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FIN RESOURCES LIMITED Capital/Financing Update 2026

Apr 14, 2026

64920_rns_2026-04-14_3ec4f58e-e31d-4cdf-b3c3-26697d8ce4c9.pdf

Capital/Financing Update

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ASX Release 15 April 2026 ASX: FIN

MASSIVE SULPHIDE MINERALISATION CONFIRMED AT ARROW PROSPECT, CABIN LAKE

Highlights

  • Three diamond drillholes completed at the Arrow Prospect (CL-26-01 to CL-26-03), all confirming the Company’s geological model, with approximately 114 metres of cumulative sulphide mineralisation intersected based on geological logging [1]

    • CL-26-01: Broad zone (~38 m) of sulphide mineralisation intersected within banded iron formation – assays expected in 2 weeks

    • CL-26-02: Sulphide-bearing banded iron formation intersected over ~13 m at anticipated depths including zones of locally massive sulphide mineralisation

    • CL-26-03: Broad zone (~63 m) of sulphide mineralisation intersected, including disseminated sulphides transitioning to strong sulphide veining at depth

  • CL-26-004 completed at Beaver Prospect, with drilling ongoing in CL-26-005.

  • Drilling confirms sulphide mineralisation at anticipated depths with characteristics consistent with previously reported high-grade zones, supporting continuity of the mineralised system

  • Ground magnetic survey 27 of 40 line km completed

  • Downhole IP surveys completed on four drillholes (CL-26-01 to CL-26-04)

  • Surface IP survey commenced to extend 2021 dataset

  • Integrated geophysics and drilling program to support interpretation of the mineralised system and ongoing drilling

  • Established high-grade gold system [2] , including:

    • 31.4m @ 15.2 g/t Au from 17.5m (CL-20-08)

    • 13.6m @ 7.3 g/t Au from 41.2m (CL-20-03)

  • Additional anomalous gold mineralisation confirmed across multiple prospects

  • 1 Cautionary Note: Drillhole CL-26-001 previously reported in the Company’s ASX release dated 27 March 2026. Visual estimates of sulphide mineralisation are based on geological logging and are approximate only. These observations are qualitative and are not a substitute for laboratory assay results. No quantitative estimate of gold grade can be determined from visual observations.

  • 2 Refer to ASX release dated 4 February 2026.

FIN Chairman, Bruce McFadzean, commented:

“This drilling program marks a significant step forward for Cabin Lake, with early results confirming the continuity of sulphide mineralisation and strongly supporting the Company’s geological model.

We are consistently intersecting sulphide-bearing BIF at anticipated depths, with visual sulphide mineralisation consistent with previously reported high-grade zones. The presence of broad sulphide intervals, together with zones of more intense mineralisation, highlights the scale and robustness of the system.

With multiple holes completed and further drilling underway, and geophysics now being integrated with drilling, we are rapidly building a clearer picture of what is emerging as a continuous and potentially extensive mineralised corridor.”

FIN Resources Limited (ASX: FIN) (“FIN” or “the Company”) is pleased to provide an update on its ongoing exploration program at the Cabin Lake Gold Project in the Northwest Territories, Canada.

Drilling at the Cabin Lake Gold Project has progressed through the Arrow Prospect, with three diamond drillholes (CL-2601 to CL-26-03) completed, confirming mineralised banded iron formation at anticipated depths with consistent sulphide characteristics. A fourth hole (CL-26-004) has now been drilled at the Beaver Prospect, marking the commencement of drilling in this area. In parallel, the Company has commenced a targeted geophysics program, including ground magnetics, downhole induced polarisation (IP) and surface IP surveys, with these datasets being integrated with drilling to support interpretation of the mineralised system and assess continuity along strike and at depth.

[email protected] www.finresources.com.au

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DRILLING UPDATE - ARROW PROSPECT

Drilling at the Arrow Prospect (CL-26-01 to CL-26-03) has confirmed a well-developed sulphide-bearing BIF system over significant widths, with approximately 114 metres of cumulative sulphide mineralisation intersected across the three holes.

CL-26-001 intersected a broad zone of sulphide mineralisation from ~14.5 m to 52.9 m within strongly silicified BIF. CL26-002 intersected sulphide-bearing BIF from ~12.7 m to 25.3 m, confirming mineralisation at consistent depths and with similar characteristics. CL-26-003 has returned the most extensive mineralisation, with disseminated sulphides from ~6 m to 46.5 m, transitioning into a continuous zone of strong sulphide veining from ~46.5 m to 69 m.

Sulphide mineralisation is dominated by pyrite with minor pyrrhotite and is hosted within structurally deformed and sulphidised BIF, with veining and sulphide intensity increasing at depth. The consistency of mineralisation across all three holes, together with the development of strong veining in CL-26-003, highlights the scale, continuity and structural control of the system, supporting the interpretation of a potentially extensive mineralised corridor.

