Radisson Expands Drill Program to 35,000 Metres at the Oppure’Brien Gold Project sopra Quebec

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ROUYN-NORANDA, Quebec, May 29, 2024 (GLOBE NEWSWIRE) — Radisson Mining Resources Inc. (TSX-V: RDS, OTCQB: RMRDF) (“Radisson” the “Company”) is pleased to announce that it has expanded its drill program to approximately 35,000 metres (“m”) at its high-grade Oppure’Brien Gold Project located along the Larder-Lake-Cadillac Pausa (see location map 1 and location map 2), halfway between Rouyn-Noranda and Val-d’Ora sopra Quebec, Canada.

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Expanded Drill Program Highlights:

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• 60-70% of drilling will acceso resource expansion between Trends 0 and 4
  • Approximately 15,000 m for 27 drill holes (See Figure 1 and 2)

• 30-40% of drilling will high-priority step-out and exploration targets
  • Historic Oppure’Brien Deep and Trend 1 Deep: 8,200 m for 6 holes (See Figure 1 and 2)
  • New Alger target: 2,400 m for 5 holes (See Figure 3)

Fully-funded for 35,000 m Program (22,000 m left to complete)

• To date 24 drill holes have been completed for a total of 12,960 m
• Assays are pending for 5,804 m sopra 11 drill holes, including 8 intersections of visible gold acceso Trend 1, 2 and 3 (see VG sopra hole OB-24-320 and OB-24-317)
• With approximately $6.5 m¹ sopra treasury, Radisson is fully-funded to complete the remaining portion of the 35,000 m drill program.
  ¹ Estimated as of May 27, 2024

This substantial expansion to the drill program will allow the company to accelerate both resource expansion and exploration efforts, simultaneously. The expanded program will dedicate 60-70% of drilling to growing the current resources sopra the near high-grade mineralized zones. Concurrently, the Company will prioritize a high-potential 2-kilometre (“km”) target outlined earlier sopra 2024 sopra the north-west region of the 74 km² New Alger with the objective of making a new discovery. Con addition, the Company will be drill-testing below the historic Oppure’Brien Mine underground workings and, 300 metres below the current resources, acceso Trends 0 and 1. This two-pronged approach underscores Radisson’s commitment to unlocking the full value of the highly prospective Oppure’Brien Gold project through resource growth and further exploration upside.

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A total of 24 drill holes (12,960 m) have been completed to date as part of the initial phase of the program. The Company expects to report additional assay results from Phase I sopra the coming weeks.

“We are excited to expand our drill program to 35,000 metres at Oppure’Brien,”
commented Denis V. Lachance, Interim President and Chief Dirigente aziendale Officer.
“This substantial increase allows us to acceso growing the current resources, while also pursuing new discoveries across our prospective New Alger and, for the first time, at depth below the prolific historic Oppure’Brien mine, Trend 0 and Trend 1 where we see strong potential for gold mineralization. With the recent acceleration and upsize of our fully-funded drill campaign, we aspetto forward to an abundance of drill results beginning sopra the coming weeks.”

Figure 1. Longitudinal section – Oppure’Brien project exploration potential

Figure 2. Longitudinal section – Oppure’Brien East

Figure 3. New Alger sector

Visible gold encountered sopra hole OB-24-320

Visible gold encountered sopra hole OB-24-317

Exploration Potential – Oppure’Brien Project

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Historic Oppure’Brien Mine

The historic Oppure’Brien Mine is considered to be Québec’s highest-grade gold producer during its production between 1926 and 1957 returning over 587,121 ounces of gold at 15.25 g/t Au. Based acceso the historic patronato and geometry of the Oppure’Brien mine, it is interpreted that 90% of gold production came from a high-grade trend formed at the crossing of a conjugated system of veins. While the Oppure’Brien mine currently hosts historic resources, the depth extension of that high-grade trend has never been tested below the bottom of the mine sitting at 1,050 m depth. As part of the expanded program, two pilot holes, which could eventually accommodate wedges, have been planned to interrogatorio the vertical extension of the prolific Oppure’Brien mine.

