Stearman Resources Inc. announced that the work performed by ALS Goldspot Discoveries Inc. (?ALS Goldspot?), previously announced on November 21, 2023, on the Company?s Miniac Property (the ?Property?) has resulted in the generation of new drill targets as well as a new interpretation of the underlying geology. Utilizing the high-resolution drone magnetic geophysical data collected by the Company in early 2023, in combination with other geophysical, geochemical, and geological data, ALS Goldspot performed a constrained 3D magnetic inversion and structural interpretation of the Miniac Property. ALS GoldSpot is a team of industry experts who combine knowledge in geoscience and data science to deliver bespoke solutions that transform the mineral discovery process.

In the race to make discoveries, ALS GoldSpot produces Smart Targets and advanced geological modelling that saves time, reduces costs and provides accurate results. The Miniac Property consists of 78 mining claims (41 square kilometres) located approximately 35 km north of Amos, Quebec. Drilling on the Property by previous operators intersected prospective intercepts such as 1.05 g/t Au and 0.16% Zn over 4.65 m, and 14.5 g/t Ag, 0.17% Cu and >0.66% Zn over 5.66 m. The mineralization occurs in massive to semi-massive sulphide zones of primarily pyrite with lesser amounts of pyrrhotite, sphalerite, and chalcopyrite.

This geophysical campaign marks the first time that property-wide, closely-spaced, high-resolution geophysics will be performed on the Property, the goal of which is to generate new drill targets to build on the prospective drilling performed in the past. The NI 43-101 compliant technical report for the Miniac Property is available on SEDAR.