• Sitka reports results for additional diamond drill holes; continues to intercept broad intervals of high-grade gold mineralization in step out drilling at the Blackjack deposit
  • Drill hole DDRCCC-26-128 returned 348.0 m of 1.12 g/t Au, including 164.0 m of 1.83 g/t Au, 45.0 m of 3.49 g/t Au, 2.0 m of 15.35 g/t Au and 2.0 m of 13.65 g/t Au at Blackjack
• First seven holes received of the 30,000 m of drilling allocated to Rhosgobel this year continue to expand the Rhosgobel deposit with intervals of higher grade mineralization within broad zones of mineralized quartz monzonite
  • Drill hole DDRCRG-26-049 returned 74.8 m of 0.91 g/t Au, including 56.1 m of 1.12 g/t and 3.4 m of 4.01 g/t Au at Rhosgobel
  • Drill hole DDRCRG-26-044 returned 11.4 m of 1.00 g/t Au, and 28.1 m of 1.08 g/t Au including 7.3 m of 2.87 g/t Au at Rhosgobel
• Six drill rigs are currently turning on the Project at Blackjack, Saddle, Eiger, and Rhosgobel
• Approximately 24,000 m of diamond drilling has been completed to date this year in 47 drill holes across the Blackjack and Rhosgobel deposits as part of the ongoing 60,000 m drill program planned for 2026

Sitka Gold Corp. (TSX-V: SIG) (FSE: 1RF) (OTCQX: SITKF) is pleased to announce assay results from drill hole DDRCCC-26-128 completed at Blackjack and the first seven drill holes received during its 2026 exploration campaign at the Rhosgobel deposit and to provide an update on the 60,000 metre diamond drilling program currently underway at its 100% owned, road accessible RC Gold Project in Canada’s Yukon Territory. These results continue to expand the high-grade gold zone at the Blackjack deposit (see Figures 1 and 2) and continue to expand the mineralized envelope at the Rhosgobel deposit (see Figures 3 through 5). Assays are currently pending for all remaining holes that have been completed to date this year.

“These latest drill results continue to demonstrate the exceptional scale, continuity and growth potential of the RC Gold Project,” said Cor Coe, Director and CEO of Sitka Gold Corp. “At Blackjack, hole 128 has delivered another strong intercept, including 164.0 metres grading 1.83 g/t gold with a particularly impressive higher-grade interval of 45.0 metres grading 3.49 g/t gold. Results like these continue to strengthen our confidence that the Blackjack deposit remains open and has significant potential for further expansion.

“At the same time, the first seven holes received from the 30,000 metres of drilling allocated to Rhosgobel this year continue to validate and expand what is already one of Canada’s newest multi-million-ounce gold discoveries. The broad mineralized intervals we are intersecting, along with localized higher-grade zones and encouraging tungsten values, reinforce our belief that Rhosgobel has the potential to become an increasingly important component of the RC Gold Project.

“With approximately 24,000 metres completed and six drill rigs currently operating across Blackjack, Rhosgobel, Saddle and Eiger, we are just beginning to unlock the full potential of this year’s 60,000 metre drill program. We look forward to a steady stream of assay results as we continue expanding our existing deposits while testing several additional high-priority targets across the district-scale RC Gold Project.”

 Figure 1: Plan map of drilling completed at the Blackjack deposit, highlighting results from drill holes reported in this news release.

 Figure 2: Cross section of drill hole DDRCCC-26-128.

 Figure 3: Plan map of drilling completed at the Rhosgobel deposit, highlighting results from drill holes reported in this news release.

 Figure 4: Cross section of DDRCRG-26-044.

 Figure 5: Cross section of DDRCRG-26-046 and DDRCRG-26-049.

 Figure 6: Examples of visible gold observed in DDRCCC-26-128 (top row) and DDRCCC-26-129 (bottom row) from Blackjack.

 Figure 7: Examples of visible gold observed in DDRCRG-26-044/045 (top row) and DDRCRG-26-048/050 (bottom row) from Rhosgobel.

The 2026 drill program continues to successfully intersect broad zones of Reduced Intrusion-Related Gold (RIRG) mineralization at the Blackjack and Rhosgobel deposits and continues to expand and define the known gold mineralization at each area. Visible gold* has been observed associated with the RIRG mineralization in all but one drill hole at both targets. The program will continue to define these broad zones of mineralization as well as target new zones of previously defined mineralization such as the Pukelman/Contact zones, Saddle zone and Bear Paw Breccia zone.

* While visible gold observations are very encouraging and confirm the presence of gold mineralization, they are not intended to imply potential gold grades. Gold assays will be published after they are received from the lab for mineralized intervals in which visible gold particles were noted.

Figure 8: Longitudinal section showing locations of several of the intrusion targets and the current gold resources within the Clear Creek Intrusive Complex. A 60,000 metre diamond drilling program planned for 2026 will focus on further expansion of the 2 km long Blackjack-Eiger area with 15,000 metres of drilling. An additional 30,000 metres of drilling is planned at Rhosgobel to follow up on the initial diamond drilling conducted by Sitka in 2025. 10,000 metres of drilling has been allocated for the Pukelman-Contact zone and 5,000 metres of drilling will follow up on initial drilling results from Bear Paw and test other high-priority targets.

