Legacy Gold Intersects 1.44 g/t Gold over 80ft (24.4m) Starting 7ft (2.1m) Vertically Below Surface, Incl. 15.8 g/t over 5ft (1.5m), in First 2026 RC Hole, Extending Main Zone 220m (720ft) North at Baner, Idaho

Legacy Gold Mines Ltd. (LEGY) has reported results from LG26-005, the first reverse circulation hole of 2026 at the Baner Main Zone. The intersection included a thick composite interval of 0.86 g/t Au over 45.7m (150ft) from 13.7m downhole, which sits 2.1m vertical below surface. This interval contained a higher-grade section of 1.44 g/t Au over 24.4m (80ft), which in turn included a bonanza spike of 15.8 g/t Au over 1.5m (5ft).

The company also reported a separate deeper zone of 0.42 g/t Au over 18.3m from 80.8m. Several lower-grade sub-intervals ranging from 0.17 to 0.38 g/t were reported, all within the broader mineralized envelope. This hole extended the Main Zone gold mineralization 220m (720ft) north of the prior intersection LG25-006. The deposit remains open to the north, and the best soil anomalies to the southwest remain untested.

Phase 1 core drilling of 12,000ft is complete, while Phase 2 RC drilling of up to 28,000ft is underway. The company plans 43 RC holes across three zones.

Legacy Gold Mines Ltd. (LEGY) is a pre-resource junior explorer whose primary value driver is proving a large, continuous, low-grade gold system. The company recently completed a successful 220 m step-out that extends the known mineralized footprint, consistent with its exploration target’s growth narrative.

The drill hole returned 0.86 g/t over 45.7 m. This grade-width combination is not materially better than earlier holes; the extension adds tonnage potential but does not shift the market’s perception of grade or scale. The stock had previously rallied from $0.31 to $1.27 on the exploration target and financing, then corrected to $0.94, suggesting the market had already priced in a large system.

At a ~C$57M market cap against a conceptual ~1.1-1.6 moz exploration target, the stock is not cheap on a risk-adjusted basis. The news is positive but routine, representing an expected deliverable from a 40,000-ft program. The results maintain the growth story but lack the grade or width to be considered a company-maker, serving more as a building block toward a maiden resource.

Legacy Gold Mines Ltd. (TSXV:LEGY) is a Canadian junior explorer focused on the Baner Gold Mine Property in Idaho, USA, a historic Orogrande district. The project is an option from Champion Electric, targeting a large, heap-leachable, open-pit gold resource in quartzite-hosted shear zones.

No NI 43-101 resource has yet been defined; an initial conceptual exploration target of 50.3–55.3 Mt at 0.72–0.91 g/t Au was derived from 46 historic/recent holes. The company completed a $10M financing in April 2026 and launched a 40,000-ft drill program aimed at delivering a maiden resource by early 2027.

Management has prior success with Kirkland Lake Gold and Rupert Resources. The company has a market cap of approximately C$57M, cash of approximately $8.3M, and no debt.