Following these results, the drilling program is being refined to focus on priority zones, with a more targeted scope designed to maximise geological understanding ahead of a broader, geophysics-informed summer campaign.

Structural logging is ongoing to refine true widths and orientation of mineralisation.

The drill rig has completed CL-26-004 at the Beaver Prospect, representing the first hole outside Arrow in the current program, with geological logging in progress. Drilling is continuing with CL-26-005, with the program expected to progress to the Andrew South Prospect.

Initial observations from drilling at Beaver are considered encouraging, with sulphide mineralisation observed early in the drilling process. Further logging and interpretation are ongoing.

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Figure 1. Mineralised core from drillhole CL-26-002 (12.87m-20.32m)

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Table 1. Visual Estimation[1] of Sulphides for Figure 1.

Visual estimates of sulphide mineralisation from logging of drillholes CL-26-001 to CL-26-003 are summarised below.

From To Pyrite
Pyrrhotite
Hole ID (m) (m) % % Description
CL-26-001 14.55 52.92 Up to
Up to 20
Broad zone of sulphide mineralisation within BIF, consistent with
30 geological model¹
CL-26-002 12.87 20.32 ~5-20
~2-8
Disseminated to blebby and locally massive sulphides within BIF
20.32 25.3 ~2-5 <1 Disseminated sulphides
CL-26-003 6 46.54 ~1-3 Trace Broad disseminated sulphide zone within BIF, consistent with
geological model
46.54 69 15-20
15-20
Strong sulphide veining associated with fractures and bedding

1 Cautionary Note: Drillhole CL-26-001 previously reported in the Company’s ASX release dated 27 March 2026. Visual estimates of sulphide mineralisation are based on geological logging and are approximate only. These observations are qualitative and are not a substitute for laboratory assay results. No quantitative estimate of gold grade can be determined from visual observations.

Ground Magnetics Survey

The Company has completed approximately 27 line kilometres of detailed ground magnetic survey across the Andrew mineralisation corridor, with approximately 13 line kilometres remaining across the Arrow-Beaver-Camp corridor. Figure 2 illustrates the historical ground magnetic coverage and the current infill and extension survey areas.

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Figure 2 Cabin Lake Gold Project - Historical & Planned Ground Magnetics Survey areas

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The survey is focused on mapping the geometry and continuity of the Bugow Iron Formation, which is the primary host to gold mineralisation at Cabin Lake, as well as identifying structural features that may control the distribution and thickness of mineralised zones.

Initial observations indicate that the BIF can be effectively traced along strike using magnetic data; however, variability in magnetic response is also being observed, which may reflect structural complexity and zones of variable alteration and sulphide development. This is particularly relevant in areas where drilling has intersected mineralisation, but the broader structural context remains uncertain.

The magnetic dataset will be integrated with drilling, downhole IP and surface IP results to improve geological interpretation and support ongoing drilling and interpretation of the mineralised system.

Downhole Induced Polarisation (IP)

Downhole IP surveys have been completed on four diamond drillholes (CL-26-01 to CL-26-04), with post-processing and inversion modelling currently underway.

At Cabin Lake, gold mineralisation is associated with sulphide assemblages (primarily pyrite and pyrrhotite) hosted within the Bugow Iron Formation. Variability in structural continuity and local core conditions can limit interpretation from drilling alone. Downhole IP is being used to extend interpretation beyond the immediate drillhole, providing a continuous geophysical response to assess whether sulphide mineralisation extends laterally and at depth. This is particularly relevant within structurally deformed BIF, where surface methods may be impacted by conductive overburden.

The results will be integrated with geological logging, ground magnetics and surface IP data to support interpretation of the mineralised system and ongoing drilling.

Surface IP Survey

A surface dipole-dipole IP survey has commenced, designed to extend and infill the 2021 IP dataset along the Bugow Iron Formation. The survey is focused on areas where historical chargeability anomalies have been identified but are not fully resolved by existing drilling. Several of these anomalies form continuous trends along strike, highlighting areas of limited drill coverage ( refer Figure 3 and Figure 4 ).

Drilling to date has been concentrated on discrete areas of the mineralised corridor and has not fully explained the extent or continuity of previously defined IP responses. The current survey is aimed at improving the definition and continuity of these anomalies along strike.

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Figure 3 Cabin Lake Gold Project - Historical & Planned Surface IP infill and extension survey areas

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Figure 4 Cabin Lake Gold Project - Historical Surface IP Survey image[1] with open ended anomalism, and planned surface infill and extension survey areas

  • 1 Source: NI 43-101 Technical Report on the Cabin Gold Property for Rover Critical Minerals Corp (Sanabria, 2024). The report is not publicly available. The Company has not independently verified this data and it is used for qualitative exploration purposes only.

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At Cabin Lake, sulphide mineralisation (pyrite and pyrrhotite) is expected to generate chargeability responses. The surface IP survey will therefore be used to map the distribution of sulphide-rich zones within the Bugow Iron Formation and support interpretation of sulphide distribution beyond current drilling.

