| Dear Subscribers, 2025 was a transformational year for Independence Gold Corp. at its 100% owned 3Ts Project in central British Columbia, marked by the discovery of new vein systems, a significant expansion of the property’s footprint, and a milestone update to the Mineral Resource Estimate (MRE). Exploration and Drilling Success The Company executed an extensive 2024–2025 drill program that was expanded from 10,000 metres (m) to approximately 13,000 m due to ongoing success. Tommy Vein System: Phase 1 results confirmed continuity above and below the microdiorite sill, including one of the widest mineralized zones to date: 35.00 m of 2.78 g/t gold and 25.05 g/t silver. Deep drilling (451 m) confirmed mineralization remains open at depth and showed a transition to intermediate sulphidation. Johnny and Larry Vein Discoveries: Systematic exploration led to the discovery of the Johnny and Larry veins. Highlights from the Johnny Vein included 77.01 m grading 4.04 g/t gold and 40.90 g/t silver. The Larry Vein, historically overlooked due to lack of surface exposure, returned 19.40 m grading 5.58 g/t gold and 73.76 g/t silver. Ootsa Copper-Silver Target: The first-ever drill program at Ootsa revealed a new style of mineralization for the project, returning 5.49 m of 55.74 g/t silver and 0.95% copper. Subsequent summer fieldwork identified an 8-km-long arcuate “ring structure” and two new copper showings, Rogers and Metz. Strategic Land Expansion and Regional Surveys Independence Gold significantly increased its regional presence through strategic acquisitions: 3Ts Expansion: In March, the company acquired 17 additional claims (28,100 hectares), expanding the 3Ts Project to 35,486 hectares. Tay Project: The company staked the Tay property (40 square kilometres), located 25 km northeast of 3Ts, which shares the same geological Naglico Formation. Geophysics: A major 4,284 line-kilometre helicopter-borne survey was launched in October to map structures across 3Ts and Tay. Ground IP surveys also identified new gold-in-soil anomalies east of the Ted-Mint system, specifically the East Main/Layman and Dobby veins. Resource and Metallurgy Milestones A pivotal moment occurred in November with the release of the Updated 2025 Mineral Resource Estimate: Indicated Category: 2.79 million tonnes at an average grade of 4.22 g/t AuEq, representing approximately 378,000 gold-equivalent ounces. Inferred Category: 2.96 million tonnes at an average grade of 4.06 g/t AuEq, representing approximately 387,000 gold-equivalent ounces. Metallurgy: Testing confirmed high recoveries across the new veins, with program-level averages of roughly 92% gold and 90% silver using a gravity, flotation, and cyanide leaching flowsheet. For the first time, the project established an Indicated category in the resource in addition to the Inferred category. Inferred resources are early estimates based on limited drilling that show where gold is likely present but need more work to confirm; indicated resources are better defined, with enough drilling to give greater confidence in the size and grade of mineralization. Together these categories show both strong discovery potential and a clear path to growing and upgrading the resource with additional drilling. In addition to the Tommy and Ted-Mint vein systems, this updated MRE now includes the Larry, Johnny and Ian veins for the first time in the resource model — each remains open along strike and at depth, offering significant upside for discovery and expansion. Operational Challenges and Corporate Growth The Company faced a significant operational hurdle in late August when the Tsetzi Lake wildfire forced a complete evacuation of the project resulting in a loss of one month of access to the property. The fire grew to over 9,000 hectares, but successful suppression efforts by the BC Wildfire Service protected the camp and core storage facilities, allowing exploration to resume in late September. On the corporate side, the Company strengthened its leadership by appointing Brian Booth as Senior Technical Advisor, bringing more than 40 years of exploration and capital markets experience. Financially, the Company remains well-positioned, closing a $3.5 million private placement in December to fund continued growth and a major exploration program planned for 2026. Marketing and Media Focus Over the last few months, Independence has expanded our digital marketing outreach to investors across multiple platforms; the Company was featured on B-TV’s digital marketing channels as well as on the popular Midas Letter authored by James West. Randy Turner was also interviewed by Mark Bunting, the popular former host at BNN. See below for links to the media coverage: Midas Letter video: can Independence Gold repeat the Blackwater magic? Summary news article by James West: a case study in gold junior value creation Red Cloud interview of Randy Turner hosted by Mark Bunting The fourth quarter of 2025 saw the Company listed on the Frankfurt Stock Exchange (FSE:625), allow for enhanced capital access, increased global visibility and improved liquidity. This listing will enable the Company to tap into a broad and diverse base of German and international investors within one of the world’s top financial centers. Upcoming Events Starting in January 2026, Independence Gold will appear more prominently on CEO.ca, including several planned video updates. From January 28-29, 2026 the Company will be exhibiting at the Association of Mineral Exploration (AME) Roundup trade show in Vancouver, BC. at booth 918. Stop by the Core Shack where drill core from the 3Ts Project will be featured and speak to the Company’s resident expert and Qualified Person, Andy Randall, P. Geo. On February 6-7, 2026 we welcome you to join us at the World Outlook Conference in Vancouver, hosted by popular financial commentator and podcast host Michael Campbell, where Randy Turner will be presenting the Independence Gold story on Friday afternoon. From March 1-4, 2026, the Company will be attending 1:1 meetings at the Prospectors & Developers Association of Canada (PDAC) – the world’s premier mining exploration and mining convention held in Toronto. We look forward to another successful year in 2026. Sincerely, Randy Turner, President & CEO Independence Gold Corp. |
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