Mr. Paul Wood reports
BTU ACQUIRES PROPERTY EAST OF GREAT BEAR'S WORLD CLASS DIXIE GOLD DEPOSIT AND THEIR NEW STRIDER GOLD DISCOVERY
BTU Metals Corp. has signed an option to acquire a 100-per-cent interest in the Dixie East block 2 property located approximately 30 kilometres east of the Kinross world-class Great Bear Dixie project, southeast of Red Lake, Ont. The claim package consists of 49 mining claims covering 2,450 acres approximately two kilometres northeast of the recently acquired Dixie East project (see press release dated Oct. 27, 2025), referred to as Dixie East block 1.
New property acquisition highlights:
- Strategic land expansion in Tier 1 Red Lake district: option to acquire a 100-per-cent interest in the Dixie East block 2 claims, located approximately 30 km east of the Great Bear Dixie project, further consolidating the company's position near Canada's newest world-class gold discovery;
- District-scale upside along prospective mineral corridor: newly acquired claims are underexplored and situated within the interpreted location of the same generally east-trending structural corridor that hosts gold and base metal mineralization regionally, enhancing the broader exploration potential of the Dixie East project and supporting a district-scale growth strategy;
- Recent research initiatives identified deep regional structures: cutting through the area, these structures include the host for gold at the Great Bear deposit -- the LP fault; the actual data supporting the location of the LP (lithoprobe) structure were collected along Highway 105 roughly halfway between the Great Bear gold deposit and the Dixie East area;
- New scientific research: has determined the age of the Great Bear main gold mineralizing event to be much younger than the enclosing host rocks, highlighting the strong association of structure and the gold mineralization; the study also highlights the association of gold mineralization with highly deformed felsic intrusive rocks similar to those found in some historic drill holes in the Dixie East area;
- Kinross discovers new gold mineralization: recently disclosed high-grade gold results up to 215.4 grams per tonne gold over 2.1 metres at a location called Strider, 2.4 kilometres east of the Viggo gold area and planned open pit, indicating the Great Bear gold mineralization is more extensive than previously known;
- Low-cost option with strong leverage to discovery: BTU can earn 100-per-cent interest in the property through modest staged payments totalling $78,000 and issuing 400,000 shares to the vendor over four years, thereby providing cost-effective exposure to exploration upside with minimal near-term financial burden.
Paul Wood, chief executive officer, commented: "We're very pleased to expand our total footprint in the Dixie East area with the acquisition of this prospective land package, a strategic addition that strengthens the long-term potential of our existing Dixie East project. This move positions us to unlock new opportunities for growth, value creation and sustained success in an increasingly dynamic gold market.
Terms of the Dixie East transaction
To acquire a 100-per-cent interest in the Dixie East block 2 claims (49), the company is required to make cumulative cash payments of $78,000 over four years and is required to issue 400,000 shares to the vendor. This transaction is subject to approval by the TSX Venture Exchange. The shares issued will be subject to normal course trading restrictions.
Qualified person
Bruce Durham, PGeo, vice-president, exploration, of the company, is a qualified person as defined by National Instrument 43-101, and has reviewed and approved the technical information in this press release.
About BTU Metals Corp.
BTU Metals is a junior mining exploration company. BTU's primary assets are the Dixie Halo project located in Red Lake, Ont. (optioned to Kinross), immediately adjacent to the Kinross Great Bear project and its gold and critical mineral properties in the active Wawa gold district. The company continues to look to acquire high-quality exploration projects to add to its portfolio for the benefit of its stakeholders. The company has no debt and minimal property obligations.
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