Legacy Gold Intersects 1.14 g/t Gold over 44.3ft (13.5m) from Surface, and Then 2.4 g/t over 26.9ft (8.2m), Incl. 6.6 g/t over 7.5ft (2.3m); Main Zone Extended 558ft (170m) West at Baner, Idaho

Legacy Gold Mines Ltd. (LEGY) has reported assay results from core hole LG26-004, the third hole of Phase 1 (2026 core drilling) at the Baner Gold Mine Property in Idaho. The hole extends the Main Zone 170 meters west and 200 meters uphill from prior drilling.

Key reported intercepts include: - 2.4 g/t Au over 8.2 m (from 74.5 m), including 6.6 g/t over 2.3 m - 1.14 g/t Au over 13.5 m from surface, including 3.45 g/t over 1.5 m - 0.63 g/t Au over 20.1 m (from 114 m), including 10.5 g/t over 0.5 m - 0.27 g/t Au over 21.2 m, 0.29 g/t over 16.8 m, and other lower-grade intervals - Approximately 82 m of the first 134 m above 0.2 g/t Au cut-off

The release also notes that Phase 2 RC drilling is temporarily paused due to a rig mechanical issue, with resumption expected shortly.

Legacy Gold Mines Ltd. (LEGY) is an exploration-stage junior miner with no established resource, meaning its equity value is driven entirely by drill results. The company’s latest hole, LG26-004, represents a modest step-out that confirms the exploration target’s geological model and extends the mineralized footprint, a development that is positive for eventual tonnage. However, the hole’s grades are not materially better than the target average, and gram-metres remain low.

The market has already reacted to a series of similar wide, low-grade holes, such as the August 5 extension 220 m north, and the stock did not rally on that news. Instead, the shares have remained in a slow decline from C$1.27 to C$0.99. Consequently, this news is considered incremental and unlikely to move the needle beyond a short-term bounce. A delay with the mining rig is viewed as a minor operational hiccup rather than a change in the investment thesis. The hole is consistent with expectations.

Legacy Gold Mines Ltd. is a TSX‑V‑listed junior explorer advancing the Baner Gold Mine Property in Idaho’s Orogrande mining district. The property has seen historic underground production and recent drilling by previous operators. Legacy holds an option to acquire 100% interest, with remaining payments due in 2027. The company targets a bulk‑tonnage, heap‑leach open‑pit deposit, with an initial conceptual exploration target of 50–55 Mt at 0.72–0.91 g/t Au (1.1–1.6 moz). The 2026 drill programme (40,000 ft) aims to deliver a maiden NI 43‑101 resource estimate by late Q4 2026 or early Q1 2027. The company recently raised C$10M at C$0.30, and cash stood at C$6.3M as of June 30, 2026, with no debt.