Fitzroy Minerals Reports High-Grade Copper Intercepts, Advances PFS in Chile

Fitzroy Minerals Inc. (TSXV: FTZ, OTCQX: FTZFF, FSE: C3Y) has announced significant progress at its Buen Retiro Copper Project in Copiapo, Chile, with promising definition drilling results, the commencement of metallurgical test work for a Pre-Feasibility Study (PFS), and the completion of a major geophysical survey. The company, led by President and CEO Merlin Marr-Johnson, reported that drill hole BRT-DDH048 intersected 92.5 meters at 0.53% copper from just 3.5 meters depth, including a higher-grade zone of 46.0 meters at 0.82% copper. Similarly, drill hole BRT-DDH049 returned 83.0 meters at 0.57% copper, with 43.0 meters at 0.90% copper. These results are part of a 32-hole, 5,143-meter definition drilling program using two rigs to delineate a maiden mineral resource estimate, with the aim of completing this phase by May before reallocating rigs for further exploration and geotechnical work.

The core message from management emphasizes the rapid advancement of resource definition, with many samples exceeding laboratory limits for standard assay methods, indicating "plenty of copper in the system." A key milestone is the start of metallurgical test work at SGS Laboratories on a 2,900-kilogram representative sample, which will evaluate copper extraction kinetics, acid consumption, and heap leach performance across three defined geo-metallurgical domains: a higher-grade oxide domain (≥0.5% Cu), a lower-grade oxide domain (0.10-0.5% Cu), and a mixed supergene transition domain. Concurrently, Fleet Space Technologies has completed a passive seismic Ambient Noise Tomography (ANT) geophysical survey over a 5 km x 5 km area, with data processing underway to aid in the hunt for major sulphide discoveries. The company's strategy involves leveraging potential cash flow from a heap leach operation to fund further exploration in Chile with minimal dilution.

Additional details highlight the company's rigorous quality assurance procedures, with samples analyzed at ALS-Patagonia laboratory and oversight by independent Qualified Person Dr. Scott Jobin-Bevans. The drilling has revealed a consistent mineralized package approximately 80-90 meters thick in the southwest area, dipping steeply to the east-northeast. Fitzroy Minerals, which also holds projects in Argentina and Canada, is focused on copper exploration and development in the Americas. For more information, readers can visit the company's website at www.fitzroyminerals.com or view the original release on www.newmediawire.com, which provides further context on these developments as the company moves toward its maiden resource estimate and economic study.