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Gold Finder Resources Ltd
Symbol GLD
Shares Issued 68,775,201
Close 2026-07-07 C$ 0.055
Market Cap C$ 3,782,636
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Gold Finder begins summer fieldwork at West Madsen

2026-07-07 19:38 ET - News Release

Mr. Gregory Lytle reports

SUMMER FIELDWORK UNDERWAY AT GOLD FINDER'S WEST MADSEN GOLD PROJECT, RED LAKE, ONTARIO

Summer fieldwork is under way at Gold Finder Resources Ltd.'s 100-per-cent-owned West Madsen gold property, which is contiguous with the Madsen mine property owned by West Red Lake Gold Mines (WRLG).

WRLG recently announced a 4,000-metre drill program at the past-producing Starratt-Olsen mine (see WRLG's news release dated June 16, 2026), located 2.7 kilometres (km) northeast of the property's eastern claim boundary. Like the Madsen mine, Starratt-Olsen straddles the regional Balmer-Confederation unconformity (Dube et al., 2000), which is interpreted to extend through the West Madsen block A claim group.

Gold Finder's summer 2026 program will continue exploration at the western and eastern extremes of the block A claim group, where favourable structures, particularly the Balmer-Confederation unconformity, are interpreted to pass through and where gold anomalies were identified in rock and soil samples last year (see Gold Finder's news releases dated Sept. 9, 2025, and Feb. 11, 2026).

During the fall 2025 program, Balmer ultramafic rocks were identified farther south than previously thought to occur, in the eastern part of block A, near gold-in-soil anomalies identified in the summer 2025 program (see the Feb. 11, 2026, news release).

Summer fieldwork will focus on geological mapping and prospecting to better define the position of the Balmer-Confederation contact zone. The work will also evaluate lithologies, including ultramafic rocks and iron formation, within the Balmer assemblage that may help target gold mineralization.

"We are pleased to acknowledge the support of the Ontario junior exploration program (OJEP) for the West Madsen gold project," said Greg Lytle, president of Gold Finder. "Ontario's Minister of Energy and Mines, Stephen Lecce, announced the OJEP funding recipients at a press conference in Sudbury, Ont., on March 19, 2026. The province is investing $10-million (Canadian) in junior mineral exploration and Gold Finder is proud to be one of 68 exploration companies that received OJEP funding."

About the West Madsen gold property

The West Madsen gold property covers 5,988 hectares in the heart of the Red Lake gold camp and consists of two contiguous claim blocks: block A to the east; and block B to the west. Both blocks are accessible via secondary roads that connect to Ontario HWY 618 and the town of Red Lake, located 15 kilometres northeast. Block A adjoins the Madsen mine property, owned by West Red Lake Gold Mines, which declared commercial production at the Madsen gold mine last January (see WRLG's news release dated Jan. 12, 2026).

The bulk of the mineral resources on the Madsen mine property are hosted in an approximately seven-kilometre-long gold trend that follows the major crustal break or contact between the Balmer and Confederation assemblages. Gold Finder has observed the same Balmer-Confederation contact in outcrop approximately 1.5 kilometres west of the block A eastern claim boundary and identified it within an approximately eight-kilometre corridor of disrupted regional magnetics that traverses block A from the Madsen mine property.

Since acquiring the original claim blocks from Great Bear Resources in 2019 and additional claims from Bounty Gold in 2020 to expand block A, Gold Finder has focused its exploration on block A. Work has included geophysical interpretations, regional mapping and prospecting, rock sampling, a soil-gas-hydrocarbon SGH survey, and approximately 11,100 metres of diamond drilling over 28 holes.

Diamond drilling has identified gold anomalies in both Balmer and Confederation assemblage rocks. In 2020, drilling intersected 14.4 grams per tonne (g/t) Au over 0.5 metre (m) in strongly altered Balmer mafic volcanic rocks (hole WM-20-05, see the news release dated July 22, 2020). In 2021, drill hole WM-21-22 intersected 0.16 g/t Au over 195 metres, including 0.51 g/t Au over 10.90 metres from felsic intrusive rocks of the Confederation assemblage (see the news release dated June 1, 2021). In 2024, follow-up drilling in hole WM-24-05, 100 metres along strike to the southwest of WM-21-22, intersected 0.28 g/t Au over 15 metres from the felsic intrusive rocks and 0.85 g/t Au over 9.44 metres from silicified metasediments in the hangingwall to the felsic intrusive rocks (see the news release dated Nov. 7, 2024). For more details, see the West Madsen page of Gold Finder's website.

The technical information in this news release was reviewed and approved by Coleman Robertson, BSc, PGeo, a qualified person (QP) for the purposes of National Instrument 43-101 and vice-president of exploration for Emerald Geological Services.

About Gold Finder Resources Ltd.

Gold Finder is a mineral exploration company focused on discovery-stage properties. The company's goal is to acquire properties through staking or option agreements, define or redefine the exploration opportunity, maintain ownership control during the value-creation phase of discovery, and source a well-financed partner capable of accelerating discovery, resource definition and development. Although mineral exploration is inherently high risk, success during the discovery phase of a project life cycle has consistently created the greatest shareholder wealth in the resource sector.

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