Gladiator Metals Corp. (TSX-V: GLAD) (OTCQX: GDTRF) (FSE: ZX7) (NSX: GM1) has commenced drilling on the Southern Limb at Cowley, opening the next significant growth area while continued standout results extend broad zones of high-grade, near-surface copper mineralization on the Northern Limb, enhanced by material molybdenum, gold and silver credits. The latest results reinforce Cowley as a rapidly developing, near-surface resource-growth opportunity within the Whitehorse Copper Project.

HIGHLIGHTS: 

1. Results from near-surface drilling continue to expand Cowley’s scale and unlock significant resource-growth potential, extending significant high-grade shallow mineralization to the northeast and up dip to surface. 
2. Drilling results extending the Northern Limb to the northeast include: 

1. • CPG-170:24.0 m @ 2.37% Cu from 8.0 m, incl.
     • 13.1 m @ 3.89% Cu.
   • CPG-159:36.3 m @ 1.03% Cu, 0.25 g/t Au and 860 ppm Mo from 39.8m, incl.
     • 28.1 m @ 1.25% Cu, 0.30 g/t Au and 1,013 ppm Mo from 48m.
   • CPG-171:75.61 m @ 0.81% Cu from 56.39m, incl.
     • 34.11m @ 1.22% Cu, 0.10 g/t Au, 6.20 g/t Ag & 405 ppm Mo from 56.39m

3. First systematic modern drilling of Southern Limb now underway opening the next major potential growth front, with a second rig added to accelerate resource delineation at Cowley. Results from the first hole completed on the Southern Limb returned: 

1. • CPG-173:62.0 m @ 1.34% Cu, 0.10 g/t Au, 8.99 g/t Ag & 512 ppm Mo from 48.6 m, Incl.:
     • 9.0m @ 2.14 % Cu, 0.16 g/t Au, & 10.86 g/t Ag from 52 m, And
     • 32.6m @ 1.70 % Cu, 0.13 g/t Au, 11.96 g/t Ag & 815 ppm Mo from 78 m

4. Program doubled at Cowley from 8,000 m to more than 16,000 m following further mineralised-zone extensions and stronger than expected results across the Northern Limb.

Gladiator CEO Jason Bontempo commented:

“Cowley is delivering results that are driving a significant resource-growth story: broad, high-grade, near-surface copper mineralization with an increasingly important molybdenum credit.

“The consistency of results across the Northern Limb, combined with further zones of high-grade mineralization extending to surface and along strike to the northeast, continues to strengthen our confidence in Cowley’s expanding scale and quality.

“With multiple holes returning more than 1,000 ppm Mo; molybdenum is emerging as a material by-product value driver that will significantly enhance Cowley’s future metal mix.

“Commencing drilling on the Southern Limb marks a major step forward, with the first hole intersecting broad zones of high-grade mineralization in areas previously untested or not drilled by Gladiator at Cowley. With improved Class 3 access, Gladiator has the ability to systematically infill, extend and upgrade the broader Cowley system.

“We have expanded the Cowley program from an initial 8,000 metres to more than 16,000 metres in response to continued extensions of the mineralized zone and stronger-than-expected results throughout the Cowley area. A second rig has been added to accelerate drilling across what is becoming one of Gladiator’s most important near-term value drivers.”

SUMMARY

Cowley continues to expand in multiple directions, with broad, high-grade, near-surface drilling continuing to expand Cowley’s Cu-Au-Ag-Mo mineralization and strengthening continuity, extending the system to surface and unlocking significant resource-growth potential to add tons and enhance future potential resource value.

Recent drilling across approximately 200 m of east-west strike on the Northern Limb has defined broad, high-grade Cu-Au-Ag-Mo mineralization to a vertical depth of 156 m below surface. Results from the northeastern section of the Northern Limb have exceeded expectations, prompting Gladiator to double the Cowley program from 8,000 metres to more than 16,000 metres. This combined with recently gained access to the area under Class 3 permit conditions, enables Gladiator to expand drilling into previously inaccessible areas and systematically test the broader Cowley mineralized system.

