Pirate Gold Initiates 50,000 m Drilling Program and Launches New Video Series at Its Treasure Island Project

Executive Summary

• Pirate Gold Corp. has launched a 50,000‑metre diamond drilling campaign at its 100 % owned Treasure Island Project in central Newfoundland, with two rigs already on site and a third to mobilize in early 2026.
• The program will run throughout 2026, focusing first on expanding the high‑grade Moosehead zone and then testing new regional structures along the Valentine Lake fault zone.
• A new shareholder video series is being introduced to provide real‑time updates, core reviews, and geological walkthroughs, aiming to increase transparency and investor engagement.

Key Details

• Drilling Campaign: 50,000 m total planned; two diamond rigs active now, third rig scheduled for early 2026.
• Timeline: Program expected to continue through the calendar year 2026.
• Primary Targets: Expansion of known high‑grade Moosehead zone and identification of new regional discoveries across the Valentine Lake fault zone.
• Exploration Focus: Both developed prospects and grass‑roots targets will be advanced rapidly to drill stage.
• Video Series Launch: Teaser video released (YouTube link: https://www.youtube.com/watch?v=Hcjxi92GphY). Full series will include on‑site drilling updates, core reviews, structural walkthroughs, fieldwork highlights, and commentary from the exploration team.
• Executive Comments:
• Greg Matheson, VP Exploration – emphasized that discoveries at Treasure Island are “made with the drill bit” and highlighted the regional scale of the project.
• Denis Laviolette, Executive Chairman & CEO – stressed the goal of bringing shareholders “on the ground” through the video series to illustrate how each hole and structure fits into the larger exploration story.

Notable Quotes

• “We recognized early on in our assessment of Treasure Island that discoveries here are going to be made with the drill bit.” – Greg Matheson, VP Exploration
• “Our exploration model at Treasure Island is built on scale… We want shareholders to feel like they're on the ground with us.” – Denis Laviolette, Executive Chairman & CEO

Materiality Assessment

• Non-Material – Positive (the announcement outlines future drilling activity and investor communication initiatives without presenting financial results or definitive resource estimates).