Silverco Mining Ltd. (TSXV: SICO,OTC:QTZCF) (‘Silverco’ or the ‘Company’) is pleased to announce that it has closed its previously announced ‘bought deal’ offering (the ‘Offering’) with Velocity Capital Partners (‘Velocity’) as sole bookrunner and Desjardins Securities Inc. (together with Velocity, the ‘Lead Underwriters’), as co-lead underwriters, on their own behalf and on behalf of a syndicate of underwriters which included ATB Capital Markets Corp., Canaccord Genuity Corp., National Bank Financial Inc. and Raymond James Ltd. (collectively, with the Lead Underwriters, the ‘Underwriters’), for aggregate gross proceeds of $62,500,000.

Eric Sprott, a current insider of Silverco, participated in the Offering with a lead order of $10,000,000.

Pursuant to the Offering, the Company issued, on a ‘bought deal’ basis, (i) 4,000,000 common shares of the Company (the ‘Offered Shares‘) at a price of $12.50 (the ‘Issue Price‘) per Offered Share, for aggregate gross proceeds to the Company of $50,000,000, and (ii) 1,000,000 units of the Company (the ‘Units‘ and together with the Offered Shares, the ‘Offered Securities‘) at the Issue Price per Unit, for additional aggregate gross proceeds to the Company of $12,500,000.

Each Unit consisted of one common share of the Company and one-quarter of one warrant, with each whole warrant being exercisable for one common share of the Company at an exercise price of $18.00 per share for a period of 18 months from the date hereof.

Mark Ayranto, President and CEO, commented: ‘This $62.5 million financing provides the financial strength to match our operational ambitions. Between the pending acquisition of Nuevo Silver and the upcoming restart at Cusi, Silverco is undergoing a fundamental transformation. We are moving into 2026 with a robust balance sheet and a clear path to becoming a significant silver producer.’

The Offered Securities were offered in each of the Provinces and Territories of Canada (other than Québec) as to: (i) the Offered Shares in reliance on the ‘listed issuer financing exemption’ from the prospectus requirements available under National Instrument 45-106 − Prospectus Exemptions (‘NI 45-106‘), as modified by Coordinated Blanket Order 45-935 − Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ‘Listed Issuer Financing Exemption‘); and (ii) the Units in reliance on other exemptions from the prospectus requirements available under NI 45-106 other than the Listed Issuer Financing Exemption (the ‘Private Placement Exemption‘).

The Offered Securities were also offered on a private placement basis in such offshore jurisdictions as mutually agreed between the Company and Velocity, and in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933 (the ‘U.S. Securities Act‘), as amended. Any Offered Securities offered in the United States are characterized as ‘restricted securities’ under the U.S. Securities Act.

The net proceeds of the Offering will be used by the Company for exploration, evaluation and restart work on the Cusi Project, general and administrative expenditures and working capital.

In consideration for their services, the Company paid to the Underwriters a cash fee equal to 5% of the gross proceeds of the Offering, other than in connection with a subscription settled directly with the Company for which no commission was paid.

The Offered Shares issued pursuant to the Listed Issuer Financing Exemption are not subject to resale restrictions pursuant to applicable Canadian securities laws. The Units and the underlying securities issued pursuant to the Private Placement Exemption are subject to a hold period of four months and one day from the date hereof in accordance with applicable Canadian securities laws. The Offering remains subject to the final acceptance of the TSX Venture Exchange (‘TSXV‘).

Insiders of the Company subscribed for a total of 98,000 Offered Shares and 800,000 Units, for aggregate gross proceeds of $11,225,000. The participation by each insider in the Offering constitutes a ‘related party transaction’, within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, in respect of the related party participation in the Offering, as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the interested parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101).There is an amended and restated offering document related to the Offering that can be accessed on SEDAR+ (www.sedarplus.ca) under Silverco’s issuer profile and on the Company’s website at www.silvercomining.com.

The Offered Securities have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Silverco Mining Ltd.

The Company owns a 100% interest in the 11,665-hectare Cusi Project located in Chihuahua State, Mexico (the ‘Cusi Property‘). It lies within the prolific Sierra Madre Occidental gold-silver belt. There is an existing 1,200 ton per day mill with tailings capacity at the Cusi Property.

