Group Eleven Drills New Mineralized Zone South of Main Discovery Trend at Ballywire, Returning 7.3m of 5.2% Zn+Pb, 10 g/t Ag (from 326m), Incl. 3.8m of 7.3% Zn+Pb, 14 g/t Ag

Rhea-AI Summary

Group Eleven (OTCQB: GRLVF) reported new Ballywire drill results dated Dec 2, 2025 that include a southward new mineralized zone and extended Deeper Cu‑Ag mineralization.

Key assays: 20.3m @ 2.6% Zn+Pb from 313.1m with 7.3m @ 5.2% Zn+Pb (incl. 3.8m @ 7.3% Zn+Pb), and Deeper Cu‑Ag intercepts including 11.3m @ 0.26% Cu (incl. 4.7m @ 0.46% Cu and 1.8m @ 0.83% Cu). Results extend the Deeper Cu‑Ag zone >200m down dip and reveal a second parallel Zn‑Pb‑Ag zone to the south.

Positive

• New Zn‑Pb‑Ag zone starting at 313.1m
• 7.3m @ 5.2% Zn+Pb (incl. 3.8m @ 7.3% Zn+Pb)
• Deeper Cu‑Ag extended >200m down dip
• 11.3m @ 0.26% Cu including 1.8m @ 0.83% Cu

Negative

• Significant mineralization occurs below 300m depth
• Highest Zn‑Pb intervals are narrow (3.8m and 1.9m reported)
• Bulk Cu grades outside narrow cores are low (~0.25% range)

News Market Reaction

+15.90%

1 alert

+15.90% News Effect

On the day this news was published, GRLVF gained 15.90%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Zn+Pb intercept: 20.3m @ 2.6% Zn+Pb, 6 g/t Ag High-grade Zn+Pb-Ag: 7.3m @ 5.2% Zn+Pb, 10 g/t Ag Very high-grade Zn+Pb-Ag: 3.8m @ 7.3% Zn+Pb, 14 g/t Ag +5 more

8 metrics

Zn+Pb intercept 20.3m @ 2.6% Zn+Pb, 6 g/t Ag Hole 25-3552-47, Waulsortian-hosted zone from 313.1m

High-grade Zn+Pb-Ag 7.3m @ 5.2% Zn+Pb, 10 g/t Ag New Mineralized Zone (South), from 326.1m

Very high-grade Zn+Pb-Ag 3.8m @ 7.3% Zn+Pb, 14 g/t Ag Included in 25-3552-47 Waulsortian-hosted zone

Peak Zn+Pb-Ag 1.9m @ 10.7% Zn+Pb, 19 g/t Ag Highest-grade portion of new south zone in 25-3552-47

Deeper Cu-Ag zone 11.3m @ 0.26% Cu, 8 g/t Ag Deeper Cu-Ag zone in 25-3552-47 from 490.7m

Lower Deeper Cu-Ag 9.4m @ 0.25% Cu, 7 g/t Ag Deeper Cu-Ag zone in 25-3552-47 from 616.6m

Drill holes to date 64 holes Total Ballywire holes drilled and reported by Group Eleven

Prospective trend length 6 km Length of Ballywire’s prospective trend referenced in the release

Market Reality Check

Price: $0.5461 Vol: Volume 481,063 is below t...

low vol

$0.5461 Last Close

Volume Volume 481,063 is below the 20-day average of 709,775, suggesting the move occurred on lighter-than-recent activity. low

Technical Shares at 0.50 are trading above the 200-day MA of 0.23, indicating a pre-existing upward trend before this release.

Peers on Argus

Peers in Other Industrial Metals & Mining showed mixed moves, from -6.91% (SYHBF...

Peers in Other Industrial Metals & Mining showed mixed moves, from -6.91% (SYHBF) to +9.38% (GENMF). With GRLVF up 4.4%, this reaction appears more company-specific than sector-driven.

Historical Context

5 past events · Latest: Dec 02 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 02	Drill results	Positive	+15.9%	New south Zn-Pb-Ag zone and deeper Cu-Ag extension at Ballywire.
Oct 29	Conference attendance	Neutral	-0.3%	New Orleans conference participation and investor meetings announcement.
Oct 20	Drill results	Positive	+2.5%	High-grade Zn-Pb-Ag and extended Deeper Cu-Ag zone at Ballywire.
Sep 22	Drill results	Positive	+5.4%	Confirmed Deeper Cu-Ag (Sb) mineralization below Waulsortian limestone.
Aug 28	Drill results	Positive	+4.7%	High-grade Cu-Ag intercepts extending Ballywire main corridor strike length.

