Bekanntmachung • Mar 15
Heritage Mining Ltd Confirms Third Visible Gold Occurrence and Extends Drill Hole At Melba Project Heritage Mining Ltd. confirmed more Visible Gold in Core in sampled Diamond Drill hole ML3840-003 from 72.40m within an approximate ~8m shear zone at the Melba Mine Project with its ongoing diamond drill program. Visible Gold noted in core comprising of millimeter scale gold grains hosted in a sheared quartz veinlet within an ~ 8m interval that exhibits synformal folding and strong epidote-silica-chlorite alteration. The target zone is a sheared felsic volcaniclastic and conglomerate contact. Melba, located ~22km northeast from Kirkland Lake and 90km southeast of Timmins in Northeastern Ontario, Canada. The project is comprised of ~3,886Ha. Melba lies along the Ross Fault, which is a splay off of the Porcupine-Destor Fault Zone and is associated with development stage and historic producing gold mines: McEwen Mine (Grey Fox Mine, +1Moz Au) ~22km away, and the Ross Mine (+1Moz Au) ~16km away. Heritage Mining adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses. Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory. Drill core was boxed, covered and sealed at the drill rig site. Core boxes were labelled with the official drillhole name and identified in numerical sequence starting from beginning of the hole to the end. Wooden blocks with the corresponding down hole meterage were inserted after every drill run. Drill core boxes were transported by drilling contactors to the onsite logging facility where Company personnel would take over the core handling. Sampling, Sub-sampling, and Laboratory Analysis for Heritage Mining Melba Project. All drilling at the Melba project recovers NQ core. Drill core is systematically cut in half using a diamond saw. A qualified geologist examines the drill core, marking intervals for sampling and indicating the cutting line. Sample lengths are typically 1.0 metre, adjusted to a minimum length of 0.5 metre as necessary to respect lithological and/or mineralogical contacts and to isolate narrow veins or structures that may contain higher-grade mineralization. Technicians saw the core along the cutting lines determined by the geologist. One half of the core is retained as a witness sample, while the other half is submitted for analysis. Individual sample bags are securely sealed and placed into sealed rice bags, which are then clearly marked with their contents. Heritage Mining submits samples for gold determination by PhotonAssay to Paragon Geochemical - Timmins. Paragon operates under a commercial contract with Heritage Mining. Drill core samples are shipped to Paragon for sample preparation at their facilities in Timmins, Ontario. Paragon is an ISO/IEC 17025:2017 accredited laboratory for the PhotonAssay method in addition to a variety of diverse metal determination methods. Analytical Procedures The Paragon procedure for PhotonAssay involves lab applying preparation codes INV-SAM (sample logging via barcode), PREP-PKG (weigh, dry at 100C, crushing to 70% passing 2mm, riffle split ~500g into a PA jar and 250g for pulverization to 85% passing 75 micron) followed by analytical code Au-PA01 which is a non-destructive gold analysis method using high-energy X-rays with a gold detection range from 0.015 ppm to 350ppm. After gold assays are returned, Heritage then may choose to perform multi-element assays on selected samples based on the gold results first with Paragon. In these cases, an aliquot is taken from the previously prepared 250g split for analysis by 48MA-MS (4 acid digestion followed by multi-element ICP-MS analysis for a 48 element suite). The drill program design, QA/QC, and interpretation of results are performed by qualified persons employing a rigorous QA/QC program consistent with industry best practices. Standards and blanks account for a minimum of 10% of the samples, in addition to the laboratories’ internal quality assurance programs. Quality Control data are meticulously evaluated upon receipt from the laboratories for any failures. Appropriate corrective action is taken if assay results for standards and blanks fall outside allowed tolerances. All results disclosed by Heritage Mining have successfully passed the Company’s stringent quality control protocols. The Company does not recognize any factors of drilling, sampling, or recovery that could materially affect the accuracy or reliability of the assay data disclosed. The assay data disclosed in this press release have been verified by the Company’s Qualified Person against the original assay certificates. Heritage Mining notes that it has not completed any economic evaluations of its Melba Project, and the project does not currently have any resources or reserves. Bekanntmachung • Mar 05
Heritage Mining Ltd. announced that it expects to receive CAD 1.15 million in funding Heritage Mining Ltd. announces a non-brokered private placement to issue 18,750,000 FT shares of the company at a price of CAD 0.04 per FT share for gross proceeds of up to CAD 750,000 and 10,000,000 units of the company at a price of CAD 0.04 per unit for gross proceeds of up to CAD 400,000. for aggregate proceeds of CAD 1,150,000 on March 4, 2026. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at an exercise price of five cents per warrant share. Closing of the offering is expected to occur on or before March 31, 2026. The securities issued pursuant to the offering will be subject to a four-month hold period under applicable securities laws. In connection with the offering, certain finders may receive a cash fee and/or non-transferable finder warrants. Bekanntmachung • Feb 03
Heritage Mining Ltd. (CNSX:HML) entered a definitive asset purchase agreement to acquire twelve unpatented mining claims from DH Exploration Inc. for CAD 0.08 million. Heritage Mining Ltd. (CNSX:HML) entered a definitive asset purchase agreement to acquire twelve unpatented mining claims from DH Exploration Inc. for CAD 0.08 million on February 2, 2026. The consideration payable by Heritage to the Vendor for the Claims shall be 1,500,000 common shares in the capital of Heritage and CAD 0.03 million in cash to the Vendor over a 5 month period payable in equal CAD 5,000 monthly instalments, with the first instalment payable within two (2) Business days of signing of the Asset Purchase Agreement. Additionally, Heritage will grant the Vendor a 1% net smelter return royalty on the Claims on the date of the closing of the acquisition of the Claims.