The Cusi Property is a past-producing underground silver-lead-zinc-gold project approximately 135 kilometres west of Chihuahua City. The Cusi Property boasts excellent infrastructure, including paved highway access and connection to the national power grid.

The Cusi Property hosts multiple historical Ag-Au-Pb-Zn producing mines each developed along multiple vein structures. The Cusi Property hosts several significant exploration targets, including the extension of a newly identified downthrown mineralized geological block and additional potential through claim consolidation.

Cautionary Statement and Forward-Looking Information

This news release contains ‘forward-looking statements’ within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be ‘forward-looking statements.’ Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as ‘anticipates’, ‘plans’, ‘scheduled’, ‘believed’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) including statements regarding the Company’s plans with respect to the Company’s projects and the timing related thereto, the merits of the Company’s projects, the Company’s objectives, plans and strategies, the use of proceeds of the Offering and other matters are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements.

Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, with respect to the use of proceeds, the availability of drills and personnel, weather, the speculative nature of mineral exploration and development, fluctuating commodity prices, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; the availability of contractors; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions, as described in more detail in our recent securities filings available on SEDAR+ (www.sedarplus.ca) under Silverco’s issuer profile. Further to this, geological similarities or characteristics are not guarantees or certainties of successful exploration. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary statements in the Company’s disclosure documents filed with the applicable Canadian securities regulatory authorities on SEDAR+ (www.sedarplus.ca) under Silverco’s issuer profile. The risk factors and other factors noted in the disclosure documents could cause actual events or results to differ materially from those described in any forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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 release.

Not for distribution to United States newswire services or for dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284514

THE Mining Investment Event (‘THE Event’), Canada’s Only Tier 1 Global Mining Investment Conference, is pleased to announce participating issuers and new and returning Partners for 2026.

‘We are excited to share that THE Event has confirmed 130 issuers and over 50 Partners for 2026. We are pleased to welcome new partners: Altitude Capital Partners, Maxit Capital, The Money Channel NYC, Ventum Capital, IAMGOLD Corporation, Apaton Finance, MNP LLP as well as all of the partners who have supported us from the beginning. Recently, we updated our sponsorship terminology to better reflect our business model and to emphasize that we value our Partners as long-term investors as we continue to build this distinctive, Canadian independent global investor platform together. We thank the international mining companies, governments, and the investment community for their continued support,’ stated Joanne Jobin, CEO & Founder of THE Event.

‘THE Event is celebrated for its dedication to diversity and inclusion, exemplified by its distinctive Student Partnership Program and THE SheCo Initiative. This year, we are pleased to share that THE SheCo Initiative, in collaboration with Vior Inc., will donate proceeds from THE Event to Moisson Rive-Sud, a food bank in Quebec that assists those vulnerable to food insecurity. I’m also pleased to announce that our Student Partnership Program for 2026, supported by Glencore Canada, IAMGOLD Corporation, and OR Royalties, is now complete,’ Jobin added.

‘We are one of the Founding Partners of International Mining Week, scheduled for June 1 to 5, alongside The International Trade and Forfaiting Association (ITFA) and The Québec Mining Association (QMA). Both the QMA and ITFA will host their events alongside THE Event, which will focus on one-on-one investor meetings. This collaboration brings together international mining firms, related companies, supply chain experts, investors, and government representatives in a single location. Information on IMW Partners, plenary sessions, and events is available at: www.themininginvestmentevent.com.’

International Mining Week – June 1-5, 2026
THE Mining Investment Event – June 2-4, 2026
THE Event is by invitation only – Interested investors & issuers, please go here:
https://www.themininginvestmentevent.com/register or contact Jennifer Choi, jchoi@irinc.ca

THE Mining Investment Event—Canada’s Only Tier 1 Global Mining Investment Conference^© is held annually in Québec City, Canada. It is independently owned and partnered to facilitate privately arranged meetings among mining companies, international investors, and various mining and government authorities. The conference provides a platform to hear from some of the most influential thought leaders in the sector. THE Event is committed to promoting diversity, equality, and sustainability in the mining industry through education and innovation, supported by its unique Student Partnership Program and THE SHE-Co Initiative.

