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      LUNDIN GOLD DRILLS 491.62 G/T AU OVER 5.20M; EXPLORATION CONFIRMS LARGER MINERALIZED SYSTEMS AT BOTH FDNS AND FDN EAST

      Lundin Gold logo (CNW Group/Lundin Gold Inc.)

      News provided by

      Lundin Gold Inc.

      Nov 20, 2025, 19:00 ET

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      Figure 1: Map showing FDN deposit, the FDN East target and FDNS selected drilling results (CNW Group/Lundin Gold Inc.)
      Figure 1: Map showing FDN deposit, the FDN East target and FDNS selected drilling results (CNW Group/Lundin Gold Inc.)
      Figure 2: Map showing FDN and FDNS deposit with selected FDNS conversion and exploration drilling results (CNW Group/Lundin Gold Inc.)
      Figure 2: Map showing FDN and FDNS deposit with selected FDNS conversion and exploration drilling results (CNW Group/Lundin Gold Inc.)
      Figure 3: Map showing FDNS, FDNS deposit and FDN East with selected FDN East drilling results (CNW Group/Lundin Gold Inc.)
      Figure 3: Map showing FDNS, FDNS deposit and FDN East with selected FDN East drilling results (CNW Group/Lundin Gold Inc.)
      LUNDIN GOLD DRILLS 491.62 GT AU OVER 5.20M; EXPLORATION CONFIRMS LARGER MINERALIZED SYSTEMS AT BOTH FDNS AND FDN EAST (CNW Group/Lundin Gold Inc.)
      View PDF
      LUNDIN GOLD DRILLS 491.62 GT AU OVER 5.20M; EXPLORATION CONFIRMS LARGER MINERALIZED SYSTEMS AT BOTH FDNS AND FDN EAST (CNW Group/Lundin Gold Inc.)

      VANCOUVER, BC, Nov. 20, 2025 /CNW/ - Lundin Gold Inc. (TSX: LUG) (Nasdaq Stockholm: LUG) (OTCQX: LUGDF) ("Lundin Gold" or the "Company") announces strong results from its conversion and near-mine exploration drilling programs at its 100% owned Fruta del Norte ("FDN") gold mine in southeast Ecuador.  The Company has completed the 2025 conversion program at Fruta del Norte South ("FDNS") on a portion of the existing Inferred Mineral Resource, advancing engineering studies toward an initial Mineral Reserve estimate in early 2026. In addition, exploration drilling continues to return strong results at FDNS and FDN East, confirming larger mineralized systems and providing confidence in their potential for future growth. Highlights from drilling programs at FDNS and FDN East are outlined below, with detailed results provided in Appendix 1. PDF Version

      Jamie Beck, President and CEO, commented, "I'm pleased to report outstanding results from our 2025 programs, which continue to demonstrate the significant potential around Fruta del Norte.  At FDNS, the conversion program achieved the highest-grade intercept ever drilled, a major milestone as we advance toward an initial Mineral Reserve estimate early next year--less than two years since discovery. Exploration drilling also confirms that FDNS is a larger mineralized system and now, FDN East emerges as a new epithermal vein deposit near existing infrastructure, offering meaningful upside. Based on these successes as well as the results on the emerging porphyries, we expanded our 2025 drilling program to a minimum of 120,000 metres with 17 rigs, the largest program ever undertaken on the FDN land package."

      FDNS Conversion Program Drilling Highlights (not true widths):

      • Drill hole FDN-C25-305 intersected 491.62 grams per tonne ("g/t") of gold ("Au") over 5.20m from 40.60m, including:
        • 2,286 g/t Au over 1.10m
      • Drill hole FDN-C25-260 intersected 41.46 g/t Au over 6.30m from 59.60m, including:
        • 469.0 g/t Au over 0.50m
      • Drill hole FDN-C25-261 intersected 22.76 g/t Au over 10.50m from 80.0m, including:
        • 83.38 g/t Au over 1.95m
      • Drill hole FDN-C25-259 intersected 33.71 g/t Au over 6.30m from 38.90m, including:
        • 485.0 g/t Au over 0.40m

      Drill results confirmed the gold mineralization with several outstanding intercepts and defined new mineralized zones within the main vein system.  The 2025 conversion program targeted a portion of the existing Inferred Mineral Resource.  Engineering studies and mine design are well advanced to support an initial Mineral Reserve estimate in Q1 2026 as well as inclusion into FDN's long term mine plan.

      FDNS Exploration Program Drilling Highlights (not true widths):

      • Drill hole UGE-S-25-338 intersected 23.23 g/t Au over 7.70m from 51.35m, including:
        • 329.0 g/t Au over 0.40m
      • Drill hole FDN-C25-325 intersected 55.78 g/t Au over 3.15m from 283.45m, including:
        • 256.0 g/t Au over 0.65

      Exploration drilling at FDNS continues to return strong results and has expanded the limits of the deposit and confirmed a larger mineralized system than previously understood, providing confidence in further growth potential.

      FDN East Exploration Program Drilling Highlights (not true widths):

      • Drill hole UGE-E-25-328 intersected 14.10 g/t Au over 10.80 m from 332.00m including:
        • 56.09 g/t Au over 2.40m
      • Drill hole UGE-E-25-360 intersected 9.27 g/t Au over 15.05m from 226.35m, including:
        • 17.51 g/t Au over 4.20m

      The initial geological model reveals an emerging epithermal vein-type deposit located approximately 100 metres east of FDN's current underground infrastructure. Recent intercepts highlight meaningful potential for further growth, with multiple subparallel veins extending 500 metres along the north-south direction and remains open for expansion.

      DRILLING PROGRAMS

      Lundin Gold's near-mine exploration strategy is focused on extending mine life by identifying and delineating new mineralized zones close to FDN's operations.  Over recent years, these programs have driven resource growth and led to the discovery of new sectors, contributing to Mineral Reserve expansion since commercial production was achieved, ultimately resulting in successful Reserve replacement in 2023 and 2024.  In 2025, underground drilling prioritized conversion of Inferred Resources at FDNS while continuing exploration along its extensions and at FDN East (see Figure 1).

      Earlier in the year, the Company expanded its 2025 drilling program from 80,000 metres to a minimum of 120,000 metres, reflecting recent exploration success.  Seventeen rigs are currently active across conversion and near-mine exploration programs, marking the largest drill program ever undertaken on the FDN land package.

      FDNS

      Since January, underground drilling at FDNS has focused on converting Inferred Resources to Indicated status, with the ultimate goal of integrating the deposit into FDN's long-term mine plan in 2026.  The program also targeted areas for potential expansion.

      Discovered in 2024, FDNS is an epithermal vein system located along the southern limit of FDN and currently hosts an Inferred Resource of approximately 2.09 Moz from 12.35 Mt at an average grade of 5.25 g/t Au.  For details on FDN's Mineral Reserve and Resource estimate as at December 31, 2024, please refer to the Company's Annual Information Form dated March 17, 2025 (the "AIF"), available at www.sedarplus.ca.

      During the past several months, conversion and expansion drilling advanced significantly, with 16,282 metres drilled across 97 holes.  Results have improved confidence in the geological model, confirmed continuity of mineralization, and defined higher-grade zones within the vein system (see Figures 1 and 2).  Notably, hole FDN-C25-305 returned 491.62 g/t Au over 5.20m, including 2,286 g/t Au over 1.10m, the highest-grade intercept ever recorded at FDNS.  Assay results are presented in Table 1.

      Exploration drilling also confirmed mineralization continuity beyond FDNS's eastern and southern limits (Figures 1 and 2).  For example, UGE-S-25-338 (23.23 g/t Au over 7.70m) and FDN-C25-325 (55.78 g/t Au over 3.15m) defined new high-grade veins and indicate further potential in these sectors.  Complete assay results received to date are presented in Tables 1 and 3; some results remain pending.

      All results are being incorporated into the geological model and will support the initial Mineral Reserve and updated Mineral Resource estimate in Q1 2026, while conversion and exploration drilling continues.  Mine engineering work is also advancing to evaluate geotechnical, metallurgical, and infrastructure requirements for integration into FDN's 2026 long-term mine plan.

      FDN EAST

      At FDN East, exploration continues to define and expand a new buried epithermal vein system located approximately 100 metres east of FDN's existing underground infrastructure. Since its discovery, drilling has delineated multiple subparallel veins trending north-south over a strike length of approximately 500 metres, which remains open (see Figure 3).

      The most recent drilling results continues to confirm the continuity of the gold mineralization with wider mineralized zones in distinct sectors of the system (Figure 3).  Drill holes UGE-E-25-328 (14.10 g/t Au over 10.80m and 23.91 g/t Au over 4.85m) and drill hole UGE-E-25-360 (9.27 g/t Au over 15.05m) yielded some of the most notable results ever recorded at FDN East.  Assay results from the drilling undertaken at FDN East are presented in Table 2.

      These results support our initial geological model, which indicates an emerging epithermal vein-type deposit with meaningful potential for future growth. A second drill rig has been mobilized to accelerate delineation along the system's extensions. Assay results are presented in Table 2.

