Press Release: Lundin Gold Reports Further High-Grade Results at FDNS Including 108.61 G/t Au over 11.75 Metres; Development Begins Toward FDN East Following Record Drill Result of 236.62 G/t Au over 3.95 Metres

Dow Jones
Jul 28

VANCOUVER, BC, July 27, 2026 /CNW/ -- Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to report strong results from its ongoing conversion and near--mine exploration drilling programs at the Fruta del Norte ("FDN") gold mine in southeast Ecuador. PDF Version

The drilling programs continue to deliver positive results at FDN, FDN South ("FDNS"), and FDN East. With four gold-silver epithermal deposits identified to date, the Company has a significant pipeline to continue growing Mineral Resources and Mineral Reserves.

Highlights

   -- FDNS exploration: High-grade intercepts at depth continue to extend 
      mineralization beyond the current Mineral Resource envelope, highlighting 
      the potential for further resource growth. 
 
   -- FDNS conversion: Conversion drilling demonstrates continuity and grade in 
      support of potential resource and reserve growth. 
 
   -- FDNS development: Development is advancing through the deposit, with 
      development crosscuts successfully intersecting modelled mineralization 
      and providing initial development ore. 
 
   -- FDN East: The highest-grade interval ever recorded at FDN East, together 
      with continued success expanding high-grade mineralization to the east, 
      reinforces confidence in the deposit's growth and conversion potential. 
      Underground development toward FDN East is underway to accelerate 
      drilling and support potential future production. 
 
   -- FDN: Results extend the upper portion of the main FDN mineralized 
      envelope close to existing underground infrastructure, highlighting 
      additional near-mine resource growth opportunities. 

Jamie Beck, President and CEO, commented, "Our conversion and exploration programs continue to deliver exceptional results across our known epithermal gold deposits. Recent drilling results support the potential to expand these deposits and grow Mineral Reserves and Mineral Resources while also highlighting the consistently high-grade nature of the mineralized system at Fruta del Norte.

At FDNS, drilling continues to intercept exceptional grades over mineable widths, including several high-grade intercepts beyond the current Mineral Resource envelope. These results reinforce our confidence that FDNS will continue to grow as we advance the deposit toward future production. Development to the south has successfully intersected mineralized veins building confidence in the geological model.

At FDN East, the highest-grade interval ever recorded at the deposit, combined with expanding mineralization to the east, further increases our confidence in the deposit's growth and conversion potential. As a result, we have commenced underground development toward FDN East from FDN. Similar to the approach successfully implemented at FDNS, this development is expected to provide improved access for exploration and conversion drilling while also establishing the initial infrastructure required to support potential future production.

Together, the advancement of FDNS, the growth of FDN East and ongoing success at FDN demonstrate the strength of our known epithermal exploration pipeline and provide multiple opportunities to create long-term value from the broader Fruta del Norte mineralized system."

Conversion Drilling Program Highlights (not true widths)

FDNS

   -- Drill hole FDN-C26-443 intersected 199.90 grams per tonne ("g/t") of gold 
      ("Au") over 6.90m from 66.60m, including: 
 
   -- 762.84 g/t Au over 1.80m 
 
   -- Drill hole FDN-C26-481 intersected 196.79 g/t Au over 4.50m from 161.35m, 
      including: 
 
   -- 929.00 g/t Au over 0.90m 
 
   -- Drill hole FDN-C26-459 intersected 90.91 g/t Au over 6.80m from 137.40m, 
      including: 
 
   -- 214.40 g/t Au over 2.45m 
 
   -- Drill hole FDN-C26-453 intersected 53.01 g/t Au over 8.40m from 31.30m, 
      including: 
 
   -- 220.08 g/t Au over 1.85m 

Exploration Drilling Program Highlights (not true widths)

FDNS

   -- Drill hole UGE-S-26-478 intersected 108.61 g/t Au over 11.75m from 
      177.80m, including: 
 
          -- 2,030.00 g/t Au over 0.40m 
 
   -- Drill hole UGE-S-26-497 intersected 67.19 g/t Au over 5.80m from 37.50m, 
      including: 
 
          -- 552.00 g/t Au over 0.40m 
 
   -- Drill hole UGE-S-26-505 intersected 19.33 g/t Au over 5.35 from 56.95m, 
      including: 
 
          -- 49.44 g/t Au over 2.00m 

FDN East

   -- Drill hole UGE--E-26-487 intersected 236.62 g/t Au over 3.95 m from 
      280.75m including: 
 
   -- 933.00 g/t Au over 1.00m 
 
   -- Drill hole FDNE-2026-466-D2 intersected 23.16 g/t Au over 6.25m from 
      429.05m, including: 
 
   -- 39.01 g/t Au over 3.00m 

FDN

   -- Drill hole UGE-26-520 intersected 9.32 g/t Au over 20.90 m from 50.90m 
      including: 
 
   -- 18.85 g/t Au over 6.50m 
 
   -- Drill hole UGE-26-523 intersected 15.05 g/t Au over 8.05m from 45.60m, 
      including: 
 
   -- 25.35 g/t Au over 2.45m 

FDNS

Underground drilling programs continue to advance at FDNS, located directly south of the FDN deposit. In 2026, the Company declared an inaugural Mineral Reserve of 0.54 Moz (2.50 Mt at 6.66 g/t Au) approximately 18 months after the deposit's discovery.

Following the declaration of the inaugural Mineral Reserve, the Company commenced underground development from the South Portal toward FDNS, taking the first round in April. Approximately 116 metres of development has been completed from the South Portal and 252 metres from existing access points on the 1170 level. Development crosscuts from these levels have successfully intersected mineralized veins, building confidence in the geologic model.

The current conversion drilling program aims to upgrade Inferred Resources to the Indicated category and support further Mineral Reserve additions. Since January, approximately 12,678 metres of drilling has been completed across 110 holes and outstanding intercepts continue to be recorded along the entire extension of the FDNS deposit (Figure 2). Notably, holes FDN-C26-443, FDN--C25--459, and FDN--C26--481 have defined distinct higher-grade mineralized zones, providing areas for further drilling.

The exploration drilling program continues to successfully intercept the continuity of the FDNS deposit beyond the current Mineral Resource. Holes UGE-S-26-478, UGE-S-26-497, and UGE-S-26-505 returned high-grade mineralized intercepts at depth, highlighting areas for further expansion (Figure 3). Results received to date are summarized in Table 1. Five underground rigs are currently operating at FDNS.

FDN EAST

FDN East is a buried epithermal system composed of multiple subparallel north--south trending veins located less than 100 metres from the main FDN mine infrastructure. FDN East has initially been defined over a 500--metre strike length, and the Company published an inaugural Mineral Resource estimate in 2026 of 0.42 Moz Au (2.17 Mt at 6.01 g/t Au).

The FDN East deposit remains open in all directions and drilling has successfully expanded the mineralized footprint along strike to the north and to the south as well as toward the east. In the central portion of the deposit, hole UGE-E-26-487 returned the highest--grade intercept ever recorded at FDN East, highlighting the potential for the area to host high-grade mineralized zones (Figure 4). Surface hole FDNE-2026-466-D2 confirmed the continuity of the recently discovered high-grade veins in the eastern portion of the deposit and suggests further exploration potential to the east of the known limits of mineralization. Currently, two underground rigs and one surface rig are operating at FDN East. Results received to date are presented in Table 2.

The Company has commenced underground development from FDN toward FDN East, which will provide improved angles and shorter hole lengths for conversion drilling, better access to test exploration extensions of the FDN East deposit and support potential future production (Figure 4).

FDN

At FDN, underground exploration drilling results confirm the upper extension of the deposit along the contact with the Suarez Conglomerate, close to existing underground infrastructure. Drillholes UGE--26--520 and UGE--26--523 both intercepted continuous mineralization on levels readily accessible from current mine development (Figure 5). Results received to date are summarized in Table 3.

Figure 1: Map showing FDN mineral footprint with the FDN, FDNS, FDN East, and Bonza Sur deposits

Figure 2: Long section showing FDN, FDNS, and FDN East deposits with selected FDNS conversion drilling results

Figure 3: Long section showing FDN and FDNS deposits with selected FDNS Exploration drilling results

Figure 4: Map showing FDN, FDNS, and FDN East deposits with selected FDN East exploration drilling results

Figure 5: Long Section showing FDN, FDNS, and FDN East deposits with selected exploration drilling results along the FDN upper extension

Qualified Persons and Technical Notes

The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples. The remaining half core is retained for verification and reference purposes. For further information on the assay, QA-QC, and data verification procedures, please see Lundin Gold's most recent Annual Information Form.

About Lundin Gold

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world.

The Company's board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. Furthermore, Lundin Gold is focused on continued exploration on its extensive and highly prospective land package to identify and develop new resource opportunities to ensure long-term sustainability and growth for the Company and its stakeholders.

Additional Information

The information in this release is subject to the disclosure requirements of Lundin Gold under the EU Market Abuse Regulation. This information was publicly communicated on July 27, 2026 at 2:00 p.m. Pacific Time through the contact persons set out below.

Caution Regarding Forward-Looking Information and Statements

Certain of the information and statements in this press release are considered "forward-looking information" or "forward-looking statements" as those terms are defined under Canadian securities laws (collectively referred to as "forward-looking statements"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. By their nature, forward-looking statements and information involve assumptions, inherent risks, and uncertainties, many of which are difficult to predict, and are usually beyond the control of management, that could cause actual results to be materially different from those expressed by these forward-looking statements and information. Lundin Gold believes that the expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct. Forward-looking information should not be unduly relied upon. This information speaks only as of the date of this press release, and the Company will not necessarily update this information, unless required to do so by securities laws.

This press release contains forward-looking information in a number of places, such as in statements relating to the Company's exploration plans, activities and results and its plans to update its estimates of Mineral Reserves and Resources. There can be no assurance that such statements will prove to be accurate, as Lundin Gold's actual results and future events could differ materially from those anticipated in this forward-looking information as a result of the factors discussed in the "Risk Factors" section in Lundin Gold's Annual Information Form dated March 20, 2026 available under the Company's profile at www.sedarplus.ca.

Lundin Gold's actual results could differ materially from those anticipated. Factors that could cause actual results to differ materially from any forward-looking statement or that could have a material impact on the Company or the trading price of its shares include: fiscal risk; community relations; mining operations; security situation; waste disposal and tailings; environmental compliance; illegal mining; infrastructure; forecasts relating to production and costs; land acquisition and surface rights; indigenous consultation requirements; Mineral Reserve and Mineral Resource estimates; regulatory compliance and government approvals; dependence on a single mine; climate change and extreme weather events; shortages of critical resources; exploration and development; control of Lundin Gold; information systems and cyber security; health and safety; human rights; measures to protect biodiversity, endangered species and critical habitats; global economic conditions; competition for new projects; availability of workforce and labour relations; key talent recruitment and retention; gold price; market price of the Company's shares; social media and reputation; insurance and uninsured risks; dividends; internal controls; conflicts of interest; violation of anti-bribery and corruption laws; claims and legal proceedings; reclamation obligations; expropriation and nationalization; and pandemics, epidemics or infectious disease outbreak.

APPENDIX 1

Table 1: Drillhole assay results from the FDNS drilling program reported for thickness versus grade intervals above 8.37 (m x g/t Au > 8.37). Drill hole intercepts are reported in drill core lengths and true widths.

