Gemdale Gold drills 5.19 metres at 14.01 g/t gold within 110 metres at 1.18 g/t gold at Pontio Gold Project, Finland

Gemdale Gold Inc. [TSXV: GEMG; OTCQB: GDGIF] reported further drill results from the 2026 drill program at its 100%-owned Pontio Gold Project located in western-central Finland. This release reports on the results of nine holes from the southern (S1 and S2) Sectors of the M2 Trend at Pontio, focused mainly on the S1 Sector, as part of the 5,009-metre, 28 diamond drill hole 2026 Phase 1 program.

Highlights: Intersections from the S1 Sector continue to show wide zones of near surface, bulk tonnage style gold mineralisation, with higher-grade intervals (downhole) as follows:

HOLE PONT093: 110.00 metyres at 1.18 g/t Au from 99.08 metres, including 5.19 metres at 14.01 g/t Au from 137.90 metres, plus 9.10 metres at 0.93 g/t Au from 81.94 metres.

HOLE PONT087: 48.89m at 0.68 g/t Au from 24.70m.

HOLE PONT085 (within 98.32m of cumulative gold mineralization): 51.95m at 0.55 g/t Au from 27.49m, plus 35.08m at 0.59 g/t Au from 85.32m.

HOLE PONT086 (within 132.81m of cumulative gold mineralization): 13.50m at 0.57 g/t Au from 45.19m, plus 45.31m at 0.56 g/t Au from 120.31m.

HOLE PONT092: 27.09m at 0.72 g/t Au from 48.80m, plus 9.15m at 1.46 g/t Au from 92.07m.

HOLE PONT091 indicates the possible continuity of mineralization southwards from Sector S1 through to Sector S2 and infills a gap in drilling of 600m between Sectors S1 and S2, intersecting 14.73m at 0.86 g/t Au from 86.43m downhole.

Overall, the results significantly extend the width of the S1 Sector of the M2 Trend. The mineralized diorite porphyry, host to the subcropping gold mineralization, is now more than 140 metres in estimated true width on some profiles.

The deposit remains completely open at depth with an average drill depth of less than 100 metres to date along the 4km of mineralized strike extent.

Toby Strauss, President and CEO, commented: “We are delighted with this next set of results, from the southern Sectors of the M2 Trend at Pontio. PONT093 returned our best ever intersection in terms of length and grade, including a section of much higher grade mineralisation at grades rarely observed to date at Pontio.

“These results not only can lift the average grade, but have also substantially increased the thickness of the mineralised porphyry body in the S1 Sector. While we still have a few drill results remaining to report from our H1 2026 program, we also now look forward to the H2 program, starting later in August, which will include further testing in the newly recognized area of the known higher grades as well as continuing to tighten the infill drilling in advance of a maiden Resource Estimate anticipated in early 2027.”

The drill results being reported in this press release are all from the southern (S1 and S2) portions of the M2 Trend, which occur over a known strike length of approximately 1.7km. The hosts to mineralization in the S1 and S2 Sectors are predominantly dioritic porphyries, as opposed to the northern areas of the M2 Trend where the host rocks are predominantly older equigranular diorite dykes. Both the diorites and the dioritic porphyries are mineralized.

PONT085 was drilled on a profile at the northern end of the S1 Sector. The hole was drilled eastwards into the main body of the S1 porphyry as a scissor hole to holes BELANP024 and PONT023, both of which intersected shallow mineralization, but due to their short lengths had failed to delineate the western margin of the porphyry body on this profile.

PONT085 intersected a number of mineralized zones throughout the length of the drillhole (206.6m). These intersects are cumulatively the mineralized zones in the porphyry approximate 98 metres of downhole intersects. This profile (including the previous holes) now has a true thickness of over 120 metres.

PONT086 was drilled westwards on a profile 100 metres south of PONT085, infilling a 200-metre gap between profiles. PONT086 intersected numerous mineralized zones with cumulative downhole thicknesses of 132 metres. A scissor hole (PONT096) was also drilled on this profile and the results remain pending. The true thickness of the porphyry intrusion on this profile is in excess of 150 metres.

