Beauce Gold Fields Agrees to Sell CH-98 Phosphate Property to…

(TheNewswire)

Montréal, Québec – TheNewswire - Beauce Gold Fields Inc. (TSX Venture: BGF) (“BGF” or the “Company”) announces that it has entered into an arm’s-length agreement to sell its 100% interest in the CH-98 phosphate property in the Lac-Saint-Jean region of Québec to Inspiration Mining Corp. (CSE: ISP) (“Inspiration”). Completion of the transaction remains subject to receipt of the necessary regulatory approvals.

The proposed sale will enable BGF to focus its exploration efforts and management resources on its core gold assets in southern Québec, particularly the Saint-Simon-les-Mines paleoplacer channel and its associated bedrock gold targets.

Patrick Levasseur, President and CEO of Beauce Gold Fields, said: “CH-98 has delivered encouraging phosphate sampling and preliminary metallurgical results. We believe the property merits a dedicated exploration program under Inspiration’s stewardship. For BGF, this transaction supports our decision to focus on advancing our Beauce gold projects, while the share consideration gives our shareholders indirect exposure to Inspiration’s future progress.”

Charles Desjardins, President and CEO of Inspiration Mining, commented: “We are excited about the opportunity to acquire CH-98, a promising phosphate property with encouraging geological, sampling and preliminary metallurgical results. We look forward to building on Beauce Gold Fields' exploration work and advancing the property's potential within Québec's established phosphate district.”

Transaction Terms

Under the proposed transaction, Inspiration will issue 10,000,000 common shares to BGF at a deemed value of $0.04 per share, for aggregate share consideration of $400,000. As part of the transaction, Beauce Gold Fields has agreed to commission and deliver an independent technical report prepared in accordance with National Instrument 43-101 on the CH-98 phosphate property.

About the CH-98 Phosphate Property

CH-98 is located within the Lac-Saint-Jean anorthosite complex, an established geological district hosting apatite-bearing rock formations. Previously reported field sampling from the CH-98-61 showing returned 8.07% P₂O₅. In preliminary laboratory flotation work, COREM reported a concentrate grading 38.9% P₂O₅ with 93.4% recovery under the tested conditions. These results are from selected samples and preliminary test work and are not necessarily representative of the property as a whole. For additional technical details, see BGF’s news release dated March 12, 2026.

Qualified Person

The technical information in this news release has been reviewed and approved by Christian Tremblay, M.Sc., P.Geo., an independent Qualified Person as defined by National Instrument 43-101.

About Beauce Gold Fields

Beauce Gold Fields is focused on exploring and developing the historic placer gold district of the Beauce region of southern Quebec. The Company’s objective is to trace historical placer gold workings back to potential bedrock sources and evaluate the potential for economic lode-gold mineralization.

The Company’s flagship property is the Saint-Simon-les-Mines gold project, site of Canada’s first gold rush, which predates the Yukon Klondike. The Beauce region hosted major historical placer gold operations from the 1860s through the 1960s and produced some of the largest gold nuggets recorded in Canadian mining history, including nuggets exceeding 50 ounces. (Source: SEDAR, NI 43-101 Report – Beauce, July 4, 2018, author B. Violette.)

Beauce Gold Fields continues to explore antiform structures that the Company believes may have contributed gold to the extensive auriferous placer deposits of the Beauce region. The Company’s geological model is evaluating whether structural traps associated with antiform folding and saddle-reef-style quartz mineralization may represent potential bedrock sources for gold found within the historical Beauce paleoplacer system.

About the Saint-Simon-les-Mines Paleoplacer Channel

The Saint-Simon-les-Mines paleoplacer is a nearly six-kilometre-long buried gold-bearing channel within the Gilbert River paleovalley and represents the core of Canada’s first gold rush district. Historical mining from the 1860s through the 1960s recovered significant quantities of coarse gold, including multi-ounce nuggets.

The Company’s geological model indicates that gold mineralization within the paleoplacer system is concentrated principally within basal sedimentary horizons, saprolitic bedrock and fractures or natural traps developed along the paleovalley floor.

The paleovalley lies immediately south of the Company’s interpreted Saddle Reef-style antiform structures. BGF’s geological model is evaluating these structures and associated quartz-vein systems as potential bedrock sources for at least part of the historical placer gold.

Historical and modern geological work also indicates that tributaries entering the Gilbert River paleovalley from the north may have played an important role in transporting and concentrating gold. Interpreted deltaic deposits developed at tributary mouths therefore represent priority exploration targets for the sonic drilling program.

More information:
https://beaucegold.com/beauce-gold-property

Disclaimers:

This press release contains certain forward-looking statements, including, without limitation, statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar expressions which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements reflect the Company's current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding mineral exploration. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company's on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

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

For further information contact

Patrick Levasseur, President and CEO Tel: (514) 262-9239