Drilling intersects 92.6 metres (m) of 0.95 g/t gold

Core Insights - McFarlane Lake Mining Limited has reported further positive results from its diamond drilling exploration at the Juby Gold Project, indicating expanded gold mineralization at the Golden Lake deposit [1][3][4] Exploration Results - Recent drilling at the Golden Lake deposit has yielded significant intercepts, including 23.9 meters of 1.72 g/t gold, 7.15 meters of 3.46 g/t gold, and 16 meters of 0.07 g/t gold [1][7] - Drill hole GL 76-72 intercepted 0.95 g/t gold over 92.6 meters, which includes the previously mentioned significant intercepts [7] - The drilling program has so far completed approximately 5,000 meters out of an original plan of 13,000 meters, with plans to increase drilling by an additional 1,000 to 1,500 meters at Golden Lake [4][7] Project Development - A second diamond drill arrived on site on March 9, 2026, and is currently drilling hole GL 76-75, with plans to transfer one drill to the Juby deposit for an additional 4,000 to 5,000 meters of drilling [4] - The exploration program is being conducted in partnership with two of the three First Nation communities that have territorial rights on the property, which include Matachewan First Nation, Temagami First Nation, and Atikameksheng Anishnawbek First Nation [5] Mineral Resource Estimate - The Juby Gold Project currently hosts a NI 43-101 compliant Mineral Resource Estimate of 1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold, and an additional 3.17 million ounces in the Inferred category at an average grade of 0.89 g/t gold [16][17] - A sensitivity analysis at a higher gold price of US$3,750 per ounce indicates an increase in the Indicated Mineral Resource to 1.20 million ounces grading 0.94 g/t gold [17] Company Overview - McFarlane Lake Mining Limited is focused on advancing its flagship Juby Gold Project located in the Abitibi Greenstone Belt, along with a portfolio of other gold assets across Ontario [16][19]