McFarlane Lake Mining has secured written consent from all holders of its 15.0% Senior Secured Debentures to amend its trust indenture, extending the maturity date for approximately US$1,695,000 in remaining principal from October 26, 2026, to October 31, 2027.

The agreement alters the company's funding obligations by eliminating its requirement to fund and top up the interest reserve. Any cash currently held in that reserve will remain available to cover interest payments or be released directly back to the company. The debentures will continue to carry an interest rate of 15.0% per annum, payable quarterly in arrears through the extended maturity date.

These amendments improve near-term liquidity and working capital, ease refinancing pressure, and provide financial flexibility for McFarlane Lake to direct resources toward exploration and development across its Ontario gold assets.

McFarlane Lake holds a portfolio of 100%-owned gold assets across Ontario, including the past-producing McMillan Gold Mine and Mongowin properties located approximately 70 km west of Sudbury and the Michaud/Munro properties located 115 km east of Timmins. Its flagship is the Juby Gold Project located near Gowganda, Ontario, which hosts an inferred resource of 5.06 million ounces of gold at 0.87 g/t contained in 180.67 million tonnes and indicated resources of 1.14 million ounces of gold at 0.95 g/t contained in 37.17 million tonnes, effective August 14, 2026, using a long-term gold price of US$3,600 per ounce. Sensitivities at a gold price of US$4,600 per ounce show the deposit holding 5.40 million inferred ounces at 0.85 g/t and 1.20 million indicated ounces at 0.93 g/t.

McFarlane Lake Mining will issue the full NI 43-101 technical report for the Juby Gold Project within 45 days of the August 18, 2026 mineral resource estimate announcement. The company is currently planning exploration drilling and associated study work to advance the development of the property.

Read the full announcement: McFarlane Lake Announces Extension of US$1.69 Million of Remaining Debentures to October 31, 2027