Saga Metals Corp. (‘SAGA’ or the ‘Company’) (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery, is pleased to announce the assay results for two (2) additional diamond drill holes (R-0010 and R-0011) from the Company’s Q4 2025 Phase of the Mineral Resource Estimate (MRE) drill program in Trapper North at the Radar Ti-V-Fe Project, located near the port of Cartwright in Labrador, Canada.

Trapper North Assay Highlights

• Analytical results have now been obtained for all four (4) diamond drill holes in Trapper North Zone and constitute four (4) of eight (8) drill holes completed during the Q4 2025 Phase of the MRE drill program.
• Analytical results to-date include numerous oxide-rich intercepts, including:
  • R-0010: 135.50 m grading 50.03% Fe₂O₃, 7.87% TiO₂, and 0.352% V₂O₅.
  • R-0011: 95.15 m grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.220% V₂O₅.
  • R-0009: 87.20 m grading 50.67% Fe₂O₃, 10.15% TiO₂, 0.339% V₂O₅
  • R-0008: 67.60 m grading 46.15% Fe₂O₃, 9.21% TiO₂, 0.311% V₂O₅
• TiO₂ strength:
  • 42.6% of samples > 7% TiO₂ (700 samples majority of which are 2 m)
• V₂O₅ strength:
  • 53.7% of samples > 0.2% V₂O₅ (700 samples majority of which are 2 m)
• Continued consistency and increase in overall oxide concentration in Trapper Vs Hawkeye.

Assay Results from R-0010 and R-0011

• Hole R-0010 (collared at the same location as R-0009 but oriented at 0° azimuth for true width assessment): Intercepted 135.5 meters (from 1.5 m to 137 m) grading 50.028% Fe₂O₃, 7.872% TiO₂, and 0.352% V₂O₅.
• Hole R-0011 (100-meter step-out along strike from R-0009 and R-0010): Intercepted 95.15 meters (from 58.1 m to 153 m) grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.22% V₂O₅. Additionally, this hole also encountered a 22-meter interval of rhythmically banded oxide, suggesting more persistent layering occurs away from the concentrated mass in the fold nose.

For comparison with the rest of Trapper North, the following table summarizes key intercepts from all four drill holes completed in Q4 2025.

Table 1: Assay results and composites of R-0008, -0009, -0010 and -0011 from Trapper North.

Michael Garagan, CGO & Director of Saga Metals, commented: ‘The successful assay results from all four drill holes at Trapper North mark a significant milestone for the Radar Project. These latest intercepts from R-0010 and R-0011 confirm the continuity of high-grade mineralization along the northern limb. This structurally related increase in thickness boosts Trapper as a standout zone with tremendous potential for titanium, vanadium, and iron mineral resources, advancing our goal of establishing a strategic North American supply of critical minerals.’

Figure 1-3 below outline all four drill holes in Trapper North with the corresponding intercepts at different viewing angles for a complete, accurate picture of the subsurface geometry:

Figure 1: Cross-Section BB looking West showing R-0008, -0009, and -0010 highlighting high-grade intercepts with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. For the full set of R-0008 & R-0009 assays see Figure 3 cross-section N-11.

Figure 2: Cross-Section AA looking West showing R-0008, -0009, and -0011 highlighting high-grade intercepts with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. For the full set of R-0008 & R-0009 assays see Figure 3 cross-section N-11.

Figure 3: Cross-Section N-11 looking Northwest showing R-0008, -0009, -0010 and -0011 highlighting high-grade intercepts in holes R-0008 & -0009 with the 3D Magnetic Inversion of the 2025 Trapper Zone ground magnetic survey. For the assays of R-0010 & R-0011 see Figures 1 & 2 Sections BB & AA.

Trapper North Drill Hole Details and Geological Insights

Hole R-0010 was collared at the same location as R-0009 but re-oriented to a 0-degree azimuth (compared to the standard 38 degrees) in order to test the northern limb of the Trapper North Fold. Both holes maintained a -45-degree dip. This allowed the team to drill directly through the anomaly and oxide layering at an optimal angle, enabling precise correlation of structural data between R-0009 and R-0010 while clearly defining the northern contact and limits of the oxide layer.