 
Hole ID        From    To (m)  Interval  True   Au       Ag      Target  Zone 
               (m)             (m)       width  (g/t)    (g/t) 
                                         (m) 
FDN-C26-393      0.00    4.05      4.05   2.32     7.58   41.75    FDNS  Underground 
Including        1.55    3.25      1.70   0.98    16.23   84.48 
FDN-C26-393     70.45   73.60      3.15   1.81     6.86  109.82 
Including       70.45   72.10      1.65   0.95    10.38  106.16 
FDN-C26-394      0.00    3.75      3.75   3.52     9.12    6.17    FDNS  Underground 
Including        0.00    1.95      1.95   1.83    16.65    8.28 
FDN-C26-394    119.60  123.35      3.75   3.52    10.41   67.11 
Including      122.50  123.35      0.85   0.80    33.10   16.50 
FDN-C26-396     17.95   21.50      3.55   3.22     7.52   12.51    FDNS  Underground 
Including       20.05   20.55      0.50   0.45    12.15   10.80 
FDN-C26-396     37.70   40.75      3.05   2.76     4.40   12.51 
Including       37.70   38.55      0.85   0.77     8.82   22.52 
FDN-C26-396     60.30   61.55      1.25   1.17     8.89    7.77 
FDN-C26-396     79.05   82.30      3.25   2.81     8.81    8.08 
Including       80.75   82.30      1.55   1.34    16.28   12.48 
FDN-C26-396     92.45   95.60      3.15   2.73     6.35    3.99 
Including       92.45   93.70      1.25   1.08    10.55    4.41 
FDN-C26-396    104.85  107.30      2.45   2.12     5.89   51.73 
Including      104.85  105.95      1.10   0.95    10.03  106.91 
FDN-C26-399      0.00    3.00      3.00   2.46     8.82    6.53    FDNS  Underground 
Including        0.00    2.00      2.00   1.64    12.33    7.75 
FDN-C26-400     41.50   45.90      4.40   3.11     8.68    4.91    FDNS  Underground 
Including       45.50   45.90      0.40   0.28    87.40   36.20 
FDN-C26-400     78.80   87.55      8.75   6.19    18.74   12.30 
Including       81.55   81.95      0.40   0.28   375.00  178.00 
FDN-C26-402     34.55   43.80      9.25   6.54    18.20   21.38    FDNS  Underground 
Including       34.55   35.45      0.90   0.64    96.13   64.25 
Including       41.90   43.20      1.30   0.92    52.87   23.64 
FDN-C26-403      4.50    9.80      5.30   3.41     5.36    7.50    FDNS  Underground 
Including        6.50    7.85      1.35   0.87    12.00    9.61 
FDN-C26-403     48.35   54.10      5.75   4.40     4.07    4.56 
Including       52.10   52.90      0.80   0.61    11.36    9.40 
FDN-C26-403     61.90   65.90      4.00   3.06     4.55    3.19 
Including       63.45   64.15      0.70   0.54    11.30    5.20 
FDN-C26-403     69.75   73.10      3.35   2.57     5.20    5.38 
Including       69.75   70.15      0.40   0.31    33.40   15.80 
FDN-C26-403     87.25   89.80      2.55   1.80     6.92   16.00 
Including       88.25   89.40      1.15   0.81    14.88   28.51 
FDN-C26-403     96.90  101.20      4.30   3.04    13.41   11.63 
Including       96.90   98.25      1.35   0.95    39.91   18.09 
FDN-C26-404                              No Significant Results    FDNS  Underground 
FDN-C26-405      0.00    3.45      3.45   1.62     4.55   46.99    FDNS  Underground 
Including        1.50    2.45      0.95   0.45     8.80   61.90 
FDN-C26-405     80.30   82.10      1.80   0.85     5.11   52.77 
FDN-C26-405     87.35   91.00      3.65   1.71     4.84   30.39 
Including       87.35   88.25      0.90   0.42    13.45   89.60 
FDN-C26-405    117.55  121.70      4.15   1.95    13.73  141.26 
Including      120.00  121.70      1.70   0.80    31.03  274.96 
FDN-C26-406                              No Significant Results    FDNS  Underground 
FDN-C26-407      2.50    4.95      2.45   2.12     3.75    9.18    FDNS  Underground 
FDN-C26-407      8.45   13.20      4.75   4.11     4.73    6.23 
Including       10.45   11.55      1.10   0.95     7.42    9.94 
FDN-C26-407     16.90   22.55      5.65   4.89     5.10    8.52 
Including       16.90   18.10      1.20   1.04    15.75    8.87 
FDN-C26-407     30.15   37.30      7.15   6.19     6.30    8.11 
Including       35.95   37.30      1.35   1.17    19.30   19.25 
FDN-C26-408     77.35   80.60      3.25   1.63     5.52   20.40    FDNS  Underground 
Including       77.35   78.70      1.35   0.68    12.02   43.80 
FDN-C26-409      0.00    6.50      6.50   5.32     5.22    4.94    FDNS  Underground 
Including        0.00    0.45      0.45   0.37     9.67   12.50 
Including        5.70    6.50      0.80   0.66    28.50    7.00 
FDN-C26-409     94.30   97.30      3.00   2.46     5.55    4.62 
Including       95.15   96.90      1.75   1.43     8.09    5.29 
FDN-C26-410                              No Significant Results    FDNS  Underground 
FDN-C26-411    109.00  113.85      4.85   4.78     3.02   16.18    FDNS  Underground 
FDN-C26-412                              No Significant Results    FDNS  Underground 
FDN-C26-413     49.00   51.15      2.15   1.23    14.28   41.29    FDNS  Underground 
Including       49.65   50.15      0.50   0.29    45.60  105.00 
FDN-C26-414                              No Significant Results    FDNS  Underground 
FDN-C26-415                              No Significant Results    FDNS  Underground 
FDN-C26-416                              No Significant Results    FDNS  Underground 
FDN-C26-417     41.85   45.00      3.15   2.02    51.56   25.11    FDNS  Underground 
Including       43.15   45.00      1.85   1.19    87.12   40.99 
FDN-C26-418                              No Significant Results    FDNS  Underground 
FDN-C26-419                              No Significant Results    FDNS  Underground 
FDN-C26-420     18.45   26.90      8.45   2.89     6.10   15.90    FDNS  Underground 
Including       22.75   23.15      0.40   0.14   103.00   91.30 
FDN-C26-420     49.50   50.70      1.20   0.41    10.81   33.10 
Including       49.50   50.30      0.80   0.27    15.68   47.35 
FDN-C26-420     59.75   61.75      2.00   0.68     4.86   21.96 
Including       60.95   61.75      0.80   0.27     9.05   26.50 
FDN-C26-420     76.20   78.30      2.10   0.72    26.17   37.66 
Including       76.20   76.60      0.40   0.14   130.00   63.60 
FDN-C26-420     96.80   98.80      2.00   0.68     8.85   18.40 
FDN-C26-421      0.75    3.05      2.30   0.79     3.74   16.52    FDNS  Underground 
FDN-C26-421    125.10  127.10      2.00   0.68     6.21    6.62 
Including      125.65  126.05      0.40   0.14    29.70   16.30 
FDN-C26-422     45.40   47.30      1.90   0.95     5.27   51.85    FDNS  Underground 
Including       46.10   46.90      0.80   0.40    10.78  105.45 
FDN-C26-422     98.65  101.65      3.00   1.50     8.02   24.40 
Including       98.65   99.60      0.95   0.48    16.30   35.70 
FDN-C26-423                              No Significant Results    FDNS  Underground 
FDN-C26-424                              No Significant Results    FDNS  Underground 
FDN-C26-425      2.85    6.65      3.80   3.79     6.15    9.88    FDNS  Underground 
Including        2.85    4.00      1.15   1.15    15.42   22.62 
FDN-C26-425      9.70   11.65      1.95   1.94     9.10   17.36 
Including       10.65   11.65      1.00   1.00    15.30   24.00 
FDN-C26-425     56.50   58.10      1.60   1.59     7.69    8.06 
FDN-C26-425     64.80   68.90      4.10   4.08     5.20    5.94 
FDN-C26-426     19.00   20.55      1.55   1.27    17.83   17.77    FDNS  Underground 
Including       19.40   19.80      0.40   0.33    65.40   41.20 
FDN-C26-426     21.90   29.55      7.65   5.41    18.06   71.19 
Including       26.25   28.10      1.85   1.31    40.96  190.81 
FDN-C26-426     32.30   35.50      3.20   1.35    28.92   17.58 
Including       32.30   33.90      1.60   0.68    57.52   29.85 
FDN-C26-426     77.50   80.50      3.00   2.30     5.88    8.10 
FDN-C26-426     84.40   89.00      4.60   2.96    23.50   11.30 
Including       84.40   87.00      2.60   1.67    38.19   15.03 
FDN-C26-426     91.10   95.90      4.80   3.68     4.60    6.05 
Including       94.90   95.90      1.00   0.77     9.79    4.00 
FDN-C26-426     97.20  104.35      7.15   5.48     6.72    3.52 
Including      100.00  101.35      1.35   1.03    14.04    4.73 
FDN-C26-426    109.20  112.15      2.95   2.42     5.20    2.58 
Including      109.20  110.20      1.00   0.82    11.85    3.60 
FDN-C26-427     13.60   15.20      1.60   1.13     5.96   11.10    FDNS  Underground 
Including       13.60   14.40      0.80   0.57    10.50   12.10 
FDN-C26-427     21.05   27.00      5.95   3.82     6.59   23.64 
Including       23.55   25.30      1.75   1.12    14.87   43.33 
FDN-C26-427     62.80   70.50      7.70   5.90    18.83   21.92 
Including       63.50   66.40      2.90   2.22    37.84   29.12 
FDN-C26-427     80.20   85.10      4.90   4.44     6.31    6.20 
Including       82.00   82.60      0.60   0.54    11.85    8.10 
FDN-C26-427     90.30   92.25      1.95   1.77     5.78    2.54 
Including       91.00   91.40      0.40   0.36    15.00    4.00 
FDN-C26-428     61.80   68.40      6.60   6.50     5.33   13.65    FDNS  Underground 
FDN-C26-429     41.80   43.70      1.90   1.65     6.15   21.36    FDNS  Underground 
FDN-C26-430     21.50   26.05      4.55   3.49     7.56   33.00    FDNS  Underground 
Including       23.90   26.05      2.15   1.65    14.30   50.91 
FDN-C26-431                              No Significant Results    FDNS  Underground 
FDN-C26-432                              No Significant Results    FDNS  Underground 
FDN-C26-433      4.65    7.20      2.55   2.46     5.81   37.56    FDNS  Underground 
Including        6.45    7.20      0.75   0.72    12.85   97.00 
FDN-C26-433     17.60   20.60      3.00   2.90     5.42   27.46 
Including       17.60   18.35      0.75   0.72    16.50   83.60 
FDN-C26-434      0.00    2.90      2.90   2.73     4.28   50.69    FDNS  Underground 
Including        0.00    1.70      1.70   1.60     5.42   67.69 
FDN-C26-435     15.50   18.60      3.10   2.37    12.02   21.50    FDNS  Underground 
Including       16.40   17.65      1.25   0.96    19.00   29.10 
FDN-C26-435     63.95   65.15      1.20   0.92    14.01   11.10 
Including       64.55   65.15      0.60   0.46    24.90   18.40 
FDN-C26-436                              No Significant Results    FDNS  Underground 
FDN-C26-437     32.45   35.25      2.80   2.79     5.14    4.40    FDNS  Underground 
FDN-C26-437     43.65   60.40     16.75  16.69     7.78    8.07 
Including       51.20   52.90      1.70   1.69    31.01   16.02 
Including       56.60   57.00      0.40   0.40    23.70   17.90 
FDN-C26-438     46.80   54.05      7.25   6.28     3.71    1.98    FDNS  Underground 
Including       46.80   47.65      0.85   0.74     8.32    2.10 
Including       49.30   50.30      1.00   0.87     7.33    4.90 
FDN-C26-438     58.90   60.30      1.40   1.21     8.09    5.16 
FDN-C26-438     70.15   72.40      2.25   1.95     5.29    6.94 
FDN-C26-438     75.70   76.70      1.00   0.87     9.49    2.50 
FDN-C26-439     46.75   47.50      0.75   0.57    12.75    2.50    FDNS  Underground 
FDN-C26-439    125.15  127.70      2.55   1.95    15.01    5.84 
Including      127.00  127.70      0.70   0.54    34.90   11.40 
FDN-C26-439    158.20  161.60      3.40   2.40     8.42    5.36 
Including      158.20  159.60      1.40   0.99    14.50    7.94 
FDN-C26-439    165.45  170.00      4.55   3.22    22.80    6.48 
Including      166.95  168.95      2.00   1.41    37.78    7.80 
FDN-C26-440    101.50  105.50      4.00   2.83    14.56   12.14    FDNS  Underground 
Including      103.40  105.50      2.10   1.48    26.25   16.87 
FDN-C26-440    141.00  142.30      1.30   0.92     9.24   10.86 
FDN-C26-441                              No Significant Results    FDNS  Underground 
FDN-C26-442     57.60   59.35      1.75   1.69     7.72   48.42    FDNS  Underground 
Including       57.60   58.10      0.50   0.48    17.20   13.20 
FDN-C26-442     81.00   84.50      3.50   3.38     5.17    8.90 
Including       81.00   81.40      0.40   0.39     8.74   14.60 
Including       84.10   84.50      0.40   0.39    28.30   20.10 
FDN-C26-443     66.60   73.50      6.90   5.98   199.90   79.26    FDNS  Underground 
Including       66.60   68.40      1.80   1.56   762.84  278.14 
FDN-C26-443     94.40   97.15      2.75   2.38     8.60  117.00 
Including       95.90   97.15      1.25   1.08    18.03  251.70 
FDN-C26-444     24.80   28.40      3.60   3.26    16.74    4.18    FDNS  Underground 
FDN-C26-444     50.00   54.20      4.20   3.81     5.11    4.15 
FDN-C26-444     63.30   70.90      7.60   5.37    12.72    9.54 
Including       68.15   70.90      2.75   1.94    24.12   12.54 
FDN-C26-445     31.20   34.50      3.30   2.53     3.10    1.62    FDNS  Underground 
FDN-C26-445     53.70   55.70      2.00   1.81     4.46    1.65 
FDN-C26-445     66.40   70.00      3.60   3.12     5.78    2.51 
FDN-C26-446     33.90   36.90      3.00   2.12     5.19    2.22    FDNS  Underground 
Including       33.90   35.30      1.40   0.99    10.58    3.39 
FDN-C26-446     47.85   52.40      4.55   2.92     5.52    8.86 
Including       50.75   52.40      1.65   1.06     8.77   18.23 
FDN-C26-446     89.80   94.35      4.55   2.61     7.10    3.35 
Including       89.80   91.40      1.60   0.92    13.41    5.50 
FDN-C26-447     47.85   50.15      2.30   1.15    12.59   18.08    FDNS  Underground 
Including       47.85   48.70      0.85   0.43    32.40   13.70 
FDN-C26-447     82.65   84.65      2.00   1.00     5.83   24.63 
Including       83.55   84.10      0.55   0.28    13.80   29.20 
FDN-C26-448      0.45    3.30      2.85   2.18     3.23   29.18    FDNS  Underground 
FDN-C26-448     16.20   20.15      3.95   3.03     6.82   21.55 
Including       17.95   19.10      1.15   0.88    12.65   49.91 
FDN-C26-448     39.55   42.55      3.00   1.93     3.59    6.22 
Including       40.40   40.80      0.40   0.26    23.10   15.70 
FDN-C26-448     59.75   61.60      1.85   1.60     4.75    8.31 
Including       59.75   60.55      0.80   0.69    10.43   11.35 
FDN-C26-448     91.40   94.65      3.25   2.81     5.99   14.83 
Including       93.10   94.10      1.00   0.87    12.15   22.20 
FDN-C26-449                              No Significant Results    FDNS  Underground 
FDN-C26-450     50.20   53.15      2.95   1.90     3.85    3.48    FDNS  Underground 
Including       52.00   53.15      1.15   0.74     8.26    5.09 
FDN-C26-451                              No Significant Results    FDNS  Underground 
FDN-C26-452     38.70   62.00     23.30  20.18     6.29    3.60    FDNS  Underground 
Including       38.70   41.55      2.85   2.47    11.97    4.28 
Including       55.75   57.40      1.65   1.43    10.25    3.39 
FDN-C26-453     31.30   39.70      8.40   8.27    53.01    8.25    FDNS  Underground 
Including       37.85   39.70      1.85   1.82   220.08   29.34 
FDN-C26-453     46.55   53.70      7.15   7.04     7.82    4.39 
Including       47.00   48.50      1.50   1.48    16.26    8.52 
FDN-C26-453     68.45   73.10      4.65   4.58     3.69    2.19 
Including       68.45   69.15      0.70   0.69    16.50    2.90 
FDN-C26-453    117.00  120.40      3.40   3.35     3.42    1.80 
FDN-C26-454     32.10   33.70      1.60   1.55     5.28    1.69    FDNS  Underground 
FDN-C26-454     37.70   46.45      8.75   8.45     6.64    4.40 
Including       41.80   42.70      0.90   0.87    14.65    4.40 
Including       44.85   46.45      1.60   1.55    10.26    4.70 
FDN-C26-454     71.60   77.00      5.40   5.22     4.34    0.84 
Including       74.25   74.95      0.70   0.68    16.55    1.50 
FDN-C26-455     78.75   80.65      1.90   1.84     4.81    6.50    FDNS  Underground 
FDN-C26-455    101.25  105.95      4.70   4.54     8.20    5.20 
Including      101.25  101.65      0.40   0.39    78.80   31.80 
FDN-C26-456                              No Significant Results    FDNS  Underground 
FDN-C26-457      0.00    3.80      3.80   1.90     3.69    5.36    FDNS  Underground 
Including        0.00    1.00      1.00   0.50     7.93    5.20 
FDN-C26-457     30.40   32.05      1.65   0.83     6.97    3.94 
FDN-C26-458      0.00    3.00      3.00   1.93     3.96    4.20    FDNS  Underground 
FDN-C26-458     41.20   44.40      3.20   2.06    11.28   10.47 
Including       41.20   42.45      1.25   0.80    27.93   19.72 
FDN-C26-458    136.25  137.25      1.00   0.64    30.28   46.16 
FDN-C26-459     33.85   47.00     13.15  10.07    18.68   11.47    FDNS  Underground 
Including       36.40   41.65      5.25   4.02    44.01   21.64 
FDN-C26-459     61.85   65.20      3.35   2.57    12.02   14.19 
Including       61.85   62.85      1.00   0.77    38.20   16.80 
FDN-C26-459     90.00   92.80      2.80   2.14    12.34   44.61 
Including       90.70   91.30      0.60   0.46    53.40  134.00 
FDN-C26-459    109.40  110.55      1.15   0.88    71.00   51.76 
FDN-C26-459    137.40  145.25      6.80   5.21    90.91  216.67 
Including      141.20  143.65      2.45   1.88   214.40  411.47 
FDN-C26-460      9.40   12.60      3.20   3.19    13.77    3.53    FDNS  Underground 
Including       10.20   11.60      1.40   1.39    22.03    5.00 
FDN-C26-460     28.10   30.50      2.40   2.39     5.10    3.15 
Including       30.10   30.50      0.40   0.40    10.05   10.90 
FDN-C26-460     32.35   42.90     10.55  10.51     4.15    4.50 
Including       36.85   40.50      3.65   3.64     5.65    4.27 
FDN-C26-460    109.75  110.75      1.00   1.00     8.46    1.50 
FDN-C26-460    126.85  128.25      1.40   1.39     7.37    0.86 
FDN-C26-461      9.50   13.60      4.10   4.08    19.83    3.29    FDNS  Underground 
Including       12.20   13.60      1.40   1.39    48.92    7.41 
FDN-C26-461     29.30   49.50     20.20  20.12     4.91    4.65 
Including       37.70   39.70      2.00   1.99    11.67   12.11 
FDN-C26-461     70.50   72.55      2.05   2.04     9.14    4.38 
Including       71.20   71.70      0.50   0.50    23.50    7.20 
FDN-C26-461     93.80  100.00      6.20   6.18    10.08    2.46 
Including       98.30  100.00      1.70   1.69    23.44    4.05 
FDN-C26-462     32.35   33.75      1.40   1.07    10.41   12.35    FDNS  Underground 
FDN-C26-462     35.70   42.15      6.45   4.94     9.58   48.04 
Including       35.70   36.30      0.60   0.46    51.90   48.20 
Including       37.75   38.15      0.40   0.31    21.40   57.20 
Including       41.75   42.15      0.40   0.31    35.10  489.00 
FDN-C26-463      9.70   14.15      4.45   3.41     3.58   36.41    FDNS  Underground 
Including       11.05   11.55      0.50   0.38    12.05  174.00 
FDN-C26-463     16.35   20.10      3.75   3.07     4.43   27.29 
Including       17.80   18.60      0.80   0.66    10.50   11.60 
FDN-C26-463     49.35   55.25      5.90   3.79     5.21   37.69 
Including       51.80   53.45      1.65   1.06    10.91   94.92 
FDN-C26-463    147.50  150.70      3.20   2.45     6.06   89.98 
Including      148.50  150.00      1.50   1.15    11.96  177.66 
FDN-C26-464     29.10   30.85      1.75   1.64     5.19    6.14    FDNS  Underground 
FDN-C26-464     37.55   41.60      4.05   3.81     6.50    9.96 
Including       40.00   40.80      0.80   0.75    28.30   25.20 
FDN-C26-464     84.10   86.00      1.90   1.79     5.04    7.55 
FDN-C26-465     28.85   34.30      5.45   2.30    16.84   15.31    FDNS  Underground 
Including       28.85   30.90      2.05   0.87    35.38   22.23 
FDN-C26-465     38.20   42.95      4.75   2.38     5.11   17.61 
Including       38.20   39.20      1.00   0.50     9.70   47.30 
FDN-C26-465     57.05   65.30      8.25   5.30     8.40   27.85 
Including       62.05   64.35      2.30   1.48    19.01   34.38 
FDN-C26-466    101.95  105.10      3.15   2.41     8.46   38.44    FDNS  Underground 
Including      102.35  104.25      1.90   1.46    13.01   51.55 
FDN-C26-467     11.85   14.85      3.00   2.12     7.62   14.31    FDNS  Underground 
Including       12.85   13.25      0.40   0.28    26.70   43.50 
Including       14.35   14.85      0.50   0.35    17.35    5.20 
FDN-C26-467     99.50  113.00     13.50   9.55     5.32   32.60 
Including      102.10  102.50      0.40   0.28    18.10   37.20 
Including      104.55  105.05      0.50   0.35    16.15   15.50 
Including      108.50  109.00      0.50   0.35    55.10  253.00 
FDN-C26-468      9.20   13.00      3.80   2.44     4.02    8.04    FDNS  Underground 
Including       12.05   13.00      0.95   0.61    10.56   16.24 
FDN-C26-468     27.50   34.00      6.50   4.18     5.20   17.58 
Including       27.50   28.70      1.20   0.77    18.57   66.13 
FDN-C26-468     67.40   70.40      3.00   1.93     3.33   31.70 
FDN-C26-468     81.70   86.90      5.20   3.34     7.90    5.99 
Including       84.20   85.65      1.45   0.93    27.47   15.20 
FDN-C26-469      0.00    2.50      2.50   2.17     5.79    4.83    FDNS  Underground 
Including        0.00    0.40      0.40   0.35    28.20   13.80 
FDN-C26-469     15.20   25.10      9.90   8.57     7.63   17.35 
Including       19.50   21.30      1.80   1.56    23.58   37.39 
FDN-C26-469     48.90   51.90      3.00   2.60     4.96   13.38 
Including       48.90   49.30      0.40   0.35    14.75   21.40 
Including       50.35   50.80      0.45   0.39    12.05   17.60 
FDN-C26-470      5.10    8.05      2.95   2.95     5.84   16.63    FDNS  Underground 
FDN-C26-470     11.40   18.90      7.50   7.50    52.78   44.98 
Including       11.80   12.95      1.15   1.15   118.50  159.48 
Including       18.50   18.90      0.40   0.40   579.00  260.00 
FDN-C26-471     34.20   39.75      5.55   3.57     3.13    2.91    FDNS  Underground 
Including       34.20   35.75      1.55   1.00     6.46    2.56 
FDN-C26-471    126.05  129.90      3.85   2.95     5.88    2.03 
FDN-C26-472     38.40   41.40      3.00   2.46     3.34    5.07    FDNS  Underground 
FDN-C26-472     99.80  103.40      3.60   3.12     3.19    3.86 
FDN-C26-472    107.70  111.70      4.00   3.46     4.92    2.25 
FDN-C26-472    114.85  120.00      5.15   4.22    10.81    2.49 
Including      118.30  120.00      1.70   1.39    17.76    3.40 
FDN-C26-473                                     Pending Results    FDNS  Underground 
FDN-C26-474     36.10   42.70      6.60   6.20    12.47   10.87    FDNS  Underground 
Including       40.35   42.70      2.35   2.21    33.26   15.90 
FDN-C26-474     73.00   79.10      6.10   5.73    32.82   36.84 
Including       73.80   75.90      2.10   1.97    91.91   86.19 
FDN-C26-474     84.70   88.00      3.30   3.10     9.41   12.76 
Including       85.30   87.10      1.80   1.69    16.29   13.24 
FDN-C26-475     11.25   14.30      3.05   1.96     3.99    7.51    FDNS  Underground 
Including       11.80   12.45      0.65   0.42    15.60   11.60 
FDN-C26-475     26.15   31.90      5.75   4.40     6.48    7.40 
Including       26.15   27.90      1.75   1.34    11.55    7.83 
FDN-C26-475     50.80   54.40      3.60   3.12     7.63    7.27 
Including       52.50   53.55      1.05   0.91    16.80    8.40 
FDN-C26-476      8.75   11.15      2.40   1.20     3.64    5.70    FDNS  Underground 
Including       10.20   10.60      0.40   0.20    18.70    9.30 
FDN-C26-476     23.20   25.20      2.00   1.00     8.73   13.38 
Including       23.20   24.20      1.00   0.50    16.35   15.96 
FDN-C26-476    131.10  138.85      7.75   3.88     5.91  107.33 
Including      132.30  133.85      1.55   0.78     9.32  156.40 
FDN-C26-476    168.30  172.20      3.90   1.95     3.94   98.59 
FDN-C26-476    182.80  186.95      4.15   2.08    11.13   11.64 
Including      186.40  186.95      0.55   0.28    76.40   41.10 
FDN-C26-476    209.55  213.85      4.30   2.15     3.26  286.60 
FDN-C26-477                                     Pending Results    FDNS  Underground 
FDN-C26-478                                     Pending Results    FDNS  Underground 
FDN-C26-479                                     Pending Results    FDNS  Underground 
FDN-C26-481     12.25   13.45      1.20   0.85     7.26   17.03    FDNS  Underground 
Including       12.65   13.05      0.40   0.28    18.65   31.60 
FDN-C26-481     89.75   92.80      3.05   2.16     7.40    6.12 
Including       90.20   91.80      1.60   1.13    13.60    8.72 
FDN-C26-481    161.35  165.85      4.50   2.89   196.79  394.50 
Including      164.95  165.85      0.90   0.58   929.00  727.00 
FDN-C26-482                                     Pending Results    FDNS  Underground 
FDN-C26-483                                     Pending Results    FDNS  Underground 
FDN-C26-485                                     Pending Results    FDNS  Underground 
FDN-C26-486                                     Pending Results    FDNS  Underground 
FDN-C26-487                                     Pending Results    FDNS  Underground 
FDN-C26-488                                     Pending Results    FDNS  Underground 
FDN-C26-489                                     Pending Results    FDNS  Underground 
FDN-C26-490                                     Pending Results    FDNS  Underground 
FDN-C26-491                                     Pending Results    FDNS  Underground 
FDN-C26-492                                     Pending Results    FDNS  Underground 
FDN-C26-494                                     Pending Results    FDNS  Underground 
FDN-C26-495                                     Pending Results    FDNS  Underground 
FDN-C26-496                                     Pending Results    FDNS  Underground 
FDN-C26-497                                     Pending Results    FDNS  Underground 
UGE-S-26-477    73.60   75.20      1.60   1.13     5.52   16.55    FDNS  Underground 
UGE-S-26-477   106.70  109.05      2.35   1.66    15.72   35.23 
UGE-S-26-478    39.60   42.35      2.75   1.94    12.42   43.78    FDNS  Underground 
Including       41.50   42.35      0.85   0.60    17.07   74.74 
UGE-S-26-478    59.55   61.55      2.00   1.41    10.01   13.98 
Including       60.35   60.95      0.60   0.42    17.15   21.80 
UGE-S-26-478    71.35   74.40      3.05   2.34     4.25   14.36 
Including       71.35   72.15      0.80   0.61    11.90   20.05 
UGE-S-26-478   102.20  106.60      4.40   3.11     9.05   13.30 
Including      102.65  105.05      2.40   1.70    15.26   19.77 
UGE-S-26-478   112.25  117.40      5.15   3.64     8.42   15.53 
Including      115.20  117.40      2.20   1.56    14.99   31.63 
UGE-S-26-478   134.00  136.70      2.70   2.07     7.22   20.97 
UGE-S-26-478   170.05  173.30      3.25   2.30     6.68    7.77 
Including      170.05  171.45      1.40   0.99    13.77   11.03 
UGE-S-26-478   177.80  189.55     11.75   8.31   108.61   30.79 
Including      184.85  185.25      0.40   0.28  2030.00  510.00 
UGE-S-26-489     0.00    7.40      7.40   7.29    12.62    7.58    FDNS  Underground 
Including        0.00    2.95      2.95   2.91    23.93   13.47 
UGE-S-26-489    25.80   27.60      1.80   1.38     5.03    2.61 
Including       25.80   26.45      0.65   0.50    10.65    4.00 
UGE-S-26-489    32.90   35.40      2.50   2.41    12.61    3.47 
Including       32.90   34.10      1.20   1.16    25.50    6.20 
UGE-S-26-489    42.00   43.00      1.00   0.87    16.73   10.06 
UGE-S-26-490     0.00    5.85      5.85   5.50     8.81    5.39    FDNS  Underground 
Including        2.45    3.90      1.45   1.36    19.78    7.08 
UGE-S-26-491   177.55  182.60      5.05   4.97     6.08   11.89    FDNS  Underground 
Including      179.10  180.85      1.75   1.72    11.61   16.29 
UGE-S-26-491   194.10  197.35      3.25   3.20     4.58    9.56 
Including      196.70  197.35      0.65   0.64    11.95   14.00 
UGE-S-26-491   199.70  201.85      2.15   2.12     4.17   15.86 
UGE-S-26-493     0.00    2.75      2.75   1.38     5.84    7.06    FDNS  Underground 
UGE-S-26-493    72.15   73.05      0.90   0.45    10.80   12.79 
UGE-S-26-494     0.00    3.10      3.10   1.31     5.41    5.92    FDNS  Underground 
UGE-S-26-494    29.65   31.40      1.75   0.74     4.55    3.41 
UGE-S-26-494    63.20   66.15      2.95   1.25     5.94    8.19 
Including       63.20   63.85      0.65   0.27    20.90   17.90 
UGE-S-26-496     8.60   11.95      3.35   1.68     3.42    3.84    FDNS  Underground 
Including        8.60    9.45      0.85   0.43     6.01    5.00 
UGE-S-26-496    38.30   39.95      1.65   0.83     6.87   34.91 
Including       38.30   38.70      0.40   0.20    21.00   19.40 
UGE-S-26-497    14.05   18.45      4.40   3.11    17.14   90.43    FDNS  Underground 
Including       16.25   18.00      1.75   1.24    38.54  209.14 
UGE-S-26-497    37.50   43.30      5.80   4.10    67.19   46.93 
Including       40.05   40.45      0.40   0.28   552.00  170.00 
Including       42.25   43.30      1.05   0.74   148.50  156.00 
UGE-S-26-497    53.20   56.40      3.20   2.26     9.56   42.10 
UGE-S-26-497    62.50   66.60      4.10   2.90    47.73   26.39 
Including       63.65   64.05      0.40   0.28   474.00  182.00 
UGE-S-26-505    14.50   20.70      6.20   3.56     7.02    7.53    FDNS  Underground 
Including       18.05   20.70      2.65   1.52    13.25    8.94 
UGE-S-26-505    26.15   30.50      3.35   1.92     5.12    2.56 
Including       29.70   30.10      0.40   0.23    21.20    7.10 
UGE-S-26-505    56.95   62.30      5.35   3.07    19.33   47.16 
Including       60.30   62.30      2.00   1.15    49.44   97.28 
UGE-S-26-505   112.30  115.50      3.20   1.60     8.08   35.41 
Including      113.00  114.30      1.30   0.65    17.91   58.96 
UGE-S-26-505   308.30  311.60      3.30   1.65     3.48  150.28 
Including      309.00  310.30      1.30   0.65     7.10  305.16 
UGE-S-26-505   319.30  322.45      3.15   1.58     3.06  105.15 
Including      320.10  320.70      0.60   0.30     9.14  213.00 
UGE-S-26-506    18.45   20.10      1.65   0.56     5.09    6.64    FDNS  Underground 
UGE-S-26-506    92.95   93.90      0.95   0.32     9.74   62.16 
UGE-S-26-509     0.00    5.10      5.10   2.55     5.40    4.64    FDNS  Underground 
Including        0.00    1.70      1.70   0.85    11.54    7.09 
UGE-S-26-509    34.25   38.00      3.75   1.88     3.65    6.02 
Including       34.25   36.00      1.75   0.88     6.99    6.19 
UGE-S-26-512    70.40   73.25      2.85   2.02    11.50   36.64    FDNS  Underground 
Including       72.15   73.25      1.10   0.78    22.05   60.48 
UGE-S-26-517                             No Significant Results    FDNS  Underground 
UGE-S-26-518    54.90   57.90      3.00   1.72     3.61    1.33    FDNS  Underground 
Including       57.40   57.90      0.50   0.29    15.60    1.70 
UGE-S-26-518    67.20   70.90      3.70   2.12     5.03    3.42 
UGE-S-26-518    89.90   91.80      1.90   1.09     4.41    5.19 
Including       90.45   91.10      0.65   0.37    11.85   12.20 
UGE-S-26-525   Pending Results                                   FDNS    Underground 
UGE-S-26-527   Pending Results                                   FDNS    Underground 
UGE-S-26-531   Pending Results                                   FDNS    Underground 
UGE-S-26-532   Pending Results                                   FDNS    Underground 
UGE-S-26-533   Pending Results                                   FDNS    Underground 
UGE-S-26-534   Pending Results                                   FDNS    Underground 
UGE-S-26-536   Pending Results                                   FDNS    Underground 
UGE-S-26-537   Pending Results                                   FDNS    Underground 
UGE-S-26-538   Pending Results                                   FDNS    Underground 
 

