ONGold and Red Sucker Lake First Nation: A New Chapter in Exploration and Collaboration

ONGold Resources Ltd. (TSXV: ONAU) (OTCQB: ONGRF) has received a significant boost to its Monument Bay gold project in Northeastern Manitoba, as Red Sucker Lake First Nation (RSLFN) has formally invited the company to restart exploration activities. This invitation, following extensive discussions and the establishment of a framework agreement, signals a new chapter in exploration and collaboration between ONGold and the local Indigenous community.

The Monument Bay gold project, acquired from Agnico Eagle Mines Limited in December 2024, is located within RSLFN's traditional territories. The company has been in extensive discussions with the First Nation since closing the acquisition, leading to a framework agreement for the resumption of exploration in parallel with community engagement, aligned with RSLFN's Community Consultation Protocol.

Kyle Stanfield, CEO and Director of ONGold, expressed his enthusiasm about the collaboration: "We are thrilled to be coordinating the re-initiation of field exploration activities at the Monument Bay gold project with Red Sucker Lake First Nation. We are excited to be working with a community with a demonstrated history of dynamism and strong leadership across industry. The recently completed geological compilation has shown enormous potential for ONGold to increase the size of the historic gold resource in the coming months."

The framework agreement for exploration resumption aligns with RSLFN's Community Consultation Protocol, ensuring that exploration activities are conducted in parallel with community engagement. This approach allows ONGold to work closely with the RSLFN, addressing their concerns and incorporating their input into the exploration process. Key considerations for ONGold in maintaining a positive relationship with the community include transparent communication, cultural sensitivity, economic opportunities, environmental stewardship, and long-term engagement.



ONGold's recent geological compilation has shown significant potential for expanding the historic gold resource at the Monument Bay project. Promising targets for exploration have been identified, which could influence the project's economic viability by increasing production and enhancing the project's cash flow and net present value (NPV). The discovery of higher-grade gold zones could also improve the project's economics by reducing the overall cost per ounce of gold produced.

ONGold is well-positioned to unlock the full potential of its portfolio of projects, including the Monument Bay gold project, due to its deep exploration-development technical expertise, strong commitment to social acceptability, mindful Indigenous engagement and partnerships, and proven track record of responsible exploration. By successfully exploring and developing the promising targets identified in the recent geological compilation, ONGold can enhance the economic viability of the Monument Bay gold project and create value for its shareholders.



In conclusion, the collaboration between ONGold and Red Sucker Lake First Nation marks a significant milestone in the exploration and development of the Monument Bay gold project. This partnership, built on mutual respect and engagement, sets the stage for a successful and sustainable exploration campaign that benefits both parties. As ONGold continues to explore the promising targets identified in the recent geological compilation, the company is well-positioned to unlock the full potential of the Monument Bay gold project and create value for its shareholders.