Announcement • Jul 22
Perseverance Metals Commences Summer 2026 Drill Program At Lac Gayot Project and Provides Update on Voyageur Drill Program in Michigan Perseverance Metals Inc. has commenced the summer 2026 drill program at the Lac Gayot project in the James Bay region of Québec, Canada. The highly fertile Venus East Trend of the project, identified in 2024 and 2025 as having high potential to host significant accumulations of near-surface, high-grade, Ni-Cu-Co-PGE mineralization will be the primary focus area of this year's program. The 2026 drill program at Lac Gayot aims to build off the success of the 2025 campaign by vectoring towards new nickel sulphide discoveries and expanding known lenses. The early summer ground geophysical and prospecting programs have already led to significant new surface discoveries, including new massive nickel sulphide zones and numerous new target areas within key stratigraphy of the Venus East trend that are now planned for drill testing. The 2026 drill program will focus on areas in the Venus East Trend where nickel sulphide-mineralized ultramafic stratigraphy has interacted with high volumes of sulphide-bearing exhalative units. This approach continues to test the Company's geological hypothesis that the direct interaction of these two zones has the highest potential to yield significant volumes of nickel sulphide mineralization, advancing the Company's goal of discovering large, potentially economic lenses. The 2026 program will include: 1. A minimum 5,000 metre drill program on the previously discovered Baseline, Nasique, Macaque, Babouin and other Ni-Cu-Co-PGE zones in the now six-kilometre-long Venus East Trend. 2. Additional drilling of new surface mineralized zones identified through prospecting. 3. Direct follow-up of high-conviction conductive anomalies from ground and airborne EM surveys. 4. Further vectoring towards high-conductivity targets at depth through borehole EM survey. 5. Prospecting and excavating new and known areas as highlighted by new ground EM data. The Company is also providing an update on the inaugural drill program at its Voyageur Ni-Cu-Co-PGE project in the Upper Peninsula of Michigan, previously announced on June 1, 2026. While the start of drilling has been temporarily delayed due to challenges in finalizing equipment delivery, the rig has now been mobilized to site and testing of the Company's first, top-priority target is scheduled to begin this week. The technical and geological information pertaining to Lac Gayot contained in this news release has been reviewed, verified and approved by Hugues Guérin-Tremblay, P. Geo (OGQ #1584), who is recognized as a Qualified Person under the guidelines of National Instrument 43-101. M. Guérin-Tremblay has read and approved the technical contents of this news release. Mr. Guérin-Tremblay is a geologist consultant with Laurentia Exploration who is responsible for the exploration work on the Gayot property. As Laurentia performs executes the exploration programs on behalf of the company, Mr. Guérin-Tremblay is not considered independent. Announcement • Jun 26
Perseverance Metals Inc. Announces Appointment of Isabelle Cadieux as Independent Director, Effective June 25, 2026 Perseverance Metals Inc. announced that its Board of Directors has appointed Isabelle Cadieux as an Independent Director, effective immediately. Ms. Cadieux has over 35 years of experience in mineral exploration and the mining sector in both technical and financial roles, including serving for over 20 years as the Managing Director, Investment at SIDEX - a Qubec institutional fund focused on exploration-stage companies in the province. Prior to SIDEX, Ms. Cadieux's global mineral exploration experience included positions with AGIP Canada, AREVA S.A, and Channel Resources among others, giving her deep knowledge in a wide range of ore deposit types and mineral commodities. Ms. Cadieux leadership skills are exemplified by her previous volunteer roles including serving as: i) the President of the Ordre des Gologues du Qubec (OGQ) in 2008; ii) a member of the Board of Directors of the OGQ from 2005 to 2010; iii) Director of the Canadian Council of Professional Geoscientists from 2007 to 2011 where she represented the OGQ, and; iv) a member of the Executive Committee of the UQAT-UQAM Chair in Mining Entrepreneurship from 2011 to 2016. Ms. Cadieux holds an M.Sc. in Mineral Exploration (MINEX) from McGill University and a B.Sc. in Geology from the University of Ottawa. In addition to her volunteer work, Ms. Cadieux has been involved in various sector-related organizations throughout her career, including the Qubec Mineral Exploration Association (AEMQ), the Canadian Institute of Mines and Metallurgy (CIM), Minalliance, and Mine d'Avenir among others. Announcement • Mar 24
Perseverance Metals Inc. announced that it has received CAD 8.215503 million in funding from Teck Resources Limited, NQ Investissement Minier, Altius Minerals Corporation On March 23, 2026, Perseverance Metals Inc. closed the transaction. The company issued 4,623,042 Québec flow-through units at CAD 1.02 per Québec FT Unit for gross proceeds of CAD 4,715,502.84 in it second and final tranche. Together with proceeds from the first tranche, the Company has raised total gross proceeds of CAD 8,215,489.84. The Second Tranche included investments from Teck Resources Limited ("Teck"), a leading Canadian resource company, NQ Investissement Minier ("NQIM"), a regional institutional mining investment fund, and Altius Minerals("Altius"), a diversified minerals royalty company. In connection with the Second Tranche, the Company paid cash commissions of CAD 18,830 to certain finders and issued 21,000 finder's warrants (the "Finder's Warrants"). Each Finder's Warrant entitles the holder thereof to purchase one Share at an exercise price of CAD 0.95 per Share for a period of 36 months from the date of issuance, subject to the Acceleration Clause. All securities issued pursuant to the Second Tranche are subject to a statutory hold period of four months and one day in accordance with applicable securities laws. The closing of the Second Tranche is subject to final approval of the TSXV. 
