Boreal Gold Announces Encouraging Gold Results from Koscielny Lake and a New Gold Discovery from the Fay Lake Property

Executive Summary

• Boreal Gold reported assay results from trench #6 on an island in Koscielny Lake, with six of nine samples exceeding 1.0 g/t Au and a high‑grade sample returning 9.7 g/t Au.
• A new gold discovery was announced on the eastern extension of the Sunrise Grid at Fay Lake, where two quartz vein samples each returned >3.0 g/t Au (3000 ppm).
• The company outlined extensive 2026 field programs across Koscielny Lake, Fay Lake, and the North Star/Gold Rock property, including line‑cutting, remapping, prospecting, and planned infill drilling aimed at a future NI 43‑101 resource estimate.

Key Details

• Trench #6 (Koscielny Lake) – 9 samples:
• Sample 298801 – 1.9 g/t Au
• Sample 298802 – 5.7 g/t Au
• Sample 298803 – 0.2 g/t Au
• Sample 298804 – 9.7 g/t Au (highest)
• Sample 298805 – 0.8 g/t Au
• Sample 298806 – 2.3 g/t Au
• Sample 298807 – 0.9 g/t Au
• Sample 298808 – 1.8 g/t Au
• Sample 298809 – 1.1 g/t Au
• Six of nine trench samples > 1.0 g/t Au; notable high‑grade intercepts at 5.7 and 9.7 g/t Au.

• Assay methodology: Screen metallics analysis applied to all quartz samples due to presence of coarse gold.

• Fay Lake – New Discovery (Sunrise Grid eastern extension):

• Two quartz vein samples (27497 & 27498) returned >3.0 g/t Au by fire‑assay.
• Samples sent to SRC Laboratories for additional screen‑metallic analysis; results pending.

• Targets located near an undrilled airborne EM conductor and coincident magnetic anomaly.

• North Star – Gold Rock Property (ongoing focus):

• Historical spend > $9 M over 20 years; 5 major drilling programs (135 holes at North Star, 143 at Gold Rock).
• Past average grade from blast‑hole/trench faces >0.35 oz/t Au.

• Recent work includes line‑cutting/refurbishing of old grids (Lines 46 N–59 N) completed this fall; remaining lines slated for spring/summer 2026.

• Planned 2026 Activities:

• Return to Koscielny Lake in spring 2026 – prospecting and sampling trench #7 on southern shore.
• Geological remapping, detailed sampling of grids from Lines 59+50 N south to L 46 N.
• Collection of 12 muck‑pile samples (average 0.29–0.27 oz/t Au) – analysis pending.

• Selective infill and down‑plunge drilling on Gold Rock Vein to support a future NI 43‑101 resource estimate and prefeasibility study.

• Qualified Person: Stephen L. Masson, M.Sc., P.Geo., reviewed and approved the technical disclosure.

Notable Quotes

“With gold presently over $4,000 US and over $5,500 Canadian per ounce, Boreal will continue its focus on gold by also exploring the North Star Property this fall.” – Richard Masson, President & CEO

Materiality Assessment: Material – Positive (new high‑grade assay results and a disclosed discovery that could materially affect the company’s valuation).