Legacy Gold plans for 20,000 ft drill program at Baner

Executive Summary

• Legacy Gold Mines Ltd. outlined its 2026 surface exploration drill program of approximately 20,000 feet at the Baner gold mine property in Idaho, targeting the Main, NE, and Baner zones to expand on successful 2025 drilling results.
• The company received written confirmation from the US Forest Service that its 2026 plan of operations application is complete and is now undergoing National Environmental Policy Act analysis; drilling is targeted for Q2 2026.
• An initial exploration target was defined at 50.3 to 55.3 million tonnes at grades of 0.72 to 0.91 g/t Au, based on 46 drill holes totaling 10,459 meters, with significant wide, lower-grade intersections identified in 2025.

Key Details

• 2026 Drill Program: Approximately 20,000 feet of surface exploration drilling planned for Q2 2026, subject to permits.
• Drilling Targets:
  • Up Dip: Drilling uphill from previous holes to determine the width of the system (current down-dip intersections cover 290 m).
  • Baner East-West Zone: Targeting historical adits/shafts covering 1,000 m.
  • NE Zone: Previous intersections included 1.6 g/t Au over 16.6 m and 0.7 g/t Au over 35.2 m.
  • NW Zone: Targeting gold-in-soil anomalies coincident with geophysical conductors and magnetic highs similar to the Main zone.
  • Angel Zone: Targeting a linear 555 m gold-in-soil anomaly.
• 2025 Drilling Highlights (Significant Intercepts):
  • Hole LG25-004: 0.59 g/t Au over 71.6 m (235 ft).
  • Hole LG25-002: 0.50 g/t Au over 108.2 m (355 ft).
  • Hole LG25-005: 0.32 g/t Au over 88.4 m (290 ft).
  • Total mineralization widths to date: 71.6 m (LG25-001), 123 m (LG25-002), 75 m (LG25-003), 145 m (LG25-004), and 117 m (LG25-005).
  • Waste-to-mineralization ratio noted as low (0.26:1 in LG25-005).
• Initial Exploration Target:
  • Volume: 50.3 to 55.3 million tonnes.
  • Grade: 0.72 to 0.91 g/t Au.
  • Basis: 46 drill holes (10,459 m) from 2025 (Legacy Gold) and 2018/2020 (Idaho Champion).
  • Cut-off: 0.2 g/t Au with a minimum width of 5 m.
  • Bulk Density: 2.73 tonnes per cubic metre.
  • Metallurgy: Cyanide leach testing showed 87.1% to 93.2% recovery.
• Permitting Status: US Forest Service confirmed the plan of operations application is complete and is now under analysis per the National Environmental Policy Act.
• PDAC 2026: Company attending March 1, 2026, in Toronto at booth No. 2815.

Notable Quotes

• "Amongst other program goals, drilling up dip (uphill) this year from previous drilling will allow for a better understanding of Baner's potential scale of gold mineralization and we look forward to sharing this with shareholders at next week's PDAC," said Brian Hinchcliffe, Legacy Gold's chairman and chief executive officer.