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Orestone Mining Corporate Update

MWN-AI** Summary

Orestone Mining Corp. (TSXV: ORS) has provided an important corporate update regarding its ongoing exploration activities focused on gold, silver, and copper properties. Located in Vancouver, British Columbia, the company is moving forward with key projects, particularly the Francisca Gold-Silver Project in Salta, Argentina, and the Captain Gold Porphyry Project in Central British Columbia.

In early 2025, Orestone signed an Option Agreement for the Francisca property, preparing to launch a Phase I exploration program in the third quarter of 2025. This program will involve detailed mapping and the collection of up to 600 rock and trench samples to determine the surface extent of gold-silver mineralization prior to drilling. The exploration aims to identify an oxide gold deposit that could be mined using open-pit methods.

Meanwhile, at the Captain project, the company has filed an amended Notice of Work (NOW) permit seeking approval for an additional 23 drill locations, specifically situated on existing logging roads. This drilling will target the T2 area, which is believed to be a significant gold-copper porphyry target in proximity to the previously identified T1 target. Drilling activities at Captain are anticipated to commence in the first quarter of 2026.

In corporate developments, Orestone recently completed a $600,000 capital raise via a non-brokered private placement and issued shares for debt totaling $180,000. The company gained a new strategic shareholder, Crescat Capital LLC, bolstering its financial standing to support its exploration ambitions. The management team, experienced in the mining sector, aims to drive success in developing its portfolio in Canada and Argentina.

MWN-AI** Analysis

Orestone Mining Corp.'s recent corporate update highlights promising developments in its gold, silver, and copper exploration projects, particularly the Francisca Gold-Silver Project in Argentina and the Captain Gold Porphyry Project in British Columbia. Investors should carefully assess these updates when considering their positions.

The Francisca Project has a Phase I exploration program slated to begin in Q3 2025, which will involve detailed mapping and extensive sampling to delineate the oxide gold-silver mineralization. The strategic initiation of the exploration program indicates a proactive approach to establishing the property’s potential and could lead to positive valuation adjustments, particularly if initial findings are favorable.

In British Columbia, the amended Notice of Work for 23 additional drill locations at the Captain project demonstrates Orestone's commitment to expanding its resource base. The focus on the T2 target area indicates that the company is exploring significant opportunities beyond its established targets, which might yield promising results once drilling commences in Q1 2026.

Financially, Orestone has reinforced its position with a capital raise of $600,000 through a non-brokered private placement and an additional $180,000 via a share-for-debt swap. This influx of cash supports exploration activities and demonstrates market confidence, especially with Crescat Capital LLC coming on board as a strategic investor. The backing from such a notable player could attract further interest from investors and stakeholders.

Given these developments, Orestone's potential for growth appears promising, especially in the context of the recovering commodity prices and heightened demand for precious and base metals. Investors seeking exposure in the mining sector may find Orestone an appealing opportunity, with close monitoring of exploration results and capital movements being critical in the coming months.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Newsfile

Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - Orestone Mining Corp. (TSXV: ORS) (OTC Pink: ORESF) (FSE: O2R2) ("the Company") is pleased to provide an update of corporate activities and an overview of exploration activities on the Company's gold, silver and copper properties.

Francisca Gold-Silver Project, Salta, Argentina
Orestone signed an Option Agreement covering the Francisca property during the first quarter of 2025. We are preparing to initiate a Phase I exploration program in the third quarter of 2025 with the advancement of various administrative and logistical tasks. The Phase I program will consist of detailed mapping and up to 600 rock and trench samples to better define the surface extent of widespread oxide gold-silver mineralization prior to drilling. Please click here for additional information.



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Captain Gold Porphyry Project, Central British Columbia
Orestone has filed an amended Notice of Work (NOW) permit for an additional 23 drill locations at the Captain gold-copper porphyry property located in north central British Columbia. The drill locations are on existing logging roads focused on the T2 target area which is a large, although not fully defined target lying to the south of the primary T1 target along the same structural corridor. Drilling is anticipated in the first quarter of 2026. Please click here for additional information.

To view an enhanced version of this graphic, please visit:
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Corporate
During the second quarter of 2025 Oresone completed both a $600,000 dollar capital raise through a non-brokered private placement of common shares and an issuance of shares for debt in the amount of $180,000. These transactions provided a stable corporate platform to pursue exploration on the Company's property portfolio. The Company welcomed a new strategic shareowner, Crescat Capital LLC ("Crescat"), which subscribed through Crescat Portfolio Management LLC on behalf of its five (5) Pooled Investment Funds.

About Orestone
Orestone Mining Corp. is a Canadian based company listed for trading on the TSX Venture Exchange. The Board of Directors and management team have experience in all aspects of the mining business having been involved in numerous corporate and project level successes. Orestone's property portfolio includes exposure to gold, silver and copper on projects located in Canada and Argentina. Our near term objective on the Francisca property, located in Salta, Argentina is to define an oxide gold deposit mineable by open pit methods. The Company's 100 percent owned Captain gold-copper project, located in BC hosts a large gold dominate porphyry system that is permitted and drill ready. The projects are road accessible and suitable for exploration year-round. For more information please visit: www.orestone.ca.

ON BEHALF OF ORESTONE MINING CORP.

David Hottman

CEO

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 News Release. This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.

For further information contact: David Hottman at 604-629-1929 info@orestone.ca.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260799

FAQ**

How does Orestone Mining Corp ORESF plan to allocate the $600,000 raised in their recent capital raise towards the development of their Captain Gold Porphyry Project in Central British Columbia?

Orestone Mining Corp intends to allocate the $600,000 raised towards advancing exploration and development activities at the Captain Gold Porphyry Project, focusing on drilling, geological assessments, and enhancing resource estimates in Central British Columbia.

What specific geological features might influence the exploration strategy at the T2 target area of the Captain gold-copper porphyry property in British Columbia?

The exploration strategy at the T2 target area of the Captain gold-copper porphyry property may be influenced by geological features such as structural faults, lithological variations, alteration zones, and proximity to known mineralization, which can guide drilling and sampling efforts.

In what ways is Orestone Mining Corp ORESF ensuring compliance with regulatory requirements in their amended Notice of Work permit for additional drill locations in British Columbia?

Orestone Mining Corp (ORESF) is ensuring compliance with regulatory requirements for their amended Notice of Work permit by actively engaging with governmental agencies, adhering to environmental guidelines, conducting community consultations, and implementing sustainable practices for their additional drill locations in British Columbia.

How will the exploration activities in Salta, Argentina for the Francisca Gold-Silver Project complement Orestone Mining Corp ORESF’s overall portfolio strategy focusing on gold, silver, and copper resources?

The exploration activities in Salta for the Francisca Gold-Silver Project will enhance Orestone Mining Corp’s portfolio by diversifying its resource base and increasing exposure to high-value gold and silver assets, aligning with its strategic focus on precious and base metals.

**MWN-AI FAQ is based on asking OpenAI questions about Orestone Mining Corp. (TSXVC: ORS:CC).

Orestone Mining Corp.

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