THE Event is a founding member of International Mining Week (‘IMW’), also taking place in Quebec City. IMW promotes other industry-focused conferences and activities that unite global mining companies, related businesses, supply chain experts, investors, and government officials in one location for discussions and collaborative meetings across the industry.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284375

One Bullion Ltd. (‘One Bullion’ or the ‘Company’) (TSXV: OBUL,OTC:OBULF), a gold exploration company holding complete ownership of three highly prospective mining areas in Botswana, today announced that management will host a booth at PDAC 2026, The World’s Premier Mineral Exploration & Mining Convention, taking place March 1-4, 2026, in Toronto, Canada.

PDAC 2026 Booth Details:
Date: March 3-4, 2026
Location: Metro Toronto Convention Centre, Toronto, Ontario
Booth Number: 2213B

To schedule a one-on-one meeting with One Bullion’s management team, please email KCSA Strategic Communications at OneBullion@kcsa.com.

Market Maker Agreement
The Company also wishes to provide additional disclosure regarding the agreement (the ‘Agreement’) for market making services which it has entered into with Independent Trading Group (ITG), Inc. (‘Independent’), as previously announced on January 27, 2026. The Company shall pay a fee to Independent of Cdn$5,500 per month pursuant to the Agreement, which shall be payable on the first business day of each month. The authorized individual who will be providing the services of Independent pursuant to the Agreement is Mr. Mike Paul Garner. Neither Independent nor any of its principals have any interest, direct or indirect, in the Company or any of its securities. The Agreement remains subject to the approval of the TSX Venture Exchange.

About One Bullion
One Bullion Ltd. is a Toronto-based gold exploration company focused on advancing high-quality gold assets in Botswana, one of Africa’s most stable and mining-friendly jurisdictions. Established in 2018, the company controls approximately 8,004 km² of prospective land across three greenstone belt-hosted gold projects, including Vumba, Kraaipan, and Maitengwe. One Bullion’s strategy centers on disciplined, data-driven exploration — combining modern geological methods with advanced targeting to identify and test high-priority gold targets — while maintaining a commitment to environmental stewardship, community engagement, and long-term value creation for stakeholders.

Contact Information:
Adam Berk, Chief Executive Officer
T: 917-690-7556

Investor Contact:
KCSA Strategic Communications
Jack Perkins or Valter Pinto
T: 212-896-1254
OneBullion@kcsa.com

Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discoveries, is pleased to provide a further operational update on its ongoing 2026 phase of the maiden Mineral Resource Estimate (‘MRE’) diamond drill program at the Trapper Zone within the 100%-owned Radar Titanium-Vanadium-Iron Project near Cartwright, Labrador, Canada.

Drill Program Highlights

• Completed ten (10) holes (R-0016 to R-0025) with significant oxide intercepts ranging from 46.1 m to 111.67 m, predominantly semi-massive oxide with extensive rhythmic layering.
• Multiple holes intercepted broad zones of semi-massive oxide up to 87.08 m, confirming increased oxide concentration and thickness in the southeastern anomaly.
• Quick logs indicate oxide zones from R-0023 through R-0026 are increasing in thickness with a potential average of 100 m in each of the holes.
• Rhythmic banding and semi-massive to massive oxide mineralization observed consistently, aligning with prior high-grade results from Trapper North.
• Drilling progressing efficiently, with the eleventh (11) hole (R-0026) nearing completion.
• The 209 samples from R-0016 and -0017 were received by Impact Global Solutions (IGS) Laboratory in Montreal, Quebec, on February 14, 2026, and assays are expected in about 1 week.
• 350 samples from R-0018, -0019 and -0020 have been prepared for shipping to IGS at the end of the week.

Further to the Company’s news release dated February 12, 2026, the team has completed ten (10) diamond drill holes with depths ranging from 149 m to 275 m, totalling 2,039 m drilled, targeting the southeastern and southwestern oxide anomalies in Trapper South.

Detailed Drill Hole Summary (R-0016 to R-0025)

Table 1: Summary of drill holes R-0016 to R-0025, highlighting the oxide intercepts. Logging of R-0024 & -0025 is in progress. See Figure 1 below which depicts the oxide mineralization in a longitudinal section looking SW showcasing holes R-0016, -0018, -0019, -0020 and -0022.