Overall, these results support a larger, higher-confidence Cowley system by increasing potential tonnage, strengthening local grade, improving Cu-Au-Ag-Mo continuity and reducing geological uncertainty across key parts of the prospect.

New Northern Limb intersections, include:

The latest Cowley results deliver a major step forward in expanding the scale, continuity and near-surface potential of the Cu-Au-Ag-Mo system. Standout holes CPG-159, CPG-170, CPG-171 and CPG-156 confirm broad, high-grade mineralization across multiple areas: CPG-170 returned 24.00 m at 2.37% Cu from just 8.00 m, including 13.10 m at 3.89% Cu, while CPG-159 delivered 36.30 m at 1.03% Cu, 0.25 g/t Au, 6.82 g/t Ag and 860 ppm Mo. Together, these results extend high-grade mineralization laterally, vertically and to surface, reinforcing Cowley as a substantial, multi-metal potential resource-growth opportunity.

Importantly, the drilling is expanding Cowley in several directions at once. CPG-171 demonstrates strong vertical persistence with 75.61 m at 0.81% Cu, including 34.11 m at 1.22% Cu, while CPG-156 strengthens the western side of the eastern high-grade corridor with 24.00 m at 0.69% Cu and 1,649 ppm Mo, including 12.00 m at 1.06% Cu and 2,207 ppm Mo. Supporting holes CPG-157, CPG-160 and CPG-162 further tighten geological continuity and extend mineralization through the northeastern, southeastern and eastern margins. Collectively, the results point to a larger, more connected and higher-confidence mineralised system with clear potential to add tonnes, improve grade distribution and enhance the value of near-surface resource potential.

Southern Limb Drilling

Gladiator has commenced drilling on the Southern Limb at Cowley, opening a significant new resource-growth front in an area that remains materially less defined than the Northern Limb. The first hole completed at Southern Limb (CPG-173), returned:

• 9.6m @ 0.86% Cu, 0.03 g/t Au, 8.52 g/t Ag & 19 ppm Mo from 2.4m, 
• 62.0 m @ 1.34% Cu, 0.10 g/t Au, 8.99 g/t Ag & 512 ppm Mo from 48.6 m, Incl.:
  • 47.30 m @ 1.48% Cu, 0.13 g/t Au, 11.14 g/t Ag and 655 ppm Mo from 52 m, Incl.:
  • 9.0m @ 2.14 % Cu, 0.16 g/t Au, 10.86 g/t Ag & 65 ppm Mo from 52 m, Plus
  • 32.6m @ 1.70 % Cu, 0.13 g/t Au, 11.96 g/t Ag & 815 ppm Mo from 78 m.

CPG-173 was continued down-dip past the Southern Limb and intersected the Northern Limb at depth, returning:

• 26.2m @ 0.58% Cu, 0.06 g/t Au, 4.02 g/t Ag & 317 ppm Mo from 176.80 m

Gladiator has now completed 4 holes for 1,230 metres on the Southern Limb, with assays returned for the first completed hole (CPG-173).

CPG-173 is located beside a cluster of historical drilling by a prior operator (“CP-” prefixed drillholes¹ completed by Hudbay Minerals Inc.) in the 1980s that returned significant copper mineralization over more than 100 metres of strike (Figure 1 & Figure 2) that are the basis for immediate systematic drilling planned by the Company. These historical results include.

• CP-115: 20.73 m @ 1.19% Cu from 47.85 m; 
  • Plus 32.62 m @ 2.46% Cu from 80.77 m,
• CP-112: 54.25 m @ 1.79% Cu from 41.76 m, 
  • Incl.10.67 m @ 6.93% Cu from 85.34 m.
• CP-122: 56.17 m @ 1.61% Cu from 56.91 m, 
• CP-119: 36.27 m @ 2.28% Cu from 72.24 m.
• CP-081: 71.44 m @ 1.10% Cu from 41.64 m, 
  • And 20.72 m @ 2.64% Cu from 81.69 m.
• CP-120: 33.34 m @ 1.59% Cu from 72.12 m, 

Improved Class 3 access is particularly significant, with its impact expected to be more meaningful than on the better-defined Northern Limb. Access under Class 3 conditions enables Gladiator an immediate Cowley catalyst, via systematic infill, to extend and test high-grade Southern Limb mineralization from surface and beneath shallow cover. This provides a clearer pathway to accelerating the conversion of compelling historical results and exploration potential upside into future resource growth.

