18:50:34 EDT Wed 03 Jun 2026
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Elysian Mineral Exploration Corp
Symbol ELYX
Shares Issued 14,211,720
Close 2026-05-19 C$ 0.065
Market Cap C$ 923,762
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Elysian completes geophysical survey at Namew Lake

2026-06-03 17:36 ET - News Release

Mr. Giordy Belfiore reports

ELYSIAN MINERAL EXPLORATION COMPLETES VTEM AIRBORNE GEOPHYSICAL SURVEY AT THE NAMEW LAKE NICKEL SULFIDE PROJECT, SASKATCHEWAN

Elysian Capital Corp. has successfully completed a helicopter-borne versatile time domain electromagnetic (VTEM) geophysical survey over its Namew Lake nickel sulphide project, located in Northern Saskatchewan.

The survey covered approximately 28 square kilometres (km), with 299 line km flown, and included advanced electromagnetic (EM) and magnetic geophysical systems designed to identify conductive and structural features potentially associated with nickel sulphide mineralization.

Survey results identified multiple electromagnetic and magnetic anomalies across the project area, including several mid-to-late time conductive responses considered prospective for sulphide mineralization. Resistivity-depth imaging (RDI) was also completed to support interpretation of the VTEM data and enhance subsurface targeting.

The results highlight several areas of interest for follow-up exploration and provide an important data set for advancing drill targeting at Namew Lake. Recommended next steps include detailed EM anomaly modelling, advanced magnetic interpretation and integrated geophysical analysis to refine and prioritize targets for future ground exploration and drilling programs.

Management believes the survey results further support the exploration potential of the Namew Lake project and represent a significant step forward in defining prospective nickel sulphide targets within the property.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Darren Slugoski, PGeo, consultant of the company, who is recognized as a qualified person under the guidelines of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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