 Figure 9*: A plan map of the Clear Creek Intrusive Complex (CCIC) showing the updated resource areas at Blackjack and Eiger, and the six additional areas that have drill targets indicated by the mauve hatched areas. The map highlights the numerous drill targets that Sitka has outlined within the CCIC which all are connected by the road network on the project and occur in an area measuring five (5) km north-south and twelve (12) km east-west. Additional areas highlighted by strong gold in soil anomalies are being advanced to the drill ready stage with additional geological work planned in 2026.

* References for Figure 9 drilling intervals:
Rhosgobel Intervals: Sitka Gold News Release dated November 25, 2024
Pukelman Intervals: Sitka Gold News Release dated January 7, 2025
Contact Intervals: O’Brien, 2010; Assessment Report, 2010 Diamond Drilling Program, Clear Creek Property (Assessment report 095539)
Shutty, 2011; Assessment Report, 2011 Exploration Program, Clear Creek Property (Assessment Report 095984)
Bear Paw Intervals: Shutty, 2011; Assessment Report, 2011 Exploration Program, Clear Creek Property (Assessment Report 095984)

About the RC Gold Project

Sitka’s 100% owned, flagship RC Gold Project consists of a 447 square kilometre contiguous district-scale land package located in the heart of Yukon’s Tombstone Gold Belt. The project is located approximately 100 kilometres east of Dawson City, which has a 5,000 foot paved runway, and is accessed via a secondary gravel road from the Klondike Highway which is usable year-round and is an approximate 2 hour drive from Dawson City. It is one of the largest consolidated land packages strategically positioned mid-way between the Eagle Gold Mine and the past producing Brewery Creek Gold Mine.

The RC Gold Project hosts an indicated MRE of 1,291,000 ounces of gold and an inferred MRE of 3,829,000 ounces of gold (see Table A below) hosted within three at surface, road-accessible pit constrained deposits. The 60,000 metre drill program planned for 2026 is focused on expanding all three known deposits in addition to testing other high potential targets in close proximity to the current resources.

* Notes for Blackjack Resources:

1. Mineral resource estimate prepared by Ronald G. Simpson of GeoSim Services Inc. with an effective date of January 21, 2025.
2. Mineral Resources are estimated consistent with CIM Definition Standards and reported in accordance with NI 43-101.
3. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
4. Mineral resources are constrained by an optimized pit shell using the following assumptions: US$2000/oz Au price; a 45° pit slope; assumed metallurgical recovery of 85%; mining costs of US$2.00 per tonne; processing costs of US$10.00 per tonne; G&A of US$4.00/t.
5. The base case cut-off of 0.3 g/t Au is believed to provide a reasonable margin over operating and sustaining costs for open-pit mining and processing
6. Totals may not sum due to rounding.

** Notes for Rhosgobel and Eiger Resources:

1. Mineral resource estimate prepared by Ronald G. Simpson of GeoSim Services Inc. with an effective date of February 25, 2026
2. Mineral Resources are estimated consistent with CIM Definition Standards and reported in accordance with NI 43-101.
3. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
4. Mineral resources are constrained by an optimized pit shell using the following assumptions: US$3000/oz Au price; a 45° pit slope; assumed metallurgical recovery of 85%; mining costs of US$2.50 per tonne; processing costs of US$14.00 per tonne; G&A of US$4.00/t.
5. The base case cut-off of 0.3 g/t Au is based on a gold price of US$2500/oz and believed to provide a reasonable margin over operating and sustaining costs for open-pit mining and processing
6. Totals may not sum due to rounding.

All of these deposits begin at surface and are potentially open pit minable. Initial bottle roll metallurgical testing confirmed the non-refractory characteristics of the gold mineralization and returned gold extraction rates averaging around 85% for the Blackjack and Eiger deposits. Further metallurgical testwork in 2024 for Blackjack and Eiger returned recoveries ranging from 77.6 to 93% for gravity followed by cyanidation. Initial bottle roll testing for Rhosgobel has confirmed non-refractory characteristics of the gold mineralization with two composite samples returning gold recoveries of 89% and 96%. Additional metallurgical testing at Rhosgobel has returned an average gold recovery of 94.3% using conventional whole ore cyanidation leaching and an initial recovery of 84.7% tungsten in rougher concentrate using conventional flotation. Metallurgical testing for potential silver recovery has not yet been completed.

For the purposes of the current resource model, it is assumed that a likely mill flowsheet would consist of a gravimetric, flotation, and cyanidation circuit.

About Sitka Gold Corp.

Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada. The Company is managed by a team of experienced industry professionals and is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit. Sitka is currently advancing its 100% owned, 447 square kilometre flagship RC Gold Project located within the Tombstone Gold Belt in the Yukon Territory. The Company has also announced plans to spin-out the Alpha Gold Project in Nevada and the Burro Creek Gold and Silver Project in Arizona into a new discovery-focused exploration company to be named at a later date.

A 60,000 metre diamond drilling program planned for 2026 is currently underway at the Company’s flagship RC Gold Project, located in Yukon Canada, where six diamond drill rigs are currently operating.