Orford Mining Corporation reported results of its 2023 exploration program on the Qiqavik gold belt property. The Qiqavik gold property (100% Orford) hosts multiple high-grade gold occurrences at surface with over ten distinct project areas that occur along its 40 km strike. The 2023 work focused on drilling, geophysics, and prospecting on the Gerfaut East, Central, Annick and Eric project areas of the belt.

In total 34 Rotary Air Blast (RAB) holes were drilled for a total of 2,435 m and 32 line-km of ground Induced Polarization (IP) surveys were completed. Note that all drilling intervals are down-hole lengths. True thicknesses cannot be estimated with available information.

Note that grab samples may not be representative of mineralized zones. Annick: Previous exploration work identified the Annick Boulder Trend, an approximately 3.5 km long trend of angular quartz-carbonate boulders (up to several metres in size) containing pyrite +/- sulfosalts, galena, sphalerite, arsenopyrite and graphite grading up to 648 g/t Au. The possible Annick structure was intercepted in 3 holes 22-QK-002, 22-QK-011, QK-23-RAB015.

QK-23-RAB015 intercepted 0.95 g/t Au over 1 m, 400 m to the NE along trend from 22-QK-002 which reported 10.6 m at 0.9 g/t including 2.6 m @ 2.3 g/t Au (See Orford's news release November 8, 2022). This information along with the narrow dispersion (<30 m) of high grade boulders and gold grains in till suggest that there has been very little transport in the Annick Boulder Trend and the surface expression of the previously noted high grade boulders may be coincident with a structure(s), sub-parallel to the ice flow direction, which hosts pockets or "shoots" of quartz vein mineralization. Future programs will aim to increase drill density in the sector to obtain thicker higher grade intercepts along with detailed grid mapping and potential trenching.

Esperance: The Esperance area of the Qiqavik belt property hosts a trend of copper and gold mineralization hosted in a basalt shear zone and is recognized for over 4 km in length. In 2023, prospecting and mapping identified two new zones of outcropping sheared basalt-hosted sulphides with up to 5% chalcopyrite. New Outcrop #1 (0.44% Cu over 0.5m -channel sample) occurs as a series of discontinuous outcrops over 10 m by 25 m and is located 200 m to the south of the main Esperance trend and may represent secondary and tertiary (New Outcrop #2 370 metres to the south of the main Esperance trend) parallel mineralized zones.

Airborne EM conductors suggest the mineralization may extend to the east and west of each outcrop. Similarly, there are at least 6 additional parallel conductive trends to the main Esperance copper-gold trend which may also host copper sulphide and gold mineralization. These parallel conductive trends are planned to be a focus of a 2024 exploration program.

Central/Gerfaut: Two vein systems were discovered on the Qiqavik property in 2023, one at the Central Intrusion and one at Gerfaut East. The Gerfaut East vein system is found within a dominant NNE-trending structural corridor that is oblique to the EW Qiqavik Break and can be traced for an over 400 m strike length (previously covered by permanent snow). Gerfaut East is an intrusion-associated Au (+/- Ag, Pb, Cu, Zn) vein system.

The area is overprinted by multiple phases of deformation. At surface, sulphide-bearing quartz veins are up to 15 m in length and may contain variable amount of quartz +/-galena, chalcopyrite and pyrite. Assays received to date from surface grab samples have returned up to 32.3 g/t Au.

All six RAB drillholes completed at Gerfaut East intersected quartz vein within the top 50m of drilling. The Central Intrusive vein system is defined by a series of subparallel E-W-trending shears zones with ankerite alteration in granodiorite bedrock. Sulphide-bearing veins (+/- galena, pyrite, arsenopyrite) up to 2 cm thick are documented in granodiorite boulders spatially associated with shear zones.

Grab samples of quartz veins collected in nearby areas during previous programs reported up to 30.8 g/t Au. Three holes were drilled in this area that intersected altered granodiorite containing minor sulphides. The majority of RAB samples collected from the target intervals gave poor recovery (30-70%; +/-wet samples) which suggests the complexity in the structural network below surface and may not be representative of prospectivity at depth.

RAB drilling was not likely the best methodology for the type of high-grade vein targets seen at Central and East Gerfaut. The drilling was also targeted before having the results of the surface sampling and therefore the RAB holes appear not to have been drilled in the optimal position with respect to the high-grade surface outcrop samples. These areas would be a focus of detailed geological mapping and sampling along with diamond drilling in a 2024 exploration program.

The Qiqavik Property covers the 40-km long Qiqavik Break, part of the Cape Smith Belt event which is of Paleoproterozoic age (1.8-1.9 billion years). This geologic era is marked by its significant metal endowment as illustrated by the important gold districts that occur worldwide related to geological events of Paleoproterozoic age. These include the Flin Flon-Snow Lake Belt, the Ashanti Gold Fields of West Africa, the Tapajos-Parima Belt of Brazil, and the Tanami Region in Australia.

The Cape Smith Belt is also home to Glencore's world class Raglan Mine. Early-stage exploration work completed to date on the Qiqavik Property shows that high-grade gold and copper occurrences are structurally controlled and associated with secondary splay structures located along the district-scale Qiqavik Break Shear Zone which extends the full 40 km length of the Qiqavik Property.