American Pacific Mining (USGD) Investor Update summary

Corporate Overview and Financial Position

• Market capitalization is $56 million with a cash position of $13 million as of July 2025, supporting ongoing exploration and development.

• Fully diluted share count is 248,649,947, with significant insider ownership including a 14% stake by Michael Gentile.

• Two flagship assets: Madison (Montana) and Palmer (Alaska), plus a portfolio of high-grade Nevada gold and silver projects such as Ziggurat, Tuscarora, and Gooseberry.

• Leadership team includes CEO Warwick Smith and President Joness Lang, with extensive exploration and capital markets experience.

• Recognized as the #1 performing gold stock globally in 2021 by the Wall Street Journal Mining Index and nominated for multiple industry awards.

Madison Project Exploration Highlights

• Phase I 2025 drill program completed ~3,000 metres, confirming high-grade gold and copper zones, including 44.1 g/t Au over 1.5m and 0.5% Cu over 27.4m, and linking Broadway and Madison mines.

• Drilling confirmed mineralization extends beyond historical mine areas, with five priority target areas identified for district-wide exploration.

• Multiple holes show significant gold, silver, and copper mineralization, with intervals such as 19.8m @ 2.0 g/t Au and 10.7m @ 0.7 g/t Au, 20.8 g/t Ag, 0.3% Cu.

• Additional sampling in waste areas and stockpiled material indicates potential for near-term cash flow, with grab samples up to 45.4 g/t Au, 100 g/t Ag, and 8.33% Cu.

• All drilling, sampling, and analysis followed rigorous QAQC protocols, reviewed by a Qualified Person under NI 43-101.

Geological Model and Technical Advancements

• Nearly 60,000 m of drilling and over 15,000 samples have built a robust 3D geochemical model, confirming a structural and stratigraphic link between Broadway and Madison mines.

• Integration of historic IP, gamma, and mag drone surveys enhanced target identification and saved $250,000.

• Block modeling and principal component analysis used to delineate mineralization domains and lithologies.

• Geological continuity established along a northwest-trending corridor, with mineralization extending beyond historical mining limits.

• Porphyry-style mineral assemblages and alteration patterns reinforce the interpretation of a deeper mineralized system.