Pattern Detected

Recent Ballywire drill updates have consistently been followed by positive one-day price reactions, suggesting the market has rewarded exploration progress.

Recent Company History

Over the last few months, Group Eleven has repeatedly advanced the Ballywire discovery with step-out drilling and deeper Cu-Ag targeting. News on Aug 28, Sep 22, and Oct 20, 2025 all reported significant Cu-Ag and Zn-Pb-Ag intercepts along a 6 km trend, each followed by a positive price reaction. Today’s Dec 2, 2025 update adds a new mineralized zone south of the main trend and extends the Deeper Cu-Ag zone, fitting into a pattern of steady resource expansion that has been well received so far.

Market Pulse Summary

The stock surged +15.9% in the session following this news. A strong positive reaction aligns with h...

Analysis

The stock surged +15.9% in the session following this news. A strong positive reaction aligns with how GRLVF frequently traded after prior Ballywire drill updates, where similar announcements on Aug 28, Sep 22, and Oct 20, 2025 all saw one-day gains. The latest results combine a new south Zn-Pb-Ag zone with extended Deeper Cu-Ag mineralization, reinforcing that pattern. Investors have previously rewarded step-out success, but sustained strength depended on ongoing assay news and execution of the multi-rig program.

Key Terms

waulsortian, sphalerite, galena, chalcopyrite, +4 more

8 terms

waulsortian technical

"New Mineralized Zone (South) - Waulsortian Hosted (starting from 313.1m..."

A waulsortian is a type of ancient limestone formed as a dense, mound-like deposit of fine carbonate mud and broken shell fragments laid down on the seafloor hundreds of millions of years ago; think of it as an underwater “dust bunny” that later turned to rock. It matters to investors because these compact carbonate bodies can control where oil, gas, minerals, or groundwater collect and can affect exploration value, mining prospects, and the cost or suitability of land for construction.

sphalerite technical

"Mineralization consists predominantly of sphalerite, galena and pyrite..."

Sphalerite is a mineral made mostly of zinc sulfide and is the main source of zinc mined worldwide; it can contain varying amounts of iron and appears in a range of colors. Investors care because the quantity and quality of sphalerite in a deposit determine how much zinc can be produced and at what cost, which influences zinc supply, industrial demand and commodity prices — similar to how the size and quality of an apple crop affect juice producers' costs.

galena technical

"Mineralization consists predominantly of sphalerite, galena and pyrite..."

Galena is a dense, metallic mineral that is the main natural source of lead and often contains silver; think of it as a rock that acts like a piggy bank holding valuable metals. For investors, galena matters because the amount and quality of this mineral in a mine determine how profitable mining projects and metal supplies can be, and its presence affects commodity prices, production costs, and potential environmental cleanup liabilities.

chalcopyrite technical

"Cu-Ag bearing zones also containing chalcopyrite and suspected tennantite..."

Chalcopyrite is a common copper-bearing mineral (a copper-iron sulfide) that often looks brassy yellow and is the main source of mined copper worldwide. For investors, its presence and abundance in a rock deposit determine how much recoverable copper a mine can produce and how profitable extraction will be — think of chalcopyrite as the concentrated ingredient that makes an ore body valuable and worth developing.

tennantite-tetrahedrite technical

"containing chalcopyrite and suspected tennantite-tetrahedrite."

Tennantite-tetrahedrite is a group of dark, metallic sulfide minerals that commonly contain copper along with varying amounts of iron, zinc, arsenic or antimony; they often occur together in copper and polymetallic ore deposits. For investors, their presence affects how much valuable metal can be recovered from a mine and can raise processing costs or environmental risks—think of them as mixed bags in an ore sample that influence the mine’s value and clean-up obligations.

icp-aes technical

"Analytical procedures are 34 element four acid ICP-AES (codes ME-ICP61..."

ICP-AES (Inductively Coupled Plasma–Atomic Emission Spectroscopy) is a laboratory technique that identifies and measures the amounts of metals and other elements in a sample by turning the sample into a hot glowing gas and reading the light colors it emits—like using a prism to tell which ingredients are present and how much. Investors care because it provides reliable, quantitative proof of metal content, contamination levels or product purity, which affects resource valuation, regulatory compliance and product quality across mining, manufacturing and environmental contexts.

qa/qc technical

"part of its industry-standard QA/QC programme. The QC results have been..."

