Pirate Gold Commences Drilling at Crippleback, Releases Episode 7 and New Technical Presentation

Executive Summary

• Pirate Gold Corp. has commenced drilling at the Crippleback Lake Target Zone (PGC‑26‑058) to test a large, intensely altered zone with potential for orogenic gold and gold‑copper porphyry systems.
• The company released Episode 7 of its “Pirate Gold Treasure Hunters” video series and a new technical presentation by VP Exploration Greg Matheson outlining the multi‑deposit geological model at Crippleback.
• A redesigned corporate website (www.pirategold.ca) was launched, providing interactive maps, geology, videos and investor materials for the Treasure Island Project.

Key Details

• Drill Hole PGC‑26‑058 – Initiated at Crippleback; coordinates Easting 562 451 / Northing 5 398 587; azimuth 345°, dip –65°. The first 55 m intersected strongly clay‑altered quartz monzonite with 5‑8% pyrite mineralization.
• Target Rationale – Crippleback hosts a large, intensely altered zone with surface gold, copper and molybdenum mineralization; analogous to Equinox Gold’s Valentine deposit along the same structural corridor, suggesting potential for a district‑scale gold‑copper porphyry system.
• Exploration Strategy – Dual‑track approach: high‑grade vein expansion at Moosehead (ongoing) combined with system‑scale targeting at Cripplenewback to connect veins to broader alteration and mineralization controls.
• Technical Presentation – VP Exploration Greg Matheson presented a geological model highlighting possible orogenic gold, copper‑gold porphyry, and epithermal deposits supported by large‑scale alteration, strong geophysical anomalies, and widespread Cu‑Mo mineralization (video link: https://youtu.be/nHkDVqCQc9s).
• Pirate Gold Treasure Hunters – Episode 7 – Showcases the transition from high‑grade Moosehead drilling to system‑scale Crippleback targeting; includes field mapping, alteration observations, and discussion of ongoing drill programs (video link: https://youtu.be/GI7ROL3aXa0).
• Website Launch – New site features interactive maps, project overviews along the Valentine Lake Fault, investor presentations, and all video content.
• Qualified Person – Greg Matheson, P.Geo., VP Exploration, has reviewed and approved the technical information in accordance with NI 43‑101.

Notable Quotes

“With drilling underway at Moosehead delivering high‑grade results, we’re now stepping into the next phase of the story at Crippleback… this is exactly the type of setting where large gold systems can develop.” – Denis Laviolette, Executive Chairman & CEO

Materiality Assessment: Non‑Material – Positive (the release announces exploratory drilling and promotional content without disclosed results or financial impact).