Gibbs Project Expansion & Exploration Ongoing Program

VANCOUVER – P2 Gold Inc. reported on activities at the Gabbs Project located on the Walker-Lane Trend in Nevada. A reverse circulation (RC) drill rig was mobilized to site and expansion and infill drilling is underway.  To date, 12 RC holes have been completed at the Sullivan Zone with 24 holes planned totaling 4,900 meters.  When drilling is complete at Sullivan, the RC drill will be moved to the Lucky Strike Zone to complete a 47-hole, 10,000-meter infill and expansion drill program.  Drill results will be reported as received with initial results expected before year-end.
A diamond drill rig is currently mobilizing to site.  The drill rig is being used to drill geotechnical drill holes to support the feasibility study and to provide metallurgical samples for feasibility metallurgical testing.  The diamond drill program is expected to consist of 17 holes totaling 3,500 meters.  The initial holes will focus on providing additional metallurgical samples for column leach tests and then pit slope stability for the proposed Sullivan and Lucky Strike Zone open pits. 
These studies and the ongoing drill program are expected to be completed in the second quarter of 2026.  At the end of drilling, an updated Mineral Resource estimate will be prepared from which an optimized mine plan will be developed.  The information from the various field studies will be used in the design of the process and ancillary facilities.