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Giant Mining Corp. has entered into an option agreement dated April 21, 2026 that gives it the right to earn up to a 100% interest in the Redhill Property in the Ashcroft area of British Columbia, within the Kamloops Mining District.
Under the agreement, Giant Mining will work with vendors Homegold Resources Ltd., Johan Thom Shearer Ltd., and Bessor Minerals Inc. to earn up to full ownership of the Redhill Property (“Redhill” or the “Property”). The company said the project is a prospective addition to its copper-focused portfolio, citing the property’s location, established mineralization, and historical drilling results.
The Redhill Property is located south of Ashcroft, British Columbia, within the Kamloops Mining District, and is accessible via the Trans-Canada Highway. The property comprises 18 mineral claims totaling approximately 4,736.38 hectares (11,703 acres).
The company reports that the Redhill Property hosts volcanogenic massive sulphide (“VMS”) mineralization. Historical exploration, including work by Teck Resources Limited, identified multiple zones of hydrothermal alteration and copper mineralization. Mineralization is reported to occur within sericite-altered felsic volcanic rocks and includes sulphide assemblages consisting of pyrite, pyrrhotite, and chalcopyrite in stringer and semi-massive sulphide zones.
Giant Mining also notes that geological interpretations for the VMS target area are based on work completed by Teck Resources Limited (Evans, 1999), which identified volcanic sequences designated H1, H2, and H3. The interpretations are supported by subsequent geophysical surveying, including a transient electromagnetic (TEM) survey (Woods, 2006), as well as diamond drilling.
Drilling conducted by Bessor Minerals Inc. in 2022 reported the following drill intercepts:
The company states that the geological setting, combined with historical exploration results, indicates potential for additional mineralization along strike and at depth. It also says the property remains underexplored, with multiple target areas identified for follow-up exploration.
Giant Mining cautions that the historical exploration results referenced in the release were not prepared by the company, and that a Qualified Person has not performed sufficient work to verify such historical information. As a result, readers are cautioned not to rely on these results as an indication of future performance or results. There is also no assurance that further exploration will result in the delineation of mineral resources.
Giant Mining may earn a 100% interest in the Redhill Property by making cash payments and incurring exploration expenditures as follows:
The company says any excess expenditures may be carried forward to subsequent periods. Completion of the transaction remains subject to customary conditions, including regulatory approvals.
Giant Mining engaged Capitaliz Marketing Inc. (“Capitaliz”) to provide investor awareness and digital marketing services, including digital advertising, content development, and coordination with third-party publishers and content creators. The engagement has an initial term of three months anticipated to commence May 4, 2026, continuing month-to-month thereafter. A campaign budget of $200,000 (CAD) has been allocated, payable in cash, with no equity-based compensation, success fees, or performance-based compensation. The company states Capitaliz is at arm’s length to Giant Mining.
The company also engaged Blossom Social Inc. (“Blossom”), described as a mobile app platform and social network for investors. Under the Blossom agreement, Giant Mining will pay C$30,000 plus applicable taxes. The initial term concludes upon reaching the maximum total consideration, with an option to continue thereafter on a month-to-month basis. Giant Mining states Blossom is an arm’s-length party to the company.
The scientific and technical information in the release was reviewed by Larry Segerstrom, MSc (Geology), CPG, a non-independent consulting geologist who is described as a “Qualified Person” under National Instrument 43-101.
Giant Mining is focused on identifying, acquiring, and advancing late-stage copper and copper/silver/gold projects. Its flagship asset is the Majuba Hill Copper-Silver-Gold District, an exploration-stage project located 156 miles (251 kilometres) from Reno, Nevada. The company also holds the Redhill Property, which it says hosts VMS mineralization.
Neither the Canadian Securities Exchange nor its Market Regulator accepts responsibility for the adequacy or accuracy of this release.
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