New Drilling Intersects 136 metres of 0.67 g/t Gold Previously Announced Intersection Extended to 208 metres of 0.88 g/t Gold Exploration Identifies Significant Expansion of Gold Mineralization to over 400m on Strike at the Golden Lake Deposit on McFarlane’s Juby Gold Project TORONTO, April 13, 2026 (GLOBE NEWSWIRE) -- McFarlane Lake Mining Limited (“McFarlane” or the “Company”) (CSE: MLM, OTC: MLMLF, FRA: W2Z) is pleased to announce further results from its diamond drilling 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”. Drilling was initiated on the property in December 2025, commencing at the 826 Zone, and is now at the Golden Lake Zone (see Figure 1). Highlights Drill hole GL 26-73A at Golden Lake has intersected 0.67 g/t gold over 136 metres (“m”), this includes 19.55m of 1.51 g/t gold and 51.35m of 0.78 g/t gold. See Figure 2 and Tables 1 and 2.Previously announced drill hole GL 26-71 (95.4m of 1.36 g/t gold - March 2, 2026) has been updated and restated after study of the assays and drill core. A new intersection of 208.2m containing 0.88 g/t gold is announced. See Figure 3 and Tables 1 and 2. This includes: 95.4m of 1.36 g/t gold (which includes 55.4m of 1.96 g/t gold and 9.9m of 3.22 g/t gold),45.15m of 0.74 g/t gold,26.7m of 0.68 g/t gold,18m of 0.05 g/t gold, and 22.95m of 0.08 g/t gold. The widths of the intercepts continue to exceed expectations. Drill holes GL 26-74, 26-75, and 26-76 (See Figure 4) have been completed and are being prepared for sampling to the lab. All three holes have encountered mineralization as noted in the drill logs. Mineralization of over 100m has been logged in each of these holes.Figure 4 highlights the extension of mineralization at Golden Lake DepositApproximately 6,000m have been drilled thus far on the Juby Gold Project, against an original plan of 13,000m. “These drilling results continue to exceed our original expectations. The widths of these intercepts are impressive, and with long-term gold prices hovering around US$3,000 per ounce, there is plenty of room to push drilling deeper to explore for even a greater envelope of mineralization. Our team is focused on demonstrating the true upside potential of the Juby Gold Project,” said Mark Trevisiol, CEO and Chairman of McFarlane. There are currently two diamond drill rigs at site, both focusing on drilling at the Golden Lake deposit. Originally, 14 diamond drill holes were planned for the Golden Lake deposit; however, based on feedback from drilling to date, McFarlane will increase drilling at Golden Lake by at least 1,000m. One of the two diamond drills will transfer to the Juby deposit within the next month, where approximately 4,000-5,000m are planned. See Figure 5 for the exploration plan at Juby. Drilling being conducted at site is contracted through two separate firms, each having a business partnership with two of the three First Nation communities that have territorial rights on the property. There are three First Nation communities recognized as having territorial rights within the Juby Gold Project; they include Matachewan First Nation, Temagami First Nation and Atikameksheng Anishnawbek First Nation. Figure 1 – Juby Gold Project - Plan View of Exploration Drilling Program Showing Drill Hole Locations at Golden Lake, Juby and 826 Zones Figure 2 – Golden Lake Deposit Intersection Hole GL 26-73A - Section Looking Northwest Figure 3 – Hole GL26-71 – Section Looking Northwest Figure 4- Extension of Mineralization- Golden Lake Deposit Looking North Table 1 – Golden Lake Collar Information AreaHole-IDAzimuth(°)Dip(°)EastingNorthingElevationLength(m)Golden LakeGL26-7140-555003145272450365602GL26-7243-585003575272359365692.5GL26-73A43-585004775272223364681GL26-7438-535006055272154363589GL26-7543-535006875272115363580GL26-7640-585002655272393365656 *Table 2 – Golden Lake Zone intercepts AreaHole-IDFrom (m)To(m)Gold(g/t)Width (m)True width (m)Depth(m)Golden LakeGL26-71111.00113.001.032.001.585.8 185.50190.000.474.503.5145.6 298.10300.200.222.10 232.1 307.85516.050.88208.20165369.4Including307.85353.000.7445.1536.0260.1Including315.55323.001.447.45 353.00371.000.0518.00 371.00466.401.3695.4075.6331.9Including383.60439.001.9655.40 Including410.10420.003.229.90 466.40489.350.0822.95 489.35516.050.6826.7021.6389.4Including489.35494.202.014.95 Golden LakeGL26-73A100.00103.000.323.002.485.0 191.00193.800.242.802.2160.6 469.00605.000.67136.00106.9440.2Including469.00520.350.7851.3540.4 Including470.00476.002.636.004.7 Including528.20574.500.4446.3036.4 Including585.45605.001.5119.5515.3 Including586.70594.502.757.806.1 Including586.70589.006.432.301.8 632.10634.100.592.001.6516.0 Figure 5 shows the area of planned drilling on the Golden Lake and Juby deposits in the upcoming weeks. Figure 5 – Planned Area of Exploration for Golden Lake and Juby Resource Areas Quality Assurance and Quality Control The d