The results will be integrated with drilling, downhole IP and magnetic datasets to support interpretation of the mineralised system and ongoing drilling.

Integrated Exploration Approach

The Company is undertaking a coordinated exploration program combining diamond drilling, ground magnetics, downhole IP and surface IP across the BIF.

This integrated approach is designed to support interpretation of the geometry, continuity and structural controls of sulphide mineralisation, particularly where drilling has tested discrete portions of the system. Geophysical datasets are being used to extend geological observations beyond drillholes and assess continuity of sulphide-bearing zones along strike and at depth.

This approach supports interpretation of the continuity and scale of the mineralised system across the ~15 kilometre corridor.

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Figure 5 - Cabin Lake Gold Project: Historical Drillhole Locations and Prior Sampling Results

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Next Steps

  • Complete remaining 13 line kilometres of ground magnetic survey to extend coverage across the corridor

  • Receive and interpret downhole IP results to refine understanding of sulphide continuity at depth

  • Progress surface IP survey to define the extent of chargeability anomalies along strike

  • Integrate geophysical datasets with drilling observations to strengthen interpretation of the mineralised system

  • Continue diamond drilling at Beaver, Andrew and advance testing of additional prospective zones

  • Receive and report assay results as they become available

The current program is designed to maximise data acquisition during winter access conditions, particularly for drilling on lake-based targets. With strong visual sulphide mineralisation confirmed at Arrow and encouraging early indications at Beaver, the program is now transitioning to a broader phase of systematic testing.

Geophysical surveys will continue through the summer field season to extend coverage across the ~15 kilometre mineralised corridor, supporting ongoing drilling and advancing the Company’s understanding of what is emerging as a continuous and scalable mineralised system.

Authorised for release by the Board of FIN Resources Limited.

For further information contact:

Bruce McFadzean - [email protected]

Forward looking statements

Statements relating to the estimated or expected future production, operating results, cash flows and costs and financial condition of FIN Resources Limited’s planned work at the Company's projects and the expected results of such work are forward-looking statements. Forwardlooking statements are statements that are not historical facts and are generally, but not always, identified by words such as the following: expects, plans, anticipates, forecasts, believes, intends, estimates, projects, assumes, potential and similar expressions. Forward-looking statements also include reference to events or conditions that will, would, may, could or should occur. Information concerning exploration results and mineral reserve and resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed.

These forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable at the time they are made, are inherently subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from logistical, technical or other factors; the possibility that results of work will not fulfil projections/expectations and realize the perceived potential of the Company's projects; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold reserves and resources; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of environmental issues at the Company's projects; the possibility of cost overruns or unanticipated expenses in work programs; the need to obtain permits and comply with environmental laws and regulations and other government requirements; fluctuations in the price of gold and other risks and uncertainties.

Competent Person’s Statement

The information in this report that relates to Exploration Results is based on information compiled by FIN and reviewed by Mr Gary Powell, who is a Member of the Australian Institute of Geoscientists. Mr Powell is a geological consultant to FIN Resources Limited and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Mr Powell consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

JORC Compliance Statement

The information in this announcement that relates to previously reported Exploration Results is extracted from the Company’s ASX announcement dated 4 February 2025 titled “Cabin Lake Assays Upgraded Through Systematic Core Resampling” and is available on the Company’s website. The Company confirms that it is not aware of any new information or data that materially affects the information included in that announcement and that all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.

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ABOUT FIN RESOURCES LIMITED

FIN Resources Limited owns a 100% interest in the Cabin Lake Gold Project in Canada’s Northwest Territories, a Tier-1 jurisdiction with a proven endowment of over 14 million ounces of historical gold production. The Cabin Lake Gold Project is located within the Archean Slave Craton and hosts gold mineralisation within sulphide-bearing banded iron formation (BIF) of the Bugow Iron Formation, associated with pyrite ± pyrrhotite ± minor arsenopyrite and interpreted to be structurally controlled.

Historical drilling and recent re-sampling by FIN, together with recent drilling at the Arrow Prospect, confirm mineralisation across multiple prospects including Arrow, Beaver and Andrew, supporting the Company’s geological model. Exploration is focused along a continuous ~15 kilometre strike extent of the Bugow Iron Formation, with the current program integrating drilling and geophysics to support interpretation of the mineralised system along strike and at depth.

The Project includes:

  • Near-surface, high-grade gold intercepts defining priority exploration zones, including 31.4 m @ 15.2 g/t Au from 17.5 m (CL-20-08)

  • Proven gold-hosting stratigraphy within the Bugow Iron Formation , analogous to the nearby 3.3 Moz Lupin Gold Mine (>10 g/t Au)

  • Significant exploration upside, with eight high-priority, fully permitted drill targets along a 15 km mineralised corridor

  • Located in a Tier-1 jurisdiction approximately 105 km northwest of Yellowknife

  • Established engagement with the Tłı̨chǫ Government , including access agreements and on-ground support

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Figure 6. Location of Cabin Lake Gold Project in the Northwest Territories.

