Announcement • Jun 11
Decade Resources Ltd Provides Update on Exploration Plans for 2026 Decade Resources Ltd. is providing an update on its exploration plans for 2026. It is providing an update on 4 of its projects with intended exploration programs. The Company announces that it has received a drill permit from the Ministry of Mines pending an archaeological study on the area to be explored. The Company has contracted Knúcwmens leSxwixwéytemc Archaeology Services Ltd. To conduct this study. Once completed, the Company plans to start a drill program. The Bonaparte copper-gold property is located approximately 50km north of Kamloops, B.C., within the Kamloops Mining Division. The property consists of 3 mineral tenures (claims) covering 2,969.6 hectares. The main area of exploration for gold to date was called the Discovery area. The property has different target areas including: Cu/Au/Mo porphyry potential; Bulk-tonnage RIRGS target with high grade gold results in historic drilling, trenching, underground exploration; High grade gold-copper veins. Highlights of a grab sampling program in early 2025 include: 1,662 g/t Au and 0.88% Cu; 175.37 g/t Au and 2.267% Cu; 82.3 g/t Au and 1.548% Cu; 15.02 g/t Au and 5.902% Cu. The 2026 program will include testing IP anomalies that appear to start at approximately 300m depth and extend beyond 500m in depth as per a 43-101 report by R. Kemp. The Company plans a minimum of 3,000m of drilling consisting of 6 holes, each 500m in length. The first target area will be the anomaly beneath a small-mined zone in the NW corner of the claim block. In addition, soil sampling, geological mapping and rock sampling will be carried out to expand the known areas of mineralization. The Company announces that it has received a drill permit from the Ministry of Mine for the project. The property consists of 963.45 ha (9.63 square km). 70 km north of Stewart BC in the Skeena Mining Division. It is surrounded by Cu-Au deposits on three sides. It lies at the epicenter of one of the most prolific mineralized corridors on Earth - the Golden Triangle of northwestern British Columbia - directly adjacent to Seabridge Gold's Iron Cap and Newmont's Brucejack Mine, and along the same fault-controlled corridor that also hosts the Treaty Creek and Copper Belle deposits. The combined number of ounces of reported gold within 8 deposits situated in 3 directions around the North Mitchell Property (measured, indicated + inferred) is estimated at 201.67 million oz+/- The property has different target areas including: Cu/Au/Mo porphyry potential; High grade gold-silver in low sulphidation quartz stockworks similar to those at Brucejack lake. Highlights of 2025 assays for random grab sampling on in-situ quartz stockwork zones and intensely sericite altered volcanic rocks include: 116.9 g/t Au, 161 g/t Ag, 3.01% Pb and 5.6% Zn; 5.73 g/t Au and 12.74 g/t Ag; 3.7559 g/t Au and 11.19 g/t Ag. The 2026 program will include sampling and prospecting of all gossanous zones as well as further sampling to define the high-grade mineralization discovered in 2025. The Nobody Knows portion of the Terrace BC property consists of 1 mineral claim with a Sampling in the 2024 field season led to the discovery of the high-grade gold-silver-base metal bearing boulders associated with high arsenic, bismuth and cobalt values along a logging road in the SE portion of the claim. Exploration in the past month has resulted in collecting over 200 rock samples and silt samples in the area of the high grade gold bearing rocks. The 2026 program will include the following: Soil sampling along logging roads; Further silt sampling along streams in the float area; Rock sampling; VLF Em survey in area of boulders. Photo of recent rocks discovered showing deep pitting on exposed surface on left picture and little pitting on broken surface. Photo showing strong pyrite-arsenopyrite-chalcopyrite mineralization within the above rock. The Company now has drill permits on 4 of its projects including the Red Cliff, Nobody Knows, North Mitchell and Bonaparte on completion of the archaeological study. The Company plans to continue an aggressive exploration program on these properties to add shareholder value. Ed Kruchkowski, P.Geo., President of Decade Resources Ltd., is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this news release. New Risk • Jun 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.5m (US$9.71m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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$1.8m free cash flow). Earnings have declined by 54% per year over the past 5 years. 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 (CA$13.5m market cap, or US$9.71m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Mar 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$1.8m 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$1.8m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 54% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$16.9m market cap, or US$12.1m). 