Table 2: Drillhole assay results from FDN East drilling program reported for thickness versus grade intervals above 8.37 (m x g/t Au >8.37). Drill hole intercepts are reported in drill core lengths and true widths

 
Hole ID            From    To (m)  Interval  True   Au      Ag      Target  Zone 
                   (m)             (m)       width  (g/t)   (g/t) 
                                             (m) 
FDNE-2026-466      No Significant Results                           FDN     Surface 
                                                                    East 
                                                                       FDN 
FDNE-2026-466-D1   420.40  423.10      2.70      -    7.23    5.40    East      Surface 
Including          420.40  421.70      1.30      -   12.40    8.96 
                                                                       FDN 
FDNE-2026-466-D2   300.05  304.70      4.65   4.37    4.38   61.06    East      Surface 
Including          303.90  304.70      0.80   0.75    8.67  278.00 
FDNE-2026-466-D2   429.05  435.30      6.25   5.66   23.16   13.89 
Including          432.30  435.30      3.00   2.72   39.01   23.74 
                                                                       FDN 
UGE-E-26-470        97.80  110.20     12.40      -    9.11   10.59    East  Underground 
Including           98.40  107.15      8.75      -   12.10   13.20 
UGE-E-26-470       372.10  373.10      1.00      -   12.60    7.20 
                                                                       FDN 
UGE-E-26-487       263.65  267.90      4.25   4.11    5.00    5.92    East  Underground 
Including          263.65  264.25      0.60   0.58   29.10   26.50 
UGE-E-26-487       280.75  284.70      3.95   3.82  236.62  144.57 
Including          282.00  283.00      1.00   0.97  933.00  566.25 
UGE-E-26-499                                No Significant Results     FDN  Underground 
                                                                      East 
UGE-E-26-503                                No Significant Results     FDN  Underground 
                                                                      East 
                                                                       FDN 
UGE-E-26-511       161.60  164.20      2.60   2.44    4.07    3.72    East  Underground 
Including          161.60  162.80      1.20   1.13    8.67    3.73 
UGE-E-26-514                                No Significant Results     FDN  Underground 
                                                                      East 
                                                                       FDN 
UGE-E-26-515       279.00  281.90      2.90   2.89    3.24    2.38    East  Underground 
                                                                       FDN 
UGE-E-26-519        29.25   34.75      5.50   5.31    6.08   73.20    East  Underground 
Including           29.25   30.30      1.05   1.01   20.60  287.00 
 