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APPENDIX A

Cabin Lake Gold Project - 2026 Drillhole Collar Locations

Hole ID East1 **North1 ** Depth2 Azimuth3 Dip 4
CL-26-001
CL-26-002
CL-26-003
CL-26-004
559336
559340
559344
559054
7005365
7005360
7005405
7005768
56
58
68
77
310
251
251
229
-50
-45
-50
-51

N otes:

1. Coordinates are reported to datum NAD83 UTM 11N

2. Depth is reported in metres downhole from surface

3. Azimuth is reported in degrees relative to True North

4. Dip is reported in degrees as inclination from horizontal

5. All collar data is reported using Juniper Geode DGPS, with estimated sub-metre accuracy.

This data will be updated once the collars have been surveyed using RTK GPS and downhole orientation obtained from downhole surveys tools validated.

Table 2 Cabin Lake - Visual Sulphide Estimations – Arrow Prospect – Drillholes CL-26-002 and CL-26-003

Hole ID From To (m)
Pyrite
Pyrite Description Pyrrhotite Pyrrhotite Description Description
(m) % %
CL-26-002
12.66
12.87 Tr Disseminated - - Trace pyrite
12.87 13.78 15–20 Disseminated to blebs/massive ~5–8 Disseminated to massive Strong sulphide development
13.78 18.17 ~5–10 Disseminated to blebs ~2–3 Disseminated Moderate sulphide intensity
18.17 20.32 15–20 Disseminated to locally massive ~5–8 Disseminated to massive Elevated sulphide intensity
20.32 24.19 ~2–3 Disseminated <1 Trace disseminated Lower sulphide intensity
24.19 25.3 ~5 Disseminated to blebby - - Moderate sulphide mineralisation
25.3 58 Tr Fine disseminations - - Trace sulphides; metagreywacke host
CL-26-003
6
33 ~1–3 Disseminated Trace Disseminated Widespread fine disseminated pyrite within BIF
33 46.54 ~1–3 Disseminated Trace Disseminated Continued disseminated sulphide mineralisation
46.54 52 15–20 Veins 15–20 Veins Onset of strong sulphide veining
52 60 15–20 Veins 15–20 Veins Well-developed sulphide vein system
60 69 15–20 Veins 15–20 Veins Continued strong sulphide veining
CL-26-004 (Beaver) Logging ongoing

Cautionary Note: Visual estimates of sulphide mineralisation are based on geological logging and are approximate only. These observations are qualitative in nature and are not a substitute for laboratory assay results. No quantitative estimate of gold grade can be determined from visual observations.

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APPENDIX B

JORC Code, 2012 Edition - Table 1 Report

Exploration Results (Geophysics and Historical Data), Cabin Lake Gold Project

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation Commentary
Sampling Nature and quality of sampling (e.g. cut channels, random chips, Sampling Techniques
techniques or specific specialised industry standard measurement tools
appropriate to the minerals under investigation, such as down hole
gamma sondes, or handheld XRF instruments, etc). These
examples should not be taken as limiting the broad meaning of
No new sampling or assay results are reported in this announcement. The information
presented relates to ongoing geophysical surveys, drilling observations and previously
reported exploration results.
sampling. Historical diamond drilling has been undertaken at the Cabin Lake Gold Project by
Include reference to measures taken to ensure sample
representivity and the appropriate calibration of any measurement
tools or systems used.
multiple operators between 1946 and 2022. Drill core was logged and sampled using
industry standard half-core techniques, with sample intervals typically selected based
on lithology, alteration and sulphide mineralisation. Sample intervals generally ranged
from approximately 0.30 m to 1.50 m and are considered appropriate for this style of
Aspects of the determination of mineralisation that are Material to mineralisation.
the Public Report. FIN Resources Ltd has reviewed and re-logged selected historical drill core and, where
In cases where ‘industry standard’ work has been done this would appropriate, undertaken re-sampling using industry standard half-core and quarter-core
be relatively simple (e.g. ‘reverse circulation drilling was used to techniques. These results have been previously reported (refer ASX announcement
obtain 1 m samples from which 3 kg was pulverised to produce a dated 4 February 2025).
30 g charge for fire assay’). In other cases more explanation may
be required, such as where there is coarse gold that has inherent
sampling problems. Unusual commodities or mineralisation types
(e.g. submarine nodules) may warrant disclosure of detailed
information.
For the current 2026 drilling program (including drillholes CL-26-01 to CL-26-04), HQ drill
core has been orientated, geologically and geotechnically logged, photographed and
documented. Drillhole CL-26-001 has previously been reported (refer ASX
announcement dated 27 March 2026), with sampling completed and submitted for
assay.
At the time of reporting, no samples from drillholes CL-26-002 to CL-26-004 have been
cut or submitted for assay. Sampling of these drillholes will be undertaken following
completion ofgeological loggingand transport of core to Yellowknife forprocessingand

