Visible Gold Expands Exploration Portfolio With Acquisition of 250 KM² District-Scale Sakami Gold Project

ROUYN-NORANDA, Québec--(BUSINESS WIRE)--May 27, 2026--

Visible Gold Mines Inc. ("Visible Gold" or the "Company") (TSXV: VGD) (FRANKFURT: 3V41 ) is pleased to announce that it has entered into an arm's-length agreement dated May 26, 2026 (the " Agreement ") with Morocco Strategic Minerals Corp. (TSXV: MCC) (the " Vendor ") to acquire a 100% interest in the Sakami property (" Sakami " or the " Property ") located in the James Bay Territory of Québec.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260527810179/en/

CEO QUOTE
Jean-Marc Lacoste, President and CEO of Visible Gold stated: "Over the last few months, we have strengthened the Company’s exploration portfolio through the acquisition of a second district-scale gold project located in a rapidly emerging mining camp that includes the Éléonore gold mine and neighbouring deposits adjacent to our property. This acquisition aligns with our strategy of creating long-term shareholder value through the advancement of high-quality gold projects in proven mining districts. Sakami has already been the subject of extensive early-stage exploration, generating a large volume of valuable data that will help guide the design of our upcoming exploration and drilling programs."

SAKAMI DESCRIPTION
The Property comprises 475 claims covering ~250 km² and is strategically located along the contact between the Opinaca and La Grande subprovinces, one of the most significant geological structures in the James Bay region and host to numerous gold deposits. These include the Éléonore gold mine, which hosts proven and probable reserves of 10.1 Mt grading 5.05 g/t Au for approximately 1.6 million ounces of gold 1, as well as Lux Metals’ La Grande deposit located directly north of the Property and Fury Gold’s La Pointe deposit situated directly to the south. Other significant gold deposits near the Opinaca - La Grande subprovinces include the Eau Claire, Cheechoo and Corvet deposits, reinforcing the interpretation of a district-scale gold camp.

More than $5 million has been invested by previous owners in exploration work at Sakami, including magnetic, TDEM and IP geophysical surveys, as well as multiple field campaigns involving prospecting, geological mapping, overburden stripping and trenching, and channel sampling. Exploration work also included limited diamond drilling programs.

Exploration work completed to date on Sakami has confirmed the presence of widespread hydrothermal alteration, significant structural deformation features, including shear zones, folding and mylonites, as well as sulfide mineralization consisting primarily of pyrite, pyrrhotite, chalcopyrite and sphalerite, all of which are key indicators of robust mineralizing systems. These features are spatially associated with magnetic and IP geophysical anomalies, suggesting that the mineralization may form part of a broader and potentially continuous mineralized system.

Surface sampling has returned locally significant gold values, including assays of up to 3.09 g/t Au from outcrop samples and multiple anomalous results ranging from 0.5 g/t Au to 1.8 g/t Au. Channel sampling at the GoldenEye prospect returned approximately 1.02 g/t Au over 4.1 metres, indicating continuity over potentially mineable widths. Grab samples at the Lamarche showing returned anomalous gold values of up to 13,000 ppb Au, accompanied by elevated zinc, lead and copper values, highlighting the polymetallic nature of the system and the potential for by-product credits. In addition, grab samples of the Transtaiga showing assayed up to 2,630 ppb Au. (Source GM 72361)

The presence of multiple mineralized zones, including Lamarche, GoldenEye and Transtaiga, highlights the district-scale potential of Sakami rather than that of a single isolated occurrence. Importantly, the Property remains largely underexplored, with only limited trenching, surface sampling and drilling completed to date, leaving significant discovery upside through systematic geophysical surveys and targeted diamond drilling programs.

A review of regional drilling activity also reveals a notable gap in drill coverage on Sakami compared to the more advanced La Grande and La Pointe projects located along strike to the northeast and southwest, respectively. This lack of historical drilling further underscores the Property’s exploration potential.

ACQUISITION TERMS
As consideration for the acquisition of a 100% interest in the Property, Visible Gold will issue the Vendor 4,000,000 common shares of the Company upon closing and grant the Vendor a 1% NSR royalty, which may be repurchased by the Company for $1 million. The common shares will be subject to a voluntary three-year resale restriction, with 400,000 common shares to be released four months following closing and 1.2 million common shares to be released on each of the first, second and third anniversaries of the closing date (the “ Voluntary Resale Restriction ”).

