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First Phosphate Announces Advanced Metallurgical Testing, Surface Stripping and Channel Sampling


Saguenay, Quebec – Newsfile Corp. – June 25, 2025 – First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”) is pleased to announce that a 5,000-kilogram bulk sample has been drilled and collected at its Bégin-Lamarche phosphate project, located in the Saguenay-Lac-Saint-Jean region of Quebec, Canada.

The purpose of the bulk sample is to conduct advanced metallurgical testing to refine the process for recovery of apatite (phosphate), magnetite (iron), and ilmenite (titanium).

This work follows the successful preliminary metallurgical testing conducted in June 2023, which confirmed the positive recovery of the targeted minerals. These tests demonstrated the technical feasibility of processing the ore at small scale and have provided the foundation to proceed to this next semi-industrial stage. Details on the earlier small-scale pilot plant are available at: https://firstphosphate.com/pilotplant.

The Company now intends to scale its pilot process to validate flowsheet performance in a semi-industrial setting, to optimize process parameters, and to generate technical data to support future economic and feasibility studies.

2,000 kilograms of the current sample were sourced from the Company’s Begin-Lamarche project’s Northern Zone, 2,000 kilograms from its Mountain Zone and 1,000 kilograms from its Southern Zone. The Preliminary Economic Assessment (“PEA”) for the Bégin-Lamarche property indicates that phosphate mining operations will begin in the higher-grade Northern and Mountain Zones for the first 10 years of production.

“The success of the 2023 pilot tests confirmed the potential of our project to efficiently produce critical minerals essential to the energy transition. Advancing to semi-industrial scale is a key step toward developing a robust industrial process,” said John Passalacqua, CEO of First Phosphate.

The metallurgical testing is being conducted under the supervision of SGS Canada Inc., at their facility in Québec City, Canada in compliance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. An updated technical report will be issued following the completion of the pilot plant trials.

Surface Stripping and Channel Sampling

First Phosphate also carried out two surface stripping on the Northern and Southern Zones. The objective was to gain a better understanding of the geology and location of the mineralized zones, as well as to validate the interpretations from prior drill campaigns. Mapping and channel sampling was completed on the exposed surfaces. Stripping in the Northern Zone revealed oxide-apatite-bearing ultramafic rock containing an average of 20% apatite (phosphate mineral), and up to 45% apatite locally. Stripping in the Southern Zone revealed a troctolite assemblage containing 10-15% apatite and oxide-apatite-bearing ultramafic rock containing 25% apatite. Surface observations have confirmed the geological model interpreted from the earlier drilling campaigns.

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https://www.youtube.com/watch?v=KEiAuixTc6w

First Phosphate will be carrying out a series of site visits this year to the Bégin-Lamarche project site for interested investors and partners. Parties interested in participating, please reach out to us via our website.

Qualified Person

The scientific and technical disclosure for First Phosphate included in this news release has been reviewed and approved by Gilles Laverdière, P.Geo. Mr. Laverdière is Chief Geologist of First Phosphate and a Qualified Person under National Instrument 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101”).

Investor Outreach Engagement

The Company has engaged Connect 4 Marketing Ltd. (“Connect4”) to provide digital marketing and communications services to the Company. The services will include continuing social media consultation regarding engagement and enhancement, social sentiment reporting, social engagement reporting and corporate video dissemination. The term of the agreement with Connect4 is for a period of 6 month period beginning July 1, 2025. Connect4 is based in Brossard, Quebec, Canada and can be reached at (514) 970-1316. The cash compensation for the engagement is $12,330.00.

About First Phosphate Corp.

First Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) is a mineral development company dedicated to producing high-purity phosphate for the LFP battery industry. The Company’s vertically integrated approach connects sustainable phosphate mining in Quebec with North American battery supply chains, targeting the energy storage, data center, robotics, mobility, and defense sectors. First Phosphate’s flagship Bégin-Lamarche Property in Saguenay-Lac-Saint-Jean is one of North America’s rare igneous phosphate resources, yielding high-purity phosphate with minimal impurities.

For additional information, please contact:
Bennett Kurtz
Chief Financial Officer
bennett@firstphosphate.com
Tel: +1 (416) 200-0657

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:
X: https://x.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate

-30-

Forward-Looking Information and Cautionary Statements

This news release contains certain statements and information that may be considered “forward-looking statements” and “forward looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward looking statements, including, among other things: the Company’s planned exploration and production activities; the properties and composition of any extracted phosphate; the Company’s plans for vertical integration into North American battery supply chains; the Company’s ability to refine the process for recovery of apatite (phosphate), magnetite (iron), and ilmenite (titanium); the Company’s intentions to scale its pilot process and to validate flowsheet performance in a semi-industrial setting, to optimize process parameters, and to generate technical data to support future economic and feasibility studies; and the Company’s proposed development of a robust industrial process.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth herein and in the Company’s public disclosure record including the short form base prospectus dated June 5, 2024, as well as: there being no significant disruptions affecting the activities of the Company or inability to access required project inputs; permitting and development of the projects being consistent with the Company’s expectations; the accuracy of the current mineral resource estimates for the Company and results of metallurgical testing; certain price assumptions for P2O5 and Fe2O3; inflation and prices for Company project inputs being approximately consistent with anticipated levels; the Company’s relationship with First Nations and other Indigenous parties remaining consistent with the Company’s expectations; the Company’s relationship with other third party partners and suppliers remaining consistent with the Company’s expectations; and government relations and actions being consistent with Company expectations.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian and United States securities authorities, including without limitation the “Risk Factors” section of the Company’s Management Discussion and Analysis dated January 29, 2025 and Annual Report on 20-F dated July 8, 2024, which are available on SEDAR at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

The issuer is solely responsible for the content of this announcement.