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Criteria JORC Code explanation Commentary
submission for analysis.
Visual identification of sulphide mineralisation (interpreted as predominantly pyrite
with minor pyrrhotite) has been recorded during logging. These observations are
qualitative in nature and are not a substitute for laboratory assay results.
Surface rock sampling undertaken historically by previous operators was selective and
targeted visibly mineralised outcrop.
Drilling Drill type (e.g. core, reverse circulation, open-hole hammer, rotary Drilling Techniques
techniques air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter,
triple or standard tube, depth of diamond tails, face-sampling bit
or other type, whether core is oriented and if so, by what method,
etc).

Historical diamond drilling at the Cabin Lake Gold Project has been undertaken by
multiple operators between 1946 and 2022 using conventional and wireline diamond
drilling methods. Core sizes have typically ranged from BQ to HQ, and drilling was
generally not oriented in earlier programs.
Diamond drilling for the current 2026 program (including drillholes CL-26-01 to CL-26-04)
has been undertaken using a modern diamond drill rig employing industry standard
wireline techniques. Core size is HQ (nominal 63.5 mm diameter), and core orientation is
obtained using a core orientation tool.
Downhole survey data is collected using a north-seeking gyroscopic tool at regular
intervals to provide accurate hole orientation.
Drilling is designed to test the banded iron formation and associated sulphide
mineralisation at varying orientations to improve understanding of structural controls
and to assist in determining true widths of mineralisation. True widths of mineralisation
are not yet known.
Drill sample Method of recording and assessing core and chip sample Drill Sample Recovery
recovery recoveries and results assessed. Historical drilling programs recorded core recovery as part of standard logging practices,
Measures taken to maximise sample recovery and ensure with more detailed recovery and RQD measurements available from the 2020-2022
representative nature of the samples. drilling campaigns. Core recovery from these programs was generally reported as high,
Whether a relationship exists between sample recovery and grade with no material issues identified that would impact data quality.
and whether sample bias may have occurred due to preferential For the current 2026 drilling program (including drillholes CL-26-01 to CL-26-04), core
recoveryis recorded on a run-by-run basis and isgood(typically>95%),with no

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Criteria JORC Code explanation Commentary
loss/gain of fine/coarse material. significant core loss observed.
There is no known relationship between core recovery and mineralisation. Sulphide
mineralisation is observed within competent banded iron formation, and no sampling
bias related to core loss is considered likely.
Logging Whether core and chip samples have been geologically and Logging
geotechnically logged to a level of detail to support appropriate
Mineral Resource estimation, mining studies and metallurgical
studies.
Historical drill core from the Cabin Lake Gold Project has been logged using industry
standard geological logging practices at the time. Logging included lithology, alteration
and mineralisation, and was both qualitative and, where appropriate, semi-quantitative
Whether logging is qualitative or quantitative in nature. Core (or in nature. Core photography was undertaken in later programs (including 2020-2022).
costean, channel, etc) photography. For the current 2026 drilling program (including drillholes CL-26-01 to CL-26-04), all drill
The total length and percentage of the relevant intersections core has been orientated, geologically and geotechnically logged in full. Logging
logged. includes lithology, alteration, structure and sulphide mineralisation, and is both
qualitative and semi-quantitative in nature. Core is photographed as part of standard
logging procedures.
Sub-sampling If core, whether cut or sawn and whether quarter, half or all core Sub-sampling Techniques and Sample Preparation
techniques and
sample
preparation
taken.
If non-core, whether riffled, tube sampled, rotary split, etc and
whether sampled wet or dry.
Historical diamond drill core sampling at the Cabin Lake Gold Project was undertaken
using industry standard methods at the time, with core intervals selected based on
lithology, alteration and sulphide mineralisation. Core was typically cut longitudinally,
For all sample types, the nature, quality and appropriateness of
the sample preparation technique.
with half-core samples collected for analysis. These techniques are considered
appropriate for the style of mineralisation and representative of the material sampled.
Quality control procedures adopted for all sub-sampling stages to
maximise representivity of samples.
FIN Resources Ltd has re-sampled selected historical drill core using industry standard
half-core and quarter-core sampling techniques, with samples submitted to
independent laboratories for analysis (refer ASX announcement dated 4 February 2025).
Measures taken to ensure that the sampling is representative of For the current 2026 drilling program (including drillholes CL-26-01 to CL-26-04), only
the in situ material collected, including for instance results for field
duplicate/second-half sampling.

core from CL-26-01 has been cut, sampled and sent for analysis at the time of reporting.
Sampling is ongoing following completion for each hole of geological and geotechnical
Whether sample sizes are appropriate to the grain size of the logging, with intervals selected based on lithology, alteration and sulphide
material being sampled. mineralisation. Core will be cut longitudinally along the core axis, maintaining the core
orientation marks,usingindustrystandard methods,with half-core samples collected

