Boreal Gold is Pleased to Announce the Updated Gold Results on the New Discovery at Fay Lake

Executive Summary

• Boreal Gold received updated assay results from two quartz‑vein samples on the eastern extension of the Sunrise Grid, with one sample returning a high‐grade 20.7 g/t Au and the other 1.2 g/t Au.
• The assays support significant gold potential near an airborne electromagnetic conductor and magnetic anomaly in Fay Lake; the company will conduct a Mag/VLF ground geophysical survey this winter.
• Additional prospecting, mapping, and drilling are planned for FY‑2026 across multiple targets (Fay Lake, Redwin Copper‑Gold deposit, Koscielny Lake veins, North Star and Gold Rock deposits), subject to financing and permitting.

Key Details

• Sample 27497: Quartz vein, 1.2 g/t Au, grid L39+40E 21+71N, UTM 365982 / 6093566.
• Sample 27498: Quartz vein, 20.7 g/t Au, same grid/location as above.
• Both samples were originally reported >3.0 g/t Au by fire assay; screen metallic analysis captured coarse gold, revealing the higher grade for sample 27498.
• Samples are proximal to an undrilled Airborne Electromagnetic (AEM) conductor and coincident magnetic anomaly within Fay Lake, west of the rail line.
• Planned Mag/VLF ground geophysical survey this winter to delineate the conductive target.
• Historical context: Fay Lake showings previously returned up to 4 g/t Au and 122 g/t Ag; nearby Koscielny Lake quartz veins have yielded up to 9.7 g/t Au (Nov 21 2025 release).
• Future exploration schedule:
• Summer 2026 – additional prospecting, detailed mapping of the 9 km‑long property and intervening areas between known showings.
• Winter 2026 – drilling on Redwin Copper‑Gold deposit (previous trench values: 1.09–1.50 % Cu, up to 146 g/t Au).
• Limited winter drilling on Koscielny Lake vein structures (subject to financing/permits).
• Winter/Spring 2026 – drilling at North Star and Gold Rock deposits west of Snow Lake; summer 2026 prospecting/mapping of the ~1 km gap between these deposits.
• QA/QC: Samples collected, logged, and shipped per ISO/IEC 17025:2017‑certified SRC Laboratories procedures; fire assay with AAS finish (Method Au 1) and gravimetric overlimit analysis (Method Au 9). Qualified Person Stephen L. Masson, M.Sc., P.Geo., supervised the program.

Notable Quotes

• “These values offer significant encouragement in this area… The proximity of gold‑rich quartz veins to the large QFP may suggest a related hydrothermal connection.” – Richard Masson, President & CEO, Boreal Gold Inc.