About First Phosphate Corp.

Intrepid Metals Uncovers 204.25m of 0.32% Copper Equivalent from Surface in New Northernmost Hole to Date at the Copper-Rich Ringo Zone of Corral Copper in Arizona

181.90m of 0.27% Cu, 0.12 gpt Au and 3.23 gpt Ag (0.41% CuEq1) from 45.50m to 227.30m in Hole CC25_028 including

  • 137.05m of 0.32% Cu, 0.13 gpt Au and 3.72 gpt Ag (0.48% CuEq1) and
  • 7.90m of 1.52% Cu, 0.59 gpt Au and 7.09 gpt Ag (2.10% CuEq1) and
  • 17.60m of 1.11% Cu, 0.35 gpt Au and 13.41 gpt Ag (1.48%CuEq1).

204.25m of 0.22% Cu, 0.08 gpt Au and 1.93 gpt Ag (0.32% CuEq1) from 0.00m to 204.25m in Hole CC25_027 including

  • 90.50m of 0.38% Cu, 0.12 gpt Au and 3.36 gpt Ag (0.54% CuEq1) and
  • 26.30m of 0.98% Cu, 0.17 gpt Au and 6.92 gpt Ag (1.17%CuEq1).

Vancouver, British Columbia–(Newsfile Corp. – June 25, 2025) – Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) (“Intrepid” or the “Company”) is pleased to announce assay results from two additional diamond drill holes as part of the ongoing 2025 drill program at the Company’s Corral Copper Property (“Corral” or the “Property“) in Cochise County, Arizona. To date, Intrepid has completed nine drill holes (2343.60 meters) across the Ringo, Earp and Holliday zones, with a tenth hole currently underway at the Earp Zone. These latest results continue to build on the encouraging mineralization identified in earlier drilling and further validate the potential of Corral as an emerging copper asset in a highly prospective district.

Highlights from Hole CC25_027 and CC25_028:

CC25_027
204.25 meters (“m”) of 0.22% Copper (“Cu”), 0.08 grams per ton (“gpt”) Gold (“Au”) and 1.93 gpt Silver (“Ag”) (0.32% Copper Equivalent (“CuEq”)1) including,

  • 7.10m of 0.50% Cu, 0.19 gpt Au and 1.56 gpt Ag (0.65% CuEq1) and
  • 90.50m of 0.38% Cu, 0.12 gpt Au and 3.36 gpt Ag (0.54% CuEq1) and
  • 26.30m of 0.98% Cu, 0.17 gpt Au and 6.92 gpt Ag (1.17%CuEq1)

CC25_028
181.80 meters (“m”) of 0.27% Copper (“Cu”), 0.12 grams per ton (“gpt”) Gold (“Au”) and 3.23 gpt Silver (“Ag”) (0.0.41% Copper Equivalent (“CuEq”)1) including,

  • 137.05m of 0.32% Cu, 0.13 gpt Au and 3.72 gpt Ag (0.48% CuEq1) and
  • 7.90m of 1.52% Cu, 0.59 gpt Au and 7.09 gpt Ag (2.10% CuEq1) and
  • 8.75m of 1.41% Cu, 0.54 gpt Au and 20.25 gpt Ag (1.98%CuEq1)
  • 17.60m of 1.11% Cu, 0.35 gpt Au and 13.41 gpt Ag (1.48%CuEq1)
  • 4.50m of 0.43% Cu, 0.21 gpt Au and 1.98 gpt Ag (0.60%CuEq1)

“The 2025 drill program is progressing smoothly and it continues to yield robust copper and gold results from the Ringo Zone. We’re particularly encouraged by the success of our recently expanded drilling to the north, which is beginning to demonstrate the potential for further mineralized extensions,” said Ken Engquist, CEO of Intrepid. “In addition to containing a significant volume of continuous and locally high-grade copper and gold mineralization, the Ringo Zone displays alteration and mineralization textures consistent with a transition to related copper-gold porphyry style mineralization. This confirms the projects unique upside exploration potential for shallow bulk minable porphyry mineralization. Furthermore, Ringo is only one of several newly identified porphyry centers on the project and a key component in the project’s rapidly advancing porphyry copper exploration campaign.”

Figure 1: Drill plan map from the Ringo Zone at the Corral Copper Project2

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6187/256720_3177a398b448697e_001full.jpg

Table 1: Drill Intercepts for the Ringo Zone1

DRILL HOLE DETAILS ANALYZED GRADE DILUTED METAL EQUIVALENT
HOLE FROM TO LENGTH COPPER GOLD SILVER ZINC CUEQ AUEQ
ID (m) (m) (m) (%) (ppm) (ppm) (%) (%) (g/t)
RINGO ZONE
CC25_027 0.00 204.25 204.25 0.22 0.08 1.93 0.07 0.26 0.36
Incl. 68.30 75.40 7.10 0.50 0.19 1.56 0.00 0.55 0.75
Incl. 94.00 94.85 0.85 0.66 0.10 0.90 0.04 0.64 0.87
Incl. 109.00 199.50 90.50 0.38 0.12 3.35 0.16 0.45 0.62
And 161.20 187.50 26.30 0.98 0.17 6.92 0.02 0.98 1.35
CC25_028 45.50 227.30 181.80 0.27 0.12 3.23 0.08 0.34 0.47
Incl. 45.50 182.55 137.05 0.32 0.13 3.72 0.11 0.40 0.55
and 57.50 64.50 7.00 0.54 0.03 0.78 0.01 0.48 0.66
and 121.55 129.45 7.90 1.52 0.59 7.09 0.29 1.75 2.41
and 164.95 173.70 8.75 1.41 0.54 20.25 0.02 1.66 2.27
and 164.95 182.55 17.60 1.11 0.35 13.41 0.02 1.24 1.70
and 215.00 219.50 4.50 0.43 0.21 1.98 0.01 0.50 0.69

