ESCONDIDA VEIN RETURNS FIRST DRILL INTERCEPT OF 4.25 g/t Au OVER 1.85 m, INCLUDING 12.10 g/t Au OVER 0.65 m

Soma Gold Corp. (SOMA) has released the first drill intercept from its Escondida Project in Antioquia, Colombia. Hole EZDDH-26-001 returned 4.25 g/t Au over 1.85 m from 169.8 m to 172.0 m, including 12.10 g/t Au over 0.65 m. The company reported true widths of 1.55 m for the main interval and 0.55 m for the high-grade subinterval.

The hole was targeted 25 m northeast of current mine workings at about 100 m below surface. It cut a 2.7 m-wide fault zone, a 0.65 m-wide quartz vein, and clay alteration within granodiorite to diorite.

Regarding other drilling activity, EZDDH-26-002 was lost 25 m above its target. EZDDH-26-003 was completed 50 m down-dip and 65 m southwest of EZDDH-26-001, with assays pending, while EZDDH-26-004 has been collared.

Underground channel sampling returned high-grade results, including: * CHU600008 at 19.24 g/t Au over 1.0 m, including 38.36 g/t Au over 0.5 m * CHU600006 at 16.61 g/t Au over 1.0 m * CHU600005 at 15.40 g/t Au over 1.0 m

The release notes 29 channels and 81 samples were collected. Channel widths are composited to a 1 m minimum stope width and stated at approximately 95% to 100% of true width.

The company plans Phase 1 and Phase 2 drilling in 2026 to define a NI 43-101 resource, and is expanding Escondida production from 10 tpd toward 20-30 tpd.

Soma Gold Corp. operates as a small producer rather than a pure explorer. Its Escondida operation is currently minimal, with previous production averaging approximately 10 tonnes per day at roughly 9 grams per tonne, implying an annual output of about 1,000 ounces at the prior rate. The first drill hole at Escondida confirms near-mine vein continuity but does not define a resource or alter mine life. Consequently, the result does not change the consolidated resource base or the near-term production outlook.

Against the price chart, the stock rose from about C$1.22 in August 2025 to C$2.46 in late January 2026, before falling roughly 70% to C$0.63-C$0.76 by mid-2026. That prior run-up was driven by broader operational and Cordero/Atenas news, not by this Escondida result. Because the stock round-tripped after earlier high-grade Cordero intercepts, there is no embedded Escondida anchor pricing in this release.

For a producer with a market capitalization near C$112 million and consolidated production around 18,000-20,000 ounces, a 0.55 m true-width drill intercept at 12.10 g/t is incremental, not material.

Soma Gold Corp. operates as a gold producer and explorer in Antioquia, Colombia, managing two permitted mills: El Bagre, with a capacity of 450 tpd, and El Limon, bringing the combined permitted capacity to 1,400 tpd. The company’s key assets include the Cordero mine, El Limon, Aurora, Escondida, Nechi, and the Machuca exploration project, alongside a Brazil exploration property near Tucuma under option to Ero Copper Corp.

In 2025, Soma Gold reported AuEq production of 18,670 ounces and sold 18,869 AuEq ounces. Production in the first quarter of 2026 dropped to 3,788 AuEq ounces, a decline attributed to lower grades and dilution at Cordero. An April 2026 investor presentation outlined resource estimates for El Bagre at approximately 78,000 ounces indicated and 192,000 ounces inferred, while Nechi resources stood at about 49,000 ounces indicated and 85,000 ounces inferred.

The company’s financial position remains tight, with cash reserves declining to C$3.8 million in Q1 2026 from C$6.3 million at year-end 2025, prompting management to indicate the possibility of further financing. In June 2026, Soma Gold completed a C$25.78 million shares-for-debt settlement with Conex Services, which increased director Glenn Walsh’s indirect ownership to a controlling level. The company also closed a C$7.5 million private placement.