Mr. Robert Brown reports

FINLAY MINERALS SAMPLES 1.17% CU AND 103.5 G/T AG ACROSS 21.7 METERS OF A CONTINUOUS CHIP SAMPLE ON THE SAY PROPERTY

Finlay Minerals Ltd. has released assay results from the 2024 inaugural field exploration program on its high-grade copper and silver Say property in Northern British Columbia.

The field program concentrated on chip sampling and mapping along the 4.3-kilometre-long Spur trend, leading to the discovery of the AG zone and confirming the continuity of high-grade Cu-Ag mineralization in the East Breccia zone. As a result of these highly encouraging results, the company staked an additional 4,665 hectares, increasing the size of the property by 44 per cent.

Highlights:

• Discovery and expansion of the AG zone, a 200-metre-by-200-metre zone displaying multidirectional Cu-Ag mineralized brittle fracturing, with a 9.5-metre chip sample assaying 0.94 per cent Cu and 18.1 grams per tonne Ag and another 4.5-metre chip sample assaying 0.85 per cent Cu and 35.3 g/t Ag; the AG zone remains open to the west and south;
• Multiple high-grade Cu-Ag chip samples in the East Breccia zone demonstrate continuity and grade along its trend, including a 21.7-metre sample that assayed 1.17 per cent Cu and 103.5 g/t Ag, a 10.0-metre sample that assayed 1.62 per cent Cu and 164.5 g/t Ag, and a 20.3-metre sample that assayed 0.57 per cent Cu and 72.6 g/t Ag;
• Extension of the East Breccia zone to 500 metres along strike; it remains open to the southeast; the widths of this zone vary from 0.1 m to 3.75 m, with one chip sample measuring 3.75 metres and assaying 2.41 per cent Cu and 271 g/t Ag;
• High-grade Cu and Ag breccias/shears were chip sampled within the Western shear, including 3.25-metre sample assaying 5.90 per cent Cu and 369 g/t Ag;
• Expansion of the property by 44 per cent with the staking of a further 4,665 hectares to the west of the Spur trend, enlarging the property to 15,234 hectares;
• Planning is under way for a substantial and systematic 2025 exploration program to enlarge the new AG zone, vector into the source of the Cu-Ag mineralizing system, and continue the evaluation of the Cu-Ag fracture mineralization noted along the 4.3-kilometre-long Spur trend;
• A total of 47 chip and rock samples were collected, with 33 chip/composite samples, seven rock samples collected at the Spur trend and seven at Shel.

Robert Brown, president and chief executive officer, stated: "Finlay's recent field program along the known 4.3-kilometre Cu-Ag Spur trend on the Say property not only met but exceeded our expectations. The promising discovery of the AG zone, a substantial 200-metre-by-200-metre area, confirmation of continuity within the East Breccia zone and high-grade samples from the Western shear zone resulted in key targets for in-depth evaluation in 2025. These high-grade targets and the newly acquired ground present exciting opportunities for further discoveries."

The AG zone

The AG zone, located southwest and on trend from the East Breccia, shows increased fracturing, shearing and brittleness in the volcanic lower Jurassic Telkwa formation of the Hazelton group. It features significant alteration and mineralization in the surrounding structures, with a mineralized footprint of approximately 200 m by 200 m, characterized by microveinlets filled with bornite, chalcocite and chalcopyrite. Minor diorite and monzonitic dikes are also present. The zone remains open to the west and southwest, where outcrops are obscured by talus and vegetation. Previously, it was identified as sporadic float and outcrop samples with dikes intruding through the Telkwa formation.

The East Breccia

Ten zones were chip sampled in the Spur area, focusing on the East Breccia zone, which was sampled at three locations perpendicular to the trend. Mineralization includes pink k-feldspar and calcite-forming veins and breccia containing chalcocite, bornite, chalcopyrite, malachite and galena. The concentration of mineralization is higher in the matrix than in the clasts. Although the East Breccia is thin and discontinuous in the north, it thickens to the south, with wider dilation zones that yield higher average grades of copper and silver. These zones are often adjacent to recognizable faults, resulting in reduced outcrop exposure. Chip sampling aimed to better understand the mineralization styles, breccia composition and potential feeder zone. The program confirmed that high-grade Cu and Ag mineralization extends along strike of the East Breccia zone.

