Category: Accesswire

Ladan Hosseinzadeh Sadeghi, President & CEO of Sky Property Group Inc., says the country’s rental housing shortage requires bold private-sector investment – not just government promises.

TORONTO, ON / ACCESS Newswire / February 26, 2026 / Canada is in the middle of a rental housing emergency, and no one is coming to save it. That is the frank assessment of Ladan Hosseinzadeh Sadeghi, President & CEO of Sky Property Group Inc., who has spent more than a decade building residential and mixed-use communities across Ontario.

“We have been talking about the rental housing shortage in this country for years,” said Hosseinzadeh Sadeghi. “And the conversation keeps happening while the vacancy rates stay near zero and rents keep climbing. At some point, the private sector has to stop waiting for policy to catch up and start building.”

The numbers make a compelling case for urgency. Canada’s national residential vacancy rate hovered near 1.5 percent in major urban centres as of late 2025, according to Canada Mortgage and Housing Corporation (CMHC) data – well below the 3 percent generally considered a balanced rental market. In Toronto, Vancouver, and Calgary, the picture is even more dire. Newcomers, students, and young professionals are competing for a dangerously thin supply of purpose-built rental units that simply does not exist at the scale needed.

What Is Purpose-Built Rental – and Why Does It Matter?

Purpose-built rental housing refers to residential buildings constructed with the explicit intention of renting units long-term, rather than selling them as condominiums. Unlike condos, where individual investors may rent out units informally, purpose-built rentals offer more stability, longer tenancies, and often better amenities for residents who prefer or need to rent.

But for years, developers in Canada overwhelmingly favoured condo construction over purpose-built rental because the financial model made more sense: pre-sales generated construction financing and delivered faster returns. The result was a lopsided housing ecosystem – thousands of new condo units entering the market, while dedicated rental stock stagnated.

“The incentives were misaligned for a long time,” Hosseinzadeh Sadeghi explained. “Building rental meant carrying long-term operational costs and waiting years for a return. But those economics are changing. Interest rates have moderated, government incentive programs have improved, and frankly, the demand is undeniable. The rental market in this country is enormous – and underserved.”

Federal and Provincial Programs Are Moving the Needle

Recent years have seen meaningful policy shifts at both federal and provincial levels. The federal government’s Apartment Construction Loan Program (ACLP) – formerly the Rental Construction Financing Initiative – has expanded its envelope significantly, offering low-cost, long-term financing to developers who build purpose-built rental units. In Ontario, the province has moved to remove development charges on certain rental projects, reducing the upfront cost burden that has historically deterred builders.

Hosseinzadeh Sadeghi is cautiously optimistic about these changes, though she believes execution – not announcement – is what will define success.

“Policy moves in the right direction, and then implementation lags by two or three years,” she said. “In real estate, time is money and time is people. Every year we delay is another year that families are paying too much for housing that doesn’t meet their needs. We need approval timelines to shrink, we need clarity on density permissions, and we need municipalities and provinces to align their signals.”

Sky Property Group has been positioning itself at the intersection of market-rate and attainable rental development, identifying sites in Ontario communities where population growth is outpacing supply. The company’s approach emphasizes mixed-income rental buildings that serve a wide range of tenants – from young professionals entering the housing market to seniors looking to downsize without leaving their communities.

The Immigration Factor

Canada’s population grew by more than one million people in 2024, driven largely by international migration targets that successive federal governments have pursued as an economic growth strategy. While immigration has been an engine of economic vitality, it has also placed enormous pressure on rental markets in cities that were already stretched.

“When you bring in hundreds of thousands of people who need a place to live – and most of them will rent before they buy – you need the housing to be there,” Hosseinzadeh Sadeghi said. “We didn’t build it fast enough, and now we’re paying the price in rents, in competition, and in social tension that didn’t have to happen.”

She is careful not to frame immigration as the problem – rather, the failure to plan ahead for it. “Every one of those newcomers is a future homeowner, a future business owner, a future contributor. The question is whether we give them a dignified place to land. Right now, we’re not doing that well enough.”

Financing Innovation and Institutional Appetite

One encouraging trend Hosseinzadeh Sadeghi highlights is the growing appetite among institutional investors – pension funds, insurance companies, and REITs – for purpose-built rental assets. Unlike condo speculation, purpose-built rental offers stable, long-term cash flows that align well with institutional investment horizons.

“We’re seeing pension money take a serious look at Canadian rental housing in a way they didn’t ten years ago,” she said. “That’s good for the industry. It brings patient capital and professional asset management to a sector that needs it.”

Sky Property Group has been exploring joint-venture structures that pair private development expertise with institutional capital, a model Hosseinzadeh Sadeghi believes can unlock projects that would otherwise be unviable under traditional financing.

What Needs to Happen Next

When asked what she would tell Canada’s housing ministers if given thirty minutes, Hosseinzadeh Sadeghi doesn’t hesitate.

“Speed up approvals, protect rental tenure, and stop changing the rules mid-project,” she said. “Developers can absorb risk. What we can’t absorb is uncertainty. When the goalposts move after we’ve already committed capital, projects die. And when projects die, units don’t get built.”

She also advocates for greater use of modular and mass timber construction as tools to reduce build times and costs – technologies she believes remain underutilized in Canada relative to their potential.

“We have the land. We have the capital markets starting to come along. We have government programs that are better than they were five years ago,” she said. “What we need now is alignment and urgency. Canada can fix this – but not by talking about it.”

About Sky Property Group Inc.

Sky Property Group Inc. is a Toronto-based real estate development and investment company led by President & CEO Ladan Hosseinzadeh Sadeghi. The company specializes in residential and mixed-use development across Ontario, with a focus on sustainable, community-centred projects that meet the evolving needs of Canadian renters and homeowners.

Contact:

Ladan Hosseinzadeh Sadeghi
ladanhosseinzadehsadeghi@gmail.com

SOURCE: Sky Property Group Inc.