      Figure 1: Map showing FDN deposit, the FDN East target and FDNS selected drilling results

      Figure 2: Map showing FDN and FDNS deposit with selected FDNS conversion and exploration drilling results

      Figure 3: Map showing FDNS, FDNS deposit and FDN East with selected FDN East drilling results

      Qualified Persons and Technical Notes

      The technical information contained in this News Release has been reviewed and approved by Andre Oliveira, P. Geo, Vice President, Exploration of the Company, who is a Qualified Person in accordance with the requirements of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

      Samples consist of half HQ and NQ-size diamond core that are split by diamond saw on site, prepared at the ALS laboratory in Quito, and analyzed by 50g fire assay and multi-element (ICP-AES/ICP-MS) at the ALS Laboratory in Lima, Peru.  The quality assurance-quality control (QA-QC) program of Lundin Gold includes the insertion of certified standards of known gold content, blank and duplicate samples.  The remaining half core is retained for verification and reference purposes.  For further information on the assay, QA-QC, and data verification procedures, please see Lundin Gold's AIF.

      About Lundin Gold

      Lundin Gold, headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador.  Fruta del Norte is among the highest-grade operating gold mines in the world.

      The Company's board and management team have extensive expertise and are dedicated to operating Fruta del Norte responsibly.  The Company operates with transparency and in accordance with international best practices.  Lundin Gold is committed to delivering value to its shareholders through operational excellence and growth, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact.  Furthermore, Lundin Gold is focused on continued exploration on its extensive and highly prospective land package to identify and develop new resource opportunities to ensure long-term sustainability and growth for the Company and its stakeholders. 

      Additional Information

      The information in this release is subject to the disclosure requirements of Lundin Gold under the EU Market Abuse Regulation.  This information was publicly communicated on November 20th 2025 at 4:00 p.m. Pacific Time through the contact persons set out below.

      Caution Regarding Forward-Looking Information and Statements

      Certain of the information and statements in this press release are considered "forward-looking information" or "forward-looking statements" as those terms are defined under Canadian securities laws (collectively referred to as "forward-looking statements").  Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. By their nature, forward-looking statements and information involve assumptions, inherent risks, and uncertainties, many of which are difficult to predict, and are usually beyond the control of management, that could cause actual results to be materially different from those expressed by these forward-looking statements and information.  Lundin Gold believes that the expectations reflected in this forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct.  Forward-looking information should not be unduly relied upon.  This information speaks only as of the date of this press release, and the Company will not necessarily update this information, unless required to do so by securities laws.

      This press release contains forward-looking information in a number of places, such as in statements relating to the Company's exploration plans, activities and results and its plans to update its estimates of Mineral Reserves and Resources.  There can be no assurance that such statements will prove to be accurate, as Lundin Gold's actual results and future events could differ materially from those anticipated in this forward-looking information as a result of the factors discussed in the "Risk Factors" section in Lundin Gold's AIF.

      Lundin Gold's actual results could differ materially from those anticipated.  Factors that could cause actual results to differ materially from any forward-looking statement or that could have a material impact on the Company or the trading price of its shares include: instability in Ecuador; community relations; reliability of power supply; tax changes in Ecuador; security; availability of workforce and labour relations; mining operations; waste disposal and tailings; environmental compliance; illegal mining; Mineral Reserve and Mineral Resource estimates; infrastructure; regulatory risk; government or regulatory approvals; forecasts relating to production and costs; gold price; dependence on a single mine; shortages of critical resources; climate change; exploration and development; control of Lundin Gold; dividends; information systems and cyber security; title matters and surface rights and access; health and safety; human rights; employee misconduct; measures to protect biodiversity, endangered species and critical habitats; global economic conditions; competition for new projects; key talent recruitment and retention; market price of the Company's shares; social media and reputation; insurance and uninsured risks; pandemics, epidemics or infectious disease outbreak; conflicts of interest; violation of anti-bribery and corruption laws; internal controls; claims and legal proceedings; and reclamation obligations.

      APPENDIX 1

      Table 1: Drillhole assay results from the drilling program at FDNS reported for thickness versus grade intervals above 14 (m x g/t Au >14). Drill hole intercepts are reported in drill core lengths and true widths

      Hole ID

      From (m)

      To (m)

      Interval (m)

      True width (m)

      Au (g/t)

      Ag (g/t)

