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In a scene that unfolded like a Hollywood script, hundreds of American troops descended into the rugged mountains of southwestern Iran on Saturday to rescue a wounded airman who spent nearly two days hiding from Iranian forces. 

What followed was a high-stakes combat search-and-rescue mission deep inside Iran, with U.S. forces racing to locate and extract the wounded officer before Iranian troops could reach him, deploying a large contingent of special operations forces and aircraft into hostile territory.

CIA Director John Ratcliffe compared the mission to find the downed airmen to finding “a grain of sand in the desert” in a news briefing Monday.

In total, the U.S. sent in more than 150 aircraft, President Donald Trump Monday, which took on “very, very heavy enemy fire” during the rescue operation. Several different teams: Navy SEALs, Air Force Special Operations, Army Special Operations Aviation, search and rescue and combat medics, also took part.

US PILOT RESCUED FROM DOWNED F-15E FIGHTER JET IN IRAN, SEARCH FOR SECOND CREW MEMBER ONGOING

“This was an incredibly dangerous mission, an incredibly dangerous undertaking,” Gen. Dan Caine, chairman of the joint chiefs of staff, said Monday at the White House press briefing. 

One of the two crew members was flown to Landstuhl regional medical center in Germany, typically the first stop for U.S. soldiers wounded in combat zones, and the other is being flown there Monday, a senior U.S. defense official told Fox News.

As the rescue unfolded Easter Sunday, the pilot radioed a brief message to help U.S. forces identify him: “God is good,” officials said.

Here’s a look at how the scene unfolded. 

Friday — The shoot down and the first rescue 

A U.S. F-15E Strike Eagle fighter jet was shot down over Iran Friday, according to U.S. officials. Both the pilot and the weapons systems officer ejected from the aircraft. 

The aircraft was operating as part of ongoing U.S. combat operations over Iran when it was shot down.

While details of the incident were not immediately clear, Iranian state media released images of an ejection seat and debris that appeared consistent with an F-15E. Iran initially claimed it had downed a more advanced F-35 stealth fighter, but U.S. officials later confirmed the aircraft was an F-15 Strike Eagle. 

The F-15E Strike Eagle is a two-seat fighter jet flown by a pilot and a weapons systems officer, who manages targeting, sensors and weapons. The aircraft is designed for both air-to-air combat and deep strike missions against ground targets, allowing it to operate far inside enemy territory.

After the crew ejected and aircraft went down, rescue beacons went off, which send out a radio or GPS signal, officials said Monday at the press briefing, and U.S. forces quickly launched a combat search-and-rescue mission, deploying rescue helicopters into Iranian territory to recover the downed pilot. 

“We flew for seven hours in daylight over Iran to get the first pilot, and we flew seven hours in the middle of the night to get the second,” War Secretary Pete Hegseth said Monday. 

The pilot was rescued later that day, within hours of the shoot down, in what Trump described as a daylight operation.

Rescue helicopters, including HH-60W Jolly Green II aircraft, came under Iranian small-arms fire as they moved in to extract the pilot, according to U.S. officials. Crew members aboard the helicopter carrying the pilot were injured, but the aircraft was able to fly safely out of Iranian territory.

An A-10 Thunderbolt II providing close air support for the rescue effort was also hit by enemy fire, according to U.S. officials. The aircraft was damaged, and the pilot later ejected over Kuwaiti airspace and was recovered.

Caine said the A-10s were flying in the “Sandy” role — a mission focused on protecting downed airmen and guiding rescue forces into hostile territory. 

“A Sandy has one mission, get to the survivor, bring the rescue force forward and put themselves between that survivor on the ground and the enemy,” Caine said Monday. 

“While this was ongoing and out in front of them, the Sandy flight of A-10s and other remotely piloted aircraft, drones and other tactical aircraft were violently suppressing and engaging the enemy in a close-in gunfight to keep the objective area,” he said. 

Saturday The hunt for the weapons system officer (WSO) 

While the Pentagon remained tight-lipped about the mission, Iranian state media blasted images from the crash and called on civilians to join in the search for the second crew member, an Air Force colonel, according to Trump.  

The Pentagon has not publicly released the names of the crew members, a standard practice while operations are ongoing. Both airmen have been recovered and are receiving medical care at a U.S. military facility, according to officials. 

Iranian state media urged civilians to help locate the missing crew member and offered a reward for his capture, while Islamic Revolutionary Guard Corps (IRGC) forces launched a search in the region.

The weapons systems officer, a colonel with SERE training, was using his survival and evasion training to stay one step ahead of Iranian forces. He reportedly climbed 7,000 feet up a ridge and remained hidden there for nearly 48 hours, a senior defense official told Fox News. 

“He was injured quite badly,” Trump said during a news briefing Monday. “He scaled cliff faces, bleeding rather profusely, treated his own wounds.”

The colonel hid in a mountain crevice while the CIA launched a deception campaign to convince the Iranian regime they had already located him and were moving him to the ground for exfiltration. While the Iranians were confused and uncertain of what was happening, the agency used its specialized capabilities to locate the American airman, a senior administration official told Fox News.

AIRMAN RESCUE SHOWS U.S. CAN PENETRATE ENEMY TERRITORY ‘ANYWHERE’ IN IRAN, FORMER PENTAGON OFFICIAL WARNS

Trump said the American aviator was being “hunted down” by enemies who were “getting closer and closer by the hour.” 

The U.S. used MQ9 Reaper drones to protect the area around where the U.S. believed the airman was hiding and fired on anything that came close to that area and any area where U.S. forces were operating, an administration official told Fox News. 

“At the president’s direction, we deployed both human assets and exquisite technologies,” Ratcliffe said, calling it “a daunting challenge, comparable to hunting for a single grain of sand in the middle of a desert.”

At the same time, the U.S. launched strikes on nearby areas to keep Iranian forces away.

“We executed multiple large scale strikes in the surrounding area using every tactical jet in the U.S. inventory + B-1 Bombers to keep him safe,” a senior U.S. official said. 

In between the rescue of the pilot and the rescue of the weapons officer, U.S. forces flying B2 bombers from Whiteman Air Force Base in Missouri dropped “bunker buster” massive ordnance penetrator bombs on an IRGC headquarters, a senior defense official told Fox News.

Sunday The final rescue

At the right moment, Trump said, he directed the military to send dozens of heavily armed aircraft to rescue the crew member, who the president said is “seriously wounded” but will recover. 