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Criteria JORC Code explanation Commentary
and submitted for analysis.
Standard QAQC procedures, including the insertion of blanks and standards into the
sampling regime, are being implemented as part of the sampling program, with
duplicate sampling undertaken on selected intervals at a later time.
Visual identification of sulphide mineralisation has been used to guide logging only and
does not represent a quantitative measure of gold grade.
Quality of assay The nature, quality and appropriateness of the assaying and Quality of Assay Data and Laboratory Tests
data and laboratory procedures used and whether the technique is
laboratory tests considered partial or total. No assay results are reported for the current drilling program (including drillholes CL-26-
For geophysical tools, spectrometers, handheld XRF instruments,
etc, the parameters used in determining the analysis including
01 to CL-26-04). Drillhole CL-26-01 has been sampled and submitted for laboratory
analysis, with results pending.
instrument make and model, reading times, calibrations factors
applied and their derivation, etc.
Historical assay data has been generated by multiple operators using industry standard
sample preparation and analytical techniques, including fire assay with AAS or ICP
Nature of quality control procedures adopted (e.g. standards, finishes. More recent programs (2020-2024) utilised accredited laboratories (including
blanks, duplicates, external laboratory checks) and whether ALS and AGAT), with standard QAQC procedures such as the insertion of blanks,
acceptable levels of accuracy (i.e. lack of bias) and precision have standards and duplicates.
been established.
Future sampling by FIN Resources Ltd will be undertaken at accredited laboratories
using industry standard fire assay techniques for gold, with appropriate QAQC protocols
including blanks, standards and duplicates.
Visual identification of sulphide mineralisation does not provide any indication of gold
grade or distribution and is not a substitute for laboratory assay results.
No geophysical data has been used to estimate mineral resources. Historical geophysical
datasets referenced in this announcement have not been independently verified by the
Company and are used for qualitative geological targeting purposes only.
Geophysics and Remote Sensing
The Cabin Lake Gold Project has been subject to multiple historical geophysical surveys,
including ground magnetics,inducedpolarisation(IP),electromagnetic(EM),VLF-EM

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Criteria JORC Code explanation Commentary
and airborne surveys.
Historical IP and magnetic datasets have defined anomalies associated with the Bugow
Iron Formation and areas of interpreted sulphide mineralisation, and form the basis for
current exploration targeting.
The current exploration program includes ground magnetic surveys, surface dipole-
dipole IP surveys and downhole IP surveys. These techniques are used to detect and
map variations in magnetic response and chargeability typically associated with sulphide
mineralisation.
Historical geophysical data referenced in this announcement, including that shown in
Figure 4, is derived from previous operators and has not been independently verified by
the Company. This data is considered appropriate for qualitative geological targeting
purposes only and should not be relied upon for resource estimation.
Geophysical data is used to support geological interpretation and drill targeting and has
not been used to estimate mineral resources.
Verification of The verification of significant intersections by either independent Verification of Sampling and Assaying
sampling and
assaying
or alternative company personnel.
The use of twinned holes.
No assay data is reported for the current drilling program (including drillholes CL-26-01
to CL-26-04), and therefore no verification of assay data has been undertaken at this
Documentation of primary data, data entry procedures, data stage.
verification, data storage (physical and electronic) protocols. Geological and geotechnical logging of drill core, including visual identification of
Discuss any adjustment to assay data. sulphide mineralisation, has been completed by qualified and suitably experienced
geologists and is subject to standard internal review procedures.
All primary geological data from the current program is recorded digitally and stored in
the Company’s database.
Location of data Accuracy and quality of surveys used to locate drill holes (collar Location of Data Points
points and down-hole surveys), trenches, mine workings and other
locations used in Mineral Resource estimation.
Historical drillhole collar locations at the Cabin Lake Gold Project have been recorded
using a combination of local grid systems and, in more recent programs, NAD83 UTM
Specification of the grid system used. Zone 11N coordinates. Where required, historical coordinates have been converted to a

