Blue Jay Gold Announces Arrival of LithologIQ Hyperspectral Core Scanning System at the Steller Project

About this update from Blue Jay Gold Corp.

VANCOUVER, British Columbia, June 30, 2026 (GLOBE NEWSWIRE) -- Blue Jay Gold Corp. (TSXV: JAY) ("Blue Jay" or the "Company"), is pleased to announce that LithologIQ, a Montreal-based mineral technology company, has mobilized its hyperspectral core scanning system to the Company's 100%-owned Steller Gold Project ("Steller" or the "Project") in southern Yukon. The system will examine 40,000 metres of drill core this season, both newly collected and historical, producing integrated mineralogical, magnetic and structural data that rebuilds the Company's understanding of mineral systems across a district-scale dataset. The results will guide and prioritize current and future exploration programs. “With more than 120,000 metres of historical drilling across a 170 km² district, Steller offers a large body of drill core to go back and reinterpret using a modern exploration lens,” said Geordie Mark, CEO of Blue Jay Gold Corp. “We often see during boom years, large drilling programs with equally large geological teams that naturally produces variability in output styles. LithologIQ offers a cost-effective way to build consistency and bring new data into modern exploration, and we'll apply it to our extensive drill core archive to see the geology in ways no predecessor could. We're initially targeting roughly 24,000 metres of historical core for hyperspectral logging this year alone. Paired with our reprocessed regional magnetics and inversion modelling, this will let us begin resolving the three-dimensional architecture of the region to guide future exploration." Characterization Program: Growing Knowledge from a Substantial Drill Core Archive Geological knowledge and technology have advanced materially since gold production was first targeted at Steller in 1986. Blue Jay has a unique opportunity to use the archive of historical drill core stored on site, rapidly analyzing it with the latest technology to build a consistent geological dataset that grows with every new hole, enabling the maturation of the first integrated model across this district-scale system. Key features of LithologIQ's mobile scanning system are rapid, integrated, on-site data collection that combines quality, throughput (up to 2,000 m per day) and cost-effectiveness in this framework year of exploration for the Company. The analytical system uses seven sensors to collect information across mul...

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