1911 Gold Files NI 43-101 PEA Technical Report for the True North Gold Project
Press Release
Vancouver, British Columbia, March 27, 2026 – 1911 Gold Corporation (“1911 Gold” or the “Company”) (TSXV: AUMB; OTCQX: AUMBF; FRA: 2KY) is pleased to announce that, further to the press release dated February 10, 2026, it has filed a Preliminary Economic Assessment (“PEA”) Technical Report for the 100%-wholly owned True North Gold Project (“True North”, which includes the mine and mill complex), located in southeastern Manitoba, Canada.
The technical report was prepared by AMC Mining Consultants (Canada) Ltd., in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, and the “Qualified Persons”, as referenced in the technical report, have the ability and authority to verify the authenticity and validity of this data and are independent from the Company.
The technical report titled “1911 Gold True North PEA”, dated March 27, 2026, with an effective date of February 10, 2026, has been filed on SEDAR+ at www.sedarplus.ca, and is also available on the Company’s website at www.1911Gold.com.
True North PEA
The PEA outlines a robust gold mining operation utilizing the fully built and permitted infrastructure, including shafts, underground workings, and the processing and tailings management facility. 1911 Gold has estimated the infrastructure replacement value as being in excess of $400 million, providing a low capital requirement and a high profitability index of 6.6. The plan outlines an economic base-case production restart strategy (at a gold price of US$3,000 per ounce) outlining initial steady-state production of 58,114 ounces per annum with a mine life of 11 years.
Qualified Person Statement
The scientific and technical information contained in this news release has been reviewed and approved by Michele Della Libera, P.Geo., Vice President of Exploration, and Seok Joon Kim, P.Eng., Chief Engineer of 1911 Gold, who are Qualified Persons within the meaning of NI 43-101.
About 1911 Gold Corporation
1911 Gold is an advanced gold explorer and developer focused on its 100%-owned True North Gold Project in the Archean Rice Lake Greenstone Belt in Manitoba, Canada. The Company controls a large, highly prospective ~62,000-hectare land package with numerous past-producing gold operations within trucking distance of the fully built and permitted True North mine and mill complex. 1911 Gold is positioning itself to restart operations in 2027 and offers a unique, near-term production opportunity with significant exploration upside. The strategy is to build a district-scale gold mining operation around a central, and readily expandable infrastructure complex to support a socially and environmentally responsible, long-term mining operation with little development risk and a growing mineral resource base.
1911 Gold’s True North complex and the exploration land package are located within and among the First Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, cooperative, and respectful communications with all of our local communities and stakeholders to foster mutually beneficial working relationships.
ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO
For further information, please contact:
Shaun Heinrichs
Chief Executive Officer
(604) 674-1293
ir@1911gold.com
www.1911gold.com
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