Announcement • Jun 09
Soma Gold Corp. announced that it expects to receive CAD 7.5 million in funding Soma Gold Corp. announced a non-brokered private placement under LIFE offering of 10,000,000 Common Shares of the company at an issue price of CAD 0.75 for gross proceeds of CAD 7,500,000 on June 9, 2026. Completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the conditional approval of the TSX Venture Exchange. The Company may pay fees in accordance with the policies of the Exchange consisting of: (i) a cash commission equal to up to 7% of the gross proceeds of the offering; and (ii) non-transferable broker warrants equal to up to 7% of the number of Shares sold under the offering. Each Broker Warrant will entitle the holder to acquire one Share at an exercise price of CAD 1.10 per Share for a period of 24 months from the closing date. The offering is scheduled to close on or about June 19, 2026, or such other date as the Company may determine. Announcement • May 29
Soma Gold Corp. Commences Maiden Drill Program At Escondida Project Soma Gold Corp. had mobilized a drill rig to the Escondida Project in Antioquia, Colombia. La Escondida Mine is a small-scale mine that has been producing mineralized material since 2013. Soma acquired the mine and its associated title in July 2025. This is the maiden drill program on the Escondida Vein and will determine the extent and tenor of gold mineralization beyond the current footprint of the mine. The Phase 1 drill program comprises 21 drill holes for a total of 2,790 m of drilling. The initial drill holes will test the continuity of the mineralized zone near the known mine workings with 50 m step-outs along strike and down-dip. Subsequent drill holes will test the extent of the vein along strike up to 500 m northeast of the mine workings. The deepest drill holes will test the extent of the Escondida Vein 250 m below the deepest mine level, approximately 425 m down-dip from the surface exposure of the vein. If Phase 1 drilling confirms the continuity of the Escondida Vein, its associated clay alteration, and gold mineralization, a Phase 2 drill program will be initiated for an additional 3,165 m. This next phase will focus on 50 m-spaced infill drill holes below the current mine workings, with the intention of developing a spatially constrained NI 43-101 mineral resource estimate and an updated PTO to continue small-scale, conventional mining at the Escondida Mine. Production from the mine will feed the El Bagre or El Limón mill complexes while exploration drilling continues to evaluate the full potential of the Escondida Vein. The La Escondida Vein has been traced for 800 m along strike to the northeast and approximately 135 m down-dip, dipping steeply at 70o to 80o 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 mine currently produces 10-20 tons per day at a diluted grade of approximately 9.0 g/t Au, which represents the full capacity of the on-site mill. The vein is 15-50 cm thick and is accompanied by a 1.0-3.0 m wide clay alteration package that is also variably mineralized. The vein style, alteration, and sulphide mineralization are consistent with an intermediate sulphidation epithermal system, hosted in competent intermediate to felsic to intermediate intrusive rock. 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 a NI 43-101 compliant mineral resource beyond the current mine footprint. Escondida Vein is one of at least six veins identified on the property through illegal surface workings and prospecting. La Escondida Mine is a formally permitted small-scale operation, holding a PTO, environmental permit, and explosives permit. The mine is developed on the main Escondida Vein via two internal winzes and has a small on-site mill. The property is accessible via a gravel road from Zaragosa or Cáceres, Colombia, is suitable for truck traffic, and is approximately 1.5 hours from the El Limón Mill in Zaragosa. In addition to the Escondida drill program described above, the Company continues to actively explore across its Colombian tenement package. At the Cordero Deposit, two surface drill rigs are testing exploration targets down-dip of the Cordero, Atenas, and Cordero Viejo zones, while two underground drill rigs in the Cordero Mine are focused on infill drilling to support mine planning and operations. Regional exploration teams are also conducting surface geochemistry sampling programs at the El Bagre and Machuca projects. Recent Insider Transactions Derivative • May 11
President exercised options to buy CA$324k worth of stock. On the 8th of May, Christopher Hampson exercised options to buy 300k shares at a strike price of around CA$0.32, costing a total of CA$96k. This transaction amounted to 29% of their direct individual holding at the time of the trade. Since June 2025, Christopher's direct individual holding has increased from 1.05m shares to 1.35m. Company insiders have collectively sold CA$901k more than they bought, via options and on-market transactions in the last 12 months. 
