San Lorenzo Cuts 5 Sections of Mineralization Totalling 222.4 Meters in First Hole of Current Drilling Program

The news release dated January 26, 2026, announces assay results from the first hole (SAL-04-25) of a new drilling program at the Cerro Blanco target within the Salvadora project in Chile. The hole intersected five distinct mineralized zones totaling 222.4 meters of mineralization, with grades ranging from 0.92 g/t Au to 1.33 g/t Au. The most significant interval was 132.2 meters at 1.09 g/t Au. The company interprets this as evidence of the "upper levels of a porphyry system" and notes the hole was drilled 350 meters northeast of prior drilling, suggesting a potential northeast continuation of the mineralized body.

The news is positive but routine for an exploration company in an active drill program. The results are consistent with and confirm the broad, moderate-grade porphyry-style mineralization previously announced at Cerro Blanco (e.g., 153.5m of 1.04 g/t Au in March 2025). The extension of mineralization 350m to the northeast is a positive step-out, indicating the system's size potential. However, the grades reported (~1 g/t Au) are not exceptional for a porphyry discovery and lack significant copper values in this release, which are critical for porphyry economics. The market had already re-rated the stock significantly higher throughout 2025 on the back of the initial discovery, so this follow-up result, while good, simply meets the established expectation of a large, mineralized system. It does not represent a new discovery or a material upward revision in project quality.

San Lorenzo Gold Corp. is a junior exploration company focused on gold-copper projects in Chile. Its flagship project is the Salvadora Property, which hosts multiple targets, including: - Cerro Blanco: A gold-copper porphyry target. The 2025 maiden drill program returned significant intercepts (e.g., 153.5m of 1.04 g/t Au), leading to the current follow-up program. The project is located 15km from the El Salvador copper-gold porphyry mine. - Arco de Oro: An epithermal gold vein system with high-grade intercepts (e.g., 4.5m of 6.52 g/t Au). Drilling has defined mineralization over 1.3km of strike. The company also holds the Punta Alta and Nancagua projects in Chile. The stage is early exploration across all assets.