Economic Geology of Corral

Precious and base metal mineralization at Corral is concentrated in structurally controlled northeast dipping siliciclastic and carbonate sedimentary rocks including (oldest to youngest) Cambrian Bolsa Quartzite, upper-Cambrian Abrigo Limestone, Devonian Martín limestone and Mississippian Escabrosa limestone and in Jurassic aged intrusions. The most intense mineralization occurs in the Abrigo Limestone (main host) and Bolsa Quartzite, which are intruded locally by a series of Jurassic (and possibly younger) mineralized intrusions including the Star Hill, Copper Bell and Sniveler porphyries, quartz latite sills, and cross-cutting mineralized breccia bodies.

The Corral Copper Property includes the Holliday, Earp and Ringo Zones (northwest to southeast), which are related zones of discontinuously outcropping, locally high grade CRD, skarn and distal porphyry related mineralization and associated supergene enrichment that formed in the distal porphyry copper geological environment. A significant component of Intrepid’s discovery strategy at Corral is to leverage distal alteration and mineralization to vector toward one or more mineralized porphyry copper centers (see News Release dated April 15, 2025).

The Ringo Zone is located at the southern end of a 3.5km long string of copper-gold-silver-zinc bearing carbonate replacement bodies (Figure 1). The Ringo Zone measures approximately 900m (northwest to southeast) by 800m (southwest to northeast) and contains favorable Abrigo Limestone (and Bolsa Formation), pre-mineral intrusions, alteration and copper-gold-silver-zinc replacement style mineralization and secondary enriched copper oxide zones that are locally high-grade.

Executive Chair

The Company also announces that Mr. Mark Morabito has been promoted to Executive Chairman from his prior position as Chairman. Mr. Morabito is taking on additional responsibilities related to capital markets and corporate communications.

Mr. Morabito has more than 20 years of experience in the public markets with expertise in raising capital and corporate development. He is the founder of King & Bay West, a merchant bank and technical services company that specializes in identifying, funding, developing and managing high-potential opportunities.

Technical Information

All scientific and technical information in this news release has been prepared by, or approved by Daniel MacNeil, P.Geo. Mr. MacNeil is a Technical Advisor to the Company and is a qualified person for the purposes of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Mr. MacNeil has verified the drilling data disclosed in this news release, including the assay and test data underlying the information or opinions contained in this news release. Mr. MacNeil verified the data disclosed (or underlying the information disclosed) in this news release by reviewing imported and sorted assay data; checking the performance of blank samples and certified reference materials; reviewing the variance in field duplicate results; and reviewing grade calculation formulas. Mr. MacNeil detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the drilling data referred to in this news release.

Table 2: Drill Hole Location Information for Holes CC25-027 and CC25_028

DRILLHOLE ZONE START DATE END DATE EAST NORTH ELEVATION AZMITH INCLINATION DEPTH
CC25_026 Ringo 2025-04-28 2025-05-03 613245 3514003 1424 0 -90 234.40
CC25_027 Ringo 2025-05-04 2025-05-08 613265 3514017 1423 0 -90 224.65
CC25_028 Ringo 2025-05-09 2025-05-16 613267 3513936 1420 0 -90 240.80
CC25_029 Ringo 2025-05-17 2025-05-23 613353 3513985 1415 225 -60 305.10
CC25_030 Ringo 2025-05-24 2025-05-30 613219 3513900 1423 0 -90 270.70
CC25_031 Holliday 2025-05-31 2025-06-06 611891 3515918 1501 235 -40 320.65
CC25_032 Holliday 2025-06-07 2025-06-12 612028 3515934 1472 0 -90 313.05
CC25_033 Holliday 2025-06-12 2025-06-17 612135 3515757 1485 235 -80 200.00
CC25_034 Earp 2025-06-18 2025-06-22 612169 3514840 1495 250 -45 204.20

Quality Assurance and Quality Control

Drill core was first reviewed by a geologist, who identified and marked intervals for sampling. The marked sample intervals were then cut in half with a diamond saw; half of the core was left in the core box and the other half was removed, placed in plastic bags, sealed and labeled. Intervals and unique sample numbers are recorded on the drill logs and the samples are sequenced with standards and blanks inserted according to a predefined QA/QC procedure. The samples are maintained under security on site until they are shipped to the analytical lab.

