Exploration Drill Holes Completed At Spanish Mountain

VANCOUVER – Spanish Mountain Gold Ltd. reported on five exploration drill holes within the Orca Fault target trend that were completed as part of its 2025 Fall Diamond Drill program for the Spanish Mountain Gold (SMG) project, which is located in the Cariboo Gold Corridor, British Columbia, Canada.
The company has completed approximately 15,034 metres (m), surpassing the original estimate of drilling of 9,000 to 10,000 m of exploration drilling planned under the 2025 Fall Drill Program, now continuing into 2026. Assays and geochemistry are pending receipt from the laboratory and or reporting from seven additional drill holes completed within the Orca Fault target area.
Highlights: 1) 26-DH-1337 intersected a 282.50 m thick, higher-grade intercept grading 0.70 g/t gold from 91.50 m that includes 116.80 m of 1.20 g/t gold with a high-grade subset of 12.20 m of 2.46 g/t gold. 2) 26-DH-1334 intersected a very broad, 298.00 m interval of gold mineralization from 6.00 m, grading 0.31 g/t gold, however, it also included three higher-grade subintervals: A) 19.00 m of 1.19 g/t gold from 112.50 m. B) 18.50 m of 0.61 g/t gold from 191.50 m. C) 23.00 m of 0.72 g/t gold from 234.50 m. 3) 26-DH-1335 intersected a wide intercept of 220.64 m grading 0.44 g/t gold from 3.00 m that includes 143.64 m of 0.60 g/t gold with a high-grade subset of 20.50 m of 1.49 g/t gold 4) 26-DH-1336 intersected a wide intercept of 200.20 m grading 0.53 g/t gold from 4.80 m that includes 86.00 m of 0.91 g/t gold with a high-grade subset of 9.00 m of 1.93 g/t gold.
Current exploration drilling assay results continue to intersect significant higher-grade gold mineralization over 530 m in strike length in the Orca Fault target area trend and the continuity can now be traced across multiple parallel, adjacent drill sections over 200 m in width.
Five additional drill holes were collared and successfully completed in the Orca Fault target area, 26-DH-1333 , 26-DH-1334, 26-DH-1335, and 26-DH-1336, and 26-DH-1337. These drill holes continue to confirm and lend confidence to the extent of the Orca Fault target area over 530 m strike length, northwest to southeast, and its geological and structural interpretation within the constraining open pit for the MRE.
The continued intersection of broad zones of higher-grade gold mineralization, such as the thick intersection of gold mineralization in drill hole 26-DH-1337 reinforces the opportunities for not only enhancing the Orca Fault target understanding but developing favorable structures outward into other areas of the Main deposit while exploring for higher-grade gold mineralization in the near surface, open pit environment, as defined in the recent MRE. Drill hole 26-DH-1337 intersected one of the thickest higher-grade intercepts on the property, grading 0.70 g/t gold from 91.50 m that includes 116.80 m of 1.20 g/t gold with a high-grade subset of 12.20 m of 2.46 g/t gold. All results to date continue to reinforce that tighter exploration drill spacing is unlocking additional mineral potential in the Main deposit as drilling systematically works outward from the Orca Fault target, tracking the higher-grade gold mineralization. These exploration drill holes are presented on drill sections that shows the alignment of the higher-grade gold mineralization.