Highlights and analysis from the Grade Control (“GC”) drilling test area[1]:

• Grade Control program tested ~1.0M tonnes of the probable mineral reserves from the 2026 Pre-Feasibility Study (the “PFS”)[2], about 25% of Phase 1
• Reserve model validated in test area
• At a 0.8 g/t Au cut-off grade, the Grade Control model returned the similar grade as the reserve model, with approximately 2% more contained metal
• 28% more tonnes at 7% higher grade for material above 3.0 g/t Au
• De-risking of early years’ high-grade feed and cash flow profile
• Improved confidence in early cash flows will facilitate project financing discussions with counter parties
• Potential to bring forward higher-grade production

Mayfair Gold reports positive results from the analysis of the grade control (“GC”) program completed in late 2025 at the Fenn-Gib Project, confirming approximately 1 million tonnes of ore-grade material that was categorized as probable reserves in the PFS, or roughly 25% of the Phase 1 planned design. The program was designed to validate the distribution and continuity of mineralization and refine planning assumptions related to ore shapes, dilution and ore loss.  Previous, interim results were released in the News Release dated February 11, 2026.

Drew Anwyll, P.Eng Mayfair’s CEO said, “The grade control drilling program has reinforced our confidence and further de-risked the Fenn‑Gib deposit. The results confirm that the Mineral Reserve Estimate is an accurate representation of the orebody, demonstrating strong predictability between the model and what we are seeing in the field. Importantly, the program gives us confidence that the high‑grade material scheduled for the early years of the mine plan is present and can be delivered as modeled. Grade control drilling has also identified the potential strengthening of the early production profile by utilizing more tonnes of a higher-grade material.”

The program included 56 diamond drill holes to a nominal depth of 75 metres, designed to simulate the outcomes of a reverse circulation or blast-hole GC program. Gold grades were estimated in a block model and mineable ore shapes were developed to assess the tonnage and grade of material that could be classified for production.

Results from the program confirmed the mineral reserve model and metal content in the area tested while providing valuable information of contacts between high- and low-grade material. For material above a 0.80 g/t gold cut-off grade (“COG”), the GC model returned similar grade and 2% more tonnes than predicted by the probable reserve model. For the higher-grade portion, above a 3.0 g/t Au COG, the GC model identified 28% more tonnes at 7% higher grade, representing 37% more gold than the probable reserve model for the GC drilling test area.

The findings support the accuracy of the mineral reserve block model in the Stage 1 starter pit area tested and validate the higher-grade component of the mineral reserve for mine planning. The results also suggest there may be opportunities to process higher-grade ore earlier in the initial mining sequence.

The drilling campaign was completed on a 10-by-10 metre spacing across an area measuring 60 by 70 metres. All NQ-size holes were planned as nominally vertical holes to a depth of 75 metres. Overburden thickness encountered during the program ranged from 5.7 to 13.0 metres and averaged 8.7 metres. All core was logged and sampled, with one half submitted for gold assay and the other retained for reference.

Assays were completed on one-metre intervals to capture close-spaced variability and support compositing analysis. Gold assay procedures and QA/QC protocols were consistent with previous Mayfair drilling programs and are summarized in the QA/QC section. Three holes, totalling 78 metres, were abandoned because of excessive downhole deviation and were redrilled from the same locations.

A defined test area surrounding the grade control drilling was used to compare new assay data with the existing exploration database. Within that area, average gold grades were identical at a zero COG. The new grade control drilling returned a slightly higher proportion of material below 0.30 g/t Au, while material above a 0.80 g/t Au COG showed a similar tonnage distribution and a modestly higher grade.

Grade control evaluation

The program targeted approximately 1.0 million tonnes of probable mineral reserves from the PFS. To evaluate the conversion of the mineral reserve model into a production model, all GC assays were composited to 1.5 metres and estimated on five-cubic-metre blocks using an inverse distance squared methodology. Mineable ore shapes were then designed to reflect practical open-pit mining conditions. This methodology therefore addresses the conversion of a reserve to a production model by addressing the minability of economic material.

These results indicate that, in areas of similar ore characteristics, the current mineral reserve model should provide sufficient definition for mine planning without requiring significant additional dilution, ore loss assumptions or conversion factors. The Company believes the program also highlights the potential to bring forward some gold production by identifying zones of higher-grade material that may be processed earlier in the mine sequence. 

Overall, the program demonstrated that tighter-spaced grade control drilling can enhance confidence in ore boundary definition while confirming the reliability of the existing mineral reserve model in the area tested. Mayfair is evaluating the potential for a second GC test area to assess whether similar results can be replicated in other ore types across the project.

Furthermore, the program highlighted areas of higher-grade material and may potentially allow for processing while deferring lower grade tonnes, thus bringing forward some gold production.

These results further indicate that, for areas with similar ore behavior as the area tested, the reservemodel is an excellent indicator of what the project can expect from production.

QA/QC

Mayfair Gold maintains a Quality Assurance/Quality Control (QA/QC) program aligned with NI 43‑101 requirements and industry best practices. NQ‑size surface drilling was carried out by Black Diamond Drilling of Matheson, Ontario, under the supervision of Mayfair Gold’s exploration team. The drill program includes detailed geological logging and systematic sampling of drill core at Mayfair’s secure facility in Matheson, Ontario.

Drill core selected for analysis was cut longitudinally using a diamond‑blade saw. One half of the core was retained in the core box for reference, and the other half was bagged, sealed, and prepared for shipment. Analytical work was completed by Swastika Laboratories Ltd. in Swastika, Ontario. Swastika Laboratories is independent of Mayfair Gold and accredited by the Canadian Association for Laboratory Accreditation Inc. (CALA) and meets the ISO/IEC 17025 standards for gold analysis by fire assay with gravimetric finish and fire assay with flame atomic absorption spectroscopy (FAAS) finish.

Samples were delivered directly to Swastika Laboratories by Mayfair personnel. Samples are crushed to minimum 80% passing 1,700 μm. Samples are then split to obtain a 300–500 g sample using a rotary divider. 300–500 g samples are pulverized to minimum 85% passing 74 μm. Gold assays were completed using a 30‑gram fire assay with FAAS finish. Samples returning gold grades greater than 10 g/t were re‑assayed using a 30‑gram fire assay with gravimetric finish. As part of Mayfair’s QA/QC protocol, one certified reference material (CRM), one coarse blank, and one coarse duplicate sample were inserted into the sequence of every 25 samples. Routine third‑party check assays are also performed.

All holes in the program were drilled fully vertical (-90° dip) and true thickness is not estimated.

About Mayfair Gold

Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. Fenn-Gib hosts a 4.3 million ounce indicated mineral resource of gold (181.3Mt at an average grade of 0.74 g/t) and the expected strategy outlined in the 2026 Pre-Feasibility Study (the “PFS”) is to develop  the project under the provincial permitting process, targeting the higher-grade 1 million ounce probable mineral reserve (25.1Mt at an average grade of 1.29g/t) sitting near-surface, highlighting the optionality and scalability provided by the deposit.  The PFS also outlines the potential to develop Fenn-Gib into a new Canadian gold producer, with initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash flow[3] of US$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering, and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030. The Company also remains focused on exploration around the broader land package with the goal of enhancing mineral resource scale and growth opportunities.

The content of this news release has been reviewed on behalf of the Company and approved by Drew Anwyll, P.Eng., Chief Executive Officer of Mayfair, a QP as defined in NI 43-101.