All core samples were sent to ALS Geochemistry (ALS), a division of ALS Global, in Tucson, Arizona, for sample preparation, with pulps sent to the ALS Geochemistry laboratory in Reno, Nevada for analysis. ALS meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015 for analytical procedures and is independent of the Company. HQ size core was split and sampled over approximately two metre intervals. Samples were analyzed using: ALS’s Fire Assay Fusion method (Au-AA23) with an AA finish for gold and by gravimetric finish (Au-GRA21) for samples assaying greater than 10 ppm (gpt) gold; by a 36-element four acid digest ICP-AES analysis (ME-ICP61) with additional analysis for Ore Grade Cu (Cu-OG62), Ore Grade Zn (Zn-OG62) and Ore Grade Pb (Pb-OG62); and for silver assays above 100 ppm (g/t) by Fire Assay Fusion method with gravimetric finish (Ag-GRA21). ME-ICP61 results were reported in parts per million (ppm), Ore Grade (OG62) results were reported in percent (%). In addition to ALS quality assurance-quality control (QA/QC) protocols, Intrepid implements an internal QA/QC program that includes the insertion of sample blanks, duplicates, and standards, with QA QC control samples comprising approximately 10% of the sample stream.

About Corral Copper

The Corral Copper Property, located near historical mining areas, is an advanced exploration and development opportunity in Cochise County, Arizona. Corral is located 15 miles east of the famous mining town of Tombstone and 22 miles north of the historic Bisbee mining camp which has produced more than 8 billion pounds of copper3. Production from the Bisbee mining camp, or within the district as disclosed in the next paragraph, is not necessarily indicative of the mineral potential at Corral.

The district has a mining history dating back to the late 1800s, with several small mines extracting copper from the area in the early 1900s, producing several thousand tons. Between 1950 and 2008, various companies explored parts of the district, but the effort was uncoordinated, non-synergistic and focused on discrete land positions and commodities due to the fragmented ownership. There is over 50,000m of historical drilling at Corral mainly centered on the Ringo, Earp and Holliday Zones and although this core has been destroyed, Intrepid has a historical digital drill hole archive database which the Company uses for the purposes of exploration targeting and drill hole planning. Intrepid, through ongoing exploration drilling and surface geological mapping, sampling and prospecting is increasing confidence in the validity of these data.

The Corral Copper Property is comprised of the Excelsior Property, the CCCI Properties, the Sara Claim Group and the MAN Property. The Company has completed the acquisition of the Excelsior Property and Sara Claim Group through purchase and sale agreements. The Company has the right to acquire the corporate group that holds the CCCI Properties through an option agreement. The Company has the right to acquire the MAN Property through an option agreement. See the “Commitments” section of the Company’s most recently filed Management Discussion and Analysis for further details.

Intrepid is confident that by combining modern exploration techniques with historical data and with a clear focus on responsible development, the Corral Copper Property can quickly become an advanced exploration stage project and move towards development studies.

About Intrepid Metals Corp.

Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA. The Company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Project (a district scale advanced exploration and development opportunity with significant shallow historical drill results), the Tombstone South Project (within the historical Tombstone mining district with geological similarities to the Taylor Deposit, which was purchased for $1.3B in 20184, though mineralization at the Taylor Deposit is not necessarily indicative of the mineral potential at the Tombstone South Project) both of which are located in Cochise County, Arizona and the Mesa Well Project (located in the Laramide Copper Porphyry Belt in Arizona). Intrepid has assembled an exceptional team with considerable experience with exploration, developing, and permitting new projects within North America. Intrepid is traded on the TSX Venture Exchange (TSXV) under the symbol “INTR” and on the OTCQB Venture Market under the symbol “IMTCF”. For more information, visit www.intrepidmetals.com.

INTREPID METALS CORP.
On behalf of the Company
“Ken Engquist”
CEO

For further information regarding this news release, please contact:
Ken Engquist, CEO
604-681-8030
info@intrepidmetals.com

Notes
1 Composite intervals are calculated using length weighted averages based on a combination of lithological breaks and copper, gold, silver and zinc assay values. All intervals reported are core lengths, and true thicknesses are yet to be determined. Mineral resource modeling is required before true thicknesses can be estimated. Analyzed Grade corresponds composite weighted (“composites”) averages of laboratory analyses. Metal Equivalent corresponds to undiluted metal equivalent of reported composites and Diluted Metal Equivalent takes into account dilution factors of 85% for copper, and 80% for gold, silver and zinc for reported composites. Metal prices used for the CuEq and AuEQ calculations are in USD based on Ag $22.00/oz, Au $1900/oz, Cu $3.80/lb, Zn $1.15/lb The following equation was used to calculate copper equivalence: CuEq = Copper (%) (85% rec.) + (Gold (g/t) x 0.71)(80% rec.) + (Silver (g/t) x 0.0077)(80% rec.) + (Zinc (%) x 0.28)(80% rec.). The following equation was used to calculate gold equivalence: AuEq = Gold (gpt)(80% rec.) + (Copper (%) x 1.4085)(85% rec.) + (Silver (gpt) x 0.0108)(80% rec.) + (Zinc (%) x 0.4188)(80% rec.). Analyzed metal equivalent calculations are reported for illustrative purposes only. The metal chosen for reporting on an equivalent basis is the one that contributes the most dollar value after accounting for assumed recoveries.

2 Data disclosed in this news release includes historical drilling results and information derived from historic drill results, Intrepid Metals has not undertaken any independent investigation of the sampling, nor has it independently analyzed the results of the historical exploration work in order to verify the results. Intrepid considers these historical data relevant as the Company is using this data as a guide to plan exploration programs. The Company’s current and future exploration work includes verification of the historical data through drilling.

3 Information disclosed in this news release regarding the historic Bisbee Camp can be found on the Copper Queen Mine website and on the City of Bisbee website (www.bisbeeaz.gov/2174/Bisbee-History).

