December 4, 2025 – British Columbia – Cameo Resources Inc. (CSE: MEO, FSE: Z88) (“Cameo” or the “Company”) is pleased to announce that it has completed the field data collection from its initial Induced Polarization(“IP”) geophysical survey previously announced October 8, 2025. The Company engaged HETAMIS Mineral Services Limited (“HETAMIS”) to conduct the IP survey over its 100% owned, 19.58 square kilometer, Katoro Gold Property (“Katoro” or the “Property”), located in the Geita region of the Lake Victoria Goldfields of Tanzania.
Highlights of the IP Survey:
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The groundwork has been completed and raw data collected over 3.1855 km of the initial IP survey on the Katoro property.
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The raw unprocessed data from 5 grids show multiple priority possibly mineralized drill targets that are coincident with the previously completed magnetic geophysical survey.
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The depth of the unprocessed IP targets is similar to the depth of gold mineralization at the Tembo gold deposit of the Buckreef Gold Mine and theNyamalimbe gold deposits, essentially presiding near surface within the top 60-80 meters of weathered bedrock
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Processed data in a final report showing the highest priority drill targets is expected within two weeks.
HETAMIS has completed their field work and data collection from the initial dipole-dipole IP survey on the Property consisting of 58 line-kilometers in 5 grids covering a total area of 3.1855 km2 (Figure 1). The data has been handed off to Dr. Didas M. Mabula who collaborates with HETIMAS to provide expert data processing and interpretation. The initial raw data presented to the Company has shown multiple targets with high chargeability readings up to 250mV/V. The Company expects to be in receipt of the Final report showing the processed data and making recommendations of the highest priority drill targets.
Brian Thurston, PGeo, states: "The Company’s goal of targeting mineralization and fast-tracking the inaugural drill campaign is close to completion. By the second or third week of December the Company expects to have priority drill targets selected and to have already begin laying the groundwork for an early January drill program. This will be the first ever drilling of the Katoro Property. It is exciting to see the initial IP results indicating the high prospectivity for gold mineralization to be discovered on the Katoro property. The Company remains very motivated as they continue to see similarities between the Katoro Property and the Buckreef Gold Mine just 15km northeast. IP results suggested depths of potential mineralization at Katoro comparable to what is known to occur at the Tembo Gold deposit of the Buckreef Gold Mine. The Company continues to follow good science as it leads to fast-tracking the inaugural drill program.”
Figure 1: Dipole-Dipole Induced Polarization Grids shown overlying Tilt Derivative magnetic data on the Katoro Property.
The Company’s goal of fast-tracking the targeting of proposed drill locations.
Qualified Person
Brian Thurston, P.Geo., the Company’s technical advisor and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information in this news release.
About The Katoro Gold Property
The Property covers 19.58 square kilometers situated within the prospective Sukumaland Greenstone Belt within the Lake Victoria Goldfield (LVGF). One of the most important mining sites in Africa, Tanzania’s LVGF holds several multi-million-ounce gold deposits and has ongoing operations by some of the largest gold companies in the world. The concessions have been mined by artisanal miners for some time, evidenced by the multiple shallow pits and trenches showing iron carbonate altered mafic volcanics (basalts) and quartz feldspar porphyry intrusions. Gold is associated with grey quartz veins and stringers that exhibit a pinch and swell characteristic, parallel to the fabric of east-west shear zones. The concessions occur within a broader area that has seen exploration and mining activities by several companies including, TRX Gold Corporation (TSX:TRX), AngloGold Ashanti plc (NYSE:AU), and IAMGOLD Corporation (TSX:IMG).
About Cameo Resources Inc.
Cameo Resources Inc. is a dynamic mineral exploration company dedicated to discovering and developing valuable mineral deposits. Cameo’s Katoro property covers 19.58 Km2 situated within the prospective Sukumaland greenstone belt within the Lake Victoria goldfield (LVGF). One of the most important mining sites in Africa, Tanzania's LVGF holds several multimillion-ounce gold deposits and has continuing operations by some of the largest gold companies in the world. The concessions have not been explored by modern methods until now. For more information on Cameo Resources, please visit the website at www.cameoresourcesinc.com.
On behalf of the Board of Cameo Resources Inc.
Souhail Abi-Farrage
Chief Executive Officer and Director Phone Number: 1-800-325-1308
For further information contact:
Investor Relations;
Email: IR@cameoresourcesInc.com
Phone Number: 1-800-325-1308
Forward Looking Information
This news release contains certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or” should” occur or be achieved. All statements, other than statements of historical fact, included herein, without limitation, are forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by Cameo, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, risks that lease holder will not approve the sale of the Property, risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Cameo does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.
The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.