View the original press release on ACCESS Newswire

TORONTO, ON / ACCESS Newswire / February 26, 2026 / White Gold Corp. (TSX.V:WGO)(OTCQX:WHGOF)(FRA:29W ) (the “Company”) is pleased to report additional assay results from its 2025 diamond drilling program at the flagship Golden Saddle and Arc deposits, located on the White Gold Property in west-central Yukon (Figure 1 and 2). Hole WHTGS25D0216 successfully intersected high-grade gold mineralization, returning 3.23 g/t Au over 56.10m, expanding the width of the high-grade core by more than 50m to the west at a vertical depth of 350m, and further demonstrating the potential for additional growth of the high-grade core in multiple directions. The same hole also intersected the Footwall breccia zone beneath the current pit shell, confirming continuity of key mineralization, lithology, and structural features down plunge and along strike. Furthermore, multiple lenses of gold mineralization were intersected in the shallow hanging wall zone, again further supporting recent 3D modeling refinements that capture this mineralization in the hanging wall more consistently, and confirming prospectivity of assaying unsampled historic drill intervals throughout this zone. At the Arc deposit, drilling successfully intersected high grade gold mineralization, including 2.73 g/t Au over 4.35m in WHTAR25D038, as well as multiple other gold intercepts in parallel mineralized panels. Prior to this drilling, Arc mineralization was defined along 1.5 km striking northwest to southeast, and only to an average vertical depth of approximately 120m. These drill results represent the first step in significantly extending Arc mineralization down plunge, which has now been extended by at least 100 m, with the zone remaining open for further expansion. These results form part of the Company’s fully funded work program supported by strategic partners including Agnico Eagle Mines Limited (TSX:AEM, NYSE:AEM).

All of the Company’s deposits remain open in multiple directions for further expansion which will be the primary focus of the Company’s upcoming fully funded 2026 exploration program. The 2026 exploration program is anticipated to be the largest drill program in the history of the Company and is being designed with the objective of significantly increasing the size of the Company’s known large high-grade gold resource and making new gold and critical mineral discoveries across the Company’s district scale land package. Further details on the 2026 exploration program will be announced in due course.

The company’s flagship White Gold project hosts four near-surface gold deposits, which collectively contain an estimated 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.2 million tonnes grading 1.22 g/t Au), with significant expansion potential on the resource itself and in the immediately surrounding area. The Golden Saddle Main Zone hosts a consistent high-grade core containing 1,100,000 oz Indicated (12.3 Mt @ 2.84 g/t Au) and 93,000 oz Inferred (1.4 Mt @ 2.03 g/t Au) at a 1.0 g/t cut-off. At 3.0 g/t cut-off, this core contains 695,000 oz Indicated (4.4 Mt @ 4.88g/t Au) and 35,000 oz Inferred (269 kt @ 4.07 g/t Au) (see the Company’s news release dated October 6, 2025).

In addition to the White Gold project, the Company’s district-scale exploration portfolio comprised of 21 properties includes a robust pipeline of early stage to discovery stage exploration targets, including gold and other critical minerals. Regional exploration work has also produced several new discoveries and prospective targets on the Company’s claim packages which border other sizable gold deposits including the Coffee project owned by Fuerte Metals Corporation (TSXV:FMT) and Western Copper and Gold Corporation’s (TSX:WRN)(NYSE:WRN) Casino project.

CEO of White Gold Corp., David D’Onofrio stated “These results clearly demonstrate that Golden Saddle and Arc deposits remain highly expandable with strong and uniquely high-grade gold continuity. Expanding the Golden Saddle high-grade core and significantly extending the plunge direction at Arc further confirms the geological modelling and validates our strategy of systematically demonstrating resource growth potential. With a fully funded 2026 exploration program being designed to significantly increase resources and make new discoveries on our district scale portfolio in the Yukon’s prolific White Gold District, our maiden PEA on track for release in Q2 and several other near term catalysts, we believe that 2026 has the potential to be a transformative year for White Gold Corp.”

Dylan Langille, VP of Exploration, added “The 2025 drilling results successfully achieved our stated goals of proving structural targets and validating recent model refinements as we aim to aggressively grow our total gold resources. Today’s announcement demonstrates a significant expansion to the width of the high-grade core by 50m to the west at depth, further validating the potential for additional growth of the high-grade core. As previously released, we also encountered some of the highest grades to date on the project in 2025 (6.89g/t over 50.2m in hole WHTGS25D0218A) providing more evidence of the deposit’s unique high-grade potential. At Arc, this was the first meaningful down-plunge test beneath the current resource envelope and it successfully intersected strong mineralization as well as several other parallel panels of mineralization. With multiple zones at Golden Saddle, Arc and our other deposits remaining open and underexplored, we look forward to hitting these deposits with a very sizable drill program in the coming months, and the Company’s largest program to date, to further increase the size of the resources and to also drill test other exciting earlier stage targets on our large property package in 2026.”

Highlights:

• WHTGS25D0216 broadens high-grade core at the Golden Saddle main zone by 50m to the west, intersecting 3.23 g/t Au over 56.10 m at a vertical depth of 350 m (Figure 3 and 4).

• Confirmation of continued mineralization in the footwall breccia with the intersection including the presence of visible gold.

• Intersection of multiple lenses of mineralization confirms confidence of hanging wall mineralization recently captured in the new geological model and updated mineral resource estimate. The Hanging Wall Mineralization will be further supported by a relogging and sampling program of significant amounts of historical un-assayed core in the vicinity of previously encountered hanging wall mineralization, which will also aid in the future exploration of these domains at depth.

• 100m down-plunge extension of Arc gold mineralization with an intercept of 2.73 g/t over 4.35 m, paving the way for significant growth in 2026 along the deposit’s 1.5 km strike length (Figure 5 and 6).

• Given the relatively under drilled nature of each deposit and the understanding of structurally controlled and hosted orogenic gold deposit models, significant growth potential (Figure 7) remains untested at depth and along strike.

• Additional exploration results from the Company’s exploration program on its district scale portfolio to be released in due course.

To view images, please click below:

District Mapping

Topographic Collar Locations

Golden Saddle Main Zone Long Section

Cross Section Hole

Arc Long Section

Cross Section WHTAR25D038_F

Resource Growth Potential

PDAC 2026

White Gold Corp. will be exhibiting at PDAC 2026 Investors Exchange. Conference attendees are invited to visit the Company booth to learn more. Management is also participating in the PDAC One on One Meeting Program. Interested parties are encouraged to book a meeting through the conference portal website below.

Booth Number: 2312
Dates: March 1 ^st to 4 ^th

Exhibition Hours: 10 a.m. to 5 p.m. ET
One on One Meetings: https://www.precioussummit.com/events/pdac-2026-one-on-one-meeting-program/

Diamond Drill Program Results

The 2025 diamond drill program on the Golden Saddle deposit was designed to target three zones of mineralization: the hanging wall, main zone, and footwall. At the Arc deposit drilling was designed to test the down-plunge extent of gold mineralization below 120 m vertical, as well as provide material for metallurgical test work programs as contribution towards a Preliminary Economic Assessment (PEA), expected to be published in Q2 of 2026.

