Stellar AfricaGold Completes First Drill Hole at Tichka Est, Morocco, and Grants Performance Share Units

Executive Summary

• Stellar AfricaGold completed its first summer drill hole (TCK‑001) at the Tichka Est Gold Project, intersecting multiple diorite sills with quartz‑arsenopyrite‑pyrite veining that validate the company’s exploration model.
• Assay samples have been prepared and are slated for delivery to Afrilab Morocco, with results expected in September.
• The board granted 650,000 Performance Share Units (PSUs) to director/geological consultant Dr. Paul Kitto, contingent on achieving a cumulative 600,000 oz of NI‑43‑101 compliant inferred and indicated gold resources.

Key Details

• Drill Hole TCK‑001 – Azimuth 65°, dip ‑45°, total depth 225 m; part of a 1,500‑m summer diamond drill program in Zone B (≈1 km²) of the 82 km² Tichka Est Project.
• Geological Intersections:
• Diorite sill with quartz‑arsenopyrite‑pyrite veining intersected at three intervals:
  • 82 m–104 m → 21.3 m of diorite sill
  • 120 m–136 m → 15.6 m of diorite sill
  • 164 m–176 m → 12.4 m of diorite sill (sub‑horizontal; true thickness unknown).
• Interpretation: Downhole observations confirm the structural model derived from trenching and mapping; potential mineralization appears vein‑hosted and fracture‑controlled, mirroring surface gold‑bearing horizons.
• Sampling & Assay Plan: Core photographed, logged, oriented (REFLEX ACTIII), half‑core retained, QA/QC blanks/standards inserted. Samples to be bagged, sealed, shipped under chain‑of‑custody to Afrilab Morocco for fire‑assay with atomic‑absorption finish; results anticipated September 2025.
• CEO Commentary: J. François Lalonde highlighted the validation of the exploration model and expressed anticipation for assay results to support the ongoing drilling campaign.
• Performance Share Units (PSUs): 650,000 PSUs granted to Dr. Paul Kitto under the Omnibus LTIP; vesting tied to cumulative gold resources:
• 250,000 shares at 100,000 oz inferred/indicated resources
• 250,000 shares at an additional 250,000 oz (total 350,000 oz)
• 150,000 shares at a further 250,000 oz (total 600,000 oz).
• PSUs vest no earlier than 12 months post‑grant and are subject to TSX‑V acceptance.
• Director Background: Dr. Kitto joined the board March 2025; former Exploration Manager, Africa for Newcrest Mining Ltd., with >30 years of experience discovering multimillion‑ounce gold deposits worldwide.

Notable Quotes

“Intersecting the diorite sills in our first drillhole as was anticipated is a strong validation of the exploration model… We are eagerly awaiting the assay results, which will support the success of the ongoing drilling campaign and provide further evidence for the gold potential of Structure B at Tichka Est.” – J. François Lalonde, President & CEO

Materiality Assessment: Material – Positive (the drill intercepts substantively advance the exploration program and are coupled with a performance‑based equity incentive tied to future resource milestones).