Hole R-0011, drilled as a 100-meter step-out along strike from R-0009 and R-0010, successfully tracked the continuation of the semi-massive oxide layer that is particularly abundant through the nose of the fold. Notably, it also intercepted a 22-meter interval of rhythmically banded oxide. This zone provides an outstanding window into the deposit, featuring exceptionally high VTM content.

Additionally, deeper oxide layering in R-0011, appeared to shallow toward the northeast—an intriguing observation that could indicate a potential at-depth connection between the Trapper and Hawkeye zones, further supporting the theory that this section of the property is one large lopolith. While this remains theoretical at present, the team intends to test the concept with future drilling once additional data increases confidence in its likelihood.

Mineral Resource Estimate Focus

The drilling in Q4 2025 at Trapper North forms part of the Company’s broader strategy to advance toward a maiden Mineral Resource Estimate for the Radar Project. The economic target is the large, continuous sections of oxide mineralization (semi-massive to massive VTM and ilmenite layers) that demonstrate consistent and exceptional grades in titanium, vanadium, and iron—critical minerals for North American supply security needed in defense, aerospace, renewable energy, and steel production.

Drilling these extensive oxide zones provides essential data on grade, thickness, continuity, and geometry, enabling the definition of a robust resource. The exceptional results from Trapper North validate the priority of targeting these enriched structural features. The rhythmic banding seen in drill hole R-0011 and in Trapper South to-date adds to the overall consistency and exceptional mineralization across the entire Trapper Zone. These elements inform the ongoing 2026 drill campaign, designed to systematically grid and delineate these zones across the Trapper Zone for increased resource confidence.

Next Steps at the Radar Ti-V-Fe Project

Personnel are expected to arrive in Cartwright, Labrador, today, and drilling will commence shortly thereafter.

The initial focus for the 2026 Radar Project drill program will be in the southern section of the Trapper Zone, also known as ‘Trapper South.’ SAGA’s geological team and Gladiator’s drill crews will take advantage of the extensive trail network created in the summer of 2025, allowing for an easy traverse for snowmobiles and the excavator used to move the drill. Drilling will begin at the southeastern extent of Trapper South, targeting approximately 30 holes (7,500 m). The program will then advance hole by hole back toward Trapper North, positioning the team to complete the remainder of the MRE drill campaign by spring.

Figure 4: Trapper Zone map outlining location of the initial 2026 focus for remainder of the MRE drill program to be completed in 2026  showing the TMI of the 2025 Trapper Zone ground magnetic survey Drilling will commence in Trapper Zone and move to Trapper North.

About Radar Property

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 5: 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 6: Radar Project’s prospective oxide layering zone validated over ~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.

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.

Technical Information

Samples were cut by Company personnel at SAGA’s core facility in Cartwright, Labrador. Diamond drill core was sawed and then sampled intervals. The drill hole core diameter utilized was NQ.

Core samples have been prepared and analyzed at the Impact Global Solutions (IGS) laboratory facility in Montreal, Quebec. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects, and pulps are kept and stored in a secure storage facility for future assay verification. The Company utilizes a rigorous, industry-standard QA/QC program.

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.

A photo accompanying this announcement is available at:
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(TheNewswire)

Prismo’s Interest Currently Stands at 95% With Option for Full Control

Vancouver, British Columbia, January 16th, 2025 TheNewswire – Prismo Metals Inc. (‘Prismo’ or the ‘Company’) (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that it has completed its previously announced transaction with Infinitum Copper Corp. (TSXV: INFI) (‘Infinitum’) whereby Prismo has increased its interest in the Hot Breccia copper project, located in the heart of Arizona’s prolific copper belt, from 75% to 95%. In addition, Prismo has obtained an irrevocable option to acquire Infinitum’s remaining 5% interest, providing a clear path to 100% interest in the project.