Cautionary Note Regarding Forward-Looking Information

This news release contains certain forward-looking information within the meaning of applicable Canadian securities legislation and forward-looking statements within the meaning of applicable United States securities legislation (collectively, “forward-looking information”). The use of the words “will” and “expected” and similar expressions is intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, the expected strategy to develop the project under the provincial permitting process, de-risking of early years’ high-grade feed and cash flow profile, the potential to bring forward higher-grade production, targeting the higher-grade mineral reserve, building and operating the Fenn-Gib Project and all disclosure related to the PFS, including commencement of construction and production. Although Mayfair Gold believes that the expectations reflected in such forward-looking information is reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based the forward-looking information on the Company’s current expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties, and other factors identified in the annual information form and Form 40-F of the Company for the year ended December 31, 2025, available under the Company’s profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, respectively. Furthermore, the forward-looking information contained in this news release is as at the date of this news release, and Mayfair does not undertake any obligation to publicly update or revise any of this forward-looking information except as may be required by applicable securities laws. 

Neither the TSX Venture Exchange (“TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

For further information, please visit www.mayfairgold.ca or direct enquiries to:

Drew Anwyll, P.Eng.
CEO, Mayfair Gold Corp.
489 McDougall St

Matheson, ON P0K 1N0 Canada
+1 (855) 350-5600
info@mayfairgold.ca

In Europe
Swiss Resource Capital AG
Marc Ollinger
info@resource-capital.ch
www.resource-capital.ch

[1] Please note: The results, analysis and conclusions from the Grade Control program are specific to the area tested. Readers should not infer that these results are representative of, or applicable to, the remainder of the Mineral Reserve or Mineral Resource Estimate.

[2] Please refer to the technical report entitled “Fenn-Gib Gold Project NI 43-101 Technical Report and pre-Feasibility Study” dated effective December 19, 2025 available on SEDAR+ at www.sedarplus.ca for further details.

[3] free cash flow does not have a standardized meaning and may not be comparable to similar measures presented by other issuers, referred to as non-GAAP financial measures. As the Company is not in production, the company does not have historical non-GAAP financial measures nor historical comparable measures under IFRS, and therefore the foregoing prospective non-GAAP financial measures may not be reconciled to the nearest comparable measures under IFRS.​

Silver prices have fallen significantly in recent weeks. However, this should not cause investors to lose confidence.

Advertisement – This article is distributed on behalf of Vizsla Silver Corp. and Endeavour Silver Corp., with which SRC swiss resource capital AG has paid IR consulting agreements. Producer: SRC swiss resource capital AG · Author: Ingrid Heinritzi · First published: June 17, 2026, 10:30 p.m. Zurich/Berlin

The drop in the price of silver has not led to a sell-off but has instead driven demand for coins and bars. After all, many view price pullbacks as buying opportunities. This highlights the long-term perspective. Those who waited for attractive prices have been rewarded. So there’s no reason to panic — instead, take advantage of the lower prices. Geopolitical tensions, wars, and uncertainties have historically made gold and silver shine as safe havens. There are currently no major interest rate hikes, and the U.S. dollar isn’t particularly strong.

Nevertheless, silver prices have fallen. Silver has always been considered a highly volatile precious metal. In any case, it is no longer so easy to predict short-term price changes. Today, other factors have a stronger influence, such as the actions of central banks, investor sentiment, and — especially in the case of silver — industrial demand. The long-term outlook is what matters, and this should also be the benchmark for investors. That is what distinguishes investors from speculators.

There will continue to be sharp fluctuations in the price of silver in the future. Investors should not let themselves be guided too much by emotions. Technical analysts, by the way, see an important threshold at $70.82 per troy ounce of silver. It’s not far off, and if the precious metal manages to break above this level, a recovery could begin. The medium-term downtrend is around $80.00 per troy ounce. And given the positive long-term outlook for the price of silver, investors should also keep an eye on companies with silver holdings.

Vizsla Silver – https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ – owns the Panuco gold-silver project in Mexico, which is set to begin production. It is a very large, undeveloped, high-grade primary silver resource. Production is scheduled to begin in the second half of 2027. Annual production is expected to reach 17.4 million ounces of silver equivalent over an initial mine life of 9.4 years. The feasibility study yielded very positive results. The company is moving forward with mine development while continuing exploration throughout the entire project area.

Endeavour Silver – https://www.commodity-tv.com/ondemand/companies/profil/endeavour-silver-corp/ – owns three producing mines. The company’s projects are located in Mexico and Peru. In addition, there are planned exploration projects in Mexico, Chile, and the U.S. In the first quarter of 2026, the company produced 1,875,375 ounces of silver and 11,740 ounces of gold—a 78 percent increase over the same period in 2025—and set new records for revenue and production. Revenue for the first quarter of 2026 was 230 percent higher than in the comparable period of 2025.

Current company information and press releases from Vizsla Silver (- https://www.resource-capital.ch/de/unternehmen/vizsla-silver-corp/ -) and Endeavour Silver (- https://www.resource-capital.ch/de/unternehmen/endeavour-silver-corp/ -).

You can also find further information in our new Precious Metals Report at the following link: https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2026-03/.

Sources: Vizsla Silver, Endeavour Silver,

https://derivate.bnpparibas.com/daily-edelmetall?utm_source=finanzen.net&utm_medium=content&utm_content=daily_edelmetall&utm_campaign=news-finanzen.net-Emittenten_Chartanalyse;

https://substack.com/home/post/p-201571619;

https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2026-03/.

Pursuant to Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of the Market Abuse Regulation (MAR) (Regulation (EU) 2016/958), we hereby note that authors, employees, and affiliated companies of Swiss Resource Capital AG (SRC) may hold positions (long/short) in the issuers discussed. Compensation/Relationship: IR contracts/advertorials: Author’s own positions: none; SRC net position: less than 0.5%; Issuer’s stake in SRC ≥ 5%: no. Update Policy: No obligation to update. No guarantee regarding the German translation. Only the English version of this news release is authoritative.

Disclaimer: The information provided does not constitute a recommendation or advice of any kind. Please be expressly aware of the risks involved in securities trading. No liability can be accepted for damages arising from the use of this blog. We would like to point out that investments in stocks and, in particular, warrants are fundamentally associated with risk. The total loss of the capital invested cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given as to the accuracy of any content. Despite exercising the utmost care, I expressly reserve the right to make errors, particularly with regard to figures and prices. The information contained herein is derived from sources deemed reliable but does not in any way claim to be accurate or complete. Based on court rulings, I am jointly liable for the content of linked external websites (see, among others, the Hamburg Regional Court, in its ruling of May 12, 1998 – 312 O 85/98) unless I expressly distance myself from such content. Despite careful review of the content, I assume no liability for the content of linked external websites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies and is available at: https://www.resource-capital.ch/de/disclaimer-agb/.

In the first quarter of 2026, uranium production fell by seven percent to approximately 42 million pounds due to seasonal factors. This is 15 percent higher than in the first quarter of 2025. This refers to primary uranium production, which accounts for approximately 90 percent of global supply. Production volumes are growing and are expected to continue doing so in the coming years. This growth is driven by expansions and greenfield projects, fueled by the strong fundamentals of the uranium market. However, greenfield projects always carry risks regarding timelines and implementation.

Supply shortages occurred due to disruptions at the McArthur River/Key Lake mill site in Saskatchewan. While these disruptions at one of the largest and highest-grade uranium mines are temporary in nature, they are creating a tight market situation. A key bridge on the main supply route collapsed following flooding. An alternative route is only partially accessible, forcing Cameco to halt mill operations. If Cameco’s production proves insufficient, the company may need to purchase additional supplies to fulfill supply contracts . In the undersupplied uranium market, this could drive up the spot price for uranium.

