Vancouver, British Columbia — January 15, 2026 — Leads & Copy — Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) has reported new assays from its 2025 drilling program at the Road and Blueberry Contact Zone within the Scottie Gold Mine Project.
Drilling results confirm a new near-surface vein discovery in the Bend area, in addition to a high-grade intercept in the Fifi Zone. At the Road Zone, drilling encountered a high-grade intercept outside of the current resource model but within the PEA’s open pit shell.
The Scottie Gold Mine Project, which is road-accessible, includes the 100%-owned past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone. It is located 35 kilometers north of Stewart, BC, and is the subject of a newly released Preliminary Economic Assessment (PEA).
According to Dr. Thomas Mumford, President, the results demonstrate the success of Scottie’s 2025 drill program, delivering increased geological confidence on high-grade vein systems such as Fifi, confirming resource expansion potential within the existing open pit shell, and highlighting the discovery of new veins at the Bend area. Mumford added that the drilling underscores the strength of Scottie’s systematic exploration approach and reinforces the significant upside across the project.
Highlights from the drilling results include:
- SR25-416 intersected 16.1 grams per tonne (g/t) gold over 4.60 metres (m), including 56.5 g/t gold over 1.10 m in the Fifi vein zone.
- SR25-409 intersected 4.39 g/t gold over 5.00 m including 16.8 g/t gold over 1.00 m at the Road Zone. The intercept was outside of the resource block model but within the open pit shell.
- SR25-400 in the Bend area intersected a newly discovered vein grading 3.09 g/t gold over 3.00 m in a near surface intercept.
Recent drilling at the Fifi vein zone continues to validate its importance within the Scottie Gold Mine Project, delivering high-grade intercepts within and adjacent to the existing open-pit shell. These results support increased confidence in grade continuity, provide opportunities to enhance early-stage mill feed through higher-grade material, and offer potential to improve project economics through selective mining and sequencing. The growing definition of the Fifi zone adds flexibility to mine planning while reinforcing the potential for near-surface, high-margin ounces.
During the 2025 season a number of hydrological drill holes were proposed by SLR (collecting baseline environmental data for permitting) in collaboration with Tetra Tech for purposes of ground water monitoring and geotechnical support. Reported holes 400-402 were drilled in the Bend area to support design of the open pit for the Bend Vein. Hole 400, a vertical hole, 21.5 metre deep, intercepted a sulphide-rich vein hosted in andesite (same setting as the Bend vein) grading 3.09 g/t Au over 3.00 m. This newly discovered, near surface vein will be further targeted in the 2026 drill program.
An objective during the 2025 program was expansion of the resource within the open pit shells defined in the PEA, i.e. the volume of rock within the open pit shell outside the block model. One such hole, SR25-409, intersected 4.39 g/t gold over 5.00 m including 16.8 g/t gold over 1.00 m at the Road Zone demonstrating opportunity to expand the resource in this area.
Over the past six years, exploration at the Scottie Gold Mine Project has delivered exceptional results including the discovery of four new high-grade zones and the expansion of several historically drilled targets.
The Blueberry Contact Zone, located 2 km northeast of the 100%-owned past producing Scottie Gold Mine in BC’s Golden Triangle, has rapidly advanced from a lightly drilled high-grade vein showing into a major growth target.
The Company has recently completed a PEA which evaluates a low-capital DSO operation to deliver a gold-rich gravel product to Asian copper/precious metals smelters. At a gold price of US$2600/oz the project estimates an after-tax NPV(5%) of $215.8 M CAD with an IRR of 60.3%. By design, the operation will eliminate the need for a gold processing plant and tailings facility, thereby significantly reducing the capital required and resulting in a minimal environmental footprint, resulting in an initial capital cost of $128.6 M CAD. The project envisages a shallow open pit on the Blueberry Zone to start, followed by underground production from both Blueberry and the past-producing Scottie Gold Mine. The PEA also evaluates a toll milling scenario through the nearby Premier Mill, which results in an after-tax NPV(5%) $380.1 M CAD and an IRR 89.9%.
Scottie’s 2025 Bulk Sample program exemplifies the unique characteristics of this mining project, and its ability to rapidly progress. From permitting to mining, crushing, transporting, shipping and sale of the product, the program was executed in under a year, generating an estimated $9M in new revenue. With this proven pathway, Scottie’s has confidence in the simplicity and efficiency of its DSO model.
Results from samples taken during the 2025 field season were analyzed at SGS Minerals in Burnaby, BC. The sampling program was undertaken under the direction of Dr. Thomas Mumford. Gold was assayed using a fire assay with atomic absorption spectrometry and gravimetric finish when required (+9 g/t gold). Analysis by four acid digestion with multi-element ICP-AES analysis was conducted on all samples with silver and base metal over-limits being re-analyzed by emission spectrometry.
Dr. Thomas Mumford, P.Geo., non-independent President of the Company, a qualified person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of the Company.
Scottie Resources holds 100% interest in the Scottie Gold Mine Property, which includes the high-grade, past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone. The Company also owns a 100% interest in the Georgia Project, host to the past-producing Georgia River Mine, as well as the Cambria, Sulu, and Tide North properties. In total, Scottie controls approximately 58,500 hectares of highly prospective mineral claims within the Stewart Mining Camp in British Columbia’s Golden Triangle.
Scottie’s current resource estimate on the Scottie Gold Mine Project includes a total of 703,000 gold ounces at an average grade of 6.1 g/t (Inferred category) in 3.6 millon tonnes. The Company’s strategy is to continue expanding this resource and to define additional mineralization around past-producing mines through systematic drilling and surface exploration.
Scottie Resources has completed a PEA for the Scottie Gold Mine outlining a robust Direct-Ship Ore (DSO) development scenario with strong economics and significant upside through a potential toll-milling option utilizing excess capacity at the nearby Premier mill. The base case DSO project delivers an after-tax NPV(5%) of $215.8–$668.3 million at gold prices of US$2,600–$4,200/oz, respectively. Under the toll-milling scenario, project economics improve substantially, with an after-tax NPV(5%) of $380.1–$831.7 million. The PEA estimates initial capital costs of $128.6 million, average annual production of ~65,400 oz gold over seven years, and a payback period of 1.7 years for the after-tax DSO case.
Brad Rourke
CEO
+1 250 877 9902
brad@scottieresources.com
Source: Scottie Resources Corp.
