Surface Metals Adds Acreage at Cimarron Gold Project Ahead of First Drill Programme in Nevada

• Surface Metals staked 38 unpatented lode claims adjacent to Cimarron, bringing the total to 69 claims covering approximately 1,079 acres in Nye County, Nevada.
• The project database contains 234 historical drill holes totalling roughly 18,066 metres, with nearly 30% of shallow holes ending inside active mineralisation.
• Historical drilling has returned intercepts including 32.01 metres at 2.23 g/t gold, 56.39 metres at 0.52 g/t gold, and individual results as high as 60.7 g/t gold.
• A pre-NI 43-101 historical estimate indicates the project area holds more than 50,000 ounces of gold, pending independent verification and modern resource assessment.
• The company is preparing a maiden drill programme for 2026, guided by 3D modelling of historical data and aimed at confirming and expanding known gold zones.

Surface Metals Inc. (CSE: SUR | OTCQB: SURMF | FSE: V6X) is a Vancouver-based mineral exploration company with a portfolio of gold and lithium projects in Nevada. Its flagship asset is the Cimarron Gold Project in Nye County. The company also holds the Clayton Valley Lithium Brine Project, which carries an inferred resource of approximately 302,900 tonnes of lithium carbonate equivalent (LCE) adjacent to Albemarle's Silver Peak Mine, and a sedimentary claystone lithium project in Fish Lake Valley, Nevada.

Land Position Expansion Through Strategic Staking at Cimarron Gold Project

Surface Metals has added 38 unpatented lode claims through its wholly owned subsidiary, Surface Metals US Inc., directly adjacent to its existing Cimarron ground in Nye County, Nevada. The total land package now stands at 69 unpatented lode mining claims covering approximately 1,079 acres near the historic San Antonio Mine workings. The project is located at the northern end of the San Antonio Mountains, roughly 29 kilometres north of Tonopah.

The staking takes place ahead of a planned drill programme, extending the company's boundary into ground adjacent to areas of known historical activity. The expanded footprint provides additional room to test mineralisation beyond the previously held claim boundaries.

The San Antonio (Cimarron) Mining District has a documented production history from the early 1900s through the 1940s, with renewed activity during the 1980s involving major producers including Newmont and Echo Bay, the latter subsequently acquired by Kinross Gold. Surface Metals' expanded land position includes ground adjacent to those historical workings.

Historical Drilling Database and Resource Estimate

The company has validated and digitised a database of 234 historical drill holes totalling approximately 18,066 metres across the Cimarron project area. Nearly 30% of these primarily shallow holes terminate within mineralisation, indicating the known gold zones extend beyond the depths previously tested. The drilling also shows the gold system is open along strike in multiple directions, with three main mineralised zones currently isolated from one another and potential for these to connect at depth.

Historical intercepts include 32.01 metres grading 2.23 g/t gold and 56.39 metres grading 0.52 g/t gold, alongside individual high-grade results reaching 60.7 g/t gold. These results were generated by previous operators and have not been independently verified by Surface Metals under current industry standards.

A historical resource estimate prepared by Peter Hahn of Budge Mining Ltd. in February 1987 indicated the project area holds more than 50,000 ounces of gold. This estimate predates National Instrument 43-101 (NI 43-101), the current Canadian standard for disclosing mineral resources, and has not been classified as a current mineral resource by a qualified person. Surface Metals states that additional drilling and verification work is required before the estimate can be confirmed or upgraded, and that the historical data is being used to guide future exploration planning.

Planned Maiden 2026 Drill Programme and Geological Setting

Surface Metals is preparing its first drill programme at Cimarron for 2026, based on new technical work completed in 2025, including 3D modelling of the historical drilling database. The programme will target high-priority zones identified through that modelling, with the stated objectives of confirming the historical resource estimate and expanding the known gold mineralisation.

The Cimarron project is situated within Nevada's Walker Lane Belt, which hosts several gold deposits and operations including Bullfrog, Goldfield, and Rawhide. Within 45 kilometres to the northeast are the Manhattan gold deposit and the Round Mountain mine, where more than 15 million ounces of gold have been produced. Mineralisation at Cimarron is interpreted as a shallow, low-sulphidation oxide gold system with structural control, hosted in silicified and brecciated Oligocene volcanic rocks.

Low-sulphidation oxide systems are characterised by gold deposited in near-surface volcanic environments, often at relatively shallow depths. At Cimarron, the three main zones identified through historical drilling remain open both at depth and along strike, which forms the basis for Surface Metals' planned 2026 drill targets.

Conclusion

With its expanded land position in place, Surface Metals' next stated milestone is the commencement of the maiden drill programme at Cimarron in 2026. Programme results are intended to determine whether the historical resource estimate can be confirmed and whether known gold zones can be extended. A successful outcome could support advancement towards a compliant resource estimate under NI 43-101. Investors should monitor further announcements on programme timing, target finalisation, and initial assay results.

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