      Target

      Zone

      FDN-C25-249

      114.60

      117.70

      3.10

      2.68

      5.12

      1.38

      FDNS - Conversion

      Underground

      FDN-C25-249

      125.70

      128.45

      2.75

      2.25

      7.22

      11.86

      FDN-C25-249

      135.70

      143.40

      7.70

      6.31

      12.20

      5.95

      Including

      139.65

      140.80

      1.15

      0.94

      20.22

      7.62

      FDN-C25-249

      145.40

      153.40

      8.00

      6.55

      4.07

      1.70

      Including

      151.40

      153.40

      2.00

      1.64

      9.34

      1.65

      FDN-C25-249

      203.00

      205.90

      2.90

      2.63

      7.91

      6.38

      FDN-C25-249

      207.80

      211.30

      3.50

      3.17

      13.29

      9.40

      Including

      207.80

      208.80

      1.00

      0.91

      21.50

      6.00

      FDN-C25-249

      215.95

      219.80

      3.85

      3.49

      6.45

      1.55

      FDN-C25-250

      95.20

      100.40

      5.20

      4.71

      4.61

      2.23

      FDNS - Conversion

      Underground

      Including

      98.10

      99.00

      0.90

      0.82

      9.45

      1.80

      FDN-C25-250

      183.25

      186.55

      3.30

      2.86

      5.86

      1.55

      FDN-C25-250

      199.30

      202.85

      3.55

      3.07

      6.66

      2.75

      FDN-C25-250

      210.60

      215.20

      4.60

      3.98

      6.77

      1.21

      Including

      211.60

      212.50

      0.90

      0.78

      17.50

      1.40

      FDN-C25-251

      42.00

      47.00

      5.00

      3.54

      3.45

      2.88

      FDNS - Exploration

      Underground

      FDN-C25-251

      52.00

      56.00

      4.00

      3.06

      3.59

      1.78

      FDN-C25-251

      61.00

      68.00

      7.00

      5.36

      4.45

      1.20

      FDN-C25-251

      86.20

      98.70

      12.50

      8.84

      4.29

      1.23

      Including

      91.30

      94.40

      3.10

      2.19

      6.16

      1.20

      Including

      97.35

      98.70

      1.35

      0.95

      8.48

      1.26

      FDN-C25-251

      102.05

      109.10

      7.05

      5.40

      3.62

      3.00

      FDN-C25-251

      123.75

      128.80

      5.05

      3.87

      6.68

      2.58

      FDN-C25-251

      151.50

      165.40

      13.90

      10.65

      7.33

      3.02

      FDNS - Conversion

      Underground

      FDN-C25-252

      3.55

      6.80

      3.25

      3.05

      4.94

      10.25

      FDNS - Conversion

      Underground

      FDN-C25-252

      57.20

      61.20

      4.00

      3.76

      5.71

      8.10

      Including

      58.20

      60.10

      1.90

      1.79

      10.11

      7.27

      FDN-C25-253

      123.20

      127.30

      4.10

      2.35

      4.20

      16.68

      FDNS - Conversion

      Underground

      FDN-C25-254

      101.60

      104.15

      2.55

      2.31

      6.24

      2.88

      FDNS - Conversion

      Underground

      Including

      101.60

      102.65

      1.05

      0.95

      14.55

      5.00

      FDN-C25-255

      3.40

      7.00

      3.60

      3.12

      7.54

      8.23

      FDNS - Conversion

      Underground

      Including

      5.50

      6.25

      0.75

      0.65

      13.45

      10.90

      FDN-C25-255

      11.35

      14.05

      2.70

      2.54

      6.48

      7.01

      Including

      13.15

      14.05

      0.90

      0.85

      12.00

      11.70

      FDN-C25-255

      29.50

      34.00

      4.50

      4.35

      4.21

      7.10

      Including

      29.50

      30.35

      0.85

      0.82

      10.75

      6.50

      FDN-C25-255

      44.40

      47.50

      3.10

      3.05

      10.66

      8.25

      FDN-C25-255

      62.50

      65.80

      3.30

      3.25

      29.90

      68.18

      Including

      64.20

      65.80

      1.60

      1.58

      58.95

      116.45

      FDN-C25-257

      38.90

      42.50

      3.60

      3.48

      4.57

      4.54

      FDNS - Conversion

      Underground

      Including

      39.90

      40.90

      1.00

      0.97

      11.00

      6.70

      FDN-C25-257

      48.00

      55.45

      7.45

      7.42

      4.60

      6.04

      Including

      48.00

      49.80

      1.80

      1.79

      10.23

      8.77

      FDN-C25-257

      131.05

      137.00

      5.95

      5.59

      10.42

      6.09

      Including

      134.60

      137.00

      2.40

      2.26

      19.01

      7.49

      FDN-C25-258

      25.40

      27.80

      2.40

      1.70

      58.51

      22.47

      FDNS - Conversion

      Underground

      Including

      25.40

      26.05

      0.65

      0.46

      212.00

      66.70

      FDN-C25-259

      38.90

      45.20

      6.30

      5.92

      33.71

      14.48

      FDNS - Conversion

      Underground

      Including

      44.80

      45.20

      0.40

      0.38

      485.00

      136.00

      FDN-C25-259

      67.75

      72.50

      4.75

      4.75

      16.59

      17.06

      Including

      68.90

      70.80

      1.90

      1.90

      37.35

      22.04

      FDN-C25-259

      94.00

      99.00

      5.00

      4.53

      4.22

      5.10

      Including

      94.00

      95.00

      1.00

      0.91

      15.80

      8.30

      FDN-C25-260

      34.95

      36.90

      1.95

      1.25

      8.79

      34.67

      FDNS - Conversion

      Underground

      FDN-C25-260

      59.60

      65.90

      6.30

      5.16

      41.46

      25.01

      Including

      63.60

      64.10

      0.50

      0.41

      469.00

      207.00

      FDN-C25-260

      70.20

      73.40

      3.20

      2.62

      4.61

      8.50

      FDN-C25-260

      77.80

      81.90

      4.10

      3.14

      10.61

      12.10

      Including

      77.80

      78.60

      0.80

      0.61

      25.50

      31.00

      FDN-C25-260

      81.45

      81.90

      0.45

      0.34

      34.50

      20.00

      FDN-C25-260

      84.45

      87.60

      3.15

      2.96

      33.20

      21.44

      Including

      85.45

      86.00

      0.55

      0.52

      180.00

      91.70

      FDN-C25-260

      122.90

      127.05

      4.15

      2.08

      3.89

      4.32

      Including

      126.65

      127.05

      0.40

      0.20

      10.60

      8.10

      FDN-C25-261

      2.00

      3.75

      1.75

      1.43

      14.24

      7.64

      FDNS - Conversion

      Underground

      Including

      2.00

      2.90

      0.90

      0.74

      24.40

      10.80

      FDN-C25-261

      10.55

      16.95

      6.40

      4.90

      5.97

      10.39

      Including

      10.55

      11.05

      0.50

      0.38

      20.30

      12.40

      Including

      12.55

      13.15

      0.60

      0.46

      20.90

      32.00

      FDN-C25-261

      25.00

      28.30

      3.30

      3.25

      50.98

      10.52

      Including

      26.30

      27.40

      1.10

      1.08

      146.50

      18.00

      FDN-C25-261

      60.70

      61.80

      1.10

      1.08

      14.10

      7.10

      FDN-C25-261

      80.00

      90.50

      10.50

      9.09

      22.76

      14.07

      Including

      80.00

      81.95

      1.95

      1.69

      83.38

      43.30

      Including

      89.60

      90.50

      0.90

      0.78

      41.40

      17.60

      FDN-C25-262

      50.85

      53.40

      2.55

      0.87

      7.08

      8.02

      FDNS - Conversion

      Underground

      Including

      52.75

      53.40

      0.65

      0.22

      20.40

      15.30

      FDN-C25-262

      60.30

      64.35

      4.05

      1.39

      5.81

      40.00

      Including

      60.30

      61.10

      0.80

      0.27

      15.20

      130.00

      FDN-C25-262

      74.90

      77.90

      3.00

      1.93

      18.72

      9.76

      Including

      75.40

      76.75

      1.35

      0.87

      38.84

      15.93

      FDN-C25-262

      111.70

      116.95

      5.25

      3.71

      4.35

      6.52

      Including

      111.70

      112.50

      0.80

      0.57

      12.55

      4.30

      FDN-C25-262

      119.75

      123.70

      3.95

      2.79

      10.44

      6.87

      Including

      122.35

      123.70

      1.35

      0.95

      24.64

      12.54

      FDN-C25-262

      154.65

      158.90

      4.25

      2.73

      4.37

      5.08

      FDN-C25-263

      4.40

      7.80

      3.40

      3.39

      8.14

      7.80

      FDNS - Conversion

      Underground

      FDN-C25-263

      16.00

      24.40

      8.40

      5.94

      3.12

      6.79

      Including

      17.70

      18.50

      0.80

      0.57

      6.41

      19.10

      Including

      23.55

      24.40

      0.85

      0.60

      7.85

      9.45

      FDN-C25-263

      36.20

      40.20

      4.00

      3.46

      29.55

      21.98

      Including

      37.65

      39.30

      1.65

      1.43

      53.50

      39.14

      FDN-C25-263

      101.90

      104.10

      2.20

      2.17

      6.63

      4.25

      FDN-C25-263

      137.20

      138.60

      1.40

      1.32

      14.18

      7.64

      FDNS - Exploration

      Underground

      Including

      137.20

      137.60

      0.40

      0.38

      48.50

      17.40

      FDN-C25-263

      143.50

      145.40

      1.90

      1.79

      38.53

      11.28

      FDN-C25-263

      170.70

      171.70

      1.00

      0.64

      26.50

      5.40

      FDN-C25-264

      26.85

      30.75

      3.90

      3.89

      9.18

      7.50

      FDNS - Conversion

      Underground

      Including

      29.90

      30.75

      0.85

      0.85

      35.70

      12.80

      FDN-C25-264

      36.40

      39.00

      2.60

      2.59

      5.89

      6.97

      Including

      37.30

      37.95

      0.65

      0.65

      16.35

      7.60

      FDN-C25-264

      40.10

      45.60

      5.50

      5.42

      6.89

      6.29

      Including

      44.00

      45.60

      1.60

      1.58

      12.36

      8.56

      FDN-C25-264

      73.60

      75.70

      2.10

      2.07

      47.00

      45.77

      Including

      73.60

      74.70

      1.10

      1.08

      87.80

      84.20

      FDN-C25-264

      94.60

      99.30

      4.70

      4.63

      7.55

      11.64

      Including

      97.90

      99.30

      1.40

      1.38

