide our business every day. Driven by process. Discipline compounds. Performance is earned. Those beliefs are at the heart of everything we do for our investors, and Katie is an inspiring example of what can be achieved when you commit to them over the long term.”

The sponsorship also represents a uniquely authentic connection between Canoe Financial and the sport of canoeing. As Vincent competes on the world stage, Canoe Financial will support her journey while celebrating the values of perseverance, preparation, and excellence that resonate with Canadians from coast to coast.

About Canoe Financial
Canoe Financial is one of Canada’s fastest growing independent mutual fund companies managing nearly $25 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.

Contact
Investor Relations
1–877–434–2796
info@canoefinancial.com

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

CALGARY, Alberta, Oct. 07, 2026 (GLOBE NEWSWIRE) — In a release issued under headline “Canoe Financial announces sponsorship of Olympic Gold Medallist Katie Vincent” on Monday, October 5th by Canoe Financial, please note that the headline has been updated to “Canoe Financial announces sponsorship of Olympic Gold Medallist and World Champion Katie Vincent” and that the first paragraph has been slightly updated. The corrected release follows: 

Canoe Financial is proud to announce a new sponsorship partnership with Canadian Olympic Gold Medallist and World Champion canoeist Katie Vincent, one of Canada’s most accomplished athletes and a leading figure in the sport of canoe sprint. The partnership will feature a national marketing campaign built around the principles that define both Vincent’s athletic journey and Canoe Financial’s investment philosophy: Discipline compounds. Performance is earned.

As Canada’s premier canoe sprint athlete, Vincent has established herself among the world’s elite through years of dedication, preparation, and relentless commitment to excellence. Her career includes Olympic gold and bronze medals, world championship titles, and multiple world records, achievements built through a disciplined process long before race day.

The partnership reflects a natural alignment between Vincent’s approach to athletic performance and Canoe Financial’s approach to investing. Both recognize that success is rarely defined by a single moment. It is the result of a disciplined process, repeated consistently over time.

“Katie’s story is about more than winning medals,” said Darcy Hulston, President and Chief Executive Officer of Canoe Financial. “Her success is built on the same beliefs that guide our business every day. Driven by process. Discipline compounds. Performance is earned. Those beliefs are at the heart of everything we do for our investors, and Katie is an inspiring example of what can be achieved when you commit to them over the long term.”

The sponsorship also represents a uniquely authentic connection between Canoe Financial and the sport of canoeing. As Vincent competes on the world stage, Canoe Financial will support her journey while celebrating the values of perseverance, preparation, and excellence that resonate with Canadians from coast to coast.

About Canoe Financial
Canoe Financial is one of Canada’s fastest growing independent mutual fund companies managing nearly $25 billion in assets across a diversified range of award-winning investment solutions. Founded in 2008, Canoe Financial is an employee-owned investment management firm focused on building financial wealth for Canadians. Canoe Financial has a significant presence across Canada, including offices in Calgary, Toronto and Montreal.

Contact
Investor Relations
1–877–434–2796
info@canoefinancial.com

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

EVERETT, Wash., Oct. 07, 2026 (GLOBE NEWSWIRE) — Coastal Community Bank (the “Bank”, “Coastal”, or “we”) has awarded three multiyear community development grants totaling $375,000 to nonprofit organizations serving Snohomish and King counties. 

Local Initiatives Support Corporation Puget Sound (“LISC”) received a $150,000 grant over three years to support community development efforts in Everett and Snohomish County. The funding will help bring community partners together, strengthen local organizations, coordinate development strategies, and advance projects that expand housing and economic opportunity. 

LISC provides community development services by coordinating cross-sector partnerships, convening public agencies and nonprofit organizations, and delivering technical assistance and capacity-building support to housing developers and community-based organizations serving low- and moderate-income communities. These activities facilitate the creation and preservation of affordable housing, strengthen local economic ecosystems, support small businesses and workforce development efforts, and address emerging community needs that impact low- to moderate-income residents.  

VOA of Western Washington (“VOA”) received a $150,000 grant over three years to help support construction costs for the Lynnwood Neighborhood Center. The multigenerational center is expected to serve more than 20,000 people annually in south Snohomish County, with a focus on residents with low to moderate incomes. 

