Cygnus Metals

We’re pleased to share our March 2026 Quarterly Report. Our Executive Chairman David Southam said: “The March quarter was very successful for Cygnus as we implemented our twin strategies of growth through exploration and advancement of the project. “The capital raising was completed at a tight discount in volatile markets. The raising, which was strongly endorsed by our cornerstone shareholder, Ocean Partners, has set us up to continue our path to significant growth from a well-funded position. “Drilling centred around Golden Eye, with three rigs working at peak capacity. This culminated in some very strong assays shortly after the end of the quarter. These included high-grade gold, copper and silver intervals over 100g/t AuEq over 1m. With these results reconciling well vis à vis the resource model, we are looking forward to potentially upgrading more Inferred resources into the Indicated category.” Read the full quarterly report here: loom.ly/RtsVe_Y

Infill drilling at the Golden Eye deposit at our Chibougamau Copper-Gold Project has returned high-grade gold intervals of up to 105.5g/t AuEq over 1.0m, alongside copper grades of up to 11.9% Cu over 0.8m. These results highlight the strong potential to grow the Indicated Resource as well as the scope for further extensions. There remains a number of assay results pending following finalisation of exploration activity at Golden Eye on 8 April 2026, with around 5,632m of drilling completed from the engineered ice pad. Our Executive Chairman David Southam said: “These results are some of the best intervals recorded at the Golden Eye deposit which is unmined, near surface and has existing infrastructure in place. “Assay results reported today for gold, silver and copper confirm the high-grade nature of the deposit and continuity, with the perfect blend of commodities. “These results will form part of the next resource update, including the revised Indicated Resource." Read more: loom.ly/uVoKPbI ASX: #CY5 | TSXV: #CYG | OTCQB: #CYGGF

Cygnus Executive Chairman David Southam is interviewed in @Paydirt_Media magazine, discussing exploration at our Chibougamau Copper-Gold Project and the oversubscribed $25m placement completed last month to advance the project with journalist Rhonda Malkin. David highlights the significant Resource growth achieved since acquiring the project, and the three rigs currently spinning at the Golden Eye deposit, where results are due in the coming weeks. “We went from 10.5mt to just under 15mt @ 3.3% copper equivalent, increasing the resource [in September 2025] by nearly 80%, but we also found a new deposit, Golden Eye, where some of those dollars are being spent right now. If I get some more indicated resources from our Golden Eye drilling, they are very high-value ounces that I could add to the PEA because they are so close to the mill and they’ve got such good grade,” he said. David also touches on opportunities at the Joe Mann and Gwillam (JV with $20 billion TSX-listed Alamos Gold) prospects, as well as the increasing inbound enquiries for offtake, including interest in Cygnus' lithium assets. “We had zero inbound queries nine months ago, and now it's substantial," he said. Read the full article below ⬇️ ASX: #CY5 | TSXV: #CYG | OTCQB: #CYGGF

Cygnus is pleased to share a copy of its Annual Report for the year ended 31 December 2025. Read it here: loom.ly/ubhSXmY ASX: #CY5 | TSXV: #CYG | OTCQB: #CYGGF

Cygnus has received firm commitments totalling A$25 million via a share Placement to institutional and sophisticated investors: loom.ly/5-XOwfA Strategic investor Ocean Partners, the Company’s second-largest shareholder prior to this raising, strongly supported the Placement due to its fundamental belief in the value of the Chibougamau Copper-Gold Project and its insights into the global copper supply markets. Funds from the Placement will be used for Resource growth, Resource conversion, exploration of multiple prospects including Joe Mann and Gwillim, ongoing permitting work, study completion, some early works at the milling infrastructure and working capital. Our Executive Chairman David Southam said: “We delivered on our strategy at Chibougamau in our first year of ownership with more resources, including more indicated resources, and a new resource at the Golden Eye discovery. “This new round of funding is designed to grow our resources further, upgrade more resources into high confidence categories and aggressively drill some recently identified high grade gold-copper targets. “With three rigs now operating and production studies progressing, we have several avenues for driving rapid shareholder value.” ASX: #CY5 | TSXV: #CYG | OTCQB: #CYGGF

Cygnus is pleased to provide a copy of its latest investor presentation released for the @BMO 35th Global Metals, Mining & Critical Minerals Conference being held in Hollywood, Florida this week, as well as @the_PDAC conference taking place March 1-4 in Toronto. Executive Chairman David Southam is attending BMO, and David, President & CEO Nicholas Kwong, VP of Exploration and Corporate Development Duncan Grieve and Exploration Manager Louis Beaupre will attend PDAC. A copy of the company's latest investor presentation released for these events is available here: loom.ly/J-dHw8I ASX: #CY5 | TSXV: #CYG | OTCQB: #CYGGF