Table 1: Significant Intervals

*True thickness estimated at 80 – 95% of the reported intervals

Table 2: 2025 Diamond Drill Hole Details

Golden Saddle Deposit

The Golden Saddle deposit consists of the GS Main, GS Footwall and GS West zones and together the zones define mineralization over a 1,500 m strike length and up to a maximum 500 m vertical depth based on drilling done to date, which continues to remain open for expansion in multiple directions. Gold mineralization at the Golden Saddle deposit is hosted in a metavolcanic and metaintrusive assemblage broadly consisting of felsic orthogneiss, amphibolite, and ultramafic units. Gold generally occurs as micron-scale blebs along fractures or encapsulated by pyrite, and as visible gold (less than 5 mm in size) located as free grains in quartz. Mineralization is present in quartz veins and stockwork or breccia with disseminated pyrite. Drill hole intersected gold mineralization is spatially co-incident with structures, or faults which are interpreted to be the primary conduits for hydrothermal fluids responsible for gold deposition. A series of north-south striking thrust faults and a large east-west strike-slip sinistral fault act as both mineralizing pathways and controls on the geometry of gold mineralization. The 2025 drilling program was successful in demonstrating the robust nature of mineralization at all three zones.

Main Zone Mineralization

The Golden Saddle Main Zone hosts a consistent high-grade core containing 1,100,000 oz Indicated (12.3 Mt @ 2.84 g/t Au) and 93,000 oz Inferred (1.4 Mt @ 2.03 g/t Au) at a 1.0 g/t cut-off. At 3.0 g/t cut-off, this core contains 695,000 oz Indicated (4.4 Mt @ 4.88g/t Au) and 35,000 oz Inferred (269 kt @ 4.07 g/t Au). The intersection of 6.89g/t over 50.2 m in hole WHTGS25D0218A (see Company press release dated November 4, 2025), infilled a 75 m gap and increased the grade of this high-grade core. WHTGS25D0216 released herein, intersected 3.23 g/t over 56.10 m, extending the high-grade core 50 metres westward at depth and confirming continuity along the interpreted plunge direction (47° toward 285°). These results demonstrate that the high-grade domain remains open along strike and down plunge.

Foot Wall Mineralization

The high-grade footwall breccia zone that was previously identified in historic drilling, but remained underexplored, was intersected by all three 2025 diamond drill holes targeting the Golden Saddle Deposit. Previously released hole WHTGS25D0218A intersected 6.89 g/t Au over 2.80 m (with roughly 2 m of lost core), while WHTGS25D0216 and WHTGS25D0217 intersected 1.02 g/t Au over 8.85 m and 0.75 g/t Au over 7.00 m, respectively. The consistent geological signature – strongly hematized semi-matrix supported breccia with carbonate veining and fracture-controlled pyrite – confirms the Footwall Zone as a compelling future resource growth target.

Hanging Wall Mineralization

Inthe Hanging Wall Zone, gold mineralization occurs in quartz-carbonate-sulphide veins contained throughout strongly oxidized orthogneiss and amphibolite units. Multiple lenses of parallel gold mineralization have been identified and captured by recent reinterpretation and modelling exercises (see press release dated August 21, 2025). The three Golden Saddle diamond holes drilled in 2025 have intersected multiple very shallow mineralized gold domains that strengthen modelled gold wire frames. The Hanging Wall results outlined in Table 1 reiterate the importance of the relogging and sampling program to be carried out on historic unassayed drill holes.

Arc Deposit

The Arc deposit is located 400 m south of the Golden Saddle and consists of two zones, the Arc Main and Arc Footwall zones, both with an arcuate shape trending E-W and NW-SE and dipping to the north and north-east at approximately 50 degrees. Mineralization at the Arc is defined along a 1.5km strike length and to an average vertical depth of approximately 120 m.

The 2025 diamond drilling program completed the first meaningful down-plunge test of the system, intersecting 2.73 g/t Au over 4.35m 100 m down plunge, extending the vertical depth of mineralization by nearly double the length. This result opens a substantial vertical growth corridor beneath the existing resource shell. The Arc system remains open below 120 m vertical depth across its entire 1.5km strike length.

2025 Exploration Program Update

The 2025 exploration season was strategically focused on advancing and expanding the Company’s flagship White Gold Project, following a renewed emphasis on resource growth opportunities within and adjacent to the existing deposits. The program has been successful in:

• Testing the continuity, grade and extent of the high-grade main zone of the Golden Saddle Deposit. Achieving a 50 m expansion to the west at a vertical depth of 350 m with the intersection of 3.23 g/t gold over 56.10 m.

• Infilled a 75 m gap and increased the grade of the Golden Saddle main zone within 150 m of surface, intersecting one of the best holes to date with WHTGS25D0218A returning 6.89 g/t over 50.1 m (see press release dated November 4, 2025)

• Confirming the potential for high-grade ore bodies to exist internal to the broader mineralization envelope, with significant room to test for growth / expansion down plunge and along strike.

• Intersecting high-grade mineralization 100 m down plunge on the Arc Deposit for the first time, breaking way for significant down=plunge growth along a 1.5 km strike length.

• Delivering material across all four deposits (Golden Saddle, Arc, Ryan’s Surprise, and VG) for metallurgical test work programs contributing to maiden PEA (Preliminary Economic Assessment) to be release in Q2 2026.

These results validate the technical strategy implemented this year, which targeted the footwall breccia, multiple hanging wall zones, and high-grade core continuity at Golden Saddle. It has demonstrated the presence of multiple parallel zones of mineralization that remain open along strike and at depth, supporting confidence for targeted resource growth. The Company’s Phase II work has also advanced key metallurgical and geotechnical studies across the Golden Saddle and Arc deposits in preparation for a future preliminary economic assessment (PEA), while district-wide data compilation and target generation continued in parallel to define the next pipeline of drill-ready prospects.

The success of the 2025 drilling reinforces the excellent exploration potential that remains across the White Gold Project and provides a strong foundation for the Company’s fully funded 2026 exploration program currently being designed following the completion of a $23 million private placement (see Company press release dated October 15, 2025). These results mark an encouraging start to the next chapter of systematic resource expansion and discovery across the Company’s district-scale portfolio in Yukon’s premier mining jurisdiction.

