BMEX Gold Inc. announced its fall exploration program at Dunlop Bay, contingent upon the closing of its $1,000,000 financing announced on August 29, 2023. Following a successful summer exploration program that tested the gold vein system at Dunlop Bay, BMEX intends to drill approximately 4,000 m into its VMS targets at both Dunlop Bay Ouest (DBO) and Dunlop Bay Nord (DBN). At DBO, a strong Cu-Au-Mo correlation is observed in assays from sulfide-rich rocks, which are typical of partially magmatic-derived fluids.

The area has been known to be the host of massive sulfides for at least a decade. Originally, exploration of this area intersected several barren massive sulfides before discovering the Zn-Cu-Au-Ag rich lens discovery in 2015. The best results from drilling between 2015 and 2017 included 4.69% Zn, 0.67% Cu, 0.137 g/t Au and 9.8 g/t Ag over 7.65 m (DAN-15-25); 3.05% Zn, 4.51% Cu, 0.33 g/t Au and 31.79 g/t Ag over 8 m (DAN- 15-27); 2.88% Cu over 3.2 m and 10.19% Zn over 2 m, as well as 160.1 g/t Ag over 1 m (DAN-16-54).

The upcoming 4,000 m drill program will be comprised of eight holes testing VMS targets at both the Dunlop Bay Ouest and Dunlop Bay Nord. Dunlop BayOest (DBO) Target #1. focuses on the center of an untested punctual high-MAG located along the main EM conductor. Seven high priority targets were identified, from which five were trenched to date of which three successfully reached bedrock.

Trenching assay results are pending. A second phase of trenching is planned prior to winter 2023. Gold values are estimated by fire assay with finish by atomic absorption.

The Qualified Person has not completed sufficient work to verify the historical information on the Property, particularly in regard to historical drill results. However, the Qualified Person believes that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.