4 Details regarding the sale of the Taylor Deposit can be found in South32 News Release dated October 8, 2018 (South32 completes acquisition of Arizona Mining).

Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to: the potential of the property; the interpretation of drills results; potential of Corral as an emerging copper asset in a highly prospective district; the potential to host copper-gold porphyry copper mineralization; the Project’s unique upside exploration potential for large bulk minable porphyry mineralization; the rapidly advancing porphyry copper exploration campaign; the completion of additional drillholes; the exploration potential of the Corral Copper Property and the Company’s other mineral projects; and potential future production.

In certain cases, forward-looking information can be identified by the use of words such as “plans”, “expects”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved” suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the Company can raise additional financing to continue operations; the results of exploration activities, commodity prices, the timing and amount of future exploration and development expenditures, the availability of labour and materials, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to the ability to access infrastructure, risks relating to the failure to access financing, risks relating to changes in commodity prices, risk related to unanticipated geological or structural formations and characteristics risks related to current global financial conditions, risks related to current global financial conditions and the impact of any future global pandemic on the Company’s business, reliance on key personnel, operational risks inherent in the conduct of exploration and development activities, including the risk of accidents, labour disputes and cave-ins, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the “Risk Factors” section of the Company’s reports and filings with applicable Canadian securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

The issuer is solely responsible for the content of this announcement.

Singapore-Led Professional Services Centre Opens in Shanghai to Strengthen Cross-Border Business Collaboration


SINGAPORE – Media OutReach Newswire – 25 June 2025 – Six trade associations and professional membership bodies have come together under a unified collaboration, known as the Alliance, to officially launch the full-scale Professional Services (PS) Centre in Shanghai today.

The Alliance comprises the Institute of Singapore Chartered Accountants (ISCA), the Association of Small & Medium Enterprises (ASME), the Institute of Valuers and Appraisers, Singapore (IVAS), the Singapore Manufacturing Federation (SMF), the Tax Academy, and The Law Society of Singapore. Together, the Alliance represents a network spanning over 30 industries, from manufacturing, electronics, energy and life sciences to finance, technology, F&B, logistics, legal, tax, accountancy and valuation, bringing over 50,000 professionals and businesses under one collaborative ecosystem for cross-border growth.

This marks a significant milestone in strengthening professional and business ties between Singapore and China. Strategically located in the heart of the Hongqiao Business District, the PS Centre will serve as a gateway for bilateral engagement, providing a platform for Singapore and Chinese businesses to connect, collaborate, and grow.

The PS Centre builds upon the Alliance’s long-term vision to establish up to 10 PS Centres globally under this collaborative initiative with its founding partners. It represents a pivotal step in expanding Singapore’s professional services ecosystem into China through a permanent, on-the-ground presence in one of Asia’s most vibrant business hubs.

Supported by key stakeholders from both Singapore and China, including government agencies, trade associations, and professional bodies, the PS Centre will act as a collaborative platform for knowledge exchange, talent support, thought leadership, and business development, especially for firms seeking new opportunities in China.

The PS Centre exemplifies Singapore’s “hunt in a pack” strategy, where business associations and professional membership bodies expand together as a group to regionalise. This enables:

  • end-to-end support for businesses entering new markets covering legal, tax, valuation, accounting, and advisory needs;
  • shared resources, know-how, and networks for greater operational efficiency and collective strength; and
  • broader regional footprint and deeper market penetration across Southeast Asia and beyond.

The PS Centre is built around three overarching focus areas:

1. A Conduit for International Expansion
Acting as a hub for firms, trade associations, and partners seeking to expand overseas. By connecting them to a curated network of region-specific experts and local partners, firms gain tailored guidance and services to navigate new markets confidently.

2. Business Enablement
The PS Centre provides business opportunities for ISCA Corporate Members and a wide community of professional services firms, including those in accounting, tax, legal, business valuation and corporate advisory. It offers an in-market presence, local expertise, and collaboration spaces for sustained engagement.

3. Fostering a Regional Ecosystem
Serving as a platform for cross-border knowledge sharing, strategic networking, thought leadership, and innovation – laying the groundwork for robust, long-term professional partnerships and a future-ready business community across Asia.

Mr Fuan Kong, Secretary, Party Leadership Group Executive Deputy Director-General, said: “We welcome ISCA’s presence here and are confident that the PS Centre will play a meaningful role in advancing our shared goals of development, innovation and economic exchange.”

This launch signals the start of a new chapter in the internationalisation of Singapore’s professional services in China, paving the way for additional full-scale PS Centres in Ho Chi Minh City, Nanjing, and Johor Bahru in the coming months.

“The establishment of ISCA’s PS Centre in Shanghai reflects the growing demand for trusted, cross-border professional partnerships,” said Mr Loh Tuck Keat, Consul-General of the Consulate General of the Republic of Singapore in Shanghai. “I believe that it will serve as a strong foundation for deeper economic and professional engagement between Singapore and China.”

The Alliance invites businesses and professional services firms to watch for more updates as they continue to expand this regional network – bringing trusted expertise to businesses across Asia and creating new pathways for sustainable growth and collaboration.

“The new PS Centre in Shanghai is an important step forward in our goal to support organisations as they expand overseas,” said Mr Teo Ser Luck, President of ISCA. “Having a physical presence in China helps us build a stronger, Singapore-led network where professional bodies, trade groups, and businesses work closely together to find new opportunities. This ‘hunting in a pack’ approach means companies can get support in critical functions, while allowing us to grow our reach further into the region.”

