Early Drilling Extends Gold Mineralization “826 Zone” gold mineralization extended by 80 metresUnsampled, previously drilled core, returns 7.2 g/t gold over 1.2 metres extending gold mineralization in Juby deposit TORONTO, Jan. 22, 2026 (GLOBE NEWSWIRE) -- McFarlane Lake Mining Limited (“McFarlane” or the “Company”) (CSE: MLM, OTC: MLMLF) is pleased to announce some early success in its exploration campaign being conducted on its 100%-owned Juby Gold Project, located west of Gowganda, Ontario, within the southern part of the “Abitibi Greenstone Belt”. Highlights Visible gold has been confirmed in new drill core, with drill hole JU826-142 logging 20 separate occurrences of visible gold over an 11-metre interval beginning at 33 metres below surface (see Figure 3). Assays remain pending.Early drilling at the “826 Zone” expands the gold system, extending known mineralization by up to 80 metres (see Figures 1 and 2 and tabulated in Tables 1 and 2). Drill hole JU826-141 intersected near-surface gold mineralization within 20 metres of surface, returning 2.09 g/t Au over 4.17 m, within a broader mineralized interval of 0.70 g/t Au over 28.17 m (19.83 m to 48.00 m).In response to these early intersections, the Company has approved an additional 500 to 600 metres of drilling to further define the 826 Zone.McFarlane is also finding additional gold mineralization through assaying of previously unsampled drill core from drilling completed between 2003 and 2011, targeting intervals where no prior sampling was completed. Key results returned to date include: JU-03-36: 7.2 g/t Au over 1.2 mJU-03-31: 0.65 g/t Au over 4.75 mJU-11-112: 0.77 g/t Au over 3.69 m and 0.48 g/t Au over 4.60 mAs shown in Figures 4 and 5 and summarized in Table 3, these new results expand the mineralized footprint of the Juby gold system. Figure 1 – Plan View of Exploration Drilling program showing location of 826, Juby and Golden Lake Zones Figure 2 – Section looking West on 826 Zone Figure 3 – Visible Gold Cluster- Drill core from hole JU826- 142 Table 1 - 826 Zone Collar Data Hole-IDAzimuthDipEastingNorthingElevationLength (m)JU8-25-14135-505012445270970364308JU8-26-14233-505012155270930365294 Table 2 - 826 Zone Composite Data Hole-IDFrom (m)To (m)Au gptWidth (m)True width (m)Depth (m)JU8-25-14119.8348.000.6928.1721.9-25.9Including19.8324.002.094.17 JU-13-137*4.2040.500.8536.3031.4-17.0Including4.2013.001.968.80 JU-18-140*34.0050.000.3616.0012.5-32.2 * Historical Composite- see note 1 on historical data Table 3 – Unsampled Previously Drilled Core Composite Data Hole-IDFrom (m)To (m)Au gptWidth (m)Depth (m)CommentsJU-02-01113.00118.000.365.00-83.1Expansion to widthJU-03-31142.00146.750.654.75-110.6Increase strike by 80mJU-03-36150.00151.207.221.20-111.0Increase strike by 50mJU-11-112118.00121.690.773.69-98.5Expansion to width 152.20156.800.484.60-126.9Expansion to width Figure 4 - Juby Resource zone 409- Latest Assays from unsampled drill core extending mineralization along strike Figure 5 - Juby Resource Zone 406, 412 – Latest Assays extending mineralized width of zone “Our team is extremely pleased with these early results from our exploration drilling,” said Mark Trevisiol, CEO and Chairman of McFarlane, adding, “This area of the property has seen very little drilling. Demonstrating mineralized continuity so early in the program is very encouraging. Moreover, this is some 1,400 to 1,500 metres away from our existing Juby deposit, with most of this distance having seen no exploration drilling.” McFarlane is expanding drilling in the ‘826’ Zone to test for continuity along strike with step out holes of 100 metres being planned; another 2 holes are now being added. After the ‘826’ Zone, the next phase of drilling will focus on Golden Lake and then Juby zones, where most of the drilling will be targeted to expand mineralization at depth in both deposits, see Figure 6 below. Figure 6 – Planned area of exploration for Golden Lake and Juby Resource areas Quality Assurance and Quality Control The drill core samples collected by McFarlane Lake Mining and described in this news release were placed in core boxes by the drill crew contracted by the Company. Core was then transported by McFarlane personnel to a secure processing facility. The core is then reviewed with core metreage blocks checked to verify core integrity, geologically logged, and samples marked. Core samples are cut in half, with one half remaining in the box and the other inserted into a clean plastic bag with a sample tag. Certified reference materials are inserted into the sample stream at a rate of no less than 10%. Samples are then transported in secure sealed bags with security tags for preparation and assay by MSA Labs in Timmins, Ontario, a certified lab with AC89, IAS accreditation and compliance with ISO/IEC standard 17025:2017. Samples reported were crushed in their entirety to 70% passing 2 mm, with one 300 to 500 g subsample split and placed into a jar for analysis by photon as