Epic Gold Announces Share Consolidation

• Share Consolidation (May 25, 2026): The Board approved a 5-for-1 consolidation of all issued and outstanding securities. Share count reduces from ~214.7 million to ~42.9 million. No name change is intended.
• Strategic Intent: Management states the goal is increased flexibility for financing opportunities and strategic acquisitions.
• Drilling Results (May 19, 2026): Initial assay results from the 2026 diamond drilling program at Fenton Gold Project confirmed high-grade mineralization across multiple targets (Everest, Weller, Fenton Main).
• Key Intercepts: FTN-26-005 intersected 76.80 m @ 1.23 g/t Au; FTN-26-002 intersected 5.85 m @ 4.65 g/t Au in the Everest System.
• Geology: Interpretation suggests a structurally controlled, northeast-plunging mineralized corridor within sheared basaltic host rocks.

• Consolidation Impact: The 5-for-1 consolidation is a structural adjustment rather than an operational breakthrough. It theoretically increases the share price from $0.05 to ~$0.25, which may help meet exchange listing requirements (often $0.25 minimum) and improve liquidity perception for institutional investors.
• Drilling Impact: The drilling results are positive but incremental. They confirm existing geological models rather than defining a new resource category. Without an updated NI 43-101 resource estimate, the market impact is limited to exploration confidence rather than valuation re-rating.
• Combined Effect: The consolidation facilitates the financing required to advance the drilling program results into a resource. It removes a barrier (low share price) but does not create intrinsic value itself.

• Company: Epic Gold Corp. is a junior exploration company focused on the Fenton Gold Project in Quebec, Canada.
• Flagship Project: The Fenton Gold Project is located approximately 60 km southeast of Chapais, Quebec. It features historically defined zones (Fenton Main) and newly expanded targets (Everest, Weller).
• Development Stage: Exploration/Drilling. No production or resource estimate has been publicly detailed in the provided news releases.
• Geology: Structurally controlled gold mineralization within sheared basaltic host rocks, interpreted as a northeast-plunging corridor with potential for bulk-tonnage style envelopes.