FireFox Gold Expands Mustajarvi East Zone - First Hole of 2025 Intersects 9.35 g/t Gold over 9.55 m and 7.28 g/t Gold over 11.1 m

FireFox Gold announced high-grade gold intercepts from the first four diamond drill holes of its 2025-2026 program at the Mustajärvi Gold Project in Finland. The results successfully expand the Mustajärvi East Zone.

Key intercepts include: - Hole 25MJ001: 9.35 g/t gold over 9.55 metres, and a second zone of 7.28 g/t gold over 11.1 metres. - Hole 25MJ003: 104.0 g/t gold over 0.9 metres. - Hole 25MJ004: 18.4 g/t gold over 4.0 metres.

The company stated that these results validate the use of Fixed-Loop Electromagnetic (FLEM) geophysical surveys for targeting pyrite-hosted high-grade gold, as the intercepts occurred within the geophysical target area.

This news is materially positive as it represents a successful start to the company's largest and most important drill program to date. The key impact is the validation of the exploration model.

Reviewing the historical context, the company was in a precarious financial position as of its March 31, 2025, financials, with only $187k in cash. Between July and August 2025, FireFox executed a critical turnaround, completing a 1-for-10 share consolidation and raising $7 million. This financing was significantly de-risked by the participation of strategic investors, including Agnico Eagle and a new investment of over $2 million led by renowned mining entrepreneur John Robins.

Following the financing, the company immediately launched a fully-funded 10,000-metre drill program at Mustajärvi, guided by geophysical surveys conducted earlier in the year. The February 2025 news detailed how these surveys identified conductive targets believed to be associated with gold-bearing sulphides. The September 2025 news confirmed the commencement of additional FLEM surveys to refine these targets.

Today's drill results are the first confirmation that this strategy is working. Hitting two wide, high-grade intercepts in the very first hole, precisely where the geophysics indicated, provides strong evidence for the continuity of the high-grade system and dramatically increases the probability of success for the remaining ~9,000 metres of the program. These are not just good drill holes; they are a proof-of-concept for the company's systematic exploration approach. While these results expand a known zone rather than being a new discovery, their quality and strategic importance make them highly significant for the company's path toward defining a maiden resource.

FireFox Gold Corp. is a Canadian-based gold exploration company focused on advancing its portfolio of projects in the Lapland Greenstone Belt of Northern Finland, a prolific and mining-friendly jurisdiction.

The company's flagship asset is the Mustajärvi Gold Project. It is an early-stage project characterized by high-grade, near-surface gold mineralization associated with pyrite in the Mustajärvi Shear Zone. The current 10,000-metre drill program is focused on expanding the known mineralization at the "East Zone" with the goal of establishing a maiden mineral resource estimate. The property is royalty-free. The company also holds other prospective projects, including Sarvi, Jeesio, and the Kolho property, which is under an earn-in agreement with Agnico Eagle Mines.