When the colonel finally made radio contact to coordinate the pickup, he sent the message: “God is good.” 

U.S. officials were not sure it was him at first. Trump told Axios they feared it was a trap. But those who knew the colonel said he was a man of deep faith. 

Rescue helicopters, including HH-60 Pave Hawk aircraft, came under Iranian small-arms fire during the extraction, sources told Air and Space Forces magazine. 

U.S. forces established a remote airstrip inside Iran to support the rescue. 

“This was not much of a runway,” Trump said. “This was a farm, not a runway.” 

Problems with two other transport planes prompted U.S. forces to blow them up rather than leave them behind in Iran, according to The Associated Press.

“The fact that we were able to pull off both of these operations, without a SINGLE American killed, or even wounded, just proves once again, that we have achieved overwhelming Air Dominance and Superiority over the Iranian skies,” Trump said on social media.

The Associated Press contributed to this report.

This article has been disseminated on behalf of LaFleur Minerals and may include paid advertising. Disclosure: This does not represent material news, partnerships or investment advice.

via MiningNewsWire — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) today announces its placement in an editorial published by MiningNewsWire (‘MNW’), one of 75+ brands within the Dynamic Brand Portfolio@IBN (InvestorBrandNetwork), a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community.

To view the full publication, ‘Record Gold Prices Reshape Opportunities for Emerging Producers,’ please visit: https://ibn.fm/yqQ5N

Gold prices have surged to record and near-record levels in recent months as persistent inflation concerns, geopolitical uncertainty and strong central-bank demand continue to drive investor interest in the precious metal. Major financial institutions have raised their outlook for bullion, with some analysts forecasting significantly higher prices over the next few years as global debt levels rise and economic volatility persists. In this environment, gold developers and emerging producers are working to strengthen their asset bases and accelerate projects that can respond to strong market conditions.

Among those is LaFleur Minerals Inc., which has taken several notable steps to advance its position within Québec’s prolific Abitibi Gold Belt. The company recently released a positive Preliminary Economic Assessment (‘PEA’) for its Swanson Gold Project sourcing mineralized material from its nearby gold mill, confirmed strong drilling results that reinforce the deposit’s growth potential and continued advancing refurbishment work at its fully permitted Beacon Gold Mill. Together, these developments reflect LaFleur’s strategy of combining exploration success with existing infrastructure as it works toward restarting gold production and strengthening its foothold in a rising gold market.

About LaFleur Minerals Inc.

LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The Company’s mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec and Jolin gold deposits and several other showings, which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals’ fully permitted and refurbished Beacon Gold Mill is capable of processing more than 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.

Qualified Person Statement – All scientific and technical information contained in the LaFleur Minerals Market Awareness Profile (MAP) has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101.

NOTE TO INVESTORS: The latest news and updates relating to LFLR are available in the company’s newsroom at http://ibn.fm/LFLRF  

About MiningNewsWire

MiningNewsWire (‘MNW’) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.

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The White House on Friday proposed a sweeping fiscal year 2027 budget that would dramatically increase military spending to roughly $1.5 trillion while cutting billions from domestic programs, marking a sharp shift in federal priorities toward national security and border enforcement.

The proposal outlines roughly $1.5 trillion in total defense resources, a figure the administration says is needed to address growing threats from China, Russia and other adversaries.

The request includes about $1.1 trillion in base discretionary funding for the Department of War, along with an additional $350 billion in mandatory funding to support priorities such as munitions production and expansion of the defense industrial base.

TRUMP REWRITES NATIONAL SECURITY PLAYBOOK AS MASS MIGRATION OVERTAKES TERRORISM AS TOP US THREAT

If enacted, the plan would represent one of the largest increases in U.S. defense spending in decades, though the total includes a mix of discretionary funding and mandatory resources that are not typically combined in standard Pentagon budget comparisons.

Weapons production, ships and emerging technologies

The budget places heavy emphasis on rebuilding weapons stockpiles and strengthening domestic manufacturing capacity, areas that defense officials have identified as key vulnerabilities in recent years.

It calls for accelerated procurement of critical munitions and expanded investments in the defense industrial base, alongside increased funding for nuclear modernization.

Shipbuilding is another major focus, with $65.8 billion requested to procure 18 Navy battle force ships and 16 non-battle force vessels as part of a broader effort to expand maritime capacity.

The proposal also continues funding for the “Golden Dome” missile defense system, which aims to develop a layered homeland defense using space-based sensors and interceptors.

Emerging technologies play a central role in the plan. 

The budget highlights investments in artificial intelligence, drones and counter-drone systems, and next-generation aircraft, including continued development of the F-47 — a sixth-generation fighter designed to operate alongside autonomous systems — with the program targeting a first flight as early as 2028.

Defense increases paired with domestic cuts

TRUMP NATIONAL SECURITY BLUEPRINT DECLARES ‘ERA OF MASS MIGRATION IS OVER,’ TARGETS CHINA’S RISE

The increase in defense spending is paired with a proposed 10% reduction in nondefense discretionary spending.

Budget tables show nondefense funding dropping to about $660 billion, while defense-related funding rises significantly, with base defense funding reaching roughly $1.15 trillion. 

The fiscal year 2026 National Defense Authorization Act (NDAA) authorized approximately $890 billion to $901 billion in defense spending. 

The administration also is proposing continued reductions in nondefense spending in future years, signaling a longer-term effort to rebalance federal spending toward national security priorities.

Several major agencies would see significant reductions under the plan, including: NASA, cut by about $5.6 billion, or 23%, State Department and international programs, down roughly $15.5 billion, or 30%, Environmental Protection Agency, cut by more than half, Department of Labor, reduced by about $3.5 billion and Department of Housing and Urban Development, down $10.7 billion.

The reductions are likely to face pushback from lawmakers, particularly over cuts to scientific research, housing programs and foreign aid.

“Donald Trump’s budget is rotten to the core, and Democrats will make sure it never passes,” Senate Majority Leader Chuck Schumer, D-N.Y., said in a statement. “Trump is already spending massive sums on never-ending wars abroad, and now he’s pushing for a record-breaking $1.5 trillion in defense spending while slashing programs that Americans and seniors care about and rely on.”

Border security and law enforcement funding expands

The budget also increases funding tied to immigration enforcement and domestic security.