Mr Ang Yuit, President of the Association of Small & Medium Enterprises (ASME), said, “Shanghai represents a gateway to one of the world’s most dynamic markets. With the launch of the Professional Services Centre here, we are not only deepening cross-border business collaboration but also reinforcing the commitment of Singapore’s trade associations to support SMEs in navigating complex, fast-moving economies. ASME is proud to be part of this Alliance and looks forward to helping our enterprises build trusted partnerships, access in-market expertise, and scale confidently across borders.”

“The opening of the China Shanghai Professional Services Centre marks a significant step forward in strengthening regional collaboration and enabling Singapore enterprises to internationalise with confidence,” said Mr. Dennis Mark, CEO of the Singapore Manufacturing Federation. “As a strategic platform for business enablement and cross-border partnerships, the Centre will play a vital role in deepening professional networks, facilitating market access, and fostering sustainable growth across Asia. The Singapore Manufacturing Federation is proud to support this initiative, which aligns with our commitment to empowering local firms to seize global opportunities through innovation, connectivity, and shared expertise.”

“The Tax Academy of Singapore’s mission is to raise the professional competency of the tax community and develop our standing as a leading centre for taxation and a regional tax knowledge hub,” said Mr Dennis Lui, CEO of Tax Academy of Singapore. “We are delighted to participate in ISCA’s Professional Services Centre initiative, so as to help build a stronger regional eco-system for the growth of businesses in the region.”

“The Law Society of Singapore is pleased to support this cross-profession initiative to deepen collaboration between Singapore and China,” said Ms Lisa Sam, President of the Law Society of Singapore. “The Professional Services Centre in Shanghai provides a valuable platform for professionals and businesses from both countries to connect, share knowledge, and grow together. We look forward to contributing to greater awareness of legal risks, dispute resolution, and ethical business practices, and to working with ISCA and our partners to strengthen Singapore’s professional presence abroad.”

-END-

Hashtag: #ISCA #Accountancy #DifferenceMakers #ProfessionalServicesCentre

The issuer is solely responsible for the content of this announcement.

About the Institute of Singapore Chartered Accountants

The Institute of Singapore Chartered Accountants (ISCA) is the national accountancy body of Singapore with over 39,000 ISCA members making their stride in businesses across industries in Singapore and around the world. ISCA members can be found in over 40 countries and members based out of Singapore are supported through 12 overseas chapters in 10 countries.
Established in 1963, ISCA is an advocate of the interests of the profession. Complementing its global mindset with Asian insights, ISCA leverages its regional expertise, knowledge, and networks with diverse stakeholders to contribute towards the advancement of the accountancy profession.
ISCA administers the Singapore Chartered Accountant Qualification programme and is the Designated Entity to confer the Chartered Accountant of Singapore – CA (Singapore) – designation.
ISCA is a member of Chartered Accountants Worldwide, a global family that brings together the members of leading institutes to create a community of over 1.8 million Chartered Accountants and students in more than 190 countries.
For more information, visit www.isca.org.sg.

Ningbo Embraces a Golden Opportunity for Inbound Tourism: Upgraded Policies and Enhanced Services Attract Global Visitors


NINGBO, CHINA – Media OutReach Newswire – 25 June 2025 – With the expanded implementation of the 240-hour visa-free transit policy and ongoing innovations in cultural and tourism services, Ningbo, China, is welcoming global travelers with an unprecedented spirit of openness. The word-of-mouth effect of “In Ningbo, Enjoy” has gained international acclaim. Behind this rising global appeal is the powerful synergy between strategic cultural and tourism policymaking and Ningbo’s distinctive charm.

Since the beginning of this year, the Ningbo Municipal Bureau of Culture, Radio, Television and Tourism has implemented a “policy + service” strategy. Through curating distinctive cultural and tourism routes, innovating cultural and tourism consumption scenarios, and enhancing service facilitation for inbound travelers, the city has significantly energized its inbound tourism industry.

In terms of tourism routes, for example, Ningbo has launched the “Picturesque Ningbo” cultural exploration tour, built upon the themed corridor “Picturesque and Dynamic Zhejiang,” attracting both domestic and international travelers. On the service side, the city leverages its visa-free policy and “buy-now, refund-now” departure tax refund service, enabling tourists to receive instant tax rebates at designated shopping malls, significantly enhancing the shopping experience. To many foreign visitors, Ningbo’s port culture and Jiangnan charm leave a lasting impression, while the tax refund policy greatly boosts their willingness to spend.

In addition, the forthcoming Ningbo Three-Year Inbound Tourism Doubling Action Plan will introduce dedicated funding to generously reward travel agencies—both domestic and overseas—that successfully bring visitors into the city, further unleashing market potential.

“Ningbo’s Charm” Enhances Inbound Tourist Satisfaction

Situated at the intersection of China’s coastline and the 30th parallel north, Ningbo takes “A city of culture and a gateway to the world” as its business card, presenting a unique picture of cultural and tourism integration to the world.

The intricately carved brick lintels and book-collecting heritage of Tianyi Pavilion embody the essence of Chinese civilization. Along the serene banks of Moon Lake, cozy cafés and vintage bookstores weave a seamless dialogue between past and present, captivating visitors from around the globe.