Figure 1: Longitudinal section of drill holes R-0016, -0018, -0019, -0020 and -0022 highlighting about 700 m strike of semi-massive oxides and rhythmic layering with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey.

The oxide zones in holes R-0016, -0018, -0019, -0020 and -0022 shown in the longitudinal section ‘CC’ (Figure 1 above) highlights about 700 m strike of continuous semi-massive and rhythmic oxide layering.

Early observations indicate the overall average thickness of the oxide horizons in these drill holes have significantly increased to about 100 m thick in addition to a notable increase in semi-massive oxides compared to previous holes. Current logging data indicate that R-0023 (30.58 m), R-0024 (more than 17.18 m; based on quick logs), and R-0026 (up to 13 m; based on quick logs) have thicker semi-massive oxide zones than R-0015 (4.52m). The attitude of the oxide horizons is consistent from all logged holes, striking SE and dipping west.

Notable intercepts (see Table 1 above) include 111.67 m of oxide in R-0018 (including 65.04 m semi-massive), 107.05 m in R-0023 (including 76.44 m rhythmic layering) 91.26 m in R-0022 (with 59.68 m rhythmic layering) 90.08 m in R-0017 (including 87.08 m semi-massive), 87.2 m in R-0020 (with 58.7 m rhythmic layering), 66.45 m of oxides in R-0019, and 58 m in R-0016. R-0024 and -0025 are currently being logged and are expected to be reported shortly.

These holes continue to demonstrate extensive rhythmic oxide layering and semi-massive mineralization, hallmarks of the high-grade oxide sequences observed across the project. The drill rig has continued along the southwestern oxide anomaly in Trapper South and is active on drill hole R-0026.

Figure 2: Cross section of S8 looking NW showing R-0016, -0017, -0023 and -0026, highlighting intercepts of semi-massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Drilling of R-0026 is in progress with logging to follow.

Figure 3: Cross section of S7 looking NW showing R-0018, -0024 and -0025 highlighting intercepts of semi massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. Logging of R-0024 and -0025 is in progress.

Figure 4: Cross section of S5 looking NW showing R-0020 and -0021 highlighting intercepts of semi massive oxides and layering sequence with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey.

Michael Garagan, CGO & Director of Saga Metals, commented: ‘Drilling continues to advance at an outstanding pace, with ten holes now completed totaling over 2,000 meters and oxide mineralization confirmed in every logged interval. The southeastern anomaly at Trapper South is delivering increasingly thick zones—quick logs suggest averages approaching 100 m in the deeper holes R-0023 through R-0026—with notably higher proportions of semi-massive oxide compared to earlier intercepts. This growing consistency in thickness, continuity, and semi-massive character across about 700 m strike reinforces our strong confidence in the scale and quality of the oxide horizons here. Having wrapped up the southeastern targets with R-0022, we’re now focused on the southwestern anomaly, systematically building the dataset needed for our maiden Mineral Resource Estimate while unlocking the full potential of Trapper South.’

With sampling of drill holes R-0018, -0019 and -0020 completed, a total of 350 samples have been prepared and will be shipped to Impact Global Solutions (IGS) Laboratory in Montreal, Quebec at the end of the week. IGS received the 209 samples from R-0016 and -0017 on February 14, 2026, and have confirmed assays are expected within about 1 week. Teams are actively logging and sampling all completed holes, with shipment of additional samples to continue at a pace of approximately every couple of weeks. Assay results from these holes are pending and will be released as they become available. The Company remains on track with its systematic MRE drill program across the Trapper Zone.

Figure 5: Trapper Zone map outlining location of the initial 2026 focus for the remainder of the MRE drill program to be completed in 2026, including cross-sections N11, S11, S8, S7, S6, S5, S4 and longitudinal section CC, showing the TMI of the 2025 Trapper Zone ground magnetic survey.

Key Project Highlights:

• Confirmed mineralization in 25 out of 25 drill holes completed and observed in two primary zones to date.
• Analytical results to date include numerous oxide-rich intercepts, including:

Table 2: Top 7 intercepts from the 2025 drilling programs at both Trapper and Hawkeye Zones

• Infrastructure including road access, deep-water port, nearby hydro-electric power and airstrip.
• Confirmed the 16+ km oxide layering trend that stretches from the Hawkeye Zone to the Trapper Zone.
• Exceptional grades and thicknesses with semi-massive to massive oxide reporting up to 64.55% Fe,13.3% TiO2, and 0.66% V2O5.
• Petrographic analysis confirms titanomagnetite mineralization is advantageous for simplified metallurgical processing.

