SOMA GOLD SUBMITS PTO MINING PERMIT APPLICATION FOR NECHI PROJECT IN COLOMBIA

• On 8 Apr 2026 Soma Gold submitted its PTO mining permit application for the Nechí underground project in Bolívar, Colombia.
• The Nechí development is projected to add ≈250 t/d of ore feed to the existing El Bagre mill, delivering an incremental ~25,000 Au‑eq oz per year.
• Management expects permit approval by year‑end 2026, which would make Nechí a “significant contributor” to Soma’s growth plan.

Aspect	Assessment
Expectation vs. outcome	The filing follows months of public statements (e.g., March 2025 soil‑anomaly work, April 2026 production updates) that Nechí was “≈95 % complete” and a permit submission was imminent. Hence the news is largely expected.
Magnitude	Adding 250 t/d translates to ~25 kt of ore per year – modest relative to the current combined mill capacity (≈675 t/d). The incremental gold ounces are small compared with total annual production (~9‑12 k oz projected for 2026‑27).
Market reaction potential	Because the permit filing was anticipated and the volume impact is limited, the news is unlikely to move the stock dramatically. It reinforces the existing growth narrative without altering valuation fundamentals.
Overall materiality	Routine – Positive: confirms a scheduled milestone; no surprise element or game‑changing economics.

Soma Gold Corp. operates two adjacent gold mining complexes in Antioquia, Colombia – El Bagre (Cordero underground mine + processing plant) and El Limon (past‑producing underground mine & mill under refurbishment). The flagship growth driver is the Nechí Project, an underground development ~350 km from Medellín that will feed the El Bagre mill. Additional value comes from a portfolio of small‑miner contracts, sensor‑based ore sorting technology, and exploration targets (e.g., Psyche 2 copper‑gold anomaly, Venus Gap vein).