Victoria Gold provides update on Eagle Gold Mine incident

Victoria Gold provides a further update on the heap leach facility incident that occurred at the Eagle Gold Mine on June 24, 2024. Victoria’s focus continues to be on the safety of its employees and mitigation of harm to the environment. As previously reported, the Company has and will continue to liaise with the Government of Yukon, the First Nation of Nacho Nyak Dun, the Village of Mayo, the Yukon Workers’ Safety and Compensation Board and other regulatory authorities. Victoria is actively sampling water daily from multiple sample locations at the Eagle mine. Several of these sample locations are located downstream from the location of the HLF incident. Final results received subsequent to the Company’s News Release dated July 4, 2024, showed one trace detection of cyanide in one of the downstream sample results from Haggart Creek collected on July 2, with the sample measuring 5.7 parts per billion total CN. Prior to July 2, and subsequently on July 3 and July 4, samples collected at this sample location did not detect any cyanide. Investigations are underway to determine the cause of the incident. The Company has engaged with its engineer of record for the HLF and is cooperating with 3rd party technical experts retained by the Yukon Government and the FNNND.