Recent Insider Transactions Derivative • Apr 30
President exercised options to buy CA$256k worth of stock. On the 24th of April, John Denbow exercised options to buy 6m shares at a strike price of around CA$0.10, costing a total of CA$568k. This transaction amounted to 14% of their direct individual holding at the time of the trade. Since December 2025, John's direct individual holding has increased from 35.50m shares to 39.50m. Company insiders have collectively bought CA$961k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Apr 16
Signature Resources Ltd Reports Drill Results and Extends Depth of North Gold Zone Signature Resources Ltd. announced the results for the diamond drillhole LM 25-03 which was part of the winter drill program east of the diabase dyke that was designed to test the depth extensions of the Lingman Lake deposit. Drilling encountered down dip extensions of all three zones known (South, Central and North) supporting the geologic model. LM 25-03 has successfully extended the depth of the North Zone by 249 meters. Signature has completed drilling six diamond drillholes and is 47% complete on the seventh diamond drillhole. To date 3,246 meters of drilling have been completed. Samples for diamond drillhole LM 25-04 and LM 25-05 have been prepared and delivered to SGS Burnaby and are pending assay results. The remainder of the drill program will be completed shortly and all the remaining core processed and samples shipped for assaying to the SGS Burnaby lab. LM 25-03 was drilled to a total depth of 545 meters at a dip of -55 degrees and was terminated after it intercepted the Leopard rock unit which is the footwall for the North Zone. LM 25-03 intercepted the three main modeled gold zones reinforcing the geological model. Assay results for LM 25-03 can be seen in Table 1. The South Zone was the narrowest intercept of 4 meters starting at drilling depth of 298 meters through 302 meters with an average grade of 0.36 g/t Au including 1 meter intercept of 1.11 g/t Au. The Central Zone was the widest intercept of 34 meters averaging 0.33 g/t Au including a 1 meter intercept grading 7.37 g/t Au. The North Zone was intercepted at 498 meters and continues for 22 meters and had an average grade of 0.57 g/t Au. Within the North Zone there is a 5 meter section with an average grade of 2.21 g/t Au. The drilling has successfully extended the known mineralization 249 meters deeper along the North Zone from diamond drillhole LM 24-06 that was drilled on the same section. These results warrant further exploration on this section testing the intervals between these two diamond drillholes. Table 1. Assay Results LM 25-03: South Zone Zone Avg 298 302 4 meters AVG 0.36 g/t Includes 300 301 1 meter 1.11 g/t Central Zone Zone Avg 415 450 34 meters AVG 0.33 g/t Includes 421 422 1 meter 0.98 g/t 423 424 1 meter 0.55 g/t 424 425 1 meter 0.32 g/t 447 448 1 meter 0.66 g/t 448 449 1 meter 7.37 g/t North Zone Zone Avg 498 520 22 meters AVG 0.57 g/t Includes 501 503 2 meters AVG 0.33 g/t 512 517 5 meters AVG 2.21 g/t LM 25-03 was drilled at azimuth 360 degrees, dip -55 degrees, Reported widths are drill intercepts (core lengths), Computer modeling of true widths is pending, North Zone strikes at 093 degrees, Central Zone strikes at 087 degrees, South Zone strikes at 082 degrees, All zones dip steeply south 70-80 degrees. New Risk • Apr 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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$3.8m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-CA$753k). Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.0m market cap, or US$8.68m). New Risk • Mar 27
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$3.8m 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$3.8m free cash flow). Negative equity (-CA$753k). Shareholders have been substantially diluted in the past year (62% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$10.8m market cap, or US$7.81m). Minor Risk Share price has been volatile over the past 3 months (19% average weekly change). New Risk • Mar 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$11.8m (US$8.67m) 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 Negative equity (-CA$1.9m). Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.8m market cap, or US$8.67m). Minor Risk Share price has been volatile over the past 3 months (19% average weekly change). Recent Insider Transactions Derivative • Feb 27
President exercised options to buy CA$200k worth of stock. On the 24th of February, John Denbow exercised options to buy 4m shares at a strike price of around CA$0.08, costing a total of CA$320k. This transaction amounted to 11% of their direct individual holding at the time of the trade. Since March 2025, John's direct individual holding has increased from 24.14m shares to 35.50m. Company insiders have collectively bought CA$343k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Feb 14
