Discovery's Dome 11M Oz Gold Resource on Track; Drilling Adds Strike >4 km

For investors in gold developers, Discovery Mining’s latest drill results and resource estimate timeline represent a critical de-risking event. With an 11.0 million ounce Inferred Resource at Dome already in hand, the shift to a NI 43-101 compliant estimate by year-end could confirm the asset’s quality and scale, while the CEO’s projection of up to half a million ounces of annual production from three growth projects offers a tangible value creation path.

Discovery Mining Ltd. (TSX: DSV, OTCQX: DSVSF) has delivered a significant exploration update with positive drill results from its three advanced-stage growth projects in the Timmins gold camp: Dome, TVZ, and Owl Creek. The company completed 55 holes totaling 17,845.5 meters between Q4 2025 and Q2 2026, with assays confirming excellent correlation of widths and grades to previous drilling, and clearly demonstrating upside at all three assets. These results come at a pivotal moment as Discovery works towards releasing NI 43-101 resource estimates for Dome and TVZ by the end of 2026, a milestone that could transform the company's resource base and development timeline.

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CEO Tony Makuch estimates that Dome, TVZ, and Owl Creek could collectively contribute between 250,000 and 500,000 ounces of annual gold production, which would represent a step-change in Discovery's output profile.

The Dome project, already hosting a substantial 11.0 million ounce Inferred Resource, is the cornerstone of Discovery's growth ambitions. Recent drilling extended the known mineralization along a strike length of more than 4.0 kilometers, with the orebody remaining open in multiple directions and at depth. This suggests the potential for a second large-scale open-pit operation in the Timmins district, complementing the existing Pamour mine where drilling has similarly confirmed continuity. CEO Tony Makuch estimates that Dome, TVZ, and Owl Creek could collectively contribute between 250,000 and 500,000 ounces of annual gold production, which would represent a step-change in Discovery's output profile.

Strategically, the acquisition of the Kidd Metallurgical Site, contiguous to the Hoyle Pond and Pamour complexes, adds a critical processing dimension. Discovery plans to construct a new conventional gold circuit at the Met Site to handle material from Pamour, Hoyle Pond, Owl Creek, and potentially other sources. In the near term, the company intends to begin processing Borden material using an existing flotation circuit as early as early 2027, and will later convert another circuit to gold flotation for the refractory mineralization at TVZ. This integrated infrastructure strategy could significantly reduce upfront capital requirements and accelerate the path to production, a key consideration for investors and lenders.