Epic Gold Corp.

Epic Gold Corp. is a mineral exploration company, which engages in evaluating, acquiring, and exploring mineral properties in Canada. Its focus and primary objective is the exploration of the Bullseye. Its projects include Johnathan’s Pond, Mount Peyton, Middle Ridge, True Grit, Great Bend, Gazeeow and Dog Bay. The company was founded on May 28, 2018 and is headquartered in Vancouver, Canada.

It’s worth noting that they’ve changed their name from Exploits Discovery Ltd.

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I’ve come across this stock because of a very interesting video. They describe themselves as a company in transition. They have 3 new properties in Quebec, and a major property in Ontario that Eric Sprott has a 14% holding in side of and they have done a deal with NewFound gold that is valued around $11M CAD.

NewFound Gold Deal

The deal with NewFound Gold, an emerging gold producer in Newfoundland (an excellent company that I believe is a BUY at the time of writing), has provided Epic Gold with a little bit of runway. On December 5, 2025, Exploits Discovery Corp. completed the sale of a 100% interest in substantially all of its Newfoundland mineral claims to New Found Gold.

• The deal has given that 2.8M shares of Newfound (they received this deal when the share price was $2.48 CAD)
• Additionally, they still hold a 1% royalty on this property deal as well, in proximity to some very large high-grade deposits in the region.

The point that really stood out to me was “we’re basically trading at cash value right now”.

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• Name: Epic Gold Corp.
• Ticker: EPG.CSE
• Exchange: Canadian Securities Exchange
• Founded: 2018
• Industry: Gold
• Sector: Materials
• Market Cap: CA$11.605m
• Listing Market Cap: CA$8.431m
• Shares Outstanding: 211.00m

Admittedly, I think its a bad sign when companies change their names–but buying something for near cash value with what amounts to free assets on their books can’t be ignored

Aside from financial assets, they have two other interesting mining project assets:

• Their new properties in Quebec, each of which, have 700,000 of gold according to historic resource estimates.
• Their Hawkins project in Ontario is a location of 60km2; 1.5km of which has a demonstrated 300,000 oz. in the ground.

Facts: Québec & Ontario focus

They inherited historical resources across projects:

Benoist (best one)

• ~134k oz indicated
• ~107k oz inferred 

Hawkins

• ~328k oz inferred 

Fenton

• ~63k oz (non-compliant, very old) 

Total “headline”:

• ~680k oz historical across portfolio 

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But here’s the critical nuance:

These are:

• Pre-43-101 (in some cases)
• Or 43-101 but owned by previous operators
• Not verified by Epic Gold

In mining terms, we’re working with geological guesswork now–but this is not to say that they have nothing in the ground (which is how they are trading).

• Official name change announced Feb 2026 
• New ticker: EPG from NFLD previously.
• No dilution or structural change — purely branding + strategic reset 

Why they did it (real reason, not PR spin):

• “Exploits Discovery” was tied to Newfoundland exploration narrative
• “Epic Gold” is:
  • Broader
  • More marketable
  • Signals a portfolio strategy beyond one district

This is often done when: A company wants new investor attention, there’s been underperformance or strategic pivot or new management wants a “clean slate”.

It’s fitting because they’ve had a leadership change. Rod Husband was appointed CEO at the beginning of this year to optimize a new multi-project portfolio.

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Stage of development

• No production
• No cash flow
• Exploration + drilling only

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Financial position (main strength for explorer)

• ~$15M cash (2026)
• Previously:
  • ~$5M cash
  • Zero debt

This matters a LOT because most juniors die from dilution. Meanwhile, Epic has runway to drill without immediate financing

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Reminder When Playing with Burning Matches

Classic junior explorer model:

1. Acquire land in prospective districts
2. Drill → hope for discovery
3. If successful:
   • Sell project OR
   • JV with major OR
   • Raise capital at higher valuation

Our capital goes straight into the ground on the anticipation this will be a positive turn around.

1. Exploration risk: No guarantee of economic deposit

2. Dilution risk: Even with cash, juniors eventually raise more

3. Narrative reset risk: Rebrands often follow market disappointment

4. “Historical resources”: Can be misleading vs modern compliant resources

A lottery ticket on a geological discovery

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Strategy shift (this is the real story)

Under the new CEO:

Focus areas:

• Prioritize best assets (kill weak ones)
• Faster drill → result → decision cycles
• Potential acquisitions 

This suggests:

• They may pivot away from Newfoundland-only thesis
• Could become a multi-project generator

The Paraguay Problems You Don’t Hear About Part 2

What makes it interesting

This is where it might actually fit your thinking:

• Strong cash relative to market cap
• Fresh management reset
• Multiple shots on goal (4 projects)
• Operating in Tier-1 jurisdictions (Canada) with the potential to JV with a major and an already established relationship with NewFound Gold.

• High-grade discovery in Québec/Ontario

A market rerate from around 10M to 50M is well within reason. Making this a worthwhile asymmetric optionality play. Around 5X here.

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No doubt, they are at an inflection point–a lot has to occur for this to really take off. Currently, they’re not even throwing drills to the ground in a big way–instead they’re taking time to try to understand the systems behind their new properties–which is prudent but it will mean shareholders may have to wait a little longer.

However I think the risks are inherently low given the low market cap and known gold assets in the ground, coupled with a 1% NSR on a near-term producer. Not too many junior mining stocks are able to position themselves for the longer term as most are scrambling for capital, yesterday!

Bottom line

Epic Gold Corp = early-stage, high-risk exploration bet with a recent strategic reset. The name reset is an attempt to encompass their multi-asset strategy and provide a new investment theme for investors. Ultimately, this is an exploration company that requires our capital at the end of the day to shoot it into the ground using a drill bit. Notwithstanding this sorry reality, they’re also a company with:

• Cash on the books
• Speculative upside: if their future MRE proves high grade metals this could explode
• Already the recipient of a deal to fund further exploration.

Interested in Putting Your Capital to Obscure Value Stocks or High Risk/High Return ones like Epic Gold? Contact Me