b'G O L D M I N E S RED LAKE MINESUGAR ZONE MINE (TEMPORARILY SUSPENDED)Evolution Mining Ltd.Red Lake Gold Mines Vault Minerals Ltd.gold producerundergroundgold producerundergroundMailing Address17 Mine Road, Bag 2000 Mailing AddressSouth Shore Centre, Suite 4, Level 3, Balmertown, ONP0V 1C0 85 South Perth EsplanadeTel: (807) 735-2077 South Perth, Western Australia6151Websitewww.evolutionmining.com.au Tel: 61 8 6313-3800Mine ManagerJustin Jim Fax: 61 8 6313-3888Production Rate1900 tonnes per day (mill capacity) Websitewww.vaultminerals.comProduction2021126,339 ounces of gold Production Rate1,400 tonnes per day (mine),(fiscal year ending June 30, 2021)1,500 tonnes per day (mill capacity)2022115,276 ounces of gold Production202151,453 ounces of gold(fiscal year ending June 30, 2022)202250,021 ounces of gold2023120,840 ounces of gold 202338,976 ounces of gold (fiscal year ending June 30, 2023)20240 ounces of gold2024112,700 ounces of gold 20250 ounces of gold(fiscal year ending June 30, 2024) Resources2,882,000 tonnes at 8.50 g/t 2025127,632 ounces of gold containing 789,000 ounces of gold (fiscal year ending June 30, 2025) (Measured and IndicatedJune 2025)Resources30,000,000 tonnes at 4.90 g/t gold,1,877,000 tonnes at 7.30 g/t containing containing 4,700,000 ounces of gold440,000 ounces of gold (Inferred(Measured and Indicated for Red LakeJune 2025)Gold Mines Operations combined Opened 2019-2023December 2024) Life of Mine6.5 years 17,000,000 tonnes at 4.58 g/t gold,EmploymentApproximately 100containing 2,500,000 ounces of goldNotesVault Minerals expects to begin mine (Inferred for Red Lake Gold Minesdevelopment in July 2026, pending Operations combinedregulatory approval of the Southern December 2024) Tailings Management Facility (TMF). Opened 1949 From January to May 2027, waste Life of Mine2040 rock will be crushed and screened EmploymentApproximately 900 employees for use in TMF construction, which is and contractorsscheduled to commence in May 2027 NotesThe Red Lake Operation includes theand run through October 2027. Mine Red Lake, Cochenour and Campbellproduction and milling are expected mining areas, and the Campbell andto begin in November 2027, with Red Lake processing plants. Both the~132,000 tonnes of ore (equivalent to Bateman mill and mine site are underaround 13,000 ounces of gold) ready care and maintenance. A key targetfor immediate processing. The FY28 for the operation is to become cash- production forecast anticipates 40-positive with higher and consistent44 Koz from Sugar Zone. Planned production. Significant resourcesFY26 exploration includes surface are continuing to be used to developstripping and sampling from Sugar the CYD decline and consolidation ofSouth toward the Lynx Zone and tailings. Evolutions guidance for FY26drilling at the TT8 prospect to support includes gold production of 130k-145kfuture growth. As of June 30, 2025, ounces with an AISC of US$/oz 1593- Sugar Zone has a total Measured and 1723. During the first three quartersIndicated Resources of 2.3 Mt at 5.4 of 2025, gold production was 89,648g/t Au (398 Koz contained gold).ounces. Opportunities for expanding production come from sustaining1 million tonnes per year through the mill and studying the reprocessingof tailings. ONTARIO MINING AND EXPLORATION DIRECTORY AND RESOURCE GUIDE 2026 17'