Signature Resources Ltd. Reports First Drill Results from Winter Drill Program Signature Resources Ltd. announced the results for the first two diamond drillholes ("DDH") from the winter drill program: LM 25-01 and LM 25-02. Both holes were designed to test the zones ~150 metre ("m") down dip on the eastern edge of the known resource mineralization. It is worth highlighting that diamond drill hole LM 25-04 has encountered an unexpected strong quartz-chlorite-carbonate vein breccia system with variable strong shearing and sulphide mineralization over 19 m. After reviewing the geophysics, this new anomaly coincides with a Very Low Frequency ("VLF") conductor which has a strike length of 1,700 m east-west and located approximately 250 m south of the historic drilling. The Company began its winter drill program in November of 2025 with eight DDH's planned for approximately 3,900 m of drilling. To date have completed 1,950 m of drilling. Following the holiday break, the company re-opened camp, completed restocking of supplies and delivery of fuel and restarted drilling on February 5th. The remainder of LM 25-03 has been delivered to SGS Red Lake to begin sample preparation and will be delivered to SGS Burnaby for assaying. As mentioned earlier, the first two diamond drill holes of the program were designed to test the eastern end of the zones at depth. Core logging and assay results support the geologic model which is encouraging for predictive vectoring of future drill holes. As with many high-grade gold systems, the results can be variable as these type systems pinch and swell. The company did encounter intercepts along the drill traces with broader mineralized results ranging from 0.10 to 3.33 grams per tonne of gold ("g/t Au"). The company wish to remind investors company program is small and very target oriented towards structural continuity, so grade fluctuations are to be expected. Until this program, there has been no systematic deep drilling along the mineralized corridor and company continue the geological interpretation of the results. exploration program is advancing with deep drilling on the central part of the system and to be followed by three holes planned to test the western extents of the system. Assay Results LM 25-011. The assay results ranged from 0.10 g/t Au to 0.96 g/t Au. The assay results range from 0.11 g/t Au to 3.33 g/t Au. Assay results LM 25-022. New Risk • Nov 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$1.9m). Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (CA$16.6m market cap, or US$11.8m). Announcement • Oct 31
Signature Resources Ltd. announced that it has received CAD 3.417835 million in funding On October 30, 2025, Signature Resources Ltd closed the transaction. The company issued 23,000,000 Charity flow through units at a price of CAD 0.077 for aggregate proceeds of CAD 1,771,000, 10,458,401 flow through units at a price of CAD 0.06 per unit for aggregate proceeds of CAD 627,504.06 and 18,533,298 Non flow through units at a price of CAD 0.055 per unit for aggregate proceeds of CAD 1,019,331.39 and total gross proceeds amounting to CAD 3,417,835.45. All securities issued pursuant to the Offering will be subject to a four-month hold period in accordance with applicable securities laws and TSX Venture Exchange policies. Announcement • Oct 23
Signature Resources Ltd., Annual General Meeting, Dec 05, 2025 Signature Resources Ltd., Annual General Meeting, Dec 05, 2025. Announcement • Sep 26
Signature Resources Ltd. announced that it expects to receive CAD 3 million in funding Signature Resources Ltd. a non-brokered private placement of flow through Units and non-flow-through Units for gross proceeds of up to CAD 3,000,000 on September 25, 2025. Each flow through Unit is being offered at CAD0.06 and is comprised of one share of common stock of the Company and one half of one Common Share purchase warrant. Each whole Warrant will be exercisable for one additional Common Share at a price of CAD0.10 per Warrant Share for a period of 12 months following the date of issuance. Each non flow through Unit is being offered at CAD0.055 per share and is comprised of one share of common stock of the Company and one half of one Common Share purchase warrant. Each whole Warrant will be exercisable for one additional Common Share at a price of CAD0.10 per Warrant Share for a period of 12 months following the date of issuance. All securities issued pursuant to this proposed private placement will be subject to the Exchange Hold Period and legend accordingly. It is anticipated that insiders will subscribe for at least 20% of the offering. New Risk • Jul 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$3.4m 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$3.4m free cash flow). Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-CA$1.1m). Earnings have declined by 0.04% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$12.5m market cap, or US$9.14m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Announcement • Mar 29
Signature Resources Ltd. announced that it has received CAD 1.4714 million in funding On March 28, 2025. Signature Resources Ltd. has closed the Transaction. it has issued 5.4 million flow-through shares and 24,028,000 non-flow-through units each priced at five cents for gross proceeds of to CAD 1,471,400. Finders' fees totalling CAD 2,540 will be paid as part of the offering. New Risk • Mar 02
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$963k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (48% average weekly change). Negative equity (-CA$963k). Earnings have declined by 6.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$5.95m market cap, or US$4.11m). Announcement • Feb 26
Signature Resources Ltd. announced that it expects to receive CAD 1 million in funding Signature Resources Ltd announced a non-brokered private placement of flow-through shares at an issue price of CAD 0.05 per share and non-flow-through shares at an issue price of CAD 0.05 per share for gross proceeds of up to CAD 1,000,000 on February 25, 2025. All securities issued pursuant to this proposed private placement will be subject to the exchange hold period and legend accordingly. It is anticipated that insiders will subscribe for at least 20% of the offering. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 39% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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$1.4m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (39% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.72m market cap, or US$2.60m). Announcement • Jan 13