Thus, supply chains in the uranium sector are also vulnerable. The supply base is highly concentrated, and logistics chains are often complex and lengthy. Energy security has become a major issue as energy demand rises, for example due to data centers and artificial intelligence, including in the U.S. U.S. nuclear power plants generate around 20 percent of the country’s electricity. To ensure energy security by 2050, an estimated additional 100 to 300 GW of nuclear power capacity would be necessary. Currently, the U.S. produces around 97 GW. Huge investments are needed.

Uranium Energy – https://www.commodity-tv.com/ondemand/companies/profil/uranium-energy-corp/ – owns diversified uranium reserves as well as ISR uranium projects in the U.S., with additional projects in Canada. Uranium mining, processing, refining, and conversion are part of the business. The company is debt-free and has substantial liquidity. With the start of production at the Burke Hollow property, the company now operates two of its three ISR production platforms in the U.S. Expansion of additional capacity continues at the Christensen Ranch uranium project. Uranium Energy also holds strategic uranium inventories and owns a titanium and vanadium project in Paraguay.

Uranium Royalty – https://www.commodity-tv.com/ondemand/companies/profil/uranium-royalty-corp/ – is unique for investors seeking diversification, as it is the only royalty company in the uranium industry. Uranium Royalty focuses on strategic investments in uranium interests – including royalties, streaming rights, debt and equity in uranium companies, and physical uranium transactions. The company will acquire Sweetwater Royalties under the umbrella of a newly established parent company, also named Uranium Royalty. This will significantly expand and diversify Uranium Royalty’s portfolio.

Current company information and press releases from Uranium Energy (-   https://www.resource-capital.ch/de/unternehmen/uranium-energy-corp/ -) and Uranium Royalty (- https://www.resource-capital.ch/de/unternehmen/uranium-royalty-corp/ -).

Further information is also available in our new Uranium Metal Report at the following link: https://www.resource-capital.ch/de/reports/ansicht/uran-report-2026-03/.

Sources: Uranium Energy, Uranium Royalty,

https://de.search.yahoo.com/search?fr=mcafee&type=E210DE91082G0&p=McArthur+River;

https://www.boerse-express.com/news/articles/kirkstone-metals-aktie-brueckeneinsturz-oeffnet-chancen-im-wmtz-korridor-903688;

https://www.mckinsey.com/industries/electric-power-and-natural-gas/our-insights/understanding-domestic-nuclear-fuel-production-options-in-the-united-states;

https://www.resource-capital.ch/de/reports/ansicht/uran-report-2026-03/.

Pursuant to Section 85 of the German Securities Trading Act (WpHG) in conjunction with Article 20 of the Market Abuse Regulation (MAR) (EU) 2016/958, we hereby note that authors, employees, and affiliated companies of Swiss Resource Capital AG (SRC) may hold positions (long/short) in the issuers discussed. Compensation/Relationship: IR contracts/advertorials: Author’s own positions: none; SRC net position: less than 0.5%; Issuer’s stake ≥ 5% in SRC: no. Update Policy: no obligation to update. No guarantee regarding the German translation. Only the English version of this news release is authoritative.

Disclaimer: The information provided does not constitute a recommendation or advice of any kind. Please be aware of the risks associated with securities trading. No liability can be accepted for any damages arising from the use of this blog. We would like to point out that investments in stocks, and particularly in warrants, are inherently risky. The total loss of the capital invested cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given as to the accuracy of any content. Despite exercising the utmost care, I expressly reserve the right to make errors, particularly with regard to figures and prices. The information contained herein is derived from sources deemed reliable but in no way claims to be accurate or complete. Based on court rulings, I am jointly liable for the content of linked external sites (e.g., Hamburg Regional Court, in its ruling of May 12, 1998 – 312 O 85/98) unless I expressly distance myself from them. Despite careful monitoring of the content, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG, available at: https://www.resource-capital.ch/de/disclaimer-agb/, applies additionally.

Highlights from New Powerline Southwest Zone:

AX-26-853 – 13.00 g/t Au over 9.2m within 5.58 g/t Au over 21.7m, including high-grade interval of 62.66 g/t Au over 1.8m and;

1.64 g/t Au over 11.5m within 0.70 g/t Au over 32.2m

• AX-26-826 – 0.99 g/t Au over 9.4m within 0.65 g/t Au over 20.0m; including very high-grade interval of 17.30 g/t Au over 0.4m

• AX-26-829 – 51 g/t Au over 11.7m and 2.75 g/t Au over 9.3m within 0.90 g/t Au over 38.7m; including very high-grade interval of 39.80 g/t Au over 0.5m

• AX-26-830 – 0.70 g/t Au over 28.5m within 0.67 g/t Au over 56.8mm

• AX-26-835 – 1.29 g/t Au over 8.0m

• AX-26-842 – 0.96 g/t Au over 7.6m within 0.37 g/t Au over 33.9m

“The successful step-outs from 2025 in the southwest portion of Powerline, have defined a new potential high-grade zone (Figures 1 and 2), highlighted with drill results of 13.00 g/t Au over 9.2m, within 5.58 g/t Au over 21.7m in hole AX-26-853, including 62.66 g/t over 1.8m (see Figure 3, Table 1)," stated Tara Christie, President and CEO. “This very high-grade skarn-hosted mineralization (Figure 7) demonstrates the potential to discover and develop new mineralized zones at Powerline and AurMac in addition to high-grade domains associated with sheeted quartz veins (Figures 8 and 9). We are consistently intersecting visible gold as we are targeting high grade mineralized domains.”

Analytical Method and Quality Assurance/Quality Control Measures

The reported work was completed using industry standard procedures, including a quality assurance/quality control (“QA/QC”) program consisting of the insertion of certified reference materials, field duplicates and coarse blanks into the sample stream and utilizing certified independent analytical laboratories for all assays. Additionally, historic QA/QC data and methodology on the AurMac Project were reviewed and will be summarized in the Technical Report‎. The qualified persons detected no significant QA/QC issues during review of the data.

A robust system of standards, core duplicates and coarse blanks, was implemented in all Banyan drilling programs and was monitored as chemical assay data became available. All control samples were within accuracy and precision thresholds required to meet data quality standards. These control samples amounted to approximately 10% of all samples submitted to analytical laboratories.

All geological data in the MRE was verified by Ginto Consulting Inc. (“Ginto”) as being accurate to the extent possible, and to the extent possible all geological information was reviewed and confirmed. Ginto made site visits to the AurMac Project on September 15th, 2018, November 27th, 2019, August 30th to 31st, 2021, November 5th, 2022, and June 10, 2025, and observed Banyan’s drilling and sampling techniques, as well as viewed AurMac drill core. Ginto confirms that the assay sampling and QA/QC sampling of core by Banyan provides adequate and good verification of the data and believes the work to have been done within the guidelines of NI 43-101.

All diamond drill core was systematically logged and photographed by Banyan geology personnel.  All core samples (HTW and NTW diameter) were split on-site at Banyan’s core processing facilities. Once split, half samples were placed back in the core boxes with the other half of split samples sealed in poly bags with one part of a three-part sample tag inserted within. Samples were delivered by Banyan personnel or a dedicated expediter to the Bureau Veritas, Whitehorse preparatory laboratory where samples are prepared and then shipped to Bureau Veritas’s Analytical laboratory in Vancouver, B.C. for pulverization and final chemical analysis.  

