Announcement • Jul 10
Mont Royal Resources Ltd Commences Helicopter-Supported Till Sampling Survey Across Chateaufort Property Mont Royal Resources Ltd. planned to commence a helicopter-supported till sampling survey across the Chateaufort Property in Québec, Canada as part of the Summer Exploration Program and to satisfy annual minimum expenditure requirements at its Northern Lights Lithium and Gold Project in Québec, Canada. The survey is designed to assess gold potential through the use of gold-grain dispersion analysis in Quaternary deposits. The project area lies along strike from Benz Mining Corp’s Eastmain Gold Project in the Upper Eastmain Greenstone Belt. Approximately 60 till samples are to be collected via helicopter-supported survey across the northern Chateaufort Property. The survey is designed to assess gold potential using gold-grain dispersion analysis. The target area is located directly along strike from Benz Mining Corp’s Eastmain gold project (Mineral Resource of 1,005,000oz at 6.1g/t Au). Field work is expected to be completed in late July 2026, with preliminary HH-XRF and pebble count data expected in August 2026. IOS Géosciences inc. has proposed a till sampling survey to assess the potential for gold occurrences through the collection, processing and analysis of till samples, with the sampling grid designed to take account of topography, wetlands and regional ice-flow direction. The proposed programme comprises two sampling lines spaced approximately 1.5 to 2.0 kilometres apart, with samples planned approximately every 250 to 300 metres. Based on available Quaternary geological mapping and satellite imagery, approximately 60 samples are considered sufficient to cover the northern part of the Chateaufort Property. The mandate includes sampling grid design, field logistics, helicopter-supported sample collection, sample processing, gold-grain counting, handheld XRF analysis of the fine fraction, preparation and shipment of fine-fraction material for laboratory analysis and reporting suitable for assessment work requirements. Field work is scheduled to commence in mid-July 2026 and is expected to be completed within approximately 5-6 days, excluding mobilisation and demobilisation. Samples will be transported to Chicoutimi for processing, with preliminary HH-XRF and pebble count data expected in August 2026 and the full report, including gold-grain counts, expected in Third Quarter 2026 following receipt and approval of assay results. New Risk • Jun 20
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: -AU$8.3m 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 (-AU$8.3m free cash flow). Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m (AU$34k revenue, or US$24k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$26.9m market cap, or US$18.9m). New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 57% per year over the past 5 years. Revenue is less than US$1m (AU$37k revenue, or US$26k). Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$6.6m). Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (AU$26.9m market cap, or US$18.9m). 
