Kinross (Great Bear) to Commence Extensive Core Drilling Program on BTU Dixie Halo Project

VANCOUVER, BC / ACCESS Newswire / February 27, 2025 / BTU METALS CORP. ("BTU" or the "Company") (TSXV:BTU)(OTCQB:BTUMF) announces updates on the recent exploration work completed by Kinross Gold Corporation (K-TSX) on the Company's Dixie Halo ("DH") project adjacent to the Great Bear gold project and also provides information on Kinross' plans for a spring core drilling program at DH. Kinross holds its interests in the area in a wholly owned subsidiary Great Bear Resources Ltd. ("GBR"). The Company's DH project, which is under option to Kinross, is an extensive, strategic land position adjacent to the Great Bear gold deposits in the Red Lake Gold camp area in northwestern Ontario, Canada.

In a February 12, 2025, news release Kinross announced, in regard to its exploration efforts on its Great Bear project, that it "has shifted from deep underground resource drilling to regional exploration work with a goal of identifying new open pit and underground deposits". Kinross has indicated to the Company that it has received an exploration permit for the DH option property and has plans to commence a drilling program of approximately 8,000 metres of core drilling on the DH property. Drilling is expected to commence in May.

The Dixie Halo Project is located adjacent to the Great Bear project where Kinross continues exploration and development of the Great Bear gold deposits. GBR has continued to expand the envelope of the known gold mineralization on the LP Zone to as deep as 1,600 metres and along strike as well and they now plan to explore outside the main area of known mineralization.

Exploration Summary of Kinross work for 2024 and Exploration Plan for 2025

GBR continued work under the option agreement on the DH project through 2024 and that work included a program of re-logging and sampling of nearly all the BTU drill core using its ever-expanding experience and geological knowledge which it has gathered over years of work in relation to the GBR gold mineralization. GBR used the same geochemical sampling protocols used on the Great Bear project to provide a comprehensive and complete understanding of the geology and alteration on the DH project and to provide an expanded basis for the correlation of geological units and alteration throughout the area.