Preparations are under way for the 2025 exploration program, which will include mapping and sampling along the 4.3-kilometre Spur trend to identify additional high-grade Cu-Ag structures and to potentially expand the AG zone to the south and west. An airborne magnetic survey will also be conducted to help identify structural trends.

The Say property spans 15,234 hectares, situated 140 kilometres north of Smithers, B.C., and lies within a 135-kilometre-long belt of unexplored Stikine terrane, extending from American Eagle Gold's Nak and Amarc Resources/Boliden's Duke prospects in the south to the Red Spring sediment-hosted Cu-Ag mineralized showing in the north.

Sampling methods and quality assurance/quality control

Chip sample breaks were generally selected by changes in the quality of the outcrop exposure. Suboutcrop was defined as areas with abundant angular material that conformed to the expected orientation and width of the projected breccia but may have shifted apparently due to frost heave. Float was only sampled in areas where the breccia was angular, abundant and concentrated along the expected strike. For areas defined as float, composite samples were collected: golf-ball-sized pieces of breccia were selected at 0.5-metre intervals.

The chip and rock samples were collected at the exploration site in sample bags, and a sample tag was placed in each sample bag. Sample information was catalogued within hand-held devices. Samples were then placed into sealed and secure bags, and dropped off at ALS Global Laboratory in Kamloops, B.C. Rock samples were crushed to 70 per cent less than two millimetres, rotary split off 250 grams, and pulverized and split to better than 85 per cent passing 75 microns. Rock samples were analyzed for 48 elements by four-acid digestion supertrace (ME-MS61) on a 0.25-gram sample. Gold was analyzed by fire assay on a 30-gram sample with an AAS finish (method Au-AA23). Overlimit copper and silver were reanalyzed by four-acid digestion and an ICP finish on a 0.4-gram sample.

In addition to the ALS Global Laboratory QA/QC protocols, Finlay implements an internal QA/QC program that includes the insertion of standards and blanks into the rock sample stream.

Qualified person

Wade Barnes, PGeo, vice-president, exploration, for Finlay, a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About Finlay Minerals Ltd.

Finlay is a TSX Venture Exchange company focused on exploration for base and precious metal deposits with four properties in Northern British Columbia. In addition to the Say, the company has two Toodoggone properties and the Silver Hope property surrounding the past-producing Equity silver mine:

• The Atty property covers 4,498 hectares of subalpine terrain in the southern Toodoggone region. The Toodoggone is a northwest-trending belt of Triassic to Jurassic arc terranes that hosts numerous significant porphyry copper-gold plus or minus silver and associated epithermal Au-Ag deposits. The Atty property is in between and contiguous to Centerra Gold's Kemess property and the joint venture Joy property held by Amarc and Freeport-McMoRan. The Atty's KEM target has similarities to the Kemess North trend, which hosts the Kemess underground and Kemess East deposits.
• The Pil property, which covers 13,965 hectares in the heart of the Toodoggone region, has numerous porphyry Cu-Au plus or minus Ag targets and associated epithermal Au-Ag mineralization. The property is in year 3 of a five-year option to Cascadia Minerals Ltd., on completion of which Cascadia would acquire a 70-per-cent interest in the Pil. Following the exercise of the option, Cascadia and Finlay would hold interests in the property of 70 per cent and 30 per cent, respectively, and a joint venture would be formed.
• The Silver Hope property covers 21,690 hectares and surrounds the past-producing Equity silver mine in the prospective Skeena Arch region of central British Columbia. The Silver Hope contains the Main trend, which is a greater-than-two-kilometre Cu-Ag-Au mineralized trend with mineralization starting at surface. West of the Main trend is the West copper-molybdenum porphyry, which is also mineralized starting from surface. The property hosts a network of forestry roads and trails, and has all-year access from Houston, B.C.

Finlay trades under the symbol FYL on the TSX Venture Exchange and under the symbol FYMNF on the OTCQB.

We seek Safe Harbor.