Crossroads begins 2026 field exploration at Steiglitz

Executive Summary

• Crossroads Gold Corp. has initiated its maiden 2026 field exploration program at the Steiglitz gold project in Victoria, Australia, focusing on soil sampling, geological mapping, target generation, and community engagement.
• Initial portable XRF analysis of 113 soil samples revealed a continuous 900-metre corridor of arsenic and antimony mineralization along the Hanover fault zone, with peak values of 648 ppm arsenic and 65 ppm antimony.
• The company is preparing scout drilling work plans for regulatory approval, with Phase 1 drilling anticipated in Q2 2026, while historical research indicates untested high-grade ore shoots remain below past workings.

Key Details

• Program Scope: Maiden 2026 field program includes soil sampling, mapping, target generation, and community engagement; designed to advance targets and support discovery.
• Initial Sampling: 247 samples collected from the Hanover fault zone (key gold-antimony target); assay results pending validation and interpretation.
• Planned Sampling: Additional 170 samples targeted in other favourable structural zones, plus a broader stream sediment program to the south to test extensions of established structures.
• Geochemical Results: Portable XRF analysis of 113 samples shows continuous arsenic/antimony mineralization along the main Hanover fault zone for 900m; peak values of 648 ppm arsenic and 65 ppm antimony.
• New Target Discovery: Lidar survey identified gold workings 200m north of previous areas, defining a new parallel zone termed the North Hanover fault zone.
• Assay Pipeline: Anomalous arsenic/antimony soil samples will be sent for low-level (ppb) gold assays with an expected turnaround of less than four weeks.
• Drilling Plans: Scout drilling work plan submitted to Earth Resources and Regulations Victoria (ERR) for approval; Phase 1 drilling program planned for Q2 2026.
• Historical Mine Research: Analysis of 1860s-1900s newspaper records for the North Birmingham mine indicates a structurally segmented shear-hosted system; payable grade of 0.9 oz/t Au (27 g/t Au) persisted at ~233m depth; development ceased due to capital constraints, not mineral termination.
• Project Location & Tenure: Steiglitz project covers 53 sq km under EL6164, located ~80 km west of Melbourne, Victoria.
• Historical Production: ~250,800 oz Au at 38 g/t Au recovered between 1855-1911; second-highest grade in the Bendigo belt.
• Exploration Status: Only five historical drill holes completed at the Hanover group of mines; project remains largely underexplored with modern techniques.
• Additional Assets: Company holds an application for EL8776 (232 sq km) at the Pheasant Creek project, ~75 km NE of Melbourne, in similar geology to Southern Cross Gold's Sunday Creek discovery.
• Qualified Person: Andrew Hamilton, PGeo, reviewed and approved technical information; independent per NI 43-101 and has not visited the project.

Notable Quotes

• Rex Motton, CEO & Director: "Crossroads has begun its maiden 2026 field exploration program at Steiglitz, marking a significant milestone. We are continuing to build operational momentum focused on systematic exploration and target advancement. Our work to date at Steiglitz indicates a substantial, underexplored gold system within one of Australia's most prolific gold belts. We see these early results as being highly encouraging and continue to reinforce our view that the Steiglitz project offers a compelling, target-rich opportunity in a historically high-grade district with very limited drilling. Research, sampling and field mapping has established several significant priority targets, which we are committed to advancing quickly toward drilling."