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, which includes the mine and mill complex, according to a news release.
The company (TSXV: AUMB) (OTCQX: AUMBF) (FRA: 2KY) provided a summary of key milestones achieved in 2025 and outlined its plan for 2026.
In 2025, 1911 Gold transitioned into an advanced-stage developer with near-term production potential, driven by exploration success within the mine lease footprint. The company re-entered the underground mine, commenced underground development, and initiated its first underground drill program.
To support growth, the company strengthened its leadership team and site personnel and intensified its capital market presence to expand visibility and reach new investors. These steps allowed the company to secure capital for an aggressive 2026 exploration and development plan and saw an annual share price increase of 468%.
Shaun Heinrichs, President and CEO, stated that the company has continued to intensify its focus on returning to production in 2027. He noted that 2025 was a pivotal year as the company returned to the underground mine, confident in its team and the results achieved by the exploration team on the surface.
Heinrichs added that the company’s biggest challenge has been prioritizing efforts given the multiple opportunities ahead. The PEA, planned for release in the coming weeks, will provide detailed information on the mine plan, project economics, and future opportunities, which will be instrumental in prioritizing the drill program over the coming year.
In 2026, the company aims to build on this framework by advancing toward a Pre-Feasibility Study and an updated global resource estimate incorporating its 2024-2026 drill results. Heinrichs thanked stakeholders, including employees, suppliers and contractors, local communities, the Province of Manitoba, shareholders, and strategic partners. He stated that the 1911 Gold story is only just beginning, and supported by buoyant gold prices, 2026 is poised to deliver continued value growth.
Key Milestones in 2025:
Corporate Highlights:
Realized a share price increase of 468%, ending the year with a market capitalization of C$270 million.
Raised a total of C$36.2M over two financings with institutional support to fund the 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 the ongoing surface and underground drill programs at True North.
1911 Gold’s common shares graduated to the OTCQX Best Market in the United States.
Team:
Strengthened the senior management team with the appointment of Éric Vinet as Chief Operating Officer, along with several key technical and site personnel, and the engagement of Suzette Ramcharan of WIN Expertise Inc., providing investor relations and corporate communications services.
Exploration:
Filed a NI 43-101 Technical Report for the updated Mineral Resource Estimate 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 (Toronto), to complete a PEA study for True North.
Commenced the Company’s first underground drill program.
Outlook for 2026:
2026 is poised to be another transformative year as 1911 Gold accelerates underground activities in anticipation of a 2027 production restart. The company will launch an extensive infill and delineation drill program specifically targeting near-term mining blocks, increasing the drill rig count.
Critical operational steps to be taken in 2026 include:
Infrastructure and Mill Optimization: Completion of a new crushing circuit and optimizing mill operations.
Mine Readiness: Completing dewatering of the loading pocket area at the bottom of the A Shaft, to allow for development on Level 26, including rehabilitating the ore pass from Level 16, completion of drill bay areas to increase access to deeper zones, and to commence development of the 710 zone as well as inspect D Shaft and begin preparations for accessing the lower levels.
Strategic Workforce Expansion: Leveraging a highly experienced site leadership team to grow the workforce, while fostering a culture rooted in safety, responsibility, and operational excellence.
District-Scale Exploration: Maintaining a robust surface exploration program.
The company has issued 125,000 deferred share units to four directors under the Company’s Long-Term Incentive Plan in respect of director fees incurred in the fourth quarter of 2025.
Mr. Michele Della Libera, P.Geo, Vice President Exploration of 1911 Gold, is the qualified person who reviewed and approved the scientific and technical information in this release.
Shaun Heinrichs
President and CEO
www.1911gold.com
Source: 1911 Gold
