Legacy Gold Extends Main Zone Width to 1,020ft (310m), Intersecting 0.67 g/t Gold over 50ft (15.2m) and 0.39 g/t over 200ft (61.0m) at Baner, Idaho

Legacy Gold Mines Ltd. (LEGY) has released assay results for two reverse circulation (RC) holes, LG26-021 and LG26-022, from Phase 2 of the 2026 Baner program in Idaho. Both holes were collared at identical coordinates, 5069538N/615174E, but utilized different azimuths and dips: LG26-021 was drilled at 233/-45, while LG26-022 was drilled at 56/-45.

The company states that LG26-021 extends Main Zone mineralization west and uphill, increasing the demonstrated Main Zone width to approximately 310m and the known length to 1,000m. The hole returned 0.39 g/t Au over 61.0m from 24.4m downhole, beginning about 15m vertically below surface. This interval included four 1.5m sections grading 2.41, 0.86, 1.13, and 1.18 g/t Au. Additionally, LG26-021 returned 0.67 g/t Au over 15.2m from 120.4m downhole, which included 2.0 g/t Au over 1.5m.

LG26-022 returned multiple short, modest intercepts: * 0.95 g/t over 3.0m * 0.52 g/t over 3.0m * 0.37 g/t over 10.7m, including 1.2 g/t over 1.5m * 0.32 g/t over 7.6m at the end of the hole

The composite cutoff for the program is 0.2 g/t Au with 10m internal dilution; true widths are stated as unknown. Regarding program status, 11 core holes and 6 RC holes have been completed, with hole 19 in progress, from a planned total of 43 RC holes.

Legacy Gold Mines Ltd. (LEGY) released step-out drill results that have tempered market enthusiasm following a significant price appreciation earlier this year. The stock re-rated from approximately C$0.40 in March 2026 to a range of C$1.15–1.29 in August after the release of holes LG26-005 and LG26-004, reflecting investor pricing in for successful uphill expansion and strong near-surface grades. However, the new release delivers lower-grade continuity, with a broad interval averaging 0.39 g/t, which falls below the conceptual target average of 0.72–0.91 g/t.

The best new gram-metre value recorded is 23.8, a figure materially weaker than the immediate August anchor of approximately 39.3 gram-metres at higher grade, and significantly lower than the 2025 anchor of approximately 103 gram-metres. Furthermore, the high-grade shoot observed in earlier holes did not repeat in this latest drilling. The best individual assay in hole LG26-021 returned only 2.41 g/t over 1.5m, compared to 15.8 g/t over 1.5m in LG26-005 and 10.5 g/t over 0.5m in LG26-004.

There is currently no resource, no reserves, and no economic study in place. Consequently, the result primarily serves to lower confidence in the grade profile that the market has previously valued. From a financial perspective, Legacy Gold Mines Ltd. held cash of C$6.28m as of June 30, 2026, against a net loss of C$4.05m in Q2 2026, indicating that continued promotion and future dilution remain structural overhangs.

Legacy Gold Mines Ltd. (TSXV: LEGY) is a gold explorer listed on the TSX Venture Exchange that holds an option to acquire 100% of the Baner Gold Mine Property in Idaho County, Idaho. The project is located in the historic Orogrande Mining District and is hosted within the Orogrande Shear Zone, primarily consisting of quartzite with biotite gneiss.

The company has not yet published a formal NI 43-101 mineral resource or reserve estimate. Instead, it has released a conceptual exploration target of 50.3-55.3 million tonnes at 0.72-0.91 g/t Au, equating to approximately 1.1-1.6 million ounces. Initial cyanide leach recoveries for the property ranged from 87.1% to 93.2%.

Management includes Chairman and CEO Brian Hinchcliffe and VP Exploration Mike Sutton, both of whom have backgrounds with Kirkland Lake Gold. As of June 30, 2026, the company held C$6.28m in cash, with no debt indicated.