QA/QC stands for Quality Assurance and Quality Control, processes used to ensure products or services meet certain standards. Think of it as a way to check that a product is safe and works properly before reaching consumers, similar to how a chef tastes food before serving it. For investors, strong QA/QC practices indicate a company's commitment to delivering reliable, high-quality offerings, reducing risks and building trust.

qualified person regulatory

"independent 'Qualified Person' as defined under Canadian National..."

A qualified person is someone with specialized knowledge, experience, and training in a particular field, allowing them to accurately assess and verify information or work. Their expertise helps ensure that reports, evaluations, or decisions are trustworthy and meet required standards. For investors, a qualified person provides confidence that the information they rely on is credible and properly validated.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce the latest two step-out drill holes from its Ballywire discovery ("Ballywire") at the 100%-owned PG West Project ("PG West"), Republic of Ireland.

Highlights:

• 25-3552-47 (approx. 100m step-out SSE of 25-3552-40, initial test of the Deeper Cu-Ag target; announced 22-Sep-25) intersected four zones of mineralization, including:
  • New Mineralized Zone (South) - Waulsortian Hosted (starting from 313.1m downhole)
  • 20.3m of 2.6% Zn+Pb (1.5% Zn and 1.1% Pb), 6 g/t Ag, including
  • 7.3m of 5.2% Zn+Pb (2.5% Zn and 2.7% Pb), 10 g/t Ag, including
  • 3.8m of 7.3% Zn+Pb (3.7% Zn and 3.6% Pb), 14 g/t Ag, including
  • 1.9m of 10.7% Zn+Pb (5.7% Zn and 5.0% Pb), 19 g/t Ag
  • New Mineralized Zone (South) - Base of Waulsortian (starting from 355.9m downhole)
  • 2.6m of 2.7% Zn+Pb (0.1% Zn and 2.5% Pb) and 19 g/t Ag, including
  • 0.8m of 6.7% Zn+Pb (0.3% Zn and 6.5% Pb) and 37 g/t Ag
  • Deeper Cu-Ag Zone (starting from 490.7m downhole)
  • 11.3m of 0.26% Cu and 8 g/t Ag, including
  • 4.7m of 0.46% Cu and 14 g/t Ag, including
  • 1.8m of 0.83% Cu and 24 g/t Ag
  • Deeper Cu-Ag Zone (starting from 616.6m downhole)
  • 9.4m of 0.25% Cu and 7 g/t Ag, including
  • 3.7m of 0.32% Cu and 8 g/t Ag, including
  • 0.8m of 0.62% Cu and 16 g/t Ag

"Today's results represent a positive surprise given we were not expecting robust Zn-Pb-Ag mineralization south of the main discovery trend at this particular location," stated Bart Jaworski, CEO. "In addition to successfully extending significant Deeper Cu-Ag mineralization down dip by over 200m from previous drilling, today's hole intersected strong Zn-Pb-Ag mineralization in a new part of the discovery. Long theorized, new zones of mineralization parallel to the main discovery trend at Ballywire were evidenced this September by hole 25-3552-44 which discovered a new Cu-Ag bearing feeder structure to the north of the main discovery. Today's results show a similar situation, but to the south, enhancing the potential for at least two additional mineralized zones. If borne out, this greatly expands Ballywire's tonnage potential."

"Driven by new zones of mineralization, growing momentum at our Deeper Cu-Ag zone and the fact that the majority of our 6km long prospective trend is yet to be drilled, Ballywire's exploration upside continues to ramp up. With a robust treasury and our most ambitious drilling campaign to date - four rigs turning in Ireland - we are poised to continue unlocking Ballywire's full potential over the coming months."

Exhibit 1. Cross-Section Showing 25-3552-47 Testing Deeper Cu-Ag Zone at Ballywire.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/276566_d7aa5ace04d3b85a_002full.jpg

Note: True thickness of the mineralized intervals in hole 25-3552-47 as a percentage of the down-hole interval, is estimated to be approx. 90-100% for Waulsortian-hosted zones, and 60-80% for sub-Waulsortian zones.

Exhibit 2. Plan Map of Main Ballywire Discovery Corridor, Showing New Holes 25-3552-45 and -47.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/276566_d7aa5ace04d3b85a_003full.jpg

Note: "New Min'zd Zone (S)" means New Mineralized Zone (South); "Potential Zone (N)" means Potential Mineralized Zone (North).

Exhibit 3. Cross-Section of 25-3552-45 (and Previously Reported Holes -35 and -39).

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/276566_d7aa5ace04d3b85a_004full.jpg

Note: True thickness of the mineralized intervals in hole 25-3552-45 as a percentage of the down-hole interval, is estimated to be approx. 80-100%.

