Golconda Gold Ltd. (TSX-V: GG) (OTCQX: GGGOF) is pleased to announce quarterly production of 3,648 ounces of gold for the second quarter of 2026 at its Galaxy Gold Mine, consistent with gold production compared to Q1 2026 and a 20% increase on Q2 2025.

The Q2 production numbers are as follow:

Golconda Gold CEO, Ravi Sood commented: “We are pleased to announce we have maintained gold production levels at Galaxy for Q2 while also focusing on required waste movement at Princeton. We expect ore tonnes to increase in the second half of 2026,⁽¹⁾ as, in late Q2, we took delivery of additional mining equipment, including one drill rig, three loaders and one dump truck, which is continuing our fleet enhancement and standardisation program. We also progressed well with infrastructure enhancements including a new engineering workshop and management and administration block.

We are also very pleased to announce that we have appointed High Desert Mining LLC as mining contractor at the Summit Mine in New Mexico, USA. High Desert has been on site since May 25 and underground establishment activities are underway with key mining equipment having been mobilised. First ore was delivered to surface on July 7, mining faces are readily accessible and we expect to begin to build a stockpile. Wet commissioning of the plant and first concentrate production is expected by the end of September. Restarting Summit is a major milestone for Golconda Gold and is expected to increase our production, revenue, and ultimately profitability while diversifying geographically and adding significant exposure to silver.” ⁽¹⁾

About Golconda Gold

Golconda Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. Golconda Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol “GG” and the OTCQX under the symbol “GGGOF”. Golconda Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Golconda Gold is committed to operating at the highest standards, focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.