Scottie Resources Hits Multiple High-Grade Gold Intercepts at Blueberry Contact Zone Including 34.3 g/t Gold over 3.30 Metres and 9.97 g/t Gold over 9.70 Metres

Rhea-AI Summary

Scottie Resources (OTCQB: SCTSF) reported multiple high-grade 2025 drill intercepts at the Blueberry Contact Zone, including 34.3 g/t Au over 3.30 m (with 90.8 g/t over 1.0 m) and 9.97 g/t Au over 9.70 m. The company drilled 27,000 m in 2025, ~16,000 m reported to date.

The recently completed PEA models a DSO path with an after-tax NPV(5%) of CAD 215.8M and IRR 60.3% at US$2,600/oz, initial capital CAD 128.6M; a toll-mill scenario shows NPV CAD 380.1M, IRR 89.9%. A 2025 bulk sample generated an estimated CAD 9M revenue.

Positive

• Multiple high-grade intercepts including 34.3 g/t Au over 3.30 m
• Extensive 2025 program: 27,000 m drilled
• PEA shows after-tax NPV(5%) CAD 215.8M and IRR 60.3% at US$2,600/oz
• 2025 bulk sample generated an estimated CAD 9M in revenue

Negative

• True widths of reported intervals not yet established by drilling
• Only ~16,000 m of the 27,000 m drill program reported to date
• Initial capital requirement of CAD 128.6M in the PEA

Vancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) ("Scottie" or the "Company") is pleased to report new assays from its 2025 drilling of various zones within the Blueberry Contact Zone, at the Scottie Gold Mine Project ("Scottie Gold Mine" or the "Project"). The road-accessible Project is located 35 kilometres north of Stewart, BC, and is the subject of a newly released Preliminary Economic Assessment ("PEA") entitled Scottie Gold Mine Project (Bird et al., October 28, 2025, Scottie Gold Mine Project, SEDAR+).

2025 drilling continues to deliver excellent results at the Project. Hole SR25-420 intersected 34.3 grams per tonne "g/t" gold over 3.30 metres, including a high-grade interval of 90.8 g/t gold over 1.0 metres within the Lemoffe vein zone. Hole SR25-424 intersected 9.97 g/t gold over 9.70 metres, including 21.1 g/t gold over 2.45 metres. Of the 27,000 metres drilled in 2025, only ~16,000 metres have been reported to date.

"These results reinforce the strength and continuity of high-grade gold mineralization at Blueberry," stated Dr. Thomas Mumford, President. "With 27,000 meters drilled in 2025 we are well positioned to continue expanding this high-grade predictable system. Hole SR25-424 is a great example of the efficiency of our targeting at Blueberry, delivering multiple strong intercepts from separate vein zones. Fully funded for 2026, we look forward to continuing to define additional mineralization."

Highlights:

• Multiple high-grade intercepts from multiple vein zones within individual drill holes
• Near surface high-grade mineralization, including 6.44 g/t gold over 14 metres (starting at a drill core length of 35 m; Figs. 1,2,5)
• Results de-risk and strengthen the recently released PEA by improving confidence in mine planning and future development scenarios
• Strong grades reported across all major Blueberry Contact vein zones reinforce confidence in a robust, predicable mineralized system

Table 1: Highlight results from new drill assays (uncut) - Blueberry Contact Zone

Drill Hole		From (m)	To (m)	Width* (m)	Gold (g/t)	Silver (g/t)	Sub Zone
SR25-418		89.00	90.00	1.00	13.3	3.00	Road
		101.25	104.00	2.75	9.75	1.09	Road
SR25-420		214.15	216.20	2.05	1.31	0.00	Lemoffe
		282.10	285.40	3.30	34.3	3.00	Lemoffe
	including	284.35	285.40	1.05	90.8	3.00	Lemoffe
SR25-421		158.75	159.75	1.00	1.90	0.00	Road
		277.00	286.00	9.00	4.52	0.00	BB Vein
SR25-422		193.45	196.00	2.55	29.0	12.4	Lemoffe
		208.75	209.75	1.00	2.41	0.00	Lemoffe
		211.75	212.75	1.00	4.05	3.00	Lemoffe
		248.00	259.00	11.00	6.06	66.5	Lemoffe
	including	254.50	256.75	2.25	19.7	10.00	Lemoffe
SR25-423		209.55	210.55	1.00	2.17	0.00	Lemoffe
		216.60	217.65	1.05	1.07	2.00	Lemoffe
		237.35	238.35	1.00	100.0	36.0	Lemoffe
SR25-424		35.00	49.00	14.00	6.44	0.43	Road
	including	43.00	47.00	4.00	16.8	1.00	Road
	including	46.00	47.00	1.00	47.1	4.00	Road
		77.30	80.50	3.20	4.51	2.95	Road
		94.45	95.45	1.00	42.4	12.0	Road
		131.15	134.15	3.00	1.82	0.00	BB Vein
		164.00	167.00	3.00	1.63	0.00	BB Vein
		203.15	212.85	9.70	9.97	5.75	BB Vein
	including	208.35	212.85	4.50	15.2	6.62	BB Vein
	including	210.40	212.85	2.45	21.1	9.22	BB Vein
		356.50	358.50	2.00	2.01	1.00	Lemoffe
SR25-426		8.00	27.50	19.50	1.11	3.69	FiFi
	including	8.00	9.00	1.00	6.86	64.0	FiFi
		88.00	89.00	1.00	4.29	2.00	Lemoffe
		110.75	111.75	1.00	3.88	4.00	Lemoffe
SR25-428		21.00	22.00	1.00	1.13	3.00	FiFi
		100.40	101.40	1.00	50.8	0.00	Lemoffe
		123.20	126.60	3.40	2.94	1.47	Lemoffe
		131.00	132.00	1.00	6.65	0.00	Lemoffe
SR25-429		10.00	17.05	7.05	4.96	2.30	FiFi
	including	10.00	11.05	1.05	8.58	5.00	FiFi
	and including	16.05	17.05	1.00	25.3	5.00	FiFi
		61.20	63.85	2.65	13.4	39.0	Lemoffe
		75.10	76.65	1.55	3.47	4.00	Lemoffe
		81.45	84.00	2.55	2.04	2.41	Lemoffe
SR25-431		71.00	73.00	2.00	12.5	6.00	Lemoffe
		79.90	80.90	1.00	1.00	8.00	Lemoffe
		100.75	107.90	7.15	7.86	9.51	Lemoffe
	including	104.85	105.85	1.00	30.9	43.0	Lemoffe
*True width of the intervals has not yet been established by drilling