Closing of the acquisition of the Claims is subject to customary conditions precedent for a transaction of this nature, including Heritage’s payment of all cash instalments and the approval of the Canadian Securities Exchange. Bekanntmachung • Jan 01
Heritage Mining Ltd. announced that it has received CAD 0.687801 million in funding On December 31, 2025, Heritage Mining Ltd. closed the transaction. The company issued 800,000 units at an issue price of CAD 0.025 for gross proceeds of CAD 20,000 and 2,214,286 flow-through units at an issue price of CAD 0.028 for gross proceeds of CAD 62,000.008 for aggregate proceeds of CAD 82,000.008 in its third and final tranche. Each warrant will entitle the holder to acquire one additional common share at an exercise price of CAD 0.05 for 60 months from the closing date of the offering. In connection with the closing of the third tranche, the company paid finders' fees to eligible finders consisting of CAD 3,140 in cash and 105,000 compensation unit warrants. Each compensation unit warrant will entitle the holder to acquire one common share and one warrant of the company at an exercise price of CAD 0.05 for a period of 60 months following the closing date. The company paid CAD 3,006 in cash as finder's fee and issued 139,500 compensation unit warrants in the second tranche. Directors of the company participated in the third tranche for 714,286 FT units for proceeds of CAD 20,000. A finder's fee equal to 1% cash compensation on the number of units or FT shares, as applicable, issued pursuant to a president's list the offering may be payable on certain orders in accordance with Canadian Securities Exchange rules. The securities issued pursuant to the offering will be subject to a four-month hold period under applicable securities laws. Bekanntmachung • Nov 20
Heritage Mining Ltd. announced that it expects to receive CAD 0.81 million in funding Heritage Mining Ltd. announces a non brokered private placement to issue 10,000,000 Units of the Company at a price of CAD 0.025 per Unit, for aggregate gross proceeds of up to CAD 250,000, and up to 20,000,000 FT Units of the Company at a price of CAD 0.028 per FT Unit, for aggregate gross proceeds of up to CAD 560,000 for aggregate proceeds of CAD 810,000 on November 19, 2025. Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant. Each FT Unit will consist of one Common Share which will qualify as a flow-through share and one Warrant. Closing of the Offering is expected to occur on or around November 28, 2025. Bekanntmachung • Sep 30
Heritage Mining Ltd., Annual General Meeting, Dec 03, 2025 Heritage Mining Ltd., Annual General Meeting, Dec 03, 2025. Bekanntmachung • Sep 13
Heritage Mining Ltd. Plans Aggressive Program At Zone 3 Extension Mega-Quartz Vein System At Its Flagship Drayton-Black Lake Project Heritage Mining Ltd. announced an exploration update on Zone 3 Extension Mega-Quartz Vein System at its Drayton-Black Lake Project ("DBL"). Which has confirmed broad gold zone within a newly discovered ~74m wide quartz vein system (true width unknown) associated with a magnetic anomaly that extends for 4km along strike length and is up to 200m in width. DBL Exploration Program Highlights: Aggressive Soil/Till Orientation Survey over Zone 3 Extension Area; Follow-up Soil/Till Survey - success based on Orientation Survey expected Fourth Quarter 2025; Outcrop/Vein stripping permit received above HML25-013; Initiate a structural Study of the Mega-Quartz Vein system; Diamond Drilling Q4, 2025/Q1 2026. discussion of Exploration Program: The purpose of the soil and till program is to Rapidly evaluation the newly identified Zone 3 Extension - Mega Quartz Vein Structure as well as a broader evaluation of Alcona, Zone 10, Zone 3, and New Millennium with a terrain-aware B-horizon program. Bias sampling toward stable, well-drained eluvial-illuvial positions where podzolic Bf/Bh horizons preserve pathfinder chemistry. The Company has received a stripping permit for the area above HML25-013 along the newly identified Zone 3 Extension- Mega Quartz Vein Structure. Stripping this area with follow on sampling and structural evaluations are planned for the Company's 2025 Exploration program at DBL. The result of this program is to further evaluate the structural discovery at surface to better prioritize further targeting methods. Additional scout diamond drilling is planned for the 2025 exploration program at the newly identified Zone 3 Extension -- Mega Quartz Vein Structure. Following the completion of Soil/Till Program and Stripping and Structural Evaluation the Company intends to commence scout drilling with additional data. The Company may initiate the scout drilling program earlier depending on additional internal evaluation. Results: The discovery of a broad gold zone in the newly identified Zone 3 Extension ' Mega Quartz Vein Structurewarrants additional systemic exploration to further develop discovery model. Technical Program: Heritage Mining adheres