THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia--(Newsfile Corp. - October 21, 2025) - Tiernan Gold Corp. ("Tiernan"), a wholly owned subsidiary of Hochschild Mining PLC (LSE: HOC) (OTCQX: HCHDF) and Railtown Capital Corp. (TSXV: RLT.P) ("Railtown") are pleased to announce that, further to the joint news release dated September 3, 2025 (the "Previous Release"), Railtown has filed on SEDAR+ a technical report (the "Technical Report") titled "NI 43-101 Technical Report and Preliminary Economic Assessment - Tierra Amarilla, Atacama Region, Chile", in respect of Tiernan's large-scale open-pit heap leach Volcan gold project located in the Maricunga Region of Chile (the "Project"). The Technical Report was prepared by Ausenco Chile Limitada and is dated August 29, 2025, with an effective date of July 15, 2025. The Technical Report can be viewed under Railtown's issuer profile on SEDAR+ at www.sedarplus.ca.
For additional information, please refer to the Technical Report and the Previous Release filed under Railtown's issuer profile on SEDAR+ at www.sedarplus.ca.
On behalf of Tiernan Gold Corp.
Greg McCunn, CEO and Director
On behalf of Railtown Capital Corp.
Chris Taylor, CEO and Director
For further information visit www.tiernangold.com or contact:
Email: info@tiernangold.com
For further information contact:
Email: railtowncapital@gmail.com
Tel: +1 (778) 938-5298
About Tiernan Gold Corp.
Tiernan Gold Corp. is a corporation formed under the laws of the Province of British Columbia and a wholly-owned indirect subsidiary of Hochschild Mining PLC (LSE: HOC) (OTCQX: HCHDF), a public company existing under the laws of England and Wales. Tiernan is focused on the disciplined de-risking of the Volcan Project. The Project is strategically located in the Atacama Region of Chile, on the Maricunga gold belt, a jurisdiction that has a long-established history of mining with a number of operating mines, new mines under construction and major projects being developed.
About Railtown Capital Corp.
Railtown Capital Corp. was incorporated under the BCBCA on June 22, 2020. Railtown is listed on the TSX Venture Exchange (the "TSXV") and classified as a capital pool company as defined by TSXV Policy 2.4. Railtown's objective is to complete a "Qualifying Transaction" as defined under TSXV Policy 2.4 by identifying and evaluating potential business acquisitions and to subsequently negotiate acquisition or participation agreements subject to regulatory and shareholder approvals. The shares in Railtown were listed on the TSXV on February 1, 2021 under the trading symbol "RLT.P". Its head office is in Vancouver, British Columbia. 1559261 B.C. Ltd., a wholly owned subsidiary of Railtown, was incorporated under the BCBCA on October 2, 2025.
Trading in the common shares of Railtown is currently halted and will remain halted until completion of the proposed transaction with Tiernan. Railtown does not intend to apply to the TSXV for reinstatement of trading of the common shares of Railtown at this time.
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this news release only, and neither Railtown nor Tiernan assumes any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this news release includes, but is not limited to, statements with respect to the Project and the Technical Report, including, but not limited to, inferred, indicated or measured mineral resources or mineral reserves on and anticipated costs and other economics associated with the Project.
In making the forward-looking statements included in this news release, Railtown and Tiernan have applied several material assumptions, including that that the inferred, indicated or measured mineral resources or mineral reserves on and anticipated costs and other economics associated with the Project are as anticipated.
Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Railtown and Tiernan to control or predict, that may cause either company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to the risks that the inferred, indicated or measured mineral resources or mineral reserves on and anticipated costs and other economics associated with the Project are not as anticipated; as well as the general risk factors related to exploration and development as are set out under the heading "Risk Factors" in Railtown's most recent management discussion and analysis filed under its issuer profile on SEDAR+ at www.sedarplus.ca.
There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Neither Railtown nor Tiernan undertakes to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.
The information contained or referred to in this news release with respect to Tiernan and the Project has been provided by the management of Tiernan and is the responsibility of Tiernan. Management of Railtown has relied upon Tiernan for the accuracy of the information provided by Tiernan without independent verification.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271270
SOURCE: Railtown Capital Corp.