Core splits reported in this news release were analysed by Bureau Veritas of Vancouver, B.C., utilizing the four-acid digestion ICP-ES 35-element MA-300 or ICP-ES/MS 59-element MA-250 analytical package with FA-450 50-gram Fire Assay with AAS finish for gold on all samples.  Samples returning >10 g/t Au were reanalysed by fire assay with gravimetric finish on a 50g sample (FA-550). High-grade samples with documented visible gold are also analysed using metallic screen fire assay (FS-652). Samples returning >200 g/t Ag (MA250 or MA300) were analysed by multi-acid digestion ICP-ES MA370. If samples returned > 1,500 g/t Ag, they were analysed by fire assay with gravimetric finish on a 50g sample (FA550).  If samples returned > 10,000 g/t Ag, they were analysed by fire assay 2g sample (FA501). Bureau Veritas is an accredited lab following ISO/IEC 17025:2017 SCC File Number 15895. A robust system of standards, ¼ core duplicates and blanks has been implemented in the 2025 exploration drilling program and is monitored as chemical assay data becomes available.

Qualified Persons

Duncan Mackay, M.Sc., P.Geo., is a “Qualified Person” as ‎defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects (“NI 43-101”), and has reviewed and approved the content of this news release in respect of all disclosure other than the MRE.‎ Mr. Mackay is Vice President Exploration for Banyan and has verified the data disclosed in this news release, including the sampling, ‎‎analytical and test data underlying the information.

Upcoming Events

• Jul 6 – 10, 2026 The Rule Symposium Boca Raton, FL

• Jul 12 – 15, 2026, Invest Yukon Property Tours, YT

About Banyan

Banyan’s primary asset, the AurMac Project is located in the Traditional Territory of the First Nation of Na-Cho Nyäk Dun, in Canada’s Yukon Territory.  The AurMac deposit comprises two main deposits, the Airstrip and Powerline Deposits. Mineralization is characteristic of a Reduced Intrusion Related Gold system, hosted in auriferous cross-cutting sheeted quartz veins and replacement style mineralization hosted in skarn horizons. The current Mineral Resource Estimate (“MRE”) for the AurMac Project has an effective date of May 15, 2026 and comprises an Indicated Mineral Resource of 3.639 million ounces of gold (“Au“) (167.3 M tonnes at 0.68 g/t) and an Inferred Mineral Resource of 4.985 Moz of Au (267.2 M tonnes at 0.58 g/t) (See MRE Table below; as defined in the 2014 CIM Definition Standards for Mineral Resources and Mineral Reserves incorporated by reference into NI 43‑101). The 303 square kilometres (“sq km”) AurMac Project lies 40 kilometres from Mayo, Yukon. The AurMac Project is transected by the main Yukon highway and benefits from a 3-phase powerline, existing power station and cell phone coverage.

In addition to the AurMac Project, the Company holds the Hyland Gold Project, located 70 km Northeast of Watson Lake, Yukon, along the Southeast end of the Tintina Gold Belt (the “Hyland Project”) in the Traditional Territory of the Kaska Nations, closest to the Liard First Nation and Daylu Dena Council.The Hyland Project represents a sediment hosted, structurally controlled, intrusion-related gold deposit, within a large land package (over 125 sq km), accessible by a network of existing gravel access roads. The updated MRE comprises an Indicated Mineral Resource of 337 thousand (“K”) ‎ounces (“oz”) of gold (“Au”) and 2.63 million (“M”) oz of silver (“Ag”) (11.3 M tonnes at 0.93 g/t Au and 7.27 g/t Ag), and an Inferred Mineral Resource of 118 Koz of Au and 0.86 Moz Ag (3.9 M tonnes at 0.95 g/t Au and 6.94 g/t Ag) (as defined in the 2014 CIM Definition ‎Standards for Mineral Resources & Mineral Reserves incorporated by reference into NI 43‑101) effective September 1, 2025 and with technical report filed on Sedar on October 27, 2025.

Banyan also holds the Nitra Gold Project, a grassroots exploration project located in the Mayo Mining district, approximately 10 km west of the AurMac Gold Project. The Nitra Property lies in the northern part of the Selwyn basin and is underlain by metaclastic rocks of the Late Proterozoic Yusezyu Formation of the Hyland Group, similar to lithologies hosting portions of the AurMac Project. Middle Cretaceous Tombstone Plutonic suite intrusions occur along the property including the Morrison Creek and Minto Creek stocks. The property is 100% owned and operated by Banyan Gold Corp. ("Banyan") and covers approximately 313.9 sq km. The property is accessible by road along the Silver Trail Highway, South McQuesten Road and 4×4 roads.

Banyan trades on the TSX-Venture Exchange under the symbol “BYN” and is quoted on the OTCQB Venture Market under the symbol “BYAGF”. For more information, please visit the corporate website at www.banyangold.com or contact the Company.

CAUTIONARY STATEMENT: Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) nor OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

FORWARD LOOKING INFORMATION: This release contains forward-looking information, which is not comprised of historical facts and is based upon the Company’s current internal expectations, estimates, projections, assumptions and beliefs. Such information can generally be identified by the use of forward-looking wording such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intend(s)”, “believe”, “potential” and “continue” or the negative thereof or similar variations. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the potential for resource expansion; mineral recoveries and anticipated mining costs.ould cause actual results to differ materially from such forward-looking information include uncertainties inherent in resource estimates, continuity and extent of mineralization, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, and the other risks involved in the mineral exploration and development industry, enhanced risks inherent to conducting business in any jurisdiction, and those risks set out in Banyan’s public documents filed on SEDAR+. Although Banyan believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Banyan disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Highlights

• Infill and step-out drilling in the Outpost (Figure 2) area has expanded and further defined the zone of known uranium mineralization. Nineteen conventional mud rotary holes have been completed for a total of 17,100 ft of drilling in 2026 (Figure 1).
• Seven of the 19 drill holes intersected uranium mineralization at grades of 0.02% eU₃O₈ or higher (see Table 1 for significant intercepts).
• Drilling results to date provide valuable lithologic information to support geologic interpretation and guide future exploration plans. Drilling has identified two target sand units within the lower Wasatch Formation, both of which are host to uranium mineralization. The lower Wasatch Formation is also the principal host of uranium mineralization in the Pumpkin Buttes district, just east of the Kaycee Project area.
• In conjunction with the drilling program, the Company engaged a professional surveying contractor to complete a Project-wide drillhole collar and elevation survey. This survey work is complete, and the results will be used to support future mineral resource estimation initiatives and ongoing technical evaluation of the Project.

Colin Healey, CEO of PUR commented, "These initial results continue to highlight the exploration potential of the Kaycee Project and reinforce our view that the district hosts multiple areas capable of generating meaningful uranium resources. The expansion of mineralization at Outpost, together with the geological insights gained from drilling, is improving our understanding of the controls on mineralization and helping refine targeting across the broader district.

We began the 2026 program at Outpost due to seasonal accessibility and the compelling results generated from its discovery during the 2025 campaign. As a newly identified uranium-bearing system that remains in the early stages of exploration, Outpost has delivered encouraging results that support further follow-up work. With only a small portion of our planned 100,000-foot drill program completed, we are pleased with the progress to date and look forward to advancing drilling at Outpost while continuing to test the significant potential of the Rustler and Stampede target areas throughout the season."

Table 1. 2026 Kaycee Significant Intercepts

Notes: Drill holes reported here encountered uranium mineralization at or above a cut-off grade of 0.02% eU₃O₈. All grades were calculated from gamma-ray logs measured by Hawkins CBM Logging of Casper, Wyoming, which is independent of the Company. The geophysical results are based on equivalent uranium (eU₃O₈) of the gamma-ray probes which are calibrated at the Department of Energy’s test facility in Casper, Wyoming. Uranium grades cited are calculated from gamma-ray logs, and the cited grades are “equivalent” (“e”) grades of U₃O₈ %. eU₃O₈ is a measure of gamma intensity from a decay product of uranium and is not a direct measurement of uranium. No corrections were made for radiometric disequilibrium. Numerous comparisons of eU₃O₈ and chemical assays of PRB core samples indicate that eU₃O₈ is a reasonable indicator of the actual uranium assay. All drill holes are vertical in orientation and the geologic units hosting the uranium mineralization are generally very flat lying, therefore reported thicknesses represent true thicknesses.