to a strict QA/QC protocol for handling, sampling, sample transportation and analyses. Chain-of-custody protocols are designed to ensure security of samples until their delivery at the laboratory. Sampling, Sub-sampling, and Laboratory Analysis for Heritage Mining Drayton Black Lake Project All drilling at the Drayton Black Lake project recovers NQ core. Drill core is systematically split in half using a diamond saw. ALS operates under a commercial contract with Heritage Mining. Drill core samples are shipped to ALS for sample preparation at their facilities in Thunderbay Ontario. Quality Assurance/Quality Control (QA/QC) The drill program design, QA/QC, and interpretation of results are performed by qualified persons employing a rigorous QA/QC program consistent with industry best practices. Appropriate corrective action is taken if appropriate for the drilling program. Bekanntmachung • Aug 16
Heritage Mining Ltd. announced that it has received CAD 0.63657 million in funding On August 15, 2025, Heritage Mining Ltd. closed the transaction. The company announced that it has issued 500,000 units at an issue price of CAD 0.035 per unit for gross proceeds of CAD 17,500 in final tranche. The Company paid an aggregate CAD 44,560 in cash commissions and issued an aggregate 1,273,140 compensation options (the “Compensation Options”) in connection with the Offering. Each Compensation Option entitles the holder to acquire one additional Unit at a price of CAD 0.035 for a period of 36 months following the date of issuance. Bekanntmachung • May 15
Heritage Mining Ltd. announced that it has received CAD 0.15 million in funding On May 14, 2025, Heritage Mining Ltd. has closed the transaction. The company announced that, it has closed private placement consisting of 3,000,000 FT Units at a price of CAD 0.05 per FT Unit for gross proceeds of CAD 150,000 to a strategic investor. The Company paid an aggregate CAD 12,000.00 in cash commissions and issued an aggregate 240,000 compensation options (the “Compensation Options”) in connection with the Offering. Each Compensation Option entitles the holder to acquire one additional Unit at a price of CAD 0.05 for a period of 36 months following the date of issuance. Bekanntmachung • May 08
Heritage Mining Ltd. announced that it expects to receive CAD 0.15 million in funding Heritage Mining Ltd. announced a non-brokered private placement of 3,000,000 flow-through units at a price of CAD 0.05 per unit for the gross proceeds of CAD 150,000 on May 7, 2025. Each FT Unit consists of one flow through common share and one warrant with each FT Unit Warrant entitling the holder to purchase one common share at an exercise price of CAD 0.10 for a period of 60 months from issuance. Closing of the Offering is expected to occur on or around May 14, 2025. The offering is subject to all customary approvals. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. Bekanntmachung • Apr 23
Heritage Mining Ltd. announced that it has received CAD 1.0285 million in funding On April 22, 2025, Heritage Mining Ltd. closed the transaction. The company issued 3,650,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 182,500 and 1,000,000 flow-through units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 50,000 for the aggregate gross proceeds of up to CAD 232,500 in its final tranche. The company raised total gross proceeds of up to CAD 1,028,500 from the Offering. The Company paid an aggregate CAD 1,450 in cash commissions and issued an aggregate of 28,000 compensation warrants in connection with the third tranche. Bekanntmachung • Mar 09
Heritage Mining Ltd. announced that it expects to receive CAD 1.375 million in funding Heritage Mining Ltd. announced a non-brokered private placement of up to 13,750,000 Units of the Company at a price of CAD 0.05 per Unit, for aggregate gross proceeds of up to CAD 687,500, and up to 13,750,000 FT Units of the Company at a price of CAD 0.05 per FT Unit, for aggregate gross proceeds of up to CAD 687,500 for the total gross proceeds of CAD 1,375,000 on March 7, 2025. Each Unit will consist of one common share in the capital of the company and one Common Share purchase warrant. Each FT Unit will consist of one Common Share which will qualify as a “flow-through share” as defined in subsection 66(15) of the Income Tax Act and one Warrant. Each Warrant will entitle the holder to acquire one Common Share at an exercise price of CAD 0.10 per Warrant Share. Closing of the Offering is expected to occur on or around March 27, 2025. The Offering is subject to all customary approvals. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. In connection with the Offering, certain finders may receive a cash fee and/or nontransferable finder warrants. Bekanntmachung • Jan 07