      18.27

      28.01

      FDN-C25-265

      45.60

      46.90

      1.30

      1.28

      12.44

      33.78

      FDNS - Conversion

      Underground

      FDN-C25-265

      55.50

      61.40

      5.90

      5.88

      7.26

      11.86

      Including

      56.30

      57.75

      1.45

      1.44

      22.54

      21.10

      FDN-C25-265

      100.45

      105.20

      4.75

      4.30

      27.77

      49.59

      Including

      104.80

      105.20

      0.40

      0.36

      267.00

      113.00

      FDN-C25-265

      113.60

      117.55

      3.95

      3.58

      6.65

      12.37

      FDN-C25-266

      No Significant Results

      FDNS - Conversion

      Underground

      FDN-C25-267

      0.00

      4.25

      4.25

      4.19

      4.25

      5.69

      FDNS - Conversion

      Underground

      Including

      2.00

      2.90

      0.90

      0.89

      9.40

      7.20

      FDN-C25-267

      24.60

      28.45

      3.85

      3.84

      45.45

      13.37

      Including

      26.80

      27.45

      0.65

      0.65

      263.00

      61.90

      FDN-C25-268

      136.00

      138.30

      2.30

      2.29

      7.72

      5.73

      FDNS - Conversion

      Underground

      FDN-C25-268

      141.15

      144.00

      2.85

      2.81

      35.66

      26.44

      Including

      142.00

      143.00

      1.00

      0.98

      88.00

      48.90

      FDN-C25-269

      34.70

      37.80

      3.10

      2.37

      8.72

      6.19

      FDNS - Conversion

      Underground

      Including

      35.75

      36.85

      1.10

      0.84

      21.90

      9.80

      FDN-C25-269

      71.70

      76.05

      4.35

      2.80

      8.82

      8.33

      Including

      74.80

      76.05

      1.25

      0.80

      25.04

      16.47

      FDN-C25-270

      15.70

      22.30

      6.60

      4.24

      7.07

      8.29

      FDNS - Conversion

      Underground

      Including

      19.85

      21.35

      1.50

      0.96

      11.98

      14.86

      FDN-C25-270

      36.95

      38.50

      1.55

      1.46

      13.09

      3.60

      FDN-C25-270

      53.95

      56.80

      2.85

      2.18

      14.54

      21.38

      Including

      53.95

      54.80

      0.85

      0.65

      45.30

      23.80

      FDN-C25-271

      21.75

      23.50

      1.75

      1.43

      19.18

      9.21

      FDNS - Conversion

      Underground

      FDN-C25-271

      36.50

      39.90

      3.40

      3.19

      6.23

      8.99

      Including

      36.50

      37.65

      1.15

      1.08

      12.25

      8.70

      FDN-C25-272

      0.00

      6.60

      6.60

      5.06

      12.09

      51.90

      FDNS - Conversion

      Underground

      Including

      0.00

      3.70

      3.70

      2.83

      19.96

      62.31

      FDN-C25-272

      14.05

      17.70

      3.65

      2.80

      5.88

      13.73

      Including

      16.95

      17.70

      0.75

      0.57

      15.95

      13.40

      FDN-C25-272

      54.85

      59.45

      4.60

      2.30

      4.48

      38.49

      Including

      58.85

      59.45

      0.60

      0.30

      16.40

      170.00

      FDN-C25-272

      76.80

      78.70

      1.90

      0.80

      35.39

      24.44

      Including

      76.80

      77.65

      0.85

      0.36

      77.30

      46.60

      FDN-C25-273

      9.40

      13.35

      3.95

      2.79

      5.97

      30.19

      FDNS - Conversion

      Underground

      Including

      12.15

      13.35

      1.20

      0.85

      12.74

      11.53

      FDN-C25-273

      25.90

      29.00

      3.10

      2.19

      5.16

      8.81

      Including

      25.90

      27.20

      1.30

      0.92

      9.58

      10.65

      FDN-C25-273

      63.85

      71.95

      8.10

      2.77

      7.08

      19.11

      Including

      69.05

      71.95

      2.90

      0.99

      11.27

      32.52

      FDN-C25-273

      83.60

      87.95

      4.35

      2.18

      6.04

      21.48

      Including

      83.60

      85.55

      1.95

      0.98

      11.90

      37.30

      FDN-C25-273

      132.35

      135.10

      2.75

      1.38

      9.64

      9.11

      Including

      133.15

      134.10

      0.95

      0.48

      26.60

      15.00

      FDN-C25-273

      149.60

      153.60

      4.00

      3.46

      4.94

      26.35

      Including

      151.00

      151.60

      0.60

      0.52

      19.25

      82.40

      FDN-C25-273

      157.80

      159.95

      2.15

      1.86

      16.66

      28.98

      Including

      158.20

      159.15

      0.95

      0.82

      36.00

      23.70

      FDN-C25-274

      No Significant Results

      FDNS - Conversion

      Underground

      FDN-C25-275

      32.50

      35.90

      3.40

      2.94

      26.14

      11.00

      FDNS - Conversion

      Underground

      Including

      32.50

      32.90

      0.40

      0.35

      113.50

      49.20

      Including

      33.90

      34.75

      0.85

      0.74

      41.70

      14.10

      FDN-C25-275

      121.80

      125.50

      3.70

      3.64

      9.17

      95.95

      FDNS - Exploration

      Underground

      Including

      121.80

      122.60

      0.80

      0.79

      30.90

      93.20

      FDN-C25-276

      173.20

      176.80

      3.60

      2.95

      5.95

      140.89

      FDNS - Exploration

      Underground

      Including

      174.10

      174.90

      0.80

      0.66

      13.30

      12.80

      FDN-C25-277

      97.80

      100.00

      2.20

      1.99

      31.04

      165.04

      FDNS - Conversion

      Underground

      Including

      97.80

      98.80

      1.00

      0.91

      44.70

      224.00

      FDN-C25-278

      13.10

      16.05

      2.95

      2.42

      40.53

      7.18

      FDNS - Conversion

      Underground

      Including

      14.10

      14.70

      0.60

      0.49

      192.50

      24.10

      FDN-C25-278

      168.00

      169.95

      1.95

      1.83

      7.36

      12.90

      Including

      169.25

      169.95

      0.70

      0.66

      17.85

      16.40

      FDN-C25-279

      65.55

      69.05

      3.50

      2.25

      33.35

      15.23

      FDNS - Conversion

      Underground

      Including

      66.50

      68.50

      2.00

      1.29

      57.14

      19.79

      FDN-C25-279

      97.85

      100.10

      2.25

      1.29

      7.93

      6.61

      Including

      97.85

      98.70

      0.85

      0.49

      16.05

      8.10

      FDN-C25-280

      78.60

      83.60

      5.00

      2.11

      5.34

      2.47

      FDNS - Conversion

      Underground

      FDN-C25-280

      84.45

      87.70

      3.25

      1.11

      8.82

      3.85

      Including

      84.45

      84.95

      0.50

      0.17

      16.40

      4.20

      FDN-C25-280

      89.75

      93.85

      4.10

      1.40

      22.26

      7.92

      Including

      90.40

      92.10

      1.70

      0.58

      37.00

      11.11

      FDN-C25-281

      93.30

      95.30

      2.00

      0.85

      7.09

      8.80

      FDNS - Conversion

      Underground

      FDN-C25-282

      23.10

      27.10

      4.00

      3.98

      5.66

      2.28

      FDNS - Conversion

      Underground

      FDN-C25-282

      42.35

      53.00

      10.65

      10.29

      40.98

      15.26

      Including

      49.55

      50.55

      1.00

      0.97

      402.00

      98.40

      FDN-C25-282

      89.20

      97.40

      8.20

      7.71

      15.07

      9.64

      Including

      89.60

      90.50

      0.90

      0.85

      79.60

      5.50

      Including

      94.45

      94.85

      0.40

      0.38

      52.70

      21.20

      FDN-C25-282

      117.35

      118.80

      1.45

      1.43

      11.00

      6.12

      Including

      117.35

      117.75

      0.40

      0.39

      29.60

      15.10

      FDN-C25-283

      92.75

      98.75

      6.00

      5.80

      4.60

      3.04

      FDNS - Conversion

      Underground

      Including

      92.75

      93.60

      0.85

      0.82

      13.90

      6.30

      FDN-C25-283

      147.20

      150.00

      2.80

      2.63

      6.68

      1.05

      Including

      148.20

      149.20

      1.00

      0.94

      13.15

      1.40

      FDN-C25-284

      29.95

      31.00

      1.05

      0.99

      79.40

      61.70

      FDNS - Conversion

      Underground

      FDN-C25-284

      38.60

      41.00

      2.40

      2.08

      92.40

      32.13

      Including

      38.60

      40.00

      1.40

      1.21

      156.77

      51.51

      FDN-C25-284

      49.50

      54.20

      4.70

      4.07

      166.58

      20.28

      Including

      52.80

      54.20

      1.40

      1.21

      552.28

      61.69

      FDN-C25-284

      70.55

      73.80

      3.25

      2.09

      5.03

      13.17

      FDN-C25-284

      97.30

      103.90

      6.60

      5.98

      4.97

      4.10

      FDN-C25-285

      67.00

      79.50

      12.50

      10.83

      8.54

      4.50

      FDNS - Conversion

      Underground

      Including

      73.40

      77.75

      4.35

      3.77

      18.92

      6.63

      FDN-C25-285

      102.50

      106.50

      4.00

      3.63

      4.09

      2.03

      FDN-C25-286

      35.25

      40.25

      5.00

      4.92

      3.19

      1.88

      FDNS - Conversion

      Underground

      Including

      39.25

      40.25

      1.00

      0.98

      6.00

      2.00

      FDN-C25-286

      83.00

      85.10

      2.10

      2.07

      9.51

      9.00

      FDN-C25-287

      87.25

      91.45

      4.20

      2.41

      21.10

      15.08

      FDNS - Conversion

      Underground

      Including

      87.25

      88.10

      0.85

      0.49

      28.00

      35.70

      Including

      90.50

      91.45

      0.95

      0.54

      62.70

      8.60

      FDN-C25-287

      98.40

      100.10

      1.70

      1.20

      16.90

      11.68

      Including

      99.70

      100.10

      0.40

      0.28

      64.90

      18.10

      FDN-C25-288

      56.50

      60.60

      4.10

      2.35

      4.67

      7.96

      FDNS - Conversion

      Underground

      Including

      59.60

      60.60

      1.00

      0.57

      9.76

      13.70

      FDN-C25-288

      135.10

      139.20

      4.10

      2.05