Table 3: Drillhole assay results from FDN drilling program reported for thickness versus grade intervals above 8.37 (m x g/t Au >8.37). Drill hole intercepts are reported in drill core lengths and true widths

 
Hole ID      From    To (m)  Interval  True   Au     Ag     Target       Zone 
             (m)             (m)       width  (g/t)  (g/t) 
                                       (m) 
UGE-26-462   No Significant Results                         FDN          Underground 
                                                            Exploration 
                                                                    FDN 
UGE-26-471    57.00   62.20      5.20      -   6.30   6.56  Exploration  Underground 
Including     58.80   61.10      2.30      -  10.95   7.04 
UGE-26-471   126.35  132.15      5.80      -   4.73   3.51 
Including    131.15  132.15      1.00      -   7.40   2.50 
                                                                    FDN 
UGE-26-474    40.50   45.95      5.45      -   7.44  13.76  Exploration  Underground 
Including     42.75   45.45      2.70      -  11.46  11.71 
UGE-26-474    66.70   74.20      7.50      -   6.26  21.00 
Including     68.65   70.20      1.55      -  11.14  22.48 
                                                                    FDN 
UGE-26-520    50.90   71.80     20.90      -   9.32  10.01  Exploration  Underground 
Including     62.10   68.60      6.50      -  18.85  10.48 
                                                                    FDN 
UGE-26-523    45.60   53.65      8.05      -  15.05  20.20  Exploration  Underground 
Including     45.60   46.40      0.80      -  61.50  56.20 
Including     51.20   53.65      2.45      -  25.35  24.25 
UGE-26-523    59.55   65.10      5.55      -   8.02   5.83 
UGE-26-528   Pending Results                                FDN          Underground 
                                                            Exploration 
 

Table 4: FDNS, FDN and FDN East Collar Drill Holes

 
Hole ID            Prospect   Easting  Northing  Elevation  Azimuth  Dip  EOH     Zone         Year 
                                                                          (m) 
FDN-C26-393        FDNS        778218   9582536       1085       45  -56  125.00  Underground  2026 
FDN-C26-394        FDNS        778157   9582333       1090      156  -20  150.00  Underground  2026 
FDN-C26-396        FDNS        778147   9582594       1251      157  -24  110.00  Underground  2026 
FDN-C26-399        FDNS        778157   9582333       1090      152  -34  126.60  Underground  2026 
FDN-C26-400        FDNS        778157   9582334       1090      138  -44  105.00  Underground  2026 
FDN-C26-402        FDNS        778169   9582486       1087      292  -44   80.20  Underground  2026 
FDN-C26-403        FDNS        778148   9582595       1251      152  -67  110.00  Underground  2026 
FDN-C26-404        FDNS        778148   9582594       1253      148   18  160.00  Underground  2026 
FDN-C26-405        FDNS        778218   9582536       1085       45  -64  145.00  Underground  2026 
FDN-C26-406        FDNS        778219   9582536       1086       68  -12   90.20  Underground  2026 
FDN-C26-407        FDNS        778174   9582486       1087      298  -16   75.00  Underground  2026 
FDN-C26-408        FDNS        778169   9582486       1087      281  -52  120.00  Underground  2026 
FDN-C26-409        FDNS        778169   9582485       1087      268  -36  110.00  Underground  2026 
FDN-C26-410        FDNS        778169   9582485       1087      259  -40  139.20  Underground  2026 
FDN-C26-411        FDNS        778148   9582594       1252      139  -10  176.30  Underground  2026 
FDN-C26-412        FDNS        778149   9582595       1251      128  -51   88.10  Underground  2026 
FDN-C26-413        FDNS        778228   9582662       1083      153  -54  136.30  Underground  2026 
FDN-C26-414        FDNS        778218   9582536       1085       75  -68  135.00  Underground  2026 
FDN-C26-415        FDNS        778219   9582535       1085       91  -53   90.00  Underground  2026 
FDN-C26-416        FDNS        778169   9582484       1087      252  -29  100.00  Underground  2026 
FDN-C26-417        FDNS        778168   9582484       1087      244  -34  115.50  Underground  2026 
FDN-C26-418        FDNS        778150   9582594       1252      124    6   75.00  Underground  2026 
FDN-C26-419        FDNS        778150   9582594       1252      128  -15   70.00  Underground  2026 
FDN-C26-420        FDNS        778149   9582595       1251      108  -73  113.50  Underground  2026 
FDN-C26-421        FDNS        778218   9582535       1085      106  -70  135.00  Underground  2026 
FDN-C26-422        FDNS        778218   9582535       1085      105  -62  133.70  Underground  2026 
FDN-C26-423        FDNS        778150   9582596       1252      105   -9   65.00  Underground  2026 
FDN-C26-424        FDNS        778150   9582596       1251       96  -36   70.00  Underground  2026 
FDN-C26-425        FDNS        778169   9582484       1088      240   -7   80.00  Underground  2026 
FDN-C26-426        FDNS        778175   9582552       1085      308  -32  115.00  Underground  2026 
FDN-C26-427        FDNS        778175   9582551       1086      297  -22   95.00  Underground  2026 
FDN-C26-428        FDNS        778174   9582549       1086      251   -3   90.00  Underground  2026 
FDN-C26-429        FDNS        778218   9582534       1086      112  -40  105.00  Underground  2026 
FDN-C26-430        FDNS        778218   9582533       1085      134  -50  100.00  Underground  2026 
FDN-C26-431        FDNS        778145   9582657       1249      230  -52   45.00  Underground  2026 
FDN-C26-432        FDNS        778219   9582534       1086      108  -22   95.00  Underground  2026 
FDN-C26-433        FDNS        778219   9582535       1087       98   13   60.00  Underground  2026 
FDN-C26-434        FDNS        778219   9582536       1088       56   19   35.00  Underground  2026 
FDN-C26-435        FDNS        778219   9582536       1086       83  -39   75.00  Underground  2026 
FDN-C26-436        FDNS        778218   9582534       1085      123  -66  130.00  Underground  2026 
FDN-C26-437        FDNS        778173   9582258       1092      278   -5  135.00  Underground  2026 
FDN-C26-438        FDNS        778173   9582259       1092      302  -29  115.00  Underground  2026 
FDN-C26-439        FDNS        778173   9582260       1091      315  -37  170.00  Underground  2026 
FDN-C26-440        FDNS        778148   9582706       1248      165  -46  150.00  Underground  2026 
FDN-C26-441        FDNS        778148   9582707       1248      155  -56  150.00  Underground  2026 
FDN-C26-442        FDNS        778218   9582533       1086      132  -15  110.00  Underground  2026 
FDN-C26-443        FDNS        778218   9582533       1086      138  -31  124.50  Underground  2026 
FDN-C26-444        FDNS        778173   9582259       1092      299  -35  110.00  Underground  2026 
FDN-C26-445        FDNS        778173   9582258       1092      287  -26  115.00  Underground  2026 
FDN-C26-446        FDNS        778173   9582258       1092      279  -37  110.00  Underground  2026 
FDN-C26-447        FDNS        778214   9582533       1085      151  -60  184.10  Underground  2026 
FDN-C26-448        FDNS        778210   9582537       1089      320   48  100.00  Underground  2026 
FDN-C26-449        FDNS        778149   9582707       1248      151  -47  135.00  Underground  2026 
FDN-C26-450        FDNS        778149   9582708       1248      141  -66  150.00  Underground  2026 
FDN-C26-451        FDNS        778149   9582708       1248      137  -58  130.00  Underground  2026 
FDN-C26-452        FDNS        778173   9582257       1092      265  -30   93.40  Underground  2026 
FDN-C26-453        FDNS        778173   9582257       1092      262   -8  125.00  Underground  2026 
FDN-C26-454        FDNS        778173   9582257       1092      265  -30   80.00  Underground  2026 
FDN-C26-455        FDNS        778199   9582235       1092      113   -8  114.00  Underground  2026 
FDN-C26-456        FDNS        778199   9582235       1091      114  -27  100.00  Underground  2026 
FDN-C26-457        FDNS        778158   9582336       1090       58  -61  145.00  Underground  2026 
FDN-C26-458        FDNS        778158   9582337       1090       47  -49  140.00  Underground  2026 
FDN-C26-459        FDNS        778158   9582338       1089       41  -42  184.00  Underground  2026 
FDN-C26-460        FDNS        778173   9582257       1092      256   -3  150.00  Underground  2026 
FDN-C26-461        FDNS        778173   9582258       1093      266    2  135.00  Underground  2026 
FDN-C26-462        FDNS        778221   9582434       1091       60   39   70.00  Underground  2026 
FDN-C26-463        FDNS        778221   9582434       1087       60  -52  170.00  Underground  2026 
FDN-C26-464        FDNS        778179   9582488       1087      330  -22   91.00  Underground  2026 
FDN-C26-465        FDNS        778179   9582488       1086      315  -42  157.00  Underground  2026 
FDN-C26-466        FDNS        778198   9582234       1091      139  -39  154.30  Underground  2026 
FDN-C26-467        FDNS        778198   9582234       1091      148  -46  145.00  Underground  2026 
FDN-C26-468        FDNS        778198   9582235       1091      121  -60  150.00  Underground  2026 
FDN-C26-469        FDNS        778178   9582488       1086      307  -31   80.00  Underground  2026 
FDN-C26-470        FDNS        778179   9582487       1087      331    0   55.20  Underground  2026 
FDN-C26-471        FDNS        778152   9582347       1090      291  -33  148.40  Underground  2026 
FDN-C26-472        FDNS        778152   9582347       1090      286  -27  135.00  Underground  2026 
FDN-C26-473        FDNS        778152   9582347       1090      276  -28  130.00  Underground  2026 
FDN-C26-474        FDNS        778179   9582487       1089      352   28  100.10  Underground  2026 
FDN-C26-475        FDNS        778179   9582487       1089      337   43   55.30  Underground  2026 
FDN-C26-476        FDNS        778221   9582431       1087       61  -62  225.70  Underground  2026 
FDN-C26-477        FDNS        778221   9582431       1087       68  -65  240.00  Underground  2026 
FDN-C26-478        FDNS        778175   9582482       1087      111  -15   65.00  Underground  2026 
FDN-C26-479        FDNS        778175   9582483       1089      112   27   85.00  Underground  2026 
FDN-C26-481        FDNS        778197   9582235       1091      144  -56  210.00  Underground  2026 
FDN-C26-482        FDNS        778153   9582347       1090      270  -18   80.00  Underground  2026 
FDN-C26-483        FDNS        778153   9582347       1090      263  -31  140.00  Underground  2026 
FDN-C26-485        FDNS        778221   9582430       1087       71  -70  221.50  Underground  2026 
FDN-C26-486        FDNS        778163   9582660       1250      310  -25   65.00  Underground  2026 
FDN-C26-487        FDNS        778168   9583294       1270       89  -12  227.00  Underground  2026 
FDN-C26-488        FDNS        778236   9582217       1188      318   28  122.10  Underground  2026 
FDN-C26-489        FDNS        778236   9582217       1187      332   23  165.00  Underground  2026 
FDN-C26-490        FDNS        778288   9582326       1185      147   11   75.00  Underground  2026 
FDN-C26-491        FDNS        778289   9582331       1185       69    7   52.60  Underground  2026 
FDN-C26-492        FDNS        778265   9582326       1187      121   46  145.20  Underground  2026 
FDN-C26-494        FDNS        778243   9582215       1186       93  -23  150.00  Underground  2026 
FDN-C26-495        FDNS        778222   9582140       1194       57   22  185.00  Underground  2026 
FDN-C26-496        FDNS        778168   9583293       1270      103   -8  250.40  Underground  2026 
FDN-C26-497        FDNS        778186   9582165       1193       66   16  175.00  Underground  2026 
UGE-S-26-477       FDNS        778225   9582665       1083      253  -44  171.60  Underground  2026 
UGE-S-26-478       FDNS        778225   9582665       1083      287  -44  190.00  Underground  2026 
UGE-S-26-489       FDNS        778155   9582333       1090      173  -35  196.00  Underground  2026 
UGE-S-26-490       FDNS        778156   9582334       1090      165  -49  155.00  Underground  2026 
UGE-S-26-491       FDNS        778147   9582594       1252      158    8  270.90  Underground  2026 
UGE-S-26-493       FDNS        778158   9582335       1090       84  -62  320.00  Underground  2026 
UGE-S-26-494       FDNS        778158   9582336       1089       66  -66  369.00  Underground  2026 
UGE-S-26-496       FDNS        778169   9582485       1086      270  -62  205.00  Underground  2026 
UGE-S-26-497       FDNS        778170   9582487       1086      325  -48  194.00  Underground  2026 
UGE-S-26-505       FDNS        778172   9582485       1086      122  -69  329.80  Underground  2026 
UGE-S-26-506       FDNS        778172   9582485       1086       84  -70  282.30  Underground  2026 
UGE-S-26-509       FDNS        778158   9582337       1089       40  -68  220.00  Underground  2026 
UGE-S-26-512       FDNS        778172   9582486       1086       48  -55  220.00  Underground  2026 
UGE-S-26-517       FDNS        778173   9582258       1091      277  -62  172.50  Underground  2026 
UGE-S-26-518       FDNS        778174   9582260       1091      325  -57  290.00  Underground  2026 
UGE-S-26-525       FDNS        778177   9582256       1091      110  -67  264.80  Underground  2026 
UGE-S-26-527       FDNS        778208   9582061       1205      113    2  178.10  Underground  2026 
UGE-S-26-531       FDNS        778198   9582235       1091      119  -67  237.00  Underground  2026 
UGE-S-26-532       FDNS        778196   9582234       1091      170  -55  250.00  Underground  2026 
UGE-S-26-533       FDNS        778176   9582487       1086       44  -49  250.00  Underground  2026 
UGE-S-26-534       FDNS        778176   9582486       1086       70  -62  192.10  Underground  2026 
UGE-S-26-536       FDNS        778176   9582256       1091      133  -66  230.00  Underground  2026 
UGE-S-26-537       FDNS        778207   9582062       1203      100  -60  355.00  Underground  2026 
UGE-S-26-538       FDNS        778176   9582255       1091      143  -58   31.10  Underground  2026 
                   FDN - 
FDNE-2026-466       East       778219   9583030       1463       90  -45  119.40      Surface  2026 
                   FDN - 
FDNE-2026-466-D1    East       778219   9583030       1463       90  -45  718.70      Surface  2026 
                   FDN - 
FDNE-2026-466-D2    East       778219   9583030       1463       90  -45  896.40      Surface  2026 
                   FDN - 
UGE-E-26-470        East       777959   9583482       1194       79   15  580.00  Underground  2026 
                   FDN - 
UGE-E-26-487        East       778172   9582956       1272       72   18  452.85  Underground  2026 
                   FDN - 
UGE-E-26-499        East       778171   9582954       1272      107   14  415.00  Underground  2026 
                   FDN - 
UGE-E-26-503        East       778120   9583090       1050       97   -1  370.00  Underground  2026 
                   FDN - 
UGE-E-26-511        East       778171   9582954       1270      111  -22  322.70  Underground  2026 
                   FDN - 
UGE-E-26-514        East       778120   9583090       1050      106   -4  385.00  Underground  2026 
                   FDN - 
UGE-E-26-515        East       778164   9583420       1198      113   -3  380.00  Underground  2026 
                   FDN - 
UGE-E-26-519        East       778120   9583090       1051       90    8  440.00  Underground  2026 
UGE-26-462         FDN         778124   9582606       1252      236  -16  130.00  Underground  2026 
UGE-26-471         FDN         778125   9582787       1249      273   -2  146.00  Underground  2026 
UGE-26-474         FDN         778125   9582785       1249      247    1  150.00  Underground  2026 
UGE-26-520         FDN         778125   9582786       1249      265    5  120.00  Underground  2026 
UGE-26-523         FDN         778126   9582706       1250      285    2  139.90  Underground  2026 
UGE-26-528         FDN         778124   9582608       1252      293   -2  130.00  Underground  2026 
 

SOURCE Lundin Gold Inc.