The Department of Homeland Security would continue to rely on more than $190 billion in multiyear funding provided through prior legislation to support border wall construction, detention capacity and enforcement operations, including tens of thousands of detention beds.

PENTAGON SEEKS AT LEAST $200B FROM CONGRESS FOR IRAN WAR

At the same time, the Department of Justice would receive $40.8 billion in discretionary funding, a 13% increase, with additional resources aimed at addressing violent crime, drug trafficking and cartel activity.

The proposal also includes continued support for military involvement in border operations, as well as expanded funding for the Coast Guard.

Foreign aid reduced as priorities shift

The budget proposes a roughly 30% reduction in funding for the State Department and international programs, including cuts to humanitarian aid, global health initiatives and contributions to international organizations.

At the same time, it creates a new $5 billion fund intended to support strategic partnerships and national security priorities, along with expanded financing for allied nations purchasing U.S. defense equipment.

The changes reflect a broader shift toward prioritizing security-focused spending over traditional foreign assistance programs.

Industrial policy tied to national security

Beyond military spending, the budget links national security more directly to economic and industrial policy.

It includes funding to expand domestic production of critical minerals and support supply chains, alongside investments in advanced computing, including artificial intelligence supercomputers at national laboratories.

Officials say those efforts are intended to reduce reliance on foreign suppliers and improve the United States’ ability to sustain long-term competition with adversaries.

Economic assumptions and next steps

The budget is based on projections that assume steady economic growth of about 3% annually and inflation stabilizing near 2%, estimates that could face scrutiny from outside analysts.

The proposal now moves to Congress, where it is expected to face significant debate over both the scale of defense spending and the extent of domestic cuts.

Lawmakers also will likely scrutinize the administration’s use of mandatory funding and reconciliation to support defense increases, an approach that differs from traditional budget negotiations.

While presidential budgets are rarely enacted as written, the proposal provides a clear outline of the administration’s priorities heading into the next fiscal year, with a focus on military strength, border enforcement and a reduced role for many domestic programs.

President Donald Trump touted the “historic” rescue of the downed F-15E airmen behind enemy lines and issued a warning to Iran to make a deal before Tuesday night’s 8 p.m. ET deadline or face being “taken out.”

“This is a rescue that’s very historic,” Trump told the White House press corps in a Monday news conference. “It’ll go down to the books.”

“Late Thursday night, an American F-15 fighter jet went down deep inside enemy territory in Iran while participating in Operation Epic Fury, where we’re doing unbelievably well. Well, at a level that nobody’s ever seen before.”

Trump quickly paused his hailing of the rescue to add a warning for Iran to come to peace.

TRUMP REVEALS IRAN MADE ‘SIGNIFICANT PROPOSAL’ AFTER ULTIMATUM, BUT ‘NOT GOOD ENOUGH’

“The entire country can be taken out in one night, and that night might be tomorrow night,” Trump said.

Trump continued to press Iran to come to a peace deal, hours after saying the offers thus far are “not enough,” and War Secretary Pete Hegseth vowed the heaviest bombing of Iran to date.

TRUMP SAYS IRAN ‘NO LONGER A THREAT’ AFTER 32 DAYS — OUTLINES NEXT PHASE OF US WAR

“By the way, per the president’s direction, [Monday] will be the largest volume of strikes since day one of this operation,” Hegseth vowed, taking the mic just before Chair of the Joint Chiefs of Staff Gen. Dan “Raizin’” Caine. 

“Tomorrow, even more than today. And then Iran has a choice,” Hegseth added. “Choose wisely, because this president does not play around. You can ask Soleimani, you can ask Maduro. You can ask Khamenei.”

Trump, responding to a question from Fox News, noted there were military leaders warning against the dangerous exfiltration of the two airmen, citing the risks to a multitude of troops.

“There were military people, very professional, that preferred not doing it: These two were totally on board, which was very important,” Trump said, noting Hegseth and Gen. Caine. 

IDF CONFIRMS IRGC INTEL CHIEF KILLED; QUDS FORCE COMMANDER ALSO ELIMINATED IN STRIKE

“But, no, there were military people that said, ‘You just don’t do this; you don’t go into the heart of a very powerful military.”

Trump noted that “half the people are wearing uniforms” in Iran, exacerbating the challenges of extracting the American airmen.

“I was surprised somebody said it’s the only time it’s ever been done,” Trump continued. “I said, that’s not possible, but it is possible because you’re going into hundreds of thousands of soldiers along the path. I mean, look at some of the helicopters, how they got hit.”

Trump, in a moment that went from serious to lighter, asked Caine “how many” people conducted the rescue.

INSIDE THE DARING RESCUE OF AIRMAN BEHIND ENEMY LINES: HOW CIA ASSISTED WITH ‘DECEPTION CAMPAIGN’

“I’d love to keep that a secret,” Caine shot back.

“I’ll keep it a secret, but it was hundreds and hundreds of these people,” Trump said. 

“Hundreds of people went into this journey. Hundreds of people could have been killed. Forget about the equipment. A lot of equipment. Nobody cares of it. Hundreds of people could have been killed,” Trump added.

“So we had people that were within the military that said, ‘This is not a wise move,’” Trump said.

“And I understood that, but I decided to do it.”

The average price of a gallon of gasoline hit $4 Tuesday for the first time since mid-2022, as the cost of oil surges due to the Iran war.

In the month since the United States and Israel attacked Iran, the average price of unleaded gas has spiked more than a dollar a gallon. On Tuesday morning, the average price nationwide was $4.02 per gallon, motor club AAA said.

It’s not just retail gasoline. The diesel fuel used to power trucks delivering goods to stores, farm equipment and public transit has risen to $5.45 per gallon, more than $1.80 higher than it was a year ago.

Driving that is the soaring cost of crude oil worldwide. U.S West Texas Intermediate (WTI) crude has risen more than 50% since the war began Feb. 28, while Brent, the international benchmark, has seen a jump of nearly 60%.

On Monday, U.S. crude oil settled above $100 per barrel for the first time since Russia’s full-scale invasion of Ukraine in 2022. Brent crude oil is poised to see its largest one-month increase on record.

Oil prices had already started rising before the Iran war began, fueled by fears that a conflict was imminent. Since the start of the year, the cost of U.S. crude oil is up more than 80% and Brent has skyrocketed almost 90%.

In response to strikes by the U.S. and Israel, Iran has effectively blocked shipping through the Strait of Hormuz, a critical channel off its southern coast. Tehran has also attacked its Gulf Arab neighbors, who are major oil producers.