      14.73

      4.87

      Including

      135.10

      136.30

      1.20

      0.60

      26.30

      8.24

      Including

      138.45

      139.20

      0.75

      0.38

      27.70

      3.60

      FDN-C25-289

      65.60

      69.40

      3.80

      2.44

      5.17

      19.77

      FDNS - Conversion

      Underground

      FDN-C25-290

      89.10

      100.00

      10.90

      9.44

      4.32

      31.39

      FDNS - Conversion

      Underground

      Including

      89.10

      92.00

      2.90

      2.51

      5.72

      35.68

      Including

      97.00

      100.00

      3.00

      2.60

      5.62

      26.30

      FDN-C25-291

      23.65

      107.90

      3.60

      3.48

      7.14

      2.30

      FDNS - Conversion

      Underground

      Including

      106.40

      107.20

      0.80

      0.77

      26.50

      208.00

      FDN-C25-291

      114.90

      117.05

      2.15

      1.86

      11.34

      16.35

      FDNS - Exploration

      Underground

      Including

      115.75

      117.05

      1.30

      1.13

      18.41

      24.16

      FDN-C25-292

      No Significant Results

      FDNS - Conversion

      Underground

      FDN-C25-293

      No Significant Results

      FDNS - Conversion

      Underground

      FDN-C25-294

      No Significant Results

      FDNS - Conversion

      Underground

      FDN-C25-295

      50.25

      57.35

      7.10

      3.00

      10.71

      8.68

      FDNS - Conversion

      Underground

      Including

      54.20

      56.00

      1.80

      0.76

      21.40

      12.88

      FDN-C25-296

      77.20

      79.55

      2.35

      1.51

      8.34

      3.16

      FDNS - Conversion

      Underground

      Including

      79.15

      79.55

      0.40

      0.26

      43.00

      9.90

      FDN-C25-297

      No Significant Results

      FDNS - Conversion

      Underground

      FDN-C25-298

      No Significant Results

      FDNS - Conversion

      Underground

      FDN-C25-299

      24.45

      27.90

      3.45

      3.33

      7.52

      3.64

      FDNS - Conversion

      Underground

      Including

      27.35

      27.90

      0.55

      0.53

      35.40

      8.80

      FDN-C25-299

      81.00

      86.10

      5.10

      4.42

      16.72

      13.69

      Including

      82.90

      86.10

      3.20

      2.77

      25.00

      15.71

      FDN-C25-299

      118.30

      122.50

      4.20

      3.22

      5.58

      3.60

      Including

      118.30

      119.80

      1.50

      1.15

      10.55

      4.20

      FDN-C25-300

      60.35

      68.40

      8.05

      7.93

      7.21

      14.80

      FDNS - Conversion

      Underground

      Including

      64.10

      68.40

      4.30

      4.23

      11.19

      8.58

      FDN-C25-300

      98.80

      110.00

      11.20

      10.52

      16.71

      2.07

      Including

      104.10

      110.00

      5.90

      5.54

      29.04

      3.05

      FDN-C25-301

      No Significant Results

      FDNS - Conversion

      Underground

      FDN-C25-302

      No Significant Results

      FDNS - Conversion

      Underground

      FDN-C25-303

      No Significant Results

      FDNS - Conversion

      Underground

      FDN-C25-304

      No Significant Results

      FDNS - Conversion

      Underground

      FDN-C25-305

      21.40

      23.95

      2.55

      2.31

      21.85

      12.02

      FDNS - Conversion

      Underground

      Including

      23.40

      23.95

      0.55

      0.50

      90.00

      36.40

      FDN-C25-305

      36.60

      37.55

      0.95

      0.82

      123.75

      53.68

      FDN-C25-305

      40.60

      45.80

      5.20

      4.50

      491.62

      182.55

      Including

      43.00

      44.10

      1.10

      0.95

      2286.08

      728.40

      FDN-C25-305

      95.60

      101.50

      5.90

      5.88

      32.33

      15.42

      Including

      95.60

      97.30

      1.70

      1.69

      53.25

      23.72

      Including

      100.70

      101.50

      0.80

      0.80

      120.00

      39.60

      FDN-C25-306

      123.00

      129.40

      6.40

      6.30

      6.57

      13.03

      FDNS - Conversion

      Underground

      Including

      123.00

      124.40

      1.40

      1.38

      20.69

      29.29

      FDN-C25-306

      260.60

      262.75

      2.15

      2.14

      26.65

      29.80

      FDNS - Exploration

      Underground

      Including

      261.40

      261.90

      0.50

      0.50

      111.00

      17.40

      FDN-C25-307

      56.80

      61.95

      5.15

      4.84

      10.03

      18.27

      FDNS - Conversion

      Underground

      Including

      56.80

      57.70

      0.90

      0.85

      25.08

      20.49

      Including

      61.00

      61.95

      0.95

      0.89

      20.76

      32.57

      FDN-C25-308

      11.45

      13.70

      2.25

      1.59

      5.65

      7.29

      FDNS - Exploration

      Underground

      Including

      12.55

      12.95

      0.40

      0.28

      30.40

      25.50

      FDN-C25-308

      70.20

      73.75

      3.55

      3.22

      6.48

      6.27

      FDNS - Conversion

      Underground

      FDN-C25-309

      79.80

      85.60

      5.80

      5.26

      9.34

      3.72

      FDNS - Conversion

      Underground

      Including

      81.40

      85.60

      4.20

      3.81

      11.54

      4.35

      FDN-C25-310

      69.45

      72.65

      3.20

      3.20

      5.78

      6.16

      FDNS - Conversion

      Underground

      Including

      70.35

      71.65

      1.30

      1.30

      11.65

      11.95

      FDN-C25-311

      8.20

      11.55

      3.35

      3.15

      5.02

      6.24

      FDNS - Exploration

      Underground

      Including

      8.75

      10.00

      1.25

      1.17

      10.21

      9.32

      FDN-C25-311

      57.30

      62.25

      4.95

      4.95

      6.64

      3.55

      Including

      57.30

      59.50

      2.20

      2.20

      10.55

      4.43

      FDN-C25-312

      68.60

      71.75

      3.15

      2.96

      5.29

      5.90

      FDNS - Conversion

      Underground

      Including

      71.30

      71.75

      0.45

      0.42

      11.40

      4.10

      FDN-C25-313

      3.40

      9.20

      5.80

      5.26

      9.20

      4.57

      FDNS - Exploration

      Underground

      Including

      3.40

      4.50

      1.10

      1.00

      18.85

      7.45

      FDN-C25-313

      15.70

      19.60

      3.90

      3.89

      3.84

      3.02

      Including

      15.70

      16.70

      1.00

      1.00

      6.09

      3.08

      FDN-C25-313

      86.70

      89.35

      2.65

      2.49

      5.62

      4.98

      Including

      88.90

      89.35

      0.45

      0.42

      27.70

      17.00

      FDN-C25-313

      100.65

      104.90

      4.25

      3.99

      5.79

      6.12

      FDNS - Conversion

      Underground

      Including

      103.90

      104.90

      1.00

      0.94

      18.65

      7.30

      FDN-C25-314

      21.10

      26.70

      5.60

      2.54

      12.07

      14.81

      FDNS - Conversion

      Underground

      Including

      21.10

      21.80

      0.70

      0.32

      80.30

      46.10

      FDN-C25-314

      41.05

      42.30

      1.25

      0.77

      44.69

      91.29

      Including

      41.70

      42.30

      0.60

      0.37

      78.10

      167.00

      FDN-C25-314

      68.10

      68.90

      0.80

      0.40

      36.68

      47.20

      Including

      68.10

      68.50

      0.40

      0.20

      71.40

      84.30

      FDN-C25-315

      17.90

      21.80

      3.90

      2.76

      6.08

      3.38

      FDNS - Conversion

      Underground

      Including

      19.35

      20.30

      0.95

      0.67

      18.65

      5.70

      FDN-C25-315

      28.70

      34.50

      5.80

      4.10

      5.08

      8.19

      Including

      31.85

      32.25

      0.40

      0.28

      14.95

      7.20

      FDN-C25-315

      69.90

      73.70

      3.80

      3.29

      5.39

      7.28

      Including

      73.00

      73.70

      0.70

      0.61

      12.80

      11.00

      FDN-C25-316

      0.00

      2.65

      2.65

      2.49

      7.86

      6.59

      FDNS - Conversion

      Underground

      Including

      0.55

      2.10

      1.55

      1.46

      12.36

      8.54

      FDN-C25-316

      35.25

      38.85

      3.60

      2.55

      21.08

      16.43

      Including

      35.25

      35.65

      0.40

      0.28

      171.00

      79.90

      FDN-C25-316

      46.55

      49.85

      3.30

      2.86

      19.31

      14.08

      Including

      46.55

      46.95

      0.40

      0.35

      139.00

      36.10

      FDN-C25-316

      51.75

      58.65

      6.90

      5.29

      10.23

      42.18

      Including

      53.70

      54.25

      0.55

      0.42

      86.50

      352.00

      FDN-C25-316

      67.85

      75.80

      7.95

      7.83

      20.97

      30.43

      Including

      67.85

      68.40

      0.55

      0.54

      139.00

      49.80

      FDN-C25-316

      87.35

      89.80

      2.45

      1.88

      10.09

      12.60

      Including

      87.35

      87.75

      0.40

      0.31

      52.00

      43.20

      FDN-C25-316

      118.60

      121.50

      2.90

      2.32

      6.07

      49.52

      Including

      120.50

      121.50

      1.00

      0.80

      15.00

      105.00

      FDN-C25-317

      0.00

      4.85

      4.85

      4.68

      41.83

      12.04

      FDNS - Conversion

      Underground

      Including

      3.85

      4.40

      0.55

      0.53

      349.00

      85.30

      FDN-C25-317

      15.90

      19.65

      3.75

      3.62

      55.75

      160.21

      Including

      18.00

      19.10

      1.10

      1.06

      125.00

      238.00

      FDN-C25-317

      54.95

      57.75

      2.80

      2.70

      5.54

      53.10

      Including

      55.90

      56.55

      0.65

      0.63

      18.25

      76.00

      FDN-C25-317

      61.45

      66.95

      5.50

      5.17

      83.15

      117.87

      Including

      61.45

      63.30

      1.85

      1.74

      214.16

      207.03

      FDN-C25-317

      69.20

      72.35

      3.15

      3.10

      8.98

      18.00

      Including

      71.00

      71.80

      0.80