Alain Lambert, CEO of Prismo commented: ‘This transaction marks a significant milestone for Prismo and provides a clear mechanism to securing full ownership of Hot Breccia. It materially improves the strategic flexibility of the project.’

He added: ‘Prismo remains firmly committed to advancing Hot Breccia. The recent extension of certain milestone obligations under the option agreement with Walnut Mines LLC, the owner of the Hot Breccia claims, together with the completion of the transaction with Infinitum, provides the Company with additional flexibility as we evaluate a range of strategic alternatives. Each of these pathways’ goal is to drill what we consider to be one of the most compelling copper exploration opportunities in Arizona and the broader United States.‘

Dr. Linus Keating, manager of Walnut Mines LLC, enthusiastically commented: ‘Walnut Mines is solidly in favor of any action that moves Hot Breccia closer to a serious drill program. We are hopeful that this transaction will accomplish that goal in 2026. In our opinion, this property remains one of the best copper exploration opportunities in North America.’

Under the terms of the transaction, Prismo paid Infinitum CA $185,000 to acquire a 20% additional interest in the Hot Breccia project and assumed all of Infinitum’s remaining obligations under the existing option agreement with Walnut to issue shares to Walnut, which has been satisfied by the issuance to Walnut of 450,630 common shares at a deemed issue price of $0.11 per share. Prismo has also agreed to pay Infinitum 5% of any consideration received in connection with a transaction in which Prismo assigns its interest in Hot Breccia to a third party to acquire the 5% interest held by Infinitum.

Prismo‘s Hot Breccia project lies at the heart of the Arizona Copper Belt, which hosts several globally significant porphyry copper deposits.  Examples of these significant deposits are Freeport McMoRan’s Miami-Inspiration mining complex, BHP’s San Manuel mine, Rio Tinto and BHP’s Resolution deposit and others (see Figure 1).  

Figure 1. Location of the Hot Breccia Project in the Arizona Copper Belt.

The Company wishes to update its January 12th, 2026 news release to confirm that the Company issued 2,250,000 units for gross proceeds of $225,000 and issued 140,000 Finder’s Warrants and paid finder’s commissions of $14,000 to a certain qualified finder. Each Unit consisted of one common share in the capital of the Company (a ‘Share‘) and one common share purchase warrant of the Company (a ‘Warrant‘). Each Warrant entitles the holder to purchase one Share for a period of thirty-six (36) months from the date of issue at an exercise price of $0.175. Prismo intends to proceed next week a final closing of 1,500,000 Units for gross proceeds of $150,000.

About Prismo Metals Inc.

Prismo (CSE: PRIZ,OTC:PMOMF) is a mining exploration company focused on advancing its Hot Breccia copper project in Arizona and its Palos Verdes silver project in Mexico.

Please follow @PrismoMetals on , , , Instagram, and

Prismo Metals Inc.

1100 – 1111 Melville St., Vancouver, British Columbia V6E 3V6  Phone: (416) 361-0737

Contact:

Alain Lambert, Chief Executive Officer alain.lambert@prismometals.com

Gordon Aldcorn, President gordon.aldcorn@prismometals.com

Cautionary Note Regarding Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as ‘intends‘ or ‘anticipates‘, or variations of such words and phrases or statements that certain actions, events or results ‘may’, ‘could‘, ‘should‘, ‘would‘ or ‘occur‘. This information and these statements, referred to herein as ‘forward‐looking statements’, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing, costs and anticipated results of drilling at Hot Breccia; the ability of Prismo to fund drilling and pursue potential third-party partnerships; the Company’s strategic flexibility with respect to the Hot Breccia project going forward; the number of shares issuable by Prismo to Walnut pursuant to the transaction described in this news release; and the Company’s expectations regarding mineralization and other qualities of the Hot Breccia project.