Phase I of the 2025 exploration program is a continuation of the Company’s successful expanded exploration focus beyond gold, targeting critical metals including copper (Cu), molybdenum (Mo), tungsten (W), antimony (Sb) and bismuth (Bi) amongst others. Geophysical work was conducted on three of the Company’s highly prospective critical mineral targets – the Bridget target on the Pedlar Property, the Guilder target of the Loonie Property, and the Mt. Hart target on the Nolan Property. The program included both gradient and dipole-dipole induced polarization (IP) surveys designed to refine high-priority porphyry style targets for drill testing. Results on the Bridget target of the Pedlar property (see Company press release dated December 16, 2025) demonstrated favourable chargeability and resistivity anomalies favourable for porphyry style mineralization systems residing directly beneath strong surface soil geochemistry signatures. Results from the other two properties are expected to be released in the near future.

Preliminary 2026 Outlook

Heading into 2026 with a fully funded exploration program significantly larger than the previous years, the primary objective remains resource growth and expansion within, adjacent and in close proximity to the Golden Saddle, Arc, Ryan’s Surprise, and VG deposits. All four deposits remain open for expansion along strike and down-dip. In addition to resource growth, the company will look to advance discovery-stage targets such as Betty Ford, Vertigo, and Chris Creek as well as assess high priority early-stage prospects for discovery potential. In addition, the Company is working toward a maiden Preliminary Economic Assessment on the White Gold Project, expected to be released in Q2 of 2026.

Resource Growth

All four of White Gold’s near-surface deposits, which form the White Gold Project , are interpreted to represent structurally controlled orogenic gold systems . These deposits collectively form the Company’s gold resource base in the heart of its extensive land package and all remain open for expansion . Additional information on each of these deposits can be found below.

Golden Saddle Deposit

The Golden Saddle contains an open-pit resource of 1.614 M oz Indicated (31.03 Mt @ 1.62 g/t Au) and 268.7 k oz Inferred (7.84 Mt @ 1.07 g/t Au) defined by 210 drill holes for a total of approximately 61,000 m. Significant growth opportunity exists with parallel zones of mineralization in the hanging wall and footwall zones, the plunge of the high-grade ore shoots, and extension along strike toward Golden Saddle West and beyond.

Arc Deposit

The Arc deposit contains 115,800 oz Indicated (4.113 Mt @ 0.88 g/t Au) and 397,000 oz Inferred (12.25 Mt @ 1.01 g/t) across a 1.5 km strike length and down to an average vertical depth of approximately 100 m defined by 73 drill holes for a total of approximately 15,000 m. Limited drilling on mineralization, particularly below 120 m vertical, presents an exceptional potential growth opportunity to add additional ounces to the mineral resource estimate.

VG Deposit

The VG deposit is located approximately 85 km south of Dawson City and 11 km north of the Golden Saddle deposit. Gold mineralization at the VG deposit is hosted in quartz ± carbonate veins, stockwork and breccia zones, and pyrite veinlets, including cubic pyrite and visible gold, associated with intense-quartz-carbonate-sericite alteration, pervasive K-spar and hematite emplaced along en-echelon faults or shear zones. Visually, the style of gold mineralization and alteration appears identical to the Golden Saddle deposit, along with similar dominant host rocks of biotite-feldspar (± augen)-quartz gneisses.

To date, the VG deposit comprises 296,000 oz Inferred (6.285 Mt @ 1.46 g/t Au) defined by 65 drill holes for a total of approximately 7,600 m. Gold mineralization is modelled to a maximum vertical depth of 200 m, with the geometry of the modelled mineralization being cone shaped due to limited drilling across the deposit. A large drill campaign in 2026 will look to deliver meaningful growth to the existing resource estimate as well as explore additional targets on the QV Property, including the Chris Creek target.

Ryan’s Surprise Deposit

Ryan’s Surprise is located 1.5 km west of the Golden Saddle deposit, along a 6.5 km long x 1 km wide north-northwest trend of anomalous gold and arsenic in soils (“Ryan’s Trend”), which also hosts several other prospective early-stage targets in close proximity with significant surface gold mineralization and represent further potential for expansion of this project. Gold mineralization at the Ryan’s Surprise deposit is primarily hosted within a meta-sedimentary sequence dominated by banded (graphitic) quartzite and interbedded pelitic biotite schist cross-cut by numerous felsic – intermediate dikes and sills. Gold mineralization appears to be focused within breccia and shear zones that have been affected by hydrothermal alteration and sulphide mineralization.

The mineralization footprint at the Ryan’s Surprise deposit measures approximately 550 m north-south by 500 m east-west to a vertical depth of 650 m remains open along strike and at depth. To date, the Ryan’s Surprise deposit contains 280,300 oz Inferred (5.693 Mt @ 1.53 g/t Au) defined by 35 drill holes for a total of approximately 8,370 m.

Overall, given the relatively under drilled nature of each deposit and the understanding of structurally controlled and hosted orogenic gold deposit models, significant growth potential remains untested at depth and along strike.

Discovery-Stage Projects

QV Property and Chris Creek Target

The Chris Creek target forms a 2.2 km+ long east-northeast trending gold-in-soil anomaly, located approximately 9 km northwest of the VG deposit and appears to be similar geochemically to the Company’s VG and Golden Saddle deposits. The anomaly was originally identified in 2023 and follow-up exploration work early in the 2024 field season included infill and extension soil sampling, rock sampling, and 2D inversions of ground VLF-EM survey lines.

A maiden 2024 diamond drill program at Chris Creek identified a broad zone of gold mineralization dipping moderately (30°) to the NNW (see Company press release dated February 27, 2025). The geological features of Chris Creek closely resemble those of the Golden Saddle and VG deposits, all of which remain open for expansion. At Golden Saddle and VG, gold is hosted within brittle-ductile fault zones, quartz vein breccias, and stockwork veining, like the structures seen at Chris Creek. Initial rock sampling results suggest Chris Creek shares many of the same features as the Golden Saddle and VG deposits. The strong similarities between Chris Creek, which remains underexplored and open for expansion, and the established Golden Saddle and VG deposits, represent substantial potential for future discoveries within the Chris Creek system. With multiple mineralization styles (Au-Te-Ag, As-Sb, Mo-bearing quartz-carbonate veins, and skarn) across a large structural corridor, there is significant opportunity for continued geophysical surveys, trenching, and drilling to further define and expand the mineralized zones.