Ballywire Drill Update

The Ballywire prospect at the Company's 100%-owned PG West Project in Republic of Ireland, represents the most significant mineral discovery in Ireland in over a decade. First announced in Sept-2022, the discovery has 64 holes drilled and reported by Group Eleven to date, including the most recent two holes (25-3552-45 and -47) reported today (see Exhibits 1 to 6).

Assays from today's drill holes are summarized above and below (and in Exhibits 4 and 5). Mineralization consists predominantly of sphalerite, galena and pyrite, with the Cu-Ag bearing zones also containing chalcopyrite and suspected tennantite-tetrahedrite.

In addition to results from 25-3552-47, described above, hole 25-3552-45 intersected two zones of significant mineralization along a fault structure (see Exhibits 3 and 5). Strong exploration upside remains further to the NNW and SSE along this section.

Exhibit 4. Summary of Assays from 25-3552-47 at Ballywire

Item	From (m)	To (m)	Int (m)	Zn (%)	Pb (%)	Zn+Pb (%)	Ag (g/t)	Cu (%)
25-3552-47	313.14	333.42	20.28	1.49	1.14	2.63	5.7	-
Incl.	313.14	319.60	6.46	1.45	0.47	1.92	5.2	-
And	326.11	333.42	7.31	2.51	2.65	5.16	10.1	-
Incl.	329.63	333.42	3.79	3.71	3.60	7.31	13.7	0.01
Incl.	330.59	332.52	1.93	5.73	5.01	10.75	18.7	0.01
Incl.	330.59	331.56	0.97	6.45	5.39	11.84	18.7	0.01
And	355.85	358.45	2.60	0.13	2.54	2.67	18.8	0.04
Incl.	356.73	357.56	0.83	0.28	6.46	6.74	36.7	0.08
And	490.74	502.02	11.28	0.01	0.01	0.02	7.5	0.26
Incl.	494.50	502.02	7.52	0.01	0.01	0.03	10.5	0.35
Incl.	497.32	502.02	4.70	0.02	0.01	0.03	13.8	0.46
Incl.	499.22	502.02	2.80	0.02	0.01	0.03	19.1	0.67
Incl.	500.17	502.02	1.85	0.02	0.01	0.03	23.8	0.83
And	616.56	625.94	9.38	0.01	-	0.02	6.6	0.25
Incl.	619.52	623.26	3.74	0.01	-	0.02	8.5	0.32
Incl.	619.52	620.48	0.96	0.02	-	0.03	10.8	0.35
And	622.46	623.26	0.80	0.02	-	0.02	16.3	0.62

 

Note: True thickness of the mineralized intervals in hole 25-3552-47 as a percentage of the down-hole interval, is estimated to be approx. 90-100% for Waulsortian-hosted zones, and 60-80% for sub-Waulsortian zones; "-" means less than 0.01% (<100 ppm).

Exhibit 5. Summary of Assays from 25-3552-45 at Ballywire

Item	From (m)	To (m)	Int (m)	Zn (%)	Pb (%)	Zn+Pb (%)	Ag (g/t)
25-3552-45	145.37	162.47	17.10	1.75	0.17	1.91	3.0
Incl.	147.14	156.17	9.03	2.58	0.24	2.81	4.3
Incl.	147.14	151.66	4.52	2.66	0.32	2.98	5.9
Incl.	149.00	151.66	2.66	3.12	0.36	3.48	6.9
Incl.	150.73	151.66	0.93	4.79	0.61	5.40	11.6
And	153.41	156.17	2.76	3.38	0.17	3.55	3.5
And	181.49	202.40	20.91	1.41	0.63	2.04	10.0
Incl.	181.49	183.24	1.75	5.94	0.31	6.25	24.1
Incl.	181.49	182.39	0.90	8.69	0.31	9.00	32.9
And	192.27	194.97	2.70	1.50	2.68	4.18	21.6
Incl.	192.27	193.16	0.89	2.13	3.86	5.99	30.3
And	201.52	202.40	0.88	7.03	2.18	9.21	32.5
And	213.38	214.35	0.97	0.12	0.74	0.86	19.4

 

Note: True thickness of the mineralized intervals in hole 25-3552-45 as a percentage of the down-hole interval, is estimated to be approx. 80-100%.

Drilling at Ballywire continues with three rigs. Currently, thirteen (13) new holes are completed or near completed (and in the process of being logged, sampled and assayed). These are shown in Exhibit 2, including: (i) four holes collared approx. 200m E of G11-3552-08; (ii) two holes testing approx. 780m SE of G11-3552-08; (iii) six holes drilled along a drill fence hosting G11-468-01; and (iv) one hole testing approx. 80m SW of G11-3552-12. Note, one additional rig is active at the Company's Stonepark Project.