These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failure to obtain appropriate funding to finance the exploration program at Hot Breccia; the risk that the Company will not enter into a third-party partnership with respect to the Hot Breccia project; the risk that mineralization will not be as anticipated at the project; the risk that the Company will not be able to take advantage of geological information to refine drill targeting; metal prices; market uncertainty; and other risks and uncertainties application to exploration activities and the Company’s business as set forth in the Company’s disclosure documents available for viewing under the Company’s profile on SEDAR+ at www.sedarplus.com.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the ability to raise capital to fund the drilling campaign at Hot Breccia and the timing of such drilling campaign; the ability of the Company to enter into a third-party partnership on the project; that the project will have the anticipated mineralization and other qualities; and the  Company will be able to take advantage of geological information to refine drill targeting.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

Copyright (c) 2026 TheNewswire – All rights reserved.

Company Strengthens Event Tech Infrastructure with Milestone AWS Migration and Enhanced Blockchain Credentialing

• AWS Cloud Infrastructure Optimization

• Smart Contract Uniformity

• Flexible Asset Standards ERC721/ ERC1155

TORONTO, ON AND NEW YORK CITY, NY / ACCESS Newswire / January 16, 2026 / Nextech3D.ai (CSE:NTAR,OTC:NEXCF)(OTCQB:NEXCF)(FSE:1SS), an AI-first technology provider specializing in live event solutions, is pleased to announce it has finalized its integration with BitPay, a global leader in blockchain payment services. This integration, paired with significant backend infrastructure upgrades, strengthens the Company’s Phase 2 Blockchain Suite across its flagship platforms: KraftyLab, Map D, and Eventdex.

Strategic Technical Milestones Achieved

Over the past week, the Company successfully completed a series of critical technical migrations and deployments designed to enhance platform stability and scalability:

• Smart Contract Uniformity: Integrated smart contract deployment across both backend and frontend systems to ensure a singular, verified contract version for all users.

• Flexible Asset Standards: Enabled support for both ERC721 (for unique collectibles) and ERC1155 (for multi-tier ticket types) standards. This flexibility allows organizers to manage diverse assets-such as VIP and General Admission-within a single, cost-efficient contract.

BitPay Integration & Value Proposition

The BitPay integration enables Nextech3D.ai’s clients to settle transactions in over 100 digital assets. Industry data highlights the material benefits for merchants adopting blockchain payments:

The Road Ahead: Roadmap Highlights

With the foundational AWS migration complete, the Company is focusing on the final elements of its Q1 blockchain roadmap: Configurable Royalty Splitting: Finalizing logic to redirect 7-10% of resale value back to creators and organizers. Custodial Resale: Enabling ticket resale directly from custodial wallets to remove the technical friction for non-crypto-native corporate users.

CEO Commentary

‘Integrating BitPay is a logical step in our mission to modernize the experience economy,’ said Evan Gappelberg, CEO of Nextech3D.ai. ‘By providing our enterprise clients with versatile, secure payment options and blockchain-backed credentials, we are removing technical barriers to entry. We believe these updates contribute to our competitive position as we look to scale our offerings in 2026.’

He continues ‘Moving our backend to AWS containers while simultaneously launching BitPay provides the ‘Easy Button’ our enterprise clients demand. We are building a robust, high-margin foundation that positions Nextech3D.ai as a leader in the large and growing global ticketing and experience market.’

About Nextech3D.ai

Nextech3D.ai is an AI-first technology company specializing in live event solutions, 3D modeling, and spatial computing. Through its flagship Map D, Eventdex, and KraftyLab platforms, the company provides interactive floor plans, registration, ticketing, and blockchain-enabled credentialing for large Fortune 500 organizations worldwide including Google, Oracle, Microsoft, Netflix and others.

Website: www.Nextech3D.ai
Investor Relations: investors@nextechar.com

For further information, please visit: www.Nextech3D.ai.

Investor Relations: investors@nextechar.com

Sign up for Investor News and Info – Click Here

Evan Gappelberg /CEO and Director
866-ARITIZE (274-8493)

Forward-Looking Statements

Forward-looking Statements The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Certain information contained herein may constitute ‘forward-looking information’ under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, ‘will be’ or variations of such words and phrases or statements that certain actions, events or results ‘will’ occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as 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. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE: Nextech3D.ai Corp

View the original press release on ACCESS Newswire

Golconda Gold Ltd. (‘Golconda Gold’ or the ‘Company’) (TSX-V: GG; OTCQB: GGGOF) is pleased to announce production of 3,455 ounces of gold for the fourth quarter of 2025 (‘Q4 2025’) and 13,020 ounces of gold for the year ended December 31, 2025 (‘FY 2025’) at its Galaxy Gold Mine (‘Galaxy’), a 69% increase in gold production compared to the year ended December 31, 2024 (‘FY 2024’).