We have commenced extensive exploration programs aimed at growing the resources at our Chibougamau Copper-Gold Project in Quebec. Resource growth and discovery remain a key pillar of Cygnus’ growth strategy as we continue to unlock the Chibougamau district. A key focus is brownfields exploration, including extensions to deposits such as Cedar Bay and Golden Eye. Our Executive Chairman David Southam said: “There is overwhelming evidence which points to the potential for substantial resource growth at Chibougamau. The resources remain open in many places and we have a pipeline of compelling targets to test. “We have devised an extensive program of drilling and geophysics to unlock this upside. This will include brownfields drilling as well as testing new targets. After growing the resource by 29 per cent last year, we are confident that our exploration strategy will deliver more strong results and create more value for shareholders. “We are now drilling at Golden Eye and Cedar Bay, which provide substantial resource upside. “Joe Mann and Gwillim have excellent discovery potential and have been materially overlooked for the last 20 years. With this potential and the current gold price we are excited to commence exploration on these targets.” Read more: loom.ly/Q43reww ASX: #CY5 | TSXV: #CYG | OTCQB: #CYGGF

Cygnus Executive Chairman David Southam will attend the @BMO 35th Global Metals, Mining & Critical Minerals Conference next week. BMO's Global Metals, Mining and Critical Minerals Conference brings together senior leaders, global investors, policymakers, and analysts for three days of strategic insights and industry‑defining conversations. Spanning four decades, the conference has become one of the world's leading forums for dialogue on mining, metals, and the critical minerals essential to the global energy transition. ASX: #CY5 | TSXV: #CYG | OTCQB: #CYGGF

📄 December 2025 Quarterly Activities Report: loom.ly/UuLuwQk Our Executive Chairman David Southam said: “The December quarter was very productive for Cygnus as we continued to prove the value of our ground in a mere 12 months of ownership. “The wide intersection at Cedar Bay of 28.9m at 2.5g/t AuEq just 200m from surface is a great outcome and is well outside the resource. “We will keep the drill rigs turning as we continue to drive resource growth and push Chibougamau towards development by advancing the economic studies.” ASX: #CY5 | TSXV: #CYG | OTCQB: #CYGGF

We’re pleased to announce high priority gold drilling targets, with permit applications in progress, at our Chibougamau Copper-Gold Project in Quebec. Cygnus is continuing to aggressively explore the highly prospective Chibougamau Project and grow resources in line with our value creation strategy. Two high priority drill targets have been identified which are both known to have significant high-grade gold mineralisation and little modern exploration. The Gwillim prospect, located just 12km from the Chibougamau processing facility, has returned several high-grade intersections which require follow up drilling, including 7.6m @ 38.1g/t Au from 314.9m, 15.2m @ 9.4g/t Au from 155.1m and 16.4m @ 8.3g/t Au from 168.3m. The Joe Mann prospect is a historic high-grade gold mine which produced 1.2Moz @ 8.3g/t Au, with an Inferred Resource of 0.7Mt at 6.0g/t Au for 143koz. Significant regional potential remains near surface with intersections of 0.7m @ 480.2g/t Au from 92.3m, 3.8m @ 20.8g/t Au from 287.2m and 8.4m @ 6.3g/t Au from 175.6m. We believe these drill targets have significant potential to grow the current resource of the Chibougamau Project, which stands at 6.4Mt at 3.0% CuEq for 193kt CuEq (M&I) and 8.5Mt at 3.5% CuEq for 295kt CuEq (Inferred). Read more: loom.ly/-04cdvo ASX: #CY5 | TSXV: #CYG | OTCQB: #CYGGF

We’re pleased to announce a potential new mineralised zone intersected outside of the MRE at our Chibougamau Copper-Gold Project in Quebec. Ongoing drilling targeting the down dip extension of the Cedar Bay deposit has intersected a wide zone of strong mineralisation just 200m from surface, which returned 28.9m @ 2.5g/t AuEq (1.0g/t Au, 1.0% Cu & 12.0g/t Ag). Our Executive Chairman David Southam said: “This wide intersection has significant implications for our strategy to keep growing our Chibougamau resource base. “To hit 28.9m at 2.5g/t AuEq just 200m from surface is a great outcome in any circumstance. But this intersection is well outside the resource and highlights the potential for a new parallel zone of mineralisation. “We will keep the drill rigs turning as we continue to drive resource growth and push Chibougamau towards development by advancing the economic studies.” Read more: loom.ly/h5CgbCM ASX: #CY5 | TSXV: #CYG | OTCQB: #CYGGF

Cygnus Metals Executive Chairman David Southam will present at upcoming @RR_Stars Summer Series Investor Conferences in Sydney and Melbourne. 🗓️ SYDNEY | Tuesday 2nd December – Sofitel Sydney Wentworth 🗓️ MELBOURNE | Thursday 4th December – Sofitel on Collins Register to attend: lnkd.in/g9YHWuWU