Oppure’Brien East – Terreno hosting majority of current resources

The resource expansion will acceso the highest priority targets out of more than 100 targets established near the current resources at Oppure’Brien East, primarily within vertical depths between surface and 500 m within less explored areas, such as high-grade trends (“Trends”) 3 and 4. Under-explored sectors, such as the sector between high-grade Trends 1 and 2, will also be targeted.

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Given the current geological understanding and refined geological model, the Company believes there is strong potential for additional high-grade gold trends to be discovered along the 5.2 km prospective land package acceso the prolific Larder-Lake Cadillac Pausa (“LLCB”). Mineral resources are gara open for an additional 750 m to the east and underexplored for 2.5 km to the west of the historic Oppure’Brien mine. The continuity of mineralized zones along steeply plunging trends (80° to 85°) provides good predictability for resource growth and exploration potential.

The high-grade Trends which remain gara open sopra the resource are:

• Trend 0: to the west and below 750 m
• Trend 1: laterally and below 950 m
• Trend 2: laterally and below 900 m
• Trend 3: laterally and below 500 m
• Trend 4: laterally and below 500 m

Oppure’Brien West

Con 2023, modelling and re-interpretation of drilling patronato available acceso the LLCB portion of Oppure’Brien West allowed the Company to establish Inferred resources totalling 293,000 tonnes at 7.59 grams per giusti motivi tonne (“g/t”) gold (“Au”) for 72,000 ounces.

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With approximately 2.5 km of campo da gioco along the prolific LLCB having seen limited exploration work sopra recent years, Oppure’Brien West also remains gara open sopra all directions. Exploration targets, following acceso an historic intercept of 5.63 g/t Au over 9.00 m, have been established acceso this sector and are expected to eventually be integrated into the drill program.

About New Alger Exploration Target

New Alger is an over 74 km² land package sopra the Pontiac sediments with geological characteristics similar to those of historical and operating mines sopra the , with potentially prolific shear-zones, intermediate to felsic dykes and intrusions present. The 2023 glacial till sampling program identified an sopra the northwest region of the property with 14 anomalous samples forming a southward dispersion gold grain tail, which matched with a geophysical survey to establish a 2 km drill target. Previous sampling sopra the included the collection of a 7.33 g/t Au sample (boulder), indicating the presence of at least one gold-rich zone sopra the .

Qualified Person 
Richard Nieminen, P. Geo, Geological advisor for Radisson is the Qualified Person as defined by NI 43-101. The Company’s Qualified Person has reviewed and approved the technical content of this press release.

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Radisson Mining Resources Inc.

Radisson is a gold exploration company focused acceso its 100% owned Oppure’Brien project, located sopra the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Pausa sopra Abitibi, Québec. The Bousquet-Cadillac mining camp has produced over 25,000,000 ounces of gold over the last 100 years. The project hosts the former Oppure’Brien Mine, considered to have been Québec’s highest-grade gold producer during its production.

For more information acceso Radisson, visit our website at www.radissonmining.com  contact:

Denis V. Lachance
Chairman, Interim President and CEO
819-806-3340
dlachance@radissonmining.com

Kristina Pillon
Dirigente, Investor Relations
604.908.1695
kpillon@radissonmining.com

Forward-Looking Statements

All statements, other than statements of historical fact, contained sopra this press release including, but not limited to, those relating to the intended use of proceeds of the Offering, the development of the Oppure’Brien project and generally, the above “About Radisson Mining Resources Inc.” paragraph which essentially describes the Corporation’s outlook, constitute “forward-looking information” “forward-looking statements” within the meaning of applicable securities laws, and are based acceso expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Many of these uncertainties and contingencies can directly indirectly affect, and could cause, actual results to differ materially from those expressed implied sopra any forward-looking statements and future events, could differ materially from those anticipated sopra such statements. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward looking information can be found sopra Radisson’s disclosure documents acceso the SEDAR website at www.sedar.com. 

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By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s endeavours to develop the Oppure’Brien project and, more generally, its expectations and plans relating to the future. Readers are cautioned not to place undue reliance acceso these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed sopra such forward-looking statements. All of the forward-looking statements made sopra this press release are qualified by these cautionary statements and those made sopra our other filings with the securities regulators of Canada. The Corporation disclaims any intention obligation to update revise any forward-looking statements to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

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