About the Radar Critical Mineral Property in Labrador

The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex (~160 km²), a unique position among Western explorers. Geological mapping, geophysics, and trenching have already confirmed oxide layering across more than 20 km of strike length, with mineralization open for expansion.

Figure 6: Radar Property map, depicting magnetic anomalies, oxide layering and the site of the 2025 drill programs. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is overlaid by ground-based geophysics, as shown.

Vanadiferous titanomagnetite (‘VTM’) mineralization at Radar is comparable to global Fe–Ti–V systems such as Panzhihua (China), Bushveld (South Africa), and Tellnes (Norway), positioning the Project as a potential strategic future supplier of titanium, vanadium, and iron to North American markets.

Figure 7: Radar Project’s prospective oxide layering zone validated over about 16 km strike length through Fall 2025 drilling, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.

Upcoming Events

Saga Metals will be attending the Prospectors & Developers Association of Canada (PDAC) Conference in Toronto, Ontario, from March 1 – 4, 2026.

For further information, questions, or to arrange a meeting with Management during the Convention, please call Rob Guzman, Investor Relations at Saga Metals Corp.

Tel: +1 (844) 724-2638
Email: rob@sagametals.com

Qualified Person
Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information disclosed in this news release.

About Saga Metals Corp.

Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the North American transition to supply security. The Radar Ti-V-Fe Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including 4,250 m of drilling, has confirmed a large, mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) and ilmenite mineralization with strong grades of titanium and vanadium.

The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares and features uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U3O8. Uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).

Additionally, SAGA owns the Legacy Lithium Property in Quebec’s Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.

With a portfolio spanning key commodities critical to the clean energy future, SAGA is strategically positioned to play an essential role in critical mineral security.

On Behalf of the Board of Directors

Mike Stier, Chief Executive Officer

For more information, contact:

Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as ‘will’, ‘may’, ‘should’, ‘anticipates’, ‘expects’, ‘believes’, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company’s Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company’s assets, and the risks detailed in the Company’s continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

Photos accompanying this announcement are available at 

https://www.globenewswire.com/NewsRoom/AttachmentNg/e86ccae1-3aca-4134-9a78-4a4a72d81cbe

https://www.globenewswire.com/NewsRoom/AttachmentNg/6e4d4609-4e33-45a8-87dc-f535eb7ea9ee

https://www.globenewswire.com/NewsRoom/AttachmentNg/89954161-14d0-440f-98ed-3802ee25294c

https://www.globenewswire.com/NewsRoom/AttachmentNg/a6c22fb9-a241-4823-8071-ad389e0294e8

https://www.globenewswire.com/NewsRoom/AttachmentNg/a6b6bbf7-71e6-437a-953e-0092d9fd72dc

https://www.globenewswire.com/NewsRoom/AttachmentNg/f8650ac7-f530-48a1-8137-e081b289aca8

https://www.globenewswire.com/NewsRoom/AttachmentNg/5c4b0e4a-595a-4088-9abb-075f1ca731a3

Randy’s Pit Extended 25 Metres to the Northwest with 20.6 Metres At 0.64 g/t Gold and 50 Metres to the Southeast with 6.58 g/t Gold over 4 Metres

Sranan Gold Corp. (CSE: SRAN,OTC:SRANF) (OTCQB: SRANF) (FSE: P84) (Tradegate: P84) (‘Sranan’ or the ‘Company’) announces assay results from its ongoing 2026 diamond drilling program currently focused on the Randy’s Pit target. These results continue to extend Randy’s Pit gold mineralization with significant near-surface assay results returned (Table 1). Randy’s Pit lies along the +4.5-kilometre Poeketi Shear Zone (‘PSZ’) which represents one shear zone on Sranan’s 29,000-hectare Tapanahony Gold Project.

