Scottie Resources Files PEA for Scottie Gold Mine Project
December 8, 2025
Vancouver, British Columbia--(Newsfile Corp. - December 8, 2025) - Scottie Resources Corp. (TSXV: SCOT) (OTCQB: SCTSF) (FSE: SR80) (" Scottie " or the " Company ") is pleased to announce The Company has filed on SEDAR+ the Preliminary Economic Assessment ("PEA"), previously announced on October 28, 2025 and completed by Tetra Tech Canada, Inc. (" Tetra Tech ") for the Scottie Gold Mine project in British Columbia, Canada.
The Report, entitled "Preliminary Economic Assessment for the Scottie Gold Mine Project" was independently prepared by Tetra Tech of Vancouver, BC, Canada in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and has an effective date of October 28, 2025. All dollar ($) amounts in this news release are in Canadian dollars ($) unless otherwise indicated. Scottie Gold Mine Preliminary Economic Assessment Base Case assumes a gold price of US$2600/troy ounce ("oz") and a US$/CAD$ exchange rate of 0.72:1.00.
- Robust Direct-Ship Ore ("DSO") development scenario with strong economics and leverage to current gold prices
- After-tax NPV(5%):
- $215.8M at US$2,600/oz gold
- $668.3M at US$4,200/oz gold
- Optional toll-milling scenario utilizing potential excess mill capacity at Premier could significantly enhance value (no agreement currently in place)
- After-tax NPV(5%) increases to:
- $380.1M at US$2,600/oz gold
- $831.7M at US$4,200/oz gold
- Initial capital cost: $128.6M
- Average annual production: ~65,400 oz gold over a 7-year mine life
- After-tax payback period:
- 1.7 years (standalone DSO case at US$2,600/oz gold)
- 0.9 years under the toll-milling scenario at US$2,600/oz gold
The PEA and summary above, is preliminary in nature and includes the use of inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable then to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.
Qualified Persons
The Independent Qualified Persons, as defined in NI 43-101 for the PEA are Hassan Ghaffari, P. Eng., M.A.Sc., Jianhui (John) Huang, PhD, P. Eng. from Tetra Tech, and Damian Gregory, P. Eng. from Snowden Optiro, and Sue Bird, P. Eng. from Moose Mountain Technical Services.
Dr. Thomas Mumford, P.Geo., President of the Company and a non-independent qualified person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of the Company.
ABOUT SCOTTIE RESOURCES CORP.
Scottie Resources holds 100% interest in the Scottie Gold Mine Property, which includes the high-grade, past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone. The Company also owns a 100% interest in the Georgia Project, host to the past-producing Georgia River Mine, as well as the Cambria, Sulu, and Tide North properties. In total, Scottie controls approximately 58,500 hectares of highly prospective mineral claims within the Stewart Mining Camp in British Columbia's Golden Triangle -one of the world's most prolific mineralized districts.
Scottie's current resource estimate on the Scottie Gold Mine Project includes a total of 703,000 gold ounces at an average grade of 6.1 g/t (Inferred category), highlighting the potential for a significant nearsurface, high-grade deposit. The Company's strategy is to continue expanding this resource and to define additional mineralization around past-producing mines through systematic drilling and surface exploration.
In parallel, Scottie is evaluating a potential Direct Shipping Ore (DSO) scenario at the Scottie Gold Mine. With permits in hand, a 10,000-tonne bulk sample is underway. This initiative provides an opportunity to collect key geotechnical and metallurgical data while assessing a low-capex path to potential near-term revenue through toll milling or third-party processing. This DSO concept does not imply a production decision but reflects the optionality embedded in Scottie's portfolio.
Additional Information
Brad Rourke Chief Executive Officer +1 250 877 9902
Neither the TSX Venture E xchange nor its R egulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward-Looking Statements
This news release contains "forward-looking statem ents" within the m eaning of C anadian securities legislation. T hese include, without lim itation, statem ents with respect to: the econom ics and project param eters presented in the P E A, including IR R , AISC , N P V, and other costs and econom ic inform ation; possible events, conditions or financial perform ance that is based on assum ptions about future econom ic conditions and courses of action; the strategic plans, tim ing, costs and expectations for the C om pany's future developm ent and exploration activities on the Scottie G old M ine Property, including m etallurgical test, m ineralization and resource estim ates and grades for drill intercepts, perm itting for various work, and optim izing and updating the C om pany's resource m odel and preparing a feasibility study; inform ation with respect to high grade areas and size of veins projected from underground sam pling results and drilling results; and the accessibility of future m ining at the Scottie G old M ine P roperty. Such forward-looking statem ents or inform ation are based on a num ber of assum ptions, which m ay prove to be incorrect. Assum ptions have been m ade regarding, am ong other things: the reliability of m ineralization estim ates, the conditions in general econom ic and financial m arkets; availability and costs of m ining equipm ent and skilled labour; accuracy of the interpretations and assum ptions used in calculating resource estim ates; operations not being disrupted or delayed by unusual geological or technical problem s; ability to develop and finance the Scottie G old M ine P roject; and effects of regulation by governm ental agencies. The actual results could differ m aterially from those anticipated in these forward-looking statem ents as a result of risk factors including: fluctuations in precious m etals prices, price of consum ed com m odities and currency m arkets; uncertainty as to actual capital costs, operating costs, production and econom ic returns, and uncertainty that developm ent activities will result in profitable m ining operations; risks related to m ineral resource figures being estim ates based on interpretations and assum ptions which m ay result in less m ineral production under actual conditions than is currently estim ated; the interpretation of drilling results and other geological data; receipt, m aintenance and security of
perm its and m ineral property titles; environm ental and other regulatory risks; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. Forward-looking statem ents are based on the expectations and opinions of the C om pany's m anagem ent on the date the statem ents are m ade. T he assum ptions used in the preparation of such statem ents, although considered reasonable at the tim e of preparation, may prove to be im precise and, as such, readers are cautioned not to place undue reliance on these forward-looking statem ents, which speak only as of the date the statem ents were m ade. T he C om pany undertakes no obligation to update or revise any forward-looking statem ents included in this news release if these beliefs, estim ates and opinions or other circum stances should change, except as otherwise required by applicable law.
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