/CONTACT:

Copyright CNW Group 2026 
 

(END) Dow Jones Newswires

VANCOUVER, BC, July 27, 2026 /CNW/ -- Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") is pleased to report strong results from its ongoing conversion and near--mine exploration drilling programs at the Fruta del Norte ("FDN") gold mine in southeast Ecuador. PDF Version

The drilling programs continue to deliver positive results at FDN, FDN South ("FDNS"), and FDN East. With four gold-silver epithermal deposits identified to date, the Company has a significant pipeline to continue growing Mineral Resources and Mineral Reserves.

Highlights

   -- FDNS exploration: High-grade intercepts at depth continue to extend 
      mineralization beyond the current Mineral Resource envelope, highlighting 
      the potential for further resource growth. 
 
   -- FDNS conversion: Conversion drilling demonstrates continuity and grade in 
      support of potential resource and reserve growth. 
 
   -- FDNS development: Development is advancing through the deposit, with 
      development crosscuts successfully intersecting modelled mineralization 
      and providing initial development ore. 
 
   -- FDN East: The highest-grade interval ever recorded at FDN East, together 
      with continued success expanding high-grade mineralization to the east, 
      reinforces confidence in the deposit's growth and conversion potential. 
      Underground development toward FDN East is underway to accelerate 
      drilling and support potential future production. 
 
   -- FDN: Results extend the upper portion of the main FDN mineralized 
      envelope close to existing underground infrastructure, highlighting 
      additional near-mine resource growth opportunities. 

Jamie Beck, President and CEO, commented, "Our conversion and exploration programs continue to deliver exceptional results across our known epithermal gold deposits. Recent drilling results support the potential to expand these deposits and grow Mineral Reserves and Mineral Resources while also highlighting the consistently high-grade nature of the mineralized system at Fruta del Norte.

At FDNS, drilling continues to intercept exceptional grades over mineable widths, including several high-grade intercepts beyond the current Mineral Resource envelope. These results reinforce our confidence that FDNS will continue to grow as we advance the deposit toward future production. Development to the south has successfully intersected mineralized veins building confidence in the geological model.

At FDN East, the highest-grade interval ever recorded at the deposit, combined with expanding mineralization to the east, further increases our confidence in the deposit's growth and conversion potential. As a result, we have commenced underground development toward FDN East from FDN. Similar to the approach successfully implemented at FDNS, this development is expected to provide improved access for exploration and conversion drilling while also establishing the initial infrastructure required to support potential future production.

Together, the advancement of FDNS, the growth of FDN East and ongoing success at FDN demonstrate the strength of our known epithermal exploration pipeline and provide multiple opportunities to create long-term value from the broader Fruta del Norte mineralized system."

Conversion Drilling Program Highlights (not true widths)

FDNS

   -- Drill hole FDN-C26-443 intersected 199.90 grams per tonne ("g/t") of gold 
      ("Au") over 6.90m from 66.60m, including: 
 
   -- 762.84 g/t Au over 1.80m 
 
   -- Drill hole FDN-C26-481 intersected 196.79 g/t Au over 4.50m from 161.35m, 
      including: 
 
   -- 929.00 g/t Au over 0.90m 
 
   -- Drill hole FDN-C26-459 intersected 90.91 g/t Au over 6.80m from 137.40m, 
      including: 
 
   -- 214.40 g/t Au over 2.45m 
 
   -- Drill hole FDN-C26-453 intersected 53.01 g/t Au over 8.40m from 31.30m, 
      including: 
 
   -- 220.08 g/t Au over 1.85m 

Exploration Drilling Program Highlights (not true widths)

FDNS

   -- Drill hole UGE-S-26-478 intersected 108.61 g/t Au over 11.75m from 
      177.80m, including: 
 
          -- 2,030.00 g/t Au over 0.40m 
 
   -- Drill hole UGE-S-26-497 intersected 67.19 g/t Au over 5.80m from 37.50m, 
      including: 
 
          -- 552.00 g/t Au over 0.40m 
 
   -- Drill hole UGE-S-26-505 intersected 19.33 g/t Au over 5.35 from 56.95m, 
      including: 
 
          -- 49.44 g/t Au over 2.00m 

FDN East

   -- Drill hole UGE--E-26-487 intersected 236.62 g/t Au over 3.95 m from 
      280.75m including: 
 
   -- 933.00 g/t Au over 1.00m 
 
   -- Drill hole FDNE-2026-466-D2 intersected 23.16 g/t Au over 6.25m from 
      429.05m, including: 
 
   -- 39.01 g/t Au over 3.00m 

FDN

   -- Drill hole UGE-26-520 intersected 9.32 g/t Au over 20.90 m from 50.90m 
      including: 
 
   -- 18.85 g/t Au over 6.50m 
 
   -- Drill hole UGE-26-523 intersected 15.05 g/t Au over 8.05m from 45.60m, 
      including: 
 
   -- 25.35 g/t Au over 2.45m 

FDNS

Underground drilling programs continue to advance at FDNS, located directly south of the FDN deposit. In 2026, the Company declared an inaugural Mineral Reserve of 0.54 Moz (2.50 Mt at 6.66 g/t Au) approximately 18 months after the deposit's discovery.

Following the declaration of the inaugural Mineral Reserve, the Company commenced underground development from the South Portal toward FDNS, taking the first round in April. Approximately 116 metres of development has been completed from the South Portal and 252 metres from existing access points on the 1170 level. Development crosscuts from these levels have successfully intersected mineralized veins, building confidence in the geologic model.

The current conversion drilling program aims to upgrade Inferred Resources to the Indicated category and support further Mineral Reserve additions. Since January, approximately 12,678 metres of drilling has been completed across 110 holes and outstanding intercepts continue to be recorded along the entire extension of the FDNS deposit (Figure 2). Notably, holes FDN-C26-443, FDN--C25--459, and FDN--C26--481 have defined distinct higher-grade mineralized zones, providing areas for further drilling.

The exploration drilling program continues to successfully intercept the continuity of the FDNS deposit beyond the current Mineral Resource. Holes UGE-S-26-478, UGE-S-26-497, and UGE-S-26-505 returned high-grade mineralized intercepts at depth, highlighting areas for further expansion (Figure 3). Results received to date are summarized in Table 1. Five underground rigs are currently operating at FDNS.

FDN EAST

FDN East is a buried epithermal system composed of multiple subparallel north--south trending veins located less than 100 metres from the main FDN mine infrastructure. FDN East has initially been defined over a 500--metre strike length, and the Company published an inaugural Mineral Resource estimate in 2026 of 0.42 Moz Au (2.17 Mt at 6.01 g/t Au).

The FDN East deposit remains open in all directions and drilling has successfully expanded the mineralized footprint along strike to the north and to the south as well as toward the east. In the central portion of the deposit, hole UGE-E-26-487 returned the highest--grade intercept ever recorded at FDN East, highlighting the potential for the area to host high-grade mineralized zones (Figure 4). Surface hole FDNE-2026-466-D2 confirmed the continuity of the recently discovered high-grade veins in the eastern portion of the deposit and suggests further exploration potential to the east of the known limits of mineralization. Currently, two underground rigs and one surface rig are operating at FDN East. Results received to date are presented in Table 2.

The Company has commenced underground development from FDN toward FDN East, which will provide improved angles and shorter hole lengths for conversion drilling, better access to test exploration extensions of the FDN East deposit and support potential future production (Figure 4).

FDN

At FDN, underground exploration drilling results confirm the upper extension of the deposit along the contact with the Suarez Conglomerate, close to existing underground infrastructure. Drillholes UGE--26--520 and UGE--26--523 both intercepted continuous mineralization on levels readily accessible from current mine development (Figure 5). Results received to date are summarized in Table 3.

Figure 1: Map showing FDN mineral footprint with the FDN, FDNS, FDN East, and Bonza Sur deposits

Figure 2: Long section showing FDN, FDNS, and FDN East deposits with selected FDNS conversion drilling results

Figure 3: Long section showing FDN and FDNS deposits with selected FDNS Exploration drilling results

Figure 4: Map showing FDN, FDNS, and FDN East deposits with selected FDN East exploration drilling results

Figure 5: Long Section showing FDN, FDNS, and FDN East deposits with selected exploration drilling results along the FDN upper extension

Qualified Persons and Technical Notes

The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru. The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples. The remaining half core is retained for verification and reference purposes. For further information on the assay, QA-QC, and data verification procedures, please see Lundin Gold's most recent Annual Information Form.

About Lundin Gold

Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world.

The Company's board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. Furthermore, Lundin Gold is focused on continued exploration on its extensive and highly prospective land package to identify and develop new resource opportunities to ensure long-term sustainability and growth for the Company and its stakeholders.

Additional Information

The information in this release is subject to the disclosure requirements of Lundin Gold under the EU Market Abuse Regulation. This information was publicly communicated on July 27, 2026 at 2:00 p.m. Pacific Time through the contact persons set out below.

Caution Regarding Forward-Looking Information and Statements

Certain of the information and statements in this press release are considered "forward-looking information" or "forward-looking statements" as those terms are defined under Canadian securities laws (collectively referred to as "forward-looking statements"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. By their nature, forward-looking statements and information involve assumptions, inherent risks, and uncertainties, many of which are difficult to predict, and are usually beyond the control of management, that could cause actual results to be materially different from those expressed by these forward-looking statements and information. Lundin Gold believes that the expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct. Forward-looking information should not be unduly relied upon. This information speaks only as of the date of this press release, and the Company will not necessarily update this information, unless required to do so by securities laws.

This press release contains forward-looking information in a number of places, such as in statements relating to the Company's exploration plans, activities and results and its plans to update its estimates of Mineral Reserves and Resources. There can be no assurance that such statements will prove to be accurate, as Lundin Gold's actual results and future events could differ materially from those anticipated in this forward-looking information as a result of the factors discussed in the "Risk Factors" section in Lundin Gold's Annual Information Form dated March 20, 2026 available under the Company's profile at www.sedarplus.ca.

Lundin Gold's actual results could differ materially from those anticipated. Factors that could cause actual results to differ materially from any forward-looking statement or that could have a material impact on the Company or the trading price of its shares include: fiscal risk; community relations; mining operations; security situation; waste disposal and tailings; environmental compliance; illegal mining; infrastructure; forecasts relating to production and costs; land acquisition and surface rights; indigenous consultation requirements; Mineral Reserve and Mineral Resource estimates; regulatory compliance and government approvals; dependence on a single mine; climate change and extreme weather events; shortages of critical resources; exploration and development; control of Lundin Gold; information systems and cyber security; health and safety; human rights; measures to protect biodiversity, endangered species and critical habitats; global economic conditions; competition for new projects; availability of workforce and labour relations; key talent recruitment and retention; gold price; market price of the Company's shares; social media and reputation; insurance and uninsured risks; dividends; internal controls; conflicts of interest; violation of anti-bribery and corruption laws; claims and legal proceedings; reclamation obligations; expropriation and nationalization; and pandemics, epidemics or infectious disease outbreak.

APPENDIX 1

Table 1: Drillhole assay results from the FDNS drilling program reported for thickness versus grade intervals above 8.37 (m x g/t Au > 8.37). Drill hole intercepts are reported in drill core lengths and true widths.