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Criteria JORC Code explanation Commentary
Quality and adequacy of topographic control. common NAD83 UTM Zone 11N grid and incorporated into the Company’s database.
Collar locations from more recent drilling programs (2020-2024) were surveyed using
GPS methods with sub-metre to metre-level accuracy. Topographic control across the
project is supported by high-resolution digital elevation data derived from LiDAR
surveys.
For the current 2026 drilling program (including drillholes CL-26-01 to CL-26-04), collar
locations have been recorded using handheld GPS (typically metre-level accuracy) and
Juniper Geode DGPS (typically sub-metre accuracy) and will be surveyed using RTK GPS
following completion of drilling to improve positional accuracy.
Historical downhole surveys were undertaken using a range of methods, including multi-
shot instruments, with variable reliability in azimuth due to magnetic interference
associated with magnetite and sulphide mineralisation.
Downhole surveys for the current program are being conducted using north-seeking
gyroscopic tools at regular intervals, providing accurate orientation data independent of
magnetic interference.
Data spacing and
Data spacing for reporting of Exploration Results.
Data Spacing and Distribution
distribution Whether the data spacing and distribution is sufficient to establish Data spacing across the Cabin Lake Gold Project is variable, ranging from approximately
the degree of geological and grade continuity appropriate for the 15 m in areas of known mineralisation (e.g. Arrow) to broader spacing of up to 200 m
Mineral Resource and Ore Reserve estimation procedure(s) and between prospect areas.
classifications applied. Historical drilling, including the 2022 program at the Arrow Zone, was designed for
Whether sample compositing has been applied. early-stage exploration rather than systematic grid-based resource definition.
The current drilling program (including drillholes CL-26-01 to CL-26-04) is also early-
stage in nature and is not designed to establish geological or grade continuity for the
purposes of Mineral Resources Estimation. Accordingly, data spacing and distribution
are not sufficient to support Mineral Resource or Ore Reserve estimation.
No assay results are reported for the current drilling program, and therefore no sample
compositing or data aggregation has been applied.

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Criteria JORC Code explanation Commentary
Orientation of Whether the orientation of sampling achieves unbiased sampling Orientation of Data in Relation to Geological Structure
data in relation of possible structures and the extent to which this is known,
to geological considering the deposit type. The Bugow Iron Formation is folded, with mineralisation occurring within sulphide-rich
structure If the relationship between the drilling orientation and the zones hosted in steeply dipping banded iron formation.
orientation of key mineralised structures is considered to have
introduced a sampling bias, this should be assessed and reported if
material.

Drilling has been oriented to intersect the interpreted mineralised structures as close to
perpendicular as practicable. For the current 2026 drilling program (including drillholes
CL-26-01 to CL-26-04), holes are designed at varying orientations to obtain structural
data, including lithological contact, bedding, and faults, and therefore improve
understanding and interpretation of structural controls.
Due to the early-stage nature of the program and limited drilling completed to date, the
true orientation and geometry of mineralisation are not yet fully constrained. All
observations are based on downhole logging, and true widths of mineralisation are not
yet known.
Sample security The measures taken to ensure sample security. Sample Security
Historical sample custody was managed by previous operators using standard industry
practices at the time, including secure handling and transport to accredited
laboratories.
For more recent programs (2020-2022), samples were bagged, sealed and transported
under supervision, with chain-of-custody procedures maintained through to laboratory
submission.
For the current 2026 drilling program (including drillholes CL-26-01 to CL-26-04), only
drill core from CL-26-01 has been sampled and submitted for laboratory analysis at the
time of reporting. These samples have only just been prepped by the laboratory and no
results have yet been received.
Drill core is being securely stored and handled under the supervision of the Company’s
geological consultants, including secure bagging, sealing and supervised transport to an
accredited laboratoryfor samplepreparation and analysis.
Audits or reviews The results of any audits or reviews of sampling techniques and Audits or Reviews

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Criteria JORC Code explanation Commentary
data. FIN has reviewed available historical exploration datasets, including drilling and
sampling data from previous operators. Data from more recent programs (2020-2024) is
considered to have been collected using industry standard sampling and QAQC
procedures.
No independent audit or review has been undertaken for the current 2026 drilling
program (including drillholes CL-26-01 to CL-26-04) at the time of reporting.
The current program is being conducted under the supervision of experienced
geological consultants, with data collection and logging procedures consistent with
industry standard practices.

Section 2 Reporting of Exploration Results

(Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation JORC Code explanation Commentary
Mineral Type, reference name/number, location and ownership including Mineral Tenement and Land Tenure Status
tenement and
land tenure
status
agreements or material issues with third parties such as joint
ventures, partnerships, overriding royalties, native title interests,
historical sites, wilderness or national park and environmental
settings.
The Cabin Lake Gold Project comprises one active mineral claim (CL-1, M10076) covering
approximately 400 hectares within Tłıchǫ settlement lands, located approximately 105 km
northwest of Yellowknife, Northwest Territories, Canada.
The security of the tenure held at the time of reporting along
with any known impediments to obtaining a licence to operate in
the area.
A 2.0% royalty is payable to Silver Range Resources Ltd on precious metal production from
the property, with provisions to purchase a portion of the royalty subject to certain
milestone payments.
Access to the project is via helicopter, float or ski-equipped aircraft, or seasonal winter
road. An active Winter Access Road Agreement with the Tłıchǫ Government provides
ground access to the project area.
The tenure is in good standing, with no known impediments to exploration activities or the
granting of a licence to operate.

