Bullion Mobilizes Field Team to Terragold Project and Increases Private Placement to $2 Million

Executive Summary

• Bullion Gold Resources has mobilized its field team to the 100% owned Terragold Project in Quebec to prepare for a validation drilling campaign scheduled to commence later in June 2026.
• The company announced an increase in the maximum gross proceeds of its proposed private placement from $1.5 million to $2.0 million, pending TSX Venture Exchange approval.
• The upcoming drilling program will utilize modern 3D geological modeling and historical data to confirm high-grade gold intersections and evaluate the full geochemical signature of the mineralized system, which has seen minimal exploration activity since 1984.

Key Details

• Drilling Preparation: Field activities include vegetation harvesting, stripping and exposing the Terragold showing, collecting geological and structural information, locating and surveying historical drill hole collars, finalizing drill targets, and preparing drill pads.
• Drilling Campaign: Validation drilling is scheduled to begin later in June 2026 to confirm historical high-grade gold intersections and assess elements associated with the quartz-feldspar porphyry and surrounding alteration zones not systematically analyzed historically.
• Historical Mineralization: The gold mineralized corridor has been intersected by drilling over a cumulative strike length exceeding 2 kilometres to a depth of approximately 250 meters. A historical 237 kg bulk sample graded 3.64 g/t Au, demonstrating mineralization outcropping at surface. The system remains open in all directions.
• Financing Update: Maximum gross proceeds for the proposed private placement of Units increased from $1.5M to $2.0M due to strong investor interest. TSXV approval is required; all other offering terms remain unchanged.
• Qualified Person: Scientific and technical information reviewed and approved by Ms. Suzie Tremblay (OGQ No. 10664), Vice President of Explo-Logik.
• Project Portfolio: Company holds 100% interest in Terragold (Au), Langlade (Cu, Zn, Au, Ag), and Bodo (Cu, Zn, Au, Ag). The Bousquet (Au) project is under option to Olympio Metals (ASX: OLY).

Notable Quotes

• Simon Britt, President and CEO: "Mobilizing our field team marks the beginning of a new chapter for the Terragold Project. Despite widespread historical gold mineralization and drilling that outlined a mineralized system extending over more than two kilometres, the project has seen very limited exploration activity since 1984. Following more than 40 years of inactivity, our recent compilation of historical data and completion of a comprehensive 3D geological model have provided a better understanding of the system and identified several high-priority targets... We believe Terragold represents a compelling underexplored opportunity within the Abitibi Greenstone Belt and look forward to advancing the project using modern exploration techniques."