Heritage Mining Ltd. Announces Board of Director Changes Heritage Mining Ltd. announced the appointment of Thomas Reid to the Companys board of directors . Mr. Reid will be succeeding James Fairbairn, who has retired from the Board with immediate effect. Mr. Reid recently retired after a 30 year career with Sun Life Financial (Sun Life) include terms as CFO Canada and Head of Corporate Development. Since joining Sun Life Financial in 1994, Tom has held increasingly senior positions throughout Sun Life in the areas of Finance, Corporate Development, Public Relations and Investor Relations. From 2009 to 2020, Mr. Reid led the Group Retirement Services business at Sun Life, growing the assets under management from $30 billion to $130 billion in that time. For the last 4 years, Tom was responsible for the Strategy and Growth team for Sun Life in Canada, where his team led strategic planning for the Canadian businesses and explored how Sun Life can invest in new businesses to accelerate the Companys growth in Canada. Mr. Reid also holds the CPA,CA designations. Bekanntmachung • Oct 31
Stillwater Critical Minerals Corp. Amends Agreement with Heritage Mining with Respect to Drayton-Black Lake Gold Project in Ontario Stillwater Critical Minerals Corp. announced that it has agreed to amend certain terms in the Option Agreement signed with Heritage Mining Ltd. on November 25, 2021, as amended on December 29, 2023, for total consideration of three million additional units of Heritage Mining. The amendment modifies certain financial and operational obligations of Heritage contained in the Option Agreement. First Option Exploration Expenditures: The deadline for Heritage to incur the final $1,000,000 in exploration expenditures, required to exercise the first option to earn a 51% interest in the Drayton-Black Lake gold project, has been extended to January 25, 2025, from November 25, 2024 (the "First Option Extension"). Total Qualifying Expenditures: The deadline for Heritage to incur the $5,000,000 in aggregate qualifying expenditures on the Drayton Black-Lake gold project, to exercise the second option to earn a 90% in the Drayton-Black Lake gold project, has been extended to the fifth anniversary of the Option Agreement from the fourth anniversary (the "Second Option Extension"). Equity Issuance Adjustments: As consideration for the First Option Extension and the Second Option Extension, Heritage will issue 3,000,000 units, each consisting of one common share and one share purchase warrant, exercisable to purchase an additional common share of Heritage at a price of $0.10 for a period of 36 months from the issuance date, on or before January 25, 2025. Other terms of the Option Agreement remain unchanged, including: A discovery payment of $1.00 per ounce of gold or gold equivalent shall be made on mineral resource estimates as filed from time-to-time on the Drayton-Black Lake gold project p and shall, in Heritage's discretion, be paid in cash or shares (or a combination thereof), capped at a maximum of $10 million. Upon completion of the earn-in to 90% by Heritage, Stillwater will retain a 10% free carried interest in the Drayton-Black Lake project, with Heritage being responsible for all project costs until completion by Heritage of a positive feasibility study supported by a technical report prepared in accordance with NI 43-101 on the project (the "FS"). The Option Agreement provides for the formation of a Joint Venture ("JV") based on the then legal and beneficial ownership levels in the Drayton-Black Lake gold project following completion of the FS. A JV may also be formed in the event Heritage does not complete the requirements of the Second Option Extension. Heritage will be required to maintain minimum exploration and development expenditures of $500,000 per annum until the completion of the FS in order to maintain status as operator of the JV. Stillwater maintains certain back-in rights in the event Heritage does not meet minimum expenditure requirements. Bekanntmachung • Oct 16
Heritage Mining Ltd. announced that it has received CAD 1.313 million in funding On October 15, 2024, Heritage Mining Ltd. has closed the transaction. Bekanntmachung • Sep 26
Heritage Mining Identifies Intrusion-Related Mineralization At Zone 3 Heritage Mining Ltd. provided an update of its 2024 drilling program at the Zone 3 prospect, at its flagship Drayton-Black Lake project ("DBL"). Highlights: Drilling at Zone 3 has identified intrusion-related gold mineralization; a new style of gold mineralization not historically recognized at Drayton-Black Lake Project . Quartz - sulphide veins are associated with the gold mineralization at Zone 3, locally multi-meter wide veins cutting both the granitoid and metavolcanic rock types Intrusion-related gold mineralization provides potential for large-tonnage, bulk mineable gold deposits at Drayton-Black Lake. Brett Davis, advisor to Heritage, is undertaking an in-depth review of DBL exploration results since inception including in field. Zone 3 is situated about the favorable contact zone between a granitic intrusion (Lake of the Bays Batholith) and mafic metavolcanic rocks of the Sioux Lookout Greenstone Belt. Gold mineralization