Signature Resources Ltd. Provides an Update on Its 2024 Drill Program and Provide Assay Results for Diamond Drill Holes Lm 24-04, Lm 24-05 and Lm 24-06 Signature Resources Ltd. provided an update on its 2024 drill program and provide assay results for diamond drill holes LM 24-04, LM 24-05 and LM 24-06. Drilling so far has highlighted a larger halo of near surface mineralization that not been fully tested prior to the 2024 drill program. As previously announced, the Company's 2024 drill program consists of 14 DDH's for a total of approximately 4,650 metres of drilling. The drilling program was carefully designed to improve knowledge of the Lingman Lake gold deposit, fill identified data gaps and test new targets identified in updated geologic model completed earlier this year. The drill program includes continuous core assaying for the entire length of each hole, thereby providing total lithological gold distribution, giving a much more complete data package about the mineralization contained in and outside the mineralized zones. All new drilling information and assays will be incorporated into the database to expand and build the Lingman Lake deposit model. The company look forward to these results informing the resource modelling exercise currently underway. Announcement • Jul 02
Signature Resources Ltd., Annual General Meeting, Sep 06, 2024 Signature Resources Ltd., Annual General Meeting, Sep 06, 2024. New Risk • Jun 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 84% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-CA$832k). Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (84% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.93m market cap, or US$6.52m). Announcement • Jun 13
Signature Resources Ltd. announced that it has received CAD 2.102175 million in funding On June 12, 2024, Signature Resources Ltd., closed the transaction. The transaction has been oversubscribed. The company issued 10,900,000 flow-through shares and and 31,143,506 non-flow-through shares each priced at CAD 0.05 per share for the gross proceeds of CAD 2,102,175. All securities issued pursuant to the Offering will be subject to the Exchange Hold Period of four months and one day and legend accordingly. No finders fees will be paid as part of the Offering. Announcement • May 03
Signature Resources Ltd. announced that it expects to receive CAD 1 million in funding Signature Resources Ltd. announced a non-brokered private placement of flow-through shares at a price of CAD 0.05 per share and non flow-through shares at a price of CAD 0.045 per share for the gross proceeds of CAD 1,000,000 on May 1, 2024. All securities issued pursuant to this proposed private placement will be subject to the exchange hold period and legend accordingly. Over half of the Offering is expected to be subscribed for by members of the Company’s board of directors and management. New Risk • Mar 28
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$1.2m 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$1.2m free cash flow). Share price has been highly volatile over the past 3 months (41% average weekly change). Negative equity (-CA$540k). Earnings have declined by 27% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$6.40m market cap, or US$4.72m). Minor Risk Shareholders have been diluted in the past year (41% increase in shares outstanding). New Risk • Dec 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 94% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (34% average weekly change). Negative equity (-CA$889k). Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (94% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.74m market cap, or US$2.81m). Announcement • Sep 08
Signature Resources Ltd. Announces CFO Changes Signature Resources Ltd. announced that effective September 7, 2023 Rebecca Hudson will be appointed as Chief Financial Officer, to replace Donna McLean who has served as the Company's Chief Financial Officer since 2021.Ms. Hudson has 23 years' experience as a Chartered Professional Accountant having worked as a senior auditor with firms Grant Thornton LLP in Toronto, Canada, and PricewaterhouseCoopers in the Dominican Republic. She is currently the CFO of EV Minerals Corporation, Nova Mentis Life Science Corp., and a private drilling company, Andean Drilling Services Inc. Ms. Hudson also works as a consultant with Grove Corporate Services where she acts as Controller for several clients. She has held managerial positions at mining companies Xstrata, and Falconbridge, completed project-based work for IAMGOLD at its offices in Quito, Ecuador, and was the Controller of Royal Nickel Corporation, and Barkerville Gold Mines Ltd. Ms. Hudson formerly served as the CFO of TerrAscend Corp., Hornby Bay Mineral Exploration Ltd., Wabi Exploration Inc., Lithium One Inc., and Claim Post Resources Inc. Ms. Hudson has both her Bachelor of Arts and Master's Degrees from the School of Accountancy at the University of Waterloo. She is fluent in English and Spanish. Announcement • Jun 27
Signature Resources Ltd., Annual General Meeting, Sep 06, 2023 Signature Resources Ltd., Annual General Meeting, Sep 06, 2023. Announcement • Nov 16
