BGF Receives Authorization for Drill Campaign Along the Antiform Saddle Reef Structure

Montreal, Quebec — Beauce Gold Fields (Champs D’Or en Beauce) (TSX Venture: “BGF”), referred to as “BGF” or the “Company,” referred to as “BGF” or the “Company,” is pleased to announce it has received from Quebec’s Ministry of Natural Resources (MRNF) an ATI Authorization for its planned diamond drilling campaign and bulk sampling program targeting high-priority zones along the antiform Saddle Reef structure. This structure is identified as the likely source of historical placer gold deposits on the Beauce Gold property, located in southern Quebec.

Patrick Levasseur, President and CEO of Beauce Gold Fields, stated:

“We are excited and eager to start drilling and conduct bulk sampling on promising targets along the structure believed to be the source of the region’s historical placer gold deposits.”

The Company will mobilize a drill rig to commence the program this spring, followed by the mobilization of heavy equipment for the bulk sampling part of the program. The authorization for impact exploration work is valid for a period of two years, until April 1, 2027.

High-Priority Drill and Bulk Sampling Targets

The Company has selected targets based on its 2023 drilling and trenching program, which confirmed gold mineralization within the axis of a domed outcrop. Subsequent IP and geological studies have identified an 8 km-long antiform Saddle Reef structure. Geochemical studies suggest that this structure is the likely source of historical placer gold deposits in Saint-Simon-les-Mines to the southwest.

In this first phase, Beauce Gold Fields plans to drill seven holes, totaling 500 meters, across two key zones: the Giroux Zone and the Grondin Zone. Additional drilling phases will be planned based on results from these zones, as well as from IP Anomalies Three and Four (see BGF press release dated December 10, 2024).

Giroux Zone

• Location: At the headwaters of Giroux Brook, a tributary of the Gilbert River. This brook played a central role in 19th-century industrial-scale placer gold mining.
• Planned Activities:
  • A trench, 150 meters in length, will be excavated to expose mineralized zones where overlapping soil and IP anomalies suggest antiform structure signatures.
  • Two exploratory drill holes will be conducted, with additional holes planned based on field results.

Grondin Zone

• Location: In the northwest corner of the Beauce Gold property in Beauceville, Quebec.
• Details: This 600-meter-long section of the structure lies above drill hole GR 23-01, drilled in 2023 (BGF press releases: November 1, 2023, and January 18, 2024).
  • Findings from GR 23-01:
    • The drill hole crossed a 36-meter-long mineralized zone and intersected three distinct gold zones between depths of 11 and 24 meters.
    • One of the zones returned assays of 1 meter at 8.5 g/t and 5.4 g/t Au over 2.2 meters.
    • Mineralization is associated with stockwork containing sulfides and shows strong deformation, which led to core loss, particularly toward the end of drilling.
  • Planned Activities:
    • New holes will verify gold mineralization beyond a depth of 40 meters and test areas along the structure’s strike on either side of hole GR 23-01.

Jean Bernard, BSc, Geo, a qualified independent person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this release.

Non-brokered private placement

The Company will proceed with a non-brokered private placement of 7,500,000 units at $0.04 per unit for gross proceeds of $300,000.

Each unit will be comprised of one (1) common share and one common share purchase warrant of the company which will entitle the holder thereof to purchase one common share of the capital stock of the company at a price of $0.08 for a period of 24 months from the date of closing of the placement.

The placement is conditional upon the receipt of all necessary regulatory approvals, including the approval of the TSX Venture exchange. The proceeds of the offering will specifically be used for general corporate purposes.

The placement will be offered to accredited investors in accordance with applicable securities laws. In connection with the placement, the company may pay finders’ fees, as permitted by the policies of the exchange. Each share issued pursuant to the placement will have a mandatory four-month- and-one-day hold period from the date of closing of the placement. The company anticipates that insiders may subscribe for units and their participation could exceed 25 per cent of the offering.

No more than 10% of the proceeds of the placement can be used for Investor Relations Activities. No amount of the proceeds of the placement is for payments to Non-Arm’s length parties of the company nor for payments to persons conducting Investor Relations Activities.