McFarlane Lake Mining

CSE: MLM | OTCQB: MLMLF

LATEST NEWS: Early Drilling Extends Gold Mineralization

Disseminated on behalf of McFarlane Lake Mining Limited. This INFORMATION contains DATA solely prepared in accordance with Canadian Mining Standards and Not US Mining Standards pursuant to Regulation S-K 1300.

McFarlane Lake Mining: A Compelling Gold Exploration & Mining Company

Image of McFarlane Lake Mining logo.

SYMBOLS:

CSE: MLM | OTCQB: MLMLF

The Big Picture: McFarlane Lake Mining is a Canadian gold explorer sitting on a significant gold deposit in Ontario’s world-renowned Abitibi region—one of the most productive gold districts on the planet.

What They Have: An extensive gold resource running throughout their flagship Juby Gold Project – supported by technical reports, geological modeling and assay results from over 116,000 meters of drilling, all conducted to Canadian NI 43-101 resource standards which are used extensively in gold projects around the world.  Over 3 million ounces of inferred resources (0.89 g/t gold) and over 1 million ounces of indicated resources (0.98 g/t gold). To put it in perspective, at today’s gold prices (~$3,000+/oz), the company estimates point toward a significant opportunity for company growth—with an expansive region that remains open for exploration and expansion. 

Why It Matters Now: McFarlane is undervalued to its peer group, trading at a market cap of $10 per contained ounce of gold while their peer group is trading between $40 to $60 per contained ounce. McFarlane’s recent resource estimate was calculated conservatively at $2,500/oz —and with gold now trading significantly higher (over $4,000/oz), the economic potential of this project increases substantially. A sensitivity analysis at $3,750 gold shows over 4.2 million ounces of inferred resources (0.85g/t gold) and over 1.2 million ounces of indicated resources (0.94 g/t gold).  Demonstrating tremendous potential for McFarlane to grow and expand operations that lead to additional opportunities for gold production on McFarlane owned properties.

The Path Forward: Development of the property include expanding resource base, doing the necessary study work and permitting to prepare the site for shipping ore – focusing on generating cash flow.   As an early-stage exploration company with a large resource base in a mining-friendly jurisdiction, McFarlane is positioned to be a significant gold producer because of the prime property they own.

A Multi-Million Ounce Gold Resource in Canada's Premier Mining District Creates Substantial Opportunities for Growth

Experienced Explorers in a Proven Gold Producing District

McFarlane Lake Mining (CSE: MLM) has positioned itself at the epicenter of one of the world’s most prolific gold-producing regions—the Abitibi Greenstone Belt. With a newly acquired flagship property with significant gold resources, according to Canadian mining standards. 

The Abitibi Belt has produced over 200 million ounces of gold since 1901 and hosts Canada’s largest gold mines. McFarlane’s Juby Gold Project sits in this same geological formation—the same rock types, the same fault structures, and the same mineral systems that created multi-billion-dollar deposits like Cote Lake, Canadian Malartic and Detour Lake.

The Gold Market: Growing Momentum

For gold explorers like McFarlane Lake, higher gold prices don’t just improve economics—they transform deposits from those generating 20% margins to over 100% margin, a huge increase in project economics. At current gold prices, McFarlane’s resource sensitivity analysis shows the Juby Gold Project contains the type and quantity of ore associated with major producers. McFarlane’s CEO believes there is potential to attract significant investor or M&A interest from major producers looking to replace depleting reserves.

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McFarlane Lake's Strategic Advantage: Infrastructure

Another key project positive—Juby is located in and around major power lines and roadways. Operating within a mining district allows access to the necessary skills to develop and operate mining and processing facilities.

The Juby Gold Project: Historically Significant

Located approximately 90 kilometers west of Temiskaming Shores in Ontario’s prolific Abitibi Greenstone Belt, the Juby Gold Project represents one of Ontario’s largest undeveloped gold deposits and is 100% owned by McFarlane.

Key Point for Investors: At a gold price of US$3,750/oz—below current market levels—the project’s resources (according to Canadian Mining Standards) expand to 1.20 million ounces Indicated and 4.2 million ounces of inferred resources according to Canadian standards – much higher when based on overall exploration and data estimates.

What Makes Juby Special?

Multi-Zone Deposit System: The project encompasses four distinct gold resource areas—Juby, Golden Lake, Big Dome, and Hydro Creek—providing multiple exploration targets and resource expansion opportunities. Golden Lake and Juby zones have been identified as having the most significant potential to add ounces to the existing resource.

Investor Note: The mineral resource estimates have been prepared by the Company’s under Canadian mining standards, which differ significantly from the requirements of Subpart 1300 of Regulation S-K of the U.S. Securities and Exchange Commission (SEC).

Open Pit & Underground Potential: The resource estimate includes both open pit and underground components, calculated using cut-off grades of 0.25 g/t gold for open pit and 1.85 g/t gold for underground resources. This dual-scenario approach provides flexibility for future development scenarios. According to McFarlane’s CEO and the Company’s geologist, drilling scheduled this winter is targeting to add an additional 500,000 to 1,000,000 ounces of gold, proving the growth potential of this resource. 

Untapped Historic Drill Core: McFarlane’s exploration team has identified nearly 10,000 metres of historic drill core that was never sampled. Some 2,000 metres of priority core is currently being processed—representing potential resource additions without the cost of new drilling.

