Ophir Gold Corp. announced the completion of its 2023 surface exploration program at the Radis Lithium Property, located in Eeyou Istchee James Bay, Quebec. The Property is located approximately 70 km east-northeast of Wemindji and proximal to the all-season Billy-Diamond Highway and hydro-power line infrastructure in the region.

Due to forest fires in the region over the summer period, preventing access to the Property, the Company modified its fieldwork plans and successfully completed a more focused exploration program at the Property. The surface work, completed in September, followed up on the very successful 1.5 days of prospecting completed in early June 2023, which confirmed lithium mineralization at the Chou Spodumene Pegmatite (2.33% Li2O) and the Navet Spodumene pegmatite (1.26% Li2O). A total of 87 rock samples were collected during the September program, including 10 channel samples at the Chou Pegmatite.

Although no spodumene mineralization was visually identified outside of the main Navet Showing, many of these dykes exhibit similar characteristics, such as textures and blue tourmaline, and suggest the presence of a potential robust LCT pegmatite system. The September surface exploration concludes the prospecting and mapping program for 2023, as most exploration activities are typically paused from September 15 to October 15 for the annual moose hunting season. The Company is currently awaiting final data and deliverables from a Property-wide airborne LiDAR and Orthophoto survey flown in September 2023, which will be used to generate targets ahead of an expansive surface exploration program in 2024.

Additionally, the Company plans to complete an induced polarization and resistivity survey over the 4.5 km of prospective lithium exploration trend identified at the Property. The geophysical data will be utilized, along with the analytical results from the 2023 prospecting and mapping programs, to plan and execute a maiden drill program at the Chou and Navet Spodumena Pegmatites at the Property in First Quarter 2024. The Company and Mr. Schmidt do not recognize any factors of sampling or recovery that could materially affect the accuracy or reliability of the assay data disclosed in this news release.