Sasquatch Resources Reports Progress on Mount Sicker Permitting and Early Positive Exploration Results at Alberni Claims

Mount Sicker Permitting Advancements and Ministry Collaboration

Mount Sicker, Sasquatch’s most advanced project, serves as a key test for the company’s strategy to rehabilitate waste rock and reclaim legacy mine sites. Owned since 2022, the site experienced significant historical mining primarily between 1895 and 1915. Sasquatch has undertaken extensive assessments of waste rock volumes and grades for gold, silver, copper, and zinc, including ore-sorting and recovery trials over recent years.

The company has entered the permitting phase by submitting a Notice of Work application to the BC Ministry of Mining and Critical Minerals. Following receipt of technical comments, Sasquatch has responded to many inquiries, with outstanding questions focusing on a detailed reclamation and mine closure report being developed by Okane Consultants. A general report was completed in summer 2025, and the new detailed document aims to comprehensively address site hazards. Progress to date includes an engineering study outlining the proposed crushing and sorting process, advancement of community engagement, and preliminary discussions with potential offtake partners confirming demand for the sulphide concentrate produced by rehabilitation.

Engineering and Environmental Strategy at Mount Sicker

The permitting approach centers on mitigating environmental and safety risks, primarily large volumes of potentially acid-generating waste rock and unmarked open mine shafts posing hazards to the public and environment.

Sasquatch proposes crushing and ore-sorting high-sulphide waste rock to recover valuable minerals while neutralizing acid generation potential. This solution benefits British Columbia and local communities by addressing environmental issues and remediating the site. The company anticipates finalizing offtake agreements as permitting advances, with initial buyer interest already expressed for the sulphide concentrate product.

Golden Eagle Logging Road Mineralization and Sampling Highlights

The Alberni Claims, acquired in February 2026 and covering approximately 2,520 hectares plus 201 hectares under application, include the Golden Eagle area where logging roads traverse sulphide-bearing material. Two mineralized road sections, each about 180 metres long, were identified, similar to Sasquatch’s Copper Road property near Mount Sicker, where recoverable minerals and environmental contaminants in road material are being assessed.

Sampling at Golden Eagle involved 10 grid samples from a mineralized road section and two bedrock samples from adjacent mineralization. The 10 road samples averaged 1.62% copper, with a high of 4.3%, a low of 0.01%, and most samples (7 of 10) between 0.5% and 2.5%. Bedrock samples returned 0.57% and 4.49% copper. Only about 20 metres of the 180-metre mineralized road section was sampled, leaving much material unsampled, and at least one other similar showing exists. Further exploration is planned this summer to assess grades and volumes in road and surface mineralization.

Star of the West Waste Rock and Historical Mining Indicators

Star of the West contains waste rock piles and historical mineralization within the Alberni Claims. Three waste piles have been identified, with potential for more. Sasquatch applies its Mount Sicker evaluation method—assessing waste rock volumes and grades to determine economic viability for crushing and ore-sorting that addresses environmental concerns and produces saleable material.

Sampling of 11 samples from two waste piles and surface mineralization showed notable results, including one waste pile sample with 7.7 g/t gold and 2.03% copper. Other samples ranged up to 12.05% copper and 1.99 g/t gold. Samples 6 through 11 justify further investigation, prompting plans to explore known and potential waste piles and conduct additional testing where mineralization trends warrant.

Golden Dome Hydrothermal System Mapping and Sampling

The Golden Dome area features a potentially large hydrothermal magmatic system exposed by recent logging. It measures approximately 3 km in length, 500 m in width, with a 350 m elevation change. Sasquatch collected 53 bedrock samples at roughly 50-metre intervals over 2,500 metres and 50 grid samples from a 200-metre logging road crossing the mineralized zone.

Average assay results for the 53 bedrock samples were: silver 7.92 g/t, molybdenum 60.95 g/t, copper 3,858 ppm (0.39%), and gold 0.18 g/t. The 50 road waste samples averaged silver 4.62 g/t, molybdenum 42.06 g/t, copper 1.53%, and gold 1.77 g/t. These encouraging grades across significant distances are notable given the early evaluation stage. Some higher road waste results likely raised averages due to abundant sulphide veins, with road waste representing a larger continuous area capturing more variability than spaced bedrock samples.

Golden Dome Future Exploration and Partnership Plans

Sasquatch intends to expand surface testing over larger areas at Golden Dome and evaluate additional mineralized logging road sections during the summer. The company will seek technical guidance on optimal methods to confirm the system’s size and scope, including potential geophysical surveys and drilling.

The company may pursue partnerships or option agreements with experienced exploration firms to advance Golden Dome when drilling is appropriate. This aligns with Sasquatch’s strategy to acquire promising projects and collaborate with partners for capital-intensive development, maintaining exposure to upside while leveraging external expertise and funding.

Sasquatch’s Dual Strategy: Waste Rock Rehabilitation and Hard-Rock Exploration

Sasquatch operates under a dual mandate: primarily identifying and permitting legacy mine sites and mineralized waste rock processing opportunities where historical activities left accessible economic minerals alongside environmental contaminants; secondarily evaluating hard-rock mining potential at these properties. The company plans to focus most resources on rehabilitation efforts.

The project pipeline includes Mount Sicker (flagship), Copper Road, Blue Grouse, Santana, Slesse, and the Alberni Claims. CEO Peter Smith emphasized the goal of supplying critical minerals without building permanent mining infrastructure while addressing environmental and safety hazards from past mining. For prospects with strong discovery potential, such as Golden Dome, Sasquatch plans to seek joint ventures or option partners with proven development capabilities.

Regulatory Compliance and Qualified Person Review

The technical information disclosed has been reviewed and approved by Darcy Vis, B.Sc., P.Geo., a "Qualified Person" under National Instrument 43-101 and independent of the company. Mr. Vis verified all supporting data without restrictions, ensuring the technical statements meet Canadian securities standards.

Property Portfolio and Geographic Spread

Sasquatch’s portfolio spans several British Columbia regions, offering geographic diversification and multiple strategic entry points. Mount Sicker, the most advanced project, is on southern Vancouver Island. Blue Grouse lies about 30 km from Mount Sicker near Lake Cowichan. Santana, site of the former Santana mine, is on Quadra Island. The Alberni Claims cover approximately 2,520 hectares plus 201 hectares under application, located roughly 90 km from Mount Sicker. The Slesse property is near Chilliwack.

This distribution provides operational flexibility, enabling coordinated activities near Mount Sicker and exposure to different geological settings at more distant properties like Slesse, which may offer option or partnership opportunities.

Offtake Interest and Market Outlook for Sulphide Concentrate

The announcement highlights preliminary market validation: discussions with potential offtake partners have confirmed demand for sulphide concentrate produced by Mount Sicker’s rehabilitation process. This suggests metallurgical customers or concentrate traders are open to purchasing material from the company’s crushing and ore-sorting operations. Sasquatch plans to finalize offtake agreements as permitting advances, indicating commercial interest exists though formal contracts await regulatory approval.

This early demand confirmation is significant for investors evaluating Sasquatch’s commercial model, demonstrating a developing market outlet prior to permitting completion. However, details on volume commitments, pricing, or contract terms remain undisclosed.