Sitka Drills 172.4 Metres of 0.90 g/t Gold, Including 33.4 Metres of 2.40 g/t Gold, at Blackjack and 44.4 Metres of 1.33 g/t Gold from Surface at Saddle at Its RC Gold Project, Yukon

The most recent news, dated November 25, 2025, announces additional analytical results from the 2025 diamond drilling program at Sitka's RC Gold Project in the Yukon. Key intercepts include: - Blackjack Deposit: Hole DDRCCC-25-099 intersected 310.0 metres (m) of 0.61 g/t gold (Au), including a higher-grade interval of 172.4 m of 0.90 g/t Au and 33.4 m of 2.40 g/t Au. This hole was designed to expand the deposit to the southwest. - Saddle Zone: Hole DDRCCC-25-104 intersected 44.4 m of 1.33 g/t Au starting from 4.6 m depth (near-surface). This hole was designed to extend the Saddle Zone to the west. - Blackjack South Target: Hole DDRCCC-25-110 intersected 44.5 m of 0.70 g/t Au, indicating new mineralization in a previously undrilled area.

The company also stated that results for 42 additional drill holes from various targets across the project are still pending.

The news is a positive and logical continuation of the company's successful 2025 exploration program, but it is not transformative on its own. The results are consistent with the geological model of a large, bulk-tonnage, intrusion-related gold system.

• Progression of News:

  • The year began with a significant MRE update on January 21, establishing a baseline of 1.3M oz Indicated and 1.5M oz Inferred resources.
  • The company then successfully raised over $42 million in 2025, primarily through flow-through shares issued at significant premiums to the market price, culminating in a massive $43 million treasury as of November 5. This fully funds an aggressive 60,000-metre drill program planned for 2026.
  • Throughout the year, Sitka has released a steady stream of positive drill results, successfully expanding the Blackjack deposit (e.g., holes 75 and 76 in April/May), confirming the high-grade potential of the Saddle zone (July 17), and making new discoveries at Rhosgobel (starting Aug 5) and Contact (Nov 12).
  • This consistent news flow drove the stock price from the $0.30s to a high of $1.36.

• Context of Current News:

  • The Blackjack intercept (172.4 m of 0.90 g/t Au) is solid and helps expand the resource, but it is less impactful than the intercepts from Holes 75 (108.9 m of 3.27 g/t Au) and 68 (93.0 m of 2.57 g/t Au) which demonstrated a higher-grade, deep component to the deposit.
  • The Saddle Zone result (44.4 m of 1.33 g/t Au from surface) is very positive. It reinforces the thesis that Saddle can add valuable, near-surface ounces within the conceptual Blackjack pit, potentially improving future project economics by lowering the strip ratio. This follows up on similar strong results from July.

The market has already priced in a significant amount of exploration success and the company's strong financial position. This news confirms the thesis and demonstrates continued progress, but it does not materially alter the project's perceived scale or grade in a way that prior announcements (like the initial Rhosgobel discovery or the deep Blackjack intercepts) did. Therefore, the impact is positive but routine in the context of the year's developments.

Sitka Gold Corp. is a Canadian-based mineral exploration company. Its flagship asset is the 100%-owned, 431 sq km RC Gold Project located in the Tombstone Gold Belt of Yukon, Canada. The project hosts a district-scale, road-accessible, intrusion-related gold system.

The project's cornerstone is the Blackjack deposit, which hosts a NI 43-101 compliant pit-constrained mineral resource estimate (effective Jan 21, 2025) of 1.29 million ounces of gold at 1.01 g/t in the indicated category, and 1.04 million ounces of gold at 0.94 g/t in the inferred category. The nearby Eiger deposit contains an additional 440,000 inferred ounces at 0.50 g/t. The company is aggressively exploring to expand these deposits and has made several new discoveries on the property, including Saddle, Rhosgobel, and Pukelman.