 

Figure 1: Segmented vertical long section of the Blueberry Contact Zone illustrating the distribution and status of drilled targets from the 2025 season and the reported results thus far, relative to intercepts from previous drilling campaigns.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/281917_855263c1c4796a0e_002full.jpg

Figure 2: Overview plan view map of the Blueberry Contact Zone, illustrating the locations of the reported drill results, cross-sections (Figures 3,4,5,6), and the distribution of the modelled sulphide-rich cross-structures.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/281917_855263c1c4796a0e_003full.jpg

Figure 3: Cross-section displaying Scottie Gold Mine intercepts from drill holes SR25-420, and -422.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/281917_855263c1c4796a0e_004full.jpg

Figure 4: Cross-section displaying Scottie Gold Mine intercepts from drill hole SR25-421.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/281917_855263c1c4796a0e_005full.jpg

Figure 5: Cross-section displaying Scottie Gold Mine intercepts from drill hole SR25-424.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/281917_855263c1c4796a0e_006full.jpg

Figure 6: Cross-section displaying Scottie Gold Mine intercepts from drill holes SR25-428, - 429, -431.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11118/281917_855263c1c4796a0e_007full.jpg

About the Scottie Gold Mine Project

Over the past six years, exploration at the Scottie Gold Mine Project has delivered exceptional results - highlighted by the discovery of four new high-grade zones (Blueberry Contact Zone, Domino, D-Zone, and P-Zone) and the expansion of several historically drilled targets (Scottie Gold Mine, C-Zone, Bend Vein, and Stockwork).

A clear spatial relationship has emerged between these high-grade zones and the contact with the Jurassic-aged Texas Creek Plutonic Suite, providing a powerful framework for ongoing targeting. Detailed geological, structural, mineralogical, and geochemical studies now point to a shared mineralizing event across the property - linking the deposits into a broader, interconnected system with significant growth potential.

The Blueberry Contact Zone, located 2 km northeast of the 100%-owned past producing Scottie Gold Mine in BC's Golden Triangle, has rapidly advanced from a lightly drilled high-grade vein showing into a major growth target. The target was significantly advanced during Scottie's 2019 drill program when an interval was intersected in a new N-S oriented zone adjacent to the main Blueberry Vein. The drill results received from 2020 - 2024, coupled with surficial mapping and sampling suggest that the N-S mineralized trend is a controlling structure that hosts an array of SW-trending, sub-parallel, sulphide-rich veins that obliquely crosscut it which host high-grade gold. As of the end of 2024, the extent of the N-S zone, defined by the contact between andesite and siltstone units of the Hazelton Formation and the presence of the cross-cutting sulfide-rich structures, has a drilled strike length of >1,550 metres and has been tested to >525 metres depth. The Blueberry Contact Zone is located on the Granduc Road, 20 kilometres north of the Ascot Resources' Premier Mine. Newmont's Brucejack Mine is located 25 kilometres to the north.

The Company has recently completed a PEA which evaluates a low-capital DSO operation to deliver a gold-rich gravel product to Asian copper/precious metals smelters. At a gold price of US$2600/oz the project estimates an after-tax NPV(5%) of $215.8 M CAD with an IRR of 60.3%. By design, the operation will eliminate the need for a gold processing plant and tailings facility, thereby significantly reducing the capital required and resulting in a minimal environmental footprint, resulting in an initial capital cost of $128.6 M CAD. The project envisages a shallow open pit on the Blueberry Zone to start, followed by underground production from both Blueberry and the past-producing Scottie Gold Mine. The PEA also evaluates a toll milling scenario through the nearby Premier Mill, which results in an after-tax NPV(5%) $380.1 M CAD and an IRR 89.9%.

