Viva Gold Continues to Expand Gold Mineralization at the Tonopah Gold Project in Nevada

Executive Summary

• Viva Gold Corp announced additional reverse-circulation (RC) drill results from its 2026 program at the Tonopah Gold Project in Nevada, successfully extending known gold mineralization and defining new mineralized blocks.
• The first 15 drill holes are being incorporated into an updated resource model that will directly underpin the company's pre-feasibility study (PFS), targeted for completion in Q4 2026.
• Key intercepts include 56.4m @ 0.35 g/t Au and 19.8m @ 1.01 g/t Au, with assay results received for 15 of the 19 completed holes.

Key Details

• Program Scope & Progress: 19 RC drill holes totaling 3,210 meters have been completed, including 3 exploration holes at the Midway Hills prospect. Assay results have been received for holes TG2601 through TG2615, with results for the remaining 4 holes expected in the coming weeks.
• TG2615: 56.4 m @ 0.35 g/t Au in two zones starting at 32 meters depth.
• TG2614: 19.8 m @ 1.01 g/t Au in four zones starting at 51.8 meters depth.
• TG2612: 7.6 m @ 0.34 g/t Au in two zones starting at 56.4 meters depth.
• Resource Model & PFS Timeline: The first 15 holes are currently being incorporated into an updated resource model to support the company's pre-feasibility study, which is targeted for a final report in Q4 2026.
• Drilling Objectives: The program was designed to infill and upgrade areas of inferred gold mineral resource, drill undrilled areas currently carried as waste within the 2025 PEA resource pit shell, and test open extensions to mineralization outside the PEA pit shell.
• QA/QC & Laboratory: Assays were performed by American Assay Laboratories Inc. (Reno, Nevada) using fire assay and ICP methods with gravimetric finish. The company maintains a strict chain of custody and inserts blanks and standards into the assay stream.
• Qualified Person: James Hesketh, MMSA-QP (Officer & Director), has approved the scientific and technical disclosure contained in the release.

Notable Quotes

• James Hesketh, President & CEO: “With each batch of results, the picture at Tonopah gets bigger and clearer. TG2614 defined the width extent of the new southeast trend, while TG2615 builds directly on our earlier TG2608 intercept to establish a new block on gold mineralization of the south side of the deposit. The first fifteen holes of this program are now being incorporated into our updated resource model, and we are encouraged by what we are seeing.”