Bullion Gold Intersects 2.49 g/t Au Over 8.4 Metres Including 13.40 g/t Au Over 1.0 Metre in DDH TG-05 at Terragold

Bullion Gold Resources Corp. (BGD) released the first batch of assay results from its Terragold validation program, with four of 32 diamond drill holes (DDH) reported. The remaining 28 holes are still awaiting assays and will be released in batches.

Results from the JJ Zone include the following intercepts:

• TG-05: 8.4 m @ 2.49 g/t Au (29.0-37.4 m), including 1.0 m @ 13.40 g/t Au (32.5-33.5 m); plus 5.0 m @ 0.60 g/t Au (51.5-56.5 m).
• TGNO-03: 15.3 m @ 0.58 g/t Au (31.0-46.3 m), including 5.3 m @ 1.19 g/t Au and 1.3 m @ 3.43 g/t Au; plus 44.5 m @ 0.43 g/t Au (54.0-98.5 m), including 14.5 m @ 0.75 g/t Au and 1.0 m @ 2.57 g/t Au.
• TG-01: 6.1 m @ 0.63; 10.0 m @ 0.58 (incl. 2.3 m @ 1.28); 18.3 m @ 0.38; 2.7 m @ 0.83 (incl. 1.4 m @ 1.31).
• TG-02: 18.1 m @ 0.32 (incl. two ~1.1 m runs at 1.32 and 1.20 g/t).

The company noted a 100% success rate, stating that all four DDH returned multiple gold intercepts greater than 1.00 g/t Au over 1.0 m. The reported widths represent core lengths, and true thickness remains unknown. Multi-element assays for silver are pending. The CEO is scheduled to present at an Emerging Growth Virtual Conference on the same day.

Bullion Gold Resources Corp. (BGD) is a grassroots, pre-resource explorer and micro-cap with no revenue and a going-concern flag in its MD&A. While discovery-type results typically carry higher impact for companies at this stage, the recent findings serve as validation of a known system rather than a new discovery. The perceived odds of continuity are modestly improved, with the best hole adding a genuine high-grade vector of 13.4 g/t over 1 meter at shallow depth. However, key factors remain unchanged: the scale is limited to a 2 km strike already known, grades consist of wide runs at or below the ~0.9 g/t open-pit average, and there is still no resource, metallurgy, or true width defined.

The stock is trading at C$0.08, near the bottom of a C$0.06-0.11 range, having drifted down from its ~C$0.11 April highs. The market has not re-rated on Terragold, as the anchor of historical high grades and a prior channel sample of 2.80 g/t over 9.6 m is not embedded. Consequently, while a confirmation hole can be a modest positive, this result is not materially better in grade-and-width substance than previously demonstrated historical intervals, which include 14.74 g/t over 6.7 m and 11.73 g/t over 9.97 m.

The Bousquet bonanza, consisting of 19.4 m @ 17.29 g/t from March 2026, belongs to an optioned project where Bullion is a 20% carried partner rather than the operator, capping value capture there.

Bullion Gold Resources Corp. (TSXV: BGD; OTC Pink: BGDZF) is a Quebec-focused explorer whose management team includes CEO Simon Britt, appointed in April 2026. A CPA with a capital-markets background, Britt leads a technical committee that retains prior CEO Guy Morissette and long-tenured Quebec geologists.

The company’s portfolio includes the Terragold property, a 100% interest comprising 38 claims covering 2,058 hectares located 12 km south of Senneterre. Acquired in February 2026 for 3,550,000 shares and a 2% net smelter return (NSR), the site features a historical corridor with over 2 km of strike extending to approximately 250 meters, though no resource has been defined.

At the Bousquet property, Bullion holds a 20% net carried interest, which has been optioned to Olympio Metals (ASX: OLY). Olympio has earned a 51% stake and is pursuing a further 29%, while Bullion remains free-carried to production. The property has reported high-grade intercepts, including 19.4 meters at 17.29 g/t gold, but Bullion’s economics are minority.

The Langlade property, a 100% interest of 74 claims covering 4,127 hectares, saw 11 holes totaling 1,771 meters drilled in 2026. These efforts identified polymetallic intercepts, such as LAN-26-28 returning 41.0 meters at 1.03% copper equivalent, but no resource has been established. Meanwhile, the Bodo property, a 100% interest of 461 claims covering 24,437 hectares in Eeyou Istchee-James Bay, remains in the early stages with only surface sampling conducted.

Financially, the company is pre-revenue. For the fiscal year ending 2025, Bullion reported a net loss of C$0.49 million, followed by a Q1 2026 net loss of C$0.10 million. As of March 31, 2026, the company held C$0.93 million in cash and C$3.84 million in total equity, with no debt. The company carries a going-concern flag and completed a C$2 million oversubscribed placement in June 2026 at C$0.09 per share. Prior-period context was not disclosed in the current release.