Orestone Mining Corporate Update

Rhea-AI Summary

Orestone Mining (OTC:ORESF) provided a corporate update highlighting exploration activities and financial developments. The company is preparing for a Phase I exploration program at the Francisca Gold-Silver Project in Argentina, which will include detailed mapping and up to 600 rock and trench samples. At the Captain Gold Porphyry Project in British Columbia, Orestone filed an amended permit for 23 additional drill locations, with drilling expected in Q1 2026.

On the financial front, Orestone completed a $600,000 non-brokered private placement and issued shares for debt worth $180,000 in Q2 2025. The company also welcomed Crescat Capital LLC as a new strategic investor through its five pooled investment funds.

Positive

• Secured $600,000 through non-brokered private placement
• Strategic investment from Crescat Capital LLC
• Expansion of drilling program with 23 new locations at Captain Project
• Debt reduction of $180,000 through share issuance

Negative

• Drilling at Captain Project delayed until Q1 2026
• Additional capital may be needed for exploration programs

Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - Orestone Mining Corp. (TSXV: ORS) (OTC Pink: ORESF) (FSE: O2R2) ("the Company") is pleased to provide an update of corporate activities and an overview of exploration activities on the Company's gold, silver and copper properties.

Francisca Gold-Silver Project, Salta, Argentina
Orestone signed an Option Agreement covering the Francisca property during the first quarter of 2025. We are preparing to initiate a Phase I exploration program in the third quarter of 2025 with the advancement of various administrative and logistical tasks. The Phase I program will consist of detailed mapping and up to 600 rock and trench samples to better define the surface extent of widespread oxide gold-silver mineralization prior to drilling. Please click here for additional information.

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Captain Gold Porphyry Project, Central British Columbia
Orestone has filed an amended Notice of Work (NOW) permit for an additional 23 drill locations at the Captain gold-copper porphyry property located in north central British Columbia. The drill locations are on existing logging roads focused on the T2 target area which is a large, although not fully defined target lying to the south of the primary T1 target along the same structural corridor. Drilling is anticipated in the first quarter of 2026. Please click here for additional information.

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Corporate
During the second quarter of 2025 Oresone completed both a $600,000 dollar capital raise through a non-brokered private placement of common shares and an issuance of shares for debt in the amount of $180,000. These transactions provided a stable corporate platform to pursue exploration on the Company's property portfolio. The Company welcomed a new strategic shareowner, Crescat Capital LLC ("Crescat"), which subscribed through Crescat Portfolio Management LLC on behalf of its five (5) Pooled Investment Funds.

About Orestone
Orestone Mining Corp. is a Canadian based company listed for trading on the TSX Venture Exchange. The Board of Directors and management team have experience in all aspects of the mining business having been involved in numerous corporate and project level successes. Orestone's property portfolio includes exposure to gold, silver and copper on projects located in Canada and Argentina. Our near term objective on the Francisca property, located in Salta, Argentina is to define an oxide gold deposit mineable by open pit methods. The Company's 100 percent owned Captain gold-copper project, located in BC hosts a large gold dominate porphyry system that is permitted and drill ready. The projects are road accessible and suitable for exploration year-round. For more information please visit: www.orestone.ca.

ON BEHALF OF ORESTONE MINING CORP.

David Hottman

CEO

Neither the 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 News Release. This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.

For further information contact: David Hottman at 604-629-1929 info@orestone.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260799

FAQ

What exploration plans does Orestone Mining (ORESF) have for the Francisca Gold-Silver Project?

Orestone plans to initiate a Phase I exploration program in Q3 2025, including detailed mapping and collection of up to 600 rock and trench samples to define the surface extent of gold-silver mineralization before drilling.

How much capital did Orestone Mining (ORESF) raise in Q2 2025?

Orestone raised $600,000 through a non-brokered private placement and issued shares for debt worth $180,000.

When will Orestone Mining (ORESF) begin drilling at the Captain Gold Porphyry Project?

Drilling at the Captain Project is anticipated to begin in the first quarter of 2026, focusing on 23 new drill locations in the T2 target area.

Who is the new strategic investor in Orestone Mining (ORESF)?

Crescat Capital LLC became a strategic shareholder through Crescat Portfolio Management LLC, investing on behalf of its five pooled investment funds.

What are the main projects in Orestone Mining's (ORESF) portfolio?

Orestone's main projects include the Francisca Gold-Silver Project in Salta, Argentina, and the Captain Gold Porphyry Project in Central British Columbia.