Harfang and SOQUEM Expand Gold Footprint in Quebec

MONTREAL, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Harfang Exploration Inc. (TSX-V: HAR) (“Harfang”) and SOQUEM Inc. (“SOQUEM”, and together the “Companies”) announce additional high-grade gold results from a joint Fall 2025 exploration program at Harfang’s wholly-owned Menarik West Property (the “Property”), located in Eeyou Istchee James Bay, Québec (see Figure 1).

Harfang Exploration Inc. and SOQUEM Inc. have announced a strategic expansion of their partnership, focusing on the Menarik project located in southwestern Quebec. This initiative is set to enhance the gold exploration and mining potential in the region, building on their previous successes and established rapport.

The Menarik project covers an extensive area, previously uncharted, that shows promise for significant gold deposits. Harfang has conducted various geological surveys and drilling activities, which have provided insightful data regarding the mineralization processes occurring in the area.

The collaboration between Harfang and SOQUEM aims to leverage both companies' strengths and expertise in mineral exploration. SOQUEM, a subsidiary of Investissement Québec, specializes in mineral exploration and development while Harfang brings its innovative exploration strategies and technological advancements to the table.

This partnership is particularly significant in light of the recent uptick in gold prices, driven by global economic uncertainty. Mining companies are increasingly focusing their efforts on expanding reserves and exploring new territories, making this expansion at Menarik timely and strategic.

The objective of this expansion is to delineate new gold resources effectively and efficiently. Harfang's exploration strategy will involve advanced geological interpretations and models based on previous drilling results and surface sampling. By integrating modern technology and techniques, the companies are optimistic about discovering new gold deposits.

Moreover, this venture will create local job opportunities and contribute to the economic development of the region. The partners are committed to conducting their exploration activities responsibly, ensuring they meet environmental standards and engage with local communities to foster good relationships.

In summary, Harfang and SOQUEM's collaboration at the Menarik project signifies a promising step toward uncovering new gold prospects in Quebec's mining sector. As they embark on this journey, both companies are poised to make a substantial impact on the region's economy and the gold market.