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 • May 11
Senior Officer of Issuer recently bought CA$55k worth of stock On the 6th of May, Julian Storz bought around 50k shares on-market at roughly CA$1.10 per share. This transaction increased Julian's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$1.5m more in shares than they bought in the last 12 months. 
