Toronto, Ontario — January 15, 2026 — Leads & Copy — XXIX Metal Corp. has completed a 73.5-line kilometer induced polarization (IP) survey at the Thierry project, marking the first systematic and detailed IP survey on the property, the company announced Thursday.
The survey identified multiple anomalies at the K1 and K2 deposits and broad conductive corridors, which suggest district-scale exploration targets.
IP surveying is an important tool in defining geology, mapping subsurface mineralization and guiding drilling priorities.
A wide anomaly extending for more than 2.5km along a contact between geophysical domains was detected between K1 and K2 (Grids East and L), highlighting multiple new drill targets. This anomaly represents an area of potential sulphide accumulation between the K1 and K2 deposits.
East of K1 (Grids E and K), the survey outlined a broad, highly conductive corridor spanning >6.5 km, supporting a district-scale target trend.
West of K2 (Grid West), a wide conductive horizon was mapped over ~1.5 km and remains open at both ends, highlighting the potential for additional targets. This area has not been tested previously.
XXIX completed 73.5 line km of IP surveying over three grids (E, K and L) to advance target definition along the broader Thierry trend.
Results from the IP survey were processed and interpreted together with 25.6 line-km of historical IP surveys completed in 2011, ultimately generating unique project-scale IP interpretation maps leading to new exploration targets along the Thierry trend.
The company is also nearing completion of a full database validation and reinterpretation of the K2 deposit, following the same proven process used for the K1 and the Opemiska deposits. Thierry’s database contains over 210,000 metres of drilling, making it an exceptionally valuable resource.
XXIX emphasizes its deep expertise in database management and geological reinterpretation, which will allow for more precise targeting and better-informed exploration decisions.
Given the strong anomalies generated by the IP survey, Thierry is positioned for an active 2026 exploration season, where the Company intends on advancing its understanding of the Thierry property and the potential connection of K1 and K2, while honing in on high-potential targets generated for follow-up drill testing.
The technical information contained in this news release has been reviewed and approved by Denis McNichols, P.Geo and géo., Vice President Exploration for XXIX Metal, a Qualified Person, as defined in “National Instrument 43-101, Standards of Disclosure for Mineral Projects.
XXIX is advancing its Opemiska and Thierry Copper projects, two significant Canadian copper assets. The Opemiska Project, one of Canada’s highest-grade open pitable copper deposits, spans 21,333 hectares in Quebec’s Chapais-Chibougamau region, with strong infrastructure and nearby access to the Horne Smelter. An October 2025 Preliminary Economic Assessment outlined a 12,500 tpd open pit operation over a 17-year mine life, generating an after-tax NPV8% of $505M, IRR of 27.2%, and a 2.3-year payback period ($4.35/lb copper price, $3,000/oz gold price, $30/oz silver price). The Thierry Project hosts the K1 (near-surface) and the past-producing K2 (underground & surface) zones (see XXIX news release dated October 1, 2024 for details regarding resources). Thierry has significant infrastructure in place including an all-season road, an airport within 5km, a provincial power grid within 8km, and nearby rail. With these two high-potential projects, the Company has solidified its position as a key player in the Canadian copper sector and has established itself as one of Eastern Canada’s largest copper developer.
For further information, please contact:
Guy Le Bel, Chief Executive Officer
Phone: 514.654.8550
Email: glebel@oregroup.ca
Source: XXIX Metal Corp.
