Sitka Drills 119.0 Metres of 1.01 g/t Gold from Surface, Including 10.7 Metres of 4.10 g/t Gold and 1.2 Metres of 24.8 g/t Gold, at the Contact Zone, Confirming Another near Surface Higher-Grade Gold Zone at Its RC Gold Project, Yukon

On November 12, 2025, Sitka Gold Corp. announced initial diamond drill results from the Contact Zone at its RC Gold Project in Yukon. The highlight was Hole DDRCCC-25-113, which intersected 119.0 metres of 1.01 g/t gold from surface. This intercept included a higher-grade portion of 10.7 metres of 4.10 g/t gold and a very high-grade interval of 1.2 metres of 24.8 g/t gold. CEO Cor Coe stated that these results confirm another near-surface, higher-grade gold zone, adding the Contact Zone to a growing list of targets with the potential to host multi-million ounce deposits on the property. The mineralization remains open in all directions.

The news is materially positive. It successfully confirms significant gold mineralization at a new target, the Contact Zone, with the first batch of assays from the area. The drill intersection of 119.0 metres of 1.01 g/t gold from surface is economically significant and highly consistent with the grades and long, near-surface intercepts recently discovered at the Rhosgobel target (~5km away).

This result is important for several reasons: 1. Validates Exploration Model: It reinforces the company's thesis that the Clear Creek Intrusive Complex hosts multiple, large, intrusion-related gold systems (a "string of pearls" model). Having now confirmed significant mineralization at Blackjack, Eiger, Rhosgobel, and now Contact, the district-scale potential of the RC Gold Project is substantially enhanced. 2. Adds a New Growth Area: The Contact Zone now becomes another high-priority target for follow-up drilling and potential resource delineation, complementing the established Blackjack deposit and the rapidly emerging Rhosgobel discovery. 3. Timing: This news follows the company's successful closure of over $30 million in financing in late October/early November. With a treasury of over $43 million, Sitka is fully funded to aggressively explore these now-proven targets in a planned 60,000-metre 2026 drill program. This result provides another compelling target for that capital allocation.

While not a "Game Changer" in the same way the initial Rhosgobel discovery or the massive financing were, this news is a strong, incremental de-risking event. It proves the geological model is working across the property and continues the company's excellent track record of exploration success. It should provide strong support for the stock price by demonstrating that the project's potential is not limited to just one or two zones.

Sitka Gold Corp. is a Canadian-based mineral exploration company focused on advancing its portfolio of gold, silver, and copper properties. Its flagship asset is the 100%-owned, 431 sq km RC Gold Project located in Yukon's Tombstone Gold Belt. The project is road-accessible and strategically located between Victoria Gold's Eagle Gold Mine and a past-producing Brewery Creek Gold Mine.

The RC Gold Project hosts a NI 43-101 compliant pit-constrained mineral resource estimate (effective Jan 21, 2025) at the Blackjack and Eiger deposits of 1.3 million ounces of gold at 1.01 g/t in the indicated category and 1.5 million ounces of gold (at an average grade of 0.83 g/t) in the inferred category. The company's 2025 drill program has led to a significant new discovery at the Rhosgobel target and has now confirmed another zone of mineralization at the Contact target, highlighting the potential for multiple large gold deposits on the property.