occurs in both rock types but is predominantly hosted within granite. The granite is a quartz-feldspar-biotite body overprinted by well-developed tectonic foliation and is at least 30 km across in plan-view (Ontario Provincial geologic map). Heritages' recent drill program tested only a 200m strike length of the contact zone. Drilling intersected K- feldspar pegmatitic dykes cutting predominantly through the granite but are also present, albeit less prevalently, in the mafic metavolcanic host rock adjacent to the batholith. These pegmatitic dykes form a sheeted array across the batholith contact with the mafic host-rocks and are somewhat similar in appearance to the granite. Fracturing of rheologically favourable pegmatite dykes, including along pegmatite-dyke contacts, has localised deposition of quartz-dominated vein suites in the fracture-permeability network. These quartz veins are associated with the sulphide and gold mineralization at Zone 3 and are centimeter to multi-meter in scale. This recent round of drilling successfully confirmed intrusion-related style gold mineralization at the Company's Drayton-Black Lake project, an important new discovery. The Project area has potential for large- tonnage deposit through the discovery of this previously unrecognized style of gold mineralization and importantly confirms Heritages' exploration program and strategy are effectively executed. The Company proposes to undertake tight-spaced ground magnetic and IP surveys to define the favorable granitoid- metavolcanic contact and zones of disseminated sulphides in quartz veins. These data will be instrumental in the design and execution of further drill programs at DBL. Bekanntmachung • Sep 23
Heritage Mining Ltd. announced that it expects to receive CAD 1.313 million in funding Heritage Mining Ltd. announced a non-brokered private placement that it will issue up to 10,000,000 units of the Company at a price of CAD 0.05 per Unit for aggregate gross proceeds of up to CAD 500,000 and 16,260,000 Flow-Through Shares of the Company at a price of CAD 0.05 per FT Share for aggregate proceeds of up to CAD 813,000 for the total aggregate gross proceeds of up to CAD 1,313,000 on September 23, 2024. Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant will entitle the holder to acquire one Common Share at an exercise price of CAD 0.10 per Warrant Share on that date that is 36 months from the closing date of the Offering. Closing of the Offering is expected to occur as soon as practicable and prior to October 7, 2024 and is subject to all customary approvals. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder warrants. A Finder’s Fee equal to 6% cash and compensation warrant equal to 6% of the number of Units or FT Shares, as applicable, issued pursuant to the Offering may be payable on certain orders in accordance with CSE rules. New Risk • Sep 08
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.7m free cash flow). Share price has been highly volatile over the past 3 months (43% average weekly change). Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€2.47m market cap, or US$2.74m). Bekanntmachung • Sep 03
Heritage Mining Ltd., Annual General Meeting, Nov 19, 2024 Heritage Mining Ltd., Annual General Meeting, Nov 19, 2024. New Risk • Jun 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 69% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (47% average weekly change). Earnings have declined by 55% per year over the past 5 years. Shareholders have been substantially diluted in the past year (69% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€2.89m market cap, or US$3.09m). Recent Insider Transactions • Jun 23
CEO, President & Director recently sold €81k worth of stock On the 17th of June, Hermann Schloo sold around 2m shares on-market at roughly €0.034 per share. This transaction amounted to 51% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Hermann has been a net seller over the last 12 months, reducing personal holdings by €31k. Bekanntmachung • Jun 19
Heritage Mining Ltd. announced that it has received CAD 0.75 million in funding On June 17, 2024, Heritage Mining Ltd., closed the transaction. The transaction included participation from Peter Schloo, President, CEO and Director of the company for CAD 121,500. Bekanntmachung • Jun 14
