A2GOLD COMMENCES EXPANDED GRAVITY SURVEY TO ADVANCE HIGH-PRIORITY TARGETS AT EASTSIDE
Nevada’s High-Grade Transition: A2Gold Optimizes Exploration Strategy Amidst Record 30,000-Metre Drill Campaign

The news release dated February 5, 2026, announces the commencement of an expanded gravity survey at A2Gold's 100%-owned Eastside Gold-Silver Project in Nevada. This program follows an original survey that revealed a more complex and larger geological system than previously understood. The goal is to fully resolve the geometry of geophysical targets located in rugged terrain to refine drill positioning for the ongoing 30,000-metre reverse circulation (RC) program. Concurrently, the company granted 150,000 stock options (exercise price $1.39) and 60,000 RSUs for administrative compensation.
The impact is Routine - Positive. While the expansion of geophysics is a standard operational procedure, its necessity stems from the "exceeded expectations" of the initial survey, suggesting the mineralized system may have greater scale than the current 1.4Moz gold inferred resource.
- Operational Efficiency: By refining targets via gravity data before moving heavy RC rigs into "rugged terrain," management is minimizing the risk of "blind" drilling and wasted capital.
- Contextual Success: This news follows a string of material positive developments in January 2026, including a 20-metre intercept of 2.9 g/t Au and the successful raising of $5.8M through a warrant incentive program.
- Strategic Alignment: The survey directly supports the massive 30,000-metre drill campaign, which is the largest in the company's history. It demonstrates a systematic, data-driven approach rather than a "spray and pray" exploration style.
A2Gold (formerly Allegiant Gold) is focused on the Eastside Gold-Silver Project in the Walker Lane trend of Nevada. - Flagship Project: Eastside Project, 32 miles west of Tonopah. - Current Resource: 1.4 million ounces of gold (inferred) and 8.8 million ounces of silver (inferred). - Geological Setting: A district-scale system with mineralization open in all directions and at depth. Recent deep core drilling (Hole ES-331) extended mineralization 70 metres deeper than previous records.