Beauce Gold Fields Expands Quebec Phosphate Initiative with France Property Acquisition

Montreal, Quebec — May 6, 2026 — Leads & Copy — Beauce Gold Fields (BGF) has acquired a 100% interest in the France Phosphate Property, located in the Lac-Saint-Jean region of Québec. The France Property is adjacent to the eastern boundary of BGF’s CH-98 Phosphate Property.

The acquisition creates a continuous block of 102 claims, totaling 5,665 hectares, strengthening BGF’s land position within the Lac-Saint-Jean anorthosite complex. This complex is considered one of North America’s premier phosphate districts.

Patrick Levasseur, President and CEO of Beauce Gold Fields, said the France Property acquisition is a strategic expansion of their Québec Phosphate initiative. He added that consolidating a continuous land position adjacent to CH-98 is building scale in one of Canada’s most important phosphate districts. Levasseur also noted the presence of widespread apatite mineralization at the surface, combined with encouraging grades and favorable geology, strengthens their confidence in the district’s potential. The company aims to advance near-surface targets that could contribute to secure North American phosphate supply chains.

The France Property comprises 10 map-designated exploration claims (DEE) and hosts phosphate mineralization identified through historical work and recent prospecting programs.

Technical highlights of the France Property include:

• Phosphate Grades: Historical and recent sampling has returned values ranging from approximately 2.1% to 9.1% P₂O₅.
• Recent Sampling Results: Prospecting work returned values up to 7.13% P₂O₅, with several samples in the 4%–6% P₂O₅ range.
• High Apatite Content: Outcrops commonly contain 5% to 10% apatite, with localized zones and quarry material grading 15% to 20% apatite.
• Favorable Host Lithologies: Mineralization hosted in ferro-norite, anorthosite, and ultramafic units typical of phosphate-bearing systems in the region.
• Magnetic Targets: North-south trending magnetic anomalies interpreted to reflect oxide-rich and apatite-bearing units.

Apatite-bearing material was observed in road construction aggregate sourced locally, indicating widespread near-surface phosphate mineralization across the property.

As consideration for the acquisition, BGF incurred $20,000 in exploration expenditures on the France Property. The vendor is arm’s length to the Company.

Previous work on the CH-98 Phosphate Property confirmed up to 8.07% P₂O₅ in rock samples and the production of 38.9% P₂O₅ apatite concentrate with 93.4% recovery through conventional flotation.

By consolidating both properties, Beauce Gold Fields enhances its ability to trace favorable phosphate-bearing lithologies across a broader area, apply integrated geophysics and geological modeling at the district scale, and identify and prioritize near-surface targets with potential for development.

The company plans to advance the France Property through detailed geological mapping and prospecting, channel sampling of apatite-rich outcrops, high-resolution magnetic surveys to delineate favorable units, and mechanical stripping and washing to expose mineralized zones. These programs will be integrated with ongoing exploration at CH-98 to evaluate the scale and continuity of phosphate mineralization across the combined property.

The CH-98 property is located within the traditional territory of the Pessamit Innu First Nation. The company said it is committed to fostering respectful, transparent, and collaborative relationships with local indigenous communities.

The CH-98 property forms part of Beauce Gold Fields’ broader Québec Phosphate initiative, which targets phosphate occurrences within the Lac-Saint-Jean anorthosite complex. Phosphate is essential for fertilizers and is a key component of LFP (lithium iron phosphate) battery cathodes. The Company’s strategy is to advance near-surface targets with potential to contribute to North America’s critical minerals supply chain.

Phosphate was recently added to Canada’s and Québec’s critical minerals lists.

The technical information contained in this news release has been reviewed and approved by Christian Tremblay, M.Sc., P.Geo., an independent Qualified Person as defined by National Instrument 43-101.

Beauce Gold Fields is focused on exploring and developing the largest placer gold district in eastern North America. The Company’s objective is to trace old placer gold workings back to a bedrock source to uncover economic lode gold deposits. The Company’s flagship property is the Saint-Simon-les-Mines gold project, site of Canada’s first gold rush that pre-dates the Yukon Klondike.

Beauce Gold Fields is currently drilling recently discovered antiform systems that are believed to have contributed to the development of extensive auriferous placer deposits in Beauce.

Source: Beauce Gold Fields