Strategic Gold-Antimony Land Package Expansion

TORONTO - New Age Metals Inc. (NAM)announced the successful map-staking of two new prospective gold-antimony (Au-Sb) properties in north-central Newfoundland. These two properties are in addition to one previously staked property along strike of the Beaver Brook Antimony Mine in north-central Newfoundland and five previously staked properties adjacent to and along strike of known Au-Sb occurrences in the St. Alban’s area of south-central Newfoundland.

Harry Barr, Chairman and CEO, said, “NAM is delighted to secure this additional ground over such a highly prospective area, strategically located along trend from the Beaver Brook Sb Mine and adjacent to the Queensway South Au Project. Our technical team is diligently reviewing existing data, refining target selections, and planning for an aggressive fieldwork program across all eight of our new Au-Sb properties in the summer of 2025. With historically high prices for both gold and antimony, we are eager to advance exploration efforts on our entire land package. The Fastness and Palisade Properties will be top priorities for our 2025 summer exploration program, given their strategic location and geological setting.”

NAM has strategically staked 29 claims covering 725 ha, naming it the Fastness Property. This property is located 2 km east of NAM’s previously staked Sentinel Property, positioned between the past-producing Beaver Brook Sb Mine (~4 km north) and New Found Gold Corp.’s Queensway South Gold Project (~3 km south). Fastness is also situated.

Approximately 5 km to the west, NAM has staked 13 claims covering 325 ha and named it the Palisade Property. This Property is situated 2 km along trend to the northeast from NAM’s  previously staked Sentinel Property. Generally, Palisade occurs along the southwest extension of the Beaver Brook Mine lithostructural trend and targets extensions of known high-grade Sb (Au) mineralization.

The Beaver Brook Sb Mine was Canada’s only primary antimony producer, with a historical resource of 2.2 Mt grading 3.99% Sb at a 1.5% cut-off grade. The Queensway South Gold Project is the ~80 km long southern extension of the highly gold mineralized trend at Queensway North.  The project has seen a marked increase in exploration efforts over the past 3 years (2022 to 2024) totalling 19,980 metres of diamond drilling in 89 holes, 1,200 rock samples, and 9,900 soil samples.

The addition of the Fastness and Palisade Properties to NAM’s exploration property portfolio presents a significant opportunity for gold-antimony (Au-Sb) discoveries. The Company’s technical consultants are actively compiling and interpreting geological, geochemical, and geophysical datasets to define high-priority target areas for field follow-up in summer 2025.

In addition to these recently staked properties, NAM is aggressively assessing more properties in Newfoundland and elsewhere in Canada for future acquisitions.