Early Warning Report and News Release Regarding Securities of Dixie Gold Inc.

The most recent release dated 2026-04-22 reports an Early Warning filing by Ryan Kalt, the company's former Chief Executive Officer and controlling shareholder. Mr. Kalt divested 1,106,500 common shares at an average price of $0.0301 per share, reducing his direct ownership from approximately 39.41% to 35.92%. This follows a March 20, 2026 announcement where Mr. Kalt resigned as CEO, President, and Corporate Secretary with no successor named. Prior news indicates the company has been expanding its land position (Pickle Crow East Gold Project in Feb 2026, Soo East Copper Project in Dec 2025) using working capital, while acknowledging capital constraints for exploration programs like the Preston Uranium JV drill program initiated in June 2025.

The insider divestment by the controlling shareholder immediately following his resignation as CEO constitutes a Material - Negative event. - Leadership Vacuum: The March resignation left the company without executive leadership. The April sale confirms Mr. Kalt is exiting his financial stake alongside his operational role, signaling a lack of confidence in the immediate future or an inability to secure new capital/leadership under current conditions. - Price Sensitivity: The shares were sold at $0.0301, which aligns with the recent 52-week low ($0.03). Selling into weakness rather than waiting for a rebound suggests urgency on the part of the insider. - Contrast to Previous Behavior: In May 2025, Mr. Kalt purchased shares at approximately $0.044 per share (806,000 shares for $35,340). Selling now at $0.03 represents a realized loss on recent holdings and contradicts the "buy" signal sent less than a year prior. - Capital Constraints: The company previously admitted in June 2025 that funding requirements exceeded working capital capacity. With the CEO exiting and selling shares, the risk of immediate dilution or inability to fund ongoing claim maintenance increases significantly.

Dixie Gold Inc. is an exploration-stage company focused on gold, copper, and uranium assets in Canada. - Pickle Crow East Gold Project (Ontario): Newly assembled (~5,147 ha), royalty-free aside from Crown fees. Adjacent to historic Pickle Crow Mine. Targeting chert-sulphide iron formation. - Soo East Copper Project (Ontario): Expanded to ~6,948 ha in Dec 2025. Royalty-free. Located near Sault Ste. Marie in an emerging copper camp. - Preston Lake Uranium JV: Dixie holds a ~21% interest. A 6,000m+ drill program was funded via project-level dilution in June 2025. - Other Assets: Rottenstone Area (Saskatchewan), Red Lake Project (Ontario - NSR royalty), Phoenix Lithium Project (NWT).