Typically, more than 20% of the world’s oil supply moves through the waterway. But Iran has repeatedly threatened to attack ships if they move through the strait without permission or if they’re associated with the U.S. or Israel. Several tankers have been hit.

As a result, many tankers are stranded in the Persian Gulf, unable to deliver their products to markets.

Some tankers have been allowed to pass through the strait, including one associated with India and three associated with China. But overall traffic through the waterway is down more than 90% in March.

During the first 28 days of the war, a total of only 55 to 60 tankers have cleared the Strait of Hormuz, according to the ship tracking website TankerTrackers.

Before the war, more than 100 ships per day made the passage, it said.

“This rise in gasoline spending could potentially dampen consumers’ ability to spend on ‘nice-to-have’ or discretionary categories,” Bank of America economists recently wrote.

This year, the average U.S. household will spend an additional $740 on gas because of the jump in oil prices, according to economists from the Stanford Institute for Economic Policy Research.

“The consumer has already seen the sticker shock from rising gasoline prices and increased airline ticket prices from the rising cost of jet fuel,” longtime industry analyst Andy Lipow said. “However, the full effects of the higher diesel prices has yet to be felt and that will flow through the economy over the next few months.”

As American consumers adjust to higher gas prices, oil dependent nations in Europe and Asia are already facing much more severe energy shocks. Inflation, oil and gas rationing and sharp pullbacks in economic growth estimates are impacting billions of people worldwide.

Tartisan Nickel Corp. (CSE: TN,OTC:TTSRF) (OTCQX: TTSRF) (FSE: 8TA) (‘Tartisan’, or the ‘Company’) is pleased to provide an update on the Phase 1 diamond drill program at the Company’s Kenbridge Nickel-Copper-Cobalt Project, Sioux Narrows, Northwestern Ontario. The Phase 1 drill program was designed to test the on strike and down dip potential for additional nickel sulphide mineralization to enhance the size and grade of the Kenbridge Deposit.

A total of 3,191m of drilling has been completed to date. The first 4 drill targets have been completed (drill holes KB26-207, KB26-208, KB26-209 and KB26-210 outlined on Figure 1). Samples were delivered to AGAT Labs in Thunder Bay for analysis.

Reported in this release are the results from the 4th hole KB26-210. Results from the hole confirm both A and B zones were intersected as outlined in the Table 1 below. Zone A was intersected from 762.4 to 787.0m drill depth and returned 0.71% Ni, 0.56% Cu over 24.6 metres including 6.1m of 1.17% Ni, 1.45% Cu from 762.4 to 768.5m drill depth and 2.0 m of 1.73% Ni, 0.31% Cu from 774.5 to 776.5m drill depth. Zone B was intersected from 800.2m to 806.0m drill depth. Results were 0.27% Ni, 0.24% Cu over 5.8 metres. Drill core intersection widths are estimated to be between 65 and 80% true width.

Fig 1: Long section of Kenbridge deposit showing drilling targets. Completed or holes in progress are outlined in red circles.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1492/288216_d63210af3456385c_002full.jpg

Mark Appleby, CEO of Tartisan Nickel Corp., stated, ‘The KB26-210-hole result represents a significant high-grade intercept. We are very encouraged to see the wider intersection as the deposit appears to now flare outwards at depth. Intersecting 24.6 metres of 0.71% Ni and 0.56% Cu including higher grade portions (1.17% Ni, 1.45% Cu over 6.1m and 1.73% Ni, 0.31% Cu over 2.0m) confirms continuity of significant nickel-copper mineralization in this system. These results will strengthen our ability and confidence in upgrading our resource and in the project’s overall potential. While we have now taken a brief pause for spring break up, the company will introduce Borehole EM down the drill holes completed in Phase 1 and commence Phase 2 drilling this spring. We look forward to drilling below the existing shaft bottom to test for the depth extension to the deposit shortly.’

Table 1: Highlight intervals (* denotes hole reported in this release)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1492/288216_table1.jpg

The Kenbridge Property is in the Kenora Mining District, Sioux Narrows, Ontario, Canada with all-season road access. The Kenbridge Deposit has an existing shaft to a depth of 2,042 ft (622 m), with level stations at 150 ft. (45 m) intervals below the shaft collar and two levels developed at 350 ft (107 m) and 500 ft (152 m) below the shaft collar.

Surveyed Hole Locations (Coordinates in UTM zone 15)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1492/288216_table2.jpg

Qualified Person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Dean MacEachern, P. Geo., an Independent Consultant to the Company and a Qualified Person as defined by NI 43-101.

QA/QC

Sample QA/QC procedures for Tartisan have been designed to meet or exceed industry standards. Drill core is collected from the diamond drill and placed in sealed core trays for transport to on-site sampling and core cutting facilities. The core is logged and samples taken from 0.3m to a maximum sample length of 1.5m. The core samples are split with a diamond blade saw with continuous running water, half of the sample is sent for lab testing, and the remaining half core is left in the core box for record or further sampling. The core samples are bagged in heavy plastic bags with 6 samples being placed into a rice bag for transport to AGAT Laboratories in Thunder Bay, ON or Calgary, AB for assay. Samples are submitted in batches of 50. 100g blind certified reference materials (CRMs) from CDN Resources, as well as, duplicates and blank samples are systematically inserted by the Company into the sample stream with reference to the mineralization in the sampled rock and analyzed as part of the Company’s quality assurance/quality control protocol, as well, AGAT labs implements their own quality control testing by inserting their own CRMs and Blanks in the sample stream for accredited testing.

All drill core samples were prepped and analyzed at AGAT Laboratories in Thunder Bay, Ontario or shipped to Calgary for testing. An ISO/IEC 17025 2017 certified independent laboratory from organizations like the Standards Council of Canada (SCC), the Canadian Association for Laboratory Accreditation (CALA), ANSI National Accreditation Board (ANAB) and the American Association of Laboratory Accreditation (A2LA). They maintain accreditations across their facilities in Alberta, Saskatchewan, Ontario, Nova Scotia, Newfoundland, Quebec and internationally.