PONT087 and PONT093 infilled a 200-metre gap in the profiles in the central portion of the S1 Sector. Both holes intersected good thicknesses of mineralized porphyry with PONT087 intersecting 48.89 metres at 0.68 g/t Au from 24.70 metres downhole. PONT093 returned the single best intersection from Pontio to date with 110.00 metres at 1.18 g/t Au from 99.08 metres downhole. This included three contiguous samples each over 10 g/t Au, which composited at 5.19 metres at14.01 g/t Au from 137.90 metres.

This high-grade area confirms the observation of visible gold previously reported and is approximately 100 metres north of the other occurrence of visible gold observed in PONT057 (which included 17.93m at 2.83 g/t Au including 0.97m at 31.1 g/t Au). There is now the intriguing possibility that this area represents a higher grade portion of the mineralization, which will need to be tested by drilling. A shallower zone was also intersected in PONT093, which takes the true thickness of the mineralized porphyry on this profile to over 145 metres.

PONT088 and PONT092 were drilled on a profile 100 metres south of PONT057 into a narrow portion at the southern end of the S1 porphyry, infilling a gap of 200 metres between profiles. PONT088 was drilled to test for further porphyries to the west but failed to intersect any porphyry. PONT092 intersected 27.09 metres at 0.72 g/t Au from 48.80 metres, plus 9.15 metres at 1.46 g/t Au from 92.07 metres downhole.

Prior to this phase of drilling the southernmost drillhole to intersect the S1 sector mineralization was PONT059, with an 800-metre gap southwards to PONT067 and the intersection of the S2 Sector. PONT062 (200m south from PONT059) had intersected weakly mineralised porphyry, although it is unclear if this is the main M2 Trend porphyry. Three holes in this recent phase of drilling were drilled south of S1 (PONT090 and PONT091) and down into S2 (PONT089).

PONT090 and PONT091 were drilled on a profile 200m north of the PONT067 profile. PONT091 intersected 14.73 metres at 0.86 g/t Au from 86.43 metres downhole. This confirms that the gap between S1 and S2 Sectors does contain mineralized porphyry and thus has the potential to host further mineralization, that potentially connects the two sectors.

PONT089 was drilled beneath PONT067, and intersected 6.10 metres at 0.82 g/t Au in mineralized diorite (as opposed to porphyry in PONT067). Further drilling with a scissor hole is needed in this profile to better understand the geology and mineralization. No holes exist to the south of this profile for 600 metres, so mineralization remains open along strike to the south, and this is also a target for future drilling.

The S1 Sector now has a total 19 drillholes along approximately 100-metre spaced profiles, with most profiles having two to four drillholes. Not all results from the S1 Sector have been received. Table 1 Significant drill intersections from the southern Sectors of the M2 Trend. Intersection lengths are downhole lengths, Bulk intersections are reported at a cutoff grade of 0.3 g/t gold with 10 metres internal dilution. True widths are estimated as 65-85% of downhole intersect length. Holes not included intersected no significant gold mineralization greater than the cutoff or a grade thickness greater than 5. Newly reported drillholes marked with an asterisk.

The S1 Sector has now largely been drilled on 100-metre profiles and the drilling has been successful in extending and widening the mineralization in the S1 Sector, as well as potentially raising the average grade of this part of the deposit, bringing it in line with bulk grades seen in the N1 and N2 Sectors of the M2 Trend. The S1 Sector has been considerably widened by this phase of drilling (with three holes remaining to receive results), with true thicknesses of mineralised porphyry now well into the 120-150-metre range.

The extension of the mineralization south of the S1 Sector is also very interesting, and although drilling in this area remains sparse, the results continue to support the idea that further mineralization may be found in this 800m gap between S1 and S2 Sectors. Furthermore, the additional intersection in the S2 Sector suggests that mineralisation continues, with the southward strike extension remaining open.

All drilling in the southern Sectors, as with the N1 and N2 Sectors, remains relatively shallow and, given the general steep dipping nature of the host rocks, mineralisation remains open to depth.

The Pontio Gold Project lies in western-central Finland, in an historical mining district featuring extremely good infrastructure, including paved roads, power and rail lines within a few kilometres. A highly skilled labour force and a high level of local services are available, including port access, smelters and refineries. Despite a long history of base metals mining gold exploration in the area is still in its infancy; Pontio was only discovered in 2011 when the area’s first gold mine (Laiva, some 45 km to the NW) was being commissioned.

