Legacy Gold Intersects Broad Zones of Gold Mineralization at Baner Property, Idaho: Hole 004 - 0.59 g/t Gold Over 71.6 m and 1.15 g/t Gold Over 18.3 m

On November 17, 2025, Legacy Gold Mines announced assay results for six additional Reverse Circulation (RC) drill holes from its 2025 exploration program at the Baner Property in Idaho. The results continue to show broad zones of low-grade gold mineralization, consistent with initial findings from October.

Key intercepts include: - Hole LG25-004: 0.59 g/t Au over 71.6 meters, and a separate upper zone of 1.15 g/t Au over 18.3 meters. - Hole LG25-003: 2.80 g/t Au over 9.2 meters in an upper zone, and 0.37 g/t Au over 58.0 meters in a lower zone. - Hole LG25-005: 0.32 g/t Au over 88.4 meters.

The VP of Exploration, Mike Sutton, stated that these wide intercepts are encouraging and support the company's geological model of a robust system. Critically, he noted that the company is still awaiting results from "the two highest priority holes" located near the strongest known mineralization on the property.

The news is rated as Routine - Positive. The results are positive as they confirm the presence of a large, continuous gold system with significant widths, which aligns with the company's exploration thesis of a bulk-tonnage target. The higher-grade intercept in Hole LG25-003 (2.8 g/t over 9.2 m) is also encouraging.

However, the impact is routine and not material for several reasons: - Consistency with Previous Results: These results are very similar in nature to the first batch announced on October 16, 2025, which featured a headline intercept of 0.46 g/t Au over 108.2 meters. The market reacted poorly to that news, with the stock falling from $0.55 to $0.46, indicating disappointment with the grade. This new batch reinforces the low-grade, bulk-tonnage nature of the mineralization found so far. - Disconnect from Historical High-Grades: Throughout its communications since acquiring the option, Legacy has frequently referenced historical high-grade intercepts drilled by the previous operator, Champion Electric (e.g., 20.8 g/t Au over 12.0m). The results from Legacy's drilling to date have not replicated these high grades, creating a potential expectations gap for investors. - Key Results Pending: Management's statement that the two "highest priority" holes are still at the lab significantly diminishes the weight of the current release. The market will likely wait for these pending assays before re-rating the stock. This release essentially confirms the background mineralization but does not yet test the high-grade potential.

In summary, the news provides incremental validation of the geological model but does not fundamentally change the project's profile. It confirms a large system is present, but the question of economic grades remains unanswered and now hinges entirely on the pending results from the final holes.

Legacy Gold Mines Ltd. is a Canadian junior mineral exploration company focused on its flagship Baner Gold Project in Idaho County, Idaho, USA. The company holds an option to acquire a 100% interest in the project from Champion Electric Metals Inc. The Baner property is located in the historic Orogrande gold mining district and has seen previous exploration, including drilling by Champion that returned high-grade gold intercepts. Legacy Gold's 2025 exploration program was designed to test a new geological interpretation of a flatter, more extensive mineralized system, potentially amenable to bulk-tonnage mining. The property is subject to a 1% Net Smelter Return (NSR) royalty payable to Champion, which can be purchased by Legacy for $7.5 million.