A2GOLD INTERSECTS 20.96 G/T AUEQ OVER 1.5 METRES (5.24% ANTIMONY AND 0.52 G/T GOLD); RETURNS 209.4 G/T SILVER OVER 10.7 METRES FROM SURFACE AT TAYLOR

A2 Gold Corp. released the first batch of assay results from its maiden reverse-circulation drilling programme at the Taylor Silver-Gold Project in White Pine County, Nevada, on September 22, 2026. The company has completed approximately 4,400 meters across 15 holes, with four holes reported and 11 pending.

Intercepts from the antimony-gold target, located approximately 170 meters north of the past-producing Merrimac Mine, included TAR-008, which returned 1.28 g/t AuEq over 36.6 meters (0.26% Sb, 0.26 g/t Au), including 20.96 g/t AuEq over 1.5 meters (5.24% Sb, 0.52 g/t Au) from 36.6 meters downhole. TAR-009, from the same target, returned 4.09 g/t AuEq over 13.7 meters (0.97% Sb, 0.29 g/t Au, 3.4 g/t Ag), including 7.01 g/t AuEq over 7.6 meters (1.74% Sb, 0.20 g/t Au, 5.4 g/t Ag) and 19.19 g/t AuEq over 1.5 meters (4.86% Sb, 0.13 g/t Au, 15.5 g/t Ag) from 79.2 meters downhole.

Results from within the historical silver footprint included TAR-004, which returned 79.9 g/t Ag over 39.6 meters from surface, including 209.4 g/t Ag + 0.11 g/t Au over 10.7 meters from surface, plus a separate 144.0 g/t Ag over 1.5 meters. TAR-001 returned 52.6 g/t Ag + 0.10 g/t Au over 48.8 meters, including 104.7 g/t Ag over 7.6 meters and 106.0 g/t Ag over 1.5 meters; a second deeper interval returned 72.0 g/t Ag over 9.1 meters, including 185.5 g/t Ag over 3.0 meters.

The disclosed methodology applied cut-offs of 0.10 g/t Au, 10.0 g/t Ag, and 0.1% Sb. The process allowed for a nominal maximum of 20 feet (6.1 meters) of consecutive internal dilution with no limit on non-consecutive dilution. Composites were derived from uncapped assays, and all lengths are reported as drilled, with true width not determined.

The AuEq formula used is AuEq = Au + [Ag x 0.010208] + [Sb% x 3.887935], based on US$3,000/oz Au, US$35/oz Ag, and US$40,000/t Sb, with assumed recoveries of 80% Au, 70% Ag, and 75% Sb.

Historical context provided includes a 2018 SRK estimate of 10.995 moz Ag Measured & Indicated and 603 koz Ag Inferred at a 1.6 oz/t cutoff. The company explicitly flagged this as historical data, not a current resource. The Merrimac Mine produced approximately 90 short tons at ~14% Sb between 1959 and 1960.

A2 Gold Corp. (AUAU) is a pre-revenue explorer with zero revenue, a six-month net loss of C$2.39M, and C$13.48M in cash as of March 31, 2026. At this stage of development, evidence that a system is larger is generally considered more material than evidence it is bankable; however, a first-pass confirmation at grades consistent with existing knowledge does not represent a step-change in scale.

The anchor result for the Taylor project is not an earlier A2 Gold intercept, but rather the grade set the market already owned. This includes the 2018 SRK historical resource of 2.89 oz/t Ag (~99 g/t) over 3.79 Mt, and historical non-verified Merrimac antimony holes reporting 7.01% Sb over 4.3 m, 4.61% Sb over 4.6 m, and 3.34% Sb over 11.6 m, alongside March 2026 grab/channel samples of 18.4% and 21.6% Sb. New hole grades are in line with that set rather than exceeding it: the 1.5 m antimony seams at 4.86-5.24% Sb are narrower and lower-grade than the historical Merrimac holes, and the broad silver composites are at or below the historical resource grade.

