Origen Provides Update on 2025 Exploration Plans and Announces Financing

Rhea-AI Summary

Origen Resources (CSE: ORGN) has outlined its 2025 exploration plans and announced a new financing initiative. The company plans geophysical programs at Los Sapitos and a Lidar survey at Wishbone, where previous sampling yielded significant results including 164.7 ppm gold and 14.6% Copper from boulder samples.

The company is launching a non-brokered private placement to raise up to $750,000 through the issuance of 15 million units at $0.05 per unit. Each unit includes one share and one warrant exercisable at $0.075 for 18 months. The proceeds will support working capital and exploration activities.

Positive

• Previous sampling at Wishbone showed promising results with 11 of 37 samples returning >1 ppm gold
• Company has successfully monetized 5 generated projects in its corporate history
• Active project generation strategy focusing on critical metals and REE projects in Europe and Americas

Negative

• Planned financing at $0.05 per unit represents potential dilution for existing shareholders
• Grab samples are selective and may not be representative of overall mineralization
• Additional investigation and site visits required to confirm merit of potential acquisitions

Vancouver, British Columbia--(Newsfile Corp. - July 23, 2025) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the "Company") is pleased to provide the following update on its exploration plans for 2025 across its diverse portfolio of precious, base and battery metal projects.

Exploration Plans for 2025

• Los Sapitos

Origen is planning to follow up on its successful exploration program at Los Sapitos with a geophysical program over the newly identified areas of interest recently announced. This program will help delineate the basin configuration and guide future drilling.

• Wishbone

The Company intends to complete a Lidar survey over the property that will aid in defining drill targets. Origen's team will also be following up on last years successful program that yielded gold at the new 'Lake' showing with a boulder sample returning 164.7 ppm gold¹. Of the 37 samples collected last year, 11 returned greater than 1 ppm gold and 26 greater than 0.1 ppm gold. A boulder containing Chalcopyrite returning 14.6% Copper¹ was found along the southern edge of the glacier close to where Origen Geologists found 203 ppm gold in a rounded boulder¹ of float in 2023. Two additional samples returned 6.5 ppm and 5.7 ppm gold were collected from veins near the eastern edge of the Central Glacier and trend under the ice¹; these areas will be prioritized in the 2025 field program with work including hand trenching and additional sampling.

¹Grab samples are by definition selective. Grab samples are solely designed to show the presence or absence of mineralization, and are not intended to provide nor should be construed as a representative indication of grade or mineralization at the Wishbone Project.

• Project Generation

Origen's team has been working on identifying critical metals and REE projects within Europe and the Americas. Several potential acquisitions have been identified to-date and will require additional investigation and site visits this year to confirm their merit.

"Project generation is the key to the Company's future success and a cornerstone of our business plan. We have successfully been able monetise 5 of our generated projects over our short corporate existence. Our strength is new project generation and we intend to capitalise on this to build shareholder value moving forward," states Gary Schellenberg, CEO.

Financing

The Company intends to undertake a non-brokered private placement financing for aggregate gross proceeds of up to $750,000 (the "Offering"). The Offering will consist of 15,000,000 units (each a "Unit") at a price of $0.05 per Unit. Each Unit will be comprised of one Share and one share purchase warrant (each, a "Warrant"). Each Warrant shall entitle the holder to acquire one additional Share in the capital of the Company at a price of $0.075 per Share for a period of 18 months from the date of issuance.

All securities issued in connection with the Offering will be issued pursuant to one or more prospectus exemptions available to the Company and will be subject to a statutory hold period of four months and one day from the date of issuance as required under applicable securities laws. Closing of the Offering will be subject to customary closing conditions that include applicable CSE filings and approvals. The net proceeds of the Offering will be used for general working capital and exploration expenditures.

The Company may pay finder's fees in connection with the Offering to eligible arm's length finders in accordance with CSE policies and applicable securities laws.

None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Origen

Origen is fully focused on its 100% interest in the Los Sapitos Lithium project in Argentina and its 100% owned gold-silver Wishbone project in the Golden Triangle of British Columbia, along with a property portfolio of three 100% owned precious and base metal projects in southern British Columbia.

Thomas Hawkins, P.Geo., a director of the Company and a Qualified Person as that term is defined in NI 43-101 has prepared, supervised the preparation or approved the scientific and technical disclosure in the news release.

On behalf of Origen,

Gary Schellenberg
CEO and Director

For further information, please contact ir@origenresources.com.

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

Certain of the statements made and information contained herein may constitute "forward-looking information." In particular, references to project generation and possible results thereof, and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259742

FAQ

What are Origen Resources' (OGGNF) exploration plans for 2025?

Origen plans to conduct a geophysical program at Los Sapitos to delineate basin configuration and guide drilling, plus a Lidar survey at Wishbone property with follow-up work on high-grade gold and copper findings.

What are the terms of Origen Resources' July 2025 private placement financing?

Origen is raising up to $750,000 through a non-brokered private placement of 15 million units at $0.05 per unit, with each unit including one share and one warrant exercisable at $0.075 for 18 months.

What were the significant gold findings at Origen's Wishbone property?

At Wishbone, a boulder sample returned 164.7 ppm gold, with 11 of 37 samples returning greater than 1 ppm gold. Additional samples returned 6.5 ppm and 5.7 ppm gold from veins near the Central Glacier.

How will Origen Resources use the proceeds from its 2025 financing?

The net proceeds from the financing will be used for general working capital and exploration expenditures across its portfolio of precious, base and battery metal projects.

What is Origen Resources' project generation strategy?

Origen focuses on identifying critical metals and REE projects within Europe and Americas, with project generation being a key business strategy that has already resulted in successfully monetizing 5 generated projects.