      0.79

      26.58

      24.95

      FDN-C25-317

      74.70

      78.40

      3.70

      3.64

      82.11

      376.48

      Including

      76.20

      77.10

      0.90

      0.89

      327.56

      738.00

      FDN-C25-317

      81.25

      84.00

      2.75

      2.71

      18.49

      39.60

      Including

      81.75

      82.55

      0.80

      0.79

      61.10

      125.00

      FDN-C25-317

      134.55

      142.20

      7.65

      7.19

      6.45

      40.59

      Including

      136.50

      137.75

      1.25

      1.17

      13.41

      51.98

      FDN-C25-318

      8.35

      12.80

      4.45

      4.18

      18.68

      15.53

      FDNS - Conversion

      Underground

      Including

      8.35

      9.65

      1.30

      1.22

      35.24

      29.65

      FDN-C25-318

      44.25

      47.70

      3.45

      3.24

      4.21

      15.60

      FDN-C25-318

      52.45

      57.40

      4.95

      4.65

      12.40

      20.53

      Including

      54.75

      55.85

      1.10

      1.03

      48.07

      48.20

      FDN-C25-319

      1.00

      5.45

      4.45

      2.86

      3.24

      5.35

      FDNS - Conversion

      Underground

      FDN-C25-319

      32.60

      34.35

      1.75

      0.88

      9.80

      7.20

      FDN-C25-319

      74.80

      78.75

      3.95

      2.79

      12.40

      101.45

      Including

      77.30

      78.75

      1.45

      1.03

      23.48

      244.07

      FDN-C25-319

      87.25

      87.85

      0.60

      0.46

      48.60

      42.20

      FDN-C25-320

      39.10

      43.20

      4.10

      3.55

      5.34

      4.41

      FDNS - Exploration

      Underground

      FDN-C25-320

      55.30

      57.20

      1.90

      1.90

      7.72

      1.60

      FDN-C25-321

      0.00

      3.10

      3.10

      2.37

      4.72

      24.65

      FDNS - Conversion

      Underground

      Including

      2.20

      3.10

      0.90

      0.69

      7.45

      34.32

      FDN-C25-321

      107.85

      115.20

      7.35

      6.02

      6.04

      45.86

      Including

      114.15

      114.60

      0.45

      0.37

      46.90

      554.00

      FDN-C25-322

      Pending Results

      FDNS - Conversion

      Underground

      FDN-C25-323

      Pending Results

      FDNS - Conversion

      Underground

      FDN-C25-324

      Pending Results

      FDNS - Conversion

      Underground

      FDN-C25-325

      12.15

      14.90

      2.75

      2.58

      47.86

      17.35

      FDNS - Conversion

      Underground

      Including

      12.15

      12.90

      0.75

      0.70

      159.50

      50.10

      FDN-C25-325

      29.70

      34.05

      4.35

      4.28

      3.95

      4.24

      Including

      31.05

      31.45

      0.40

      0.39

      24.80

      10.30

      FDN-C25-325

      125.30

      127.00

      1.70

      1.67

      11.40

      9.55

      FDN-C25-325

      180.30

      181.30

      1.00

      0.94

      29.20

      20.60

      FDN-C25-325

      283.45

      286.60

      3.15

      3.14

      55.78

      37.65

      FDNS - Exploration

      Underground

      Including

      284.80

      285.45

      0.65

      0.65

      256.00

      138.00

      FDN-C25-325

      306.30

      308.15

      1.85

      1.79

      26.32

      11.54

      Including

      307.35

      307.75

      0.40

      0.39

      117.50

      46.50

      FDN-C25-326

      92.80

      96.95

      4.15

      3.90

      46.86

      31.48

      FDNS - Conversion

      Underground

      Including

      96.15

      96.55

      0.40

      0.38

      472.00

      139.00

      FDN-C25-326

      206.20

      210.10

      3.90

      3.77

      10.16

      107.47

      FDNS - Exploration

      Underground

      Including

      207.15

      208.20

      1.05

      1.01

      22.80

      158.00

      FDN-C25-327

      Pending Results

      FDNS - Conversion

      Underground

      FDN-C25-328

      37.40

      42.45

      5.05

      3.87

      7.09

      53.23

      FDNS - Conversion

      Underground

      Including

      38.60

      40.15

      1.55

      1.19

      13.32

      43.55

      FDN-C25-328

      79.20

      88.35

      9.15

      7.92

      30.45

      64.81

      Including

      79.20

      81.70

      2.50

      2.17

      93.17

      138.50

      FDN-C25-328

      90.00

      93.65

      3.65

      3.59

      5.85

      24.18

      Including

      93.00

      93.65

      0.65

      0.64

      15.70

      66.20

      FDN-C25-328

      95.20

      98.35

      3.15

      3.10

      6.21

      15.37

      Including

      95.75

      96.25

      0.50

      0.49

      10.90

      27.90

      FDN-C25-329

      0.70

      4.50

      3.80

      2.69

      3.96

      5.48

      FDNS - Conversion

      Underground

      FDN-C25-329

      26.70

      29.25

      2.55

      1.90

      15.87

      15.51

      Including

      27.20

      28.40

      1.20

      0.89

      32.29

      30.13

      FDN-C25-329

      55.45

      61.80

      6.35

      2.78

      5.09

      16.69

      Including

      58.20

      59.20

      1.00

      0.44

      9.10

      19.65

      Including

      60.05

      61.80

      1.75

      0.77

      7.53

      23.13

      FDN-C25-329

      76.40

      86.50

      10.10

      4.27

      5.25

      25.86

      Including

      77.20

      77.65

      0.45

      0.19

      36.20

      19.50

      Including

      78.90

      79.50

      0.60

      0.25

      12.15

      13.10

      Including

      82.70

      83.25

      0.55

      0.23

      12.70

      275.00

      Including

      86.10

      86.50

      0.40

      0.17

      14.50

      18.60

      FDN-C25-330

      0.70

      3.50

      2.80

      0.72

      28.35

      29.39

      FDNS - Conversion

      Underground

      FDN-C25-330

      65.40

      68.20

      2.80

      2.63

      6.94

      12.59

      FDN-C25-331

      38.00

      40.00

      2.00

      2.00

      7.29

      10.25

      FDNS - Conversion

      Underground

      FDN-C25-332

      Pending Results

      FDNS - Conversion

      Underground

      FDN-C25-333

      Pending Results

      FDNS - Conversion

      Underground

      FDN-C25-334

      Pending Results

      FDNS - Conversion

      Underground

      FDN-C25-335

      Pending Results

      FDNS - Conversion

      Underground

      FDN-C25-336

      Pending Results

      FDNS - Conversion

      Underground

      FDN-C25-337

      Pending Results

      FDNS - Conversion

      Underground

      FDN-C25-338

      0.00

      2.80

      2.80

      1.80

      6.18

      38.44

      FDNS - Conversion

      Underground

      FDN-C25-339

      No Significant Results

      FDNS - Conversion

      Underground

      FDN-C25-340

      No Significant Results

      FDNS - Conversion

      Underground

      FDN-C25-341

      No Significant Results

      FDNS - Conversion

      Underground

      UGE-S-25-300

      No Significant Results

      FDNS - Exploration

      Underground

      UGE-S-25-308

      No Significant Results

      FDNS - Exploration

      Underground

      UGE-S-25-312

      No Significant Results

      FDNS - Exploration

      Underground

      UGE-S-25-316

      No Significant Results

      FDNS - Exploration

      Underground

      UGE-S-25-317

      No Significant Results

      FDNS - Exploration

      Underground

      UGE-S-25-324

      No Significant Results

      FDNS - Exploration

      Underground

      UGE-S-25-337

      14.40

      17.40

      3.00

      2.82

      6.62

      4.30

      FDNS - Exploration

      Underground

      Including

      15.40

      16.40

      1.00

      0.94

      11.65

      5.20

      UGE-S-25-337

      31.90

      34.80

      2.90

      2.86

      24.45

      11.57

      Including

      31.90

      32.80

      0.90

      0.89

      76.50

      30.60

      UGE-S-25-337

      59.30

      63.70

      4.40

      4.25

      5.69

      78.16

      Including

      63.10

      63.70

      0.60

      0.58

      16.35

      163.00

      UGE-S-25-337

      68.75

      73.60

      4.85

      4.56

      10.80

      46.46

      Including

      68.75

      69.75

      1.00

      0.97

      40.90

      160.00

      UGE-S-25-337

      117.80

      121.50

      3.70

      3.64

      19.40

      15.84

      Including

      118.85

      119.65

      0.80

      0.79

      83.00

      48.50

      UGE-S-25-337

      144.50

      148.00

      3.50

      3.49

      5.66

      13.36

      Including

      145.30

      146.20

      0.90

      0.90

      12.75

      23.90

      UGE-S-25-338

      51.35

      59.05

      7.70

      6.67

      23.23

      15.81

      FDNS - Exploration

      Underground

      Including

      52.25

      52.65

      0.40

      0.35

      329.00

      128.00

      UGE-S-25-338

      58.25

      61.65

      3.40

      3.08

      6.40

      9.76

      UGE-S-25-338

      180.20

      181.65

      1.45

      1.43

      4.97

      27.01

      Including

      180.20

      180.60

      0.40

      0.39

      15.85

      63.00

      UGE-S-25-339

      149.10

      152.30

      3.20

      3.09

      7.74

      13.41

      FDNS - Exploration

      Underground

      Including

      149.55

      150.55

      1.00

      0.97

      19.55

      29.80

      UGE-S-25-350

      No Significant Results

      FDNS - Exploration

      Underground

      UGE-S-25-351

      No Significant Results

      FDNS - Exploration

      Underground

      UGE-S-25-354

      No Significant Results

      FDNS - Exploration

      Underground

      UGE-S-25-355

      No Significant Results

      FDNS - Exploration

      Underground

      UGE-S-25-356

      No Significant Results

      FDNS - Exploration

      Underground

      UGE-S-25-357

      No Significant Results

      FDNS - Exploration

      Underground

      UGE-S-25-373

      No Significant Results

      FDNS - Exploration

      Underground

      UGE-S-25-384

      Pending Results

      FDNS - Exploration

      Underground

      Table 2: Drillhole assay results from FDN East exploration drilling program reported for thickness versus grade intervals above 9 (m x g/t Au >9). Drill hole intercepts are reported in drill core lengths

      Hole ID

      From (m)

      To (m)

      Interval (m)

      Au (g/t)

      Ag (g/t)