VOA provides essential human services and workforce development support to low-income households, including immigrant and refugee populations, through job training, resume assistance, and education support that improve employment readiness and access to economic opportunity. The organization also supports affordable housing by helping low-income families address housing-related needs such as rent, utilities, and supportive services that promote housing stability and reduce cost burden.  

Housing Consortium of Everett and Snohomish County (“HCESC “) received a $75,000 grant over three years to fund capacity-building staff positions that strengthen HCESC’s ability to provide technical guidance, community engagement, education, and policy leadership that facilitate the creation and preservation of affordable housing for low- and moderate-income individuals.  

HCESC serves as a countywide leader and convener addressing the region’s critical affordable housing shortage by coordinating housing developers, service providers, policymakers, and community members to advance equitable housing solutions.  

“These organizations are doing essential work to expand housing and economic opportunity in our communities,” said Chris Adams, Executive Chair at Coastal Community Bank. “Multiyear funding gives them the flexibility to build partnerships, strengthen their teams, and carry projects forward. We’re proud to support work that will make a lasting difference for our neighbors in Snohomish and King counties.” 

About Coastal Financial

Coastal Financial Corporation (Nasdaq: CCB) (the “Company”), is an Everett, Washington based bank holding company whose wholly owned subsidiaries are Coastal Community Bank (“Bank”) and Arlington Olympic LLC.  The $5.46 billion Bank provides service through 14 full-service branches in Snohomish, Island and King Counties, one loan production office in King County, the Internet and its mobile banking application. The Bank provides banking as a service to digital financial service providers, companies and brands that want to provide financial services to their customers through the Bank’s CCBX segment. To learn more about the Company visit www.coastalbank.com.

Contact
Chris D. Adams, Executive Chair of Coastal Financial Corporation, cadams@coastalbank.com
Eric Sprink, Chief Executive Officer, esprink@coastalbank.com
Joel G. Edwards, Chief Financial Officer, jedwards@coastalbank.com

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. Any statements about our management’s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. Any or all of the forward-looking statements in this press release may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this press release should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, our ability to effectively evaluate and manage counterparty risk associated with CCBX partners and the risk that the conflicts in the Middle East and/or changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs, may adversely impact our business, financial condition, and results of operations and those other risks and uncertainties discussed under “Risk Factors” in our Annual Report on Form 10-K for the most recent period filed and in any of our subsequent filings with the Securities and Exchange Commission.

If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law.

EVERETT, Wash., Oct. 07, 2026 (GLOBE NEWSWIRE) — Coastal Community Bank (the “Bank”, “Coastal”, or “we”) has awarded three multiyear community development grants totaling $375,000 to nonprofit organizations serving Snohomish and King counties. 

Local Initiatives Support Corporation Puget Sound (“LISC”) received a $150,000 grant over three years to support community development efforts in Everett and Snohomish County. The funding will help bring community partners together, strengthen local organizations, coordinate development strategies, and advance projects that expand housing and economic opportunity. 

LISC provides community development services by coordinating cross-sector partnerships, convening public agencies and nonprofit organizations, and delivering technical assistance and capacity-building support to housing developers and community-based organizations serving low- and moderate-income communities. These activities facilitate the creation and preservation of affordable housing, strengthen local economic ecosystems, support small businesses and workforce development efforts, and address emerging community needs that impact low- to moderate-income residents.  

VOA of Western Washington (“VOA”) received a $150,000 grant over three years to help support construction costs for the Lynnwood Neighborhood Center. The multigenerational center is expected to serve more than 20,000 people annually in south Snohomish County, with a focus on residents with low to moderate incomes. 

VOA provides essential human services and workforce development support to low-income households, including immigrant and refugee populations, through job training, resume assistance, and education support that improve employment readiness and access to economic opportunity. The organization also supports affordable housing by helping low-income families address housing-related needs such as rent, utilities, and supportive services that promote housing stability and reduce cost burden.  

Housing Consortium of Everett and Snohomish County (“HCESC “) received a $75,000 grant over three years to fund capacity-building staff positions that strengthen HCESC’s ability to provide technical guidance, community engagement, education, and policy leadership that facilitate the creation and preservation of affordable housing for low- and moderate-income individuals.  

