0749116 BC LLC.
(DBA TERRA ROSSA GOLD LTD.)
VANCOUVER, British Columbia, October 23, 2025 (GLOBE NEWSWIRE) — 0749116 BC Ltd. (formerly Baroyeca Gold & Silver Inc.) (dba Terra Rossa Gold Ltd.) (“Company“”) (TSXV: TPP) is pleased to announce that as a result of its recent listing on the TSX.V under the symbol TRR (see PR dated 20 October 2025), the Company is now well positioned to resume exploration and development activities at its advanced stage Vetas Gold Project (“Vetas Gold Project”).Vienna“) is located in Santander, Colombia, 3 km north of the multi-million ounce Soto Norte gold project. The Company owns 100% of the Vetas Gold Project.
The project was drilled from surface by CB Gold between 2010 and 2013, resulting in the identification of multiple gold veins and stockwork systems, highlighting the potential for high-grade gold and silver vein mineralization.
Between 2010 and 2013, a total of 162 diamond holes were drilled at the site, totaling 71,035 m. Key findings from the analysis include:
Drillhole ED-DDH12-106A from El Dorado returned assays of 19.83 g/t Au and 10.6 g/t Ag over 3.3 m between depths 321.43 m to 324.8 m;
Hole AR-DDH11-06 from the Arias Zone returned 506.69 g/t Au and 89.7 g/t Ag over 0.74 m depth from 162.32 to 163.06 m.
Real Minera's RM-DDH12-11 hole returned 78.14 g/t Au and 12.66 g/t Ag over 3.31m between 98.2m and 101.51m.
Vetas is located in the prolific Vetas California mining region in the epithermal gold-silver belt. including the Soto Norte project. The Vetas gold project is located adjacent to the town of Vetas, a historic mining community approximately 70 kilometers northeast of the city of Bucaramanga. Mineralization and artisanal production at the Vetas Gold Project consists of several narrow Au-Ag-rich veins trending northeast and northwest with a moderate to steep dip. The area has a long history of gold mining, dating back to at least the seventeenth century. Modern geological exploration at the Vetas deposit was started by CB Gold only in September 2009 and completed in 2013.
The Company plans to develop the Vetas Project in the near future through an extensive underground sampling and drilling program to better understand and expand the boundaries of the rich vein resources that can be mined using underground mining methods. Initially this work will involve the collection of existing data, detailed mapping of existing mine workings, detailed sampling of underground channels and the prioritization of targets for subsequent drift and underground diamond drilling.
Table 1. Highlights of drilling analysis for 2010–2013. (based on Barnett and Dishow, 2014)
*True thickness is considered to be approximately 60-70% of the hole width.
Quality Assurance and Quality Control
Previous operators, CB Gold, used standard best quality control practices when collecting core data, including the introduction of commercially certified blanks, sample blanks and duplicates to monitor the accuracy and reliability of their analytical results.
From October 29, 2009 to July 25, 2011, samples were sent to the ALS Laboratories sample preparation facility in Bogotá, Colombia, where they were dried, crushed, separated, and ground. Subsequently, 250 g of pulp was sent to the ALS laboratory in Lima, Peru for analysis. From August 28, 2011 to July 24, 2013, samples were sent to the ACME Laboratories Sample Preparation Facility in Medellin, Colombia, where they were dried, crushed, separated, and powdered. Subsequently, 250 g of cellulose was sent for analysis to the ACME laboratory in Vancouver, British Columbia.
Drill core samples were analyzed by ICP-MS for the presence of a 34-element array including Au and Ag. All samples with Au content greater than 0.075 ppm were submitted for fire analysis with a full metal shield. Samples identified by geoscientists as containing visible gold or otherwise believed to contain high-grade mineralization were automatically submitted for fire analysis with a full metal screen and AA finish. If the minus fraction of the metal screen exceeded 10 ppm Au, then gravimetric processing was also performed.