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Criteria JORC Code explanation Commentary
Exploration done Acknowledgment and appraisal of exploration by other parties. Exploration Done by Other Parties
by other parties Historical exploration at the Cabin Lake Gold Project has included geological mapping,
geophysical surveys, trenching and more than 14,000 metres of diamond drilling since the
discovery of mineralisation in 1938.
Previous work has been undertaken by several operators, including Andrew Yellowknife
Mines (1946-1947), Cominco (1985), Freeport McMoRan (1986-1987), Aber Resources
(1987-1990) and Rover Metals Corp (2018-2025), and has contributed to the current
understanding of the geology and mineralisation at the project.
Geology Deposit type, geological setting and style of mineralisation. Geology
Gold mineralisation at the Cabin Lake Gold Project is interpreted to be hosted within
sulphide-rich zones in the Bugow Iron Formation of the Archaean Yellowknife Supergroup.
Mineralisation is structurally controlled and associated with pyrite and pyrrhotite, with
minor arsenopyrite.
Drill hole A summary of all information material to the understanding of Drill Hole Information
Information the exploration results including a tabulation of the following
information for all Material drill holes:
Drillhole collar details for the current drilling program (including drillholes CL-26-01 to CL-
26-04) are provided in the body of this announcement.
o easting and northing of the drill hole collar No assay results or mineralised intercepts are reported for drillholes CL-26-01 to CL-26-04,
o elevation or RL (Reduced Level - elevation above sea level in as sampling and laboratory analysis are pending.
metres) of the drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
If the exclusion of this information is justified on the basis that
the information is not Material and this exclusion does not
detract from the understanding of the report, the Competent
Person should clearly explain why this is the case.
Data aggregation
In reporting Exploration Results, weighting averaging techniques,

Data Aggregation Methods
methods maximum and/or minimum grade truncations (e.g. cutting of No assayresults are reported for the current drilling program,and therefore no data

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Criteria JORC Code explanation Commentary
high grades) and cut-off grades are usually Material and should aggregation or compositing has been applied.
be stated.
Where aggregate intercepts incorporate short lengths of high-
grade results and longer lengths of low-grade results, the
procedure used for such aggregation should be stated and some
typical examples of such aggregations should be shown in detail.
The assumptions used for any reporting of metal equivalent
values should be clearly stated.
Relationship These relationships are particularly important in the reporting of Relationship Between Mineralisation Widths and Intercept Lengths
between
mineralisation
widths and
Exploration Results.
If the geometry of the mineralisation with respect to the drill hole

Mineralised zones are interpreted to be steeply dipping; however, drilling to date is not
sufficiently dense or appropriately oriented to establish true widths.
intercept lengths angle is known, its nature should be reported. No assay intervals are reported for the current drilling program (including drillholes CL-26-
If it is not known and only the down hole lengths are reported, 01 to CL-26-04).
there should be a clear statement to this effect (e.g. ‘down hole
length, true width not known’).
True widths of mineralisation will be determined through future drilling, and the use of
oriented core.
Diagrams Appropriate maps and sections (with scales) and tabulations of Diagrams
intercepts should be included for any significant discovery being
reported These should include, but not be limited to a plan view
of drill hole collar locations and appropriate sectional views.
Relevant maps and figures illustrating geophysical survey coverage, drillhole collar
locations and geological context are included in the body of this announcement. All figures
include appropriate scales and coordinate references.
Balanced Where comprehensive reporting of all Exploration Results is not Balanced Reporting
reporting practicable, representative reporting of both low and high grades
and/or widths should be practiced to avoid misleading reporting
of Exploration Results.

No assay results or mineralised intercepts are reported for the current drilling program
(including drillholes CL-26-01 to CL-26-04).
All material geological results have been previously reported by the Company and are
available in prior ASX announcements.
Other substantive
Other exploration data, if meaningful and material, should be
The project area has been covered by airborne magnetics, ground magnetics and induced
exploration data reported including (but not limited to): geological observations; polarisation surveys that assist to define exploration targets associated with the Bugow
geophysical survey results; geochemical survey results; bulk Iron Formation.
samples - size and method of treatment; metallurgical test The current drilling program(includingdrillholes CL-26-01 to CL-26-04)has visually

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Criteria JORC Code explanation Commentary
results; bulk density, groundwater, geotechnical and rock identified sulphide mineralisation within the banded iron formation, consistent with the
characteristics; potential deleterious or contaminating Company’s geological model.
substances. No quantitative geophysical results or assay data are reported in this announcement.
No metallurgical test work has been undertaken to date.
Further work The nature and scale of planned further work (e.g. tests for Further work will include continued diamond drilling to test extensions of mineralisation
lateral extensions or depth extensions or large-scale step-out along strike and at depth, together with ongoing ground magnetic, surface IP and
drilling). downhole IP surveys to support ongoing drilling and geological interpretation.
Diagrams clearly highlighting the areas of possible extensions, Geophysical surveys will continue through the summer field season to extend coverage
including the main geological interpretations and future drilling across the broader mineralised corridor.
areas, provided this information is not commercially sensitive.

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