The Agreement is subject to regulatory approval, including that of the TSX Venture Exchange. The common shares to be issued pursuant to the Agreement are, in addition to the Voluntary Resale Restriction, subject to a regulatory resale restriction period of four months and one day.

Qualified Person Statement

All scientific and technical information of this press release has been reviewed and approved by Louis Martin, P.Geo. (OGQ), a consultant to the Company and a Qualified Person for the purposes of National Instrument 43‑101 – Standards of Disclosure for Mineral Projects (“ NI 43-101 ”). Mr. Martin has reviewed and verified the historical assay results and noted no errors or omissions during the data verification process. The Company and Mr. Martin do not recognize any factors of sampling or recovery that could materially affect the accuracy or reliability of the historical assay data and exploration results disclosed in this news release.

Grab samples are selective by nature and may not be representative of the overall mineralization on the Sakami Project. While they are useful for identifying areas of interest and guiding further exploration, they should not be relied upon as an indicator of the average grade or extent of mineralization.

This press release may also reference historical mineral resource estimates on nearby properties. These estimates are considered relevant as they provide an indication of the exploration potential of the property; however, they were prepared by previous operators and have not been verified by the Company’s Qualified Person. The historical estimates may not have been prepared in accordance with current standards as defined by NI 43-101 and should not be relied upon.

The Company cautions that mineralization observed on adjacent or nearby properties is not necessarily indicative of similar mineralization on its own properties. While such occurrences may provide regional geological context, they do not imply continuity of mineralization, similar grades, or the presence of economically recoverable resources on the Company’s claims. Exploration results and geological interpretations on neighbouring properties have not been verified by the Company and should not be relied upon as an indication of the potential of the Company’s projects.

Cautionary Note regarding Proven and Probable Reserves on the Éléonore Mine

Readers are cautioned that technical information relating to the proven and probable reserves on the Éléonore mine (the “ Éléonore Information ”) has been obtained from a press release of Newmont Corporation dated February 20, 2025 (the “ Newmont Press Release ”) and such Éléonore Information has not been verified by the Company’s Qualified Person but is believed to be reasonably reliable. While the Company has determined that such Éléonore Information is relevant to the Property given that the Property and Éléonore mine are both located along the contact between the Opinaca and La Grande subprovinces in the same mining district. Readers are also cautioned to not place undue reliance on the Éléonore Information as it is not necessary indicative of the mineralization that may be encountered on the Property and the information relating to the Éléonore mine does not mean or imply that economic deposits exist on the Property.

Adoption of Semi-Annual Financial Reporting

The Company also announces the adoption of semi-annual financial reporting (“ SAR ”). This news release is being issued and filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (“ CBO 51-933 ”).

CBO 51-933 allows eligible venture issuers to voluntarily move from a quarterly to a semi-annual financial reporting framework. By adopting SAR, the Company aims to reduce the administrative and financial burden of quarterly reporting. As a result of adopting SAR, the Company will not file interim financial statements and related Management’s Discussion and Analysis (“ MD&A ”) for the three-month period ended October 31 and the nine-month period ended April 30 of each applicable fiscal year. Accordingly, the initial interim period for which the Company does not intend to file an interim financial report and related MD&A will be for the nine-month period ended April 30, 2026. The Company will continue to file audited annual financial statements (due within 120 days of July 31) and six-month interim financial reports (due within 60 days of January 31), and related MD&A’s. The Company remains committed to timely and transparent disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 – Continuous Disclosure Obligations.

About Visible Gold Mines Inc.

Visible Gold Mines (TSXV: VGD) (FRANKFURT: 3V41) is a mining exploration company focused on acquiring, exploring and developing gold projects in the prolific Abitibi Gold Belt and the James Bay region in the province of Québec.