ACME and ALS Chemex are independent laboratories accredited to ISO 17025 by the Standards Council of Canada to perform a range of specialty testing procedures including: fire analysis of gold and silver with atomic absorption and gravimetric finishing; multielement optical emission spectroscopy with inductively coupled plasma; and atomic absorption tests for silver, copper, lead and zinc.
While sampling, geologists inserted standards, duplicates, and quality control blanks. Each sample batch consisted of a maximum of 65 samples. Each batch included one of five different types of standards (commonly used at any given time) spaced every 10 to 20 samples. The standard sachets (bags) used weighed a minimum of 100 g (Barnett and Dishaw, 2014).
The technical information contained in this press release has been reviewed and approved by Alfonso Rodriguez of APEX Geoscience Ltd., who is a qualified person as defined in NI 43-101.
About the Vetas Gold project
Vetas is located in the Northern Andes of Colombia, approximately 70 km northeast of Bucaramanga, Santander, Colombia (Fig. 1), in the California-Vetas Mining District (“CVMD”), the city of Vetas, Department of Santander, Colombia, in a belt of low to intermediate gold-silver epithermal occurrences sulfidation The Vetas Gold project includes 9 mineral deposits with a total area of approximately 313.9 hectares.
Vetas is located in favorable geological conditions, within the Santander massif. The local geology of the Property includes four main geological units: 1) Bucaramanga Gneiss Complex (Proterozoic); 2) calc-alkaline granitoids of the Santander plutonic series (Triassic-Jurassic); 3) sedimentary rocks (chalk) unconformably overlying gneisses and granitoids in the western part of the California-Vetas mountain region; 4) porphyry quartz-monzodiorite granodiorite bodies (Miocene), cutting all previous strata. Quartz veins, breccias, and silicified tabular bodies representing magmatic hydrothermal events associated with alteration and mineralization of the Plio-Pleistocene section host older rocks throughout the California-Vetas mining district.
The California-Vetas mining district is home to a number of important epithermal gold deposits, including Aris Mining's Soto Norte project, La Baja, San Celestino and Buenavista. Gold-silver mineralization at the Vetas Gold Project occurs in hydrothermal veins and breccias typically associated with gray quartz and sulfides, as well as hydrothermal breccias with gray quartz cement hosting clay-fill altered host rocks. On the surface, mainly in the Real Minera zone, zones of stockwork-like veininess are common.
About 0749116 BC LLC (dba Terra Rossa Gold Ltd.)
The Company is a well-funded gold exploration and development corporation with an experienced mining team. Colombia has a local exploration and administration team and the Company also maintains a community relations office in Vetas. The current Board of Directors and management are focused on enhancing shareholder value through advanced exploration and subsequent development of the Vetas Project.
On behalf of the Board of Directors,
Patrick Downey, CEO
T: 604-802-8492 or [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Investors are cautioned that any information published or received in connection with the Transaction, other than as set forth in the Disclosure Statement prepared in connection with the Transaction, may not be accurate or complete and should not be relied upon. Trading in the Company's securities should be considered highly speculative.
Forward-looking information
This press release contains statements that constitute “forward-looking information” (“forward-looking information“”) within the meaning of applicable Canadian securities laws. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as of the date of this press release. Any statement that discusses projections, expectations, beliefs, plans, projections, goals, assumptions, future events or results of operations (often, but not always, using phrases such as “expect”, “believe”, “continue”, “estimate”, “anticipate”, “intend”, “project” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “will”, “may” or “will” occur or be achieved) are not statements of historical fact and may be forward-looking information.
In particular, and without limitation, this press release contains forward-looking statements regarding the expected resumption of trading of the Common Shares, the issuance of the Exchange's final bulletin, the proposed future development of the Company's business and the expected name change. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions, including the receipt of final approval by the Exchange. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations in any forward-looking information will prove to be correct. Known and unknown risks, uncertainties and other factors may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information. These factors include, but are not limited to: delay or failure to obtain regulatory approvals and general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.
The Exchange has not in any way qualified the substance of the Transaction and has not approved or disapproved of the contents of this press release.
