Tinka Provides Exploration Update on Huwaymidan Gold Project in Saudi Arabia Including Completion of 3,400-Metre RC Drill Program

Core Viewpoint - Tinka Resources Limited is advancing its exploration activities at the Huwaymidan gold property in Saudi Arabia, with promising surface results and an initial drilling program completed, indicating potential for a significant gold target in a proven gold belt [3][4][5]. Exploration Update - The Huwaymidan property is owned by Midad Al Mona Mining Company, with Tinka holding a 5% equity interest and a free-carried interest until mid-2027 [1][10]. - The exploration program has included systematic geological mapping, sampling, and a 340 line-kilometre ground magnetic survey, with over 500 rock samples assayed for gold and pathfinder elements [5][10]. - An initial 3,400 metre reverse circulation (RC) drill program was completed, consisting of 46 holes, targeting gold mineralization identified by surface sampling [5][7]. Geological Context - The Huwaymidan project is located in a region known for large orogenic-style gold deposits, with Maaden's Ar Rjum project (3.9 million ounces of gold) situated 30 km southeast [4][10]. - The geology of the area consists mainly of mafic volcanics and Proterozoic intrusions, with significant hydrothermal alteration and quartz veining observed during drilling [4][5][8]. Sample Results - Selective surface samples have shown high-grade gold, with quartz float samples grading up to 30.5 g/t and outcropping quartz veins grading up to 6.4 g/t [5][11]. - The exploration has identified two main target areas, Ibriz and Rawasi, with potential gold trends exceeding 5 kilometres [8][11]. Next Steps - Assay results from the drilling program are expected by late Q1 2026, with plans for a follow-up drill program in Q2 2026, contingent on the results [5][10].