Tiger Gold Drills 342 m @ 0.5 g/t Au and 333.6 m @ 0.5 g/t Au at Tesorito

Tiger Gold Corp. (TIGR) released drill results on September 22, 2026, for seven infill holes drilled at the Tesorito gold deposit within the Quinchía Gold Project in Colombia’s Mid-Cauca belt. The company describes the results as revealing an N030°-striking "higher-than-modelled" trend through the core of the deposit. According to the release, holes TSDH-89, TSDH-90, TSDH-92, and TSDH-95 returned grades typically more than 25% higher than local block-model estimates, while TSDH-91, TSDH-93, and TSDH-94 are reported to refine the deposit margins.

The specific intercepts reported include:

• TSDH-89: 333.57 m @ 0.5 g/t Au from 6 m (true width 282 m), including 8 m @ 1.4 g/t Au, 10 m @ 1.0 g/t Au, and 5 m @ 1.0 g/t Au.
• TSDH-95: 342 m @ 0.5 g/t Au from 92 m (true width 293 m), including 9.73 m @ 1.7 g/t Au; plus a separate 78 m @ 0.2 g/t Au from surface.
• TSDH-94: 218.91 m @ 0.5 g/t Au from 296 m (true width 178 m), including 5 m @ 1.1 g/t Au.
• TSDH-92: 243.4 m @ 0.5 g/t Au from 2 m (true width 207 m), including 7.2 m @ 2.8 g/t Au and 6 m @ 2.8 g/t Au.
• TSDH-90: 311.6 m @ 0.4 g/t Au from 7 m (true width 269 m).
• TSDH-91: 145 m @ 0.3 g/t Au from 1 m (true width 125 m).
• TSDH-93: 13.45 m @ 0.4 g/t Au, 85.16 m @ 0.4 g/t Au (true width 73 m), and 104.2 m @ 0.3 g/t Au (true width 89 m).

The drilling program at Tesorito has now exceeded 11,670 meters across 47 holes and is nearing completion. Rigs are moving to the Ceibal target, where assays are also pending. Tiger Gold targets an updated Mineral Resource Estimate (MRE) for Tesorito in the first quarter of 2027 and a maiden MRE for Ceibal in late Q1 2027.

Intercepts were calculated using a 10-meter minimum at 0.2 g/t Au length-weighted, allowing up to 10 meters of internal dilution. Higher-grade intervals were defined as those greater than or equal to 5 meters at 1 g/t Au or higher. The company stated that no assays were capped and true widths are provided in Table 1.

Tiger Gold Corp. (TIGR) released an infill drilling program designed to define its resource, with results confirming the existing 0.47 g/t Au grade. Drill holes TSDH-89, 92, 94, and 95 returned grades of 0.5 g/t Au over meaningful widths, aligning with or exceeding the resource grade. These results serve as a confirmation of the deposit’s characteristics, regardless of how their lengths compare to earlier higher-grade intersections.

The release does not expand the project’s scale, adding no new zones, intrusive centers, or depth extents. All reported meters fall within or on the margin of the existing Tesorito footprint. At the deposit level, the aggregate grade from the seven holes is approximately 0.45 g/t Au, which is in-line with the 0.47 g/t Inferred grade. Any potential grade uplift will depend on a future block-model re-estimation, scheduled as a Q1 2027 catalyst rather than being part of this release.

Tiger Gold is an advanced explorer and developer with an existing Preliminary Economic Assessment (PEA) showing a base-case post-tax NPV5 of US$534 million, an IRR of 21.3%, a 10.2-year mine life, and an AISC of US$1,340/oz. The company holds multiple resources, and the equity is primarily priced on the Ceibal maiden resource and the narrative of doubling the resource base. For a company at this stage, infill confirmation of a known deposit is supporting data rather than a thesis-changing event.

Market reaction is expected to be limited. The results are incrementally supportive of the Tesorito grade narrative but do not alter the scale or risk profile of the business on their own.

Tiger Gold Corp. (TSXV: TIGR; FSE: D150; OTCQB: TGRGF), which listed on the TSXV on December 19, 2025, is advancing its flagship Quinchía Gold Project in the Department of Risaralda, Colombia. The company holds a 100% interest in the asset, located within the Mid-Cauca porphyry belt, with an option to acquire 100% ownership exercisable in June 2026. The consideration for this acquisition is A$14M, comprising an A$4.5M payment to exercise the option, A$6.5M contingent on production milestones, and a 1% NSR with a buyback provision.

As of July 31, 2025, the company reported mineral resources with no Mineral Reserves estimated. The Miraflores deposit contains 6.1 Mt of Measured and Indicated resources grading 2.62 g/t Au for 0.51 moz Au, plus 0.08 Mt of Inferred material. The Tesorito deposit holds 104 Mt of Inferred resources grading 0.47 g/t Au (1.57 moz Au) and 0.58 g/t Ag (1.96 moz Ag). Additionally, the Dos Quebradas project contains historical JORC 2012 resources of 20.2 Mt at 0.71 g/t (459 koz), though these are not a current resource and have not been verified by the company.

A Preliminary Economic Assessment (PEA) effective September 18, 2025, and filed on December 10, 2025, outlines a 10.2-year mine life with an average production of approximately 138 koz Au per year. At a gold price of US$2,650/oz, the PEA projects a post-tax NPV5 of US$534M and an IRR of 21.3%. At US$3,700/oz, the post-tax NPV5 rises to US$1.188B with an IRR of 36.5%. Operating metrics include cash costs of US$1,199/oz and AISC of US$1,340/oz, supported by initial capital of US$480M and US$219M in sustaining capital.

Exploration targets include the Ceibal deposit (Au-Cu-Mo), located approximately 1 km south of Miraflores and 1 km southwest of Tesorito, as well as Dos Quebradas, which is scheduled for an initial three-hole program in 2026. Other targets include Chuscal, with a broader 22,000 m program across the project aimed at doubling the resource base.

According to an investor presentation, the company has issued 103,764,908 shares, with 8,430,000 options and 41,504,875 warrants outstanding, resulting in a fully diluted count of 153,699,783 shares. Approximately $44M has been raised to date. However, Q1-2026 financials for the period ending October 31, 2025, report only 61,569,000 shares outstanding and a book value per share of C$0.06, a figure predating financings of $16.3M in January 2026 and $21M in June 2026. The market capitalization derived from the presentation’s share count at a C$0.74 close is approximate and reflects pending conversions of 25.6M special warrants expiring on October 11, 2026.

The presentation also discloses a C$2.60 price target from SCP Resource Finance (Brandon Gaspar), cited as it appears in the document without an independent analyst report. The company has incurred heavy promotional spend across multiple IR, marketing, and market-making counterparties through 2026, including NIA (US$60k), X Media (US$300k), EMC (US$200k), Plutus (C$80k), Outside the Box (US$60k+), Stockchain (EUR250k), Brisco (C$100k), and Capital Analytica (C$150k), plus market-making fees.

Prior-period context not disclosed in the current release shows that for Q1-2026 (three months to October 31, 2025), the company reported a net loss of C$1.888M, SG&A of C$1.877M, operating cash flow of -C$1.213M, and capex of -C$1.126M. The company held cash of C$3.842M, total assets of C$6.521M, and total equity of C$3.770M, with recent financings used to bridge these figures.