Orecap Consolidates Ownership at McGarry Project

Core Insights - Orecap Invest Corp. has consolidated its ownership of the McGarry Project, now owning 100% of the land tenure, subject to existing royalties [1][6][9] Project Overview - The McGarry Project spans 681 hectares and includes 46 patented mining claims and 5 mining licenses, all now fully owned by Orecap [2][6] - The project is located along the Cadillac-Larder Lake Break and has a historical NI 43-101 indicated resource of 447,000 ounces of gold at a grade of 8.57 g/t, and an inferred resource of 157,000 ounces at 5.83 g/t [2][8] - McGarry has a history of production, with significant underground workings and infrastructure upgrades completed as recently as 2013 [2][6] Infrastructure and Historical Production - The existing infrastructure includes a shaft extending to 2,290 feet below the surface, which allows for a more cost-effective and accelerated timeline for accessing potential underground resources [7][8] - The historical Kerr Addison mine, adjacent to McGarry, produced 11 million ounces of gold at a grade of 9 g/t, with tailings estimated to cover 73 hectares within the McGarry property [8][6] Strategic Importance - McGarry's location is central to a regional consolidation strategy, being contiguous with Gold Candle's Kerr Addison project and near Agnico Eagle's Upper Beaver Project, both of which are significant gold deposits [6][7] - The project’s existing infrastructure and resource potential underscore its importance in the regional mining landscape [7][8] Transaction Details - Orecap acquired the remaining 25% of certain McGarry tenure for a total of $100,000, consisting of $50,000 in cash and $50,000 in shares, subject to TSXV approval [9]