The stock is trading at C$0.68, compared to a 52-week high of C$1.40 on February 6, 2026, and a 52-week low of C$0.60 on September 14-16, 2026. This represents a 51% drawdown from the high, sitting 13% off the low. The price action over the last year, moving from C$0.79 to C$1.15 in October 2025 on geophysics and RC-plan news, rising to C$1.40 in February 2026, and then following a relentless lower-high sequence to C$0.60, indicates the market has sold the Taylor antimony and Eastside drill narratives rather than paying for them.

The genuinely new facts include the first modern, QA/QC’d assays at Taylor, which upgrade the evidentiary standard from grabs and unverified historical holes to RC assays, and confirmation that antimony mineralization occurs approximately 170 m outside the Merrimac workings and that silver extends below the historical drill limit. However, the grades and widths delivered do not exceed what was previously demonstrated. The antimony consists of two narrow seams in two holes, and 71% of the best silver composite sits in a 10.7 m sub-interval near surface rather than in a newly discovered zone.

The market has been paying roughly 6-7% one-day moves for recent Eastside drill news, such as the move from C$0.64 to C$0.68 on the September 21, 2026 Castle release, and from C$0.60 to C$0.64 on the September 17, 2026 South McIntosh release, which reported weak 0.20-0.23 g/t gold. While a better-quality multi-metal result with a critical-minerals angle could plausibly move the stock more than that near its lows, the market has consistently treated A2 Gold's drill flow as incremental, and there is nothing in the rock here that breaks that pattern.

A2 Gold Corp. (TSX-V: AUAU; OTCQX: AUXXF; FRA: RR7) is a Nevada-focused precious-metals explorer controlling approximately 230 km² across two district-scale projects. Kinross Gold holds approximately 9.9% of the company, while the register also includes Eric Sprott, Ingalls & Snyder, and CALU Group, according to the investor deck.

At its flagship Eastside project in Esmeralda County, which is 100%-owned, A2 Gold holds NI 43-101 pit-constrained Inferred resources effective July 30, 2021. The Original Pit Zone contains 61.73 million tonnes at 0.55 g/t Au and 4.4 g/t Ag, equating to 1.09 moz Au and 8.7 moz Ag. The Castle zone contains 19.986 million tonnes at 0.49 g/t Au, or 314 koz Au. These figures are based on a 0.15 g/t Au cut-off and US$1,725/oz gold. In 2026, the company plans a 30,000 m RC programme, expanded from 18,000 m, alongside a approximately 3,700 m Pente programme targeting higher-grade epithermal feeder structures. Preliminary metallurgy indicates that both oxide and sulphide gold are heap-leach amenable. All resources are classified as Inferred; there are no reserves and no economic study.

The Taylor project in White Pine County covers 117 km² and was acquired on June 15, 2026, from White Pine Precious Metals. Historical 2018 SRK estimates cited 10.995 moz Ag Measured and Indicated plus 603 koz Ag Inferred at 1.6 oz/t Ag and US$17/oz, though these are explicitly not current and are not treated as a resource. The consideration for the acquisition included 8,662,881 shares, US$1.0M in deferred cash (with US$250k paid at closing and three further US$250k instalments), and a 2.0% NSR, which is repurchasable at US$2M over four years or US$3M over six years, with an aggregate royalty burden capped at 3.0% NSR. The RT/JO claims added US$225k cash, 316,377 shares, and a 1.0% NSR, with half repurchasable for US$500k.

This is not an earnings release, so there are no new financial statements to assess. Prior-period context, not disclosed in today's release, indicates a FY2025 net loss of C$2.49M. For the six months ended March 31, 2026, the net loss was C$2.39M, including a C$1.66M loss in the Q2-2026 quarter. As of March 31, 2026, the company held C$13.48M in cash and C$13.28M in working capital, with total equity of C$52.08M. This represents a book value of C$0.50 per share against a C$0.68 price, or approximately 1.4x book. The company has no debt, and the going-concern flag was not raised. The MD&A attributes the widened loss to stock-based compensation, IR spend, and Taylor due diligence, alongside the Taylor transaction and warrant exercises totaling C$6.05M.