Engineer Gold Mines Plans Drilling Program

• Engineer Gold Mines Ltd. announced completion of a desktop review for its 18,319-hectare Engineer Gold Project in northwestern British Columbia on April 29, 2026.
• The company secured a diamond drilling permit and plans to launch a multi-phase drill program during summer 2026.
• Targets include the historic Engineer Gold Mine, Wann River Prospect, and TAG Property.
• Objectives for 2026 include evaluating reactivation of permitted activities, dewatering lower mine levels, and completing a bulk sample of up to 10,000 tonnes subject to regulatory approval.
• Historical data highlights high-grade mineralization: Engineer Mine produced ~14,263 tonnes at 39.4 g/t Au (1910–1956), with an inferred resource of 41,000 tonnes @ 19.0 g/t Au.
• Wann River Prospect shows historic grab samples up to 263 g/t Au and 1,350 g/t Ag.

• The news confirms execution of the exploration strategy previously outlined in June 2025 regarding surface permits and pilot mill construction.
• This is a follow-up announcement rather than a new discovery or financing event; market expectations were likely priced into the stock during the Q1-Q2 2026 rally (price moved from $0.04 to $0.19).
• No drill results are provided in this release, only plans and permits, limiting immediate upside surprise potential.
• The announcement validates management's progress but does not alter the fundamental risk profile regarding capital requirements or production timelines.
• Given the stock has already appreciated significantly from its lows prior to this news, the material impact is incremental rather than transformative.

• Flagship Project: Engineer Gold Project, 18,319 hectares in the Golden Triangle, British Columbia.
• Status: Development/Exploration with historic underground workings and existing infrastructure (30 tpd gravity mill).
• Assets: Includes Engineer Mine, TAG Property (6 km north), Wann River Prospect (4 km south), and Happy Sullivan Target.
• Strategy: Leverage high-grade bulk sample from historic mine to fund project-wide exploration aiming for a multi-million ounce resource.
• Ownership: 100% owned property with approximately 20% insider ownership according to the June 2025 presentation.