Drill hole 26RADD-023 encountered 30 metres (‘m’) of 0.67 grams per tonne gold (‘g/t Au’) starting at 99 m downhole and including a one metre interval assaying 12.53 g/t Au from 106 m. The hole was designed to test the up-dip extension of the significant mineralization intersected at depth in holes 25RADD-013 and 25RADD-004, successfully assessing the vertical continuity within the established PSZ (Figure 2). In drill hole 26RADD-021, an interval of 4 metres averaged 6.58 g/t Au, including one metre grading 21.8 g/t Au. Hole 26RADD-022 contained a 20.6 m interval of 0.64 g/t Au starting from surface. Drill hole 26RADD-020 tested the structural and mineralized gap between the northern and southern portions of the Randy’s Pit target. The mineralization intersected in this hole correlates well with mineralization encountered in the southernmost drill holes, supporting structural continuity across the target area.

Table 1: Mineralized intercepts drilled by Sranan

^*Intervals are composited at a 0.3 g/t Au cut-off with internal dilution up to 10 m tolerated. Widths shown are downhole intervals and may not represent true widths. True widths are unknown.

The PSZ, which hosts the known gold mineralization at Randy’s Pit, is a mylonitic shear zone cutting folded and strained basalt​. At Randy’s Pit, the PSZ is an oblique dextral reverse shear zone​ with the main higher-grade mineralization plunging northwest along the shear fabric​. PSZ shows progressive strain with pre and post shear extensional vein sets​ and visible gold often seen on shear planes in the core.

Figure 1. Randy’s Pit Drill Assay Plan – Highlighting Results from Holes 26RADD-020 to 26RADD-023

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10997/284501_0c523836a4d878eb_001full.jpg

Figure 2. Randy’s Pit Section 455430 N – Highlighting the Relationship Between 26RADD-23 and earlier holes 25-RADD-04 and 25 RADD-013

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10997/284501_0c523836a4d878eb_002full.jpg

Table 2: Drill Hole Locations from This Release

Dr. Dennis J. LaPoint, Executive Vice President of Exploration and Business Development, notes that the current drilling is progressing well with positive drill results and efficient drilling. ‘We are expanding the Randy’s Pit target to the north with trenching and drilling and the PSZ continues to be a well mineralized gold system with multiple ore shoots, high grades, favorable widths at shallow depths and frequent visible gold seen in core. Further drilling will extend to depth and to the south.’

Samples were prepared and assayed by Filab in Paramaribo, Suriname. All samples >2 g/t were re-assayed with 50 gm re-assay and gravimetric assay. Standard QA/QC procedures were followed and showed a satisfactory level of reproducibility. The Company notes that the drill intercepts may not represent true underlying mineralization as core sample intervals are used. Core logging and photography and sampling are completed under industry standard QA/QC protocols (Oreas certified reference materials, assayed coarse blanks, duplicates of core).

Qualified Person

Dr. Dennis J. LaPoint, Ph.D., P.Geo., a ‘qualified person’ as defined under National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this release. Dr. LaPoint is not independent of Sranan Gold, as he is the Company’s EVP of Exploration and Corporate Development.

About Sranan Gold Corp.

Sranan is engaged in the business of mineral exploration and the acquisition of mineral property assets in Suriname. The Company’s flagship Tapanahony Project covers 29,000 hectares in one of Suriname’s most prolific artisanal gold mining districts and Sranan recently announced the acquisition of the 18,468-hectare Lawatino Project situated in southeastern Suriname along the Central Guiana Shear Zone.

For additional information, please visit www.sranangold.com.

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

Forward-looking Statements

Certain statements in this release constitute ‘forward-looking statements’ or ‘forward-looking information’ within the meaning of applicable securities laws including, without limitation, the timing, nature, scope and details regarding the Company’s exploration plans and results at its projects. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as ‘may’, ‘would’, ‘could’, ‘will’, ‘intend’, ‘expect’, ‘believe’, ‘plan’, ‘anticipate’, ‘estimate’, ‘scheduled’, ‘forecast’, ‘predict’ and other similar terminology, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.

Forward-looking statements and information contained herein are based on certain factors and assumptions regarding, among other things, the estimation of mineral resources and reserves, the realization of resource and reserve estimates, metal prices, taxation, the estimation, timing and amount of future exploration and development, capital and operating costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title disputes and other matters. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. The Company does not undertake to update any forward-looking statements or information except as may be required by applicable securities laws.

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