Copper Gold Projects

Cygnus has consolidated a large land package in the prolific Lac Dore/Chibougamau and Joe Mann mining camps that has produced 1.6 billion pounds of copper and 4.4 million ounces of gold. The land package includes 13 former producing mines, deposits and resource target areas within a 60 kilometre radius of the Companys’s Copper Rand Mill.

The Company’s current focus is to conduct exploration and resource extension activities to grow the current NI-43-101 mineral resource estimate of 3.6Mt at 3.0% CuEg in the measured and indicated categories and 7.2Mt at 3.8% CuEq in the inferred category. Concurrently Cygnus will continue to advance studies and permitting work to implement a hub-and-spoke development strategy by advancing its key high-grade copper-gold brownfield projects towards a restart of operations.