Mr. Derrick Weyrauch reports

GT RESOURCES RECEIVES 10-YEAR, CLASS III EXPLORATION PERMIT FOR THE CANALASK COPPER - NICKEL PROJECT, YUKON

GT Resources Inc. has received a Class III exploration permit, which is valid for 10 years, for the road-accessible Canalask copper-nickel project in Yukon.

In 2024, the company undertook a drill program at Canalask which returned 1.95 per cent nickel, 0.05 per cent copper, 0.03 per cent cobalt, 0.19 grams per tonne gold and 0.44 g/t palladium over 33.5 metres near surface in hole CSK24-05 in the Footwall zone (see news release: Nov. 4, 2024). This drill program was undertaken via a Class I exploration permit, which restricted activities and access. This new Class III exploration permit is valid for 10 years and expands activities that can be undertaken, crucially allowing for the construction of new trails that will provide access for additional drilling. GT applied for this permit in January, 2023, and would like to thank all those who have worked diligently with the company to bring it to fruition.

The Canalask project is located in the Whitehorse mining district, approximately 320 kilometres west of Whitehorse and is road accessible from the Alaska Highway near Beaver Creek, Yukon. The property hosts the White River intrusive complex (WRIC), which in turn forms part of the Kluane mafic-ultramafic belt, which includes nickel-copper deposits such as Nickel Shaw, owned by Nickel Creek Platinum and which hosts a National Instrument 43-101 measured and indicated resource of 323 million tonnes grading 0.26 per cent nickel and 0.15 per cent copper (see Nickle Creek Platinum's 2023 National Instrument 43-101 technical report).

Exploration targets

The WRIC is a favourable setting for magmatic copper and nickel sulphide mineralization and is considered a feeder system with a high volume of magma flow. Due to the abundance of magmatic Ni-Cu-PGE showings at the base of the WRIC and the discovery of the nickel-rich Canalask footwall deposit, the project hosts strong potential for both magmatic feeder-type basal deposits and epigenetic footwall-type footwall deposits. The geological setting draws comparison to the world-class Norilsk Ni-Cu-PGE camp.

The project also possesses copper-gold skarn-style mineralization with drill intersection of up to 2.4 per cent Cu and 3.1 g/t Au over 1.0 metre in hole CSK24-05 (see news release Dec. 10, 2024).

Disclaimer -- historical resource estimate -- Canalask

Readers are cautioned that the company has not attempted to verify historic mineral resource estimates and therefore readers should not place any reliance on any historical estimate. A qualified person has not done sufficient work to classify a historical estimate as a current mineral resource, additionally, a qualified person has not yet determined what work needs to be done to upgrade or verify the historical estimate as a current mineral resources or mineral reserves. The company is not treating the historical estimate as a current mineral resources.

The historical resource estimate on the Main zone (also referred to as the Footwall zone) of the Canalask project is quoted at 400,000 tonnes at 1.35 per cent nickel (copper was not reported) by Discovery Mines Ltd. in 1968 (Yukon assessment report 094599). The parameters, methodology and categorize used are not known, and thus the reliability of the estimate cannot be determined, however, it is still considered relevant as underground development and diamond drilling in the 1950 and 1960s supported the estimate and provides a guide for future exploration.

Qualified person

The technical information in this release has been reviewed and approved by Neil Pettigrew, MSc, PGeo, vice-president of exploration and a director of the company and the qualified person as defined by National Instrument 43-101.

About GT Resources Inc.

GT Resources is a mineral exploration company focused on the discovery and derisking of district-scale assets in top tier mining jurisdictions. The company's strategy is driven by a disciplined, science-based methodology designed to create shareholder value by advancing high-potential properties toward production within robust regulatory frameworks.

In Finland, the company is advancing its flagship Lantinen Koillismaa (LK) project, which hosts significant mineral resources including palladium, platinum, gold, copper and nickel. In Canada, GT maintains a portfolio of earlier-stage, preresource projects targeting critical and precious metals. The quality and scale of the company's project portfolio has attracted strategic investment from Glencore PLC, one of the world's largest diversified natural resource companies.

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