Signature Resources Ltd. announced that its contractor Watts, Griffin, McOuat (WGM) has completed updating its geologic model by incorporating the historical drilling completed in the 1980's. This was an important step in roadmap to defining the prospects of the Lingman Lake Project and delivering on objectives for 2024. With the addition of the 1980's drilling to the geologic model, The company has significantly extended the identified high-grade mineralization (greater than 5g/t), in the working geologic model. With the additional drilling data, WGM have identified zones of moderate grade mineralization (>2 g/t and <5 g/t) which was never a focus of past exploration efforts despite being less than 200 metres from surface.

This updated model provided with a more data rich package in which to identify areas of interest and allowed to design an efficient drill program to meet goals to drive shareholder value. New targets identified by Artificial Intelligence Modeling: While completing the updating of the model, through the use of Artificial Intelligence Interpolation (AI), several new targets emerged that were identified as highly prospective. All these targets will be tested by the 2024 program designed by WGM and reviewed and approved by Signature's exploration team.

Interestingly, a number of these targets are reinforced by geophysics that was not available to the AI software during the first iteration, The company is excited to be able to use these new modeling techniques to target areas within the property that can quickly expand the resource and more efficiently use exploration funds. 2024 Work Program: Now that WGM has updated geologic model and designed the 2024 drill program. Signature plans to conduct an extensive field program that will focus on: 1) mapping historical activity at the site, 2) structural mapping, 3) locating proposed drill locations and reviewing any structural outcroppings that might better locate and design proposed drill holes.

The drill program is designed to most efficiently use exploration funds to enrich understanding and knowledge of the Lingman Lake Project. This drill program totalling 5,000 metres will include full hole core assaying for each hole, thereby providing total lithological gold distribution giving a much richer data package about the mineralization contained in the envelope around the mineralized zones. Prior drilling had not undertaken such extensive assaying of the core and this data will be very beneficial to the planned resource estimate.

The Spring exploration program will focus on compilation and detailed mapping of surface outcrops in the Lingman Lake deposit to better inform the planned drill program. It is anticipated that the drilling program should commence in early summer and will be executed in three 30-day programs with a two-week program by the geologic team to complete the data interpretation. Signature and its shareholders have made a significant investment in its exploration camp and drilling equipment which provides flexibility when exploring property and scheduling drill programs. The company can very efficiently conduct drilling programs at a reduced cost.

Once the field work, drilling and assay work is complete, the data can be turned over to the resource team which should be able to begin the process of compiling and publishing an initial NI 43-101 resource. Completing the drilling program and the publishing of initial resource will be dependent upon the raising of additional capital. If Signature is able to fund the programs in a timely manner it is anticipated that the resource estimate could be completed early in calendar 2025.