BULLFROG GOLD PROVIDES UPDATE ON SOUTH BULLFROG

Executive Summary

• Bullfrog Gold Corporation provided a comprehensive exploration update on its 100% owned South Bullfrog gold project, strategically located in Nevada's Beatty District.
• The company identified five drill-ready targets (Longtail, Shingleback, Sledge, Bottoms-up, and Southeast Block) supported by historic mining workings, geochemical anomalies, and geophysical data.
• The property is centrally positioned between AngloGold Ashanti's major Bullfrog, North Bullfrog, and Arthur projects, which collectively hold millions of ounces of gold reserves and resources.

Key Details

• Project Tenure & Location: 100% interest in 488 BLM claims covering 10,050 acres in the Beatty District, Nevada, near Beatty.
• Strategic Positioning: Staked in 2021 prior to AngloGold Ashanti's district consolidation (acquisitions of Corvus Gold for US$371M, Coeur Sterling for US$150M, and Augusta Gold for $197M). Centrally located between AngloGold's Bullfrog, North Bullfrog, and Arthur development projects.
• AngloGold District Context: Arthur project announced a pre-feasibility study in March 2026 containing 4.9 million ounces of gold reserves, with potential for a nine-year mine life and average annual production of 500,000 ounces.
• Exploration Status: Drill permitted with five drill-ready targets supported by historic workings, surface pathfinder rock and soil geochemistry, surface alteration, magnetic, electromagnetic (IP), and gravity geophysics, and favorable host rocks.
• Longtail Target: Obscured by colluvium but contains siliceous float and steam-heated alteration (alunite–kaolinite–silica) similar to AngloGold's Arthur discovery. Defined by As, Sb, and Hg pathfinder geochemistry and magnetic/IP/gravity features indicating potential for gold mineralization at depth.
• Shingleback Target: Contains historical workings and structurally controlled hydrothermal activity. Anomalous stream sediment geochemistry and hyperspectral data indicate localized acid alteration. A large IP-resistivity feature coincides with the interpreted intersection of the Twin-Shafts and Basalt faults, suggesting a hydrothermal fluid conduit.
• Sledge Target: Features hydrothermal breccia, chalcedonic silica, and clay alteration along a major fault zone (northeast projection of the Montgomery–Shoshone structure). Hg and As enrichment occurs in silicified zones along the east-dipping fault, which likely cuts reactive volcanic host rocks at depth.
• Bottoms-up Target: Defined by elevated soil geochemistry (As, Sb, Hg) coinciding with steam-heated alteration, silicified outcrops, quartz veinlets, and brecciation. Located at a geophysical structural intersection, potentially representing geochemical leakage from a deeper concealed hydrothermal system.
• Southeast Block Target: Contains silicified rhyolitic ridges, a vitrophyric cap unit, oxidized volcanic rocks, and green alteration indicating multi-level hydrothermal processes. Numerous faults display silicification and devitrification, particularly along the Fluorspar Canyon fault zone.
• Marketing Agreement: Engaged Triomphe Holdings Ltd. (doing business as Capital Analytica) for marketing, social media, and capital market consultation services. Initial six-month term for a $150,000 fee payable in two equal tranches ($75,000 on June 4, 2026; $75,000 on September 4, 2026). Option to renew for an additional six months at $75,000. Subject to TSXV approval. Arms-length provider with no current securities ownership.
• Qualified Person: Daniel MacNeil, P.Geo., Vice President of Exploration, approved all scientific and technical information in accordance with NI 43-101.

Notable Quotes

• "We had the foresight to stake South Bullfrog in 2021 prior to consolidation of the district by AngloGold and despite its central location in the district, favourably oriented faults, and widespread adits, shafts and workings from historical mining, South Bullfrog had not seen modern exploration methods," comments Ian Slater, Chief Executive Officer. "South Bullfrog has now been systematically explored and has the foundational geological mapping, geochemical sampling, satellite alteration, and geophysical data sets required to position Bullfrog Gold for discovery in 2026."