Gold Miners Rise As Us Rate Cut Expectations Grow

(TheNewswire)

December 4, 2025 – TheNewswire- British Columbia– Cameo Resources Inc. (CSE: MEO, FSE: Z88) (“Cameo” or the “Company”) ispleased to announce that it has completed thefield data collection from its initial InducedPolarization(“IP”) geophysical survey previously announced October 8, 2025.The Company engaged HETAMIS Mineral ServicesLimited (“HETAMIS”) to conductthe IP survey over its 100% owned, 19.58 square kilometer, Katoro Gold Property (“Katoro” or the“Property”), located in the Geitaregion of the Lake Victoria Goldfields of Tanzania.

Highlights of the IPSurvey:

• The groundwork has been completed and raw data collected over 3.1855km of the initial IP survey on the Katoroproperty. 

• The raw unprocessed data from 5 grids show multiple priority possibly mineralizeddrill targets that are coincident with thepreviously completed magnetic geophysical survey. 

• The depth of the unprocessed IP targets is similar to the depth of gold mineralizationat the Tembo gold deposit of the Buckreef Gold Mine and theNyamalimbe gold deposits,essentially presiding near surface within the top 60-80 meters ofweathered bedrock 

• Processed data in a final report showing the highestpriority drill targets is expected within two weeks. 

HETAMIS has completed their field work and datacollection from the initial dipole-dipole IP survey on the Propertyconsisting of 58 line-kilometers in 5 grids covering a total area of3.1855 km2 (Figure 1). The data has been handed off to Dr. Didas M.Mabula who collaborates with HETIMAS to provide expert data processingand interpretation. The initial raw data presented to the Company hasshown multiple targets with high chargeability readings up to 250mV/V.The Company expects to be in receipt of the Final report showing theprocessed data and making recommendations of the highest prioritydrill targets.

Brian Thurston, PGeo, states:"The Company’s goal of targeting mineralization andfast-tracking the inaugural drill campaign is close to completion. Bythe second or third week of December the Company expects to havepriority drill targets selected and to have already begin laying thegroundwork for an early January drill program. This will be the firstever drilling of the Katoro Property. It is exciting to see theinitial IP results indicating the high prospectivity for goldmineralization to be discovered on the Katoro property. The Companyremains very motivated as they continue to see similarities betweenthe Katoro Property and the Buckreef Gold Mine just 15km northeast. IPresults suggested depths of potential mineralization at Katorocomparable to what is known to occur at the Tembo Gold deposit of theBuckreef Gold Mine. The Company continues to follow good science as itleads to fast-tracking the inaugural drill program.”

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Figure 1: Dipole-Dipole InducedPolarization Grids shown overlying Tilt Derivative magnetic data onthe Katoro Property.

The Company’s goal of fast-tracking the targeting ofproposed drill locations.

Qualified Person

Brian Thurston, P.Geo., the Company’s technicaladvisor and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects,has reviewed and approved the technical information in this news release.

About The Katoro Gold Property

The Property covers 19.58 square kilometers situatedwithin the prospective Sukumaland Greenstone Belt within the LakeVictoria Goldfield (LVGF). One of the most important mining sites inAfrica, Tanzania’s LVGF holds several multi-million-ounce golddeposits and has ongoing operations by some of the largest goldcompanies in the world. The concessions have been mined by artisanalminers for some time, evidenced by the multiple
shallow pits and trenches showing iron carbonate altered mafic
volcanics (basalts) and quartz feldspar porphyry intrusions. Gold is
associated with grey quartz veins and stringers that exhibit a pinch
and swell characteristic, parallel to the fabric of east-west shear
zones. The concessions occur within a broader area that has seen
exploration and mining activities by several companies including, TRX
Gold Corporation , AngloGold Ashanti plc , and
IAMGOLD Corporation .

About Cameo Resources Inc.

Cameo Resources Inc. is a dynamic mineral explorationcompany dedicated to discovering and developing valuable mineraldeposits. Cameo’s Katoro property covers 19.58 Km2 situated withinthe prospective Sukumaland greenstone belt within the Lake Victoriagoldfield (LVGF). One of the most important mining sites in Africa,Tanzania's LVGF holds several multimillion-ounce gold depositsand has continuing operations by some of the largest gold companies inthe world. The concessions have not been explored by modern methodsuntil now. For moreinformation on Cameo Resources, please visit the website at www.cameoresourcesinc.com.

On behalf of the Board of Cameo Resources Inc.

  Souhail Abi-Farrage

Chief Executive Officer and Director Phone Number: 1-800-325-1308

For further information contact:

Investor Relations;

Email: IR@cameoresourcesInc.com

Phone Number: 1-800-325-1308

Forward Looking Information

This news release contains certain “forward-looking information” and “forward-looking statements”(collectively “forward-looking statements”) within the meaning of applicable securities legislation. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”,“estimates”, “potential”, “possible”,and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or” should” occur or be achieved.All statements, other than statements ofhistorical fact, included herein, without limitation, are forward-looking statements. There can be noassurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statementsreflect the beliefs, opinions and projections on the date the statements are made and are based upona number of assumptions and estimates that, while considered reasonable by Cameo, are inherently subject to significant business, economic, competitive,political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or maybe expressed or implied by such forward-looking statements and theparties have made assumptions and estimates based on or related to many ofthese factors. Such factors include, without limitation, risks that lease holderwill not approvethe sale of the Property,risks associated with possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, risks associated with the interpretation of exploration results, the possibility that the Company may not beable to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk thatthe Company will not be able toraise sufficient funds to carry out its business plans, and the risk ofpolitical uncertainties and regulatory or legalchanges that might interfere with the Company's business and prospects. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items.Cameo does notassume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by applicable securities laws.

The Canadian Securities Exchange has not reviewed, approved or disapproved the contents of this press release, and does not accept responsibility for the adequacy or accuracy of this release.

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