#Canada #Vancouver #1911 Gold #True North Project #PEA Disclosure

1911 Gold Corporation Issues Important Clarifications

In a significant development for investors and stakeholders, 1911 Gold Corporation has recently issued a statement clarifying its previous disclosures regarding the preliminary economic assessment (PEA) for its True North Gold Project in southeastern Manitoba, Canada. This release follows a review by the British Columbia Securities Commission (BCSC), prompting the company to revisit and correct aspects of its earlier announcement dated February 10, 2026.

The Importance of Compliance

The original February announcement included results from the PEA and concluded certain aspects of its economic viability. However, the BCSC flagged several of these statements as misleading. Specifically, language used in the release suggested that the results of the PEA were not of a preliminary nature and implied a higher certainty regarding mineral viability than warranted. This has been a crucial point for the company, as clarity and compliance with National Instrument 43-101 (NI 43-101) are paramount for investor trust and adherence to regulatory standards.

Key Retractions and Clarifications

1911 Gold has retracted several statements from the February release that incorrectly indicated that a production decision had been made and that the True North Project achieved confidence levels consistent with a pre-feasibility or feasibility study (PFS/FS). The company clarified that a PEA is essentially a conceptual study and not a definitive way to assert the viability of a mining project, particularly because it includes inferred resources that do not yet fulfill the criteria to be classified as reserves.

The company's leadership emphasized that the results from the PEA should not be viewed as guarantees of future performance, and investors are urged to exercise caution. As the exploration endeavors continue, it remains uncertain if these PEA results will materialize as anticipated.

Moving Forward: Updated Reports and Materials

To address these discrepancies, 1911 Gold is actively amending its technical report, corporate communications, and various investor materials. This aims to eliminate misleading information and maintain clarity for current and potential investors. The updated technical documentation will be filed on SEDAR+, which provides a reliable source of information compliant with NI 43-101 standards.

Additionally, the company's communications strategy will ensure continual engagement with First Nation communities, emphasizing cooperative relationships as they work towards restarting operations in 2027. The True North Project is situated within territories inhabited by the Hollow Water First Nation and Black River First Nation, underscoring the company’s commitment to sustainable and respectful mining practices.

Expert Oversight and Company Vision

Michele Della Libera and Seok Joon Kim, both qualified professionals according to NI 43-101, have overseen the preparation of this information, ensuring that technical data adheres to industry standards. Their guidance reflects the organization’s broader vision, which is oriented towards establishing a district-scale gold mining operation that minimizes development risks while ensuring responsible mining practices.

The commitment to environmental and social governance principles further strengthens 1911 Gold’s position in the competitive mining landscape. As they continue to explore the True North Project, the company is keen on delivering value to its stakeholders and fostering a transparent relationship with the local communities involved.

Closing Thoughts

As the mining sector recuperates from the challenges posed by unpredictability and regulatory scrutiny, the proactive measures taken by 1911 Gold Corporation signal its dedication towards building a trustworthy reputation and a sustainable future. Investors are encouraged to stay informed through reliable channels and participate in the unfolding journey of this promising gold exploration venture.