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Caprock Mining Corp
Symbol CAPR
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Caprock Mining plans shallow drill program at Destiny

2026-04-22 17:31 ET - News Release

Mr. Vishal Gupta reports

CAPROCK ANNOUNCES PLANS TO COMMENCE DRILL PROGRAM DESIGNED FOR PIT-CONSTRAINED MINERAL RESOURCE EXPANSION AT DESTINY

Caprock Mining Corp. plans to commence a shallow drill program designed to expand the current open-pit-constrained mineral resource estimate (MRE) westward at its flagship Destiny gold property, located near Val d'Or, Que.

Caprock's president and chief executive officer, Vishal Gupta, stated: "Our recently concluded deep drilling campaign at Destiny provided excellent corroboration of our structural understanding of the mineralized system. Assays have been received for five out of the eight deep holes drilled in total and, so far, we've had a consistently strong success rate, including high-grade assay results from drill hole DES-26-183, which returned 38.48 g/t Au over 1.6 metres, encompassed within 2.84 g/t Au over 23.2 metres. We must now take some time to reconcile the results and fine-tune our targeting strategy before building on this initial success with testing the deep-seated, high-grade potential at Destiny."

Mr. Gupta added: "While we wait for assays from the remaining three deep drill holes and take the time to conduct an in-depth analysis of our deep drilling campaign, we plan to focus our efforts on the expansion of the near-surface, open-pit-constrained mineral resource at Destiny. Our technical team has identified the potential to materially expand the mineral resource westward by conducting a limited 10-hole drill program that was designed by our resource consultants at BBA E&C Inc. We plan to commence this resource expansion drill program immediately after receiving our drill permits, which are expected in the next few weeks."

Description of resource expansion drill program

The planned drill program has been designed to include 10 NQ-sized diamond drill holes totalling approximately 3,200 metres (m) of drilling. The 10 holes will be drilled from four drill pads in total and will test the extension of the mineralized domains at Destiny to the west of the current limits of the open-pit-constrained mineral resource.

Mineral resource estimate at Destiny

Destiny hosts an open-pit-constrained MRE completed in March, 2025, with the gold inventory detailed in the attached table.

The resource estimate was prepared by Todd McCracken, PGeo, of BBA E&C, in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Caprock Mining Corp.

Caprock Mining is a Canadian mineral exploration company focused on exploring precious metals in Quebec and Ontario.

The company has an option to earn a 100-per-cent interest in the Destiny gold property that comprises 127 mineral claims and encompasses an area of 5,013 hectares located less than a two-hour drive from Val d'Or, Que. Destiny lies along a major deformation corridor in the Abitibi greenstone belt that includes the prolific Cadillac-Larder Lake, Destor-Porcupine and Casa Berardi fault zones, which host numerous producing and development-stage gold deposits. The project overlies a 6.0-kilometre-long segment of the poorly explored Despinassy shear zone, which is a splay off the regional Chicobi fault. Destiny hosts a significant, open-pit-constrained, National Instrument 43-101-compliant mineral resource estimate published in March, 2025.

Additionally, the company holds a 100-per-cent interest in three gold exploration properties in the historical Beardmore-Geraldton gold belt of Ontario, a belt that has produced over four million ounces of gold historically and contains the sizable Greenstone gold project (formerly known as the Hardrock gold project), which is being brought to production by Equinox Gold.

Qualified person

The scientific and technical information disclosed in this news release has been reviewed and approved by Suzie Tremblay, who is a practising member of the Ordre Des Geologues du Quebec (OGQ No. 10664) and considered a qualified person as defined under NI 43-101. All geoscience-related activities for Destiny are being conducted under the supervision of Ms. Tremblay, vice-president at Explo-Logik.

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