Heritage Mining Ltd. announced that it expects to receive CAD 0.75 million in funding Heritage Mining Ltd. announced a non-brokered private placement to issue 10,000,000 units at an issue price of CAD 0.05 per Unit, for aggregate gross proceeds of up to CAD 500,000 and 4,166,666 Flow-Through units at an issue price of CAD 0.06 per FT Unit, for aggregate proceeds of up to CAD 249,999.96; aggregate gross proceeds of CAD 749,999.96 on June 12, 2024. Each Unit and FT Unit will consist of one common share and one Common Share purchase warrant. Each Warrant will entitle the holder to acquire one Common Share at an exercise price of CAD 0.075 per Warrant Share n that date that is 36 months from the closing date of the Offering. Closing of the Offering is expected to occur as soon as practicable and prior to June 28, 2024 and is subject to all customary approvals. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder warrants. New Risk • May 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.9m free cash flow). Share price has been highly volatile over the past 3 months (50% average weekly change). Earnings have declined by 55% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€2.14m market cap, or US$2.32m). New Risk • Jan 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 68% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (44% average weekly change). Share price has been highly volatile over the past 3 months (44% average weekly change). Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€1.52m market cap, or US$1.65m). Bekanntmachung • Jan 16
Heritage Mining Ltd. announced that it has received CAD 0.439 million in funding On January 15, 2024, Heritage Mining Ltd., closed the transaction. The company issued 8,780,000 units at a price of CAD 0.05 per unit for the gross proceeds on CAD 439,000. As a part of the transaction, the company paid an aggregate CAD 1,600.00 in cash commissions and issued an aggregate of 32,000 compensation option. New Risk • Nov 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.7m free cash flow). Share price has been highly volatile over the past 3 months (39% average weekly change). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€1.47m market cap, or US$1.61m). New Risk • Nov 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 52% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (39% average weekly change). Shareholders have been substantially diluted in the past year (52% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€1.62m market cap, or US$1.78m). Bekanntmachung • Oct 26
Heritage Mining Ltd. Announces Field Program Results for Its Contact Bay Property as of October 24, 2023 Heritage Mining Ltd. announced the field program results for its Contact Bay property (Contact Bay) as of October 24, 2023, a wholly owned exploration project located 12 kilometers south-southwest of the town of Dryden in Ontario. The Company has also entered into an asset purchase agreement dated September 19, 2023 to acquire two unpatented mining claims in Ontario (the Mining Claims) within the Contact Bay Project (Anderson Area) in exchange for the issuance of 100,000 common shares in the capital of the Company (the "Transaction"). Highlights: Nabish Lake Area - Confirmed economic Cu and Ni mineralization up to 1.9% Cu and 0.4% Ni across several kilometers of the Nabish Lake mafic-ultramafic intrusion; New Cu mineralization area discovered; Rognon Mine Area - Confirmed high grade gold mineralization across 2km potential shear zone; Package expansion (Anderson Claims); All areas easily accessible with year-round access. Nabish Lake Area (Cu-Ni-PGE Target Area): Field observations and historical results indicate potential for Cu-Ni-PGE type mineralization over several kilometers of Nabish Lake mafic -ultramafic intrusion. Significant chalcopyrite, pyrrhotite, magnetite and pyrite mineralization are associated with an ultramafic mafic-ultramAFic intrusion. Out of 25 samples taken, 7 return anomalous to economic grade Cu mineralization and 5 samples returned anomalous to economic grade Ni mineralization. New Mineralization Area grabs returning up to 0.20% copper will be an area of interest in future programs. Rognon Mine Area (Au Target Area): Shear zone/quartz vein hosted lode gold type mineralization targeted by historic workings over an approximately 2 kilometer strike length. Three historic mine shafts, numerous pits and trenches and tailings were located by the field team (Contact Bay Mine, Rognon Mine and Wachman Mine). A total of 12 grab samples were collected from this area, and 10 out of 12 samples hosted anomalous gold up to 3.86g/t Au. Anderson Area: Exploration at this site has previously located multiple historic workings of over 350 meters of exposed shear zone hosted quartz veining. Shearing is associated with the geological contact between mafic volcanic and ultramafic rock. Significant sulfide mineralization (pyrite, chalcopyrite, Pyrrhotite) and hydrothermal alteration minerals have been identified at both locations. Bekanntmachung • Oct 25
Heritage Mining Ltd. (CNSX:HML) entered into an asset purchase agreement to acquire Two Unpatented Mining Claims in Ontario within the Contact Bay Project for CAD 0.01 million. Heritage Mining Ltd. (CNSX:HML) entered into an asset purchase agreement to acquire Two Unpatented Mining Claims in Ontario within the Contact Bay Project for CAD 0.01 million on September 19, 2023. Heritage Mining will issue 0.1 million common shares as a consideration. The anticipated closing of the Transaction is expected to occur on Tuesday, October 31, 2023. Bekanntmachung • Oct 18
