Announcement • Jun 11

Crossroads Gold Corp. Commences 2026 Exploration Program at Pambula Gold Project and Reports Initial Gold-In-Soil Assay Results

Crossroads Gold Corp. commenced its maiden 2026 field exploration program at the Pambula Gold Project in southeastern New South Wales, Australia. The company reported initial assay results from recent soil sampling completed at Pambula. Initial results from 110 soil samples returned assays of up to 24.6 g/t Au, with five samples exceeding 1.0 g/t Au. Geological mapping, ground checking and systematic soil sampling are underway. High resolution LiDAR survey commissioned to refine structural interpretation and identify historic workings. Current exploration activities include ongoing geological mapping to better define mineralised structures and historical workings, systematic soil sampling to extend and refine gold-in-soil anomalies, a commissioned LiDAR survey to improve structural interpretation and target definition, and integration of historical drilling data with new mapping and geochemical results. Select historical drill highlights being used to support target generation include 4 m @ 11.82 g/t Au from 21 m depth in PH-P1, 5 m @ 7.20 g/t Au from 99 m depth in DDH-P7, 6 m @ 5.13 g/t Au from 33 m depth in PRC13, and 2 m @ 33.05 g/t Au from 26 m depth in PRC32. These results, together with the newly identified gold-in-soil anomalies and mapped historical workings, provide a strong technical basis for advancing toward high-quality drill targets and assessing the potential for multiple high-grade ore shoots across the Pambula Goldfield. Seven of the 32 historical drill holes intersected old workings, including hole PRC13 listed above. The company has completed an initial soil sampling campaign comprising 110 samples, all of which have now been assayed for gold. A further 130 samples were submitted for gold assay within the past week. The program may continue to grow as additional historic gold workings are identified. Historical soil sampling across the Pambula Goldfield was limited in scope and did not include gold assays, instead focusing on only a small number of elements such as mercury, zinc and lead. The company’s current work represents the first systematic effort to evaluate Pambula using modern gold geochemistry alongside a broader base metals suite. Previous scout drilling conducted by Homestake Australia P/L in the mid-1980s identified significant gold mineralisation, and the company intends to follow up this work as soon as possible. Most drilling focused on the Pilot Fissure, although a single drill hole on the Eastern Fissure also returned a significant result (hole PRC32). The main part of the Pambula Goldfield contains four recognised fissures, or fault zones, that host the primary gold mineralisation. These structures were mined in the late 1890s and early 1900s and produced more than 40,000 ounces of gold from high-grade ore. The westernmost structure, the Pilot Fissure, accounted for most of the goldfield’s production from the Gahan, Falkner, Victory and other mines. High-grade ore shoots comprising veins and breccias within the Pilot Fissure reached widths of up to 7.3 metres. To the east lie the Hidden Treasure, Diorite-Killaloe and Eastern Fissures. Secondary cross-cutting mineralised faults link these major structures, and many of these linking faults were also mined for high-grade vein and breccia shoots. Geological mapping and structural analysis at the Pambula Gold Project indicate that gold mineralisation is associated with a fault-controlled epithermal vein system developed within a volcanic arc to rift-margin volcanic pile. Mineralisation is hosted within a network of steep to moderately dipping quartz-carbonate-sulphide veins and breccias localised along major fault corridors, subsidiary linking structures, and reactivated basement fabrics. These structures include reverse faults, oblique ramps and steep transfer faults, which together form a complex, multi-phase deformation architecture favourable for fluid focusing and vein development. Whole-soil samples were collected from a nominal depth of 30 cm beneath the humic layer in relatively thin, skeletal soils overlying rhyolitic bedrock. Initial portable X-ray fluorescence analysis of 233 samples identified an As-Pb-Zn-Ba elemental association, a signature typical of a low-sulphidation epithermal gold system developed in rhyolite. The central part of the Pambula Goldfield, covering approximately 2 km2, will require further detailed soil sampling to establish a complete grid-based dataset. This work is ongoing. All soil samples collected from the Pambula Project were obtained as whole-soil samples from the B-horizon where possible. Samples were air-dried prior to dispatch to Onsite Laboratories in Bendigo, Victoria, Australia. At the laboratory, samples were dried, crushed, and pulverised to industry standards to ensure homogeneity prior to analysis. The company implemented a comprehensive Quality Assurance /Quality Control program that included the routine insertion of certified reference materials (standards), blank samples, and field duplicates at regular intervals within the sample stream. These QA/QC samples were inserted at a rate appropriate for early-stage geochemical programs and were used to monitor analytical accuracy, precision, and potential contamination. Laboratory internal QA/QC protocols, including repeats, blanks, and standards, were also monitored as part of the quality control process. No material QA/QC issues were identified during the review of analytical results. The company considers the sample preparation, analytical methods, and QA/QC procedures to be appropriate for soil geochemical surveys conducted at this stage of exploration.

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Crossroads Gold Corp. Commences 2026 Exploration Program at Pambula Gold Project and Reports Initial Gold-In-Soil Assay Results

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