Announcement • Jan 14

GT Resources Inc. Provides an Update on the Lantinen Koillismaa Copper - Nickel - Palladium - Platinum Project, Located in Northcentral Finland

GT Resources Inc. provided an update on the Lantinen Koillismaa ("LK") Copper - Nickel - Palladium - Platinum Project, located in northcentral Finland. Highlights. The Company has commenced an extensive assay infill and re-assay program for the Kaukau Zone of the existing LK deposit. Over 5,000 samples from across the Kaukua Zone are expected to be analysed to better define known mineralization. This work is being conducted in preparation for a potential Resource Update and Preliminary Economic Assessment ("PEA"). Background. LK is the Company's most advanced project having an existing NI43-101 Palladium - Platinum - Copper dominated open pit Resource Estimate as follows: Indicated Resources: 1.1 Million ounces Total Precious Metals (Palladium + Platinum + Gold) ("TMP"), 111 Million pounds of Copper., 92 Million pounds of Nickel, contained in 38.2 million tonnes. Inferred Resources: 1.1 million ounces TMP, 173 Million Pounds Copper, 152 Million Pounds Nickel, contained in 49.7 million tonnes. The LK project remains open for expansion laterally and at depth, notably along the 17-km long Haukiaho Trend. The historic drill programs did not sample 100% of the drill core, and potential remains to identify additional in pit resources. A total of ~500 infill samples are being collected and will be submitted for analysis. The primary focus of the program is to produce a homogenous assay database at Kaukua with all samples analysed using the same analytical techniques. Historic drill programs used the "Aqua Regia" digestion method. Aqua Regia is a partial digestion method which covers the total nickel grade as it only digests sulphide hosted nickel. The majority of the drill hole samples at Kaukua were completed by the Company and were analysed with the "Four Acid" digestion method which provides a more complete digestion of the sample and representation of total nickel grade. All the Metallurgical testing by the Company and the Net Smelter Return ("NSR") calculation used in the 2022 Mineral Resource Estimate assumed all samples were analysed using the Four Acid digestion method. This resulted in a two-fold effect: it under reported total nickel grades and secondly applied an unnecessarily harsh nickel recovery to historic drill holes. Re-assaying historic samples analysed by Aqua Regia was one of the recommendations from the 2022 technical report. A total of 4,600 drill core pulps are being collected and will be submit for analysis. Once these results have been compiled and analyzed on the Kaukua Zone the re-assay program may be extended to the Haukiaho Zone which has an even larger proportion of historic drill holes. Resource Expansion Potential. The 17-kilometer long Haukiaho trend represents the nearest term expansion potential. The Haukiaho Deposit currently occupies only 2 kilometers of this trend. Historic drilling along this trend, primarily by Outokumpu in the 1960's was only sampled for copper and nickel, partial resampling of historic drill core by the Company in 2022 returned significant platinum and palladium grades.

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GT Resources Inc. Provides an Update on the Lantinen Koillismaa Copper - Nickel - Palladium - Platinum Project, Located in Northcentral Finland

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