Signature Resources Ltd. announced that it expects to receive CAD 0.8 million in funding Signature Resources Ltd. announced a non-brokered private placement of 8000,000 shares at a price of CAD 0.10 per share for gross proceeds of CAD 800,000 on November 15, 2022. The half of the transaction is expected to be subscribed for by members of the company's board of directors. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Stephen Timms is the most experienced director on the board, commencing their role in 2015. Independent Chairman of the Board Paolo Lostritto was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Aug 31
Signature Resources Expands Gold Mineralization with Ongoing Initial Resource Estimation Development Work Signature Resources Ltd. to update progress on its NI 43-101 initial resource estimation effort for the 100%-owned Lingman Lake Gold Project in northern Ontario, Canada. Further to the previously issued update, over the course of working with Wood Canada Limited ("Wood"), and Watts, Griffis, and McQuat Limited ("WGM"), the Company had identified a low-cost opportunity to capture additional data to increase the quantity and quality of the geologic knowledge of the deposit underpinning the development of an initial resource estimate via an enhanced sampling and assay program. As a result, the Company embarked on a campaign of the additional sampling and assaying of a limited number of drill holes between the existing high-grade gold shear zones ("Intra-Zone"). Out of 30 holes sampled, 7 holes have newly identified low-grade mineralization and a number of higher-grade shoots. Intercept widths ranged from 1.0 to 2.0 metres. These newly sampled intervals collectively aimed to: Identify gold mineralization between the previously identified zones where no assaying had been conducted historically. Collect and add new data to the geology database to aid and expand the geologic understanding and resource model. Demonstrate the potential for an expanded initial resource estimate by identifying the presence of a broader mineralized, near-surface, gold system beyond the extents of the existing high-grade zones. Improve the continuity of existing gold zones by filling gaps in the geologic database and resource model. In anticipation of future drilling at the Lingman Lake Project, the Company advanced the development of camp infrastructure during 2021. Much of the work done during that period provides a degree of insulation from rising costs and supply issues in the exploration sector. Onsite exploration work, including drilling, can be started in a timely manner. The Company has two 100%-owned diamond drills onsite along with an initial inventory of drilling consumables to support up to 10,000 metres of drilling. As the current drill extents of the Lingman Lake Project are shallow averaging about 200 metres downhole, a follow up drill program could capture an opportunity to materially grow the resource. Insiders have recently exercised options in support of the Company's continued efforts to add value to shareholders. Announcement • Jun 30
Signature Resources Provides A Progress Update on Its NI 43-101 Initial Resource Estimation Development Work Signature Resources Ltd. updated progress on its NI 43-101 initial resource estimation effort for 100%-owned Lingman Lake Gold Project in Ontario, Canada. Since engaging the services of Wood Canada Limited ("Wood"), formerly Amec Foster Wheeler, to complete the previously announced initial NI 43-101 mineral resource estimate for the Lingman Lake Gold Project, substantial work has been completed and has contributed to an improved understanding of the Lingman Lake deposit. Current activities include: Finalizing the compilation of the drill and assay database 3D geologic modelling and analysis Identification and analysis of gaps and opportunities to improve the completeness of the assay database to support geological interpretation and the resource estimate Engaging Watts, Griffis, and McQuat Limited ("WGM") to provide supplemental assistance and peer review with the initial resource Initial Resource Update. Resource estimation by its nature is an iterative process. The initial work has revealed areas requiring additional data to further improve the understanding of the Lingman Lake gold mineralization. Initial work has further indicated that a small portion of historical assays are not to NI 43- 101 standards. As a result of these recommendations, the Company is currently engaged in additional assay and site work intended to advance the initial resource estimation. Completion of this work is expected to allow the Company to publish an initial resource in H2/22. Signature expects that upon the completion of the initial resource estimate that it should have a strong technical plan for advancing a successive round of exploration that concurrently will aim to expand the resource envelope and address gaps within the current drill database; thus, supporting timely updates to the resource model. The emerging geological model is expected to ultimately serve to guide near-deposit exploration at the Lingman Lake Project and improve ability to prioritize the numerous regional exploration targets along the 32-kilometre Lingman trend. Poised for Further Shallow Pit Resource Expansion. In anticipation of future drilling at Lingman Lake, the Company advanced the development of camp infrastructure during 2021. Much of the work done during that period provides a degree of insulation from rising costs and supply issues in the exploration sector. Onsite exploration work, including drilling, can be started in a timely manner. The Company has two 100%-owned diamond drills onsite along with an initial inventory of drilling consumables to support up to 10,000 metres of drilling. As the current drill extents of the Lingman Lake Project are shallow averaging about 200 metres downhole, a follow-up drill program provides an opportunity to grow the resource. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Stephen Timms is the most experienced director on the board, commencing their role in 2015. Independent Chairman of the Board Paolo Lostritto was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 02