¹ Refer to Gladiator news releases dated April 3, April 27 and May 15, 2022 for the original disclosure of the historical drill results relating to holes prefixed “CP-“. These historical results are re-reported in this release for context only, were not prepared in accordance with NI 43-101 or the JORC Code and should not be treated as NI 43-101- or JORC-compliant exploration results. Gladiator has not undertaken any independent investigation, nor has it independently analyzed the results of the historical exploration work in order to verify the results. The Company believes that the historical drill results currently do not conform to presently accepted industry standards. Gladiator considers these historical drill results relevant as the Company uses this data as a guide to plan future exploration and drilling programs. The Company also considers the data to be reliable for these purposes, however, the Company’s future exploration work will include verification of the data through drilling.

COWLEY RESOURCE DELINEATION DRILLING

Cowley drilling commenced on 20 April and has expanded from an initial 8,000-metre programme to more than 16,000 metres following extensions of the mineralised zone and stronger-than-expected results across the northeastern Northern Limb. The expanded grid is designed to accelerate resource definition, test extensions and unlock Cowley’s near-surface, high-grade potential.

The initial priority is to:

• Complete step-out, sectional and infill drilling in areas where high-grade mineralization may be incorporated into future resource models; and
• Assess near-surface high-grade mineralization for inclusion in future resource models on both the Southern and Northern limbs of the deposit. This work is intended to maximise shallow resource potential in areas where drilling directly above mineralisation has not previously been possible, including zones that outcrop at surface or lie beneath shallow cover of less than 10 metres.
• Since the resumption of drilling, Gladiator has completed 51 holes for 7,657 metres, with assay results now received for holes CPG-154 to CPG-157, CPG-159 to CPG-162, CPG-170, CPG-171 and CPG-173 contained in this release.

Figure 1: Plan map of Cowley over LiDAR hillshade. Drillholes reported in this release are highlighted in yellow, and Northern Limb holes with assays pending are shown with white collars. The section line indicates the location of Figure 2. Historical Hudbay intersections are shown in blue; refer to Gladiator news releases dated April 3, April 27 and May 15, 2022.

To view an enhanced version of this graphic, please visit:
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Figure 2: Section A-A1 through Cowley, viewed west, showing Gladiator drilling. New drill results reported in this release are highlighted in dark yellow, and historical Hudbay Minerals Inc. drilling is shown in blue. Refer to Figure 1 for the section location.

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EXPLORATION STRATEGY – 2026-27

These results form part of Gladiator’s fully funded and fully permitted 2026 drill programme, which remains focused on accelerating resource definition at Cowley and rapidly expanding the high-grade Cub East discovery.

With a planned fully funded exploration budget of greater than $40 million and > 100,000 meters of drilling planned for 2026 & 2027, Gladiator is poised to complete a very exciting and positive year focused on the drill bit.

Plans are also underway to extend the geophysical “road map” across the broader belt and build on the successful 2025 geophysical targeting workflow of gravity surveying followed by induced polarization. Gladiator has doubled its geophysical budget following the new discovery at Cub East in 2025, where recent drilling, utilizing this geophysical targeting has returned (refer to Company news release dated May 21 & June 04, 2026):

• BCG-020: 40m @ 2.01% Cu + 0.72g/t Au + 19.43g/t Ag from 176m
  • Incl. 24m @ 3.03% Cu+ 1.08g/t Au + 28.91g/t Ag from 190m
• BCG-023: 35.9m @ 2.68% Cu, 1.35 g/t Au & 19.55g/t Ag from 172.1m
  • Incl. 22m @ 4.24% Cu, 2.16 g/t Au, & 31.04g/t Ag from 172.1m

Combined with the generation of the Great Southern Target south of Cowley (Figure 3), this ensures that Gladiator maintains a pipeline of high-quality resource opportunities into the future.