 
Hole ID        From    To (m)  Interval  True   Au       Ag      Target  Zone 
               (m)             (m)       width  (g/t)    (g/t) 
                                         (m) 
FDN-C26-393      0.00    4.05      4.05   2.32     7.58   41.75    FDNS  Underground 
Including        1.55    3.25      1.70   0.98    16.23   84.48 
FDN-C26-393     70.45   73.60      3.15   1.81     6.86  109.82 
Including       70.45   72.10      1.65   0.95    10.38  106.16 
FDN-C26-394      0.00    3.75      3.75   3.52     9.12    6.17    FDNS  Underground 
Including        0.00    1.95      1.95   1.83    16.65    8.28 
FDN-C26-394    119.60  123.35      3.75   3.52    10.41   67.11 
Including      122.50  123.35      0.85   0.80    33.10   16.50 
FDN-C26-396     17.95   21.50      3.55   3.22     7.52   12.51    FDNS  Underground 
Including       20.05   20.55      0.50   0.45    12.15   10.80 
FDN-C26-396     37.70   40.75      3.05   2.76     4.40   12.51 
Including       37.70   38.55      0.85   0.77     8.82   22.52 
FDN-C26-396     60.30   61.55      1.25   1.17     8.89    7.77 
FDN-C26-396     79.05   82.30      3.25   2.81     8.81    8.08 
Including       80.75   82.30      1.55   1.34    16.28   12.48 
FDN-C26-396     92.45   95.60      3.15   2.73     6.35    3.99 
Including       92.45   93.70      1.25   1.08    10.55    4.41 
FDN-C26-396    104.85  107.30      2.45   2.12     5.89   51.73 
Including      104.85  105.95      1.10   0.95    10.03  106.91 
FDN-C26-399      0.00    3.00      3.00   2.46     8.82    6.53    FDNS  Underground 
Including        0.00    2.00      2.00   1.64    12.33    7.75 
FDN-C26-400     41.50   45.90      4.40   3.11     8.68    4.91    FDNS  Underground 
Including       45.50   45.90      0.40   0.28    87.40   36.20 
FDN-C26-400     78.80   87.55      8.75   6.19    18.74   12.30 
Including       81.55   81.95      0.40   0.28   375.00  178.00 
FDN-C26-402     34.55   43.80      9.25   6.54    18.20   21.38    FDNS  Underground 
Including       34.55   35.45      0.90   0.64    96.13   64.25 
Including       41.90   43.20      1.30   0.92    52.87   23.64 
FDN-C26-403      4.50    9.80      5.30   3.41     5.36    7.50    FDNS  Underground 
Including        6.50    7.85      1.35   0.87    12.00    9.61 
FDN-C26-403     48.35   54.10      5.75   4.40     4.07    4.56 
Including       52.10   52.90      0.80   0.61    11.36    9.40 
FDN-C26-403     61.90   65.90      4.00   3.06     4.55    3.19 
Including       63.45   64.15      0.70   0.54    11.30    5.20 
FDN-C26-403     69.75   73.10      3.35   2.57     5.20    5.38 
Including       69.75   70.15      0.40   0.31    33.40   15.80 
FDN-C26-403     87.25   89.80      2.55   1.80     6.92   16.00 
Including       88.25   89.40      1.15   0.81    14.88   28.51 
FDN-C26-403     96.90  101.20      4.30   3.04    13.41   11.63 
Including       96.90   98.25      1.35   0.95    39.91   18.09 
FDN-C26-404                              No Significant Results    FDNS  Underground 
FDN-C26-405      0.00    3.45      3.45   1.62     4.55   46.99    FDNS  Underground 
Including        1.50    2.45      0.95   0.45     8.80   61.90 
FDN-C26-405     80.30   82.10      1.80   0.85     5.11   52.77 
FDN-C26-405     87.35   91.00      3.65   1.71     4.84   30.39 
Including       87.35   88.25      0.90   0.42    13.45   89.60 
FDN-C26-405    117.55  121.70      4.15   1.95    13.73  141.26 
Including      120.00  121.70      1.70   0.80    31.03  274.96 
FDN-C26-406                              No Significant Results    FDNS  Underground 
FDN-C26-407      2.50    4.95      2.45   2.12     3.75    9.18    FDNS  Underground 
FDN-C26-407      8.45   13.20      4.75   4.11     4.73    6.23 
Including       10.45   11.55      1.10   0.95     7.42    9.94 
FDN-C26-407     16.90   22.55      5.65   4.89     5.10    8.52 
Including       16.90   18.10      1.20   1.04    15.75    8.87 
FDN-C26-407     30.15   37.30      7.15   6.19     6.30    8.11 
Including       35.95   37.30      1.35   1.17    19.30   19.25 
FDN-C26-408     77.35   80.60      3.25   1.63     5.52   20.40    FDNS  Underground 
Including       77.35   78.70      1.35   0.68    12.02   43.80 
FDN-C26-409      0.00    6.50      6.50   5.32     5.22    4.94    FDNS  Underground 
Including        0.00    0.45      0.45   0.37     9.67   12.50 
Including        5.70    6.50      0.80   0.66    28.50    7.00 
FDN-C26-409     94.30   97.30      3.00   2.46     5.55    4.62 
Including       95.15   96.90      1.75   1.43     8.09    5.29 
FDN-C26-410                              No Significant Results    FDNS  Underground 
FDN-C26-411    109.00  113.85      4.85   4.78     3.02   16.18    FDNS  Underground 
FDN-C26-412                              No Significant Results    FDNS  Underground 
FDN-C26-413     49.00   51.15      2.15   1.23    14.28   41.29    FDNS  Underground 
Including       49.65   50.15      0.50   0.29    45.60  105.00 
FDN-C26-414                              No Significant Results    FDNS  Underground 
FDN-C26-415                              No Significant Results    FDNS  Underground 
FDN-C26-416                              No Significant Results    FDNS  Underground 
FDN-C26-417     41.85   45.00      3.15   2.02    51.56   25.11    FDNS  Underground 
Including       43.15   45.00      1.85   1.19    87.12   40.99 
FDN-C26-418                              No Significant Results    FDNS  Underground 
FDN-C26-419                              No Significant Results    FDNS  Underground 
FDN-C26-420     18.45   26.90      8.45   2.89     6.10   15.90    FDNS  Underground 
Including       22.75   23.15      0.40   0.14   103.00   91.30 
FDN-C26-420     49.50   50.70      1.20   0.41    10.81   33.10 
Including       49.50   50.30      0.80   0.27    15.68   47.35 
FDN-C26-420     59.75   61.75      2.00   0.68     4.86   21.96 
Including       60.95   61.75      0.80   0.27     9.05   26.50 
FDN-C26-420     76.20   78.30      2.10   0.72    26.17   37.66 
Including       76.20   76.60      0.40   0.14   130.00   63.60 
FDN-C26-420     96.80   98.80      2.00   0.68     8.85   18.40 
FDN-C26-421      0.75    3.05      2.30   0.79     3.74   16.52    FDNS  Underground 
FDN-C26-421    125.10  127.10      2.00   0.68     6.21    6.62 
Including      125.65  126.05      0.40   0.14    29.70   16.30 
FDN-C26-422     45.40   47.30      1.90   0.95     5.27   51.85    FDNS  Underground 
Including       46.10   46.90      0.80   0.40    10.78  105.45 
FDN-C26-422     98.65  101.65      3.00   1.50     8.02   24.40 
Including       98.65   99.60      0.95   0.48    16.30   35.70 
FDN-C26-423                              No Significant Results    FDNS  Underground 
FDN-C26-424                              No Significant Results    FDNS  Underground 
FDN-C26-425      2.85    6.65      3.80   3.79     6.15    9.88    FDNS  Underground 
Including        2.85    4.00      1.15   1.15    15.42   22.62 
FDN-C26-425      9.70   11.65      1.95   1.94     9.10   17.36 
Including       10.65   11.65      1.00   1.00    15.30   24.00 
FDN-C26-425     56.50   58.10      1.60   1.59     7.69    8.06 
FDN-C26-425     64.80   68.90      4.10   4.08     5.20    5.94 
FDN-C26-426     19.00   20.55      1.55   1.27    17.83   17.77    FDNS  Underground 
Including       19.40   19.80      0.40   0.33    65.40   41.20 
FDN-C26-426     21.90   29.55      7.65   5.41    18.06   71.19 
Including       26.25   28.10      1.85   1.31    40.96  190.81 
FDN-C26-426     32.30   35.50      3.20   1.35    28.92   17.58 
Including       32.30   33.90      1.60   0.68    57.52   29.85 
FDN-C26-426     77.50   80.50      3.00   2.30     5.88    8.10 
FDN-C26-426     84.40   89.00      4.60   2.96    23.50   11.30 
Including       84.40   87.00      2.60   1.67    38.19   15.03 
FDN-C26-426     91.10   95.90      4.80   3.68     4.60    6.05 
Including       94.90   95.90      1.00   0.77     9.79    4.00 
FDN-C26-426     97.20  104.35      7.15   5.48     6.72    3.52 
Including      100.00  101.35      1.35   1.03    14.04    4.73 
FDN-C26-426    109.20  112.15      2.95   2.42     5.20    2.58 
Including      109.20  110.20      1.00   0.82    11.85    3.60 
FDN-C26-427     13.60   15.20      1.60   1.13     5.96   11.10    FDNS  Underground 
Including       13.60   14.40      0.80   0.57    10.50   12.10 
FDN-C26-427     21.05   27.00      5.95   3.82     6.59   23.64 
Including       23.55   25.30      1.75   1.12    14.87   43.33 
FDN-C26-427     62.80   70.50      7.70   5.90    18.83   21.92 
Including       63.50   66.40      2.90   2.22    37.84   29.12 
FDN-C26-427     80.20   85.10      4.90   4.44     6.31    6.20 
Including       82.00   82.60      0.60   0.54    11.85    8.10 
FDN-C26-427     90.30   92.25      1.95   1.77     5.78    2.54 
Including       91.00   91.40      0.40   0.36    15.00    4.00 
FDN-C26-428     61.80   68.40      6.60   6.50     5.33   13.65    FDNS  Underground 
FDN-C26-429     41.80   43.70      1.90   1.65     6.15   21.36    FDNS  Underground 
FDN-C26-430     21.50   26.05      4.55   3.49     7.56   33.00    FDNS  Underground 
Including       23.90   26.05      2.15   1.65    14.30   50.91 
FDN-C26-431                              No Significant Results    FDNS  Underground 
FDN-C26-432                              No Significant Results    FDNS  Underground 
FDN-C26-433      4.65    7.20      2.55   2.46     5.81   37.56    FDNS  Underground 
Including        6.45    7.20      0.75   0.72    12.85   97.00 
FDN-C26-433     17.60   20.60      3.00   2.90     5.42   27.46 
Including       17.60   18.35      0.75   0.72    16.50   83.60 
FDN-C26-434      0.00    2.90      2.90   2.73     4.28   50.69    FDNS  Underground 
Including        0.00    1.70      1.70   1.60     5.42   67.69 
FDN-C26-435     15.50   18.60      3.10   2.37    12.02   21.50    FDNS  Underground 
Including       16.40   17.65      1.25   0.96    19.00   29.10 
FDN-C26-435     63.95   65.15      1.20   0.92    14.01   11.10 
Including       64.55   65.15      0.60   0.46    24.90   18.40 
FDN-C26-436                              No Significant Results    FDNS  Underground 
FDN-C26-437     32.45   35.25      2.80   2.79     5.14    4.40    FDNS  Underground 
FDN-C26-437     43.65   60.40     16.75  16.69     7.78    8.07 
Including       51.20   52.90      1.70   1.69    31.01   16.02 
Including       56.60   57.00      0.40   0.40    23.70   17.90 
FDN-C26-438     46.80   54.05      7.25   6.28     3.71    1.98    FDNS  Underground 
Including       46.80   47.65      0.85   0.74     8.32    2.10 
Including       49.30   50.30      1.00   0.87     7.33    4.90 
FDN-C26-438     58.90   60.30      1.40   1.21     8.09    5.16 
FDN-C26-438     70.15   72.40      2.25   1.95     5.29    6.94 
FDN-C26-438     75.70   76.70      1.00   0.87     9.49    2.50 
FDN-C26-439     46.75   47.50      0.75   0.57    12.75    2.50    FDNS  Underground 
FDN-C26-439    125.15  127.70      2.55   1.95    15.01    5.84 
Including      127.00  127.70      0.70   0.54    34.90   11.40 
FDN-C26-439    158.20  161.60      3.40   2.40     8.42    5.36 
Including      158.20  159.60      1.40   0.99    14.50    7.94 
FDN-C26-439    165.45  170.00      4.55   3.22    22.80    6.48 
Including      166.95  168.95      2.00   1.41    37.78    7.80 
FDN-C26-440    101.50  105.50      4.00   2.83    14.56   12.14    FDNS  Underground 
Including      103.40  105.50      2.10   1.48    26.25   16.87 
FDN-C26-440    141.00  142.30      1.30   0.92     9.24   10.86 
FDN-C26-441                              No Significant Results    FDNS  Underground 
FDN-C26-442     57.60   59.35      1.75   1.69     7.72   48.42    FDNS  Underground 
Including       57.60   58.10      0.50   0.48    17.20   13.20 
FDN-C26-442     81.00   84.50      3.50   3.38     5.17    8.90 
Including       81.00   81.40      0.40   0.39     8.74   14.60 
Including       84.10   84.50      0.40   0.39    28.30   20.10 
FDN-C26-443     66.60   73.50      6.90   5.98   199.90   79.26    FDNS  Underground 
Including       66.60   68.40      1.80   1.56   762.84  278.14 
FDN-C26-443     94.40   97.15      2.75   2.38     8.60  117.00 
Including       95.90   97.15      1.25   1.08    18.03  251.70 
FDN-C26-444     24.80   28.40      3.60   3.26    16.74    4.18    FDNS  Underground 
FDN-C26-444     50.00   54.20      4.20   3.81     5.11    4.15 
FDN-C26-444     63.30   70.90      7.60   5.37    12.72    9.54 
Including       68.15   70.90      2.75   1.94    24.12   12.54 
FDN-C26-445     31.20   34.50      3.30   2.53     3.10    1.62    FDNS  Underground 
FDN-C26-445     53.70   55.70      2.00   1.81     4.46    1.65 
FDN-C26-445     66.40   70.00      3.60   3.12     5.78    2.51 
FDN-C26-446     33.90   36.90      3.00   2.12     5.19    2.22    FDNS  Underground 
Including       33.90   35.30      1.40   0.99    10.58    3.39 
FDN-C26-446     47.85   52.40      4.55   2.92     5.52    8.86 
Including       50.75   52.40      1.65   1.06     8.77   18.23 
FDN-C26-446     89.80   94.35      4.55   2.61     7.10    3.35 
Including       89.80   91.40      1.60   0.92    13.41    5.50 
FDN-C26-447     47.85   50.15      2.30   1.15    12.59   18.08    FDNS  Underground 
Including       47.85   48.70      0.85   0.43    32.40   13.70 
FDN-C26-447     82.65   84.65      2.00   1.00     5.83   24.63 
Including       83.55   84.10      0.55   0.28    13.80   29.20 
FDN-C26-448      0.45    3.30      2.85   2.18     3.23   29.18    FDNS  Underground 
FDN-C26-448     16.20   20.15      3.95   3.03     6.82   21.55 
Including       17.95   19.10      1.15   0.88    12.65   49.91 
FDN-C26-448     39.55   42.55      3.00   1.93     3.59    6.22 
Including       40.40   40.80      0.40   0.26    23.10   15.70 
FDN-C26-448     59.75   61.60      1.85   1.60     4.75    8.31 
Including       59.75   60.55      0.80   0.69    10.43   11.35 
FDN-C26-448     91.40   94.65      3.25   2.81     5.99   14.83 
Including       93.10   94.10      1.00   0.87    12.15   22.20 
FDN-C26-449                              No Significant Results    FDNS  Underground 
FDN-C26-450     50.20   53.15      2.95   1.90     3.85    3.48    FDNS  Underground 
Including       52.00   53.15      1.15   0.74     8.26    5.09 
FDN-C26-451                              No Significant Results    FDNS  Underground 
FDN-C26-452     38.70   62.00     23.30  20.18     6.29    3.60    FDNS  Underground 
Including       38.70   41.55      2.85   2.47    11.97    4.28 
Including       55.75   57.40      1.65   1.43    10.25    3.39 
FDN-C26-453     31.30   39.70      8.40   8.27    53.01    8.25    FDNS  Underground 
Including       37.85   39.70      1.85   1.82   220.08   29.34 
FDN-C26-453     46.55   53.70      7.15   7.04     7.82    4.39 
Including       47.00   48.50      1.50   1.48    16.26    8.52 
FDN-C26-453     68.45   73.10      4.65   4.58     3.69    2.19 
Including       68.45   69.15      0.70   0.69    16.50    2.90 
FDN-C26-453    117.00  120.40      3.40   3.35     3.42    1.80 
FDN-C26-454     32.10   33.70      1.60   1.55     5.28    1.69    FDNS  Underground 
FDN-C26-454     37.70   46.45      8.75   8.45     6.64    4.40 
Including       41.80   42.70      0.90   0.87    14.65    4.40 
Including       44.85   46.45      1.60   1.55    10.26    4.70 
FDN-C26-454     71.60   77.00      5.40   5.22     4.34    0.84 
Including       74.25   74.95      0.70   0.68    16.55    1.50 
FDN-C26-455     78.75   80.65      1.90   1.84     4.81    6.50    FDNS  Underground 
FDN-C26-455    101.25  105.95      4.70   4.54     8.20    5.20 
Including      101.25  101.65      0.40   0.39    78.80   31.80 
FDN-C26-456                              No Significant Results    FDNS  Underground 
FDN-C26-457      0.00    3.80      3.80   1.90     3.69    5.36    FDNS  Underground 
Including        0.00    1.00      1.00   0.50     7.93    5.20 
FDN-C26-457     30.40   32.05      1.65   0.83     6.97    3.94 
FDN-C26-458      0.00    3.00      3.00   1.93     3.96    4.20    FDNS  Underground 
FDN-C26-458     41.20   44.40      3.20   2.06    11.28   10.47 
Including       41.20   42.45      1.25   0.80    27.93   19.72 
FDN-C26-458    136.25  137.25      1.00   0.64    30.28   46.16 
FDN-C26-459     33.85   47.00     13.15  10.07    18.68   11.47    FDNS  Underground 
Including       36.40   41.65      5.25   4.02    44.01   21.64 
FDN-C26-459     61.85   65.20      3.35   2.57    12.02   14.19 
Including       61.85   62.85      1.00   0.77    38.20   16.80 
FDN-C26-459     90.00   92.80      2.80   2.14    12.34   44.61 
Including       90.70   91.30      0.60   0.46    53.40  134.00 
FDN-C26-459    109.40  110.55      1.15   0.88    71.00   51.76 
FDN-C26-459    137.40  145.25      6.80   5.21    90.91  216.67 
Including      141.20  143.65      2.45   1.88   214.40  411.47 
FDN-C26-460      9.40   12.60      3.20   3.19    13.77    3.53    FDNS  Underground 
Including       10.20   11.60      1.40   1.39    22.03    5.00 
FDN-C26-460     28.10   30.50      2.40   2.39     5.10    3.15 
Including       30.10   30.50      0.40   0.40    10.05   10.90 
FDN-C26-460     32.35   42.90     10.55  10.51     4.15    4.50 
Including       36.85   40.50      3.65   3.64     5.65    4.27 
FDN-C26-460    109.75  110.75      1.00   1.00     8.46    1.50 
FDN-C26-460    126.85  128.25      1.40   1.39     7.37    0.86 
FDN-C26-461      9.50   13.60      4.10   4.08    19.83    3.29    FDNS  Underground 
Including       12.20   13.60      1.40   1.39    48.92    7.41 
FDN-C26-461     29.30   49.50     20.20  20.12     4.91    4.65 
Including       37.70   39.70      2.00   1.99    11.67   12.11 
FDN-C26-461     70.50   72.55      2.05   2.04     9.14    4.38 
Including       71.20   71.70      0.50   0.50    23.50    7.20 
FDN-C26-461     93.80  100.00      6.20   6.18    10.08    2.46 
Including       98.30  100.00      1.70   1.69    23.44    4.05 
FDN-C26-462     32.35   33.75      1.40   1.07    10.41   12.35    FDNS  Underground 
FDN-C26-462     35.70   42.15      6.45   4.94     9.58   48.04 
Including       35.70   36.30      0.60   0.46    51.90   48.20 
Including       37.75   38.15      0.40   0.31    21.40   57.20 
Including       41.75   42.15      0.40   0.31    35.10  489.00 
FDN-C26-463      9.70   14.15      4.45   3.41     3.58   36.41    FDNS  Underground 
Including       11.05   11.55      0.50   0.38    12.05  174.00 
FDN-C26-463     16.35   20.10      3.75   3.07     4.43   27.29 
Including       17.80   18.60      0.80   0.66    10.50   11.60 
FDN-C26-463     49.35   55.25      5.90   3.79     5.21   37.69 
Including       51.80   53.45      1.65   1.06    10.91   94.92 
FDN-C26-463    147.50  150.70      3.20   2.45     6.06   89.98 
Including      148.50  150.00      1.50   1.15    11.96  177.66 
FDN-C26-464     29.10   30.85      1.75   1.64     5.19    6.14    FDNS  Underground 
FDN-C26-464     37.55   41.60      4.05   3.81     6.50    9.96 
Including       40.00   40.80      0.80   0.75    28.30   25.20 
FDN-C26-464     84.10   86.00      1.90   1.79     5.04    7.55 
FDN-C26-465     28.85   34.30      5.45   2.30    16.84   15.31    FDNS  Underground 
Including       28.85   30.90      2.05   0.87    35.38   22.23 
FDN-C26-465     38.20   42.95      4.75   2.38     5.11   17.61 
Including       38.20   39.20      1.00   0.50     9.70   47.30 
FDN-C26-465     57.05   65.30      8.25   5.30     8.40   27.85 
Including       62.05   64.35      2.30   1.48    19.01   34.38 
FDN-C26-466    101.95  105.10      3.15   2.41     8.46   38.44    FDNS  Underground 
Including      102.35  104.25      1.90   1.46    13.01   51.55 
FDN-C26-467     11.85   14.85      3.00   2.12     7.62   14.31    FDNS  Underground 
Including       12.85   13.25      0.40   0.28    26.70   43.50 
Including       14.35   14.85      0.50   0.35    17.35    5.20 
FDN-C26-467     99.50  113.00     13.50   9.55     5.32   32.60 
Including      102.10  102.50      0.40   0.28    18.10   37.20 
Including      104.55  105.05      0.50   0.35    16.15   15.50 
Including      108.50  109.00      0.50   0.35    55.10  253.00 
FDN-C26-468      9.20   13.00      3.80   2.44     4.02    8.04    FDNS  Underground 
Including       12.05   13.00      0.95   0.61    10.56   16.24 
FDN-C26-468     27.50   34.00      6.50   4.18     5.20   17.58 
Including       27.50   28.70      1.20   0.77    18.57   66.13 
FDN-C26-468     67.40   70.40      3.00   1.93     3.33   31.70 
FDN-C26-468     81.70   86.90      5.20   3.34     7.90    5.99 
Including       84.20   85.65      1.45   0.93    27.47   15.20 
FDN-C26-469      0.00    2.50      2.50   2.17     5.79    4.83    FDNS  Underground 
Including        0.00    0.40      0.40   0.35    28.20   13.80 
FDN-C26-469     15.20   25.10      9.90   8.57     7.63   17.35 
Including       19.50   21.30      1.80   1.56    23.58   37.39 
FDN-C26-469     48.90   51.90      3.00   2.60     4.96   13.38 
Including       48.90   49.30      0.40   0.35    14.75   21.40 
Including       50.35   50.80      0.45   0.39    12.05   17.60 
FDN-C26-470      5.10    8.05      2.95   2.95     5.84   16.63    FDNS  Underground 
FDN-C26-470     11.40   18.90      7.50   7.50    52.78   44.98 
Including       11.80   12.95      1.15   1.15   118.50  159.48 
Including       18.50   18.90      0.40   0.40   579.00  260.00 
FDN-C26-471     34.20   39.75      5.55   3.57     3.13    2.91    FDNS  Underground 
Including       34.20   35.75      1.55   1.00     6.46    2.56 
FDN-C26-471    126.05  129.90      3.85   2.95     5.88    2.03 
FDN-C26-472     38.40   41.40      3.00   2.46     3.34    5.07    FDNS  Underground 
FDN-C26-472     99.80  103.40      3.60   3.12     3.19    3.86 
FDN-C26-472    107.70  111.70      4.00   3.46     4.92    2.25 
FDN-C26-472    114.85  120.00      5.15   4.22    10.81    2.49 
Including      118.30  120.00      1.70   1.39    17.76    3.40 
FDN-C26-473                                     Pending Results    FDNS  Underground 
FDN-C26-474     36.10   42.70      6.60   6.20    12.47   10.87    FDNS  Underground 
Including       40.35   42.70      2.35   2.21    33.26   15.90 
FDN-C26-474     73.00   79.10      6.10   5.73    32.82   36.84 
Including       73.80   75.90      2.10   1.97    91.91   86.19 
FDN-C26-474     84.70   88.00      3.30   3.10     9.41   12.76 
Including       85.30   87.10      1.80   1.69    16.29   13.24 
FDN-C26-475     11.25   14.30      3.05   1.96     3.99    7.51    FDNS  Underground 
Including       11.80   12.45      0.65   0.42    15.60   11.60 
FDN-C26-475     26.15   31.90      5.75   4.40     6.48    7.40 
Including       26.15   27.90      1.75   1.34    11.55    7.83 
FDN-C26-475     50.80   54.40      3.60   3.12     7.63    7.27 
Including       52.50   53.55      1.05   0.91    16.80    8.40 
FDN-C26-476      8.75   11.15      2.40   1.20     3.64    5.70    FDNS  Underground 
Including       10.20   10.60      0.40   0.20    18.70    9.30 
FDN-C26-476     23.20   25.20      2.00   1.00     8.73   13.38 
Including       23.20   24.20      1.00   0.50    16.35   15.96 
FDN-C26-476    131.10  138.85      7.75   3.88     5.91  107.33 
Including      132.30  133.85      1.55   0.78     9.32  156.40 
FDN-C26-476    168.30  172.20      3.90   1.95     3.94   98.59 
FDN-C26-476    182.80  186.95      4.15   2.08    11.13   11.64 
Including      186.40  186.95      0.55   0.28    76.40   41.10 
FDN-C26-476    209.55  213.85      4.30   2.15     3.26  286.60 
FDN-C26-477                                     Pending Results    FDNS  Underground 
FDN-C26-478                                     Pending Results    FDNS  Underground 
FDN-C26-479                                     Pending Results    FDNS  Underground 
FDN-C26-481     12.25   13.45      1.20   0.85     7.26   17.03    FDNS  Underground 
Including       12.65   13.05      0.40   0.28    18.65   31.60 
FDN-C26-481     89.75   92.80      3.05   2.16     7.40    6.12 
Including       90.20   91.80      1.60   1.13    13.60    8.72 
FDN-C26-481    161.35  165.85      4.50   2.89   196.79  394.50 
Including      164.95  165.85      0.90   0.58   929.00  727.00 
FDN-C26-482                                     Pending Results    FDNS  Underground 
FDN-C26-483                                     Pending Results    FDNS  Underground 
FDN-C26-485                                     Pending Results    FDNS  Underground 
FDN-C26-486                                     Pending Results    FDNS  Underground 
FDN-C26-487                                     Pending Results    FDNS  Underground 
FDN-C26-488                                     Pending Results    FDNS  Underground 
FDN-C26-489                                     Pending Results    FDNS  Underground 
FDN-C26-490                                     Pending Results    FDNS  Underground 
FDN-C26-491                                     Pending Results    FDNS  Underground 
FDN-C26-492                                     Pending Results    FDNS  Underground 
FDN-C26-494                                     Pending Results    FDNS  Underground 
FDN-C26-495                                     Pending Results    FDNS  Underground 
FDN-C26-496                                     Pending Results    FDNS  Underground 
FDN-C26-497                                     Pending Results    FDNS  Underground 
UGE-S-26-477    73.60   75.20      1.60   1.13     5.52   16.55    FDNS  Underground 
UGE-S-26-477   106.70  109.05      2.35   1.66    15.72   35.23 
UGE-S-26-478    39.60   42.35      2.75   1.94    12.42   43.78    FDNS  Underground 
Including       41.50   42.35      0.85   0.60    17.07   74.74 
UGE-S-26-478    59.55   61.55      2.00   1.41    10.01   13.98 
Including       60.35   60.95      0.60   0.42    17.15   21.80 
UGE-S-26-478    71.35   74.40      3.05   2.34     4.25   14.36 
Including       71.35   72.15      0.80   0.61    11.90   20.05 
UGE-S-26-478   102.20  106.60      4.40   3.11     9.05   13.30 
Including      102.65  105.05      2.40   1.70    15.26   19.77 
UGE-S-26-478   112.25  117.40      5.15   3.64     8.42   15.53 
Including      115.20  117.40      2.20   1.56    14.99   31.63 
UGE-S-26-478   134.00  136.70      2.70   2.07     7.22   20.97 
UGE-S-26-478   170.05  173.30      3.25   2.30     6.68    7.77 
Including      170.05  171.45      1.40   0.99    13.77   11.03 
UGE-S-26-478   177.80  189.55     11.75   8.31   108.61   30.79 
Including      184.85  185.25      0.40   0.28  2030.00  510.00 
UGE-S-26-489     0.00    7.40      7.40   7.29    12.62    7.58    FDNS  Underground 
Including        0.00    2.95      2.95   2.91    23.93   13.47 
UGE-S-26-489    25.80   27.60      1.80   1.38     5.03    2.61 
Including       25.80   26.45      0.65   0.50    10.65    4.00 
UGE-S-26-489    32.90   35.40      2.50   2.41    12.61    3.47 
Including       32.90   34.10      1.20   1.16    25.50    6.20 
UGE-S-26-489    42.00   43.00      1.00   0.87    16.73   10.06 
UGE-S-26-490     0.00    5.85      5.85   5.50     8.81    5.39    FDNS  Underground 
Including        2.45    3.90      1.45   1.36    19.78    7.08 
UGE-S-26-491   177.55  182.60      5.05   4.97     6.08   11.89    FDNS  Underground 
Including      179.10  180.85      1.75   1.72    11.61   16.29 
UGE-S-26-491   194.10  197.35      3.25   3.20     4.58    9.56 
Including      196.70  197.35      0.65   0.64    11.95   14.00 
UGE-S-26-491   199.70  201.85      2.15   2.12     4.17   15.86 
UGE-S-26-493     0.00    2.75      2.75   1.38     5.84    7.06    FDNS  Underground 
UGE-S-26-493    72.15   73.05      0.90   0.45    10.80   12.79 
UGE-S-26-494     0.00    3.10      3.10   1.31     5.41    5.92    FDNS  Underground 
UGE-S-26-494    29.65   31.40      1.75   0.74     4.55    3.41 
UGE-S-26-494    63.20   66.15      2.95   1.25     5.94    8.19 
Including       63.20   63.85      0.65   0.27    20.90   17.90 
UGE-S-26-496     8.60   11.95      3.35   1.68     3.42    3.84    FDNS  Underground 
Including        8.60    9.45      0.85   0.43     6.01    5.00 
UGE-S-26-496    38.30   39.95      1.65   0.83     6.87   34.91 
Including       38.30   38.70      0.40   0.20    21.00   19.40 
UGE-S-26-497    14.05   18.45      4.40   3.11    17.14   90.43    FDNS  Underground 
Including       16.25   18.00      1.75   1.24    38.54  209.14 
UGE-S-26-497    37.50   43.30      5.80   4.10    67.19   46.93 
Including       40.05   40.45      0.40   0.28   552.00  170.00 
Including       42.25   43.30      1.05   0.74   148.50  156.00 
UGE-S-26-497    53.20   56.40      3.20   2.26     9.56   42.10 
UGE-S-26-497    62.50   66.60      4.10   2.90    47.73   26.39 
Including       63.65   64.05      0.40   0.28   474.00  182.00 
UGE-S-26-505    14.50   20.70      6.20   3.56     7.02    7.53    FDNS  Underground 
Including       18.05   20.70      2.65   1.52    13.25    8.94 
UGE-S-26-505    26.15   30.50      3.35   1.92     5.12    2.56 
Including       29.70   30.10      0.40   0.23    21.20    7.10 
UGE-S-26-505    56.95   62.30      5.35   3.07    19.33   47.16 
Including       60.30   62.30      2.00   1.15    49.44   97.28 
UGE-S-26-505   112.30  115.50      3.20   1.60     8.08   35.41 
Including      113.00  114.30      1.30   0.65    17.91   58.96 
UGE-S-26-505   308.30  311.60      3.30   1.65     3.48  150.28 
Including      309.00  310.30      1.30   0.65     7.10  305.16 
UGE-S-26-505   319.30  322.45      3.15   1.58     3.06  105.15 
Including      320.10  320.70      0.60   0.30     9.14  213.00 
UGE-S-26-506    18.45   20.10      1.65   0.56     5.09    6.64    FDNS  Underground 
UGE-S-26-506    92.95   93.90      0.95   0.32     9.74   62.16 
UGE-S-26-509     0.00    5.10      5.10   2.55     5.40    4.64    FDNS  Underground 
Including        0.00    1.70      1.70   0.85    11.54    7.09 
UGE-S-26-509    34.25   38.00      3.75   1.88     3.65    6.02 
Including       34.25   36.00      1.75   0.88     6.99    6.19 
UGE-S-26-512    70.40   73.25      2.85   2.02    11.50   36.64    FDNS  Underground 
Including       72.15   73.25      1.10   0.78    22.05   60.48 
UGE-S-26-517                             No Significant Results    FDNS  Underground 
UGE-S-26-518    54.90   57.90      3.00   1.72     3.61    1.33    FDNS  Underground 
Including       57.40   57.90      0.50   0.29    15.60    1.70 
UGE-S-26-518    67.20   70.90      3.70   2.12     5.03    3.42 
UGE-S-26-518    89.90   91.80      1.90   1.09     4.41    5.19 
Including       90.45   91.10      0.65   0.37    11.85   12.20 
UGE-S-26-525   Pending Results                                   FDNS    Underground 
UGE-S-26-527   Pending Results                                   FDNS    Underground 
UGE-S-26-531   Pending Results                                   FDNS    Underground 
UGE-S-26-532   Pending Results                                   FDNS    Underground 
UGE-S-26-533   Pending Results                                   FDNS    Underground 
UGE-S-26-534   Pending Results                                   FDNS    Underground 
UGE-S-26-536   Pending Results                                   FDNS    Underground 
UGE-S-26-537   Pending Results                                   FDNS    Underground 
UGE-S-26-538   Pending Results                                   FDNS    Underground 
 