Signature Resources Ltd., Annual General Meeting, May 26, 2022 Signature Resources Ltd., Annual General Meeting, May 26, 2022. Announcement • Feb 27
Signature Resources Ltd. announced that it has received CAD 2 million in funding On February 25, 2022, Signature Resources Ltd. closed the transaction. The company amended the transaction and received CAD 2,000,000. The non-brokered private placement will consist of both flow-through shares at the price of CAD 0.07 per share and non-flow-through shares at the price of CAD 0.06 per share. Announcement • Feb 16
Signature Resources Ltd. announced that it expects to receive CAD 1 million in funding Signature Resources Ltd. announced a non-brokered private placement of flow-through common shares at a price of CAD 0.08 per flow-through common share and non-flow-through shares at a price of CAD 0.06 per non-flow-through share for total gross proceeds of CAD 1,000,000 on February 15, 2022. The transaction will include participation from members of board of directors and management of the company for half of the transaction. Announcement • Feb 10
Signature Resources Ltd. Announces Acceleration of an Initial NI 43-101 Resource Estimate Signature Resources Ltd. announced the acceleration of an initial NI 43-101 resource estimate at its 100%-owned Lingman Lake Gold Project in Ontario, Canada. The acceleration results from new evaluation work completed in January 2022, on all exploration data, including historic data compilation completed throughout 2021. During 2021, Signature embarked on and completed extensive exploration data gathering and historical data compilation of Lingman Lake. This work prompted the Company to conduct a re-evaluation in January 2022, of all exploration data, with a fresh perspective. This re-evaluation led to the decision to accelerate company's plans to commission an initial NI 43-101 resource estimate ("43-101") for Q2/22. The planned 43-101 will provide Signature with several key insights to position the Company's 2022 exploration strategy, including: Establishing a modern NI 43-101 compliant resource that is more representative of the existing mineralization; Providing a better understanding of the associated local geology and geologic controls of the mineralization; and Positioning the team to be able to continue to unlock and extend the pending initial resource with improved geological guidance for drilling as testing and developing new drill targets at LingmanLake. 2022 Next Steps: Signature is in the final stage of engaging a consulting firm to develop the initial 43-101 resource estimate and is targeting completion and publication in Second Quarter 2022. A summary of the 2022 planned and budgeted exploration activities will promptly follow in Q2. Recent Insider Transactions • Oct 03
President recently bought CA$145k worth of stock On the 30th of September, Robert Vallis bought around 153k shares on-market at roughly CA$0.95 per share. This was the largest purchase by an insider in the last 3 months. This was Robert's only on-market trade for the last 12 months. Announcement • Aug 24
Signature Resources Provides A Project Update At Its 100% Owned Lingman Lake Gold Project Signature Resources Ltd. announced an update on all site activities including the geophysical data programs and project site drill preparation being conducted at its 100% owned Lingman Lake Gold Project (“Project”) located in Northwestern Ontario. Site expansion and enhancements supporting the upcoming expanded drilling campaign continue to advance and are scheduled to be largely completed by late September. The late summer schedule is focused on completing various site and regional geophysical data collection programs, and several camp expansion/enhancement tasks to prepare for the next scheduled expanded drill campaign. The month of July and into early August saw delays incurred at the Project related to the significant wildfires and smoke from unprecedented and extreme drought conditions that hampered and threatened the entire regions of western and northwest Ontario into and throughout Manitoba, Saskatchewan, and south into the northern United States. A resulting restriction of all industrial forestry/logging operations and certain mineral field exploration and mining-related activities was put into effect by the Ministry of Northern Development, Mines, Natural Resources and Forestry (“NDMNRF”). The NDMNRF restriction delayed the Company’s in-progress 3D IP data collection program. However, ~60% of the planned survey was completed before this restriction was imposed and that data has been processed on a first-pass basis, resulting in a preliminary interpretation of the dataset. This interpretation will be released in the coming weeks. The smoke in and around the regional property presented challenges and delays to commencing and completing the previously-noted regional airborne and project ground geophysical and site expansion activities. Site access was also challenged due to the secondment of regional air equipment for supporting provincial firefighting operations and emergency evacuations throughout many communities in western Ontario and eastern Manitoba. Announcement • Jul 23