Kaycee Project

The Kaycee Project in Wyoming’s Powder River Basin consists of over 42 square miles of mineral rights over a 36-mile mineralized trend hosting more than 110 miles of identified roll fronts (Figure 3). The Project is believed to be the only project in the PRB where all three known historically productive sandstone formations (Wasatch, Fort Union, and Lance) are mineralized and potentially accessible for ISR extraction. The Project represents the largest grass-roots ISR exploration in the United States, with upwards of 400,000 ft of drilling completed since 2023.

PUR anchors one of the strongest exploration portfolios in Wyoming, combining its Cyclone Project in the Great Divide Basin with Kaycee to drive one of the largest ongoing drilling programs in the state and significantly expand its presence in both of the state’s major ISR-amenable uranium districts.

Qualified Person Statement

The scientific and technical information contained in this news release was reviewed and approved by J.J. Brown, P.G., SME-RM, PUR’s Vice President, Exploration, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Ms. Brown has verified the data disclosed in this news release, including sampling, analytical, and test data underlying the information contained herein.

The drilling results cited in this news release were derived from conventional mud rotary drill holes and continuously recorded geophysical responses (gamma-ray, spontaneous-potential, and single point resistivity) from a borehole geophysical probe. The mineralized zones are flat lying and the individual drill holes are vertical in orientation, and the thicknesses cited in this release are considered to be true thicknesses. Grades of mineralization reported were calculated from the gamma-ray logs following a procedure that was first developed in the early 1960s and is standard practice in the uranium industry. The borehole geophysical logging was carried out by Hawkins CBM Logging of Casper, Wyoming, a highly experienced and skilled geophysical contractor with a well-established history of providing reliable and accurate data.

Other information regarding the Company’s Kaycee Project, including with respect to the Quality Assurance and Quality Control measures applied during the work program can be referenced from the “Technical Report for NI 43-101 Kaycee Uranium Project, Johnson County, Wyoming USA”, dated September 21, 2025, which is available under the Company’s profile on SEDAR +, at www.sedarplus.ca.

About Premier American Uranium Inc.

Premier American Uranium is focused on consolidating, exploring, and developing uranium projects across the United States to strengthen domestic energy security and advance the transition to clean energy. The Company’s extensive land position spans five of the nation’s top uranium districts, with active work programs underway in New Mexico’s Grants Mineral Belt and Wyoming’s Great Divide and Powder River Basins.

Backed by strategic partners including Sachem Cove Partners, IsoEnergy Ltd., Mega Uranium Ltd., and other leading institutional investors, PUR is advancing a portfolio supported by defined resources and high-priority exploration and development targets. Led by a distinguished team with deep expertise in uranium exploration, development, permitting, operations, and uranium-focused M&A, the Company is well positioned as a key player in advancing the U.S. uranium sector.

For More Information, Please Contact:

Premier American Uranium Inc.

Colin Healey, CEO

info@premierur.com

Toll-Free: 1-833-223-4673

Twitter: @PremierAUranium

www.premierur.com

In Europe

Swiss Resource Capital AG

Marc Ollinger

info@resource-capital.ch

www.resource-capital.ch

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements with respect to, additional exploration activities planned for 2026, the anticipated results thereof and the anticipating timing for reporting of such results; future prospects for exploration; the potential for mineral resource identification at the Project; expectations regarding the transition to clean energy in the US; and other activities, events or developments that are expected, anticipated or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

Forward-looking information and statements are based on our current expectations, beliefs, assumptions, estimates and forecasts about PUR’s business and the industry and markets in which it operates. Such forward-information and statements are based on numerous assumptions, including among others, that the results of planned exploration activities are as anticipated, the price of uranium, the anticipated cost of planned exploration activities, the completion, timing and results of planned exploration activities being consistent with expectations, the anticipated mineralization being consistent with expectations, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Company’s planned exploration activities will be available on reasonable terms and in a timely manner. Although the assumptions made by PUR in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of Premier American Uranium to differ materially from any projections of results, performances and achievements of Premier American Uranium expressed or implied by such forward-looking information or statements, including, among others: limited operating history, negative operating cash flow and dependence on third party financing, uncertainty of additional financing, delays or failure to obtain required permits and regulatory approvals, changes in mineral resources, no known mineral reserves, aboriginal title and consultation issues, reliance on key management and other personnel; potential downturns in economic conditions; availability of third party contractors; availability of equipment and supplies; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; changes in laws and regulation, competition, and uninsurable risks and the risk factors with respect to Premier American Uranium set out in the documents of PUR filed with the Canadian securities regulators and available under PUR’s profile on SEDAR+ at www.sedarplus.ca.

Although PUR has attempted to identify important factors that could cause actual actions, events or results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. PUR undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

In the Iran conflict, there have recently been clear signs of easing tensions and renewed hopes for an agreement. For investors, however, the key point remains the same: gold is not an investment for short-term profit-taking opportunities, but should primarily be viewed in the context of a medium- to long-term investment horizon. And in this respect, the underlying conditions remain fundamentally constructive. Increasing global geopolitical fragmentation, concerns about high sovereign debt levels and the potential devaluation of currencies continue to support the attractiveness of gold investments.

Added to this is the continuing trend among central banks to diversify their reserves with gold. The current situation in the gold price – it recently fell below its 200-day moving average for the first time since 2023 – should therefore not be overestimated. Among the factors responsible were a stronger-than-expected U.S. labor market and a significant rise in U.S. consumer prices in May. Both increased expectations that the U.S. Federal Reserve could remain restrictive for longer or, if necessary, raise interest rates. Higher interest rates are generally not supportive of a rising gold price in the short term.

The ECB had raised key interest rates. On average, inflation in the euro area is expected to be around three percent in 2026. A decline is not expected until next year. However, no rate hike is generally expected at the upcoming first meeting under the new Fed Chair Kevin Warsh. Whether this will also apply for the rest of the year remains uncertain. At the time of writing, it remained open whether the reported rapprochement in the conflict over the Strait of Hormuz would result in a viable and permanently implemented agreement. Temporary signs of easing may weigh on the gold price in the short term, but they do little to change the medium- to long-term environment.

Mayfair Gold – https://www.youtube.com/watch?v=-xQP_MOZG4w – controls 100 percent of the Fenn-Gib Gold Project in northern Ontario, in the highly productive Timmins District. A positive Preliminary Feasibility Study is already available. According to the company, the gold project hosts an Indicated Mineral Resource of 181.3 million tonnes of rock grading 0.74 grams of gold per tonne, or approximately 4.3 million ounces of gold. The strategy is deliberately staged: Mayfair Gold does not intend to develop the entire project immediately, but is initially focusing on the higher-grade, near-surface portion. The initial mine plan, or first Mineral Reserve, comprises approximately 1.04 million ounces of gold, representing about 24 percent of the Indicated Mineral Resource. This approach is intended to accelerate the potential permitting pathway in Ontario, move the project toward a construction decision with a reduced risk profile and prepare for later growth from the remaining resource. The company is targeting permits by 2028 and the start of production around 2030. Mayfair has several key upcoming catalysts this year including permitting milestones, advancing project financing and initiating an exploration program.

Newcore Gold Ltd. (TSXV: NCAU, OTCQX: NCAUF) is advancing the Enchi Gold Project in southwestern Ghana. The Project’s 248 km² land package covers 40 kilometres of Ghana’s Bibiani Shear Zone, a prolific gold belt that hosts several large multi-million-ounce gold mines.