Table 2: Drillhole assay results from FDN East drilling program reported for thickness versus grade intervals above 8.37 (m x g/t Au >8.37). Drill hole intercepts are reported in drill core lengths and true widths

 
Hole ID            From    To (m)  Interval  True   Au      Ag      Target  Zone 
                   (m)             (m)       width  (g/t)   (g/t) 
                                             (m) 
FDNE-2026-466      No Significant Results                           FDN     Surface 
                                                                    East 
                                                                       FDN 
FDNE-2026-466-D1   420.40  423.10      2.70      -    7.23    5.40    East      Surface 
Including          420.40  421.70      1.30      -   12.40    8.96 
                                                                       FDN 
FDNE-2026-466-D2   300.05  304.70      4.65   4.37    4.38   61.06    East      Surface 
Including          303.90  304.70      0.80   0.75    8.67  278.00 
FDNE-2026-466-D2   429.05  435.30      6.25   5.66   23.16   13.89 
Including          432.30  435.30      3.00   2.72   39.01   23.74 
                                                                       FDN 
UGE-E-26-470        97.80  110.20     12.40      -    9.11   10.59    East  Underground 
Including           98.40  107.15      8.75      -   12.10   13.20 
UGE-E-26-470       372.10  373.10      1.00      -   12.60    7.20 
                                                                       FDN 
UGE-E-26-487       263.65  267.90      4.25   4.11    5.00    5.92    East  Underground 
Including          263.65  264.25      0.60   0.58   29.10   26.50 
UGE-E-26-487       280.75  284.70      3.95   3.82  236.62  144.57 
Including          282.00  283.00      1.00   0.97  933.00  566.25 
UGE-E-26-499                                No Significant Results     FDN  Underground 
                                                                      East 
UGE-E-26-503                                No Significant Results     FDN  Underground 
                                                                      East 
                                                                       FDN 
UGE-E-26-511       161.60  164.20      2.60   2.44    4.07    3.72    East  Underground 
Including          161.60  162.80      1.20   1.13    8.67    3.73 
UGE-E-26-514                                No Significant Results     FDN  Underground 
                                                                      East 
                                                                       FDN 
UGE-E-26-515       279.00  281.90      2.90   2.89    3.24    2.38    East  Underground 
                                                                       FDN 
UGE-E-26-519        29.25   34.75      5.50   5.31    6.08   73.20    East  Underground 
Including           29.25   30.30      1.05   1.01   20.60  287.00 
 