NQ-diameter sawed half-core samples from the drilling program were securely sent by Tartisan Nickel Corp’s geologists to AGAT Laboratories Ltd. (AGAT), with sample preparation in Thunder Bay, Ontario, and analysis in Thunder Bay, Ontario & Calgary, Alberta. Samples were processed for Au, Pt and Pd analysis by 50-gram fire assay with ICP-OES finish and for four acid digestion, multi-element analysis by inductively coupled plasma & mass spectrometry (ICP OES + MS). AGAT sample preparation and laboratory analysis procedures conform to requirements of ISO/IEC Standard 17025 guidelines and meet the requirements under NI 43-101 and CIM best practice guidelines. AGAT Laboratories is independent of Tartisan Nickel Corp.

Samples were dried and crushed to 2 mm, from which a 250 g sub-sample split was then pulverized to 85% passing a 75 micron sieve. Following preparation, assays were determined by the ICP OES method. A 0.25 g aliquot of the prepared pulp was digested in a 4-acid solution consisting of hydrochloric, nitric, perchloric and hydrofluoric acids. 4-acid is a near total digest and only the most highly resistant minerals are not dissolved. The resulting solution was analyzed via ICP-MS and ICP-ES for 8 elements and was corrected for inter-element spectral interferences. Lower detection limits for this procedure are 0.01 ppm for nickel, 0.01 ppm for copper, 0.01 ppm for cobalt, 0.01 ppm for platinum, 0.01 ppm palladium, 0.01 ppm silver and 0.01 ppm for gold.

Samples with initial results beyond the upper detection limit of the ICP OES method were analyzed by (201-071) 4 acid digest – Metals Package, ICP-OES/ICP-MS finish (CGY). The thresholds are >1% for nickel, copper and cobalt. AGAT Laboratories employs internal quality control standards, duplicates and blank samples at set frequencies. Tartisan Nickel Corp. stores all its drilled core on-site and takes pride in its facilities and strives for excellence in its QA/QC procedures.

About Tartisan Nickel Corp.

Tartisan Nickel Corp. is a Canadian-based critical minerals exploration and development company which owns, the Kenbridge Nickel-Copper Project near Sioux Narrows, Northwestern Ontario, the Sill Lake Silver Project near Sault Ste. Marie, Ontario as well as the Night Danger Turtle Pond Project near Dryden, Ontario.

Tartisan Nickel Corp. common shares are listed on the Canadian Securities Exchange (CSE: TN,OTC:TTSRF) (OTCQX: TTSRF) (FSE: 8TA). Currently, there are 152,215,641 shares issued and outstanding (156,287,356 fully diluted).

For further information, please contact Mark Appleby, President & CEO, and a Director of the Company, at 416-804-0280 (info@tartisannickel.com). Additional information about Tartisan Nickel Corp. can be found at the Company’s website at www.tartisannickel.com or on SEDAR+ at www.sedarplus.ca.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288216

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Stocks surged Tuesday, with the S&P 500 closing up 2.9% while the Nasdaq rose 3.8% and the Dow gained 1,125 points.

But this very good day capped off what was a very bad month for U.S. equities. The S&P 500 fell 5.09% in March, and the Nasdaq Composite declined 4.75%.

The U.S.-Israeli war on Iran and the near-total blockade of the Strait of Hormuz, a narrow, Iranian controlled waterway through which a fifth of the world’s crude oil typically transits every day, weighed heavily on markets throughout the month.

Tuesday was also the end of the first quarter of the year, one when the S&P 500 and Nasdaq posted their worst annual starts since 2022, when the Russian invasion of Ukraine rocked markets.

For the first quarter, the S&P 500 dropped 4.6% and the Nasdaq declined 7.1%.

Oil prices, meanwhile, soared over the past month, driving up the cost of fuel and triggering a domino effect of higher prices around the globe.

Brent, the international oil benchmark, posted its largest monthly percentage increase ever, after having risen more than 60%. The price of U.S. West Texas Intermediate crude oil also soared in March, climbing more than 50% in its biggest one-month gain since 2020.

For millions of drivers in the U.S., the increases manifest as higher prices for gas. And here, too, the past month was remarkable. The average price of unleaded gasoline hit $4 per gallon Tuesday, up more than 34% in just four weeks.

But it’s not just gas prices that hit U.S. households this month.

More than half of all adults in the U.S. own stocks, often via their retirement accounts and the broader funds those managed accounts invest in. Most of the time, market moves up and down don’t swing the value of those kinds of diversified retirement accounts.

But March was a different story.

“Stocks have been following the lead of oil prices at an unprecedented rate over the last several weeks, and if the U.S. just walked away from the Middle East with the Strait still blockaded, energy markets would likely remain incredibly supply-constrained, keeping prices high,” analysts at Bespoke Investment Group wrote Tuesday.

“The longer prices are high and supplies are limited, the worse it’s going to be for the global economy and ultimately stock prices,” they added.

The wild market swings of the second Trump administration are in sharp contrast to how Donald Trump said the markets would react if he were elected to a second term in 2024.

“There are many people that are saying that the only reason the Stock Market is high is because I am leading in all of the Polls, and if I don’t win, we will have a CRASH of similar proportions to 1929,” Trump wrote on Truth Social in May 2024 as he campaigned for the presidency.

Shortly after he was re-elected in 2024, Trump was asked whether he believed market indexes were good barometers of his performance in office. “To me … all of it together, it’s very important,” he told CNBC.

But during the first 14 months of his second term, U.S. markets have faced some of the sharpest drawdowns in history.

In February and March of last year, Trump’s sweeping tariff policies roiled the market, pushing the S&P 500 into its seventh-fastest correction of all time. A correction is when a stock or an index declines 10% from its most recent record high.

Just over a year later, the S&P 500 isn’t far from doing it again. As of Tuesday’s closing bell, the index had tumbled 6.7% from its most recent high in January.

As oil prices rise, stocks typically fall given that higher oil prices typically lead to higher prices across a number of industry sectors over the long run.

Already, inflation is on the rise around the world. On Tuesday morning, eurozone inflation came in at 2.5%, from 1.9% the month before, according to the European Central Bank.

On Tuesday, the Nikkei 225 in Japan recorded its worst month since 2008. In Europe, the Stoxx 600 index posted its worst month since 2022.

Two near-corrections in just over a year illustrates just how volatile the administration’s policies have been for markets.

Still, since Trump took office for a second time, the S&P 500 is up 8%, although last year global stocks far outpaced the broad U.S. index.

