Fokus Mining Corporation (TSX-V: FKM) (OTCQB: FKMCF) (FSE: F7E1) is pleased to announce an update of its 2024–2025 exploration program on the Galloway Property, located in Abitibi, Quebec, along the Cadillac-Larder Lake Fault, between the Rouyn-Noranda and Kerr-Addison mining camps. This update highlights the Company’s recent drilling results, planned drilling campaign and upcoming geophysical survey. The Company has also strengthened its financial position to assist in advancing exploration efforts.

Recent Drilling Highlights

The Company is reporting results from hole GA-24-89 on the Galloway Project, which intercepts both the GP (Galloway-Pitchevin) and Hendrick deposits, with the following highlights.

Philippe MacKay, President and CEO of Fokus Mining commented: “Hole GA-2024-89 expands the mineralized footprint throughout the length of the hole (1,107m), highlighting a series of long and broad intercepts. The discovery of low-grade mineralization between GP and Hendrick in a previously undrilled area supports a connection between these deposits. The results also confirm the continuity of higher-grade mineralization at GP while revealing shallower, broader zones that could be suitable for open-pit, bulk-tonnage mining, as well as higher-grade underground opportunities. Deeper exploration at Hendrick has provided valuable geological insights that will help guide the TITAN geophysical program, particularly in understanding copper distribution at depth, and will play a role in refining our exploration strategy”

• 1.09 g/t Au over 22m including:
  • 5.69 g/t Au over 3m
• 1.16 g/t Au over 45m including:
  • 3.05 g/t Au over 1.5m
  • 1.23 g/t Au over 1.5m
  • 4.61 g/t Au over 6m
• 0.92 g/t AuEq (0.66 g/t Au and 0.20% Cu) over 81.2m including:
  • 1.53 g/t AuEq (1.31 g/t Au and 0.17% Cu) over 7.5m
  • 1.56 g/t AuEq (1.23 g/t Au and 0.25% Cu) over 1.5m
  • 1.61 g/t AuEq (1.34 g/t Au and 0.21% Cu) over 3m
  • 1.61 g/t AuEq (1.2 g/t Au and 0.31% Cu) over 1.5m
• 0.91 g/t AuEq (0.66 g/t Au and 0.20% Cu) over 72m including:
  • 1.81 g/t AuEq (1.17 g/t Au and 0.49% Cu) over 1m
  • 2.12 g/t AuEq (1.47 g/t Au and 0.50% Cu) over 1.5m
  • 2.21 g/t AuEq (1.80 g/t Au and 0.31% Cu) over 2.4m
  • 6.78g/t AuEq (6.72 g/t Au and 0.05% Cu) over 1.5m
  • 1.92g/t AuEq (1.46 g/t Au and 0.36% Cu) over 3m

Drilling Results

Assay results for holes GA-24-90 and GA-24-91, which targeted the RB (Renault Bay) deposit, are currently pending.

Planned Drilling Campaign

The planned drilling campaign will include up to 5,000 meters and will be executed in two phases. The first phase will target key areas, including the Hendricks deposit, where high-grade targets have been identified from previous drilling and the GP-RB extension along the northeast (N-E) trend, with the objective of increasing the potential mineral resource. Drilling has resumed this week, marking the start of the first phase of the program. The second phase will follow post-geophysical surveys, aiming at newly defined targets from the TITAN survey.

Upcoming Geophysics Program

A deep-penetrating TITAN DCIP (Direct Current Induced Polarization) survey is planned for early February. The survey, developed by Quantec, aims to provide detailed subsurface information to depths exceeding 750 meters. Survey goals include identifying deeper mineralized structures and extensions to known mineralization along strike and at depth, The TITAN Survey is ideally suited for the style of mineralization encountered at Galloway.

Financial Update

During the fourth quarter of 2024, Fokus secured more than CA$1.15M through the exercise of warrants and options, bringing its cash position to near CA$2.1M as of January 30, 2025. This additional capital will be directed toward the Company’s planned drilling campaign and geophysical survey.

Qualified Person

The scientific and technical disclosure for Fokus included in this press release has been reviewed and approved by Nathalie Landry, P. Geo. (permit number 00796). Ms. Landry is a geologist and a qualified person under National Instrument 43-101 Standards of Disclosure of Mineral Projects. She is an independent consultant for the company, working for Technominex. Ms. Landry consents to the publication of this press release dated January 30, 2025, and certifies that it fairly and accurately represents the scientific and technical information that forms its basis.

QA/QC Protocols and Sampling Procedures

The design of the Galloway project drilling programs Quality Assurance/Quality Control and interpretation of results is under the control of Fokus geological staff including qualified person employing a strict QA/QC program consistent with NI 43-101 and industry best practices. The Galloway project is supervised by Nathalie Landry, P. Geo.

Drill core is logged and split with half-core samples packaged and delivered to Lab Expert. Samples are dried and subsequently crushed to 75% passing a 2 mm mesh screen. A 250 g subsample is pulverized to a nominal 85% passing 75 microns mesh screen. The remaining crushed sample (reject) and pulverized sample (pulp) are retained for further analysis and quality control. All samples are analysed by Fire Assay with an Atomic Absorption (AA) finish using a 30 g aliquot of pulverized material. Assays exceeding 10 g/t Au are re‐assayed by Fire Assay with a Gravimetric Finish. Fokus inserts independent control reference samples and blank samples regularly in the sample stream to monitor assay performance. Fokus internal control samples represents approximately 10% of the total samples sent for assays. Fokus is planning to perform duplicate sampling at a certified secondary control laboratory.

T

his press release was compiled and approved by Nathalie Landry, P. Geo. and Qualified Person under National Instrument 43-101.

About Fokus

Fokus Mining Corporation is a mineral resource company focused on acquiring and exploring precious metal deposits in Quebec, Canada, particularly in the Abitibi region, 20 km West of Rouyn-Noranda, with its Galloway Project.

The 100% owned Galloway Project covers an area of 2,925.91 hectares and is located just North of the Cadillac-Larder Lake Fault, which extends for more than 100 km. Numerous gold deposits are associated with the structure and its subsidiaries. The recent work focused on the Western mining claims of the Galloway Property has allowed the Company to delineate a NI 43-101 inferred mineral resource of 1.42 million ounces of gold (41,195,000t at 1.07 g/t Au) at a price of US$1,750 per ounce. This was published in the press release dated March 23, 2023, which includes a sensitivity table showing that, at a price of US$1,960 per ounce, the inferred mineral resource increases to 1.79 million ounces of gold (57,546,000t at 0.97 g/t Au).

Figure 1: Galloway trend drilling update (CNW Group/Fokus Mining Corporation)

Figure 2 : Galloway trend long section with drill holes highlighted (A-A’) (CNW Group/Fokus Mining Corporation)