HCESC serves as a countywide leader and convener addressing the region’s critical affordable housing shortage by coordinating housing developers, service providers, policymakers, and community members to advance equitable housing solutions.  

“These organizations are doing essential work to expand housing and economic opportunity in our communities,” said Chris Adams, Executive Chair at Coastal Community Bank. “Multiyear funding gives them the flexibility to build partnerships, strengthen their teams, and carry projects forward. We’re proud to support work that will make a lasting difference for our neighbors in Snohomish and King counties.” 

About Coastal Financial

Coastal Financial Corporation (Nasdaq: CCB) (the “Company”), is an Everett, Washington based bank holding company whose wholly owned subsidiaries are Coastal Community Bank (“Bank”) and Arlington Olympic LLC.  The $5.46 billion Bank provides service through 14 full-service branches in Snohomish, Island and King Counties, one loan production office in King County, the Internet and its mobile banking application. The Bank provides banking as a service to digital financial service providers, companies and brands that want to provide financial services to their customers through the Bank’s CCBX segment. To learn more about the Company visit www.coastalbank.com.

Contact
Chris D. Adams, Executive Chair of Coastal Financial Corporation, cadams@coastalbank.com
Eric Sprink, Chief Executive Officer, esprink@coastalbank.com
Joel G. Edwards, Chief Financial Officer, jedwards@coastalbank.com

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. Any statements about our management’s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as “anticipate,” “believes,” “can,” “could,” “may,” “predicts,” “potential,” “should,” “will,” “estimate,” “plans,” “projects,” “continuing,” “ongoing,” “expects,” “intends” and similar words or phrases. Any or all of the forward-looking statements in this press release may turn out to be inaccurate. The inclusion of or reference to forward-looking information in this press release should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Our actual results could differ materially from those anticipated in such forward-looking statements as a result of risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, our ability to effectively evaluate and manage counterparty risk associated with CCBX partners and the risk that the conflicts in the Middle East and/or changes in U.S. trade policies, including the imposition of tariffs and retaliatory tariffs, may adversely impact our business, financial condition, and results of operations and those other risks and uncertainties discussed under “Risk Factors” in our Annual Report on Form 10-K for the most recent period filed and in any of our subsequent filings with the Securities and Exchange Commission.

If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. You are cautioned not to place undue reliance on forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law.

VANCOUVER, British Columbia, Oct. 07, 2026 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been named to the Forbes World’s Top Companies for Women 2026 list, recognizing organizations that are highly rated by women employees and demonstrate a commitment to advancing women in the workplace. This marks the second time Teck has received this recognition.

“Our people are the foundation of Teck’s success, and we are committed to creating a workplace where everyone feels respected, valued and supported to grow and succeed,” said Jonathan Price, President and CEO. “Being recognized once again as one of the World’s Top Companies for Women reflects the culture our employees help build every day and our ongoing commitment to fostering an inclusive workplace where talented people can thrive.”

The Forbes World’s Top Companies for Women 2026 ranking recognizes organizations identified through independent, anonymous surveys of approximately 120,000 women across more than 36 countries. The ranking incorporates assessments of employer brand, public perception regarding gender equality and leadership research, recognizing companies that are viewed as strong employers for women around the world.

Teck has also been recognized as one of Canada’s Top 100 Employers by Mediacorp Canada’s Top Employers program for the past nine years.

About Teck
Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Investor Contact:
Edwin Shadeo
Acting Vice President, Investor Relations and Treasurer
604.699.4531
edwin.shadeo@teck.com

Media Contact:
Dale Steeves
Director, External Communications
236.987.7405
dale.steeves@teck.com

VANCOUVER, British Columbia, Oct. 07, 2026 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been named to the Forbes World’s Top Companies for Women 2026 list, recognizing organizations that are highly rated by women employees and demonstrate a commitment to advancing women in the workplace. This marks the second time Teck has received this recognition.