Signature Resources Initial West Zone Drilling Outlines A 200-Metre Wide Structural-Alteration Corridor with One Metre Intercepts of 6.0 G/T and 7.2 G/T from Wide Space Drilling Signature Resources Ltd. announced the results of its 15-hole (3,260-metre) drill program at its 100% owned Lingman Lake Gold Project ("Project"). This initial step-out drill program was designed to test a strong alteration and structural deformation zone (West Zone) which in the past (see
press release dated November 5, 2018) produced assays as high as 13.65 g/t gold over 5.0 metres and 12.15 g/t gold over 9.50 metres (drill holes 18-02 and 18-01, respectively). Drilling identified a 200-metre corridor that is interpreted to be similar to the Lingman Lake gold mineralization found to the east. A three-dimensional Induced Polarization ("IP") survey is currently being conducted on the Project and is more than 70% compete. The results from this program will help fingerprint the mineralization and help vector H2/21 drilling (~10,000-metres) to trace the extent of the mineralized zone. Highlights: The corridor characterized by a structural complex zone of brittle-ductile deformation, variable, quartz veining, sulphide mineralization and alteration of the West Zone was extended beyond the 150-metre depth to vertical depths exceeding 300-metres with variable gold mineralization
contained throughout the wide spaced drilling. Step out drill hole intercepts, along strike and down dip of the host structure, appear to have defined a variably west plunging (60 to 75-degree) structural corridor up to 200-meters in width from surface to approximately 330-meter vertical depth. Depth potential of this corridor remains open. The corridor exhibits structural and alteration features that are consistent with the high-grade intercepts of past drilling above 150-metre vertical. Current drilling which delineated this corridor ended up testing less than 20% of this down plunge extent. A new zone (WEST SOUTH) located 20 to 30-metres south of the West Zone may have significant exploration potential. The Central Zone intersected in holes 21-03, 05 and 08, occurs over a 200-metre strike length west of the north-south striking dike. Drill hole 21-08 intersected 1.78 g/t gold over 8.0-metres, at a vertical depth of 280-metres in the West South Zone. Drill hole 21-09 intersected 2.00 g/t gold over 7.0-metres, at a vertical depth of 327-metres in the West Zone. Announcement • Jun 25
Signature Resources Provides Lingman Lake Project Update Signature Resources Ltd. provided Lingman Lake Project Update. Its continued progress at site with: completing the camp optimizations to safely and efficiently enable an upscaled targeted 10,000 metre diamond drill program commencing late August identifying and purchasing capital items for the ongoing operations at site previously announced geophysical programs to optimize local and regional targeting. The securing of the expanded drill crew with the previously announced acquisition of a second Signature-owned diamond drill rig building operating budget to facilitate transparency on spend requirements enhance the logistics for transport of equipment and personnel to site
Nordmin Engineering continuing to work on converting the existing historical 234,000 oz gold resource dataset at the Project in preparation for completing the conversion to an NI 43-101 compliant resource estimate in 2022 working on long term strategies for continued growth and optimization for site operations. Announcement • Jun 22
Signature Resources Ltd. announced that it expects to receive CAD 3.5 million in funding from Commodity Discovery Fund, Sprott Asset Management, LP, Crescat Capital Signature Resources Ltd. (TSXV:SGU) announced a private placement of flow-through units and non-flow-through units for gross proceeds of up to CAD 3,500,000 on June 21, 2021. The transaction is led by new investor Commodity Discovery Fund, and included participation from returning investor including funds managed by Sprott Asset Management, LP, and Crescat Capital. Each flow-through units having an issue price of CAD 0.165 will consist of one common share and one-half non flow-through common share purchase warrant with an exercise price of CAD 0.25 per flow-through warrant. Each non flow-through unit having an issue price of CAD 0.16 per unit consist of one common share and one-half common share purchase warrant with an exercise price of CAD 0.22 per non flow-through warrant. Both flow-through warrants and non-flow-through warrants have an expiry period of two years following the date of closing. The transaction is subject to the TSX Venture Exchange. Announcement • Jun 08
Signature Resources Intersects 14.90 G/T Gold over 1.0 Metre and 5.81 G/T Gold over 6.0 Metres at the Lingman Lake Gold Project Signature Resources Ltd. announced the first three diamond drill holes (515 metres) of its ongoing 15 diamond drill hole (3,260 metres) winter-spring drill campaign at its 100% owned Lingman Lake Gold Project (“Project”). Drilling was designed to expand the known envelope of mineralization on the western side of the diabase dike (Exhibit 1). The Company expects several batches of diamond drill hole assay results to be released over the coming four to six weeks. Drill hole 21-03 intersected the West Zone from 211.0-metres to 243.0-metres. The best intervals returned 1.74
g/t over 4.0-metres from 217.0-metres to 221.0-metres and sub-grade values from 233.0-metres to 237.0-metres.
