Mr. George Yordanov reports

NEW ANALYSIS STRENGTHENS MERCATOR GOLD SYSTEM AND CONFIRMS HIGH-GRADE BIF CONTINUITY

Canadian Goldcamps Corp. has received new gold analytical results from a high-resolution resampling program completed on drill core and mineralized material from the company's flagship Mercator gold project in the Caniapiscau district of northeastern Quebec.

George Yordanov, PGeo, president and chief executive officer, commented: "[...] The 25-centimetre resampling program has provided a more detailed view of gold distribution within the Mercator system. Of the 111 individual samples collected from previously identified mineralized intervals [...], approximately 82 per cent returned gold values above detection limits, supporting the continuity of mineralization across the intervals tested, demonstrating the widespread distribution and continuity of gold mineralization within the horizons tested. [...] The program also identified additional higher-grade intervals that are currently undergoing verification and confirmatory analytical work. Results from this ongoing review are expected to be reported in a subsequent news release. [...] The data generated through this program will help refine exploration targeting and support the next phase of work at the Mercator gold project [...]."

The program consisted of 111 subsamples cut at 25-centimetre intervals from previously mineralized intervals in drill holes MCT-22-08, MCT-22-11 and MCT-22-03 as well as from three additional mineralized zones currently under characterization (identified internally as zones Unid-1, Unid-2 and Unid-3). All samples were analyzed by Impact Geosciences (IGS) in Delson, Que., using lead-fusion fire assay with ICP-OES finish (RDL 0.006 part per million gold). The results further support the interpretation of a stratiform gold system hosted within granulite-facies silicate-sulphide banded iron formations (BIFs) of the Meridian zone.

Highlights of the 25-centimetre resampling program:

• Approximately 82 per cent of the 111 high-resolution samples returned gold values above detection limits, supporting the continuity of mineralization across multiple drill intercepts and target zones.
• Drill hole MCT-22-11: Subsampling returned 6.77 grams per tonne gold (sample 22-011-14) and 6.30 g/t Au (sample 22-011-27); 16 of 35 subsamples returned greater than or equal to 1.0 g/t Au, confirming the sustained high-grade nature of this intersection.
• Drill hole MCT-22-08: Subsampling returned 3.40 g/t Au (sample 22-008-06), 3.22 g/t Au (sample 22-008-21) and 2.93 g/t Au (sample 22-008-22); 11 of 25 subsamples returned greater than or equal to 1.0 g/t Au, with the 25-centimetre resolution successfully isolating individual high-grade bands within the broader 17.80-metre mineralized envelope previously reported (2.62 g/t Au).
• Drill hole MCT-22-03: Five of 19 subsamples returned greater than or equal to 1.0 g/t Au, with a peak value of 1.48 g/t Au (sample 22-003-8).
• Zones Unid-1, Unid-2 and Unid-3: Out of 30 subsamples, 19 returned greater than or equal to 1.0 g/t Au, with six subsamples exceeding 2.0 g/t gold, establishing these zones as priority targets for follow-up work during the 2026 field season.
• Strong reproducibility: Laboratory replicate analysis of the highest subsample (22-011-14) returned 6.77 g/t Au and 6.99 g/t Au on independent aliquots, demonstrating excellent intrasample homogeneity at the 25-centimetre scale.
• Quality assurance: All certified reference materials (Oreas 236, certified at 1.85 parts per million Au) returned recoveries between 0.978 and 1.054 of expected value (within one to two sigmas); all blanks returned values below the reportable detection limit.
• Multielement data pending: Additional analytical work covering arsenic, copper, sulphur and the full pathfinder suite (arsenic, copper, Fe2O3 (iron oxide), MnO (manganese oxide), sulphur plus or minus platinum group elements) is in progress and will be reported in a subsequent news release.

Geological setting: Mercator's granulite-facies BIF system

The Mercator property is positioned in the southeastern Churchill province of the Canadian Shield, in the Caniapiscau district of northeastern Quebec, approximately 170 kilometres west of Fermont. The property covers 113 mineral claims (equal to 58.6 square kilometres) along a regional northeast-trending metasedimentary belt characterized by strong magnetic and electromagnetic responses attributed to iron-rich metasediments and silicate-sulphide-bearing banded iron formations metamorphosed to the granulite facies.

Gold mineralization at Mercator is hosted within stratiform silicate-sulphide BIF horizons intercalated with paragneiss, pyroxene-bearing gneiss and minor mafic intrusive units. These iron formations consist of finely banded layers of: (i) quartz plus or minus chert; (ii) garnet-pyroxene assemblages dominated by iron-rich ferrosilite (orthopyroxene) and hedenbergite (clinopyroxene); and (iii) pyroxene-sulphide layers carrying variable proportions of pyrrhotite (typically 1 to 65 volume per cent), arsenopyrite, lollingite, pyrite and chalcopyrite. Accessory minerals include grunerite (iron-amphibole), stilpnomelane, pentlandite, nickeline, sphalerite and native gold.