“Our people are the foundation of Teck’s success, and we are committed to creating a workplace where everyone feels respected, valued and supported to grow and succeed,” said Jonathan Price, President and CEO. “Being recognized once again as one of the World’s Top Companies for Women reflects the culture our employees help build every day and our ongoing commitment to fostering an inclusive workplace where talented people can thrive.”

The Forbes World’s Top Companies for Women 2026 ranking recognizes organizations identified through independent, anonymous surveys of approximately 120,000 women across more than 36 countries. The ranking incorporates assessments of employer brand, public perception regarding gender equality and leadership research, recognizing companies that are viewed as strong employers for women around the world.

Teck has also been recognized as one of Canada’s Top 100 Employers by Mediacorp Canada’s Top Employers program for the past nine years.

About Teck
Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Investor Contact:
Edwin Shadeo
Acting Vice President, Investor Relations and Treasurer
604.699.4531
edwin.shadeo@teck.com

Media Contact:
Dale Steeves
Director, External Communications
236.987.7405
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Accelerates Intermap’s technology roadmap into distributed edge processing and microservices, extending proven and secure AI/ML analytics across thousands of autonomous geospatial workflows

Doubles recurring revenue, opening new commercialization pathways for Intermap’s AI/ML-driven image processing and downstream products, including solution enhancements for 30,000+ existing licenses in the commercial space market

Speeds delivery of decision-ready intelligence throughout Intermap’s asset-light platform, integrating our AI/ML analytics, large-scale, real-time, multi-domain 3D data with value-added software and APIs spanning complete-spectrum remote sensing on Earth, in the air, under sea and in space

Introducing 2027 commercial revenue guidance of $12–$15 million (+100% growth), with 50%+ contribution margins

DENVER, Oct. 07, 2026 (GLOBE NEWSWIRE) — Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in multi-domain geospatial intelligence powered by proprietary 3D data and AI/ML analytics, today announced the completion of its acquisition of PCI Geomatics Group Inc. (“PCI,” operating as CATALYST).

PCI puts Intermap technology into thousands of existing workflows and brings processing closer to where customers use the data. The acquisition is expected to double Intermap’s recurring revenue, adds more than 30,000 installed licenses across over 150 countries that can benefit from our proven commercial-grade AI/ML analytics and significantly expands the Company’s global distribution. In addition, it extends Intermap’s capabilities from proprietary 3D data and AI/ML analytics into optical image processing and distributed edge processing, while creating SAR processing opportunities for PCI software, supporting $12–$15 million of commercial revenue in 2027.

Geospatial customers increasingly require faster autonomous edge-based solutions that deliver AI/ML-ready data that is sensor agnostic and incorporates better ground positioning with precise 3D context. This combination extends rapid, automated machine-to-machine processes, at scale, already proven effective and adopted throughout Intermap’s insurance segment. These capabilities reduce latency while improving data quality, oversight, security and sovereignty. PCI’s cloud-native applications and relationships across the commercial space ecosystem can now provide customers with accelerated decision-ready intelligence.

“Strong growth in our commercial verticals demonstrates that better data drives better decisions. Now we are pushing these capabilities closer to the edge through the software and agreements already in our customers’ hands, without disruption to workflows, enabling access to the world’s best 3D data, where and when our customers need it. By extending Intermap’s capabilities through PCI applications installed globally, we give customers a complete offering—from sourcing the data and imagery they need faster, to providing decision-ready intelligence, with better results,” said Patrick A. Blott, Chairman and CEO of Intermap. “Our priority is to deliver those solutions and turn our vertically integrated technology stack into accelerated growth.”

The acquisition broadens Intermap’s capabilities and customer reach across government, defense and commercial markets. The Company intends to expand access to its data and analytics through cloud-native applications, APIs and Data-as-a-Service, while developing solutions that connect PCI’s image processing capabilities with Intermap’s AI/ML models, SAR processing technologies and archive to generate decision-ready intelligence within customers’ existing workflows.

“Our customers need to turn imagery into information they can use,” said June McAlarey, President and CEO of PCI and Executive Vice President of Intermap responsible for the commercial business. “Combining PCI’s distributed edge processing capabilities with Intermap’s proprietary 3D data, processing and analytics gives us more ways to solve those problems and reduce latencies.”