Betty Property

The Betty Property represents one of the Company’s most strategically positioned and geologically compelling discovery-stage assets in the White Gold District. Located along the eastern strike extension of the Coffee Creek Fault – the principal structural control on Fuerte Metals’s multi-million-ounce Coffee deposit – Betty occupies a highly prospective corridor between the Coffee gold deposit and Western Copper and Gold’s Casino porphyry system.

Drilling at the Betty Ford target which is located in close proximity to the Coffee Project has consistently returned broad zones of near-surface high grade gold mineralization hosted within polylithic breccia units along east-west splay structures related to the Coffee Creek Fault. Recent diamond drilling has delivered multiple significant intercepts including:

• 3.38 g/t Au over 53 m

• 2.96 g/t Au over 46.5 m including 5.03 g/t Au over 25 m

• 5.04 g/t Au over 20.85 m

• 3.46 g/t Au over 50 m

• 8.94 g/t Au over 18.29 m

Mineralization remains open for expansion, with gold traced approximately 175 m along strike and to 75 m vertical depth to date. The scale and consistency of near-surface mineralization suggest strong potential for a bulk-tonnage style system with room for expansion.

Beyond Betty Ford, the property hosts multiple additional high-priority targets including Betty Ford West, Mascot, Black Betty, and Betty White East – each defined by strong gold-in-soil anomalies and structural controls along the Coffee Creek Fault corridor.

The Betty Property offers exposure to multiple deposit styles including orogenic gold, intrusion-related gold systems, and porphyry copper-gold mineralization, positioning it as a potential new district-scale discovery opportunity within the Company’s broader land package.

Vertigo Target

The Vertigo target, located on the JP Ross property approximately 75 km south of Dawson City, represents an advanced discovery-stage gold system characterized by multiple mineralized structures over a 1.5 km by 650 m corridor.

Vertigo comprises at least six west-northwest striking, steeply south-dipping mineralized structures consisting of quartz veining, brecciation, and fracture-controlled sulphide mineralization including arsenopyrite, galena, and pyrite with locally visible gold.

Historical RAB and RC drilling has returned significant near-surface high-grade intercepts including:

• 23.44 g/t Au over 24.38 m from surface

• 9.46 g/t Au over 22.86 m from surface

• 14.23 g/t Au over 6.10 m

• 8.11 g/t Au over 18.29 m

More recently, diamond drilling confirmed the presence of broader bulk-tonnage style mineralization, including:

• 1.4 g/t Au over 58.4 m, including 9.10 g/t Au over 2.85 m and 6.68 g/t Au over 4.80 m

Structural reinterpretation has identified multiple vein arrays with varying orientations, suggesting previous drilling only partially tested the system. The target remains largely shallow-tested and open along strike and at depth. Given the combination of high-grade vein zones and emerging bulk-tonnage potential, Vertigo represents a compelling 2026 drill candidate with significant discovery upside.

Resources & Opportunities in the White Gold District

West-central Yukon is host to several highly prospective mineral districts, including the White Gold , Dawson Range , Klondike , and Sixtymile districts. The Klondike was the epicenter of the historic Klondike Gold Rush in 1896, with over 20 million ounces of placer gold production having occurred in the region since that time.

The Company’s property portfolio, which covers large portions of the White Gold District, was assembled by renowned prospector Shawn Ryan , and represents the largest contiguous claim package in the region.

Two other significant advanced-stage projects border the Company’s claims to the south:

• The Coffee Project , owned by Fuerte Metals with Measured and Indicated Resources of 80.0.2 Mt grading 1.15 g/t Au for 2.96 million ounces of gold, and Inferred Resources of 21.2 Mt grading 1.17 g/t Au for 0.80 million ounces gold ^{(2) (3)} . Fuerte recently announced a PEA and intentions to arrive at a construction decision in early 2027. Development of the Coffee project would enhance infrastructure in the district significantly also benefiting White Gold.

• The Casino Project , owned by Western Copper and Gold Corporation (TSX: WRN, NYSE: WRN), containing Measured and Indicated Resources of 2,490.7 Mt grading 0.18 g/t Au, 0.14% Cu for 14.8 million ounces of gold and 7.6 billion pounds of copper, and Inferred Resources of 1,412.5 Mt grading 0.14 g/t Au, 0.10% Cu for 6.3 million ounces of gold and 3.1 billion pounds of copper ⁽⁴⁾⁽³⁾

The region has also seen significant investment by major mining companies in recent years, and the Yukon is consistently highly ranked among the top global mining jurisdictions on the Fraser Institute’s Investment Attractiveness Index .

QA/QC

The diamond drilling on the White Gold Property consisted of NQII size drill core and was cut in half on site using a diamond saw. Analytical work on the half core was performed by Bureau Veritas, an internationally recognized analytical services provider, at its South Vancouver, British Columbia laboratory. Sample preparation was carried out at its Whitehorse, Yukon facility. All diamond drill core samples were prepared using the PRP70-250 package, where samples were weighed, dried, and crushed to greater than 70% passing a 2mm sieve, then pulverized to greater than 85% passing 75 microns. Samples were then analyzed in accordance with BV’s FA430 and MA250 packages, for both gold analysis by fire assay (30g fire assay with AAS finish) and ultra-trace multi-element ICP analysis (0.25g, 4 acid digestion and ICP-MS analysis).

The reported diamond drilling sampling program was completed using industry standard procedures, including a quality assurance/quality control (“QA/QC”) program consisting of insertion of standard, blank, and duplicate samples into the sample stream. BV also runs a comprehensive QA/QC program of standards, duplicates, and blanks within each sample stream.

Qualified Person

Steven Walsh, P.Geo. and Senior Geologist for the Company is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure of Mineral Projects and has reviewed and approved the content of this news release.

About White Gold Corp.

The Company owns a portfolio of 15,364 quartz claims across 21 properties covering 305,102 hectares (3,051 km ² ) representing approximately 40% of the Yukon’s emerging White Gold District. The Company’s flagship White Gold project hosts four near-surface gold deposits which collectively contain resource estimate of 1,732,300 ounces of gold in indicated resources (35.2 million tonnes grading 1.53 grams per tonne gold) and 1,265,900 ounces of gold in inferred resources (32.2 million tonnes grading 1.22 g/t Au) (see the Company’s news release dated October 6, 2025) ⁽¹⁾⁽⁵⁾ . Regional exploration work has also produced several other new discoveries and prospective targets on the Company’s claim packages which border sizable gold discoveries including the Coffee project owned by Fuerte Metals with Measured and Indicated Resources of 80.0.2 Mt grading 1.15 g/t Au for 2.96 million ounces of gold, and Inferred Resources of 21.2 Mt grading 1.17 g/t Au for 0.80 million ounces gold ⁽²⁾⁽³⁾ , and Western Copper and Gold Corporation’s Casino project which has Measured and Indicated Resources of 2,490.7 Mt grading 0.18 g/t Au, 0.14% Cu for 14.8 million ounces of gold and 7.6 billion pounds of copper, and Inferred Resources of 1,412.5 Mt grading 0.14 g/t Au, 0.10% Cu for 6.3 million ounces of gold and 3.1 billion pounds of copper ^((4)(3) . For more information visit www.whitegoldcorp.ca.