Heritage Mining Intersects Multiple High-Grade Au-Ag Intervals from Surface to Shallow Depths in Each of Holes 1 Through 6 Drilled in Alcona Area Heritage Mining Ltd. announced drill results (holes 1-6) from its Phase 1, 2023 program in the Alcona Area at its flagship Drayton-Black Lake Project ("DBL Project"). The drill program totaled 2,208m of NQ2 diamond drill core in 9 holes within the Alcona Area (holes 7, 8 and 17 pending). Alcona Area Drill Program Highlights: Multiple significant Au-Ag intersections within broad anomalous zones in each hole (1 to 6) ~1km strike length and ~145m vertical depth confirmed by current drill results. Highest drill intersection ever recorded: HML23-004: 19.45 g/t Au and 62.10 g/t Ag over 1.05m from 177.90m, contained in a 15m anomalous zone with a weighted average grade of 1.48 g/t Au from 174m to 189m. HML23-001: 1.26g/t Au over 2.15m from 38.35m, 1.54 g/t Au and 5.17 g/t Ag over 1.50m from 45.00m, These intersections are part of an 8.15m anomalous zone with a weighted average grade of 0.68 g/t Au from 38.35m to 45.55m. Note: HML23-001 confirmed at surface via prospecting "Delaney Vein" (15.35 g/t Au and 163 g/t Ag and 16.5 g/t Au and 29.9 g/t Ag surface grabs, Figure 2) proving Alcona area geological modeling. HML23-002: 9.14 g/t Au and 30.63 Ag over 1.00m incl. 15.2 g/t Au and 50.70 Ag over 0.50m, This intersection is part of a 11.40m anomalous zone with a weighted average grade of 0.86 g/t Au from 30.70m to 42.10m. HML23-003: 1.34 g/t Au over 1.30m from 5.7m, 5.32 g/t Au and 11.85 g/t Ag over 0.65m from 11.85m, These intersections are part of a 6.8m anomalous zone with a weighted average grade of 0.77 g/t Au from 5.70m to 12.50m. HML23-004: 1.81 g/t Au over 1.00m from 65m, 1.96 g/t Au and 3.51 g/t Ag over 2.90m from 70.60m including 4.81 g/t Au and 8.05 g/t Ag over 0.50m, These intersections are part of a 8.50m anomalous zone with a weighted average grade of 0.91 g/t Au from 65.00m to 73.50m, 19.45 g/t Au and 62.10 g/t Ag over 1.05m from 177.90m. These intersections are part of a 15.00m anomalous zone with a weighted average grade of 1.48 g/t Au from 174m to 189m. HML23-005: 5.75 g/t Au and 30.41 g/t Ag over 1.35m from 70.30m incl. 9.75 g/t Au and 53.30 g/t Ag over 0.75m. These intersections are part of a 10.40m anomalous zone with a weighted average grade of 0.79 g/t Au from 70.30m to 80.70m. Bekanntmachung • Sep 21
Heritage Mining Ltd. Announces Field Program Completed at Contact Bay and DBL Update Heritage Mining Ltd. announced the field program at the Contact Bay Property ("Contact Bay") has been completed ahead of schedule and under budget. The Company is now in process of prioritizing additional targets at its Drayton-Black Lake Project ("DBL Project") to capitalize on remaining time in the field season with mobilization as early as next week. The Company's active drill program at its DBL Project remains encouraging. While assays are pending, multiple intervals (within each hole) of mineralized veining have been identified in the Alcona Area containing sulfide mineralization frequently associated with gold mineralization. Program Highlights: Contact Bay. Field program completed ahead of schedules and under budget. Drayton-Black Lake. Additional priority target workup capacity, specific target areas to be announced in short order. Drill program - encouraging mineralization, assays pending. Multiple shear zones located across the property, two of which confirmed to have historical workings over several hundred meters strike length. Sulfide mineralization and alteration have been identified in shear zones property wide. Numerous samples have been collected at historic mine infrastructure as well as newly identified hydrothermal corridors, assays pending. Rognon Mine Area: Shear zone/quartz vein hosted lode gold type mineralization targeted by historic workings over 2km strike length. Three historic mine shafts, numerous pits and trenches, tailings located by the field team (Contact Bay Mine, Rognon Mine and Wachman Mine). Samples taken along strike, assays pending. Anderson Area: Located multiple historic workings over 350m of exposed shear zone hosted quartz veining. A parallel shear zone found at highway outcrop 800m to the west may indicate an extension of the deformation corridor. Shearing is associated with the geological contact between mafic volcanic and ultramafic rock. Significant sulfide mineralization (pyrite, chalcopyrite, pyrrhotite) and hydrothermal alteration minerals identified at both locations. Historical assays from trenches and pits on Anderson claims include 0.11, 0.12, 0.14, and 0.15, 0.26 ounce gold per ton. Nabish Lake: Results from historic trenching and recent field observations indicate potential for Cu-Ni-PGE type mineralization over several kilometers of strike. Significant chalcopyrite, Pyrrhotite, magnetite and pyrite mineralization are associated with an ultramafic horizon. Historic sampling includes more than 3% Ni & 4% Cu mineralization (May 11, 2010 - J Bong felt). Copper has been reported in granodiorite, diorite, gabbro and intermediate volcanics (Kenora Assessment File 52F/10NW, F-4, Glatz, Alex - Nabish Lake). Bekanntmachung • Sep 15