Independent Validation: The Mineral Resource Estimate was independently prepared by BBA E&C Inc., a highly respected Canadian engineering firm, in accordance with NI 43-101 standards and CIM Definition Standards (2014).

The project hosts a current NI 43-101 compliant Mineral Resource Estimate (effective September 29, 2025):

Category Tonnes (M) Grade (g/t Au) Gold (M oz)
Indicated 31.74 0.98 1.01
Inferred (Canadian Standard) 109.48 0.89 3.17

Why MLM

Substantial Resource Base: According to Canadian mining standards and the report by the Company’s geologist, 4.18 million ounces of gold (1.01M Indicated + 3.17M Inferred) at Juby alone, with potential for 5.42 million ounces at current gold prices.

Premier Location: Situated in the world’s most prolific gold belt, surrounded by major producers who are natural acquirers of advanced projects.

Experienced Management: Led by CEO Mark Trevisiol, P.Eng., the team has quickly advanced Juby from acquisition to NI 43-101 resource estimate, environmental studies initiation, and drill program planning.

Multiple Catalysts: Near-term news flow from drill results, historic core sampling, and ongoing project advancement activities.

Gold Price Leverage: Resource economics improve dramatically with gold prices—and most analysts expect gold to continue its ascent toward $5,000/oz.

Near-Term Catalysts: Multiple Value Drivers

Diamond Drill Program (Awaiting Delivery): McFarlane is gearing up for a 10,000-to-15,000-metre drill program at Juby, targeting resource expansion at Golden Lake and Juby zones. Drilling results typically generate significant investor interest and can drive meaningful share price appreciation.

Historic Core Sampling Results (Weeks Away): Assay results from 2,000 metres of priority historic core are expected shortly—potential resource additions with no drilling cost.

Environmental Baseline Studies (Underway): McFarlane has engaged Pinchin Ltd. to complete comprehensive environmental studies—a critical step toward advancing permitting for eventual ore extraction. This proactive approach demonstrates management’s commitment to de-risking the project.

Ongoing Resource Growth: The company is actively working to expand the resource base through brownfield exploration around known mineralization. The multi-zone nature of Juby provides numerous targets for resource expansion.

Investor Presentation

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McFARLANE INVESTOR HUB

Technical Report

Corporate Presentation

Financial Statement

Location Matters: The Abitibi Greenstone Belt Advantage

The Abitibi Greenstone Belt isn’t just any mining district—it’s arguably the most prolific gold-producing region on Earth. Stretching from Wawa, Ontario to Val-d’Or, Quebec, this 450 km by 150 km geological structure has delivered:

  • 200+ million ounces of gold produced since 1901
  • 100+ million ounces of gold remaining in known resources
  • 124 mines developed over the past century
  • 21 world-class deposits containing 3+ million ounces each

Major producers including Agnico Eagle, Alamos Gold, and Iamgold operate within the belt. McFarlane recently presented at the Northern Ontario Prospectors Conference alongside these industry giants—the same companies that actively acquire advanced exploration projects to feed their production pipelines.

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Leadership Team

Mark Trevisiol, CEO

Over 30 years of experience in mining and metals processing. Former Senior Executive in Falconbridge and Xstrata Nickel. Managed operations in mining, milling, smelting and refining. Past CEO of two public mining companies, Crowlight Minerals and Silver Bear Resources.

Perry Dellelce, Director

Founder and managing partner of Wildeboer Dellelce LLP, one of Canada’s leading corporate finance and transactional law firms. Practicing in the areas of securities, corporate finance and mergers and acquisitions. Perry has been recognized by the Canadian Legal Expert as one of Canada’s leading practitioners in the areas of technology, transactions and global mining.

Brad Boland, CFO/Corporate Secretary

Founder and managing partner of Wildeboer Dellelce LLP, one of Canada’s leading corporate finance and transactional law firms. Practicing in the areas of securities, corporate finance and mergers and acquisitions. Perry has been recognized by the Canadian Legal Expert as one of Canada’s leading practitioners in the areas of technology, transactions and global mining.

Winston Whymark, Manager Exploration

Winston has worked in exploration for over 15 years, most of that time spent in gold exploration in management roles. He is manager of operations for Inventus Mining and was formerly Exploration Supervisor for Argonaut Gold.

Andrew McLellan, MSc, Senior Geologist

Andrew is a geologist with 15 years experience working in the Abitibi Greenstone belt focused on gold exploration. He has spent time working for Glencore, Trelawney Mining and Exploration, Baffinland Iron Mines, and various gold exploration companies.

Meet Mcfarlane Leadership Team

DISCLOSURE FOR U.S. INVESTORS – FORWARD-LOOKING INFORMATION AND U.S. SEC REGULATION S-K 1300 (Disclosure by Registrants Engaged in Mining Operations)

  • The mineral resource estimates have been prepared by the Company under Canadian mining standards, which differ significantly from the requirements of Subpart 1300 of Regulation S-K as applicable to both the [US] Securities Act of 1933, as amended and the [US] Securities Exchange Act of 1934, as amended.
  • The Inferred category/data, according to US standards, inherently contains too high a level of uncertainty to be used for economic analysis.
  • None of the statements contained herein constitute guarantees of economic feasibility, profitability, or actual gold production.

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