Forward-Looking Statements

This news release contains statements that may constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, costs, objectives or performance of Visible Gold Mines, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including, if the transaction described in this news release (the “ Transaction ”) will occur, or if does when the closing date will occur, if regulatory approval will be obtained for each of the Company and the Vendor, and if any benefit for the Company's shareholders will occur or what will be the actual benefits the Company will derive from the Property and the Transaction. Forward-looking information is based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Visible Gold Mines’ control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Financial Risks” and “Risk Factors” in Visible Gold Mines’ Annual Report for the fiscal year ended July 31, 2025, a copy of which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. Visible Gold Mines does not intend, nor does Visible Gold Mines undertake any obligation, to update or revise any forward-looking information contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

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

Figure 1: Sakami Property located south of Lux Metals' La Grande deposit and north of Fury Gold's La Pointe deposit.

BOCA RATON, Fla. (AP) — There won’t be millions of people from Curaçao cheering on their national team in the World Cup, because Curaçao doesn’t have millions of people.

Not even close.

Before the tournament even begins, Curaçao has already crafted a story like none other in World Cup history. A tiny island country — autonomous territory, if you prefer — of about 156,000 residents in the Caribbean is now the smallest, both in terms of population and land mass, to make it to soccer’s biggest stage. And if that wasn’t enough, it's doing so under a coach in Dick Advocaat who, at 78, is about to become the oldest the tournament has ever seen.

They know what the world is probably thinking: Their country is too small, their coach is too old, they don’t have a chance.

They heard all that through the qualifying process as well — and here they are.

“We have made history,” Curaçao defender Sherel Floranus said. “We are writing our own history, for this island.”

The way they see it, they’ve already won.

They rolled through qualifying, going 4-0-0 against Haiti, Saint Lucia, Aruba and Barbados in their opening round, then going 3-0-3 against Jamaica, Bermuda and Trinidad and Tobago in the next round to grab their spot — one of three that were available for 32 teams who went to qualifying from North America, Central American and the Caribbean.

Just how small is Curaçao? Its first World Cup stop — a June 14 match against Germany in Houston — is to a city with 15 times as many people as the island. The stadium in Houston could hold about one-half of Curaçao’s entire population.

It has been a perfect storm to get here. First, the three host nations for this World Cup — the U.S., Mexico and Canada — were exempt from qualifying and already were in the tournament field. And this inaugural edition of an expanded 48-team tournament made it inevitable that there would be some surprise teams getting to the World Cup.

Like, for example, Curaçao. Surprise! With odds of +250000 at some sportsbooks, Curaçao is the longest of long shots in the field. And on the island, they do understand the reality of what that means.

“We know there is a big chance that we don’t win the World Cup, but that we (made it) there ... for Curaçao, a very, very, very good moment,” said Remko Bicentini, a former pro player and Curaçao’s former national team head coach. “We are proud of that.

“It is a party for the whole Curaçao. It’s a big level and all the players ... we worked years, for years, for years, very hard to become where we now are.”

The island was part of the Netherlands Antilles until October 2010, when it became a more autonomous “constituent country” of the Netherlands. The Dutch monarchy still reigns, the citizens remain Dutch nationals and the Netherlands government oversees defense and foreign affairs. And this week, Curaçao’s World Cup preparations are happening in the Netherlands — a nine-hour direct flight away, but a place where the team was greeted with “welcome home” signage.

The sense is clearly that the results at the tournament won't mean much. Winning a match would be magical. Tying one would be cause for celebration. Just being there, for those from Curaçao, is a victory in itself.

“I always saw other countries play the World Cup,” said Michael Stokkel, a policeman. “I was a fan of Brazil, but now I will be a fan of my own country. It’s an incredible feeling.”

He’s going to the World Cup, but by himself. It's just too expensive to bring others, he said.

It's not unheard of for athletes from Curaçao to compete on the international stage. The rare part here is that they're doing it actually as “Curaçao.” There have been unsuccessful attempts for the nation to be recognized as its own Olympic team; athletes compete in the Summer Games either for the Netherlands or independent athletes. At the World Baseball Classic earlier this year, players played for the Netherlands.

Ozzie Albies of the Atlanta Braves, a native of Willemstad — the island's capital and biggest city — said his nation getting to the World Cup is "history for the guys and the accomplishment is super special for Curaçao.”

“Soccer has always been a sport we play but never made it to the World Cup," said Albies, one of three Curaçao natives currently on a Major League Baseball roster. "So, to be able to do it is very, very, very special.”

