Formation Metals drills 1.05 g/t Au over 31 m at N2 Gold; extends A-Zone 200 m west

Step-out confirms the A-Zone stays open and is laterally continuous toward the high-grade RJ corridor, with up to 8 km of strike to expand to Highlights: Formation's first step-out drilling beyond the established western boundary of the A-Zone returned the following key intercepts: N2-26-021: 1.05 g/t Au over 31 metres beginning at 243 metres downhole (203.8 metres vertical), including 1.89 g/t Au over 12 metres. The main interval correlates directly with the northern auriferous horizon in N2-25-004 (0.83 g/t Au over 40.4 metres), N2-25-009 (0.96 g/t Au over 21.7 metres) and N2-25-006 (0.67 g/t Au over 22.2 metres) confirming lateral continuity of the A-Zone, 200 metres to the west. N2-26-022 : 1.34 g/t Au over 12.5 metres beginning at 177.2 metres downhole (131.7 metres vertical), including 2.29 g/t Au over 6.9 metres.

The Company is undertaking a fully funded 75,000 metre drill program at its flagship N2 Gold Project in Quebec, host to a global historic resource of ~871,000 ounces comprised of 18 Mt grading 1.4 g/t Au (~810,000 oz Au) across four zones (A, East, RJ-East, and Central) 2,3 and 243 Kt grading 7.82 g/t Au (~61,000 oz Au) across the RJ zone 2,4 . Across the A-Zone, 84% of historical drillholes intercepted gold, reflecting a highly continuous, low-variability system that these step-outs are now extending 200 metres west. These holes sit in a near-surface corridor between the A-Zone and the high-grade RJ Zone (historical intercepts up to 51 g/t Au) that has seen almost no drilling.

Formation plans to continue to continue to step out aggressively to the west and test above and below N2-26-021 to N2-26-022 as part of its follow-up drilling with a focus of confirming continuity at shallower depths where the Company identified 0.91 g/t Au over 42.3 metres beginning at 9.9 metres vertical a