FOKUS MINING EXPANDS MINERALIZED FOOTPRINT CONNECTING GP  AND HENDRICK DEPOSITS AT THE GALLOWAY PROJECT INTERSECTING 6.0M OF 4.61 G/T GOLD WITHIN A 45 METER INTERVAL OF 1.16 G/T GOLD

Rouyn-Noranda, Québec, Canada, January 30, 2025 – Fokus Mining Corporation (“Fokus” or  the “Company”) (TSXV-FKM) (OTCQB: FKMCF) (FSE: F7E1) is pleased to announce an  update of its 2024–2025 exploration program on the Galloway Property (“Galloway Project”),  located in Abitibi, Quebec, along the Cadillac-Larder Lake Fault, between the Rouyn-Noranda  and Kerr-Addison mining camps. This update highlights the Company’s recent drilling results,  planned drilling campaign and upcoming geophysical survey. The Company has also  strengthened its financial position to assist in advancing exploration efforts.  

Recent Drilling Highlights 

The Company is reporting results from hole GA-24-89 on the Galloway Project, which intercepts  both the GP (Galloway-Pitchevin) and Hendrick deposits, with the following highlights.  

Philippe MacKay, President and CEO of Fokus Mining commented: “Hole GA-2024-89 expands  the mineralized footprint throughout the length of the hole (1,107m), highlighting a series of long  and broad intercepts. The discovery of low-grade mineralization between GP and Hendrick in a  previously undrilled area supports a connection between these deposits. The results also confirm  the continuity of higher-grade mineralization at GP while revealing shallower, broader zones that  could be suitable for open-pit, bulk-tonnage mining, as well as higher-grade underground  opportunities.

Deeper exploration at Hendrick has provided valuable geological insights that will  help guide the TITAN geophysical program, particularly in understanding copper distribution at  depth, and will play a role in refining our exploration strategy”  

  • 1.09 g/t Au over 22m including:   
    • 5.69 g/t Au over 3m 
  • 1.16 g/t Au over 45m including:  
    • 3.05 g/t Au over 1.5m 
    • 1.23 g/t Au over 1.5m 
    • 4.61 g/t Au over 6m 
  • 0.92 g/t AuEq (0.66 g/t Au and 0.20% Cu) over 81.2m including: 
    • 1.53 g/t AuEq (1.31 g/t Au and 0.17% Cu) over 7.5m 
    • 1.56 g/t AuEq (1.23 g/t Au and 0.25% Cu) over 1.5m  
    • 1.61 g/t AuEq (1.34 g/t Au and 0.21% Cu) over 3m 
    • 1.61 g/t AuEq (1.2 g/t Au and 0.31% Cu) over 1.5m 
  • 0.91 g/t AuEq (0.66 g/t Au and 0.20% Cu) over 72m including: 
    • 1.81 g/t AuEq (1.17 g/t Au and 0.49% Cu) over 1m 
    • 2.12 g/t AuEq (1.47 g/t Au and 0.50% Cu) over 1.5m  
    • 2.21 g/t AuEq (1.80 g/t Au and 0.31% Cu) over 2.4m 
    • 6.78g/t AuEq (6.72 g/t Au and 0.05% Cu) over 1.5m 
  • 1.92g/t AuEq (1.46 g/t Au and 0.36% Cu) over 3m

Drilling Results

Notes: 
1. A complete table of assay results from all deposits intersected utilizing a 0.35 g/t Au cut-off is on  the Company’s website. 
2. Composite assay grades presented in summary tables are calculated using a Au grade minimum  average of 0.35 g/t or 1.0 g/t as indicated in “Au Cut-off” column of Summary Tables. Maximum  internal waste included in any reported composite interval is 3.00 m. The 1.00 g/t Au cut-off is used  to define higher-grade “cores” within the lower-grade halo. 
3. Gold equivalent (AuEq) grades are calculated using an assumed gold price of US$2,100 per ounce  and a copper price of US$4.00 per pound, based on the formula: AuEq (g/t)=(Au (g/t)×1.00)+(Cu  (%)×1.306). Metallurgical recoveries are not considered in the in-situ grade estimate but are  estimated to be 90.3% and 90% for gold and copper, respectively, when processed in a mill. Gold  recovery rate assumptions are derived from the Initial Mineral Resource Estimate announced on  March 23, 2023. The recovery rate assumption for copper is speculative as limited metallurgical  work has been completed to date. 

Assay results for holes GA-24-90 and GA-24-91, which targeted the RB (Renault Bay) deposit, are  currently pending.

Planned Drilling Campaign 

The planned drilling campaign will include up to 5,000 meters and will be executed in two phases.  The first phase will target key areas, including the Hendricks deposit, where high-grade targets  have been identified from previous drilling and the GP-RB extension along the northeast (N-E)  trend, with the objective of increasing the potential mineral resource. Drilling has resumed this  week, marking the start of the first phase of the program. The second phase will follow post

geophysical surveys, aiming at newly defined targets from the TITAN survey.