Heritage Mining Ltd. Announces AZI Drilling Completes Its Drill Program At the Alcona Target Area and New Millenium Target Area Heritage Mining Ltd. announced AZI Drilling has completed its drill program at the Alcona Target Area and New Millenium Target Area and is now mobilizing to the Moretti Target Area ("Moretti") at its Drayton-Black Lake Project. The Company has mobilized its diamond drill program to Moretti from the New Millennium Area at its Drayton- Black Lake Project located in Northwestern Ontario approximately 25km East of the town of Sioux Lookout by paved highway. The Phase 1 Drill Program previously announced on August 3, 3023 consisted of 3,600m of diamond drilling completed over the three priority target areas. As part of the Company's partnership with Mira Geoscience announced on July 20, 2023, Mira Geoscience has produced a geology model for Moretti's target areas giving the Company's exploration team a focused geophysical and structural understanding as planned to test numerous targets within the Phase 1 Drill Program at Moretti. Additional targets have been identified and have been incorporated into the program. Oriented core is used to assess structural geology that controls mineralization. Moretti Area: Mineralized deformation corridor over 2,500m of strike 500m wide consisting of discrete zones of deformed volcanic rocks and shear parallel quartz veins ranging from cm to meter scale. Qualified Person. Robert Scott, Exploration Manager for the Company, serves as a qualified person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has reviewed the scientific and technical information in this news release, approving the disclosure herein. Bekanntmachung • Sep 08
Heritage Mining Ltd., Annual General Meeting, Nov 16, 2023 Heritage Mining Ltd., Annual General Meeting, Nov 16, 2023. New Risk • Aug 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 64% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€1.91m market cap, or US$2.08m). Bekanntmachung • Aug 17
Heritage Mining Ltd. announced that it has received CAD 1.5 million in funding On August 15, 2023, Heritage Mining Ltd. closed the transaction. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Director Jim Fairbairn was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Bekanntmachung • May 25
Heritage Mining Ltd. Announces Corporate and Exploration Update Heritage Mining Ltd. announced significant advancements in the first few weeks of its fully permitted Phase 1 exploration drilling program at the Drayton Black Lake project (the Project), located near Sioux Lookout, Ontario. The Project is located within Eagle-Wabigoon-Manitou greenstone belt of the Wabigoon Subprovince, which also hosts the Treasury Metals Inc. Goliath-Goldlund deposits. Exploration Update: New Millennium Area (never Drilled): At least three mineralized deformation corridors consisting of multiple discrete zones of deformed volcanic rocks and shear parallel quartz veins. A 5m wide orogenic load gold style sheeted quartz veins identified in the hanging and foot wall was identified on the first day of mapping at the Project. Pyrite, Chalcopyrite, and Galena observed in the vein system, similar to New Millennium veins sampled to the north. Grab sample assays pending. The Company has also secured a contractor to clear a trail to the New Millennium Area for proposed drilling by months end, weather permitting. Alcona Area: Mineralized deformation corridor over 1,000 m (up to 200 m wide) consisting of multiple discrete zones of Deformed volcanic rocks and Shear parallel quartz veins. The team confirmed significant galena, pyrite, chcopyrite and sphalerite associated with a 15m corridor of primary and secondary quartz veins at the Powerline Prospect (never drilled) which has been upgraded from proposed to drill ready-status. Peter Schloo, President, CEO and Director commented, The Powerline Prospect is a great window into the Alcona Area. This extension has never been drilled and is now a priority drill target with the potential of extending strike at depth. The access is fantastic, with logging active in the area, providing additional exploration upside. Moretti Area: Mineralized deformation Corridor over 2,500 m consisting of discrete zones of deformed volcanic rock and shear parallel quartz veins ranging from cm to meter scale. New Logging activities in the north eastern portion of the Property allow for improved access, ideal for prospecting and drilling over more than five historic mineral occurrences on the property inclusive of the advanced target, Moretti. Bekanntmachung • May 06
Heritage Mining Ltd. Provides Exploration Update Heritage Mining Ltd. looks forward to continuing to advance its planned exploration program on the Drayton-Black Lake project on schedule. The Company will provide additional updates in the near future. 
