• Significant gold mineralization confirmed at Ockerburry and Scone Stone prospects
• New shallow gold targets identified at West Gold and Wheel of Fortune
• Drilling extends mineralization along the 5km Ockerburry trend

Magmatic Resources has been actively exploring the Weebo Gold Project since acquiring it in July 2025, completing 2 phases of air core (AC) and reverse circulation (RC) drilling. The AC drill programs were designed to further define early-stage targets, while the RC drilling focused on defining the Ockerburry and Scone Stone prospects. The results continue to highlight the potential for discovery at these prospects, as well as grow a robust pipeline of earlier-stage opportunities. The Ockerburry prospect is a 5 km long, drill-defined mineralized trend with 4 targets defined to date, with significant historical and recent drill results. The Scone Stone prospect is an 800m long, drill-defined gold mineralized trend, with high-grade mineralization confirmed by the company's initial field work and drilling. The company's most recent Phase 2 AC drill program has continued to define mineralization along the Ockerburry trend, as well as identify new shallow gold targets at the West Gold and Wheel of Fortune prospects. Drilling at Ockerburry 1, 2, 3, and 4 extended significant oxide mineralization, with highlights including 16m @ 1.26 g/t Au from 44m and 28m @ 0.65 g/t Au from 64m. At the West Gold prospect, first-pass drilling discovered gold mineralized structures that are likely the source of extensive surface prospecting. Similarly, targets are being advanced at Wheel of Fortune and Sholl's Find, forming a robust pipeline of gold targets for future drill testing.

The company plans to further advance the Ockerburry and Scone Stone prospects with additional drilling and potential resource definition. The technical team will also review and prioritize the new targets identified at West Gold, Wheel of Fortune, and Sholl's Find for exploration programs to commence in the coming months.