Toronto, Ontario - Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S30) ('Signature' or the 'Company') ') is pleased to announce the results of voting at its annual general and special meeting of shareholders which was held today (the 'Meeting').
All matters submitted to the shareholders, as set out in the Company's Notice of Meeting and Management Information Circular, were approved with overwhelming support.
Update on Winter Drill Program
The Company had previously announced its intent to complete a 3,000 metre ('m') diamond drillhole ('DDH') program with the intent of extending the known mineralization at depth and to the west. With the closing of the oversubscribed equity offering announced on October 30, 2025, we have modified our program increasing it to eight planned DDH's for a total of approximately 3,900 metres. The gold zone intercepts are highlighted on these drill traces as well as the surface view of the North, Central and South Gold Zones that have been modeled. With the updated modeling completed earlier this year, we have been able to incorporate a prior 3D Alpha IP and Mag survey that demonstrated a high correlation between mineralization and areas of high chargeability and low resistivity. The surface view of the modeled gold zones and drill traces have been overlayed onto the resistivity survey at a depth of 225 m.
About Signature Resources Ltd.
The Company is a Canadian based advanced stage exploration company focused on expanding the 100% Lingman Lake gold deposit, located within the prolific Red Lake district in Northwestern Ontario, Canada. The Lingman Lake gold property (the 'Property') consists of 1,274 single-cell and 13 multi-cell staked claims, four freehold fully patented claims and 14 mineral rights patented claims totaling approximately 24,821 hectares. The Property includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-metre shaft, and 3-levels at depths of 46-metres, 84-metres and 122-metres. There has been over 43,222 metres of drilling done on the Property and four 500-pound bulk samples that averaged 19 grams per tonne of gold. The Company's initial mineral resource estimate was published in the report entitled 'NI 43-101 Technical Report on the Lingman Lake Property' dated May 31, 2025 prepared by Gehard Kiessling, P. Geo., Farshid Ghazanfari, P. Geo., Marin Drennan, P. Eng., Cameron Finlayson and Jeff Plate,CFA, P. Geo, of Watts, Griffis and McOuat Geologic Mining Consultants. The initial mineral resource published was estimated to contained 2.145 million tonnes of material grading 1.38 g/t Au for an estimated 95,200 ounces in the indicated category and 18.398 million tonnes of material with an average grade of 1.14 g/t Au for an estimated 674,320 ounces in the inferred category at a cutoff grade of 0.30 g/t. The company is focused on rapidly expanding the known mineralized envelope with its 100% owned diamond drilling rigs. In November 2023, Wataynikaneyap Power energized a new 115kV high tension transmission line within 40 km of the historic Lingman Lake Mine.
Contact:
Dan Denbow
Tel: (800) 259-0150
Email: info@signatureresources.ca
Web: www.signatureresources.ca
John Boidman
Email: jboidman@renmarkfinancial.com
Tel: (416) 644-2020
Web: www.renmarkfinancial.com
Cautionary Notes
This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information.
Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions and risks associated with infectious diseases and global geopolitical events. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to changes in general economic and financial market conditions, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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