The Dutch are a World Cup contender with their own national team. Curaçao, which will have its base camp at Florida Atlantic University in Boca Raton, Florida, when it shifts its full operation to the U.S. in the coming days, is simply savoring its moment.

“I think it’s been amazing for the whole island,” said Tahith Chong, one of the national team’s top players. “Just seeing how the island has lived with it and just knowing, I think that a lot of people don’t know about Curaçao. It loves football and it’s quite big here. So, to be present this year at the World Cup is obviously something amazing for the island.”

The hope, politically, is that the team will be a unifying force.

At 171 square miles, Curaçao has roughly as much land mass as New Orleans. There are at least 125 U.S. cities with larger populations than the entire island. Its population is about the same as Hollywood — no, not the one in California, but the city in Florida that sits between Miami and Fort Lauderdale.

Curaçao’s Prime Minister, Gilmar Pisas, sees this World Cup as an opportunity. The team known as the Blue Wave — a nod to the shimmering turquoise water that surrounds the island — and blue is a theme for everything in the country, right down to the Blue Curaçao liquor that is popular around the world (even though it has an orange flavor).

For the next few weeks, Pisas wants the nation to be Blue Nation as well.

“We will become part of something larger than ourselves, something that, despite our differences, brings us together,” Pisas said. “We share a single anthem and a single flag ... rather than being divided into separate camps. We are, finally, truly united. It is a project dedicated to the construction of a nation. It acknowledges that your people, and you yourself, are an integral part of this collective mission — the ‘Blue Nation.’”

This will not require Brenton Balentien to change much about his regular day-to-day routine.

If you see a bald, bearded, muscular man with his head and face painted blue for Curaçao games, you’ve likely found Balentien — simply known around the island as “Blue Face.” He’s a longtime soccer fan who took notice of how fans in Brazil, Colombia and other places would show up at matches in wigs and elaborate costumes.

“I said, ‘Curaçao needs that,’” Balentien said. “Curaçao is a very passive island. We watch the games and clap, sure, but we’re not the kind of fans who go out there and scream for the full 90 minutes. And I said, ‘No, we have to change that.’”

So, in 2015, Blue Face — someone who began chanting in largely empty stadiums and now has a huge following — was born. He applies the paint himself before every match. He’s basically a national mascot; a bartender, influencer and event organizer in real life, a soccer superfan when the paint comes out. He’s become a motivational speaker, someone whose home overlooking Willemstad has Curaçao’s flag waving in the wind and whose car has two more flags attached to that.

“We do this for this island,” Balentien said, “so the world knows who we are.”

If the world doesn’t know yet, they’ll see soon enough.

Curaçao, currently ranked No. 82 in FIFA’s global rankings, opens World Cup play against global power and 10th-ranked Germany. It then plays No. 23 Ecuador in Kansas City on June 20 and finishes group stage play against No. 34 Ivory Coast on June 25 in Philadelphia.

It will be underdogs in all three matches, barring something very unusual.

No problem. The Blue Wave is coming, the pressure is off and confidence is high.

“For us, this is the biggest World Cup because our flag will be there in America,” said Ricardo Martinez, a radio broadcaster who calls the matches. “Germany, watch out. Curaçao is coming. We are small — but giants in the World Cup.”

AP Sports Writer Charles Odum in Atlanta and AP video journalist Juan Arraez in Willemstad, Curaçao, contributed to this story.

AP World Cup: https://apnews.com/hub/fifa-world-cup

Inter Willemstad and Centro Dominguito play a local league soccer match in Willemstad, Curacao, Friday, May 15, 2026. (AP Photo/Matias Delacroix)

Children train at the C-Stars United soccer academy in Willemstad, Curacao, Friday, May 15, 2026. (AP Photo/Matias Delacroix)

Commuters drive past a billboard displaying the Curacao national soccer team in Willemstad, Curacao, Friday, May 15, 2026. (AP Photo/Matias Delacroix)

People play soccer in Willemstad, Curacao, Saturday, May 16, 2026. (AP Photo/Matias Delacroix)

Brenton Balentien, known as Blue Face, a leader of soccer fans of Curacao's national soccer team, cheers in Willemstad, Saturday, May 16, 2026. (AP Photo/Matias Delacroix)