New Risk • Jun 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.2m (US$9.38m) 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$404k free cash flow). Shares are highly illiquid. Negative equity (-CA$2.2m). Earnings have declined by 4.9% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.2m market cap, or US$9.38m). Announcement • Jun 17
Petrolympic Provides Update on 2026 Winter Exploration Program on Rayon D'or and Vauquelin Property in Val-D'or, Quebec Petrolympic carried out Magnetic and Induced Polarization Resistivity (Mag-IP) surveys along 9.50 km on a grid basis (Grid 3) west side of Gueguen Lake. A dipole-dipole electrode array was used to locate the western extension of the mineralized structures hosting the Rayon d'Or deposit and other subparallel structures. The data collected during this survey indicate the presence of numerous NW-SE structures locally intersected by NE structures. This Grid 3 survey represents an extension of the grids that were previously covered in 2022 (Grid 1) and 2023 (Grid 2). These surveys were designed to identify favorable geological settings and geophysical anomalies that could highlight mineralized structures, lenses, or bodies which may represent prospective targets for follow-up work. The 2026 geophysical campaign has allowed Petrolympic to extend mineralized structures detected during previous surveys up to the western limit of the Property. The structural context of the Vauquelin Property, comprising several mineralized deformation corridors, is favorable to the presence of gold, as evidenced by the gold mineralization previously defined by drilling on the Rayon d'Or gold zones. In the northern sector of the Property, a northwest-trending IP anomaly was detected on four lines during the survey and represents a mineralized structure extending over 800 m. A future drilling campaign will investigate the gold potential of this extensive structure. In the Rayon d'Or area, a previous IP survey demonstrated that this gold bearing zone is associated with a resistivity anomaly. During the 2026 survey, a similar anomaly was detected towards west on lines 20W and 22W and corresponds to the western extension of the Rayon d'Or structures. The Rayon d'Or gold zone is composed of several gold bearing structures oriented NW-SE and defined by drilling over a distance of 150 m. The most significant values obtained at shallow depth were: 12.74 g/t Au over 3.96 m (DDH 1), 3.83 g/t Au over 3.08 m (DDH 6W-C-5) and 3.37 g/t Au over 3.44 m (DDH V-89-75). The southeast continuity of that gold bearing structure was confirmed by hole VAU-23-10, which returned an intersection of 2.40 g/t Au over 8.1 m, including 6.25 g/t Au over 3.0 m. The IP anomalies detected on the lines west of Rayon d'Or confirm the continuity of these structures for approximately 800 m up to the western boundary of the Property. The southeastward extension of these mineralized structures was demonstrated during previous IP surveys under and east of Lac Gueguen, with a distribution of numerous subparallel IP anomalies in these areas over distances exceeding 2.5 km. The additional extension of these structures over another 3 km should be confirmed in the eastern half of the Property during the upcoming planned IP surveys (Grids 4 and 5), which will cover the southeastern extension of the deformation corridor up to the eastern boundary of the Property. Moreover, several IP anomalies were also detected south of Rayon d'Or, confirming the westward continuity of the mineralized structures identified in these areas during previous surveys. One of these anomalies was previously tested with diamond drill hole VAU-23-3 which returned an intersection of 0.52 g/t Au over 3.0 m, including 5.48 g/t Au over 1.0 m and another located more to the south returned in hole VAU-23-16 an intersection of 0.41 g/t Au over 5.0 m. Most drill holes that have previously investigated IP anomalies have returned gold values over significant widths. Therefore, all IP anomalies detected during this and previous surveys represent targets of interest and may coincide with significant gold zones. A drilling program is in preparation and will be oriented on selected priority targets provided by IP Resistivity surveys (Grids 1 to 3) as well as on the lateral and depth extensions of the known Rayon d'Or gold mineralized structures. New Risk • Jun 02
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$404k 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$404k free cash flow). Negative equity (-CA$2.2m). Earnings have declined by 4.9% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$19.9m market cap, or US$14.3m). 
