BGF Outlines Winter 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,” is pleased to announce 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:

“Past drill results, combined with the newly identified anomalies, justify a focused drilling and bulk sampling program to explore the structure believed to be the source of the region’s historical placer gold deposits.”

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 was central to 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 on-site 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.

The Company has submitted an “Autorisation pour travaux à impact” (ATI) application to Quebec’s Ministry of Natural Resources to secure drilling authorization. A drill rig will be mobilized promptly upon approval.

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.

About Beauce Gold Fields

Beauce Gold Fields is focused on exploring and developing the largest placer gold district in eastern North America. The Company’s objective is the trace old placer gold workings back to a bedrock source to uncover economic lode gold deposits.

The Company’s flagship property is the Saint-Simon-les-Mines Gold project, site of Canada’s first gold rush that pre-dates the Yukon Klondike.

The Beauce region hosted some of the largest historical placer gold mines in Eastern North America that were active from 1860s to the 1960s It produced some of the largest gold nuggets in Canadian mining history (50oz to 71oz). (Source Sedar: 43-101 Report – Beauce July 4th 2018, Author B. Violette)

Beauce Gold Fields is currently drilling recently discovered antiform systems that is believed to have contributed to the development of extensive auriferous placer deposits in Beauce. The Company’s geological model suggests that placer gold within the Beauce Gold paleochannel, including the renowned large nuggets from the 19th century, formed in stressed quartz pockets within layered domed Axis of Antiforms, exemplified by Saddle Reef formations. Notable global Saddle Reef formations include the Bendigo gold fields in Australia (over 60 million ounces) and the high-grade Dufferin deposit in Nova Scotia.