The production numbers for FY 2025 are as follows:

Year ended December 31, 2025 Highlights

Mining

• mined 135,428 tonnes of ore from its Galaxy and Princeton ore bodies, with an average grade of 3.46 g/t in FY 2025 compared to 87,695 tonnes at 3.18 g/t in FY 2024, an increase of 54% in ore tonnes mined year on year at a 9% higher grade;
• established stoping at a new mining area, Princeton Top, in Q2 2025, contributing 16,477 tonnes of ore at a grade of 3.03 g/t during FY 2025;
• completed the refurbishment of the sub-vertical shaft and associated infrastructure on Galaxy 26 and 27 levels, with the first ore development blast occurring in December 2025;
• increased the size of the mining fleet, with the addition of one new drill rig, three LHD’s and two dump trucks during FY 2025; and
• ended Q4 2025 with 6,410 tonnes of stockpiled ore on surface and underground at an average grade of 3.21 g/t, representing approximately 660 ounces of contained gold that is expected to be processed in the first quarter of 2026⁽¹⁾.

Processing

• produced 11,289 tonnes of concentrate at an average grade of 35.9 g/t containing 13,020 ounces of gold in FY 2025 compared to 6,661 tonnes at 36.0 g/t containing 7,712 ounces of gold in FY 2024, an increase of 69% in gold production year on year; and

Golconda Gold CEO, Ravi Sood, commented: ‘2025 was a transformational year for Galaxy and Golconda Gold. In line with the Company’s development plan, two historic mining areas were re-established during the year, Princeton Top and Galaxy 26/27 levels, which along with significant investment in mining equipment from both a capital and preventative maintenance perspective enabled gold production to increase 69% compared to 2024. This significant increase in production, combined with the material increase in realised gold price during 2025 has enabled the Company to invest further in the Galaxy development plan and sustainable future production growth while also significantly improving the Company’s balance sheet and working capital position. We are confident that our investments will continue to result in increasing production at Galaxy.’⁽¹⁾

About Golconda Gold

Golconda Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. Golconda Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol ‘GG’ and the OTCQB under the symbol ‘GGGOF’. Golconda Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Golconda Gold is committed to operating at the highest standards, focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.

Note:

     (1)     This is forward-looking information and is based on a number of assumptions. See ‘Cautionary Notes’.

Cautionary Notes

Certain statements contained in this press release constitute ‘forward-looking statements’. All statements other than statements of historical fact contained in this press release, including, without limitation, those statements regarding the Company’s intention to process the stockpiled ore in the first quarter of 2026, the Company’s expectation that its investments will result in increasing production at Galaxy, and the Company’s future financial position and results of operations, strategy, proposed acquisitions, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words ‘believe’, ‘expect’, ‘aim’, ‘intend’, ‘plan’, ‘continue’, ‘will’, ‘may’, ‘would’, ‘anticipate’, ‘estimate’, ‘forecast’, ‘predict’, ‘project’, ‘seek’, ‘should’ or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.

Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company’s management’s discussion and analysis for the year ended December 31, 2024. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.

Information of a technical and scientific nature that forms the basis of the disclosure in the press release has been approved by Kevin Crossling Pr. Sci. Nat., MAusIMM. Geological Consultant for Golconda Gold, and a ‘qualified person’ as defined by National Instrument 43-101. Mr. Crossling has verified the technical and scientific data disclosed herein and has conducted appropriate verification on the underlying data.

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.

For further information please contact:
Ravi Sood
CEO, Golconda Gold Ltd.
+1 (647) 987-7663
ravi@golcondagold.com
www.golcondagold.com