A Preliminary Economic Assessment (PEA) completed in 2024 highlighted the robust economics of developing a conventional open-pit gold mine at Enchi, characterized by low capital intensity and strong leverage to the gold price.

The Company is currently executing an 80,000 metre drill program focused on resource conversion, resource growth and exploration as Newcore completes the technical work required to advance the Project toward completion of the Pre-Feasibility Study expected at the end of June 2026.

Enchi’s longer-term potential is supported by district-scale exploration opportunities across its large land package that remain largely underexplored and provide significant potential for resource growth both along strike and at depth.

Newcore’s management and board are aligned with shareholders through approximately 12% ownership of the Company, while institutional investors provide strong support with ownership of approximately 55%.

Current company information and press releases from Newcore Gold (- https://www.resource-capital.ch/de/unternehmen/newcore-gold-ltd/ -) and Mayfair Gold (- https://www.resource-capital.ch/de/unternehmen/mayfair-gold-corp/ -).

Further information is also available in our new Precious Metals Report at the following link: https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2025-04/.

Sources: Newcore Gold, Mayfair Gold, World Gold Council, European Central Bank, Reuters,

https://www.gold.org/goldhub/gold-focus/2026/06/weekly-markets-monitor-red-friday?utm_medium=email&utm_source=newsletter&utm_campaign=GOLDHUB%3A+Your+Weekly+Gold+Market+Round-up%2C+June+12%2C+2026 ;

https://www.resource-capital.ch/de/reports/ansicht/edelmetall-report-2025-04/ ;

In accordance with Section 85 WpHG in conjunction with Art. 20 MAR/Regulation (EU) 2016/958, we point out that authors/employees/affiliated companies of Swiss Resource Capital AG (SRC) may hold positions (long/short) in the issuers discussed. Compensation/relationship: IR agreements/advertorial. Own positions (author): none; SRC net position: below 0.5%; issuer’s participation of >= 5% in SRC: no. Update policy: no obligation to update. No guarantee is provided for the German translation. Only the English-language version of these news releases shall be authoritative.

Disclaimer: The information provided does not constitute any recommendation or advice. The risks involved in securities trading are expressly pointed out. No liability can be accepted for any damages arising from the use of this blog. We point out that shares and, in particular, warrant investments are generally associated with risk. A total loss of the capital invested cannot be ruled out. All information and sources are researched carefully. However, no guarantee is assumed for the accuracy of any content. Despite the greatest care, errors, particularly with regard to numerical data and prices, are expressly reserved. The information contained herein is derived from sources considered reliable, but does not claim to be accurate or complete. Due to court rulings, responsibility may also extend to the content of linked external pages (including the Hamburg Regional Court, judgment of May 12, 1998 – 312 O 85/98), unless an express distancing from such content has been made. Despite careful content control, we assume no liability for the content of linked external pages. The operators of those pages are solely responsible for their content. In addition, the disclaimer of Swiss Resource Capital AG applies, which is available at https://www.resource-capital.ch/….

The Equipment Supply Agreement includes engineering and supply of major process plant equipment spanning the entirety of the proposed process flowsheet outlined in the Company’s 2025 Feasibility Study, with engineering work commencing immediately and formal Notice to Proceed anticipated in the coming months to initiate equipment manufacturing.

The Equipment Supply Agreement covers eight major equipment packages across crushing, grinding, thickening and counter current decantation, Merrill Crowe, and refining circuits of the proposed process plant at Panuco. The equipment has been specified to support both the initial 3,300 tonnes per day (“tpd”) Phase 1 operation and the planned expansion to 4,000 tpd outlined in the 2025 Feasibility Study. The contract structure and equipment configuration are designed to facilitate future process plant modifications associated with the planned integration of the Napoleon mine in Year 4, with minimal operational downtime.

The parties have initially entered into a limited notice to proceed agreement (“LNTP”) to authorize commencement of early engineering and procurement activities while the definitive terms of the Equipment Supply Agreement continue to be finalized.

“The award of this major equipment package to FLS represents a key procurement milestone for the Panuco Project,” said Simon Cmrlec, Chief Operating Officer of Vizsla Silver. “We are pleased to be working with the FLS team who has provided us with a technically robust equipment package for the Project which supports both the initial Phase 1 plant design and future Phase 2 expansion plans while remaining in line with the process plant capital budget outlined in the Feasibility Study. FLS’s Life-Cycle Service Offering will provide us with a high level of support throughout the commissioning, ramp-up and operations phases of the Panuco facility.”

“We are excited to be selected as Vizsla Silver’s key technology partner for their complete silver processing flowsheet. With our leading technologies and life-cycle service offerings, we look forward to helping Vizsla Silver maximize silver recovery and production throughout the life cycle of this new operation”, comments Qasim Abrahams, Products Business Line President at FLS.

About FLSmidth

FLS is a leading supplier of mineral processing technology, process equipment, and service solutions to the global mining industry, covering the full flowsheet from comminution and classification to flotation, thickening, dewatering, refining, and tailings management. The company supports thousands of mining operations across more than 125 countries and has extensive operational and technical experience in Mexico, supported by local service and after sales capabilities, including its service centre in Zacatecas.

About Vizsla Silver and the Panuco Project

Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. The Company recently completed a Feasibility Study for Panuco in November 2025 which highlights 17.4 Moz AgEq of annual production over an initial 9.4-year mine life, an after-tax NPV(5%) of US$1.8B, 111% IRR and a 7-month payback at US$35.50/oz Ag and US$3,100/oz Au. Vizsla Silver aims to position itself as a leading silver company by implementing a dual track development approach at Panuco, advancing mine development while continuing district-scale exploration through low-cost means.

In accordance with National Instrument 43-101, Jesus Velador, Ph.D. MMSA QP., Chief Geologist, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release.

Contact Information: For more information and to sign-up to the mailing list, please contact:

Michael Konnert, President and Chief Executive Officer
Tel: (604) 364-2215
Email: info@vizslasilver.ca 
Website: www.vizslasilvercorp.com

In Europe
Swiss Resource Capital AG
Marc Ollinger
info@resource-capital.ch 
www.resource-capital.ch

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release contains “forward-looking statements” and “forward-looking information” (together, “forward-looking statements”) within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or performance and reflect management’s expectations or beliefs regarding future events, plans, and objectives.

Forward-looking statements in this release include, but are not limited to, statements regarding: the timing and scope of engineering and supply works under the Equipment Supply Agreement; the commencement and advancement of engineering works under the Equipment Supply Agreement; the configuration of the equipment to support Phase 1 and Phase 2 operations at Panuco, including the planned expansion to 4,000 tpd; the anticipated integration of the Napoleon mine in Year 4 and the design of the process plant to facilitate future modifications with minimal operational downtime; the anticipated Life-Cycle Service Offering agreements with FLS; and the Company’s ability to advance the Panuco Project toward production.

Forward-looking statements are based on a number of assumptions believed to be reasonable by the Company as of the date of this release, including, without limitation: the accuracy of the Feasibility Study parameters; the availability of financing on acceptable terms; that required permits and approvals will be obtained in the expected timeframe; continued community and government support; stability in market, political and economic conditions; reasonable accuracy of operating and capital cost estimates; and continued favourable metal prices and exchange rates.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risks include, but are not limited to: exploration, development and operating risks; permitting, environmental and regulatory risks; community relations and social licence risks; commodity price and currency fluctuations; inflation and cost escalation; financing and liquidity risks; reliance on contractors and suppliers; title and surface rights risks; changes in project parameters; inaccuracies in technical or economic modelling; the risk that the Feasibility Study assumptions prove inaccurate; and other risks described in the Company’s continuous disclosure filings available under its profile on SEDAR+ at www.sedarplus.ca.