Gold mineralization has so far been outlined by drilling over a 4km strike length along the M2 Trend; mineralization subcrops just beneath the surface, covered by a thin layer of soil, sand and gravel, and extends to at least 150m vertical and ranges from 20->150 metres in estimated true thickness. Gold mineralisation is mainly hosted in subvertical diorite and diorite porphyry dykes intruding gneissic metasediments that occur along a NNW trending mineralised corridor.

The M2 Trend is one of a number of identified potential gold bearing structures with the others, such as the M1, M2.5 and M3 Trends yet to have significant exploration along their lengths. The M2 Trend mineralization can be subdivided into several zones or Sectors labelled N1, N2, S1 and S2.

Gold mineralization is typically fine-grained and associated with disseminated chalcopyrite and pyrrhotite in generally weakly sheared and variably potassic altered intrusive rocks. Alteration is in the form of biotite amphibole and potassium felspar. Unusually for the area there is no particular association with quartz veining and arsenopyrite mineralization. Rarely, molybdenum is noted with quartz veining. Mineralization postdates peak metamorphism and is intimately associated with the late intrusive diorite porphyries which are younger than the diorite dykes. The deposit is enigmatic in style but has affinities with the roots of a deep level porphyry system or a disseminated orogenic style of gold mineralization.

The drill program was contracted to Nivalan Timantikairaus Oy (NTKOY). Drilling was completed with an Atlas Copco CS1000 rig drilling HQ3 sized core. The drill program started in January 2026 and was completed in May 2026.

Drill core is logged and sampled in a secure core storage facility located in Ylivieska, Finland.

Gemdale Gold Inc. owns a portfolio of highly prospective exploration licenses in Finland and is focused on making significant new gold and critical metal discoveries on these properties. The company has been active in Finland since 2018. The company’s 100%-owned projects include the Pontio Gold Project (western-central Finland): Historical and recent drilling has outlined near-surface gold mineralization along a multi-kilometre trend that remains open along strike and at depth. The Company started an infill and extension drill program in February, 2026, and, based on this programme, plans to deliver a maiden mineral resource estimate in early 2027.

Isoneva (western-central Finland): Exploration stage gold project located proximal to extensive boulder train anomalies. The property is subject to an option agreement (the Isoneva Option) with Nordique Resources Inc. under Nordique may earn a 100% interest by, among other things, funding exploration expenditures over three years and making additional financial commitments to the company.

Lapland Projects (northern Finland): A group of exploration permits and applications located within a recognised gold and base-metal exploration region, in proximity to several recent regional discoveries, including Rupert Resources’ Ikkari gold project.

Nuotti (western-central Finland): Copper-nickel-platinum-palladium exploration license where limited historical government drilling indicates the presence of near-surface copper-PGM mineralization.

Savo/Rantasalmi (southeastern Finland): Exploration license application area containing a historical NI 43-101 Inferred resource estimate prepared by a prior operator of 3.23 million tonnes grading 2.7 g/t gold for approximately 276,000 ounces of gold.

In November 2018, Rupert Resources Ltd, released an NI 43-101 Mineral Resource Estimate completed by Brian Wolfe (Qualified Person) of International Resource Solution Pty Ltd. The NI 43-101 Technical Report was filed by Rupert Resources Ltd on SEDAR on November 9, 2018. No new data subsequent to an earlier 2011 estimate was included in this study. This study used Multiple Indicator Kriging (MIK) for the estimation of grade into the block model. This study assumed a combined open pit and underground mining operation, recoveries of 85-90% and a gold price of EUR 1,200/oz (current gold price ~EUR 4240/oz). The use of MIK as an estimation method, along with the requirements of a greater degree of confidence in the geological continuity for underground mining, were given as the reasons for the assigned lower resource category of Inferred Resources compared to the 2011 Resource Estimate. The Resource Estimate was reported at a cut-off grade of 1.5 g/t Au.

The Osikonmäki Inferred Mineral Resource Estimate for Rupert Resources Ltd. (2018) stands at 3,230,000 tonnes grading 2.7 g/t gold at a cut-off grade of 1.5 g/t gold for 275,000 oz gold.

 The company is not aware of any further drilling or sampling being conducted on the property since this historical estimate was completed. Gemdale Gold Inc is not treating this historical estimate as a current resource estimate.

Gemdale Gold believes that further drilling is not required to verify or upgrade these historical resources to a current Mineral Resource Estimate, but that it is necessary for a Qualified Person to review the assumptions and methodology used for the estimation.