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Trident Resources Corp
Symbol ROCK
Shares Issued 39,759,873
Close 2026-06-17 C$ 4.08
Market Cap C$ 162,220,282
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Trident drills 3.42 m of 41.46 g/t Au at Contact Lake

2026-06-17 18:00 ET - News Release

Mr. Jonathan Wiesblatt reports

TRIDENT RESOURCES INTERSECTS 41.46 G/T OVER 3.42M INCLUDING 81.75 G/T OVER 1.73M IN HOLE CL26033 AT THE CONTACT LAKE PROJECT IN SASKATCHEWAN

Trident Resources Corp. has released assay results for the final seven diamond drill holes from the 2026 winter drill program at the Contact Lake gold project in Northern Saskatchewan. All seven holes were drilled on winter ice into the BK3 zone at the Contact Lake target area and intersected high-grade gold mineralization, further validating the potential of the BK3 zone to host substantial gold mineralization. Eleven holes remain unreported with assays pending from the Preview Lake deposit area located approximately three kilometres from the Contact Lake target area.

These results from the BK3 zone illustrate the robust characteristics of the mineralizing system present at Contact Lake that has consistently returned high-grade gold horizons at surface and at depth. The winter drill program has reinforced that the Contact Lake deposit is open for expansion along strike in all directions and at depth. Trident has recently recommenced drilling at the project, with over 20,000 metres planned for this summer and fall.

Highlights:

  • Hole CL26033 returned 41.46 grams per tonne gold over 3.42 metres from 207.58 m:
    • Including 81.75 g/t Au over 1.73 m from 208.67 m;
    • Including 179.5 g/t Au over 0.73 m from 208.67 m;
  • Hole CL26045 returned 5.43 g/t Au over 16.00 m from 206.00 m:
    • Including 12.70 g/t Au over 6.25 m from 215.75 m;
  • Hole CL26047 returned 10.05 g/t Au over 9.30 m from 221.00 m:
    • Including 156.50 g/t Au over 0.50 m from 229.80 m;
  • Hole CL26048 returned 6.78 g/t Au over 10.25 m from 42.00 m:
    • Including 17.10 g/t Au over 3.40 m from 50.60 m;
    • Including 112.50 g/t Au over 0.50 m from 51.19 m.

Jon Weisblatt, Trident's chief executive officer and director, commented: "We are incredibly pleased with these results from the Contact Lake winter drill program as all the holes intersected gold mineralization and the program exceeded our expectations. The strength and continuity of the mineralization we're seeing confirms our belief that the Contact Lake target area is highly prospective within the project area and within Trident's entire portfolio. These results warrant much more drilling to test the extension at depth and along strike. It should be noted that the Contact Lake project is just one of several sizable projects in our portfolio as we systematically work towards unlocking the regional potential in the La Ronge gold belt looking to create Canada's next mining camp.

"The former Cameco mine produced approximately 200,000 ounces of gold at impressive grades of six to seven grams per tonne before closing in 1998, at which time gold prices were approximately $300 [U.S.] per ounce. Our early success clearly indicates that significant high-grade gold mineralization was left behind, and modern exploration is quickly growing the size of these mineralized zones. The company has approximately $26-million in treasury and is fully funded for the 2026 summer program and beyond, allowing us to advance the Contact Lake gold project expeditiously with the current plus-20,000-metre phase of drilling under way."

Summary of drilling

The results from this release are from holes CL26033, CL26043, CL26044, CL26045, CL26046, CL26047 and CL26048. The holes targeted mineralization in the BK3 zone, where separate splays of the Bakos shear zone display variably intense shearing and alteration with significant gold mineralization present within the shear as well as in the hangingwall and the footwall of the structure. The winter drill program at Contact Lake comprised 10,127 m in 29 holes, all of which reported notable intercepts of gold mineralization.

The summer 2026 drill program commenced with two drill rigs, drill equipment and personnel presently on site for what is anticipated to be approximately 20,000 m of additional drilling that will test the Contact Lake deposit at depth and along strike toward the west.

Contact Lake gold project overview

The Contact Lake gold project covers approximately 22,790 hectares and includes the past-producing Contact Lake gold mine, which produced approximately 190,000 ounces of gold at an average head grade of 6.16 g/t Au during active mining operations between 1994 to 1998. At the time of mine closure, the price of gold hovered around $300 (U.S.) per ounce and Cameco Corp. reported that substantial gold resources were left unmined. Situated in the highly prospective La Ronge Gold belt of Saskatchewan, the Contact Lake property also hosts the Preview SW, Preview North and the North Lake orogenic gold deposits.

Along with the Greywacke North deposit (located by road 40 kilometres northeast of Contact Lake), these four deposits are wholly owned by Trident Resources and host current mineral resource estimates (see Trident's news release dated Nov. 24, 2025), which do not include any gold-related ounces from the past-producing Contact Lake target area.

Quality assurance and quality control

All drill core is logged, photographed and cut in half with a diamond saw. Half of the core is placed in sealed poly bags with unique identification numbers and transported to ALS Global in Saskatoon, Sask., for analysis, while the other half is archived and stored on site for verification and reference purposes.

At the lab, samples are received and digitally recorded then dried and pulverized into a fine powder. Gold is assayed using a 30-gram fire assay method and 49 additional elements are analyzed by inductively coupled plasma (ICP) utilizing a four-acid digestion. Secondary metallic screen analyses are performed on select mineralized zones and all samples that return greater than three g/t Au to quantify the nugget effect of the gold mineralization. Quality assurance and quality control (QA/QC) samples, including field blanks, duplicates and lab-certified standards, are inserted in the sample stream at a rate of greater than 10 per cent of all samples submitted to the lab. ALS Global also conducts its own internal QA/QC protocol.

Qualified person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Cornell McDowell, PGeo, vice-president, exploration, for Trident Resources and the qualified person for Trident as defined by National Instrument 43-101.

About Trident Resources Corp.

Trident Resources is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the acquisition and development of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The company is aggressively advancing its 100-per-cent-owned Contact Lake and Greywacke Lake projects, which host significant gold resources located within the prospective and underexplored La Ronge gold belt, as well as the 100-per-cent-owned Knife Lake copper project, which contains a historical copper resource.

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