Gemdale Gold Announces Commencement of Infill Diamond Drilling Program at its Flagship Pontio Gold Project, Finland

Executive Summary

• Gemdale Gold Inc. announced the start of an extensive infill drilling campaign at its 100 % owned Pontio Gold Project in western Finland, aimed at defining a maiden mineral resource estimate.
• The programme follows a recent C$2.4 million strategic investment from Eldorado Gold Corp., which fully funds the upcoming work.
• Historical drill results highlight multiple long‑hole, near‑surface gold intercepts (e.g., 148.6 m @ 0.71 g/t Au, 126.1 m @ 0.80 g/t Au) that support the project's scale and continuity.

Key Details

• Funding: C$2.4 M strategic investment from Eldorado Gold Corp. (closed prior to programme start).
• Drilling Objectives:
• Resource definition – infill holes on 50‑100 m spacing within the core of the M2 trend.
• Depth extensions – test down‑dip potential below 150 m vertical depth.
• Trend expansion – follow‑up to successful 2024 step‑out drilling that extended strike southward.
• Target Area: Main “M2” trend, a ~4 km strike length of near‑surface gold mineralization.
• Historical Drill Highlights (selected):
• PONT053: 148.6 m @ 0.71 g/t Au (incl. 16.7 m @ 2.07 g/t).
• PONT057: 126.1 m @ 0.80 g/t Au (incl. 15.8 m @ 3.08 g/t – highest‑grade intercept to date).
• PONT067: 20.34 m @ 1.05 g/t Au (800 m step‑out extending strike to 4 km).
• Technical Documentation: All technical data are drawn from the NI 43‑101 Technical Report dated 30 Sep 2025 and the final prospectus filed 30 Jan 2026 (available on SEDAR+).
• Qualified Persons: Dr. Toby Strauss (President & CEO, Qualified Person) and Dr. Hannu Makkonen (author of the Technical Report, Independent Qualified Person).
• Forward‑Looking Statements: The release contains forward‑looking information regarding drilling schedules, resource estimate timing, financing needs, regulatory approvals, and market conditions.

Notable Quotes

“With our recent public listing and the strategic investment from Eldorado Gold, we are now fully funded to accelerate the development of Pontio. This infill programme is a critical step in our transition from discovery to resource definition.” – Dr. Toby Strauss, President & CEO

Materiality Assessment: Material – Positive (the announcement signals significant funding and a major exploration program that could lead to a maiden resource estimate, materially affecting the company’s valuation).