      Target

      Zone

      UGE-E-25-309

      190.90

      192.60

      1.70

      5.31

      5.11

      FDN-East

      Underground

      UGE-E-25-309

      229.55

      230.75

      1.20

      15.88

      7.53

      Including

      229.55

      229.95

      0.40

      44.60

      19.80

      UGE-E-25-309

      304.05

      306.50

      2.45

      4.32

      15.95

      Including

      304.05

      304.50

      0.45

      12.50

      27.50

      UGE-E-25-309

      314.65

      317.70

      3.05

      3.54

      5.18

      UGE-E-25-309

      336.30

      337.30

      1.00

      5.81

      8.30

      UGE-E-25-309

      439.30

      442.20

      2.90

      14.06

      10.03

      Including

      439.30

      440.20

      0.90

      41.60

      19.10

      UGE-E-25-330

      No Significant Results

      FDN-East

      Underground

      UGE-E-25-328

      137.05

      139.20

      2.15

      4.58

      5.60

      FDN-East

      Underground

      UGE-E-25-328

      142.50

      144.30

      1.80

      7.52

      6.76

      Including

      143.90

      144.30

      0.40

      14.20

      11.20

      UGE-E-25-328

      229.70

      234.10

      4.40

      8.27

      5.39

      Including

      229.70

      230.70

      1.00

      34.10

      21.00

      UGE-E-25-328

      262.80

      265.20

      2.40

      8.07

      6.78

      Including

      262.80

      263.30

      0.50

      37.60

      27.90

      UGE-E-25-328

      278.65

      282.15

      3.50

      9.64

      7.58

      Including

      280.50

      281.15

      0.65

      48.30

      28.40

      UGE-E-25-328

      332.00

      342.80

      10.80

      14.10

      8.47

      Including

      332.00

      334.40

      2.40

      56.09

      27.04

      UGE-E-25-328

      362.85

      367.70

      4.85

      23.91

      18.07

      Including

      362.85

      363.70

      0.85

      114.50

      82.50

      UGE-E-25-330

      No Significant Results

      FDN-East

      Underground

      UGE-E-25-331

      No Significant Results

      FDN-East

      Underground

      UGE-E-25-342

      No Significant Results

      FDN-East

      Underground

      UGE-E-25-343

      136.20

      138.00

      1.80

      45.05

      802.50

      FDN-East

      Underground

      Including

      137.10

      138.00

      0.90

      80.90

      1500.00

      UGE-E-25-343

      175.85

      181.65

      5.80

      6.16

      8.06

      UGE-E-25-343

      188.20

      193.20

      5.00

      8.23

      8.42

      UGE-E-25-343

      202.15

      204.45

      2.30

      4.94

      14.63

      UGE-E-25-360

      195.20

      199.20

      4.00

      3.22

      5.43

      FDN-East

      Underground

      Including

      195.20

      197.20

      2.00

      4.70

      5.25

      UGE-E-25-360

      226.35

      241.40

      15.05

      9.27

      4.49

      Including

      231.15

      235.85

      4.70

      10.35

      5.30

      Including

      236.80

      241.00

      4.20

      17.51

      5.85

      UGE-E-25-360

      257.10

      262.90

      5.80

      2.43

      3.66

      Including

      262.40

      262.90

      0.50

      10.10

      7.60

      UGE-E-25-360

      270.30

      280.00

      9.70

      1.82

      2.09

      UGE-E-25-361

      Pending Results

      FDN-East

      Underground

      UGE-E-25-379

      Pending Results

      FDN-East

      Underground

      UGE-E-25-386

      Pending Results

      FDN-East

      Underground

      Table 3: FDNS and FDN East Collar Drill Holes

      Hole ID

      Prospect

      Easting

      Northing

      Elevation

      Azimuth

      Dip

      EOH (m)

