Discover Manhattan Corporation’s Hook Lake Project: Investment Opportunity

HIGH GRADE GOLD & COPPER DISCOVERY ADDS NORTH AMERICAN POWER TO MANHATTAN'S PORTFOLIO

Manhattan Corporation Ltd (ASX: MHC) has significantly expanded its global reach by entering into a binding agreement to acquire 100% of the Hook Lake Project, a high-grade gold and copper asset located in Canada's mining-friendly Nunavut territory.

Hook Lake Delivers Outstanding Exploration Potential with Historic Resources

The Hook Lake Project hosts the Turquetil Lake high-grade gold deposit with a historical non-JORC estimate of 3.4Mt @ 2.38g/t Au (approximately 285,000 ounces). This mineralisation remains entirely open in all directions, having been tested to only 190m vertical depth.

Historical drilling at Turquetil Lake has delivered impressive gold intercepts, including:

• 27.58m @ 3.33 g/t Au including 13.01m @ 6.29 g/t Au
• 52.78m @ 3.38 g/t Au including 46.22m @ 3.80 g/t Au
• 16.0m @ 5.04 g/t Au
• 15.2m @ 4.50 g/t Au

Beyond the gold mineralisation, the project also shows substantial copper potential at the Heninga Lake Prospect, a volcanogenic massive sulphide (VMS) system where previous drilling returned:

• 10.51m @ 2.91% Cu, 6.70% Zn, 95.67 g/t Ag and 1.04 g/t Au
• 13.71m @ 1.51% Cu, 2.06% Zn, 47.23 g/t Ag and 0.56 g/t Au

Strategic Canadian Gold-Copper Position in Premier Mining Jurisdiction

The Hook Lake Project is strategically positioned within the same highly prospective Archean Greenstone Belt that hosts Agnico Eagle's 6.7 million ounce Meladine Mine, located approximately 130-225km northeast of the project. The region also hosts the in-development Back River Gold District with 9.2 million ounces of gold at 6.04 g/t.

Crucially, the project's 423 sq km land package covers underexplored Archean Greenstone Belts, similar to those hosting major copper discovery at Jervois and other significant gold deposits in the Superior Province (Canada), Western Australia's Yilgarn Craton, and the Birrimian Supergroup in Africa.

Discover more about Manhattan Corporation Ltd's Hook Lake Project and how this acquisition positions the company for potential growth in one of North America's premier mining jurisdictions.

What Are Archean Greenstone Belts?

Archean Greenstone Belts are ancient volcanic-sedimentary rock sequences formed 2.5-4 billion years ago that host many of the world's gold and base metal deposits. These geological formations typically contain metamorphosed volcanic rocks, sedimentary sequences, and banded iron formations that have undergone significant deformation and alteration.

These belts are particularly valuable for gold exploration because the extensive deformation creates structural traps for mineralising fluids, while iron-rich rocks provide chemical environments that can concentrate gold. The Archean Greenstone Belts in Nunavut share geological characteristics with other productive gold regions worldwide, making Hook Lake particularly promising for future exploration.

Heavyweight Mining Experience Joins Manhattan

The acquisition significantly bolsters Manhattan's leadership team with the addition of two key mining industry veterans:

1. Gavin Rezos will join the Board as a non-executive Director. Mr. Rezos brings considerable experience, having previously served as founding Chairman of Vulcan Energy Resources Limited, which grew from a $10 million market cap to over $1 billion during his tenure. He has previously taken three companies from startup to ASX 300 inclusion.

2. Eric Sondergaard will join as Technical Advisor. As a Professional Geoscientist with over 20 years of operational experience, Mr. Sondergaard has a track record of Canadian exploration success. His geological team recently delivered notable results for White Cliff Minerals' Rae project in Nunavut, including an intercept of 175m at 2.5% Cu from 7.6m that ended in higher-grade mineralisation of 4.46% Cu.

"The acquisition brings with it a highly experienced and successful team expected to join Manhattan's Board and management upon completion. This team will play a critical role in unlocking value by advancing the historically defined high-grade Turquetil Lake gold deposit through modern exploration techniques," says Manhattan CEO, Mr. Kell Nielsen.

Multi-Prospect Potential Creates Exploration Pipeline

What makes Hook Lake particularly compelling is the diversity of prospects across its 423 sq km land package:

• Turquetil Lake Gold Deposit: Already defined historical resource with open mineralisation in all directions
• Heninga Lake & Mag Lake: VMS systems with high-grade copper, zinc, silver and gold values
• Red Flats: Hosts significant banded iron formations (BIF) with strong gold potential
• Seahorse Lake: Demonstrated gold mineralisation up to 5.8 g/t Au over 2km of strike
• VG Prospect: Historical rock chip samples returned values up to 709.7 g/t Au
• Spook Prospect: Located along trend toward the Meliadine Mine with 10 zones of promising gold silver veining

Discover more about Manhattan Corporation Ltd's Hook Lake Project and its portfolio of prospects that provide multiple exploration targets.

Immediate Focus and Clear Development Pathway

Manhattan has established a clear roadmap for Hook Lake, focused on rapidly advancing the Turquetil Gold Prospect to an inferred Mineral Resource under JORC (2012) standards. This will involve verification of the historical estimate through drilling and other validatory work over the next 12-24 months.

Simultaneously, the company plans to:

1. Complete geophysical surveys to assist in target generation
2. Compile digital databases from historic data
3. Advance other known prospects to drill-ready status

Investment Case: Why Manhattan Deserves Attention

Manhattan's acquisition of Hook Lake creates multiple paths to potential value creation:

1. Near-term resource potential: The historical gold resource at Turquetil Lake provides a foundation for establishing a JORC-compliant resource in the short term.

2. District-scale exploration upside: With 423 sq km of underexplored Archean Greenstone Belts and multiple prospects already identified, the project offers considerable discovery potential.

3. Proven geological setting: Located in the same belt as multi-million-ounce gold deposits, the geological context is well-established.

4. Diversification advantage: The addition of a North American gold-copper project provides geographical and commodity diversification to Manhattan's portfolio.

5. Strengthened leadership: The addition of accomplished mining executives with proven track records significantly enhances the team's capabilities.

"Shareholder value is further underpinned by the acquisition of 423 sq km of underexplored Archean Greenstone Belts in northern Canada, a Tier 1 mining jurisdiction. The Belt already hosts 3 large operating gold mines, evidencing nearby proven gold endowment and existing mines and infrastructure," notes Mr. Nielsen.

Discover more about Manhattan Corporation Ltd's Hook Lake Project and how it positions the company for significant growth in the North American gold and copper sectors.

For investors seeking exposure to an emerging gold-copper explorer with substantial growth potential, Manhattan's acquisition of Hook Lake positions the company for potential value creation through both resource increase at Livingstone and new gold targets in a premier mining jurisdiction.

Furthermore, Manhattan's strategic approach mirrors that of other successful explorers like Marvel Gold's acquisition of Hanang, showcasing how companies can create value through targeted acquisitions in proven geological settings.

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