ONGold Stakes Additional Claims, Substantially Expands TPK Property

Core Insights - ONGold Resources Ltd. has expanded its claims around the Ti-pa-haa-kaa-ning (TPK) project by staking an additional 73 claims, increasing the total area to approximately 69,764 hectares, which represents a 46% increase in the claim area [1][4] Group 1: Acquisition and Claims Expansion - The newly staked claims cover approximately 21,969 hectares (1,118 cells) and are aimed at exploring extensions of the Mameigwess and Bartman Lake Greenstone Belts and the Stull-Wunnumin Fault Zone [1] - The TPK property now consists of 2,504 claims, enhancing ONGold's exploration potential for gold and base metals deposits [1] Group 2: Exploration Activities - A recent diamond drilling program at the Gold Ridge area of TPK has indicated the presence of a large, intrusive-hosted, orogenic gold system, although no mineral resource has been defined yet [2] - Historical drilling at the Big Dam area has revealed significant gold intersections, including 25.9 g/t Au over 13.5 meters and other high-grade results [3] Group 3: Future Plans and Agreements - The company has entered into a Memorandum of Understanding (MOU) with the Chapleau Cree First Nation regarding support for exploration activities, which includes issuing 50,000 common shares and warrants [8] - The MOU outlines provisions for exploration conduct and negotiations for an impact benefit agreement (IBA) [8]