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CSE: MLM

OTCQB: MLMLF

FRA: W2Z

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McFarlane Lake Mining

McFarlane Lake Mining Limited (“McFarlane” or the “Company”) is a publicly traded Canadian gold exploration company focused on advancing its flagship Juby Gold Project, located near Gowganda, Ontario, within the prolific Abitibi Greenstone Belt.

The Juby Project hosts a current (effective September 29, 2025) NI 43-101 compliant Mineral Resource Estimate (MRE)

  • 1.01 million ounces of gold in the Indicated category, grading 0.98 g/t gold (31.74 million tonnes)
  • 3.17 million ounces of gold in the Inferred category, grading 0.89 g/t gold (109.48 million tonnes)

Calculated using a long-term gold price of US$2,500 per ounce and applying cut-off grades of 0.25 g/t gold (open pit) and 1.85 g/t gold (underground).

A sensitivity analysis completed at a higher gold price of US$3,750 per ounce demonstrates additional upside, with:

  • 1.20 million ounces Indicated, grading 0.94 g/t gold (39.51 million tonnes)
  • 4.23 million ounces Inferred, grading 0.85 g/t gold (154.50 million tonnes)
    Calculated using cut-off grades of 0.25 g/t gold (open pit) and 1.15 g/t gold (underground).

The independent MRE was prepared by BBA E&C Inc. in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The supporting technical report will be filed on SEDAR+ within 45 days of the Company’s public announcement.

McFarlane is currently advancing exploration drilling and technical studies at Juby to further define and expand this large-scale gold system on its path toward potential development.

In addition to Juby, McFarlane holds a portfolio of 100%-owned gold assets across Ontario and including:

  • Past-producing McMillan Gold Mine and Mongowin properties, approximately 70 kilometres west of Sudbury, Ontario.
  • Michaud/Munro properties, situated 115 kilometres east of Timmins.

McFarlane Lake Mining Limited is a reporting issuer in Ontario, British Columbia, and Alberta.

Readers are cautioned to refer to the “Cautionary Statement on Mineral Resources” and all other disclaimers included in this news release for important information regarding the limitations and verification status of the data presented herein.