Dr. Elena Clarici reports

GROUND MAGNETIC SURVEY COMMENCES AT ELECTRUM'S TIMOK EAST COPPER-GOLD PROJECT IN EASTERN SERBIA

Electrum Discovery Corp. has commenced a planned ground magnetic survey at the Timok East copper-gold project, located in eastern Serbia. The project consists of three mineral permits: Bukova Glava, Luka and Makoviste covering 123 square kilometres.

"The results of this ground magnetic survey will better define our understanding of prevailing geological systems at Timok East and will be integral to refining our high-priority targets across this prospective land package," commented Dr. Elena Clarici, chief executive officer of Electrum Discovery. "The survey will provide us with additional tools to vector in on skarn and porphyry targets across the Bambino/Northern Skarn trend and refine the Western Mag target for the next phase of exploration."

The ground magnetic survey will cover 59 square kilometres across the Makoviste and Luka licences, comprising a total of 280 line kilometres. It will employ a baseline line spacing of 300 metres, with more detailed 150-metre line spacing over prioritized target areas previously identified through mapping, rock and soil sampling, and regional geophysical interpretations.

The primary objective of this survey is to identify magnetic responses potentially linked with porphyry deposit alteration at the Western Mag target and magnetite-rich zones within skarn systems along the Bambino/Northern Skarn trend. The magnetic survey is expected to play a significant role in fine-tuning Electrum's exploration strategy and the next phase of drill targeting in a number of ways, such as the following.

Detecting magnetic signatures of alteration and mineralization

Porphyry copper deposits often produce distinct magnetic signatures due to the formation or destruction of magnetite during hydrothermal alteration. Early potassic alteration may generate magnetic highs while later-stage alteration can lead to magnetite depletion and magnetic lows. These variations create anomalies that help outline the geometry of porphyry systems and vector toward mineralized centres. At the Western Mag target, the survey aims to refine a broad magnetic anomaly interpreted as a potential porphyry centre, helping define alteration zones and prioritize drill targets that are not exposed at surface.

In skarn systems in the region, the core zones of mineralization typically exhibit increased magnetite content. This can generate strong, localized magnetic highs with the background sedimentary host rocks. The magnetic survey will assist in vectoring toward potentially higher-grade skarn zones along the Bambino/Northern Skarn trend, where magnetite enrichment may be correlated with increased copper-gold-silver mineralization.

Mapping intrusive bodies

Ground magnetics is expected to delineate the shape, extent and differentiate phases of intrusive bodies, which act as the heat and metal sources for both porphyry and skarn systems. This information is crucial for understanding the source and distribution of mineralization, which gives context needed for more efficient targeting across Timok East.

Structural mapping

Additionally, magnetic data will be used to identify key structural features, such as faults, fractures, silicified zones and lithological contacts, that are often concealed beneath surface cover. These structures represent potential pathways for mineralizing fluids and can play a critical role in controlling fluid flow and potential metal deposition. By spatially mapping these features, the magnetic survey will enhance the geological understanding of the structural regime at Timok East and contribute directly to refining exploration targets.

When integrated with geological, geochemical and other geophysical data (such as the company's previous IP (induced polarization) and AMT (audio-frequency magnetotelluric) surveys), magnetic data add an important layer of detail that will enable the company to refine exploration targets ahead of the next phase of exploration at Timok East.

Qualified person

The scientific and technical contents of this news release have been reviewed and approved by Thomas Sant, BSc, FGS, CGeol, EurGeol. Mr. Sant is a non-independent qualified person as defined by National Instrument 43-101 and the vice-president, operations, of the company.

About Electrum Discovery Corp.

Electrum Discovery is an emerging mineral exploration and development company focused on the prolific Western Tethyan belt with two main projects spanning 645 square kilometres of prospective exploration ground in the Republic of Serbia.

Timok East extends over 123 square kilometres across the Timok copper-gold region and includes the recently discovered Bambino copper-gold anomaly, located less than five kilometres from the Bor copper-gold mining complex.

Novo Tlamino, located in the southeast of the Republic of Serbia, covers 522 square kilometres and includes an inferred mineral resource estimate of 670,000 ounces gold equivalent (7.1 million tonnes at 2.9 grams per tonne gold equivalent average grade) (preliminary economic assessment; Jan. 7, 2021).

Electrum Discovery is looking to maximize the value of the company's mineral projects for all stakeholders, including its shareholders, the local community and government. Electrum Discovery has an open-door policy and encourages all stakeholders to contact the company through its website. Electrum Discovery has a strong environmental and ethics policy to complete all its work in line with regulations in an open and transparent process. Electrum Discovery's projects are at an early stage, and the company plans to continue its consultation with all stakeholders in a climate of mutual respect while fostering sustainability, governance and knowledge transfer in the region.

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