Edmonton, Alberta--(Newsfile Corp. - July 29, 2025) - AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) ("AuMEGA" or "the Company") is pleased to provide an update on its fully funded 2025 exploration program including results from remaining assays related to the winter drill program at the Bunker Hill Project ("Bunker Hill"), located on the Cape Ray Shear Zone ("CRSZ") in Newfoundland and Labrador ("Newfoundland"), Canada. The Company is currently in one of its most comprehensive exploration programs ...

Company Overview - AuMEGA Metals Ltd has appointed Mr. James Withall as a Non-Executive Director, effective August 1, 2025, marking him as the fourth Non-Executive Director of the company [1] - Mr. Withall has nearly thirty years of international experience in mining and exploration, previously serving as CEO of Rupert Resources, where he led the advancement of the Ikkari gold project [4][5] Leadership and Experience - The Chair of the Board, Justin Osborne, expressed enthusiasm for Mr. Withall's appointment, highlighting his diverse experience in the mining sector and his successful leadership at Rupert Resources, which achieved a market valuation nearing CAD $1 billion [2][3] - Mr. Withall emphasized his excitement about joining AuMEGA, noting the company's disciplined team and strategic decision-making that mirrors his previous experience [3] Strategic Positioning - AuMEGA is supported by significant backing from B2Gold and various major global funds, providing a strong and strategic ownership structure [4] - The company is focused on exploring its extensive land package along the Cape Ray Shear Zone, which is recognized as Newfoundland's largest identified gold structure, hosting Equinox Gold's Valentine Gold Project [6][7] Resource Potential - AuMEGA's Cape Ray Shear Zone contains a defined gold mineral resource of 6.1 million tonnes of ore with an average grade of 2.25 g/t, totaling 450,000 ounces of indicated resources, and 3.4 million tonnes of ore with an average grade of 1.44 g/t, totaling 160,000 ounces in inferred resources [8]