Transaction and financial outlook
Intermap acquired all outstanding PCI shares it did not already own by way of an arrangement under the Canada Business Corporations Act (the “Arrangement”). Completion of the Arrangement followed PCI shareholder approval of the Arrangement on September 25, 2026 and a final order of the Ontario Superior Court of Justice (Commercial List) dated September 28, 2026. The transaction closed on October 7, 2026. Intermap used $7.7 million of cash to complete the transaction.

At closing, available liquidity was approximately $14 million, excluding more than $150 million of third-party credit support, arranged for Indonesia’s outstanding and binding RFB procurement. For the year ending December 31, 2027, Intermap expects commercial revenue of $12–$15 million and Adjusted EBITDA¹ of approximately $5 million. This outlook assumes no contribution from government procurements, which have uncertain timing, including in Indonesia. Due to timing uncertainties, these government programs will not factor into revenue guidance this year or next, prior to their contract award.

Investor call
Intermap will host an investor call with CEO Patrick Blott on October 8, 2026 at 5:00 pm ET to discuss the acquisition and the combined company’s outlook. Investors can register here. The presentation and replay will be available on Intermap’s investor relations page.

Unless otherwise indicated, all dollar or “$” references are expressed in USD.

Intermap Reader Advisory
Certain statements in these materials are forward-looking, including statements about the anticipated benefits of the Arrangement, expectations with respect to the performance of the combined company, including its recurring revenue, expanded global distribution and commercial growth, and the Company’s expected 2027 financial performance. The words “will,” “intend,” “expect” and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap’s forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed in Intermap’s Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.

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¹ Adjusted EBITDA is a non-GAAP measure. See “Non-GAAP Measures” below.

Non-GAAP Measures
This news release makes reference to certain non-GAAP measures such as “Adjusted EBITDA.” These non-GAAP measures are not recognized, defined or standardized measures under IFRS as issued by the IASB. The Company’s definition of Adjusted EBITDA will likely differ from that used by other companies and therefore comparability may be limited. Adjusted EBITDA should not be considered a substitute for or in isolation from measures prepared in accordance with GAAP. Readers should not place undue reliance on non-GAAP measures and should instead view them in conjunction with the most comparable GAAP financial measures.

Adjusted EBITDA is a non-GAAP measure. EBITDA consists of net loss and excludes financing costs, financing income, taxes, depreciation and amortization. Adjusted EBITDA also excludes share-based compensation and foreign currency translation. The Company believes that Adjusted EBITDA provides additional information of the Company’s operations on a continuing basis by eliminating certain non-cash and non-operating charges. See “Reconciliation of Non-GAAP Measures” in the Company’s Management’s Discussion and Analysis for the quarter ended June 30, 2026 filed on SEDAR+ and EDGAR for a reconciliation of Adjusted EBITDA from its most directly comparable measure calculated in accordance with IFRS, net loss, which reconciliation is incorporated by reference herein.

About Intermap Technologies
Intermap Technologies is a global leader in geospatial intelligence powered by proprietary 3D data and AI/ML analytics. The Company delivers actionable intelligence to government and commercial customers through a portfolio of applications, platforms and solutions that support risk management, infrastructure planning, operational readiness and mission-critical decision-making. Intermap’s proprietary 3D data foundation spans more than 300 million square kilometers across over 150 countries and powers intelligence solutions for government, insurance, aviation, telecommunications, transportation, renewable energy, agriculture, natural resources and space markets. Through advanced analytics, automated processing and enterprise-scale data delivery, Intermap helps organizations transform complex geospatial information into decision-ready intelligence.

About CATALYST (PCI)
PCI (DBA CATALYST) is a world-leading developer of software and systems for remote sensing, imagery processing, and photogrammetry. With 45 years of experience in the geospatial industry, CATALYST is recognized globally for its excellence in providing software for accurately and rapidly processing satellite and aerial imagery, with more than 30,000 licenses in over 150 countries worldwide.

For more information, please visit www.intermap.com or contact:
Jennifer Bakken
Executive Vice President and CFO
CFO@intermap.com
+1 (303) 708-0955

Sean Peasgood
Investor Relations
Sean@SophicCapital.com
+1 (647) 260-9266