Blossom Gold completes 4,000 ft of drilling at Rosebud

• Blossom Gold has completed 4,000 feet of PQ core drilling for metallurgical testing at the Rosebud Project in Nevada.
• Sample intervals are being delivered to KCA (Kappes, Cassiday & Associates) for bottle-roll and column leaching tests.
• Bottle-roll results expected within 30-45 days; column leaching results anticipated starting September through end of 2026.
• The company filed a Notice of Intent (NOI) with the BLM to initiate exploration drilling on the Kamma Claims west of Rosebud, targeting Q3 2026 commencement.
• Three drill rigs are active at Rosebud with a fourth expected; the company states it is well-funded for the current programs.
• The project hosts an Inferred Mineral Resource of 70.8 million tonnes grading 0.68 g/t AuEq (1.28 Moz Au, 13.4 Moz Ag).

• Progression vs Expectations: The completion of metallurgical drilling aligns with the timeline established in February and April news releases (targeting H2 2026 for metallurgical sampling). This is not a surprise but confirms execution against plan.
• Value Creation: No new resource estimate or upgrade was announced; the focus remains on feasibility data generation (leaching tests) rather than immediate resource expansion.
• Capital Implications: The news states the company is "well-funded" for the 2026 exploration budget, which mitigates immediate dilution risk concerns regarding the Kamma drilling program. However, no specific financing round was announced to cover the upcoming feasibility study costs.
• Strategic Value: Adding the Kamma Claims (1,809 acres) adjacent to Hycroft Mine provides optionality for future resource expansion but does not materially change the current valuation case until assay results are received in Q3 2026.

• Company: Blossom Gold Inc. (BGAU). Listed on TSX in February 2026.
• Flagship Project: Rosebud Project, Pershing County, Nevada.
• Project Type: Open-pit heap-leach gold-silver operation targeting H2 2028 construction.
• Resource Status: Inferred Mineral Resource of 70.8 Mt @ 0.68 g/t AuEq (1.28 Moz Au).
• Exploration: Active drilling program including HQ core for resource expansion and PQ core for metallurgical testing. Underground exploration planned to evaluate nearer-term cash flow potential.