Figure 3: Plan map of Black Cub to Cowley over ground gravity, showing completed IP Lines.

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Table 1: Recently returned drill assay results from Cowley drill holes. Note that the quoted intersections are reported as interval widths and not true widths. True widths of the intersected mineralised skarn system are complex, with different grade distributions present related to the form of the contact between the granodiorite and sedimentary units, as well as different vein generations and orientations within the various intervals.

Where core loss is noted in the remarks column, part of the reported interval returned no core. That portion is assigned no value when calculating the weighted average assay result. NSA refers to No Significant Assays Returned

 Table 2: Selective Historic Hudbay drilling results, Note holes were sampled only for copper by unknown method.

Where core loss is noted in the remarks column, part of the reported interval returned no core. That portion is assigned no value when calculating the weighted average assay result. NSA refers to No Significant Assays Returned

THE WHITEHORSE COPPER PROJECT

The Whitehorse Copper Project is an advanced-stage high-grade copper (Cu), molybdenum (Mo), silver (Ag) and gold (Au) skarn exploration project in the Yukon Territory, Canada.

Copper mineralization was first discovered in 1897 on the Whitehorse Copper Belt and comprises over 30 copper-related, primarily skarn occurrences covering an area of 35 km long by 5 km wide on the western margin of Whitehorse City, Yukon.

Exploration and mining development have been carried out intermittently since 1897, with the main production era lasting between 1967 and 1982, when production from primarily the Little Chief deposit totalled 267,500,000 pounds copper, 225,000 ounces of gold and 2,838,000 ounces of silver from 10.5 million tonnes of mineralized material milled (Watson, 1984). The Whitehorse Copper Project is accessible by numerous access roads and trails located within 2 km of the South Klondike Highway and the Alaska Highway. An extensive network of historical gravel exploration and haul roads exists throughout the project area, providing excellent access to the claim package. Access to existing electric power facilities is available through the main Yukon power grid.

PROJECT HIGHLIGHTS

• Advanced 35 km long high-grade copper belt.
• Located on western margin of infrastructure rich Whitehorse City, Yukon
• Greater than 50,000 m of drilling planned for 2026, focused initially on near-term high-grade copper skarn resource prospects including the cornerstone Cowley Prospect, the recently discovered Cub East Prospect and the significant exploration potential surrounding the Cowley and Cub East mineralised systems.
• Later in the year, focus will revert to the known mineralised areas adjacent to previous operating mines, including the Chiefs and Arctic Chief-Best Chance trends.
• Targeting to report maiden high-grade copper NI 43-101 compliant inferred resource(s), in 2026 for Cowley on completion of Class 3 delineation drilling.
• The Project area was a previous producer at Little Chief, Arctic Chief, Keewenaw & Black Cub South and other deposits.
• Between 1967-82 Hudson Bay Mining & Smelting mined 10.5 mt at 1.5% Cu plus 0.75 g/t Au (Watson P.H. (1984) The Whitehorse Copper Belt – A Compilation. Yukon Geological Survey, Open File 1984-1).
• Key Institutional Investors – BlackRock, Dynamic, Mackenzie, Macquarie Bank and Orimco.

QA / QC 

Drilling completed by Gladiator is irregularly spaced to test parts of the mineralised systems. Holes are directionally surveyed utilising a north-seeking gyro direction tool. Drill collars are subsequently surveyed utilising a high-accuracy RTK DGPS or DeviSite system. Diamond drilling is usually cased, then cored utilising HTW diameter before reducing at shallow depth in stable ground to NTW diameter drill core.

Mineralized quoted intersections are reported as interval widths and not true width. True widths of the intersected mineralised skarn system are complex, making an estimate of the true width unreliable. This is due to different grade distributions and angle geometries present related to the form or outline of the contact between the granodiorite and sedimentary units as well as different vein paragenesis and orientations within the various intervals. Where possible, drilling is conducted perpendicular to interpreted mineralisation.

