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Québec · Phosphate

CH-98 Phosphate Property

Inspiration Mining Corp. has entered into an arm's-length agreement with Beauce Gold Fields Inc. to acquire a 100% interest in the CH-98 phosphate property in the Lac-Saint-Jean region of Québec, subject to necessary regulatory approvals.

Regional Context

Québec's
Phosphate District

The CH-98 property is situated within Québec's Lac-Saint-Jean anorthositic suite, a region known for its significant igneous phosphate occurrences.

The property is located near Arianne Phosphate's (TSXV: DAN) Lac à Paul phosphate project and within the broader Saguenay-Lac-Saint-Jean region that also hosts First Phosphate Corp.'s (CSE: PHOS) Bégin-Lamarche phosphate deposit.

Location & Access

The CH-98
Property

Location
Lac-Saint-Jean region of Québec
Land Package
111 mining claims
Access
Accessible by the Lac Froid gravel road

Completion remains subject to receipt of the required regulatory approvals.

Strategic Rationale

Why Phosphate

Critical Minerals

Phosphorus was added to Canada's Critical Minerals List in 2024, and Québec added apatite to its list of critical and strategic minerals in 2024.

Fertilizer & Battery Materials

Phosphate is used in fertilizer production and can serve as a feedstock for phosphoric acid and lithium iron phosphate (LFP) battery materials.

Geological Setting

Lac-Saint-Jean
Anorthositic Suite

Beauce Gold Fields previously reported outcrops of granoblastic anorthosite containing coarse apatite, with additional apatite-bearing gabbro-norite mapped in the eastern sector.

Beauce Gold Fields also identified a nearby northeast-southwest-trending fault corridor as a possible structural influence on apatite concentration.

Field sampling at CH-98 Phosphate Property
Source: Beauce Gold Fields, November 2025 release

Previously Reported Results

Sampling &
Preliminary Metallurgy

Previously reported by Beauce Gold Fields, including in its November 17, 2025, March 12, 2026 and May 6, 2026 news releases.

Québec Government Sampling · 1998

8.59% P₂O₅

Québec government sampling in 1998 reported 8.59% P₂O₅ at the CH-98-61 outcrop.

Preliminary COREM Flotation

Concentrate grading up to38.9% P₂O₅

COREM laboratory flotation test work on material from CH-98-61 produced a concentrate grading up to 38.9% P₂O₅ at 93.4% recovery under the tested conditions.

The sampling and metallurgy do not establish the average grade, continuity, economic viability or commercial-scale recoverability of mineralization across the property. Read the November 2, 2026 news release.

CH-98

Looking Ahead

“We look forward to building an exploration program to better understand the size, continuity and metallurgical characteristics of the apatite mineralization.”
Charles Desjardins
Chief Executive Officer · November 2, 2026

Completion remains subject to receipt of the required regulatory approvals.

Sources and technical information

Project information is drawn from Inspiration Mining Corp.'s November 2, 2026 acquisition announcement. The technical information in the November 2, 2026 news release has been reviewed and approved by Christian Tremblay, M.Sc., P.Geo., an independent Qualified Person as defined by National Instrument 43-101.

The interactive map includes dated Québec MRNF / GESTIM title and restriction data and Québec MELCCFP protected-area data. Arianne's outline represents registered titles in the Lac à Paul area; it is not a verified complete project boundary. Map sources and dates are available through its Sources control.

The sampling and metallurgy were previously reported by Beauce Gold Fields. They do not establish the average grade, continuity, economic viability or commercial-scale recoverability of mineralization across the property.