Scottie's 2025 Bulk Sample program exemplifies the unique characteristics of this mining project, and its ability to rapidly progress. From permitting to mining, crushing, transporting, shipping and sale of the product, the program was executed in under a year, generating an estimated $9M in new revenue. With this proven pathway, Scottie's has confidence in the simplicity and efficiency of its DSO model.

Quality Assurance and Control

Results from samples taken during the 2025 field season were analyzed at SGS Minerals in Burnaby, BC. The sampling program was undertaken under the direction of Dr. Thomas Mumford. The majority of drill core was NQ in diameter, with select holes of HQ size primarily taken for geomechanical purposes. Prior to sampling drill core was cut in half lengthwise, with half sent for assay and the remaining half kept in Stewart, BC. Standards, blanks, and duplicate samples were taken at intervals and frequencies that meet or exceed industry best practices. A secure chain of custody is maintained in transporting and storing all samples. Gold was assayed using a fire assay with atomic absorption spectrometry and gravimetric finish when required (+9 g/t gold). Analysis by four acid digestion with multi-element ICP-AES analysis was conducted on all samples with silver and base metal over-limits being re-analyzed by emission spectrometry.

Dr. Thomas Mumford, P.Geo., non-independent President of the Company, a qualified person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of the Company.

ABOUT SCOTTIE RESOURCES CORP.

Scottie Resources holds 100% interest in the Scottie Gold Mine Property, which includes the high-grade, past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone. The Company also owns a 100% interest in the Georgia Project, host to the past-producing Georgia River Mine, as well as the Cambria, Sulu, and Tide North properties. In total, Scottie controls approximately 58,500 hectares of highly prospective mineral claims within the Stewart Mining Camp in British Columbia's Golden Triangle-one of the world's most prolific mineralized districts.

Scottie's current resource estimate on the Scottie Gold Mine Project includes a total of 703,000 gold ounces at an average grade of 6.1 g/t (Inferred category) in 3.6 millon tonnes, highlighting the development potential for a significant near-surface, high-grade deposit. The Company's strategy is to continue expanding this resource and to define additional mineralization around past-producing mines through systematic drilling and surface exploration.

The Company has recently completed a PEA for the Scottie Gold Mine. The PEA outlines a robust Direct-Ship Ore (DSO) development scenario with strong economics and significant upside through a potential toll-milling option utilizing excess capacity at the nearby Premier mill. The base case DSO project delivers an after-tax NPV(5%) of $215.8-$668.3 million at gold prices of US$2,600-$4,200/oz, respectively. Under the toll-milling scenario, project economics improve substantially, with an after-tax NPV(5%) of $380.1-$831.7 million (no agreement currently in place). The PEA estimates initial capital costs of $128.6 million, average annual production of ~65,400 oz gold over seven years, and a payback period of 1.7 years for the after-tax DSO case-reduced to just 0.9 years under the toll-milling opportunity at US$2,600/oz.

Additional Information

Brad Rourke
CEO
+1 250 877 9902
brad@scottieresources.com

Forward-Looking Statements

This news release may contain forward‐looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward‐looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward‐looking statements whether as a result of new information, future events or otherwise.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281917

FAQ

What high-grade gold results did Scottie Resources (SCTSF) announce on January 28, 2026?

They reported multiple high-grade intercepts, including 34.3 g/t Au over 3.30 metres and 9.97 g/t Au over 9.70 metres. According to the company, 2025 drilling returned standout assays such as 90.8 g/t over 1.0 metre and broader near-surface mineralization.

How much drilling did Scottie Resources (SCTSF) complete in 2025 and how much is reported?

The company completed 27,000 metres of drilling in 2025, of which ~16,000 metres are reported so far. According to the company, additional assay results from the remaining metres will be released as received and verified.

What did the PEA for the Scottie Gold Mine Project say about value and capital (PEA, Oct 28, 2025)?

The PEA models an after-tax NPV(5%) of CAD 215.8M and an IRR of 60.3% at US$2,600/oz gold, with initial capital CAD 128.6M. According to the company, a toll-milling scenario raises after-tax NPV(5%) to CAD 380.1M and IRR to 89.9%.

What operational evidence supports Scottie Resources' DSO strategy for the Scottie Gold Mine Project?

Scottie executed a 2025 bulk sample that generated an estimated CAD 9M in revenue, demonstrating the DSO pathway. According to the company, the program proved permitting-to-sale logistics and commercial routing in under a year.

Do the reported Scottie Resources (SCTSF) drill intervals represent true widths?

True widths have not yet been established for the reported intervals; reported numbers are drill core lengths. According to the company, further drilling and interpretation are required to convert drill intercepts into true-width estimates.