VANCOUVER, BC — January 15, 2026 — Leads & Copy —
1911 Gold Corporation is advancing toward a mine restart at its 100%-owned True North Gold Project in southeastern Manitoba, Canada, after a successful 2025 and an ambitious plan for 2026.
The company (TSXV: AUMB) (OTCQX: AUMBF) (FRA: 2KY) transitioned into an advanced-stage developer with near-term production potential in 2025, driven by exploration success and the re-entry into the underground mine. This included the commencement of underground development and 1911 Gold’s first underground drill program.
Shaun Heinrichs, President and CEO, stated that prioritizing efforts has been the company’s biggest challenge, given the multiple opportunities ahead. A Preliminary Economic Assessment (PEA) is planned for release in the coming weeks.
In 2026, the company aims to advance toward a Pre-Feasibility Study and an updated global resource estimate incorporating drill results from 2024 to 2026. The company also realized an annual share price increase of 468%.
2025 Key Milestones:
Corporate Highlights:
Share price increased by 468%, ending the year with a market capitalization of C$270 million.
The company raised a total of C$36.2M over two financings with institutional support to fund exploration and development plans in 2025 and 2026.
The Manitoba Mineral Development Fund (MMDF) approved two grants in 2025, for C$286,000 and $300,000, to support surface and underground drill programs at True North.
1911 Gold’s common shares graduated to the OTCQX Best Market in the United States.
Team:
Éric Vinet was appointed as Chief Operating Officer.
Suzette Ramcharan of WIN Expertise Inc. was engaged to provide investor relations and corporate communications services.
Exploration:
Filed a NI 43-101 Technical Report for the updated Mineral Resource Estimate (MRE) at True North outlining indicated resources of 499,000 ounces, 3, 516, 000 tonnes at 4.41 grams per tonne gold, and inferred resources of 644,000 oz, 5,490,000 tonnes at 3.65 g/t Au.
Completed 20,342 metres of surface exploration drilling in 71 holes targeting three newly identified and prospective areas.
Commenced a 2,200-m surface drill program at Ogama-Rockland.
Operations:
Re-commissioned the True North mine hoist system in the A Shaft.
Engaged AMC Consultants to complete a PEA study for True North.
Commenced the company’s first underground drill program.
2026 Outlook:
1911 Gold plans to accelerate underground activities in anticipation of a 2027 production restart. Following the release of the PEA, the company will launch an extensive infill and delineation drill program.
Critical operational steps for 2026 include infrastructure and mill optimization, mine readiness, strategic workforce expansion, and district-scale exploration.
2026 Milestones & Catalysts:
Operational developments will progress, and 1911 Gold will continue to de-risk the potential mining operation and restart strategy.
The Company has issued 125,000 deferred share units (“DSUs”) to four directors under the Company’s Long-Term Incentive Plan in respect of director fees incurred in the fourth quarter of 2025.
The scientific and technical information in this news release has been reviewed and approved by Mr. Michele Della Libera, P.Geo, Vice President Exploration of 1911 Gold.
Shaun Heinrichs is President and CEO.
Source: 1911 Gold Corporation
