Announcement • May 20
Blossom Gold Nevada Inc Files Notice Of Intent With The Bureau Of Land Management To Initiate Exploration Drilling On The Kamma Claims West Of The Rosebud Project Blossom Gold Inc., through its wholly owned subsidiary Blossom Gold (Nevada) Inc., has filed a Notice of Intent ("NOI") with the U.S. Bureau of Land Management ("BLM") for exploration activities on the Company's Kamma Claims west of the Rosebud Project ("Rosebud" or the "Project") in Pershing County, Nevada. The BLM review and approval process is expected to take between 15 and 30 days. Blossom has completed initial geologic mapping and surface outcrop sampling and has collected magnetic and gravity measurements from recently conducted airborne geophysical survey. Blossom is in the process of securing an additional drill rig for further exploration of the Kamma Claims. Under the NOI, Blossom plans to conduct follow-up reverse circulation ("RC") drilling, beginning with eight drill site locations representing a disturbance of less than one acre. Pending the expected approval of the NOI, the Company will continue surface exploration and initiate the necessary work on access and drill pad construction while working to secure the RC rig and targeting the commencement as soon as possible but no later than Third Quarter 2026. The Kamma Claims are 100%-owned by Blossom Gold and occupy a graben setting closely analogous to the Rosebud Claim Block. The claims host the most significant historic placer production in the area and yet have seen little modern exploration, representing meaningful upside optionality for a new discovery outside the Rosebud Project. Work completed to date suggests the Kamma Claims are prospective for hosting potential primary structures that provide the plumbing for mineralization to the adjacent Hycroft Mine, including the Vortex silver discovery, which is among the most promising high-grade silver systems in the region. Blossom Gold’s three unpatented claim blocks totaling ~1809 acres surrounded by Hycroft claims. The 2026 Kamma Claims two-year exploration budget includes the geologic mapping and geophysics already completed, the initial RC drilling campaign contemplated under the NOI and follow up programs and drilling contingent on success, all of which were part of the Company's 24-month budget. Blossom is well-funded to complete all stated programs. Initial field investigations confirmed the presence of previously unmapped outcrops of intensely silicified and hematized volcaniclastic conglomerate interbedded with fine-grained felsic tuff along the western side of the claim. These rocks are consistent with a stratigraphic position in the Badger Formation which places the Kamma Claims within the volcanic package that hosts gold and silver mineralization at Hycroft and Rosebud. The eastern boundary of the Kamma Claims hosts a range bounding fault that juxtaposes rhyolite tuff against alluvium. Given the presence of bedrock outcrops on the east and west sides of the Kamma Claims, the sedimentary cover in the area is not excessively thick. Drilling will target aeromagnetic anomalies that are inferred to represent geologic structures that may have served as conduits for mineralizing hydrothermal fluids. Geochemical investigations of drilled material will be used to quantitatively determine the style and intensity of hydrothermal alteration and allow for vectoring towards alteration most likely to host gold and silver mineralization. New Risk • May 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$37m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$37m free cash flow). Revenue is less than US$1m. Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$13m net loss in 3 years). 