From the red-paste marinated crab arriving at the port at dawn to the Yellow Croaker with Pickled Vegetables (Xuecai Dahuangyu), from the intangible cultural heritage tangyuan (glutinous rice balls) to the “Three Treasures of Qiantong” (Qiantong tofu, Qiantong dried tofu, and Qiantong hollow tofu), Ningbo has turned its fishing-port delicacies and seasonal handcrafted foods into unforgettable taste memories, celebrated both in China and beyond.

The Baroque architecture of the Old Bund in Ningbo pairs beautifully with the shimmering nightscape of Sanjiangkou. In Nantang Old Street, the melodies of Yue opera drift through the air, mingling with the soft glow of lanterns. Meanwhile, the Maitreya Buddha of Xuedou Mountain radiates Eastern Zen serenity—its mystique especially captivating to international visitors.

“When in Ningbo, I truly felt an immersive experience—scenery at every turn and delicacies at every corner,” a foreign tourist joyfully shared.

Today, Ningbo is evolving from a traditional tourist destination into a global cultural and tourism hub. Blending time-honored heritage with dynamic innovation, the city extends a warm and sincere invitation to the world—”In Ningbo, Enjoy”—embracing visitors with openness and charm.

Hashtag: #Ningbo

The issuer is solely responsible for the content of this announcement.

Vietnam Abolishes Death Penalty for Spying, Anti-state Activities

Vietnam Abolishes Death Penalty for Spying, Anti-state Activities
Independence Palace in Ho Chi Minh (photo credit: Tuan Vy)

AFP – Vietnam has abolished the death penalty for eight crimes, including espionage, graft, and attempting to overthrow the government, state media said on 25 June.

Officials Defend Tree Maintenance Amid Controversy Over Vientiane Transit Expansion

Tree being trimmed at Setthathirath Road (Photo: Oulayvanh Sisounonth)

Duangta Boualavong, Deputy Head of the Department of Economics of Wood Processing Technology, has responded to public backlash following the trimming of ancient trees in Vientiane. 

Vietnam Approves New Law Allowing Foreign Spouses to Gain Citizenship Without Residency

National Assembly of Vietnam. (Photo credit: Wikidata)

Foreigners married to Vietnamese citizens will now be eligible for Vietnamese citizenship without having to meet previous residency, language, or financial requirements, following a new law passed by the National Assembly.

On 24 June, all 416 deputies of the Vietnam National Assembly voted in favor of amending the Law on Vietnamese Nationality. 

The revised law grants exemptions for foreign nationals and stateless persons who are married to Vietnamese citizens or who have biological children of Vietnamese nationality, according to the state media.

Previously, applicants were required to have lived in Vietnam for at least five years, demonstrate proficiency in the Vietnamese language, and prove financial self-sufficiency to qualify for citizenship. These requirements are now waived for eligible applicants under the new law.

Vietnamese Lawmakers press buttons to pass amendments to Vietnam’s nationality law at a session on 24 June 2025. (Photo: Gia Han/tuoi tre news)

However, certain core requirements remain. Applicants must still demonstrate legal capacity (with exceptions for children applying alongside a Vietnamese parent), comply with Vietnamese laws, and show respect for the country’s culture and customs.

The revised law requires applicants to adopt a Vietnamese or ethnic minority name, but those with dual citizenship may use a hybrid name combining both Vietnamese and foreign elements in official documents.

Justice Minister Nguyen Hai Ninh said the reform aims to attract talent and strengthen national development by drawing skilled professionals, scientists, investors, and experts with family ties to Vietnam.

While Vietnam does allow dual citizenship in specific cases, particularly for those with Vietnamese relatives and upon presidential approval, the law states that only Vietnamese nationality will be officially recognized within the country, unless otherwise stipulated by international agreements.

The law restricts dual citizenship for sensitive positions: Communist Party members, state officials, mass organization leaders, and armed forces personnel must hold only Vietnamese citizenship and maintain permanent residence in Vietnam. Other public employees may retain dual nationality if it benefits the state without compromising national interests.

Implementation guidance from the central government is expected in coming months.

Best Mart 360 Debuts on foodpanda mall in Hong Kong

Over 500 Premium Global Products Now Available for Convenient Home Shopping


HONG KONG SAR – Media OutReach Newswire – 25 June 2025 – Best Mart 360 Holdings Limited (“Best Mart 360” or the “Company”, together with its subsidiaries, the “Group”; stock code: 2360.HK), a leading leisure food retailer in Hong Kong, is excited to announce that its flagship retail brand, “Best Mart 360˚ ” and its global gourmet brand, “FoodVille”, are now available on foodpanda mall. In addition to its extensive network of over 170 stores across Hong Kong, Best Mart 360 is committed to expanding its online platform services, seamlessly integrating online and offline experiences to provide customers with a more convenient and comprehensive shopping experience.

Leveraging its global sourcing expertise, Best Mart 360 brings an extensive range of over 500 high-quality, competitively priced yet premium products to foodpanda mall, including (i) popular snacks such as biscuits, candies, and chocolates from Japan, Korea, Europe, and the Americas; (ii) exclusive flagship brands and featured products; (iii) a curated selection of international wines, sake, and beers; and (iv) premium cooking oils, condiments, and essential household groceries.

Convenient Shopping Across the Territory
Experience 24/7 Access to Premium Living

With foodpanda Mall, customers can order their favorite products, and foodpanda couriers will pick them up from selected Best Mart 360° or FoodVille stores, delivering in as little as 30 minutes. The service will initially be piloted at 39 stores and will gradually expand to more locations, unveiling more best-selling items in the near future.

