Announcement • Jul 02
Labrador Gold Corp. Provides Exploration Updates At Mariposa and Eureka Dome Projects Labrador Gold Corp. announced that its exploration programs for the Mariposa and Eureka Dome projects are under way. The Company has closed the first tranche of the Option Agreement dated May 8, 2026 with Pacific Ridge Exploration Limited by making a $100,000 cash option payment and issuing 800,000 common shares to Pacific Ridge. The shares issued are subject to a resale restriction expiring on October 30, 2026. Soil sampling has been completed on Eureka Dome and the first stage of soil sampling has been completed at Mariposa with 1,966 samples collected to date. At Mariposa ridge and spur sampling in the south, west and northern potions of the property have been completed, and a start has been made on the Alberta Creek Grid extension. All samples have been sent to Bureau Veritas for analysis by ICP-ES/MS following a modified aqua regia digestion (Code AQ201). The airborne magnetic/radiometric survey has been delayed due to weather and will begin once conditions improve. The 16,000 ha Mariposa project consists of 795 claims situated in the White Gold District and is 40 kilometres southeast of the White Gold Project (Indicated resources of 1.73 Moz Gold at 1.53g/t and inferred resources of 1.27 Moz Gold at 1.22g/t) and 30 kilometres east-northeast of Fuerte's Coffee gold project (Measured and Indicated resources of 2.96 Moz at 1.15g/t and Inferred resources of 0.8 Moz at 1.17g/t). Mariposa shares many geological similarities to both the Golden Saddle (part of the White Gold Project) and Coffee gold deposits including host lithologies, mineralization style and structural control. The age of gold mineralization at Mariposa (~155Ma) is consistent with that at Golden Saddle (163.5 to 155.5 Ma) and other prospects in the district, indicating that the mineralization is associated with a widespread orogenic gold event. The property occurs at the headwaters of significant placer gold producing creeks with historic placer production of 73,000 oz from Scroggie Creek indicative of significant bedrock gold mineralization yet to be fully defined. Six significant gold occurrences have been delineated by over 13,000 soil samples to date, including the most advanced Skookum Main and Skookum West prospects. Drilling at Skookum Main in 2011 intersected 1.51g/t Au over 81.5m from 24.5m including 2.44g/t Au over 38.9m from 29.1m. Trenching at Skookum west returned 1.40g/t Au over 40m including 1.83g/t Au over 20m in SWTR12-11. New Risk • Mar 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.6m (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.6m market cap, or US$9.90m). Board Change • Mar 12
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Kevin Ramsay was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. 
