Formation Metals to Commence Maiden Mineral Resource Estimate Inclusive of Nearly 70,000 Metres of Drilling Following Completion of Ongoing Phase 1 Drill Program at the Advanced N2 Gold Project

Core Insights - Formation is conducting a fully funded 30,000-metre drill program at its N2 Gold Project in Quebec, which has a historic resource of approximately 871,000 ounces of gold [1] - The project includes 18 million tonnes grading 1.4 g/t Au (approximately 810,000 ounces) across four zones and 243,000 tonnes grading 7.82 g/t Au (approximately 61,000 ounces) in the RJ zone [1] - The Phase 1 drill program has been expanded to about 14,000 metres based on positive fieldwork results, including significant intervals comparable to historical drilling [1] Drilling Results - Significant intervals include N2-25-008, which intercepted 208.8 metres of target mineralization starting at 28.6 metres downhole, with multiple intervals exceeding 40 metres in width, including a maximum of 70.0 metres [1] - One notable interval, 245-91-151, intercepted 1.7 g/t Au over 35.0 metres, indicating strong mineralization potential [1]