Gold Explorer Discovers Significant Qubec Gold Expansion, Over 100,000 Meters Still Unexplored

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Radisson Mining Resources Inc. (RDS:TSX.V; RMRDF:OTCQB) announced on May 4, 2026, results from 16 new drill holes at its 100%-owned O'Brien Gold project in the Abitibi region of Québec, Canada. Highlights include:

• OB-26-384, the deepest hole ever drilled at the O'Brien Gold Project, intersected 4.54 grams per tonne ("g/t") gold ("Au") over 12.0 meters (core length) including 16.85 g/t Au over 1.0 meter and including 12.87 g/t Au over 1.0 meter and 7.21 g/t Au over 2.0 meters including 9.91 g/t Au over 1.0 meter;
• OB-25-378W2 intersected 5.96 g/t Au over 6.9 meters, including 8.77 g/t Au over 3.7 meters, and 11.65 g/t Au over 1.5 meters, and 8.77 g/t Au over 1.3 meters;
• OB-26-385W1 intersected 20.39 g/t Au over 1.5 meters and 16.61 g/t Au over 1.5 meters;
• OB-26-385 intersected 4.13 g/t Au over 4.7 meters, including 15.29 g/t Au over 1.0 meters and 5.55 g/t Au over 1.2 meters

Today's release showed significant gold intercepts in the new pilot hole OB-26-384 at 1.9 kilometers, which is the deepest hole ever drilled at the project. These results are part of a larger 140,000-meter step-out drill program to extend mineralization beyond the company's March 2026 Mineral Resource Estimate (MRE).

In reference to drill results, Matt Manson, President and CEO of Radisson, said, "Since late 2024, we have been engaged in an aggressive 140,000-meter program of step-out drilling at the O'Brien Gold Project with the objective of testing the full scope of mineralization down to a 2-kilometer floor. Drill results reported through the course of 2025 and early 2026 confirmed the presence of an increasingly significant, high-grade gold vein system beneath the historic O'Brien mine workings and below the modern mineral resource area. On March 2 we published an interim update to the Project's Mineral Resource Estimate with a meaningful 82% increase in Inferred Mineral Resources based on the drilling completed to that date. Now, we are reporting additional high-grade results that extend the scope of mineralization further still. The headline result is from new pilot hole OB-26-384, the deepest drill hole ever completed at the Project, which has returned multiple high-grade intercepts of gold in classic vein settings at 1,900 meters vertical depth, a full 350 meters below the current limit of mineral resources in this area."

Manson continued, "Overall, seven out of seven holes completed in the central 'O'Brien' and 'East O'Brien' target areas have returned intercepts with thicknesses and gold grades consistent with the Project's mineral resources, giving an overall success rate of 79% for the step-out drilling completed to date. A fence of nine shallow holes in the lower-priority "Thompson-Cadillac" area have confirmed the extension of the Project's mineralizing system west of the historic mine, albeit at lower average grades. Looking forward, seven drill rigs are active at the Project, with twenty-two additional holes completed or in progress, thirteen of which have returned visible gold intercepts."

Radisson Mining Resources Inc. is a Canadian gold exploration focused on its O'Brien project located in the Bousquet-Cadillac mining camp in the renowned Abitibi area.

Gold's Future Looking Bright

On May 4, 2026, Ben Pirie and Nicholas Cortellucci, CFA, for Atrium Research, weighed in on the current metals market, arguing that the market is slightly down due to the ongoing conflict between the U.S. and Iran. They wrote, " The war-driven surge in energy and higher inflation levels have reset rate-cut expectations, which is technically a headwind for gold, yet the metal held its ground. With that said, we remain in a fundamentally new price environment for precious metals versus this time last year, a reality that came into clear focus with Q1 earnings reported this month."

They went on: "Gold was down 1.2%, silver was down 1.9%, and copper extended gains, rising 6.7%. Gold and silver mining equities fell alongside the underlying metals, with GDX
down 3.8%, GDXJ down 3.1%, SILJ down 1.7%, while the COPX was up 4.2%. The TSX gained 3.7% on the month, while the S&P 500 was up 10.7%, as miners underperformed the broader indexes."

There is some evidence that the U.S. dollar is holding strong, even among slight dips. On May 3, CNBC reported that Han Tan, Chief Market Analyst at Bybit, said, "The dollar edged higher against peers, ⁠making dollar-priced bullion more expensive for other currency-holders. Gold is likely to remain sensitive to the ‌ever-fluid geopolitical landscape, which in turn frames the global inflation outlook." The article goes on to assert that gold is still expected to be higher by the end of 2026 than by the end of 2025, which was already at an all-time high.

In a price comparison, Yahoo Finance listed the recent prices of gold as follows: -1.4% one week ago, -2.5% one month ago, and +43.4% from one year ago, showing a strong upward trend.

Valks Calls Results 'Persistent'

On April 30, 2026, Jeff Valks of The Gold Advisor wrote about Radisson's release, celebrating the deep drill results and saying, "These are classic Abitibi-style vein hits — narrow, repeatable, and persistent at depth."

In regard to the stock price, Valks wrote, "On the US chart, the stock is up 10% as I write — and given a series of strong updates, the stock has climbed to a 260% return in the last year. That said, it's still a 'Buy' on dips. I hold a long position; [my colleague] Jeff Clark maintains an overweight position with no plans to sell."

Over 100,000 Meters of Drilling Planned

According to its investor presentation, the company has budgeted for 72,000 meters of exploratory drilling at O'Brien through 2026, as well as an additional 32,500 meters in the first half of 2027.

Radisson is also working on environmental baseline data for future permitting and planning additional engineering studies to optimize mine plans.

Ownership & Share Information¹

Radisson Mining Resources Inc. has a market cap of CA$499.15 million, with 434.04 million shares outstanding. The company's 52-week range is CA$0.30-CA$1.18.

Institutions own 10.60% of shares, and Management & Insiders own 6.65%. The remaining 82.75% of shares are Retail.