Stellar Africagold Updates Ongoing Exploration and Drilling Activities at the Tichka Est Gold Project, Morocco

The most recent news release from December 2, 2025, provides an update on Stellar AfricaGold Inc.'s ongoing exploration and diamond drilling activities at its Tichka Est Gold Project in Morocco. Key points: - Seven diamond drill holes have been completed, totaling 1,218 meters out of a planned 1,500-meter program. - Assay results for three completed holes are still at the lab, and core from one hole is pending transport. Two final holes are yet to be drilled to complete the program. - The news re-states previously announced high-grade gold intersections from the first drill hole (TCK1), including 13 meters of 6.12 g/t Au and 16 meters of 1.98 g/t Au (originally reported October 2, 2025). - Preliminary field observations from the drilling are stated to validate the Company's geological targeting model. - Stellar AfricaGold plans to initiate a 3D model update and integrate all new data to prioritize targets for the next exploration campaign. - The CEO, J-Francois Lalonde, expressed satisfaction with the technical progress, confirming the structural model's strength and the potential for expanding mineralized zones. He also noted that the Company is well-positioned to accelerate exploration following its recent private placement.

This news release is an operational update on a drill program that is nearing completion. While it indicates progress, it lacks new, substantive assay results. The highlight of high-grade intersections from TCK1 is a re-statement of previously reported information from October 2, 2025. This means no new value has been confirmed since that date. The validation of the geological model by preliminary field observations is positive but qualitative, pending definitive assay data.

The context of this news is that the Company recently closed a C$4 million private placement on November 6, 2025, which was intended to fund ongoing exploration. This update confirms that those funds are being deployed as planned. However, without fresh assay results from the newly completed holes, the news does not provide a new catalyst for the stock price or a material change to the investment thesis. It is a routine update confirming work is being done, but does not provide new information that would warrant a "Positive" or "Game Changer" rating. The Company's forward-looking statements about the potential to expand mineralization and accelerate future exploration are contingent on the unreleased assay results.

Stellar AfricaGold Inc. (TSX-V: SPX) is a Canadian gold exploration company focused on projects in Africa. Its flagship project is the Tichka Est Gold Project located in the High Atlas Mountain region of Morocco, approximately 90 km south of Marrakech. - Project Area: Comprises 7 permits covering 82 square kilometers. - Earn-in Agreement: Stellar holds an 85% interest in the project under an earn-in agreement with Morocco's National Office for Hydrocarbons and Mining (ONHYM). ONHYM retains a 15% free carried interest and a 3% Net Smelter Return (NSR) royalty. - Royalties: In addition to ONHYM's royalty, Altus Strategies Plc retains a 2.5% NSR royalty on each permit, of which Stellar may repurchase up to 1.0% (for US$500,000 per 0.5%). - Development Status: Early-stage exploration. Extensive mapping, sampling, and trenching have been completed, leading to the identification of three significant gold mineralization zones (Zone A, Zone B, Zone C). Zone B, spanning two kilometers along strike within a 1 sq km area, is the primary focus and most advanced target. - Infrastructure: An 8.5 km mountain access road has been constructed. - Key Results: Previous trenching at Zone B yielded significant results, including 3.5 g/t Au over 155.7 meters (Trench MT1). The first drill hole (TCK-001) in the ongoing 2025 drill program intersected multiple wide high-grade gold zones, including 13 meters of 6.12 g/t Au and 16 meters of 1.98 g/t Au. The geological model suggests a structurally controlled gold system within stacked diorite sills. Stellar also holds the Zuénoula Gold Project in Ivory Coast, which is in early-stage exploration.