BULGOLD Commences Drilling On The Lutila Gold Project

• BULGOLD Inc. announced the commencement of exploration diamond drilling at the Lutila Gold Project in Central Slovakia on May 27, 2026.
• The program targets the recently discovered Kopernica vein system identified in February 2026.
• Scope includes three short drill holes, each approximately 200 meters in length.
• This follows a non-brokered private placement closed on April 21, 2026, raising $1.17 million to fund exploration and working capital.
• The company controls 100% of the Lutila Gold Project (32.2 km²) along with two other projects in Slovakia and Bulgaria within the Western Tethyan Belt.

• Execution vs. Expectation: The drilling commencement is a direct execution of the plan announced during the March 19, 2026 financing announcement and the April 21 closing. It confirms management is utilizing raised capital as intended.
• Market Reaction: As this was anticipated following the financing close, it is unlikely to cause a significant immediate price spike unless assay results from previous holes (Feb 2026) were unexpectedly positive in the interim. The Feb discovery of the Kopernica vein system (surface grades up to 2.88 g/t Au) set expectations for this drilling phase.
• Materiality: Routine - Positive. It validates the use of proceeds but does not introduce new geological data or strategic shifts that would alter valuation significantly at this stage.

• Company: BULGOLD Inc. (TSXV: ZLTO).
• Flagship Project: Lutila Gold Project, Central Slovakia.
• Project Type: Quartz-adularia, low-sulfidation epithermal gold mineralization.
• Portfolio: 100% ownership of three projects in the Western Tethyan Belt (Lutila, Kostilkovo, Kutel).
• Status: Exploration/Development phase; no production guidance or reserves reported yet.