There can be no assurance that the Panuco Project will be placed into production or that the results of the Feasibility Study will be realized. The purpose of the forward-looking statements is to provide information about management’s current expectations and plans and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements contained herein.

No Production Decision: The Company has not made a production decision for the Panuco Project. A decision to proceed with construction will only be made following the completion and review of detailed engineering, financing arrangements, and receipt of all required permits and approvals.

Highlights from Diamond Drilling at the Sewum Gold Deposit at Enchi

• Drilling intersected wide zones of gold mineralization above the mineral resource grade and below the limits of the pits that constrain the Mineral Resource Estimate.
o Diamond drill hole SWDD121 intersected multiple gold mineralized zones including 1.37 g/t Au over 24.0 m from 94.0 m, including 1.93 g/t Au over 12.0 m from 103.0 m, and 0.55 g/t Au over 16.5 m from 30.0 m.
o Hole SWDD115 intersected 0.74 g/t Au over 10.2 m from 54.3 m, with a second zone of high-grade mineralization that intersected 9.24 g/t Au over 1.9 m from 251.4 m including 17.36 g/t Au over 1.0 m from 251.4 m.

• Drill results not included in most recent Mineral Resource Estimate, with drilling continuing to prove out the potential for future resource growth at Enchi.
o Sewum is the largest deposit currently defined at Enchi and remains open along strike and at depth.
o This drilling reached a maximum vertical depth of 200 metres, with the average vertical depth of all holes drilled to date at Sewum only down to 100 metres.

Greg Smith, VP Exploration of Newcore stated, "Results from our latest drilling at Sewum continue to demonstrate the continuity and scale of gold mineralization beyond the pit-constrained limits of the current Mineral Resource Estimate, reinforcing the strong potential for future resource growth at Enchi. These holes successfully intersected gold mineralization above the mineral resource grade and below areas that have historically seen limited drilling, extending mineralization to depth. As the largest deposit currently defined at Enchi, Sewum remains open along strike and at depth, with this drilling continuing to support our interpretation that the mineralized system continues beyond the boundaries of the existing resource model. With the strong results from drilling completed in 2026 not yet included in the mineral resource estimate at Enchi, we are excited to continue to focus our on-going drill program on expanding the mineralized footprint and proving out the potential for resource growth beyond the limits of the current resource, including at depth."

This release reports results for 6 DD holes totalling 2,069 m (SWDD115, SWDD117 to SWDD121) targeting the Sewum Gold Deposit, with all holes intersecting gold mineralization. A total of 40,528 m in 272 holes has been reported to date as part of the ongoing drill program at Enchi, with 98% of holes intersecting gold mineralization.

Select assay results from the 6 holes of the drill program reported in this release are below:

A plan map showing the drill hole locations can be viewed at:
https://newcoregold.com/site/assets/files/5976/2026_06_16-ncau-nr-enchi-plan-map-sewum.pdf

A cross section showing drill results and highlights for hole SWDD121 and SWDD120 can be viewed at:
https://newcoregold.com/site/assets/files/5976/2026_06-ncau-crosssection-swdd121.pdf

A complete list of the drill results in this release, including hole details, can be viewed at:
https://newcoregold.com/site/assets/files/5976/2026_06_16-ncau-enchi-2024-2026-drill-results.pdf 

Diamond Drilling at the Sewum Gold Deposit

SWDD115 and SWDD117 to SWDD121 (6 DD holes totalling 2,069 m) were completed at Sewum, targeting mineralization within the shallow oxide-transition and the upper fresh mineral horizon at the Ridge Zone, with a goal of expanding the mineralized footprint of the deposit. This drilling reached a maximum vertical depth of 200 metres, representing some of the deepest intercepts drilled to date at Sewum, with prior drilling completed at Sewum focused on shallow mineralization within the first 100 vertical metres. The holes reported in this news release include three holes testing three sections along a 500 metre strike length on the upper structures and another three holes testing two additional sections along a 100 metre strike length in the lower structures of the zone.

Two diamond drill holes totalling 665 m (SWDD120 and SWDD121) were drilled on the same section and used to define the dip of the main sub-parallel gold mineralized structures at depth. Hole SWDD121 intersected 1.37 g/t Au over 24.0 m from 94.0 m, including a higher-grade interval of 1.93 g/t Au over 12.0 m from 103.0 m. This hole also intersected a second mineralized zone with 0.55 g/t Au over 16.5 m from 30.0 m. SWDD120, collared 50 metres east on the same section, intersected a series of stacked gold mineralized zones including
0.58 g/t Au over 7.0 m from 149.0 m and 0.57 g/t Au over 6.0 m from 203.0 m.

Diamond drill hole SWDD115 totalling 371 m, collared 700 metres north of SWDD121, tested the northern-central portion of the Ridge Zone and encountered high-grade gold within the fresh mineralization with 9.24 g/t Au over 1.9 m from 251.4 m, including 17.36 g/t Au over
1.0 m from 251.4 m. SWDD115 also intersected gold mineralization in the shallower oxide-transition mineralization with 0.74 g/t Au over 10.2 m from 54.3 m.

Diamond drill hole SWDD117 totalling 380 m, collared 200 metres north of SWDD121, tested both the upper and lower structures and intersected multiple stacked gold mineralized zones including 3.36 g/t Au over 3.3 m from 61.1 m, 0.30 g/t Au over 44.0 m from 270.0 m, including 0.71 g/t Au over 4.0 m from 273.0 m and including 1.09 g/t Au over 2.0 m from 286.0 m. Diamond drill hole SWDD119 totalling 380.5 m, collared 100 metres south of SWDD117, also intersected several sub-parallel gold mineralized structures including 0.48 g/t Au over 12.0 m from 270.0 m and 0.54 g/t Au over 7.0 m from 324.0 m.

Diamond drilling completed at Sewum continues to confirm continuity along strike and down dip for the principal structures which comprise the Ridge Zone of the Sewum Gold Deposit.

Enchi Work Program

The 80,000 metre drill program underway at Enchi commenced August 2024 is focused on resource conversion, resource growth and discovery. Reverse Circulation ("RC") drilling is targeting near-surface mineralization (oxide, transition, and shallow fresh mineralization) focused on resource conversion and continuing to define the potential for resource growth along strike at existing deposits, with diamond drilling directed at the high-grade potential at depth. The completed first phase of the drill program was infill drilling for resource conversion, with only the first 28,000 metres of the drill program incorporated into an updated Mineral Resource Estimate announced on March 18, 2026 that more than doubled the Indicated Mineral Resource. All deposit areas and pre-resource targets at Enchi remain open along strike and at depth, providing for future resource growth across the district-scale property.

In addition to drilling, a Pre-Feasibility Study ("PFS") is targeted for completion by the end of June 2026 (see news release dated February 5, 2026), alongside on-going development work in support of project advancement at Enchi which includes metallurgical testwork, hydrogeological testing, geotechnical work, and environmental work.

Sewum Gold Deposit

Sewum is one of the five deposits which comprise the Mineral Resource Estimate at Enchi (Sewum has an Indicated Mineral Resource of 41.2 million tonnes grading 0.43 g/t Au containing 573,000 ounces and an Inferred Mineral Resource of 24.2 million tonnes grading 0.39 g/t Au containing 308,000 ounces). Sewum is located 15 kilometres south of the town of Enchi, with nearby roads and power and further access provided by a series of drill roads. Sewum is outlined on surface by a greater than six-kilometre-long and one-to-two-kilometre-wide gold-in-soil anomaly. An airborne geophysical anomaly coincident with the Sewum Gold Deposit defines a series of subparallel and intersecting structures. To date, approximately 45% of the gold-in-soil anomaly at Sewum is untested by drilling, with the average vertical depth of all holes drilled to date at Sewum only down to 100 metres.

