Targa Exploration Corp. announced additional analysis and interpretation of the results of its extensive till sampling program on the Company's Opinaca project in Quebec (the "Opinaca Project"). Highlights: Two gold-arsenic-tungsten anomalies identified from till sampling; Central gold anomaly is 5km x 4km and open-ended in the up-ice direction; Staked an additional 41,672ha to cover potential up-ice source.

After identifying a lithium-cesium target from the 2023 Opinaca till sampling program the Targa and Kenorland Minerals technical teams have further identified multiple gold anomalies at the Opinaca Project. Two separate areas of overlapping anomalous values for gold, arsenic, tungsten, antimony, and silver in the till samples have been located on the Opinaca Project with gold values reaching as high as 271ppb and arsenic values up to 193ppm. Multiple samples returned greater than 50ppb from both target areas.

Till samples were taken every 150m on lines spaced 1km apart. The first, larger anomaly sits in the middle of the original Opinaca Project boundary and measures approximately 4km wide by 5km long in the estimated direction of historic glacial ice movement. The second anomaly is approximately 1km wide by 2km in length and is host to the high gold value from the till program.

The second anomaly is located at the southeastern extent of the till sample grid, in a similar position to the previously announced lithium anomaly. Both anomalies appear open-ended in the up-ice direction. Targa will immediately begin making plans for a Phase 2 till program at the Opinaca Project for early summer 2024 to extend the grid to the northeast of the gold and lithium anomalies in order to locate the head of the till trains and possible source deposits of these elements.

A much more detailed mapping and outcrop sampling program in these areas will also be planned for the summer. As a result of the significant lithium and gold anomalies identified in the sample program, the Company has acquired, through staking, an additional 807 mineral claim cells covering 41,672ha to the north, east, and northeast of the current Opinaca Project limits. This increases the total size of the Opinaca Project to 1,651 contiguous mineral claim cells covering 85,267ha.

The additional claims were added to potentially cover any up-ice sources of the anomalous lithium and gold deposit indicator elements and cover the northwest-southeast structural framework that has been interpreted from regional geophysics. The Opinaca Project is located in the James Bay region of Quebec, approximately 40km south of Patriot Battery Metals' Corvette lithium discovery, 45km south of the all-season Trans-Taiga road and 120km northwest of the Renard Diamond Mine. The Opinaca Project covers 85,267 contiguous hectares of the Opinaca geological sub-province, dominantly a metasedimentary region with neoarchean-aged igneous intrusions including of the Vieux Comptoir suite of granites.