Sitka Gold Announces Plan to Spin-Out Its Nevada and Arizona Gold and Silver Assets to Focus on Advancing Its New Multi-Million Ounce Gold Discovery at Its Flagship RC Gold Project in Yukon

The most recent news (March 12, 2026) announces Sitka Gold's plan to spin out its Alpha Gold (Nevada) and Burro Creek (Arizona) assets into a new, separate exploration company. This move is designed to allow management to focus exclusively on the flagship RC Gold Project in the Yukon, which recently saw a massive resource update. Shareholders will receive shares in the new entity via a Plan of Arrangement. The new company will be independently managed and funded for immediate working capital needs.

The impact is Routine - Positive. While a spin-out is a significant corporate event, it is a logical progression following the transformational resource growth at the RC Gold Project. - Strategic Focus: By removing the US assets, Sitka eliminates the "conglomerate discount" and allows the market to value the RC Gold Project as a standalone, multi-million ounce Tier-1 potential asset. - Resource Context: This follows the February 25, 2026, news where Sitka added 2.25 million ounces (inferred) at the Rhosgobel deposit, bringing the total RC Gold Project resource to 1.29M oz Indicated and 3.83M oz Inferred. - Operational Efficiency: Management can now dedicate the $45M treasury and the massive 60,000-meter 2026 drill program entirely to the Yukon without distraction from secondary US exploration targets.

Sitka Gold is focused on the RC Gold Project in the Yukon’s Tombstone Gold Belt. The project is 100% owned, road-accessible, and covers 431 sq km. It hosts three main deposits: Blackjack, Eiger, and the newly defined Rhosgobel. The mineralization is classified as a Reduced Intrusion-Related Gold System (RIRGS), similar to the Eagle Gold Mine and Fort Knox. - Total Resource: 1,291,000 oz Au (Indicated) and 3,829,000 oz Au (Inferred). - Jurisdiction: Yukon, Canada (Top-tier mining jurisdiction).