Mr. Hui Chi Kwan, Executive Director and Chief Executive Officer of the Group, said, “We are delighted to collaborate with foodpanda to bring our global premium products online. This collaboration meets our customers’ demand for convenience, offering access to high-quality, competitively priced items anytime, anywhere. It further embodies our brand commitment of ‘Premium Living, Within Reach,’ connecting us even closer to our customers’ daily lives.”

Mr. Darren Luk – Director, Q-Commerce (HKTW) of foodpanda, said, “We’re dedicated to providing diverse lifestyle products. Best Mart 360’s addition enhances our offerings, particularly for imported snacks and groceries, solidifying foodpanda mall as Hong Kong’s go-to one-stop delivery platform.”

List of Designated Branches:
Best Mart 360˚
Hong Kong Island

1. Shop L, G/F, 484-496 Queen’s Road West, Shek Tong Tsui

6. Shop 301, L3, New Jade Shopping Arcade, Chai Wan
2. Shop Nos. D09-D13a, First Floor, Queensway Plaza, 93 Queensway, Admiralty

7. Shop A and B, Ground Floor, 3-5 Stanley New Street, Stanley
3. Shop No. 1, G/F, 334-336 King’s Road, North Point

8. Shop E, G/F, Albert House,22 Chengtu Road, Aberdeen
4. Shop D, G/F, Ellen Building, 192-198 Shau Kei Wan Road, Shau Kei Wan

9. Shop 17, G/F, Hang Fung Mansion,17-19 Wong Nai Chung Rd, Happy Valley
5. Shop 3 & Shop 4, G/F, 981 King’s Road, Quarry Bay

10. Shop A, G/F, 194-204 Johnston Road, Wanchai


Kowloon

1. Shop 18, G/F, 1-7 Wu Kwong Street, Hung Hom

6. Shop UG22, UG/F, Temple Mall South, Wong Tai Sin
2. G/F, 128-130 Nga Tsin Wai Road, Kowloon City

7. Shops 79-80, 1/F, Laguna Plaza, Kwun Tong
3. G/F, 511 Nathan Road, Yau Ma Tei

4. G/F, 180 Nathan Road, Tsim Sha Tsui

5. Shop G19, G/F, Un Chau Shopping Centre, Cheung Sha Wan

New Territories

1. Shop 205A, L2, Tai Wo Plaza, Tai Po

9. Shop Nos. 4A, 4B and 19, G/F,Chung On Shopping Centre, Ma On Shan
2. Shop No. A212, Level 2, YOHO Mall II, Yuen Long

10. Shop 53B, 55A & 55B, 3/F, Shatin Centre, Sha Tin
3. Shop No. L045, G/F, Tin Yiu Plaza, Tin Yiu Estate, Tin Shui Wai

11. Shop Nos. TAW 31-32, MTR Tai Wai Station, Tai Wai
4. Shop Nos. H-217 & H-218A, Level 2, Zone H, H.A.N.D.S., Tuen Mun

12. Shops G2-3 & G16-18, G/F, Tai Hung Fai(Tsuen Wan) Centre, Chung On Street, Tsuen Wan
5. Shop Nos. 209-211, 1/F, Fanling Centre, Fanling

13. Shop TSY 30-31, Tsing Yi Station, Tsing Yi
6. Shop Nos. UG046-47, UG/F,Metro City Phase II, Tseung Kwan O

14. Shop No. B (2-8, 23-25), 2/F, Sun Kwai Hing Plaza, Kwai Chung
7. Shop 15, G/F, Sai Kung Garden, 16 Chan Man Street, Sai Kung

15. Shop 105, 1/F, Fu Tung Plaza, Tung Chung
8. Shops F75-76, 1/F, PopCorn 2, Tseung Kwan O

FoodVille
Kowloon

1. Shop No. G8-9 &16-19 on Ground Floor of Amoy Plaza Gardens, Phase I, 77 Ngau Tau Kok Road, Ngau Tau Kok


New Territories

1. Shop Unit 304, The LOHAS, LOHAS Park, Tseung Kwan O

4. Shop No. 354, Level 2, Zone E, Tai Po Mega Mall, Tai Po
2. Shop 183, Level 1, Maritime Square 2, Tsing Yi

5. Shop Unit 503, Level 5, The Wai, Sha Tin
3. Shop No. 3013, Level 3, MOSTown (Phase 4), Ma On Shan

6. Shop Nos. 152-153, Level 1, Park Central, 9 Tong Tak Street, Tseung Kwan O

Hashtag: #優品360 #BestMart360 #foodpanda #foodpandamall

The issuer is solely responsible for the content of this announcement.

Best Mart 360 Holdings Limited

Best Mart 360 Holdings Limited operates chain retail stores under the brand “Best Mart 360˚ “, offering wide selection of imported and pre-packaged leisure foods and other grocery products principally from overseas. It is the Group’s business objective to offer “Best Quality” and “Best Price” products to customers through continuous efforts on global procurement with a mission to provide comfortable shopping environment and pleasurable shopping experience to customers. As at 31 December 2024, the Group operated a total of 176 chain retail stores, spanning all of the 18 districts in Hong Kong and strategic locations with heavy pedestrian flow in Macau. Among the chain retail stores, the global gourmet brand “FoodVille” launched in September 2021 is also included, targeting the medium-to-high-end-market.