In 2025, global stocks as measured by the MSCI ACWI ex USA index rose nearly 30%, while U.S. stocks rose just 16%. Global stocks haven’t beaten American equities by that much during the first year of a presidential term since 1993, according to data from Bloomberg.

In recent weeks, Trump has repeatedly touted the Dow’s recent 50,000 milestone as a sign that the markets are doing well in his presidency.

“You know, it’s sort of crazy, I hit 50,000 on the Dow,” Trump said at an investment conference in Florida on Friday. “People said that wouldn’t be possible within four years.”

“And then we hit 7,000 on the S&P,” Trump added. “People said that’s even harder than hitting 50,000 on the Dow.”

As of Tuesday, the Dow had plunged more than 3,600 points since it hit 50,000, a drop of nearly 7.5%.

Two relatives of slain Iranian Revolutionary Guard Corps Maj. Gen. Qasem Soleimani living in Los Angeles were taken into custody by federal agents after Secretary of State Marco Rubio revoked their green cards, officials said.

Hamideh Soleimani Afshar, identified as Soleimani’s niece, and her daughter were arrested and are now being held by U.S. Immigration and Customs Enforcement (ICE), according to an announcement Saturday from the State Department.

The Trump administration says Afshar has been a supporter of Iran’s “totalitarian, terrorist” regime.

“Afshar is the niece of deceased Iranian Major General Qasem Soleimani,” Rubio wrote on X. “She is also an outspoken supporter of the Iranian regime who celebrated attacks on Americans and referred to our country as the ‘Great Satan.’

RADICAL US MOSQUES HONOR IRAN’S SUPREME LEADER’S ‘MARTYRDOM’ WITH MEMORIAL SERVICES, EULOGY: ‘OUR LEADER’

“This week, I terminated both Afshar and her daughter’s legal status and they are now in ICE custody, pending removal from the United States.”

In January 2020, a U.S. airstrike in Baghdad killed Soleimani during President Donald Trump’s first term in office.

While living in the U.S., Afshar “promoted Iranian regime propaganda, celebrated attacks against American soldiers and military facilities in the Middle East, praised the new Iranian Supreme Leader, denounced America as the ‘Great Satan,’ and voiced her unflinching support for the Islamic Revolutionary Guard Corps, a designated terrorist organization,” the State Department said.

“[Afshar] pushed this propaganda for Iran’s terrorist regime while enjoying a lavish lifestyle in Los Angeles, as attested to by her frequent posting on her recently deleted Instagram account,” the department said.

IRAN VOWS ‘HARSH RETALIATION’ AFTER US AIRSTRIKE KILLS IRANIAN GEN. QASSEM SOLEIMANI

According to the Department of Homeland Security, ICE officers arrested Afshar and her daughter Friday in Los Angeles.

DHS said Afshar entered the U.S. on a tourist visa in June 2015, was granted asylum in 2019 and became a green card holder in 2021 under the Biden administration.

“In July 2025, she filed a naturalization application, where she disclosed she traveled to Iran at least four times since being issued a green card. Her trips to Iran illustrate her asylum claims were fraudulent,” a DHS spokesperson told Fox News.

Her daughter entered the U.S. on a student visa in July 2015, was granted asylum in 2019 and became a green card holder in 2023, according to DHS.

“It is a privilege to be granted a green card to live in the United States of America,” the spokesperson added. “If we have reason to believe a green card holder poses a threat to the U.S., the green card will be revoked.”

FORMER IRANIAN MINISTER PRAISES TRUMP ASSASSINATION FATWA AS DAUGHTER LIVES IN NEW YORK

In addition to revoking Afshar and her daughter’s lawful permanent resident status, officials said Afshar’s husband has been barred from entering the U.S.

Earlier this month, the State Department also terminated the legal status of Fatemeh Ardeshir-Larijani, the daughter of a former senior Iranian official, and her husband.

Both are no longer in the U.S. and are barred from reentry.

“The Trump Administration will not allow our country to become a home for foreign nationals who support anti-American terrorist regimes,” the announcement said.

The State Department and ICE did not immediately respond to Fox News Digital’s request for comment.

The Department of Homeland Security revealed that a suspect who fled to China after allegedly planting a deadly explosive device at a military base is the child of two Chinese illegal immigrants.  

U.S. Immigration and Customs Enforcement arrested Chinese nationals Qiu Qin Zou and Jia Zhang Zheng, both of whom were living in the U.S. illegally, Homeland Security said. 

They were arrested after two of their adult children, Ann Mary Zheng and Alen Zheng, were connected to a failed plot to detonate an improvised explosive device (IED) at MacDill Air Force Base in Florida in mid-March. 

The base is home to U.S. Central Command, which oversees military operations in the Middle East, and Special Operations Command, which oversees all special operations forces across the Department of War.

ICE DETAINS PRESIDENT OF WISCONSIN’S LARGEST MOSQUE, ALLEGING HE HID CONVICTION FOR ATTACKS ON ISRAELIS

The alleged perpetrators of the attempt were born in the U.S. after their parents illegally entered the country, according to the Department of Homeland Security. 

The agency asserted the case “illustrates why the improper recognition of ‘birthright citizenship’ for children of illegal aliens is not only inconsistent with the Constitution, but endangers all Americans.”

Birthright citizenship refers to the principle that anyone born on U.S. soil is automatically granted U.S. citizenship. 

The FBI said Alen Zheng, who is believed to have planted the improvised explosive device at MacDill Air Force Base March 10, is currently in China. He is facing charges of attempted damage to government property by fire or explosion, unlawful making of a destructive device and possession of an unregistered destructive device, which carry a potential sentence of up to 40 years in prison.

FBI Tampa arrested Ann Mary Zheng March 17 after her return to the U.S. from China, where she had fled with her brother. She was charged as an accessory after the fact and tampering with evidence, facing up to 30 years in prison. 

She is accused of hiding or damaging a 2010 Mercedes-Benz to prevent its use in legal proceedings, court documents show. 

Prosecutors allege the siblings attempted to cover their tracks by selling the vehicle to car dealer CarMax. Despite the vehicle being vacuumed and cleaned, investigators later discovered trace explosive residue inside the vehicle.

The day after Ann Mary Zheng’s arrest, ICE apprehended both parents, Qiu Qin Zou and Jia Zhang Zheng. They are in ICE custody, according to the Department of Homeland Security. 

Both parents applied for asylum in the U.S. but were denied and ordered removed by an immigration judge in 1998, according to the agency. 

