Chibougamau Independent Mines

Impact: Chibougamau Independent Mines is pleased to report the drilling results from the Berrigan Mine claims, which are under option from them by Asante Gold Corporation. This event positively impacts Chibougamau Independent Mines as it confirms the potential of their property.

Impact: As the owner of the Berrigan Mine claims, Chibougamau Independent Mines>>> benefits from the positive drilling results and ongoing exploration by Asante Gold Corporation>>> through their option agreement.

Impact: Chibougamau holds a 2% GMR royalty on Mont Sorcier High Purity DRI Iron Project; the BFS delay may defer potential royalty income but optimization could enhance project value.

Impact: Chibougamau Independent Mines Inc. is the owner of the land package under option by Asante Gold Corporation, on which Globex Mining Enterprises Inc. retains a royalty.