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McFarlane Lake Mining

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McFarlane Lake Mining Limited is a publicly traded Canadian gold exploration company focused on advancing its flagship Juby Gold Project, located near Gowganda, Ontario, within the Abitibi Greenstone Belt.

Investor website: https://mcfarlanelakemining.com/

About

McFarlane Lake Mining Limited is a publicly traded Canadian gold exploration company focused on advancing its flagship Juby Gold Project, located near Gowganda, Ontario, within the Abitibi Greenstone Belt. The Juby Project hosts a current NI 43-101 compliant Mineral Resource Estimate of 1.01 million ounces of gold in the Indicated category and 3.17 million ounces in the Inferred category. The company is advancing exploration drilling and technical studies at Juby and holds a portfolio of 100%-owned gold assets across Ontario, including the McMillan Gold Mine and Michaud/Munro properties.

Verified company data

Cash position
6.5 million
Shares outstanding
244,738,654
Fully diluted shares
577.2 million
Mineral resource
Detail Mineral Resource Estimate within pit shell + underground shapes (OP= Open Pit, UG= Underground, Mt= Millions tonnes, Moz= Millions Ounces, Au= Gold metal) Note 1: Mineral Resource Statement Notes CIM definition standards were followed for the resource estimate. This Mineral Resource has an effective date of September 29, 2025. The 2025 resource models used ordinary kriging (OK) grade estimation within a three-dimensional block model with mineralized domains defined by wireframe solids. Mineral resources are constrained within pit shells (OP) and Underground Shapes (UG) Open pit cut-off of 0.25 g/t Au milled is based on the cost/tonne ($USD/t) milled for incremental mining, processing, and G&A Underground cut-off of 1.85 g/t Au milled is based on the cost/tonne ($USD/t) milled for incremental mining, processing, and G&A The 0.25 g/t Au cut-off for OP and the 1.85 g/t Au cut-off for UG used for reporting is based on the following: a. Long term Gold price of US$2,500/oz b. Metallurgical recoveries are based on metallurgical testing recovery of 92% c. Average Bulk density (specific gravity) was determined for each lithology and/or mineralized domain within the deposit d. Processing costs of USD$11.00/t, G&A costs of USD$4.00/t, and Tailings Fee of USD$2.00/t milled e. Dilution of 5% for OP, and 10% for UG f. Overall Pit Slope angle of 47 degrees Mineral Resources that are not mineral reserves do not have economic viability. Numbers may not add due to rounding. The resource estimate was prepared by Todd McCracken, P.Geo, of BBA E&C Inc. in accordance with National Instrument 43-101 standards of Disclosure for Mineral Projects.
Projects
["Juby Project\n\nLocation: Near Gowganda, Ontario, within the Abitibi Greenstone Belt\n\nOwnership: 100% McFarlane Lake Mining Limited\n\nStage: Resource Definition – Completed MRE\n\nGeological Setting: Archean-age Abitibi Belt – world-class gold endowment\n\nAccess & Infrastructure: Road accessible, power nearby, established mining support services\n\nDrilling: 116,000 metres drilled to date with 90% metallurgical recoveries\n\nLarge-scale, Near-surface Gold System with Flexible Pathways to Production\n\nMcFarlane Lake Mining Limited is focused on advancing its flagship Juby Gold Project, located near Gowganda, Ontario, Southern part of the well established Abitibi Greenstone Belt.\n\nThe Juby Project hosts a current NI 43-101 compliant Mineral Resource Estimate (MRE) (effective September 29, 2025).\n\n1.01 million ounces of gold in the Indicated category at an average grade of 0.98 g/t gold (31.74 million tonnes).\n\n3.17 million ounces of gold in the Inferred category at an average grade of 0.89 g/t gold (109.48 million tonnes).\n\nThe estimate was calculated using a long-term gold price of US$2,500 per ounce, applying cut-off grades of 0.25 g/t gold for open pit and 1.85 g/t gold for underground resources.\n\nA sensitivity analysis completed at a higher gold price of US$3,750 per ounce\n\n- Indicated Mineral Resource of 1.20 million ounces grading 0.94 g/t gold (39.51 million tonnes)\n- Inferred Mineral Resource of 4.23 million ounces grading 0.85 g/t gold (154.50 million tonnes)\n- Cut-off grades of 0.25 g/t gold for open pit and 1.15 g/t gold for underground resources.\n\nExpanding Potential at Depth\n\nOpen at depth with significant upside potential for continued resource growth."]
Leadership
Mark Trevisiol (President, CEO, Over 30 years of experience in mining and metals processing. Former Senior Executive in Falconbridge and Xstrata Nickel.), Brad Boland (CFO, Corporate Secretary, Over 25 years of experience in the resource industry, holding positions such as VP Finance for Goldcorp and CFO for Consolidated Thompson Iron Mines.), Winston Whymark (Manager Exploration, Over 15 years in gold exploration management roles.), Andrew McLellan, MSc (Senior Geologist, 15 years experience in gold exploration in the Abitibi Greenstone belt, previously worked for Glencore and Trelawney Mining.), Perry Dellelce (Chair, Director, Founder and managing partner of Wildeboer Dellelce LLP, with extensive experience in corporate finance and law.), Amanda Fullerton (Director, Vice President, Legal & Corporate Secretary of GCM Mining Corp., with a background in corporate finance and mergers.), Dario Zulich (Director, Entrepreneur and community leader, owner of Sudbury Wolves Hockey Club, with a history in industrial contracting.), Deborah Battiston (Director, CPA with over 35 years of financial management experience, including roles as CFO in multiple mining companies.), Fergus Kerr (Director, Professional Mining Engineer with over 35 years of experience in mine operations and safety.), Roger Emdin (Director, Professional Engineer with over 40 years of experience in mining operations and project development.), Steve Kaszas (Director, Over four decades in financial services, recognized for community engagement and investment management.)

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