Olympio Metals Secures CAD$500K from Dufay Sale to Fund Bousquet Drilling

• Binding agreement to divest Dufay Project for CAD$500,000 in cash and shares
• Transaction expected to close in Q1 2026 pending regulatory approvals
• Funds from sale to accelerate exploration at Bousquet Gold Project
• Bousquet located near multi-million ounce gold mines on the Cadillac Break
• Fokus Mining expands Quebec presence with Dufay acquisition

Olympio Streamlines Portfolio with Dufay Sale

Olympio Metals Limited (ASX – OLY) has taken a decisive step to sharpen its strategic focus by signing a binding Asset Purchase Agreement to divest its Dufay Project in Quebec to Fokus Mining Corporation (TSX-V – FKM). The deal, valued at CAD$500,000 in a combination of cash and shares, is expected to close in the first quarter of 2026, subject to customary regulatory approvals and conditions.

This divestment marks a clear pivot for Olympio, allowing the company to concentrate its resources and attention on the Bousquet Gold Project, which recent drilling has highlighted as a highly prospective asset. The sale of Dufay not only simplifies Olympio’s portfolio but also injects additional funding to accelerate exploration efforts at Bousquet.

Bousquet – A Promising Gold Frontier

Located within 15 kilometres of Agnico Eagle’s La Ronde and Iamgold’s Westwood mines, both multi-million ounce gold producers, Bousquet sits on the prolific Cadillac Break, a geological structure renowned for hosting world-class gold deposits exceeding 110 million ounces. Olympio’s recent 7,083-metre diamond drilling program at Bousquet has generated a strong pipeline of regional targets, particularly north of the Cadillac Break, where exploration remains largely untapped.

Managing Director Sean Delaney emphasized the significance of this strategic refocus – "Bousquet continues to emerge as an exceptional opportunity for Olympio, and the sale of Dufay allows us to direct our full attention to this exciting project. With multiple new targets being defined along the Cadillac Break, including areas that remain virtually untouched, we are now in a strong position to drive exploration in one of Canada’s premier gold belts."

Fokus Mining Expands Quebec Footprint

For Fokus Mining, acquiring the Dufay Project complements its existing portfolio in the Abitibi region, including the nearby 1.4 million ounce Galloway gold project. The acquisition strengthens Fokus’s position in a prolific mining district and aligns with its strategy of expanding precious metals resources in Quebec.

Completion of the transaction hinges on several conditions, including TSX Venture Exchange approval for the issuance of shares to Olympio and the vendors, as well as compliance certificates from federal and provincial authorities. The consideration shares will be subject to a four-month escrow period, reflecting standard market practice.

Looking Ahead

As Olympio transitions its focus, the market will be watching closely for updates on exploration progress at Bousquet. The company’s ability to unlock value from this project could define its trajectory in the competitive gold exploration landscape of Quebec.

Bottom Line?

Olympio’s divestment of Dufay signals a sharpened focus on Bousquet, setting the stage for potentially transformative exploration results.

Questions in the middle?

• What new targets will Olympio prioritize at Bousquet following the divestment?
• How will Fokus Mining integrate Dufay into its existing Quebec portfolio?
• Could regulatory or market conditions delay the closing of the transaction?