Upon drilling of diamond core, Gladiator undertakes geological logging, marking up of lineal length of the core, recording core recovery, and Geotech measurements such as RQDs and taking core photographs.

Based on the geological logging, core is then marked up for sampling with a new sampling ticket that matches the submitted sample for analysis at the start of the sample interval. The drill core is then cut in half utilising a core saw equipped with a diamond saw blade. The core samples are sent for analysis and the remaining half core is retained for future reference. Certified Reference Materials or known blank material is placed within the sampling sequence at a nominal sampling rate of at least 1 in 20 samples to monitor the laboratory.

Samples are submitted to the Whitehorse-based prep facility of ALS Global Laboratory (Canada). Samples subject to this release were crushed to 70% less than 2 mm before pulverising to better than 85% passing <75 microns. Assay pulps are then transported by ALS to the Vancouver (Langley) facility to be analysed. On occasions where the Whitehorse prep facility has reduced capacity to complete preparation of the samples in a timely manner, samples may be forwarded by ALS Global to its Langley facility for preparation utilising the same method as described above.

Samples were then analysed by ALS method ME-ICP61 (34 Element four-acid digestion with ICP-AES finish), with over-limits for Cu analysed by method CU-OG62 (four-acid digestion with ICP finish.). Au is analysed by ALS method AU-AA25 (Ore Grade Au 30 g Fire Assay AA Finish). As part of this process, Gladiator also captures the required sampling metadata to potentially utilise the core and analysis for any future requirements if deemed acceptable. The QA/QC meets the current required standards under reporting instruments, such as National Instrument 43-101. At this point, Gladiator regards the data collected from this exercise as reliable for the purposes of identifying future exploration targets and may use it to inform future drilling and exploration campaigns.

As part of this process, Gladiator captures the required sampling metadata to potentially utilise the core and analysis for any future requirements if deemed acceptable. Further drilling may be required to confirm the reliability or usability of this data in the future, including but not limited to twinning of reported mineralisation. This may be required where Gladiator is unable to confirm the accuracy of the stated drill collar location, re-enter the holes to confirm depths and undertake directional surveys, or confirm that the QA/QC meets the current required standards under reporting instruments such as National Instrument 43-101. At this point, the Company is treating the data collected from this exercise as reliable for the purposes of identifying future exploration targets and informing future drilling and exploration campaigns.

References:

Watson P.H. (1984) The Whitehorse Copper Belt – A Compilation. Yukon Geological Survey, Open File 1984-1.(https://data.geology.gov.yk.ca/Reference/42011#InfoTab)

Tenney D. (1981) – The Whitehorse Copper Belt: Mining, Exploration and Geology (1967-1980). (https://ia800602.us.archive.org/7/items/whitehorsecopper00tenn/whitehorsecopper00tenn.pdf)

Qualified Person

All scientific and technical information in this news release has been prepared or reviewed and approved by Kell Nielsen, the Company’s Vice President Exploration, a “qualified person” as defined by NI 43-101.

Competent Persons Statement

The information in this report that relates to historical estimates and exploration results is an accurate representation of the available data and studies for the Project, is based on, and fairly represents, information either compiled or reviewed by Mr. Kell Nielsen who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr. Nielsen is the Company’s Vice President Exploration. Mr .Nielsen has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr. Nielsen consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

Hudbay Drilling Disclaimer

The Hudbay CP-series intersections set out below are historical results that were previously disclosed and are re-reported in this release for geological context only. These historical results were not prepared in accordance with NI 43-101 or the JORC Code and should not be relied upon as NI 43-101- or JORC-compliant exploration results. Gladiator has not completed sufficient work to independently verify the historical drilling, sampling, analytical methods, quality assurance/quality control procedures or true widths, and the results should be considered indicative until validated by the Company’s current drilling program.

ON BEHALF OF THE BOARD

“Jason Bontempo” 
Jason Bontempo
Director and CEO

For further information please contact:
info@gladiatormetals.com
+1 778 726 3356