Nuinsco Resources Outlines Summer-Autumn Field Program at Paradise Lake Gold Project

TORONTO, ON — July 13, 2026 — Leads & Copy — Nuinsco Resources Limited announced an update on its field exploration and work program plans for the Paradise Lake gold project in central Newfoundland. The project is situated within a highly mineralized region known for gold deposits, including those of Equinox Gold, Newfoundgold, and Pirate Gold.

The current work program, which began in May and will continue through the summer and autumn, aims to address the challenge of limited exposed bedrock at the project. Techniques are being employed to explore beneath the overburden and identify potential drill targets for future phases of work. Nuinsco’s CEO, Paul Jones, stated that historical work has indicated widespread mineralization across a ten-kilometre trend, making Paradise Lake a promising exploration target.

The ongoing program includes historic data compilation, detailed drone magnetic surveying, prospecting, and sampling. This will be supplemented during the summer by geophysics, including an induced polarization survey, geochemical prospecting, and an evaluation of areas suitable for bedrock exposure through trenching for sampling. The goal is to gain a comprehensive understanding of the mineralization framework at Paradise Lake to guide upcoming diamond drilling operations.

The Paradise Lake project's appeal is bolstered by its geologically prospective setting, strong anomalous geochemical signatures, including multi-gram gold analyses, and geophysics capable of mapping structures and intrusions. These factors contribute to the project’s potential for exploration success.

The project comprises 132 mineral exploration claims divided into two blocks: the 108-claim Paradise Lake block and the 24-claim Pistol Lake block. Historically, anomalous gold mineralization has been found throughout the project area. Located approximately 27 kilometers south of Grand Falls–Windsor, the project is easily accessible by local roads and tracks. It is situated on the Dunnage Zone litho-tectonic domain of Central Newfoundland, with mineralization linked to the Cape Ray–Valentine Lake structural zone and the Victoria Lake Fault Zone.

Visual aids, such as a map showing the Paradise Lake claim block with completed and planned magnetic survey coverage, as well as historic sampling locations, are available. Induced polarization coverage is planned for the summer-autumn 2026 field season within this area.

Laura Giroux, P.Geo., Nuinsco's Chief Geologist, has reviewed and approved the technical content of this release in her capacity as a Qualified Person under National Instrument 43-101. Reference is made to surface sampling data from Aurwest Resources Corporation's 2nd to 8th Year Assessment Report on Diamond Drilling, Prospecting and Mapping, Paradise Lake Gold Project, dated December 20, 2022.

Nuinsco Resources, with over 50 years of exploration success, is a growth-oriented company focused on multi-commodity mineral exploration and development in Canada and internationally. Its current portfolio includes the Paradise Lake gold project in Newfoundland and various projects in Ontario, including the Prairie Lake Project (phosphate, rare earth element, niobium, tantalum), the Zig Zag Lake Property (lithium, tantalum) jointly ventured with First Class Metals PLC, and a retained NSR royalty on the Sunbeam Gold Property.

Source: Nuinsco Resources Limited