(1) A technical report to support the MRE for the White Gold project, prepared in accordance with NI 43-101, will be filed on SEDAR+ ( https://www.sedarplus.ca /) and the Company’s website ( https://www.whitegoldcorp.ca/ ) within 45 days of the issuance of this news release.

(2) See Fuerte Metals Corp. technical report titled “NI 43-101 Technical Report for the 2025 Mineral Resource Estimate Update on the Coffee Gold Project, Yukon, Canada”, Effective Date August 21, 2025, Report Date October 6, 2025, NI43-101 Compliant Technical Report prepared by Alan J. San Martin, P.Eng., Andy Holloway, P. Eng., Charley Murahwi, P.Geo., FAusIMM., available on SEDAR+

(3) The QP has been unable to verify the information. The information is not necessarily indicative to the mineralization on the properties that are subject of the disclosure

(4) See Western Copper and Gold Corporation technical report titled “Casino project, Form 43-101F1 Technical Report Feasibility Study, Yukon Canada”, Effective Date June 13, 2022, Issue Date August 8, 2022, NI 43-101 Compliant Technical Report prepared by Daniel Roth, PE, P.Eng., Mike Hester, F Aus IMM, John M. Marek, P.E., Laurie M. Tahija, MMSA-QP, Carl Schulze, P.Geo., Daniel Friedman, P.Eng., Scott Weston, P.Geo., available on SEDAR+.

(5) All numbers are rounded. Overall numbers may not be exact due to rounding

Cautionary Note Regarding Forward Looking Information

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “proposed”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, the Company’s objectives, goals and exploration activities conducted and proposed to be conducted at the Company’s properties; future growth potential of the Company, including whether any proposed exploration programs at any of the Company’s properties will be successful; exploration results; and future exploration plans and costs and financing availability.

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors, among other things, include:

The expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the White Gold properties; the receipt of all applicable regulatory approvals for the Offering; failure to identify any additional mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company’s properties; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlikelihood that properties that are explored are ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; ongoing uncertainties relating to the COVID-19 pandemic; and those factors described under the heading “Risks Factors” in the Company’s annual information form dated July 29, 2020 available on SEDAR+. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

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

For Further Information, Please Contact:

Contact Information:

David D’Onofrio
Chief Executive Officer
White Gold Corp.
(647) 930-1880
ir@whitegoldcorp.ca

Request Meeting: https://calendly.com/meet-with-wgo/15min

SOURCE: White Gold Corp.

View the original press release on ACCESS Newswire

HIGHLIGHTS

• Final assays from the 2025 Angilak Exploration Program at the Company’s 100%-owned Angilak Uranium Project, located in Nunavut, Canada (Figure 1), confirm high-grade uranium mineralization at the KU and Mushroom Lake Targets, as well as expansion of the J4/Ray zone mineralization beyond the 2024 Lac 50 Deposit Exploration Target area (Figure 2);

• Recently completed 3D MMT Inversion modeling (“3D Inversion”) across the Angilak Uranium Project – the 3D Inversion led to the successful discoveries across the Mineralized RIB Corridor, including the RIB North Discovery (See News Release) – highlighting an abundance of additional highly prospective exploration targets along the Mineralized RIB, Lac 50 Deposit, and KU-Nine Iron Corridors (Figure 2);

KU Discovery (KU-Nine Iron Corridor)

• Located within the 14 km long KU-Nine Iron Corridor, the Company completed a total of six diamond drillholes as part of the successful 2025 Angilak Exploration Program (the “Program”), intersected uranium mineralization on five of six holes;

• The widespread uranium mineralization identified at the KU Discovery area indicates a much larger mineralizing system is at play, vectoring towards high-priority targets identified by the 3D Inversion;

• The Program tested a prominent stacked EM and gravity anomaly located within the Angikuni Basin at the western margin of the KU-Nine Iron Corridor, resulting in the intersection of widespread uranium mineralization within the sandstone. After the completion of the 2025 Angilak Exploration Drill Program, the recent 3D Inversion has identified several large highly prospective anomalies along trend from the KU Discovery;

• Drilling results are highlighted by:

  • Drillhole KU-DD-001 (Figure 3), which intersected total composite mineralization¹ of 15.1 m, from 85.0 m down to a depth of 502.6 m. This includes a shallow interval of uranium mineralization from 85.0 m to 87.0 m containing high-grade mineralization² of 1.56% U₃O₈ over 0.5 m;

  • Drillholes KU-DD-003 (Figure 4) & ‘004 (Figure 5), both drilled along strike to the north of ‘001, intersected widespread uranium mineralization with 20.5 m of composite mineralization¹ from 178.0 m to 534.1 m, and 24.6 m of composite mineralization¹ from 478.3 m to 583.9 m, respectively;

Mushroom Lake (Lac 50 Deposit Corridor)

• Located within the 21 km long Lac 50 Deposit Corridor, outside of the Lac 50 Exploration Target area. The Company completed a total of two diamond drillholes, intersecting uranium mineralization over a 1 km strike length;

• The holes successfully tested the depth extent of uranium mineralization identified in outcrops over a 3 km strike;

• Drilling results are highlighted by:

  • Drillhole ML-DD-014 (Figure 6), which intersected total composite mineralization¹ of 2.5 m, from 335.3 m down to a depth of 364.2 m, including an intersection of high-grade mineralization² of 1.10% U₃O₈ over 0.5 m;

J4/Ray Zone (Lac 50 Deposit Corridor)

• Located within the 21 km long Lac 50 Deposit Corridor the Company completed one diamond drillhole which successfully intersected high-grade uranium mineralization expanding the footprint of mineralization beyond the Exploration Target area.

