Contact Lake Deposit

The Contact Lake Gold Project

Saskatchewan, Canada

The Contact Lake Gold Project covers approximately 22,790 hectares and includes the past-producing Contact Lake Gold Mine, operated by Cameco Corporation between 1994 and 1998.

Located in Saskatchewan’s highly prospective La Ronge Gold Belt, the project hosts multiple deposits and targets, including Contact Lake, Preview SW, Preview North, North Lake and the Point target. Together, these provide significant discovery potential across a well-endowed and underexplored gold belt.

The project is located approximately 60 kilometres northeast of La Ronge and benefits from excellent infrastructure, including access via Highway 102 and an all-weather site road, existing powerlines and nearby support from the community of Missinipe.

Historically referred to as the Bakos Gold Zone, the deposit was first identified in 1984 by Saskatchewan Mining Development Corporation, later Cameco Corporation, as part of the Preview Lake Exploration Program. The historic Contact Lake mine produced approximately 190,000 ounces of gold at an average head grade of 6.16 g/t Au during active mining operations.

Exploration Progress

Trident Resources Corp. is advancing a systematic exploration strategy at Contact Lake, with consecutive drill programs in 2025 and 2026 continuing to define the scale, continuity and growth potential of a robust gold system.

2025 Program: Establishing the Foundation

The 2025 drill program comprised 6,838 metres in 19 drill holes and marked the first major modern drilling campaign at Contact Lake. The program was expanded beyond the initial 5,000 metre target based on encouraging visual mineralization.

Key 2025 Highlights

• 7.03 g/t Au over 43.25m from 121.0m (CL25003)
  Including 30.06 g/t Au over 9.25m
• 2.49 g/t Au over 29.61m from 39.26m (CL25002)
  Including 27.09 g/t Au over 2.21m
• 4.43 g/t Au over 39.50m from 329.5m (CL25007)

The 2025 results confirmed high grade mineralization within and around the Bakos Shear and provided important geological insight into areas with limited historical drilling.

2026 Program: Expanding the System

The 2026 winter drill program was designed to build on the 2025 results and test the broader extent of mineralization at Contact Lake. The program was expanded from an initial 10,000 metres to approximately 13,000 metres, with 29 holes completed and additional assays pending. Trident is targeting a total of 30,000 to 40,000 metres of drilling through 2026.

Key 2026 Highlights

• 15.11 g/t Au over 51.83m from 256.00m (CL26036)
  Including 20.69 g/t Au over 28.69m in the Bakos Shear
  Including 1,055.00 g/t Au over 0.50m
• 17.88 g/t Au over 11.25m from 86.00m (CL26042)
  Including 31.36 g/t Au over 6.25m from 91.00m
  Including 42.53 g/t Au over 4.50m from 91.00m
• 5.07 g/t Au over 21.50m from 359.50m (CL26032)
• 4.61 g/t Au over 38.48m from 77.0m (CL26028)
  Including 19.98 g/t Au over 5.15m
• 11.97 g/t Au over 10.70m from 324.3m (CL26025)
  Including 39.26 g/t Au over 2.65m

All holes reported to date from the winter program have intersected gold mineralization, with assays still pending for seven additional drill holes from the Contact Lake program.

A Growing High Grade Gold System

Recent results continue to demonstrate that Contact Lake hosts a laterally and vertically extensive gold system, rather than isolated zones of mineralization. Drilling continues to deliver broad mineralized intervals with well-developed high grade cores, including within the expanding BK3 Zone located east-northeast along strike from the Contact Lake Main Zone.

The latest drilling has also confirmed additional shallow high grade mineralization, highlighting the potential for multiple mineralized shoots and stacked zones within the broader shear system. The consistency of mineralization encountered across the program continues to strengthen the geological model and supports the potential for continued expansion at depth and along strike.

Mineralization remains open in all directions, with the broader system now interpreted to extend across multiple parallel shear zones associated with the Bakos Shear corridor. With a strong treasury, additional assays pending and further drilling planned, Contact Lake is emerging as one of the most active and compelling gold exploration stories in Saskatchewan’s La Ronge Gold Belt.