Gold Port Renews Groete Project Mining Permit; Advances Camp Reconstruction

Gold Port Corporation has secured permit renewals from the Guyana Geology and Mines Commission for its wholly-owned Groete Gold Copper Project, comprising three mining permits totaling 1,384 hectares. The strategic location, 64 kilometers west-southwest of Georgetown and near the Essequibo River transportation corridor, positions the project favorably for future development activities.

The company is actively advancing infrastructure development through comprehensive camp reconstruction and site preparation activities. Crew facilities and equipment buildings are being rebuilt with new generation, refrigeration, and food preparation equipment, while all heavy machinery has undergone repair and servicing. This infrastructure investment supports the planned construction of an eight-mile road system to the Manaka access point, which will enable deployment of a new Multi-Power diamond core drilling rig.

The Groete Project contains a substantial inferred mineral resource of 1.57 million gold-copper equivalent ounces, calculated in 2019 using conservative commodity prices of $1,275 per ounce gold and $3.00 per pound copper. The resource comprises approximately 1.1 million gold ounces and 195 million pounds of copper within 74 million tonnes, with grades of 0.49 gpt gold and 0.12% copper. This represents a significant asset base that justifies the current infrastructure investments and positions the company for expanded drilling programs once road access is completed.