The Department of Homeland Security said the Bureau of Immigration Appeals denied multiple attempts by the parents to have their case reopened. Despite this, both remained living in the U.S. illegally for nearly three decades.

The department said the case highlights the “grave danger” of current U.S. law granting automatic citizenship to anyone born on American soil, including the children of illegal immigrants.

WATCH: PRESIDENT TRUMP REVEALS FAMILIES OF SLAIN US SERVICE MEMBERS URGED HIM ‘FINISH THE JOB’

After the parents’ arrests, acting Department of Homeland Security Assistant Secretary Lauren Bis said “automatically granting citizenship to children of illegal aliens born in the U.S. … poses a major national security risk.”

“That reality became apparent last week when two U.S.-born children of Chinese illegal aliens were indicted for planting a potentially deadly explosive device outside MacDill Air Force Base in Florida,” said Bis.

“This incident underscores the severe national security threat that illegal immigration and birthright citizenship pose to the United States.”

Bis also asserted that the policy of granting automatic birthright citizenship “is based on a historically inaccurate interpretation of the Citizenship Clause” of the 14th Amendment.

The Supreme Court is weighing the constitutionality of an executive order signed by President Donald Trump that would end birthright citizenship for the children of illegal immigrants. Trump signed the order on his first day back in the Oval Office in 2025. 

PETE HEGSETH SIGNS MEMO OPENING DOOR FOR TROOPS TO CARRY PERSONAL FIREARMS ON BASES

The court held oral arguments on the case Wednesday, and justices appeared skeptical of Trump’s order.

Amy Swearer, a senior legal fellow at Advancing American Freedom, described the court’s line of questioning as “disappointing” for proponents of Trump’s stance on birthright citizenship.

“Most people understood coming into this, and I suspect even the government understood coming into this, that this was probably going to be a bit of an uphill battle,” Swearer said.

“I do think there’s a path forward” for a Trump victory, though it would likely be narrow and partial.

Fox News Digital’s Alex Nitzberg and Alexandra Koch contributed to this report.

Nevgold Corp. (‘NevGold’ or the ‘Company’) (TSXV:NAU,OTC:NAUFF) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce that the permits have been received and a drill rig is mobilizing to its Limousine Butte Project (the ‘Project’, ‘Limo Butte’) in Nevada. The drilling will test the historical gold heap leach pads for antimony with the objective of advancing the leach pads to a near-term antimony production scenario. This is one of the only near-term, at-surface antimony production scenarios in the United States with a path to potential antimony metal production by 2027. 

NevGold CEO, Brandon Bonifacio, comments: ‘There are very few opportunities like the near-term antimony production potential from the historical gold leach pads at Limo Butte. There is a clear mandate in the United States to find near-term production from a number of Critical Minerals, and we have one of those opportunities which we are rapidly advancing. We are in an advantageous position as we have oxide antimony at surface amendable to leaching at a brownfield mine site in the State of Nevada, which is one of the top mining jurisdictions globally with a systematic permitting regime and strong community support. Our focus is to drill the leach pads to advance to a Mineral Resource Estimate by the beginning of Q2-2026, which will define the grade and quantities of contained antimony that we have on the pads. Once an MRE is delivered, we will be able to evaluate the various development scenarios to extract the antimony from the leach pads, with the objective of reaching antimony metal production by 2027. We have the opportunity to be one of the near-term solutions to the United States building a fully vertically integrated antimony supply chain

Key Highlights

  • Drilling will advance the leach pads to a Mineral Resource Estimate (‘MRE’) by the beginning of Q2-2026 building on the Phase 1 sampling completed (see News Release from January 6, 2026):
    • The MRE is a key step in defining the quantities of antimony that could be processed in the near-term from the historical gold leach pads
    • Drilling will be completed over the coming weeks
    • Certain areas of the leach pads had Phase I sampling results of 0.74% Sb to 0.81% Sb (See Figure 1)
      • 2025 testwork using acid leaching resulted in antimony recoveries of up to 92%
      • Acid Leaching is being reviewed as the preferred metallurgical process for antimony as there is no reliance on downstream processing at third-party smelters; the acid leaching scenario would produce antimony metal at site through a conventional leaching scenario, which has many similarities to Solvent Extraction-Electrowinning (SX/EW) used for oxide copper in the copper industry
      • Antimony recovery has minimal to no impact on gold recovery; the gold in the historical leach pads could also be recovered in the future after antimony processing is completed
    • Antimony is one of the highest priority Critical Minerals due to its strategic importance and military applications; Limo Butte is a brownfield mine site located in the State of Nevada with near-surface, high-grade antimony mineralization
      • Historical leach pads provide opportunity for near-term antimony production
      • A larger commercial gold-antimony opportunity could be advanced and developed in parallel to the historical leach pad opportunity, including drilling, metallurgical testwork, and the preparation of a Mineral Resource Estimate (‘MRE’) at Resurrection Ridge (including high-grade antimony Bullet Zone discovery made in 2025) and Cadillac Valley
      • A staged project development approach offers various potential development scenarios over the next 12-24 months which may achieve near-term production and cash flow
    • 30 holes completed in the current 2025-2026 drill program with 12 holes pending release 

    Limo Butte Planned 2026 Activities / Status Update
    NevGold will continue its active exploration program at Limo Butte including:

    • Evaluating the historical geological database with focus on gold and antimony (completed);
    • Advancing metallurgical testwork (ongoing);
    • Continuing to drill test gold-antimony targets (5,000 meters (30 drillholes) completed, a further 20,000 meters is planned in 2026 focused on the Bullet Zone and Armory Fault discoveries);
    • Advancing the Crushed and Run of Mine (‘ROM’) leach pads to near-term antimony production (Drilling March-2026, MRE beginning of Q2-2026, ongoing metallurgical testwork);
    • Completing initial gold-antimony Mineral Resource Estimate (MRE) (in progress).

