Canadian GoldCamps Completes Independent NI 43-101 Technical Report for the Mercator Gold Project

Canadian GoldCamps Corp. (CSE: CAMP) (OTC: SMATF) (FSE: A68) has announced the completion of an independent National Instrument 43-101, Standards of Disclosure for Mineral Projects Technical Report, for its Mercator gold and critical minerals project in northeastern Québec. This completion is a significant corporate milestone, fulfilling a regulatory requirement following the company's option agreement on the project.

The Technical Report covers 574 mineral claims totaling approximately 292.08 km². Independent Qualified Persons have concluded that Mercator is a property of merit warranting continued exploration. Historical work includes geophysics, geological mapping, surface sampling, till geochemistry, and 1,937 meters of diamond drilling. The report recommends a phased advancement strategy, including a 5,000-meter drill program.

The report independently concludes that Mercator is an early-stage gold project with compelling exploration potential. Gold mineralization is associated with sulphide-bearing banded iron formations, and multiple prospective zones remain open for expansion. The authors recommend a systematic exploration approach integrating geological modelling, target generation, field validation, and drilling to define the continuity and scale of the mineralized system.

George Yordanov, CEO of Canadian GoldCamps, stated, “The completion of this independent Technical Report is a defining milestone for Canadian GoldCamps. Beyond satisfying an important regulatory requirement, it establishes the technical foundation for the next stage of the Company's evolution. We can now accelerate the execution of our corporate development plan, pursue strategic financing opportunities, evaluate additional high-quality mineral project acquisitions and continue advancing Mercator with the confidence that comes from an independent technical assessment of the project.”

The Technical Report was prepared by Marty G. Henning, P.Geo., and Michel Boily, Ph.D., P.Geo., who are Independent Qualified Persons as defined by NI 43-101. The scientific and technical information in this news release has been reviewed and approved by Marty G. Henning, P.Geo.