This wide intercept of 32.0-metres displays West Zone style attributes of intermittent silicification, structure
and sulphide mineralization The West Zone intercept highlights that at a vertical depth of 182.0-metres the
system is strong and pervasive. In addition, 21-3 intersected the Central Zone from 52.0-metres to 58.0-metres. Two intercepts one from;
119.0-metres to 120.0-metres returned 7.52 g/t and the other from 155.0-metres to 159.0-metres returned 4.16 g/t
which includes 1.0-metre of 14.90 g/t. The interpretation of these intersections is pending. Drill hole 21-15 intersected 5.81 g/t over 6.0-metres including 12.2 g/t over 1.0-metre at a vertical depth of
about 80-metres. The hole was drilled in a 100-metre section of no drilling between hole 18-01 which assayed
12.15 g/t over 9.5-metres and 89-16 which assayed 4.1 g/t 6.6-metres. Significantly the core interval continued
to display variable intensity of silicification with sulphide mineralization and structure typical of the West
Zone. An earlier intercept in this hole from 66.0-metres to 70.0-metre of sub-grade values correlates with the West
Zone splay, located about 24-metres south of the West Zone. Additionally, drill hole 21-02 intersected 1.78 g/t over 2.0-metres at a vertical depth of about 82-metres and
at a lateral distance of 105-metres east from the West Zone mineralization envelope, and about 40-metres west of
the post-mineralization diabase dike. The West Zone which occurs from 107.0-metres to 113.0-metres has an
atypical feature of sold quartz vein from 107.0-metres to 113.0-metres. In the interval 107-meteres to
109-metres, the zone exhibits its usual characteristics of silicification pyrite and pyrrhotite mineralization
and fault gouge. Announcement • May 21
Signature Resources Ltd Provides A Project Update an Ongoing Drilling Activities At Its 100% Owned Lingman Lake Gold Project Signature Resources Ltd. is a gold exploration company with advanced and early exploration assets. Its core asset is the Lingman Mine Project encompassing the Lingman Lake Gold Mine with an historic estimate of 234,648 oz of gold, and two new early exploration projects: Lingside West and Lingside East. All three projects are located in the Lingman Lake greenstone belt of northwestern Ontario. Signature is poised to advance and expand these projects centering on targeted diamond drilling of the high-grade gold zones at the Lingman Lake mine. Beyond the mine area, the new Lingside projects are an extension of the Lingman Mine project. Is New 90 Day High Low • Feb 27
New 90-day high: CA$0.22 The company is up 214% from its price of CA$0.07 on 27 November 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 1.0% over the same period. Announcement • Feb 26
Signature Resources Increases its Lingman Lake Project Land Package in the Prolific Red Lake Geologic District Signature Resources Ltd. announced the increase in its land position at its Lingman Lake Project within in the prolific Red Lake geologic district in Northwestern Ontario. The previously held claims, excluding the 18 held patented claims, of 604 has been increased to 1,066 claims. When added to the 4 full patent claims and 14 mineral rights patented claims held, Signature now holds a total of 1,084 claims (20,124 hectares). The updated claim package covers a huge land holding defined by a near 30 km E-W strike distance and 202 square kilometers of highly prospective mineral potential. The Signature team is excited with its plans to commence a significant regional exploration program commencing in the spring of 2021. The program will be focused on following-up on previously completed regional exploration work identifying and unlocking multiple high-potential regional drill targets throughout its massive land package. The Company continues preparations to commence its 2,500 meter 2021 winter drill program in early March as targeted. The program is focused on expanding the known zone of historic mineralization towards the west and to depth. Announcement • Feb 18
Signature Resources Appoints Rickardo Welyhorsky as an Advisor to Management and the Board of Directors Signature Resources Ltd. announced the appointment of Rickardo Welyhorsky as an advisor to the Company. Mr. Welyhorsky is a registered Professional Metallurgical Engineer with over 28 years of experience spanning all levels of project development and operations in the mining and metals industry. He brings to Signature's advisory board a wealth of industry experience in various roles globally including with Yamana Gold, Detour Gold, Barrick Gold, and AMEC. Announcement • Jan 20
Signature Resources Ltd. Appoints Dan Denbow as an Advisor to Management and the Board of Directors Signature Resources Ltd. announced the appointment of Dan Denbow as an advisor to the Company. Dan Denbow has spent over 28 years in the capital markets with his most recent experience associated with USAA Investment Management Company. As a portfolio manager for USAA Mr. Denbow was responsible for managing over $4 billion in three strategies; a domestic dividend and global dividend strategy and the USAA Precious Metals and Minerals Fund. Announcement • Dec 24
Signature Resources Ltd., Annual General Meeting, Mar 01, 2021 Signature Resources Ltd., Annual General Meeting, Mar 01, 2021. Announcement • Dec 19
