Olympio Metals Ltd (ASX:OLY) High-Grade Gold up to 12.2 G/T Intersected in Multiple Structures at Bosquet

6 January 2026

Price Sensitive Announcement $

Highlights:

• Final assay results received for preliminary drill program at Bousquet Gold Project.

  New high-grade results include:
  o 1.30m @ 12.2 g/t Au from 218.2m (BO-25-53)
  o 1.45m @ 2.04 g/t Au from 270.9m (BO-25-55)
  o 3.00m @ 2.21 g/t Au from 24.35m (BO-25-57)
  o 1.50m @ 4.22 g/t Au from 92.5m (BO-25-57)
  o 4.30m @ 0.98 g/t Au from 70.15m (BO-25-59)

• At CB-1 Target, hole BO-25-53 intersected 1.3m @ 12.2 g/t Au from 218.2m in a new zone
• This intercept represents third fertile structure, separate to original intercept of 2.9m @ 5.7g/t Au from 63.26m (drillhole CB-1) and recent intercept of 2.70m @ 1.49 g/t Au from 289.50m in BO-25-54 (see Table 3)
• Final three holes south of Paquin confirm a large system with gold-bearing structures over 100m down hole with grades up to 4.22 g/t (BO-25-57) and thin cover (~10m)
• Paquin conceptual structural model shows en-echelon gold lode array, along a 1.3km trend, with all lodes open down-dip and along strike demonstrating the Paquin/Amadee trend is a large mineralised system
• Bousquet Gold Project located on Cadillac Break in Quebec, Canada, a regional structure associated with world-class gold mines (>110 Moz Aui)
• Situated within 15km of multi-million ounce working gold mines (Agnico Eagle’s La Ronde – 15.8Moz Auii and Iamgold’s Westwood – 2.4Moz Auiii)

Overview:

Olympio Metals Limited has announced further assay results for the Bousquet Gold Project, with assays received for the final six drillholes from Olympio’s first drilling program. Results for the CB-1 target returned a highgrade gold intercept of 1.3m @ 12.2 g/t Au from 218.2m (BO-25-53). This intercept represents a third fertile structure, separate to the ones seen in the original intercept of 2.9m @ 5.7g/t Au from 63.26m (CB-1) and recent intercept of 2.70m @ 1.49 g/t Au from 289.50m in BO-25-54 (see announcement 28th October 2025).

The results for the final three holes at Paquin (BO-25-57 to 59) have confirmed a broad goldbearing structural zone with gold zones over 100m downhole with grades up to 4.22 g/t Au starting from 24m downhole (Table 3). The thin cover (~10m) and continuity of the Main Lode structure down to ~150m vertical and ~220m along strike, shows the potential of the en-echelon lode arrays to produce significant mineralisation (Figure 4).

With over 1.3 km of east-west trending lodes tested to-date to only 60m vertical at Amadee and 150m vertical at Paquin, the Paquin/Amadee system is emerging as a large gold system (Figure 4).

The Olympio geology team will use these results to review and refine the geological model.

Follow-up drill planning is well underway and will mobilise once planning and approvals are complete.

Olympio has the option to acquire an 80% interest in the Bousquet Project in Quebec from Bullion Gold Resources for total payment of C$1.25M (cash and shares) and an exploration investment of C$2M. Olympio has made payments of C$0.30M (cash and shares) to date and
completed exploration spend of nearly C$1.0M. Bullion will retain a 20% undivided interest (net carried interest) in this project.

CB-1 Target

The recent results from the CB-1 Target have indicated another significant gold lode occurs to the north of the original CB-1 intercept. BO-25-53 has intersected 1.3m @ 12.20 g/t Au from 218.2m which sits just above the contact with a sheared talc schist unit (Figure 3). This is an
additional intercept to the original intercept of 2.9m @ 5.7g/t Au from 63.26m (CB-1) and the anomalous results seen in BO-25-54 (see Table 3).

This demonstrates that the CB-1 Target has at least three fertile structures identified from early stage testing. The geology team will assess the structural data from these intercepts and plan a follow-up drill program for 2026.

Paquin Prospect
The latest results from the Paquin Prospect have provided further insight to the structural controls on gold mineralisation. The results for the final three holes at Paquin (BO-25-57 to
BO-25-59) have confirmed a broad gold-bearing structural zone over 100m downhole with grades up to 4.22 g/t Au starting from 24m downhole. See detailed intercepts for all holes drilled in Table 3. The thin cover (~10m) and continuity of the Main Lode structure down to ~150m vertical and ~220m along strike, shows the potential of the en-echelon lode arrays to produce significant mineralisation (Figure 4).

BO-25-59 was drilled over 90m on the margins of the up-plunge position of the preliminary high-grade intercepts and visible gold with 6.40m @ 6.54 g/t Au from 183m in BO-25-27 and 7.90m @ 6.20 g/t Au from 138m in BO-25-28 (see Table 3). These latest results indicate that the down-plunge position is highly prospective for high-grade gold mineralisation and is open at depth.

The preliminary drill program has provided structural data that supports the conceptual structural model for Paquin. The model has indicated several gold-bearing structures with a
strike of ~3100 in an east-west trending en-echelon vein array. These individual lodes have a steep plunge to the north-west and most are untested below 60m depth at Amadee and below 150m depth at Paquin.

The geology team will continue to analyse and incorporate these results into the current conceptual model and finalise the follow-up program for Paquin. The next program will target
the plunge direction of the main gold lode at Paquin and define its dimensions and grade continuity.

The Next Steps

With the final assays received, a detailed review of the three prospects and two targets that were drill tested in the preliminary drill campaign at the Bousquet Gold Project will be finalised.

Preliminary analysis has indicated the Paquin Prospect has steeply plunging high-grade gold lodes. A follow-up drill program to test the dimensions of the main high-grade lode will now be planned.

The Company is also generating exciting targets to the north of the Cadillac Break for regional exploration.

Company Notes:

Olympio’s Managing Director, Sean Delaney, commented:
“We are excited to see the final drill results for the preliminary drill program at the Bousquet Gold Project. The program has given us a much greater understanding of the structural controls on gold mineralisation at the Paquin Prospect and gives us confidence that the Bousquet Project is host to a large gold system.

Our geology team is now well-positioned to efficiently test 1.3km of the east-west trending mineralised zone which extends from Paquin to the Amadee Prospect.

Full ASX Announcement: https://hotcopper.com.au/threads/ann-high-grade-gold-up-to-12-2g-t-in-multiple-structures.8965525/