• Drilling results are highlighted by:

  • Drillhole J4R-DD-091 (Figure 7), which intersected total composite mineralization¹ of 5.6 m, from 42.4 m down to a depth of 570.2 m, including an intersection of high-grade mineralization² of 1.47% U₃O₈ over 0.5 m;

Troy Boisjoli, CEO commented: “The final assay results from ATHA’s 2025 Angilak Exploration Program – focused on derisking regional mineralized corridors across the Angilak Uranium Project – continue to demonstrate the robust metal endowment across the project. Over the last two years the Company has identified and systematically derisked three mineralized corridors across Angilak.

At the MRC, with only thirteen diamond drillholes, the Company has already made four discoveries across an 18 km strike which remains open and unconstrained, including RIB North, where the maiden hole is one of the best discovery holes in the uranium sector over the last number of years. When the results from the MRC are paired with those from the Lac 50 Deposit and the KU-Nine Iron Corridors, it starts to paint a picture of a potential uranium district. And speaks to ATHA’s ability to execute on exploration at scale. With our recent combined financing completed in January the Company is now fully capitalized, and ready to unlock Angilak’s potential over 2026.“

Cliff Revering, VP Exploration added: “The 2025 exploration campaign at Angilak delivered outstanding results, further demonstrating the significant potential of the project. Drilling reinforced the expansion upside of the J4/Ray zone mineralization within the Lac 50 deposit and led to the discovery of additional high-grade mineralization in the Mushroom Lake area. Importantly, the program also yielded new high-grade discoveries within both the KU and RIB regional target areas, underscoring the broader district-scale opportunity emerging across the Angikuni Basin.

These achievements underscore the effectiveness of ATHA’s disciplined and data-driven targeting strategy implemented since acquiring the project in early 2024. The 2025 success rate is a strong validation of our technical approach and speaks to the exceptional exploration upside that remains within this basin.

As we advance Angilak, each phase of work continues to demonstrate the scale, continuity, and exploration potential of this emerging uranium district. Ongoing technical programs aimed at refining and de-risking priority targets, combined with our successful financing completed in early 2026, position ATHA for a transformative and highly impactful 2026 exploration campaign.”

VANCOUVER,BC / ACCESS Newswire / February 26, 2026 / ATHA Energy Corp. (TSXV:SASK)(FRA:X5U)(OTCQB:SASKF) (“ATHA” or the “Company“), is pleased to announce final assays results from its successful 2025 Angilak Exploration Program at its 100%-owned Angilak Uranium Project in Nunavut, Canada (Figure 1). Today’s announcement details assay results for nine diamond drillholes completed along the Lac 50 Deposit Corridor and the KU-Nine Iron Corridor – assay results for thirteen diamond drillholes completed at the MRC were previously released (See November 20^th, and December 10^th, 2025, News Releases).

Along the Lac 50 Deposit Corridor (Figure 2) two areas outside of the Exploration Target were tested; at Mushroom Lake, two diamond drillholes were completed, successfully testing the depth extent of uranium mineralization identified in the 3 km long outcrop, intersecting uranium mineralization over a 1 km strike length. At the J4/Ray Zone, one drillhole was completed and successfully expanded the envelop of mineralization.

At the KU-Nine Iron Corridor (Figure 2), the Company successfully targeted the KU area where five of six drillholes intersected uranium mineralization. The Program tested a prominent stacked EM and gravity anomaly located within the Angikuni Basin at the western margin of the KU-Nine Iron Corridor, resulting in the intersection of widespread uranium mineralization within the sandstone and basement rocks. The widespread mineralization identified at the KU Discovery area indicates a much larger mineralizing system is at play, vectoring towards high-priority targets identified by the recently completed 3D Inversion.

The 2025 Angilak Exploration Program focused on highly prospective target areas along the three currently identified mineralized corridors:

1. Lac 50 Deposit Corridor: Located just outside the northern margin of the Angikuni Basin, the corridor is 21 km long, hosts the Lac 50 Deposit and remains open and unconstrained with numerous additional uranium showings. Drilling in 2025 focused on expansion of the mineralization envelope beyond the Exploration Target area, as well as discovery of mineralization at depth below the 3 km long Mushroom Lake mineralized outcrop.

3. Mineralized RIB Corridor: Located within the western edge of the Angikuni Basin, currently defined as 18 km long, where mineralization has been identified from the Historic RIB showing³ in the south through to an additional four showings discovered during the 2025 Angilak Exploration Program, including RIB North Discovery, where the maiden drillhole, RIBN-DD-001, returned assays with 34.7 m of total composite uranium mineralization¹, including 13.6 m grading 0.53% U₃O₈, 1.1 m grading 4.81% U₃O₈, and grades up to 8.16% U₃O₈ over 0.5 m.

Detailed lithologic striplogs, including assay results tables, for all nine drillholes can viewed in the Supplementary Release on ATHA Energy’s website (Striplog Data).

Figure 1: Angilak Uranium Project Location – Nunavut, Canada

Figure 2: Angilak Uranium Project – Black Rectangles Denote the Three Currently Defined Mineralized Corridors: Lac 50 Deposit, Mineralized RIB, and KU-Nine Iron Corridors

Figure 3: Striplog KU-DD-001 showing mineralized interval with composite uranium mineralization¹ with average grades – derived from assay samples.

Figure 4: Striplog KU-DD-003 showing mineralized interval with composite uranium mineralization¹ with average grades – derived from assay samples.

Figure 5: Striplog KU-DD-004 showing mineralized interval with composite uranium mineralization¹ with average grades – derived from assay samples.

Figure 6: Striplog ML-DD-014 showing mineralized interval with composite uranium mineralization¹ with average grades – derived from assay samples.

Figure 7: Striplog J4R-DD-091 showing mineralized interval with composite uranium mineralization¹ with average grades – derived from assay samples.

