Announcement • Aug 20

Soma Gold Corp Reports First Drill Hole And Underground Channel Sampling Results At Escondida Project

Soma Gold Corp. announced the results of the first drill hole and new underground channel sampling at the Escondida Project in Antioquia, Colombia. The ongoing drill program on the Escondida Vein is designed to determine the extent and tenor of gold mineralization beyond the mine's current footprint. Highlights include the following drill intercept: EZDDH-26-001: 4.25 g/t Au over 1.85 m, including 12.10 g/t Au over 0.65 m. Underground channel samples from the Escondida Mine include: CHU600005: 15.40 g/t Au over 1.0 m, including 38.22 g/t Au over 0.40 m; CHU600006: 16.61 g/t Au over 1.0 m, including 36.72 g/t Au over 0.45 m; CHU600008: 19.24 g/t Au over 1.0 m, including 38.26 g/t Au over 0.5 m. EZDDH-26-001 was targeted to intercept the Escondida Vein 25 m northeast of the current mine workings at a depth of 100 m below surface or approximately level 10. The drill hole intersected a 2.7 m-wide fault zone overprinted by strong clay alteration and a 0.65 m-wide quartz vein hosted in a granodiorite to diorite intrusive body. The quartz vein and associated clay alteration are similar in style to the veins and alteration observed in the mine. The interval has a composite grade of 4.25 g/t Au over 1.85 m, including 12.10 g/t Au over 0.65 m. The alteration package was not mineralized in this drill hole, but underground assays indicate it is variably mineralized elsewhere in the mine. Table 1: Composited drill hole assay results from the Escondida Project: Hole ID EZDDH-26-001, From 169.8 m, To 172 m, Length 1.85 m, True Width 1.55 m, Au 4.25 g/t; incl. From 171 m, To 172 m, Length 0.65 m, True Width 0.55 m, Au 12.10 g/t. EZDDH-26-002 was drilled to pierce the vein 50 m down-dip of EZDDH-26-001. However, drilling difficulties were encountered 25 m above the expected target depth, and the drill hole was lost. EZDDH-26-003 was completed recently and intersected the fault and quartz vein 50 m down-dip and 65 m southwest of the EZDDH-26-001 vein intercept. The core from EZDDH-26-003 has been processed and shipped to Actlabs Medellín, and results are pending. EZDDH-26-004 has been collared to complete the pierce point that was targeted by the second drill hole. Underground sampling has also progressed at the Escondida Mine, as the mining team has worked to dewater the lowest reaches of the decline and rehabilitate the historical workings to ensure safe access. A total of 29 channels comprising 81 samples were collected from mine workings completed after the historical 2022 underground sampling program. The composited results are presented in Table 2. Samples returned grades up to 38.36 g/t Au. Composites of the channel samples grade up to 19.24 g/t Au across the width of the vein. The true thickness of the vein ranges from approximately 0.40 m to 0.65 m and forms within a fault zone that is up to 3.0 m true thickness in some parts of the mine. The Company is encouraged to see the presence of high-grade channel samples in adits that were previously flooded below level 10. The La Escondida Vein has been traced for 800 m along strike to the northeast and approximately 135 m down-dip, dipping steeply at 70° to 80° to the northwest. The operator mined 200 m of strike length to a vertical depth of 105 m, developing the mine on 5 m levels, most of which have been backfilled. The vein style, alteration, and sulphide mineralization are consistent with an intermediate sulphidation epithermal system, hosted in a competent granodiorite to diorite intrusive body. The channel samples are laid out perpendicular to the structure or vein in the ribs and face of the adit. The stated width is approximately 95% to 100% of the true width. The vein geometry, known strike length, and gold tenor of current production suggest that the Escondida Vein has the potential to host a significant quantity of gold. The combined Phase 1 and 2 drill programs planned for 2026 are expected to rapidly define the strike and down-dip extent of the vein and establish an NI 43-101-compliant mineral resource beyond the current footprint of the mine.

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Soma Gold Corp Reports First Drill Hole And Underground Channel Sampling Results At Escondida Project

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