      Zone

      Year

      FDN-C25-249

      FDNS

      778177

      9582157

      1192

      317

      -15

      290.00

      Underground

      2025

      FDN-C25-250

      FDNS

      778177

      9582157

      1192

      305

      19

      227.60

      Underground

      2025

      FDN-C25-251

      FDNS

      778178

      9582157

      1192

      331

      -34

      203.40

      Underground

      2025

      FDN-C25-252

      FDNS

      778220

      9582326

      1183

      149

      -51

      130.00

      Underground

      2025

      FDN-C25-253

      FDNS

      778220

      9582326

      1186

      151

      42

      140.00

      Underground

      2025

      FDN-C25-254

      FDNS

      778221

      9582326

      1185

      152

      22

      130.00

      Underground

      2025

      FDN-C25-255

      FDNS

      778220

      9582326

      1183

      167

      -36

      190.00

      Underground

      2025

      FDN-C25-257

      FDNS

      778178

      9582352

      1183

      320

      -5

      160.00

      Underground

      2025

      FDN-C25-258

      FDNS

      778177

      9582351

      1182

      292

      -44

      80.00

      Underground

      2025

      FDN-C25-259

      FDNS

      778182

      9582366

      1183

      343

      2

      134.60

      Underground

      2025

      FDN-C25-260

      FDNS

      778182

      9582366

      1183

      354

      -6

      140.00

      Underground

      2025

      FDN-C25-261

      FDNS

      778181

      9582366

      1183

      321

      -3

      93.00

      Underground

      2025

      FDN-C25-262

      FDNS

      778220

      9582326

      1185

      170

      23

      197.10

      Underground

      2025

      FDN-C25-263

      FDNS

      778220

      9582326

      1182

      172

      -57

      189.50

      Underground

      2025

      FDN-C25-264

      FDNS

      778219

      9582326

      1183

      175

      16

      125.00

      Underground

      2025

      FDN-C25-265

      FDNS

      778184

      9582366

      1182

      32

      -35

      172.40

      Underground

      2025

      FDN-C25-266

      FDNS

      778180

      9582169

      1193

      321

      7

      137.40

      Underground

      2025

      FDN-C25-267

      FDNS

      778181

      9582365

      1184

      320

      27

      110.70

      Underground

      2025

      FDN-C25-268

      FDNS

      778181

      9582366

      1184

      334

      27

      160.00

      Underground

      2025

      FDN-C25-269

      FDNS

      778182

      9582365

      1186

      337

      50

      100.00

      Underground

      2025

      FDN-C25-270

      FDNS

      778175

      9582527

      1179

      317

      -22

      90.00

      Underground

      2025

      FDN-C25-271

      FDNS

      778175

      9582527

      1181

      337

      12

      89.00

      Underground

      2025

      FDN-C25-272

      FDNS

      778221

      9582432

      1180

      47

      -73

      166.60

      Underground

      2025

      FDN-C25-273

      FDNS

      778220

      9582429

      1180

      159

      -75

      334.80

      Underground

      2025

      FDN-C25-274

      FDNS

      778199

      9582257

      1092

      119

      11

      90.00

      Underground

      2025

      FDN-C25-275

      FDNS

      778199

      9582257

      1092

      69

      5

      139.80

      Underground

      2025

      FDN-C25-276

      FDNS

      778199

      9582258

      1091

      88

      -45

      205.00

      Underground

      2025

      FDN-C25-277

      FDNS

      778199

      9582257

      1091

      120

      -35

      206.50

      Underground

      2025

      FDN-C25-278

      FDNS

      778222

      9582140

      1195

      51

      32

      189.20

      Underground

      2025

      FDN-C25-279

      FDNS

      778222

      9582140

      1196

      76

      45

      118.20

      Underground

      2025

      FDN-C25-280

      FDNS

      778153

      9582347

      1089

      254

      -48

      130.00

      Underground

      2025

      FDN-C25-281

      FDNS

      778153

      9582350

      1090

      313

      -52

      140.00

      Underground

      2025

      FDN-C25-282

      FDNS

      778153

      9582347

      1093

      258

      30

      130.00

      Underground

      2025

      FDN-C25-283

      FDNS

      778152

      9582346

      1091

      243

      -3

      160.00

      Underground

      2025

      FDN-C25-284

      FDNS

      778150

      9582348

      1183

      268

      -23

      110.00

      Underground

      2025

      FDN-C25-285

      FDNS

      778150

      9582349

      1182

      291

      -22

      110.00

      Underground

      2025

      FDN-C25-286

      FDNS

      778150

      9582348

      1183

      283

      3

      120.00

      Underground

      2025

      FDN-C25-287

      FDNS

      778150

      9582348

      1182

      273

      -44

      119.00

      Underground

      2025

      FDN-C25-288

      FDNS

      778151

      9582346

      1182

      246

      -46

      160.00

      Underground

      2025

      FDN-C25-289

      FDNS

      778222

      9582429

      1181

      116

      -18

      139.90

      Underground

      2025

      FDN-C25-290

      FDNS

      778222

      9582432

      1180

      48

      -49

      150.10

      Underground

      2025

      FDN-C25-291

      FDNS

      778199

      9582257

      1091

      97

      -36

      200.00

      Underground

      2025

      FDN-C25-292

      FDNS

      778199

      9582257

      1091

      76

      -18

      120.10

      Underground

      2025

      FDN-C25-293

      FDNS

      778199

      9582257

      1091

      98

      -17

      173.10

      Underground

      2025

      FDN-C25-294

      FDNS

      778199

      9582257

      1090

      112

      -49

      134.70

      Underground

      2025

      FDN-C25-295

      FDNS

      778153

      9582349

      1089

      299

      -46

      105.00

      Underground

      2025

      FDN-C25-296

      FDNS

      778153

      9582348

      1089

      279

      -39

      80.00

      Underground

      2025

      FDN-C25-297

      FDNS

      778153

      9582347

      1089

      263

      -43

      110.00

      Underground

      2025

      FDN-C25-298

      FDNS

      778150

      9582346

      1183

      239

      -11

      77.50

      Underground

      2025

      FDN-C25-299

      FDNS

      778150

      9582347

      1182

      248

      -30

      122.90

      Underground

      2025

      FDN-C25-300

      FDNS

      778150

      9582347

      1183

      257

      -15

      110.00

      Underground

      2025

      FDN-C25-301

      FDNS

      778150

      9582348

      1183

      269

      6

      105.00

      Underground

      2025

      FDN-C25-302

      FDNS

      778204

      9582135

      1194

      129

      23

      110.00

      Underground

      2025

      FDN-C25-303

      FDNS

      778205

      9582136

      1193

      105

      -5

      70.00

      Underground

      2025

      FDN-C25-304

      FDNS

      778205

      9582143

      1192

      56

      -28

      94.10

      Underground

      2025

      FDN-C25-305

      FDNS

      778159

      9582343

      1090

      125

      -28

      108.00

      Underground

      2025

      FDN-C25-306

      FDNS

      778159

      9582343

      1090

      145

      -20

      318.40

      Underground

      2025

      FDN-C25-307

      FDNS

      778174

      9582351

      1091

      334

      8

      126.20

      Underground

      2025

      FDN-C25-308

      FDNS

      778191

      9582261

      1091

      303

      -22

      100.00

      Underground

      2025

      FDN-C25-309

      FDNS

      778191

      9582261

      1091

      314

      -28

      110.00

      Underground

      2025

      FDN-C25-310

      FDNS

      778191

      9582261

      1093

      330

      16

      121.00

      Underground

      2025

      FDN-C25-311

      FDNS

      778191

      9582261

      1093

      297

      21

      106.00

      Underground

      2025

      FDN-C25-312

      FDNS

      778191

      9582261

      1093

      316

      22

      90.00

      Underground

      2025

      FDN-C25-313

      FDNS

      778184

      9582345

      1183

      159

      -12

      115.00

      Underground

      2025

      FDN-C25-314

      FDNS

      778177

      9582346

      1089

      110

      -71

      180.00

      Underground

      2025

      FDN-C25-315

      FDNS

      778186

      9582352

      1182

      115

      -39

      78.10

      Underground

      2025

      FDN-C25-316

      FDNS

      778186

      9582353

      1182

      53

      -48

      140.00

      Underground

      2025

      FDN-C25-317

      FDNS

      778184

      9582351

      1089

      23

      -28

      149.60

      Underground

      2025

      FDN-C25-318

      FDNS

      778184

      9582351

      1091

      34

      21

      70.00

      Underground

      2025

      FDN-C25-319

      FDNS

      778184

      9582350

      1089

      53

      65

      95.00

      Underground

      2025

      FDN-C25-320

      FDNS

      778173

      9582258

      1092

      266

      -3

      90.00

      Underground

      2025

      FDN-C25-321

      FDNS

      778222

      9582427

      1088

      85

      -47

      150.00

      Underground

      2025

      FDN-C25-322

      FDNS

      778221

      9582427

      1088

      100

      -70

      200.00

      Underground

      2025

      FDN-C25-323

      FDNS

      778222

      9582426

      1088

      135

      -27

      90.00

      Underground

      2025

      FDN-C25-324

      FDNS

      778221

      9582427

      1088

      128

      -63

      270.00

      Underground

      2025

      FDN-C25-325

      FDNS

      778212

      9582326

      1183

      147

      -3

      315.00

      Underground

      2025

      FDN-C25-326

      FDNS

      778211

      9582326

      1184

      133

      21

      225.00

      Underground

      2025

      FDN-C25-327

      FDNS

      778211

      9582326

      1185

      141

      35

      177.90

      Underground

      2025

      FDN-C25-328

      FDNS

      778186

      9582353

      1182

      58

      -47

      110.00

      Underground

      2025

      FDN-C25-329

      FDNS

      778186

      9582352

      1182

      85

      -70

      95.00

      Underground

      2025

      FDN-C25-330

      FDNS

      778221

      9582434

      1182

      35

      8

      125.00

      Underground

      2025

      FDN-C25-331

      FDNS

      778222

      9582433

      1181

      53

      -20

      116.20

      Underground

      2025

      FDN-C25-332

      FDNS

      778199

      9582348

      1089

      125

      -28

      160.00

      Underground

      2025

      FDN-C25-333

      FDNS

      778199

      9582348

      1089

      130

      -44

      149.90

      Underground

      2025

      FDN-C25-334

      FDNS

      778199

      9582348

      1088

      95

      -57

      120.00

      Underground

      2025

      FDN-C25-335

      FDNS

      778199

      9582348

      1088

      49

      -59

      250.00

      Underground

      2025

      FDN-C25-336

      FDNS

      778199

      9582348

      1090

      107

      -5

      150.00

      Underground

      2025

      FDN-C25-337

      FDNS

      778199

      9582348

      1090

      95

      -14

      156.20

      Underground

      2025

      FDN-C25-338

      FDNS

      778222

      9582433

      1182

      49

      8

      115.00

      Underground

      2025

      FDN-C25-339

      FDNS

      778223

      9582430

      1182

      120

      15

      130.90

      Underground

      2025

      FDN-C25-340

      FDNS

      778205

      9582136

      1196

      113

      42

      100.00

      Underground

      2025

      FDN-C25-341

      FDNS

      778206

      9582142

      1192

      79

      -27

      85.30

      Underground

      2025

      UGE-S-25-300

      FDNS

      778260

      9581782

      1413

      322

      -50

      473.60

      Underground

      2025

      UGE-S-25-308

      FDNS

      778117

      9582819

      1247

      138

      -22

      420.00

      Underground

      2025

      UGE-S-25-312

      FDNS

      778265

      9581778

      1413

      60

      -63

      280.10

      Underground

      2025

      UGE-S-25-316

      FDNS

      778117

      9582819

      1248

      139

      -7

      423.80

      Underground

      2025

      UGE-S-25-317

      FDNS

      778260

      9581775

      1414

      250

      -53

      609.10

      Underground

      2025

      UGE-S-25-324

      FDNS

      778118

      9582820

      1248

      125

      -13

      399.00

      Underground

      2025

      UGE-S-25-337

      FDNS

      778222

      9582140

      1194

      67

      9

      196.30

      Underground

      2025

      UGE-S-25-338

      FDNS

      778222

      9582138

      1194

      110

      19

      190.00

      Underground

      2025

      UGE-S-25-339

      FDNS

      778222

      9582138

      1193

      117

      -11

      190.00

      Underground

      2025

      UGE-S-25-350

      FDNS

      778221

      9582623

      1178

      139

      18

      204.30

      Underground

      2025

      UGE-S-25-351

      FDNS

      778221

      9582623

      1177

      143

      -30

      197.30

      Underground

      2025

      UGE-S-25-354

      FDNS

      778196

      9582136

      1193

      259

      -9

      250.00

      Underground

      2025

      UGE-S-25-355

      FDNS

      778196

      9582135

      1193

      242

      -26

      261.00

      Underground

      2025

      UGE-S-25-356

      FDNS

      778197

      9582135

      1193

      223

      -20

      275.80

      Underground

      2025

      UGE-S-25-357

      FDNS

      778196

      9582135

      1193

      230

      -12

      246.10

      Underground

      2025

      UGE-S-25-373

      FDNS

      778197

      9582135

      1193

      215

      -15

      280.00

      Underground

      2025

      UGE-S-25-384

      FDNS

      778205

      9582136

      1194

      120

      5

      229.20

      Underground

      2025

      UGE-E-25-309

      FDN-East

      778188

      9583153

      1274

      117

      3

      445.10

      Underground

      2025

      UGE-E-25-323

      FDN-East

      778187

      9583153

      1273

      130

      0

      502.50

      Underground

      2025

      UGE-E-25-328

      FDN-East

      778188

      9583153

      1274

      115

      12

      450.70

      Underground

      2025

      UGE-E-25-330

      FDN-East

      778188

      9583153

      1273

      115

      -20

      255.00

      Underground

      2025

      UGE-E-25-331

      FDN-East

      778188

      9583153

      1275

      120

      27

      280.00

      Underground

      2025

      UGE-E-25-342

      FDN-East

      778188

      9583154

      1275

      70

      33

      320.70

      Underground

      2025

      UGE-E-25-343

      FDN-East

      778188

      9583153

      1273

      87

      -21

      251.90

      Underground

      2025

      UGE-E-25-360

      FDN-East

      778168

      9583293

      1271

      100

      7

      435.00

      Underground

      2025

      UGE-E-25-361

      FDN-East

      778168

      9583295

      1271

      80

      9

      270.40

      Underground

      2025

      UGE-E-25-379

      FDN-East

      778168

      9583295

      1271

      265

      60

      265.00

      Underground

      2025

      UGE-E-25-386

      FDN-East

      778168

      9583296

      1272

      300

      50

      300.00

      Underground

      2025

      SOURCE Lundin Gold Inc.

      For more information, please contact: Brendan Creaney, Vice President, Corporate Development & Investor Relations, Tel: +1-604-376-4595, [email protected]

      Modal title

      Organization Profile

      Lundin Gold Inc.

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      • Lundin Gold Reports High-Grade Gold Results including 124.27 g/t Au over 11.00 Metres at FDNS and 242.64 g/t Au over 3.30 Metres at Bonza Sur; Conversion Drilling Commences at FDN East

      • Lundin Gold Reports Q3 2026 Production of 153,736 Ounces of Gold

      • Lundin Gold Share Capital and Voting Rights Update

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