Table 1: 2025 Angilak Exploration Program Drill Collar Information

Hole ID	Trend	Zone	Azimuth (°)	Dip (°)	Easting (mE)	Northing (mN)	Elevation (m)	Final Depth (m)
KU-DD-001	RIB-Nine Iron	KU Target	30	70	515830	6936190	256.5	599
J4R-DD-091	Lac 50	J4/Ray	25	57	522295	6938558	218	650
RIBE-DD-001	RIB-Nine Iron	RIB East	145	-55	497928	6929449	270	443
RIBE-DD-002	RIB-Nine Iron	RIB East	145	-55	497766	6929322	271	345
RIBE-DD-003	RIB-Nine Iron	RIB East	145	-63	497524	6929337	271	398
RIBE-DD-004	RIB-Nine Iron	RIB East	145	-60	497404	6920180	271	428
RIBE-DD-005	RIB-Nine Iron	RIB East	155	-65	497530	6929401	270	472
RIBE-DD-006	RIB-Nine Iron	RIB East	145	-60	497670	6929501	273	491
RIBE-DD-007	RIB-Nine Iron	RIB East	325	-50	497798	6929101	274	467
RIBE-DD-008	RIB-Nine Iron	RIB East	325	-55	498284	6929287	264	464
RIBW-DD-001	RIB-Nine Iron	RIB West	150	-50	495831	6929490	274	503
RIBW-DD-002	RIB-Nine Iron	RIB West	145	-55	497766	6929322	271	380
RIBW-DD-003	RIB-Nine Iron	RIB West	325	-55	497645	6930031	275	347
RIBN-DD-001	RIB-Nine Iron	RIB North	300	-65	499574	6929887	261	623
RIBS-DD-001	RIB-Nine Iron	RIB South	150	-50	495747	6927640	277.5	377
KU-DD-002	RIB-Nine Iron	KU Target	30	-70	515525	6936210	251	616
KU-DD-003	RIB-Nine Iron	KU Target	30	-70	515758	6936059	268.5	56
KU-DD-003A	RIB-Nine Iron	KU Target	30	-68	515758	6936059	268.5	605
KU-DD-004	RIB-Nine Iron	KU Target	30	-60	515757	695641	255	602
KU-DD-005	RIB-Nine Iron	KU Target	210	-70	515980	6935734	256	302
KU-DD-006	RIB-Nine Iron	KU Target	30	-70	514794	6935805	275	647
ML-DD-013	Lac 50	ML Target	25	-50	523968	6939404	215	551
ML-DD-014	Lac 50	ML Target	25	-50	524869	6939109	206	407

Assay Samples

^1.Composite mineralization is calculated using a 0.01% U₃O₈ cutoff with a maximum internal dilution of 1.5 m.

²The Company considers high-grade mineralization to be any interval over 1% U₃O₈.

All drill intercepts are core width and true thickness is yet to be determined.

Core samples are submitted to the Saskatchewan Research Council (SRC) Geoanalytical Laboratories in Saskatoon. The SRC facility is ISO/IEC 17025:2005 accredited by the Standards Council of Canada (scope of accreditation #537). The samples are analyzed for a multi-element suite using partial and total digestion inductively coupled plasma methods, for boron by Na2O2 fusion, and for uranium by fluorimetry.

References for Historic Diamond Drilling Results and Surficial Sampling

³For additional information regarding ATHA’s Angilak Project please refer to the Technical Report entitled “Technical Report on the Angilak Property, Nunavut, Canada” with an effective date of October 14, 2025, prepared by Matt Batty, MSc, P. Geo, who is a “qualified person” under NI 43-101, available under ATHA’s SEDAR+ profile at www.sedarplus.ca.

Qualified Person

The scientific and technical information contained in this news release have been reviewed and approved by Cliff Revering, P.Eng., Vice President, Exploration of ATHA, who is a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About ATHA Energy

ATHA Energy is a uranium mineral exploration Company focused on advancing exploration at scale at its flagship Angilak Project in southern Nunavut, where ATHA controls 100% of the Angikuni Basin. ATHA offers significant exposure to uranium discovery, controlling the largest cumulative prospective exploration land package (>7 million acres) across Canada’s most prominent basins for uranium discoveries, and 10% carried interest exposure in key Athabasca Basin exploration projects operated by NexGen Energy Ltd. (TSX: NXE) and IsoEnergy Ltd. (TSX: ISO). ATHA is institutionally backed, led by a strategic investment from Queens Road Capital Investment (TSX: QRC).

For more information visit www.athaenergy.com and review ATHA’s company profile on SEDAR+ at www.sedarplus.ca.

On Behalf of the Board of Directors

Troy Boisjoli, CEO, ATHA Energy Corp

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

For more information, please contact:

Troy Boisjoli
Chief Executive Officer
Email: info@athaenergy.com
Website: www.athaenergy.com
Phone: 1-(236)-521-0526

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. These forward-looking statements or information may relate to ATHA’s proposed exploration program, including statements with respect to the expected benefits of ATHA’s proposed exploration program, any results that may be derived from ATHA’s proposed exploration program, the timing, scope, nature, breadth and other information related to ATHA’s proposed exploration program, any results that may be derived from the diversification of ATHA’s portfolio, the prospects of ATHA’s projects, including mineral resources estimates and mineralization of each project, the prospects of ATHA’s business plans and any expectations with respect to defining mineral resources or mineral reserves on any of ATHA’s projects, and any expectation with respect to any permitting, development or other work that may be required to bring any of the projects into development or production.

Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, assumptions that the anticipated benefits of ATHA’s proposed exploration program will be realized, that no additional permit or licenses will be required in connection with ATHA’s exploration programs, the ability of ATHA to complete its exploration activities as currently expected and on the current anticipated timelines, including ATHA’s proposed exploration program, that ATHA will be able to execute on its current plans, that ATHA’s proposed explorations will yield results as expected, and that general business and economic conditions will not change in a material adverse manner. Although ATHA has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Such statements represent the current view of ATHA with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by ATHA, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include, but are not limited to the following: inability of ATHA to realize the benefits anticipated from the exploration and drilling targets described herein or elsewhere; in ability of ATHA to complete current exploration plans as presently anticipated or at all; inability for ATHA to economically realize on the benefits, if any, derived from the exploration program; failure to complete business plans as it currently anticipated; overdiversification of ATHA’s portfolio; failure to realize on benefits, if any, of a diversified portfolio; unanticipated changes in market price for ATHA shares; changes to ATHA’s current and future business and exploration plans and the strategic alternatives available thereto; growth prospects and outlook of the business of ATHA; and the ability to advance the Company projects and its proposed exploration program; risks inherent in mineral exploration including risks related worker safety, weather and other natural occurrences, accidents, availability of personnel and equipment, and other factors; aboriginal title; failure to obtain regulatory and permitting approvals; no known mineral resources/reserves; reliance on key management and other personnel; competition; changes in laws and regulations; uninsurable risks; delays in governmental and other approvals, community relations; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions in Canada, Australia and other jurisdictions where ATHA conducts business. Other factors which could materially affect such forward-looking information are described in the filings of ATHA with the Canadian securities regulators which are available on ATHA’s profile on SEDAR+ at www.sedarplus.ca. ATHA does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE: ATHA Energy Corp

View the original press release on ACCESS Newswire