    Figure 1 – Historical gold leach pads and summary of Phase 1 pit sampling antimony results released on January 6, 2026. The results show consistent antimony grade throughout both the Crushed and ROM pads. The historically mined leach pads have material at surface that was previously mined and crushed with strong antimony-gold potential. To view image please click here

    Figure 2 – Historical gold leach pads and summary of Phase 1 pit sampling gold results released on January 6, 2026. The results show consistent gold grade throughout both the Crushed and ROM pads. The historically mined leach pads have material at surface that was previously mined and crushed with strong antimony-gold potential. 
    To view image please click here

    Figure 3 – Resurrection Ridge target area with the historically mined Golden Butte pit gold leach pads. 
    To view image please click here

    US Executive Order – Announced March 20, 2025
    The Company is pleased to report the sweeping Executive Order to strengthen American mineral production and reduce U.S. reliance on foreign nations for its mineral supply. Antimony (Sb) has been identified as an important ‘Critical Mineral’ in the United States essential for national security, clean energy, and technology applications, yet limited domestic mine supply currently exists.

    The Executive Order invokes the use of the Defense Production Act as part of a broad United States (‘US’) Government effort to expand domestic minerals production on national security grounds. As it relates to project permitting, the Order states that it will ‘identify priority projects that can be immediately approved or for which permits can be immediately issued, and take all necessary or appropriate actions…to expedite and issue the relevant permits or approvals.’ Furthermore, the Order includes provisions to accelerate access to private and public capital for domestic projects, including the creation of a ‘dedicated mineral and mineral production fund for domestic investments’ under the Development Finance Corporation (‘DFC’).

    This decisive action by the US Government highlights the urgent need to expand domestic minerals output to support supply chain security in the United States. This important Order will help revitalize domestic mineral production by improving the permitting process and providing financial support to qualifying domestic projects.

    Importance of Antimony
    Antimony is considered a ‘Critical Mineral’ by the United States based on the U.S. Geological Survey’s 2022 list (U.S.G.S. (2022)). ‘Critical Minerals’ are metals and non-metals essential to the economy and national security. Antimony is utilized in all manners of military applications, including the manufacturing of armor piercing bullets, night vision goggles, infrared sensors, precision optics, laser sighting, explosive formulations, hardened lead for bullets and shrapnel, ammunition primers, tracer ammunition, nuclear weapons and production, tritium production, flares, military clothing, and communication equipment. Other uses include technology (semi-conductors, circuit boards, electric switches, fluorescent lighting, high quality clear glass and lithium-ion batteries) and clean-energy storage.

    Globally, approximately 90% of the world’s current antimony supply is produced by China, Russia, and Tajikistan. Beginning on September 15, 2024, China, which is responsible for nearly half of all global mined antimony output and dominates global refinement and processing, announced that it will restrict antimony exports. In December-2024, China explicitly restricted antimony exports to the United States citing its dual military and civilian uses, which further exacerbated global supply chain concerns. (Lv, A. and Munroe, T. (2024)) The U.S. Department of Defense (‘DOD’) has designated antimony as a ‘Critical Mineral’ due to its importance in national security, and governments are now prioritizing domestic production to mitigate supply chain disruptions. Projects exploring antimony sources in North America play a key role in addressing these challenges.

    Perpetua Resources Corp. (‘Perpetua’, NASDAQ:PPTA, TSX:PPTA) has the most advanced domestic gold-antimony project in the United States. Perpetua’s project, known as Stibnite, is located in Idaho approximately 130 km northeast of NevGold’s Nutmeg Mountain and Zeus projects. Positive advancements at Stibnite including technical development and permitting has led to US$75 million in Department of Defense (‘DOD’) awards, over $1.8 billion in indicative financing from the Export Import Bank of the United States (‘US EXIM’) (see Perpetua Resources News Release from April 8, 2024) (Perpetua Resources. (2025)), and recent strategic investments of US$180 million from Agnico-Eagle Mines Limited (‘Agnico’) and US$75 million from JPMorganChase’s $1.5 trillion Security and Resiliency Initiative. (see Perpetua Resources News Release from October 27, 2025)

    Figure 4 – Limousine Butte Land Holdings and District Exploration Activity To view image please click here

    ON BEHALF OF THE BOARD

    ‘Signed’

    Brandon Bonifacio, President & CEO

    For further information, please contact Brandon Bonifacio at bbonifacio@nev-gold.com, call 604-337-4997, or visit our website at www.nev-gold.com.

    Sampling Methodology, Quality Control and Quality Assurance
    NevGold QA/QC protocols are followed on the Project and include insertion of duplicate, blank and standard samples in all drill holes. Drill, surface, and pit samples are sent to ISO 17025 certified American Assay Labs in Reno, Nevada. A 30g gold fire assay and multi-elemental analysis ICP-OES method were completed.

    The pit sampling was conducted by Greg French, CPG, the Company’s Vice President, Exploration, who is NevGold’s Qualified Person (‘QP’) under National Instrument 43-101. Mr. French also and reviewed and approved the technical information contained in this news release

    About the Company
    NevGold is an exploration and development company targeting large-scale mineral systems in the proven districts of Nevada and Idaho. NevGold owns a 100% interest in the Limousine Butte and Cedar Wash gold projects in Nevada, and the Nutmeg Mountain gold project and Zeus copper project in Idaho.

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

    Cautionary Note Regarding Forward Looking Statements

    This news release contains forward-looking statements that are based on the Company’s current expectations and estimates. Forward-looking statements are frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’, ‘suggest’, ‘indicate’ and other similar words or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements include, but are not limited to, the proposed work programs at Limousine Butte, the exploration potential at Limousine Butte, and the completion of future potential project milestones such as the potential Mineral Resource Estimate (‘MRE’) and reaching potential antimony production. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such risks include, but are not limited to, general economic, market and business conditions, and the ability to obtain all necessary regulatory approvals. There is some risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct or that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

    References

    Blackmon, D. (2021) Antimony: The Most Important Mineral You Never Heard Of. Article Prepared by Forbes.

    Kurtenbach, E. (2024) China Bans Exports to US of Gallium, Germanium, Antimony in response to Chip Sanctions. Article Prepared by AP News.

    Lv, A. and Munroe, T. (2024) China Bans Export of Critical Minerals to US as Trade Tensions Escalate.  Article Prepared by Reuters.

    Lv, A. and Jackson, L. (2025) China’s Curbs on Exports of Strategic Minerals. Article Prepared by Reuters.

    Perpetua Resources. (2025) Antimony Summary.  Articles and Videos Prepared by Perpetua Resources.

    Sangine, E. (2022) U.S. Geological Survey, Mineral Commodity Summaries, January 2023. Antimony Summary Report prepared by U.S.G.S

    U.S.G.S. (2022) U.S. Geological Survey Releases 2022 List of Critical Minerals. Reported Prepared by U.S.G.S

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