Figure 1: Galloway trend drilling update

Figure 2 : Galloway trend long section with drill holes highlighted (A-A’)

Upcoming Geophysics Program 

A deep-penetrating TITAN DCIP (Direct Current Induced Polarization) survey is planned for early  February. The survey, developed by Quantec, aims to provide detailed subsurface information to  depths exceeding 750 meters. Survey goals include identifying deeper mineralized structures and extensions to known mineralization along strike and at depth, The TITAN Survey is ideally suited  for the style of mineralization encountered at Galloway.

Financial Update 

During the fourth quarter of 2024, Fokus secured more than CA$1.15M through the exercise of  warrants and options, bringing its cash position to near CA$2.1M as of January 30, 2025. This  additional capital will be directed toward the Company’s planned drilling campaign and  geophysical survey.

Qualified Person 

The scientific and technical disclosure for Fokus included in this press release has been reviewed  and approved by Nathalie Landry, P. Geo. (permit number 00796). Ms. Landry is a geologist and a  qualified person under National Instrument 43-101 Standards of Disclosure of Mineral Projects  (“NI 43-101”). She is an independent consultant for the company, working for Technominex. Ms.  Landry consents to the publication of this press release dated January 30, 2025, and certifies that it  fairly and accurately represents the scientific and technical information that forms its basis.

QA/QC Protocols and Sampling Procedures 

The design of the Galloway project drilling programs Quality Assurance/Quality Control and  interpretation of results is under the control of Fokus geological staff including qualified person employing a strict QA/QC program consistent with NI 43-101 and industry best practices. The  Galloway project is supervised by Nathalie Landry, P. Geo.

Drill core is logged and split with half-core samples packaged and delivered to Lab Expert. Samples  are dried and subsequently crushed to 75% passing a 2 mm mesh screen. A 250 g subsample is  pulverized to a nominal 85% passing 75 microns mesh screen. The remaining crushed sample  (reject) and pulverized sample (pulp) are retained for further analysis and quality control. All  samples are analysed by Fire Assay with an Atomic Absorption (AA) finish using a 30 g aliquot of  pulverized material. Assays exceeding 10 g/t Au are re‐assayed by Fire Assay with a Gravimetric  Finish. Fokus inserts independent control reference samples and blank samples regularly in the  sample stream to monitor assay performance. Fokus internal control samples represents  approximately 10% of the total samples sent for assays. Fokus is planning to perform duplicate  sampling at a certified secondary control laboratory.

This press release was compiled and approved by Nathalie Landry, P. Geo. and Qualified Person  under National Instrument 43-101.

Fokus Mining

About Fokus Mining

Fokus Mining Corporation is a mineral resource company focused on acquiring and exploring  precious metal deposits in Quebec, Canada, particularly in the Abitibi region, 20 km West of  Rouyn-Noranda, with its Galloway Project.

The 100% owned Galloway Project covers an area of 2,925.91 hectares and is located just North  of the Cadillac-Larder Lake Fault, which extends for more than 100 km. Numerous gold deposits  are associated with the structure and its subsidiaries. The recent work focused on the Western  mining claims of the Galloway Property has allowed the Company to delineate a NI 43-101  inferred mineral resource of 1.42 million ounces of gold (41,195,000t at 1.07 g/t Au) at a price of  US$1,750 per ounce. This was published in the press release dated March 23, 2023, which includes  a sensitivity table showing that, at a price of US$1,960 per ounce, the inferred mineral resource  increases to 1.79 million ounces of gold (57,546,000t at 0.97 g/t Au).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the  policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this  release. 

For further information: 

Philippe MacKay, MBA, P.Eng.

President & CEO, Fokus Mining Corp.

Tel.: (514) 974-4349

Email: pmackay@fokusmining.com

Related Links 

https://fokusmining.com/ 

Caution regarding forward-looking statements 

Certain statements contained in this press release may constitute forward-looking information or  statements within the meaning of Canadian securities legislation, relating to the exploration and  mineralization on the Galloway Gold Project; the extent of mineralization and the discovery of  zones of high-grade gold mineralization; plans for future exploration and drilling and the timing of  same; the merits of the Galloway Gold Project; and funding of the exploration program. Forward looking information is often, but not always, identified using words such as “anticipate”, “plan”,  “estimate”, “expect”, “may”, “will”, “will have”, “should”, and other similar expressions. The  Company cautions that forward-looking statements are based on the beliefs, estimates and opinions  of the Company’s management on the date the statements are made, and they involve a number of  risks and uncertainties. Consequently, there can be no assurances that such statements will prove  to be accurate and actual results and future events could differ materially from those anticipated in  such statements. Except to the extent required by applicable securities laws and the policies of the  TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking  statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors  that could cause future results to differ materially from those anticipated in these forward-looking  statements include risks associated with possible accidents and other risks associated with mineral  exploration operations, the risk that the Company will encounter unanticipated geological factors,  risks associated with the interpretation of exploration, drilling and assay results, the possibility that  the Company may not be able to secure permitting and other governmental clearances necessary to  carry out the Company’s exploration plans, the risk that the Company will not be able to raise  sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory  or legal changes that might interfere with the Company’s business and prospects The reader is urged  to refer to the Company’s Management’s discussion and Analysis, publicly available through the  Canadian Securities Administrators’ System for Electronic Document Analysis and Retrieval  (SEDAR+) at www.sedarplus.ca for a more complete discussion of such risk factors and their  potential effects.