McFarlane intersects 155 m of 0.59 g/t Au

TORONTO, June 22, 2026 (GLOBE NEWSWIRE) -- McFarlane Lake Mining Limited (“ McFarlane ” or the “ Company ”) (CSE: MLM, OTC: MLMLF, FRA: W2Z) is pleased to announce further results from its diamond drilling exploration campaign being conducted on its 100%-owned Juby Gold Project , located west of Gowganda, Ontario, within the southern part of the “ Abitibi Greenstone Belt ”. Drilling was initiated on the property in December 2025, commencing at 826 Zone, and is now at the Golden Lake Zone (see Figure 1). Highlights The Golden Lake Deposit continues to grow by demonstrating scale and continuity of gold mineralization, extending the mineralized envelope south of and below the current resource pit shell (see Figure 2).

Drilling has now increased mineralization on the western side of the deposit, confirming a broader and more continuous gold-bearing system than previously defined (See Tables 1 and 2 for drill intercepts). Additional wide intercepts expand mineralization to the west: Hole GL26-84 intersected 155 m of 0.59 g/t Gold (“Au”), including 75.8 metres (“m”) of 0.70 g/t Au , that includes 3.0 m of 1.91 g/t Au and 3.5 m of 1.80 g/t Au . Hole GL26-85 intersected 92.7 m of 0.64 g/t Au , including 4.8 m of 3.37 g/t Au and 9.0 m of 1.58 g/t Au .

Continuity confirmed between prior holes: Hole GL26-77B , drilled between previously reported holes GL26-76 and GL26-78, returned 47.0 m of 0.70 g/t Au , including 13.1 m of 1.92 g/t Au , strengthening confidence in the continuity of mineralization (see Figure 3). Multiple catalysts remain pending: Additional holes at Golden Lake have been completed and are awaiting assays, while follow-up drilling has resumed at the 826 Zone after encouraging initial results. Mark Trevisiol, McFarlane’s CEO and Chairman, commented, “The continued extension of the mineralization envelope to the west is v