Signature Resources Ltd. announced that it has received CAD 1 million in funding Signature Resources Ltd. (TSXV:SGU) announced that it has completed a non-brokered private placement of 999,945 hard dollar units at a price of CAD 0.11 per unit for gross proceeds of CAD 109,994, and 6,846,200 flow-through units at a price of CAD 0.13 per unit for gross proceeds of CAD 890,006, for aggregate gross proceeds of CAD 1,000,000 on December 17, 2020. Each hard dollar unit consists of one common share and one common share purchase warrant of the company. Each flow-through unit consists of one flow-through common share and one half of one common share purchase warrant of the company. Each warrant issued will be exercisable into one common share at a price of CAD 0.20 per share until April 17, 2022. The company paid aggregate cash finder's fees of CAD 62,300 and issued 205,386 finder's warrants. Each finder's warrant is exercisable to acquire one common share at a price of CAD 0.13 per share for a period of 16 months from the closing date. All securities issued in the transaction, including the finder's warrants, are subject to a statutory hold period, expiring on April 18, 2021. Announcement • Oct 29
Signature Announces Significant Update to Gold Assay Results From its Lingman Lake Exploration Program Signature Resources Ltd. announced a significant update to its gold assay results from its Exploration program. The update details the relationship of the areas sampled from its Exploration program conducted in September, 2020, as reported in a press release dated October 21, 2020. The three areas, which yielded significant grab sample results, and are referenced in the table below, occur along a 20.2-kilometer strike length and are associated with the granite-volcanic contact. This contact is an important feature, because elements which includes complex folding-shearing, faulting and zones of high silica-quartz veining, felsic intrusions and gold-base metal mineralization are spatially related to it. This relationship characterizes the Lingman Lake mine gold zones. Although areas 2 and 5B were prospected, time limitations and overburden conditions hampered prospecting. These areas remain high priority and will be explored in the future. Area 4 is a high priority area away from the north granite-volcanic contact. Instead it is a structurally complex fold closure zone. The area was not investigated as a suitable helicopter landing site was not available. This area will be prospected in the future and will require an overland access route. Announcement • Oct 08
Signature Resources Ltd. Provides Further Update from Successful Field Campaign Signature Resources Ltd. announced that it has successfully completed its two part field program and has demobilized its field crew from its Lingman Lake gold property in northern Ontario. The program focused on a borehole survey and a geological field program that sets up Signature Resource for a productive 2021 exploration program. Part 1: Borehole Survey: The first phase of this program was to undertake borehole north-seeking gyro surveys of 104 holes drilled in the 1980's and one hole from 2018. This represented a total of 18,773m for testing. These holes were selected as a representation of drilling into all the zones across the strike, width and depth of the deposit. Of the 104 holes to be surveyed 47% were successfully completed and the Company believes that these holes are representative of all the zones. The Company is very pleased with the professional surveying services completed by IMDEX. This information will greatly assist in calculating a new more accurate resource model and determining the location of new drill holes. Part 2: Geological Field Work and Sampling: The Company also had a team of geologists and prospectors visit six pre-determined target areas as defined by a combination of geophysical interpretations of the airborne survey results, geological mapping, structural interpretation and a detailed review of high resolution visual satellite imagery. While exploring the target areas, numerous new rusty zones of shearing, silicification and pyrite mineralization, were encountered by the field crews. This style of mineralization, encountered by the field crews, was similar to what is found in the area around the Lingman Lake mine site, which in the Company's opinion, is extremely positive for continuing exploration for new discoveries. A total of 93 grab samples, six standards and three banks were submitted for assaying. These samples were delivered by the project geologist to Purolator's office in Winnipeg for couriering to SGS laboratories in Red Lake Ontario. Currently these samples are in the lab being assayed. Announcement • Sep 29
Signature Resources Ltd. Completes Two Component Field Program Signature Resources Ltd. announced that it has completed its two component field program with the crew it mobilized to its Lingman Lake gold property in northern Ontario in August. The first component of this program was to undertake borehole north-seeking gyro surveys of 104 holes drilled in the late 1980's. This information will be extremely useful in calculating a new, more accurate resource model and determining the location of new drill holes. Detailed information and results of this program will be reported in the near future as the program progresses. While the team was mobilized, Signature also re-established their base camp in preparation for an upcoming winter drill program. The company announced that the camp is 80% ready and some final work will be completed in January 2021 prior to the arrival of the commencement of the drill program. Qualified Persons: The scientific and technical content of this press release has been prepared, reviewed and approved by Bob Komarechka, P.Geo. who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Announcement • Jul 30
Signature Resources Ltd. (TSXV:SGU) acquired Additional 5 KM of Favourable Gold Trend at Lingman Lake. Signature Resources Ltd. (TSXV:SGU) acquired Additional 5 KM of Favourable Gold Trend at Lingman Lake on July 14, 2020. The acquisition was made by staking.
Signature Resources Ltd. (TSXV:SGU) completed the acquisition of Additional 5 KM of Favourable Gold Trend at Lingman Lake on July 14, 2020. 