Exhibit 6. Regional Gravity Map Showing 6km Long Prospective Trend at Ballywire.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/276566_d7aa5ace04d3b85a_005full.jpg

Note: Of the four gravity-high anomalies above, only the 'C' anomaly has been systematically drilled to date.

Exhibit 7. Regional Map of Ballywire Discovery and Surrounding Prospects.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/276566_groupe.jpg

Notes to Exhibit 7: (a) Pallas Green MRE is owned by Glencore (see Glencore's Resources and Reserves Report dated December 31, 2024); (b) Stonepark MRE: see the 'NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland', by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR+; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in 'Report on Prospecting Licence 464' by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in 'The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody' by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in 'Report on Mallow Property' by David Wilbur, dated December 1973; and later summarized in 'Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork' by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. 'Rathdowney Trend' is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.

Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent 'Qualified Person' as defined under Canadian National Instrument 43-101.

Sampling and Analytical Procedures

All core drilled at Ballywire is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.22m to 1.19m with an average (over 211 samples) of 0.90m. The half-core samples are bagged, labelled and sealed at Group Eleven's core store facility in Limerick, Ireland. Selected sample bags are examined by the Qualified Person. Transport is via an accredited courier service and/or by Group Eleven staff to ALS Laboratories in Loughrea Co. Galway, Ireland. Sample preparation at the ALS facility comprises fine crushing 70% < 2mm, riffle splitter, pulverise up to 250g 85% < 75um. Analytical procedures are 34 element four acid ICP-AES (codes ME-ICP61 and ME-OG62). Other than paying for a professional analytical service, Group Eleven has no relationship with ALS.

Quality Assurance/Quality Control (QA/QC) Information

Group Eleven inserts certified reference materials ("CRMs" or "Standards") as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony. Key intercepts to date include:

• 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
• 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
• 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
• 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
• 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
• 11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
• 15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)
• 12.0m of 1.4% Zn+Pb, 560 g/t Ag, 2.30% Cu and 0.17% Sb (25-3552-31), including
• 6.4m of 2.1% Zn+Pb, 838 g/t Ag, 3.72% Cu and 0.27% Sb (25-3552-31)
• 39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu (25-3552-35)
• 25.6m of 9.2% Zn+Pb, 28 g/t Ag (25-3552-39)

Ballywire is located 20km from Company's 77.64%-owned Stonepark zinc-lead deposit¹, which itself is located adjacent to Glencore's Pallas Green zinc-lead deposit². The Company's two largest shareholders are Michael Gentile (14.1% interest) and Glencore Canada Corp. (13.9%). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS,
Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.lau@groupelevenresources.com | T: 604-781-4915

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Information

Technical and scientific information disclosed from neighbouring properties does not necessarily apply to the current project or property being disclosed. This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company's public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

---

¹ Stonepark MRE is 5.1 million tonnes of 11.3% Zn+Pb (8.7% Zn and 2.6% Pb), Inferred (Apr-17-2018).
² Pallas Green MRE is 45.4 million tonnes of 8.4% Zn+Pb (7.2% Zn + 1.2% Pb), Inferred (Glencore, Dec-31-2024).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276566

FAQ

What Zn+Pb assays did Group Eleven report at Ballywire on Dec 2, 2025 (GRLVF)?

Hole 25-3552-47 returned 20.3m @ 2.6% Zn+Pb from 313.1m, including 7.3m @ 5.2% Zn+Pb and 3.8m @ 7.3% Zn+Pb.

How deep were the new Deeper Cu‑Ag intercepts reported by Group Eleven (GRLVF)?

Deeper Cu‑Ag zones were reported from 490.7m and 616.6m, including 11.3m @ 0.26% Cu and 9.4m @ 0.25% Cu.

Does the Dec 2, 2025 Ballywire release say the Cu‑Ag zone was extended (GRLVF)?

Yes; management reports successfully extending significant Deeper Cu‑Ag mineralization down dip by over 200m.

How many rigs are currently drilling at Ballywire according to the announcement (GRLVF)?

The company stated there are three rigs currently at Ballywire, with a fourth rig active at Stonepark.

What is the significance of the new southern mineralized zone at Ballywire for GRLVF shareholders?

The release indicates a second mineralized zone south of the main trend, which increases exploration upside and potential tonnage if further drilling confirms continuity.