Table 3: Drillhole assay results from FDN drilling program reported for thickness versus grade intervals above 8.37 (m x g/t Au >8.37). Drill hole intercepts are reported in drill core lengths and true widths

 
Hole ID      From    To (m)  Interval  True   Au     Ag     Target       Zone 
             (m)             (m)       width  (g/t)  (g/t) 
                                       (m) 
UGE-26-462   No Significant Results                         FDN          Underground 
                                                            Exploration 
                                                                    FDN 
UGE-26-471    57.00   62.20      5.20      -   6.30   6.56  Exploration  Underground 
Including     58.80   61.10      2.30      -  10.95   7.04 
UGE-26-471   126.35  132.15      5.80      -   4.73   3.51 
Including    131.15  132.15      1.00      -   7.40   2.50 
                                                                    FDN 
UGE-26-474    40.50   45.95      5.45      -   7.44  13.76  Exploration  Underground 
Including     42.75   45.45      2.70      -  11.46  11.71 
UGE-26-474    66.70   74.20      7.50      -   6.26  21.00 
Including     68.65   70.20      1.55      -  11.14  22.48 
                                                                    FDN 
UGE-26-520    50.90   71.80     20.90      -   9.32  10.01  Exploration  Underground 
Including     62.10   68.60      6.50      -  18.85  10.48 
                                                                    FDN 
UGE-26-523    45.60   53.65      8.05      -  15.05  20.20  Exploration  Underground 
Including     45.60   46.40      0.80      -  61.50  56.20 
Including     51.20   53.65      2.45      -  25.35  24.25 
UGE-26-523    59.55   65.10      5.55      -   8.02   5.83 
UGE-26-528   Pending Results                                FDN          Underground 
                                                            Exploration 
 

Table 4: FDNS, FDN and FDN East Collar Drill Holes

 
Hole ID            Prospect   Easting  Northing  Elevation  Azimuth  Dip  EOH     Zone         Year 
                                                                          (m) 
FDN-C26-393        FDNS        778218   9582536       1085       45  -56  125.00  Underground  2026 
FDN-C26-394        FDNS        778157   9582333       1090      156  -20  150.00  Underground  2026 
FDN-C26-396        FDNS        778147   9582594       1251      157  -24  110.00  Underground  2026 
FDN-C26-399        FDNS        778157   9582333       1090      152  -34  126.60  Underground  2026 
FDN-C26-400        FDNS        778157   9582334       1090      138  -44  105.00  Underground  2026 
FDN-C26-402        FDNS        778169   9582486       1087      292  -44   80.20  Underground  2026 
FDN-C26-403        FDNS        778148   9582595       1251      152  -67  110.00  Underground  2026 
FDN-C26-404        FDNS        778148   9582594       1253      148   18  160.00  Underground  2026 
FDN-C26-405        FDNS        778218   9582536       1085       45  -64  145.00  Underground  2026 
FDN-C26-406        FDNS        778219   9582536       1086       68  -12   90.20  Underground  2026 
FDN-C26-407        FDNS        778174   9582486       1087      298  -16   75.00  Underground  2026 
FDN-C26-408        FDNS        778169   9582486       1087      281  -52  120.00  Underground  2026 
FDN-C26-409        FDNS        778169   9582485       1087      268  -36  110.00  Underground  2026 
FDN-C26-410        FDNS        778169   9582485       1087      259  -40  139.20  Underground  2026 
FDN-C26-411        FDNS        778148   9582594       1252      139  -10  176.30  Underground  2026 
FDN-C26-412        FDNS        778149   9582595       1251      128  -51   88.10  Underground  2026 
FDN-C26-413        FDNS        778228   9582662       1083      153  -54  136.30  Underground  2026 
FDN-C26-414        FDNS        778218   9582536       1085       75  -68  135.00  Underground  2026 
FDN-C26-415        FDNS        778219   9582535       1085       91  -53   90.00  Underground  2026 
FDN-C26-416        FDNS        778169   9582484       1087      252  -29  100.00  Underground  2026 
FDN-C26-417        FDNS        778168   9582484       1087      244  -34  115.50  Underground  2026 
FDN-C26-418        FDNS        778150   9582594       1252      124    6   75.00  Underground  2026 
FDN-C26-419        FDNS        778150   9582594       1252      128  -15   70.00  Underground  2026 
FDN-C26-420        FDNS        778149   9582595       1251      108  -73  113.50  Underground  2026 
FDN-C26-421        FDNS        778218   9582535       1085      106  -70  135.00  Underground  2026 
FDN-C26-422        FDNS        778218   9582535       1085      105  -62  133.70  Underground  2026 
FDN-C26-423        FDNS        778150   9582596       1252      105   -9   65.00  Underground  2026 
FDN-C26-424        FDNS        778150   9582596       1251       96  -36   70.00  Underground  2026 
FDN-C26-425        FDNS        778169   9582484       1088      240   -7   80.00  Underground  2026 
FDN-C26-426        FDNS        778175   9582552       1085      308  -32  115.00  Underground  2026 
FDN-C26-427        FDNS        778175   9582551       1086      297  -22   95.00  Underground  2026 
FDN-C26-428        FDNS        778174   9582549       1086      251   -3   90.00  Underground  2026 
FDN-C26-429        FDNS        778218   9582534       1086      112  -40  105.00  Underground  2026 
FDN-C26-430        FDNS        778218   9582533       1085      134  -50  100.00  Underground  2026 
FDN-C26-431        FDNS        778145   9582657       1249      230  -52   45.00  Underground  2026 
FDN-C26-432        FDNS        778219   9582534       1086      108  -22   95.00  Underground  2026 
FDN-C26-433        FDNS        778219   9582535       1087       98   13   60.00  Underground  2026 
FDN-C26-434        FDNS        778219   9582536       1088       56   19   35.00  Underground  2026 
FDN-C26-435        FDNS        778219   9582536       1086       83  -39   75.00  Underground  2026 
FDN-C26-436        FDNS        778218   9582534       1085      123  -66  130.00  Underground  2026 
FDN-C26-437        FDNS        778173   9582258       1092      278   -5  135.00  Underground  2026 
FDN-C26-438        FDNS        778173   9582259       1092      302  -29  115.00  Underground  2026 
FDN-C26-439        FDNS        778173   9582260       1091      315  -37  170.00  Underground  2026 
FDN-C26-440        FDNS        778148   9582706       1248      165  -46  150.00  Underground  2026 
FDN-C26-441        FDNS        778148   9582707       1248      155  -56  150.00  Underground  2026 
FDN-C26-442        FDNS        778218   9582533       1086      132  -15  110.00  Underground  2026 
FDN-C26-443        FDNS        778218   9582533       1086      138  -31  124.50  Underground  2026 
FDN-C26-444        FDNS        778173   9582259       1092      299  -35  110.00  Underground  2026 
FDN-C26-445        FDNS        778173   9582258       1092      287  -26  115.00  Underground  2026 
FDN-C26-446        FDNS        778173   9582258       1092      279  -37  110.00  Underground  2026 
FDN-C26-447        FDNS        778214   9582533       1085      151  -60  184.10  Underground  2026 
FDN-C26-448        FDNS        778210   9582537       1089      320   48  100.00  Underground  2026 
FDN-C26-449        FDNS        778149   9582707       1248      151  -47  135.00  Underground  2026 
FDN-C26-450        FDNS        778149   9582708       1248      141  -66  150.00  Underground  2026 
FDN-C26-451        FDNS        778149   9582708       1248      137  -58  130.00  Underground  2026 
FDN-C26-452        FDNS        778173   9582257       1092      265  -30   93.40  Underground  2026 
FDN-C26-453        FDNS        778173   9582257       1092      262   -8  125.00  Underground  2026 
FDN-C26-454        FDNS        778173   9582257       1092      265  -30   80.00  Underground  2026 
FDN-C26-455        FDNS        778199   9582235       1092      113   -8  114.00  Underground  2026 
FDN-C26-456        FDNS        778199   9582235       1091      114  -27  100.00  Underground  2026 
FDN-C26-457        FDNS        778158   9582336       1090       58  -61  145.00  Underground  2026 
FDN-C26-458        FDNS        778158   9582337       1090       47  -49  140.00  Underground  2026 
FDN-C26-459        FDNS        778158   9582338       1089       41  -42  184.00  Underground  2026 
FDN-C26-460        FDNS        778173   9582257       1092      256   -3  150.00  Underground  2026 
FDN-C26-461        FDNS        778173   9582258       1093      266    2  135.00  Underground  2026 
FDN-C26-462        FDNS        778221   9582434       1091       60   39   70.00  Underground  2026 
FDN-C26-463        FDNS        778221   9582434       1087       60  -52  170.00  Underground  2026 
FDN-C26-464        FDNS        778179   9582488       1087      330  -22   91.00  Underground  2026 
FDN-C26-465        FDNS        778179   9582488       1086      315  -42  157.00  Underground  2026 
FDN-C26-466        FDNS        778198   9582234       1091      139  -39  154.30  Underground  2026 
FDN-C26-467        FDNS        778198   9582234       1091      148  -46  145.00  Underground  2026 
FDN-C26-468        FDNS        778198   9582235       1091      121  -60  150.00  Underground  2026 
FDN-C26-469        FDNS        778178   9582488       1086      307  -31   80.00  Underground  2026 
FDN-C26-470        FDNS        778179   9582487       1087      331    0   55.20  Underground  2026 
FDN-C26-471        FDNS        778152   9582347       1090      291  -33  148.40  Underground  2026 
FDN-C26-472        FDNS        778152   9582347       1090      286  -27  135.00  Underground  2026 
FDN-C26-473        FDNS        778152   9582347       1090      276  -28  130.00  Underground  2026 
FDN-C26-474        FDNS        778179   9582487       1089      352   28  100.10  Underground  2026 
FDN-C26-475        FDNS        778179   9582487       1089      337   43   55.30  Underground  2026 
FDN-C26-476        FDNS        778221   9582431       1087       61  -62  225.70  Underground  2026 
FDN-C26-477        FDNS        778221   9582431       1087       68  -65  240.00  Underground  2026 
FDN-C26-478        FDNS        778175   9582482       1087      111  -15   65.00  Underground  2026 
FDN-C26-479        FDNS        778175   9582483       1089      112   27   85.00  Underground  2026 
FDN-C26-481        FDNS        778197   9582235       1091      144  -56  210.00  Underground  2026 
FDN-C26-482        FDNS        778153   9582347       1090      270  -18   80.00  Underground  2026 
FDN-C26-483        FDNS        778153   9582347       1090      263  -31  140.00  Underground  2026 
FDN-C26-485        FDNS        778221   9582430       1087       71  -70  221.50  Underground  2026 
FDN-C26-486        FDNS        778163   9582660       1250      310  -25   65.00  Underground  2026 
FDN-C26-487        FDNS        778168   9583294       1270       89  -12  227.00  Underground  2026 
FDN-C26-488        FDNS        778236   9582217       1188      318   28  122.10  Underground  2026 
FDN-C26-489        FDNS        778236   9582217       1187      332   23  165.00  Underground  2026 
FDN-C26-490        FDNS        778288   9582326       1185      147   11   75.00  Underground  2026 
FDN-C26-491        FDNS        778289   9582331       1185       69    7   52.60  Underground  2026 
FDN-C26-492        FDNS        778265   9582326       1187      121   46  145.20  Underground  2026 
FDN-C26-494        FDNS        778243   9582215       1186       93  -23  150.00  Underground  2026 
FDN-C26-495        FDNS        778222   9582140       1194       57   22  185.00  Underground  2026 
FDN-C26-496        FDNS        778168   9583293       1270      103   -8  250.40  Underground  2026 
FDN-C26-497        FDNS        778186   9582165       1193       66   16  175.00  Underground  2026 
UGE-S-26-477       FDNS        778225   9582665       1083      253  -44  171.60  Underground  2026 
UGE-S-26-478       FDNS        778225   9582665       1083      287  -44  190.00  Underground  2026 
UGE-S-26-489       FDNS        778155   9582333       1090      173  -35  196.00  Underground  2026 
UGE-S-26-490       FDNS        778156   9582334       1090      165  -49  155.00  Underground  2026 
UGE-S-26-491       FDNS        778147   9582594       1252      158    8  270.90  Underground  2026 
UGE-S-26-493       FDNS        778158   9582335       1090       84  -62  320.00  Underground  2026 
UGE-S-26-494       FDNS        778158   9582336       1089       66  -66  369.00  Underground  2026 
UGE-S-26-496       FDNS        778169   9582485       1086      270  -62  205.00  Underground  2026 
UGE-S-26-497       FDNS        778170   9582487       1086      325  -48  194.00  Underground  2026 
UGE-S-26-505       FDNS        778172   9582485       1086      122  -69  329.80  Underground  2026 
UGE-S-26-506       FDNS        778172   9582485       1086       84  -70  282.30  Underground  2026 
UGE-S-26-509       FDNS        778158   9582337       1089       40  -68  220.00  Underground  2026 
UGE-S-26-512       FDNS        778172   9582486       1086       48  -55  220.00  Underground  2026 
UGE-S-26-517       FDNS        778173   9582258       1091      277  -62  172.50  Underground  2026 
UGE-S-26-518       FDNS        778174   9582260       1091      325  -57  290.00  Underground  2026 
UGE-S-26-525       FDNS        778177   9582256       1091      110  -67  264.80  Underground  2026 
UGE-S-26-527       FDNS        778208   9582061       1205      113    2  178.10  Underground  2026 
UGE-S-26-531       FDNS        778198   9582235       1091      119  -67  237.00  Underground  2026 
UGE-S-26-532       FDNS        778196   9582234       1091      170  -55  250.00  Underground  2026 
UGE-S-26-533       FDNS        778176   9582487       1086       44  -49  250.00  Underground  2026 
UGE-S-26-534       FDNS        778176   9582486       1086       70  -62  192.10  Underground  2026 
UGE-S-26-536       FDNS        778176   9582256       1091      133  -66  230.00  Underground  2026 
UGE-S-26-537       FDNS        778207   9582062       1203      100  -60  355.00  Underground  2026 
UGE-S-26-538       FDNS        778176   9582255       1091      143  -58   31.10  Underground  2026 
                   FDN - 
FDNE-2026-466       East       778219   9583030       1463       90  -45  119.40      Surface  2026 
                   FDN - 
FDNE-2026-466-D1    East       778219   9583030       1463       90  -45  718.70      Surface  2026 
                   FDN - 
FDNE-2026-466-D2    East       778219   9583030       1463       90  -45  896.40      Surface  2026 
                   FDN - 
UGE-E-26-470        East       777959   9583482       1194       79   15  580.00  Underground  2026 
                   FDN - 
UGE-E-26-487        East       778172   9582956       1272       72   18  452.85  Underground  2026 
                   FDN - 
UGE-E-26-499        East       778171   9582954       1272      107   14  415.00  Underground  2026 
                   FDN - 
UGE-E-26-503        East       778120   9583090       1050       97   -1  370.00  Underground  2026 
                   FDN - 
UGE-E-26-511        East       778171   9582954       1270      111  -22  322.70  Underground  2026 
                   FDN - 
UGE-E-26-514        East       778120   9583090       1050      106   -4  385.00  Underground  2026 
                   FDN - 
UGE-E-26-515        East       778164   9583420       1198      113   -3  380.00  Underground  2026 
                   FDN - 
UGE-E-26-519        East       778120   9583090       1051       90    8  440.00  Underground  2026 
UGE-26-462         FDN         778124   9582606       1252      236  -16  130.00  Underground  2026 
UGE-26-471         FDN         778125   9582787       1249      273   -2  146.00  Underground  2026 
UGE-26-474         FDN         778125   9582785       1249      247    1  150.00  Underground  2026 
UGE-26-520         FDN         778125   9582786       1249      265    5  120.00  Underground  2026 
UGE-26-523         FDN         778126   9582706       1250      285    2  139.90  Underground  2026 
UGE-26-528         FDN         778124   9582608       1252      293   -2  130.00  Underground  2026 
 

SOURCE Lundin Gold Inc.

/CONTACT:

Copyright CNW Group 2026 
 

(END) Dow Jones Newswires

July 27, 2026 17:16 ET

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