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Father-Son Duo Strikes Gold: $34,000 Bonus Prize Discovered in Cobalt, Ontario

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The Great Canadian Treasure Hunt announced on October 24, 2025 that its second Bonus Prize was found near Nipissing Falls, Cobalt, Ontario. The Bonus Prize comprised six one‑ounce gold coins supplied by Sprott Money and valued at more than $34,000.

The winner, Simon Fallon of Hamilton, decoded a clue, searched with his father and uncovered the Treasure Box midday after arriving at dawn. The monthly bonus prizes sit alongside a Grand Treasure of 217 one‑ounce gold coins minted from Agnico Eagle's Detour Lake Mine, currently valued at over $1.2 million. Sponsors include Agnico Eagle, Sprott Money and several mining and media partners. Next Bonus Prize details will be released soon.

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News Market Reaction – SPOFF

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+2.28% News Effect

On the day this news was published, SPOFF gained 2.28%, reflecting a moderate positive market reaction.

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Toronto, Ontario--(Newsfile Corp. - October 24, 2025) - The Great Canadian Treasure Hunt has unveiled its latest Bonus Prize winner. The second Bonus Prize — six one-ounce gold coins valued at over $34,000 — was discovered this week near Nipissing Falls in Cobalt, Ontario.

The discovery adds to the excitement of the national treasure hunt, giving Canadians the opportunity to search for more than $1.3 million in hidden gold across the country — combining the regional bonus prizes and the ultimate $1+ million treasure still waiting to be found.

The successful treasure hunter, Simon Fallon of Hamilton, Ontario, received the latest clue on Tuesday afternoon and spent the evening decoding it with his father, who has been a close companion throughout the hunt. The pair set out from Hamilton at 2 a.m., arriving in Cobalt at dawn. After several hours of searching throughout the area, their persistence paid off when they uncovered the hidden Treasure Box near Nipissing Falls just after midday.

Asked about how he felt when he found the treasure, Fallon said, "Still feels very surreal, but yeah, happy as can be."

"We were at the location, and I was determined to go systematically — grid-style search… you sort of have the feeling where this could be it. Definitely disbelief, and just a quiet, 'Wow, we got it.'"



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Finding the Cobalt Bonus Prize: Simon's Tell-All Story

"People are taking this very seriously — they're dropping everything and moving quickly when a clue is released. It's really captured the imagination of Canadians," said Anthony Vaccaro, President of The Northern Miner Group.

Monthly Prizes Connect to the $1M+ Gold Hunt

Every bonus prize clue set carries two layers of mystery: clues to the Bonus Prize and hints leading toward the $1+ million Grand Treasure.

See the latest clues for hints toward the Grand Prize here:

Each Bonus Prize consists of six one-ounce gold coins provided by Sprott Money, valued today at more than $34,000. These prizes are part of a broader national event culminating in the grand prize — 217 one-ounce gold coins minted from Agnico Eagle's Detour Lake Mine, currently valued at over $1.2 million.

Details for the next Bonus Prize location will be revealed soon, ensuring the momentum of the hunt continues. Treasure seekers can follow the journey and access upcoming clues by subscribing to The Northern Miner and following updates on CEO.CA, MINING.COM, and the hunt's official social media channels.

The Great Canadian Treasure Hunt

The Great Canadian Treasure Hunt is proudly presented by The Northern Miner Group with the support of industry sponsors including Agnico Eagle Mines Limited, Sprott Money, EarthLabs Inc., IAMGOLD Corporation, The World Gold Council, Alamos Gold Inc., Ernst & Young LLP, Kinross Gold, McEwen Inc., Mining Matters, MINING.COM, CEO.CA, and The Canadian Mining Journal.

For more information, including contest rules, FAQs, and ongoing updates, visit treasure.northernminer.com

Follow @northernminer (X/FB/YouTube) | @thenorthernminer (IG) | @mining (X) | @miningdotcom (IG/FB/YouTube) | @ceodotca (X/IG/FB/TikTok) | @ceocafilm (YouTube) for ongoing clues and community updates.

About The Northern Miner

The Northern Miner is a one-of-a-kind information resource. With over 110 years of experience serving the mining and exploration industry, crucial reports by The Northern Miner writing staff inform the decision-making process of thousands of high-performing mining professionals.

Founded in 1915, The Northern Miner remains the industry's most respected mining news authority, known for its on-the-ground journalism, editorial independence, and deep sector expertise. Now owned by EarthLabs Inc., it operates alongside platforms like MINING.COM, CEO.CA, and Canadian Mining Journal, delivering critical insight and trusted intelligence to the global mining community.

About EarthLabs Inc.

EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) (FSE: 8EK0) is a mining investment, technology, and media company that aims to provide strategic leverage to the metals and mining sector through investments, royalties and a full suite of data-driven media SaaS tools and services including CEO.CA, The Northern Miner, MINING.COM, Canadian Mining Journal and DigiGeoData.

For media inquiries, please contact:

Amanda Upshaw
Brookline Public Relations
aupshaw@brooklinepr.com
403-389-2291

Disclaimer
18+. No purchase necessary. Open to residents of Canada only. All prize valuations are in Canadian dollars (CAD) and based on the spot gold prices as of October 08, 2025, and may fluctuate with market prices. Full contest rules, eligibility criteria, and redemption process available at treasure.northernminer.com.

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

Cautionary Statement on Forward-Looking Information

Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements. Often, but not always, these forward-looking statements can be identified by the use of words such as "estimate", "potential", "projected", "assumed", "planned", "to be", "may", "could", "should", or similar expressions.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied. These risks include, but are not limited to, those described in the Company's filings on SEDAR+ at www.sedarplus.ca. While the Company has attempted to identify key risks and assumptions, actual outcomes may vary.

Forward-looking statements reflect the beliefs, expectations, and opinions of management as of the date of this release. The Company disclaims any obligation to update or revise these statements, whether as a result of new information, future events, or otherwise, unless required by law. Undue reliance should not be placed on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271821

FAQ

What did The Great Canadian Treasure Hunt announce on October 24, 2025 regarding the Cobalt bonus prize (SPOFF)?

The hunt announced the second Bonus Prize was found near Nipissing Falls, Cobalt, consisting of six one‑ounce gold coins valued at more than $34,000.

Who found the Cobalt Bonus Prize on October 24, 2025 and how was it discovered (SPOFF)?

Winner Simon Fallon of Hamilton decoded the clue, searched with his father and uncovered the Treasure Box near Nipissing Falls after arriving at dawn.

How much is each Cobalt Bonus Prize worth and who supplies the coins (SPOFF)?

Each Bonus Prize contains six one‑ounce gold coins provided by Sprott Money, valued today at more than $34,000.

What is the value and composition of the Grand Treasure tied to the Bonus Prizes (SPOFF)?

The Grand Treasure is 217 one‑ounce gold coins minted from Agnico Eagle's Detour Lake Mine, currently valued at over $1.2 million.

Where can treasure hunters find upcoming Bonus Prize clues and updates after the Cobalt find (SPOFF)?

Upcoming clues and updates are posted via treasure.northernminer.com and the hunt's social channels plus partner sites MINING.COM and CEO.CA.

Which sponsors support The Great Canadian Treasure Hunt that announced the Cobalt find on October 24, 2025 (SPOFF)?

Sponsors listed include Agnico Eagle, Sprott Money, IAMGOLD, Kinross Gold, Alamos Gold, The World Gold Council and media partners.
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