Cambria Gold begins infill drilling at Premier

Executive Summary

• Cambria Gold Mines Inc. has commenced infill drilling at its Premier Gold Project (PGP) in northwestern British Columbia, aiming to upgrade resource confidence and inform development planning for a planned restart of mining operations.
• The company plans 27,000 metres of underground and surface diamond drilling, starting with the Premier-Northern Lights (PNL) deposit and the Prew zone, with additional drilling expected at the Big Missouri deposit in spring.
• Cambria is reviewing withheld 2024 and 2025 drill assay results, which are expected to be released shortly and incorporated into an updated feasibility study planned for the second half of 2026.

Key Details

• Drilling Program Scope: 27,000 metres of underground and surface diamond drilling to upgrade resource confidence and inform development planning.
• Current Drilling Location: Premier-Northern Lights (PNL) deposit, proximal to the 2,500-tonne-per-day mill facility.
• Specific Targets:
  • Surface drilling at PNL.
  • Underground drilling of the Prew zone on 12.5-metre centres, targeting high-grade ore shoots documented by historical mining.
  • Spring drilling at Big Missouri deposit, potentially including near-surface zones for open-pit mining and areas for open stoping near existing underground workings (developed 2023-2024).
• Strategic Objective: Provide sample spacing and geological confidence to upgrade mineral resources/reserves and define future mining zones. Plans include blending or batch processing ore from these deposits with high-grade ore from the nearby Red Mountain deposit.
• Assay Results: Company is reviewing newly received drill assay results from 2024 and 2025 programs (held due to inability to pay invoices prior to recent recapitalization). Results expected shortly and to be included in an updated feasibility study planned for H2 2026.
• QA/QC Protocol Changes (2026 Season):
  • Crush split size increased from 250-gram (Ascot) to 1,000-gram split.
  • Request for crush and pulp duplicates at a rate of 1 in 20 samples.
  • Implementation of half-core duplicates (replacing quarter-core duplicates).
  • Fire assay charge weight increased from 30 grams (Au-AA23) to 50 grams (Au-AA26).
  • Overlimit fire assays increased to 50 grams (Au-GRA22).
  • New source of coarse blank material identified to replace carbonate-rich blanks.
  • Secondary lab checks to be implemented with an accredited laboratory.
• Marketing Services Agreement: Entered into a six-month social media consulting agreement with Triomphe Holdings Ltd. (d/b/a Capital Analytica) for $150,000, payable in two equal instalments. Includes option to renew for six months at $75,000.
• Market Making Services: Engaged ICP Securities Inc. for automated market-making services. Fee is $7,500 per month plus taxes. Agreement starts Feb. 26, 2026, for four months with automatic one-month renewals. No performance factors or stock options involved.

Notable Quotes

• "We are excited to commence this infill drilling program at the Premier gold project. The primary objective of this drilling is to provide the necessary sample spacing and geological confidence to upgrade mineral resources and reserves, as well as accurately define future mining zones proximal to the recently commissioned mill facilities," said Robert McLeod, president and chief executive officer of Cambria.