Core Viewpoint - Pelangio Exploration Inc. has commissioned a controlled-source electromagnetic (CSEM) survey for its Obuasi and Manfo projects to explore mineral targets at depths exceeding 1 kilometer [1][11]. CSEM Survey Details - The CSEM survey will be conducted by SEMS Exploration Services of Ghana, utilizing an IRIS Instruments TIP 12000 transmitter powered by a 20kVA generator [2]. - The survey will cover the Obuasi Targets Area, spanning 9.2 km² with 295 stations spaced 170 meters apart, while a parallel survey by AngloGold Ashanti will cover 10.4 km² with 333 stations [4]. Survey Methodology - CSEM is effective for detecting conductive features and mapping resistive bodies at depths up to several kilometers, particularly suitable for identifying Obuasi-style mineralization [3]. - The Magneto-Telluric (MT) method, while capable of deep imaging, offers lower resolution and requires longer survey times compared to CSEM [3]. Project Locations and Context - The Obuasi survey targets areas interpreted to be on strike with the Obuasi Mine's Main Au Trend, with the nearest known ore shoot located approximately 4.2 kilometers from Pelangio's property boundary at a depth of over 700 meters [5][11]. - The Manfo project will follow with a smaller CSEM survey covering 2.8 km² and 100 EM stations, aimed at exploring deeper mineralization than current drilling programs [7][11]. Timeline and Future Plans - The Obuasi surveys are expected to commence in mid-April and will take approximately two months to complete, followed by an additional month for data modeling and reporting [6]. - Resource extensional diamond drilling continues on the Manfo project, focusing on the Pokukrom deposits, with three out of fifteen planned holes nearly complete [8].

Group 1 - The company, Electromagnetic Geoservices ASA (EMGS), has signed a final contract for a CSEM survey in India, with a contract value of approximately USD 10 million, consistent with previous expectations [1] - The contract follows a Letter of Award received by the company on 15 January 2025, indicating a successful progression from initial award to final contract signing [1] Group 2 - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary technology to assist oil and gas companies in offshore hydrocarbon exploration [3] - The company's services encompass the entire workflow from survey design and data acquisition to processing and interpretation, enhancing exploration efficiency and reducing costs [3] - EMGS is also exploring the application of CSEM technology for detecting marine mineral deposits and estimating their mineral content, positioning itself for future market opportunities [3]