Petrographic studies completed on representative drill core and channel samples (Arguin, 2022, 2023; reproduced in the Mercator National Instrument 43-101 technical report) demonstrate that visible native gold occurs in four distinct microenvironments: (a) as inclusions filling porosities within arsenopyrite-lollingite intergrowths; (b) associated with amphibole plus carbonate plus tourmaline alteration in proximity to pyrrhotite mineralization; (c) in late microfractures crosscutting silicate gangue; and (d) within composite epidote-pyrrhotite plus or minus chalcopyrite plus or minus graphite assemblages. This fourfold textural occurrence is consistent with a syn-metamorphic to postmetamorphic remobilization of an originally strata-bound (BIF-hosted) gold endowment, and it explains the highly variable gold distribution observed at the centimetre scale -- precisely the rationale for the 25-centimetre subsampling program now being reported.

Whole-rock geochemistry on previously analyzed Meridian zone material indicates a clear positive correlation of gold with arsenic, copper, total iron (as Fe2O3), manganese (MnO) and sulphur, and a negative correlation with Al2O3 (aluminum oxide), TiO2 (titanium dioxide) and CaO (calcium oxide). Arsenopyrite and lollingite together form a pervasive trace to 1.5-volume-per-cent sulphide population throughout mineralized intervals, and elevated arsenic concentrations (greater than 200 parts per million arsenic) serve as a reliable pathfinder for gold targeting. The company expects the pending multielement results to allow further geochemical fingerprinting of the high-grade bands identified by the current resampling program.

Surface and shallow-drilling work previously completed by Stelmine Canada Ltd. between 2020 and 2023 established a 1.7-kilometre gold-mineralized corridor along the Meridian zone, with channel and grab samples returning weighted-mean values of 0.55 to 5.10 g/t Au over channel lengths of 1.2 to 27.5 metres, and individual bands of rusted pyroxene-garnet-arsenopyrite material reproducibly returning one to 10 g/t Au. The 2022 helicopter-borne drilling campaign (13 holes, 1,937 m) tested the downdip continuity of this corridor.

Historical drill intercepts most relevant to the current resampling program include 2.62 g/t Au over 17.80 m in hole MCT-22-08, 1.13 g/t Au over 9.00 m and 1.12 g/t Au over 4.25 m in hole MCT-22-11, and 1.13 g/t Au over 9.75 m in hole MCT-22-03. The 25-centimetre subsampling results now confirm that these composite intervals contain individual submetre BIF bands returning grades significantly higher than the composite weighted mean, providing valuable information for future geological modelling and exploration targeting should the project advance to economic studies.

Methodology

The resampling program was designed to refine the spatial distribution of gold within historically mineralized drill core intervals (and selected mineralized outcrop material) by progressively reducing the sampling support from the original 0.5-to-1.5-metre channel/core lengths to a uniform 25-centimetre support. This sampling resolution is appropriate to the centimetric-decimetric banding of the BIF protolith and is consistent with industry best practice for high-nugget systems hosted in iron formations. The 111 subsamples were submitted to Impact Geosciences (IGS), an independent ISO-grade commercial laboratory located in Delson, Que. The analytical method was a 30-gram Pb-fusion fire assay with an ICP-OES finish, validated against gravimetric fire assay (FA-GRAV-Au) for high-grade samples, with a reported detection limit of 0.006 ppm Au (Hoffman et al., 1998, IGS SOP FC-MP-SAA/ICP).

Quality assurance and quality control

The company implemented a rigorous quality control protocol consisting of insertion of certified reference materials (Oreas 236, certified value 1.85 ppm Au), preparation blanks and laboratory replicates throughout the analytical batches. All five inserted CRMs (certified reference materials) returned recoveries between 0.978 and 1.054 of the expected value, well within the one-to-two-sigma confidence envelope of the certificate. All blank samples returned gold values below the reportable detection limit (less than 0.006 ppm Au). Replicate analyses on selected high-grade aliquots, including the peak 22-011-14 subsample (6.77 g/t Au/6.99 g/t Au), confirmed acceptable intrasample reproducibility for a system known to host centimetric high-grade bands and visible gold textures.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by George Yordanov, PGeo, MSc, a qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Yordanov has personally verified the sample chain of custody, the analytical certificates issued by Impact Geosciences and the underlying QA/QC data summarized in this release.

About Canadian Goldcamps Corp.

Canadian Goldcamps is a Vancouver-based mineral exploration company focused on the discovery and advancement of gold and critical metals projects in the province of Quebec. The company's flagship asset is the Mercator gold project, a 113-claim, 58.6-square-kilometre property in the Caniapiscau district of northeastern Quebec, optioned from Stelmine Canada Ltee. Mercator hosts a confirmed, stratiform high-grade gold system within granulite-facies silicate-sulphide banded iron formations along a 1.7-kilometre mineralized corridor. The company is also assembling a strategic position in critical metals -- including rhenium and nickel/copper/PGE -- across multiple underexplored districts of Quebec.