Enchi Gold Project Mineral Resource Estimate

The Enchi Gold Project hosts an Indicated Mineral Resource of 83.6 million tonnes grading 0.56 g/t Au containing 1,502,000 ounces gold and an Inferred Mineral Resource of 40.1 million tonnes grading 0.49 g/t Au containing 626,000 ounces. Mineral resource estimation practices are in accordance with CIM Estimation of Mineral Resource and Mineral Reserve Best Practice Guidelines (November 29, 2019) and follow CIM Definition Standards for Mineral Resources and Mineral Reserves (May 10, 2014), that are incorporated by reference into National Instrument 43-101 ("NI 43-101"). The Mineral Resource Estimate is from the technical report titled "Technical Report Mineral Resource Estimate Update, Enchi Gold Project, Ghana" dated May 1, 2026, with an effective date of March 18, 2026, prepared for Newcore by Ryan Wilson, P. Geo, Matthew Halliday, P. Geo, Schadrac Ibrango, P. Geo of DRA Americas Inc. in accordance with NI 43-101, and is available under the Company’s profile on SEDAR+ at www.sedarplus.ca. These individuals are independent qualified persons ("QP") as defined by NI 43-101.

Newcore Gold Best Practice

Newcore is committed to best practice standards for all exploration, sampling and drilling activities. Drilling was completed by independent drilling firms using industry standard RC and Diamond Drill equipment. Analytical quality assurance and quality control procedures include the systematic insertion of blanks, standards and duplicates into the sample strings. Samples are placed in sealed bags and shipped directly to Intertek Labs located in Tarkwa, Ghana for 50 gram gold fire assay.

Qualified Person

Mr. Gregory Smith, P. Geo, Vice President of Exploration at Newcore, is a Qualified Person as defined by NI 43-101, and has reviewed and approved the technical data and information contained in this news release. Mr. Smith has verified the technical and scientific data disclosed herein and has conducted appropriate verification on the underlying data including confirmation of the drillhole data files against the original drillhole logs and assay certificates.

About Newcore Gold Ltd.

Newcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s largest gold producer ⁽¹⁾. Newcore Gold offers investors a unique combination of top-tier leadership, who are aligned with shareholders through their 12% equity ownership, and prime district scale exploration opportunities. Enchi’s 248 km² land package covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several multi-million-ounce gold deposits, including the Chirano mine 50 kilometres to the north. Newcore’s vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders.

(1) Source: Production volumes for 2025 as sourced from the World Gold Council.

On Behalf of the Board of Directors of Newcore Gold Ltd.

Luke Alexander
President, CEO & Director

For further information, please contact:
Mal Karwowska | Vice President, Corporate Development and Investor Relations
+1 604 484 4399
info@newcoregold.com
www.newcoregold.com 

In Europe
Swiss Resource Capital AG
Marc Ollinger
info@resource-capital.ch
www.resource-capital.ch

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This news release includes statements that contain "forward-looking information" within the meaning of the applicable Canadian securities legislation ("forward-looking statements"). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: statements about the estimation of mineral resources; realization of mineral resources estimates; timing, content and  completion of a pre-feasibility study; proposed development plans for the Company; results of metallurgical testwork; results of our ongoing drill campaign; results of drilling, magnitude or quality of mineral deposits; anticipated advancement of mineral properties or programs; and future exploration prospects and growth of mineral properties.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. The assumptions underlying the forward-looking statements are based on information currently available to Newcore. Although the forward-looking statements contained in this news release are based upon what management of Newcore believes, or believed at the time, to be reasonable assumptions, Newcore cannot assure its shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-looking information also involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others: risks related to the speculative nature of Newcore’s business; Newcore’s formative stage of development; Newcore’s financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold and other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, unusual or unexpected geological formations); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. 

Forward-looking statements contained herein are made as of the date of this news release and Newcore disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

REN Royalty Acquisition

The Company has acquired an additional indirect 0.1875% net smelter return (“NSR”) royalty interest over the REN project for total cash consideration of US$6.25 million. This is in addition to the existing indirect 1.50% NSR interest held on the same terms. As a result, the Company’s net interests over the REN project have increased to a 1.6875% indirect NSR and a 3.5% Net Profit Interest. The REN project is a development-stage project located in Nevada, USA, owned by Nevada Gold Mines, a joint venture between Barrick Mining Corp. (61.5%) and Newmont Corp. (38.5%), and operated by Barrick Mining Corp. Barrick has announced that it expects to achieve first production at Ren in 2026 and ramp up to full production by year-end 2027, with an annual forecasted average gold production of 140,000 ounces.

Integrated Report

Gold Royalty is also pleased to announce the release of its 2026 Integrated Report, which includes the Company’s Asset Handbook and Sustainability Report. The integrated report is available at the Company’s website at www.goldroyalty.com.

The Asset Handbook highlights Gold Royalty’s key cash flowing and development assets, including the recently-acquired royalty on Pedra Branca and its royalty on the Jerritt Canyon mine, which is expected by its operator to restart within the next five years. The Sustainability Report highlights significant improvement to Scope 2 CO₂e emissions year-over-year, the Company’s improvements in community engagement and support of local causes, and its continued commitment to responsible mining practices.

Capital Markets Day

Gold Royalty’s management team will host its Capital Markets Day on Thursday, June 18, 2026, from 9:30 am to 12:30 pm EDT virtually and in-person in Toronto, Canada.

Please visit https://www.goldroyalty.com/investors/events for information on how to pre-register and view the 2026 Capital Markets Day webcast. A replay of the event will be available on the Company’s website following the presentation.

The event will provide an overview of Gold Royalty’s business, long-term strategy, M&A outlook, capital structure and recent developments across the Company’s portfolio. Additionally, Gold Royalty is pleased to welcome guest speakers from CoreX Holding BV, DPM Metals Inc, and Orla Mining Ltd. to provide updates on Pedra Branca, Vareš, and South Railroad mines and projects, respectively.

About Gold Royalty Corp.

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty’s diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.

Gold Royalty Corp. Contact

Jackie Przybylowski

Vice President, Capital Markets

Telephone: (833) 396-3066

Email: info@goldroyalty.com

In Europe

Swiss Resource Capital AG

Marc Ollinger

info@resource-capital.ch

www.resource-capital.ch

Notice to Investors

For further information regarding the properties underlying the Company’s royalties, stream and other interests, please refer to the disclosures of the operators thereof, including the news releases referenced herein and the other disclosures of such operators. Disclosure relating to properties in which Gold Royalty holds interests is based on information publicly disclosed by the owners or operators of such properties. The Company generally has limited or no access to the properties underlying its interests and is largely dependent on the disclosure of the operators of its interests and other publicly available information. The Company generally has limited or no ability to verify such information. Although the Company does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate.

Forward-Looking Statements:

Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"), including but not limited to statements regarding: expectations regarding the operations and/or development of the projects underlying the Company’s royalty interests, the Company’s business plans and strategies and its sustainability initiatives. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions of management regarding the accuracy of the disclosure of the operators of the projects underlying the Company’s projects, their ability to achieve disclosed plans and targets, macroeconomic conditions, commodity prices, and the Company’s ability to finance future growth and acquisitions. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, any inability to any inability of the operators of the properties underlying the Company’s royalty interests to execute proposed plans for such properties or to achieved planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, the influence of macroeconomic developments, the ability of the Company to carry out its growth plans and other factors set forth in the Company’s Annual Report on Form 20-F for the year ended December 31, 2025 and its other publicly filed documents under its profiles at www.sedarplus.ca and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.