New Risk • Mar 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.17m market cap, or US$4.50m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Announcement • Jan 08
Stellar Africagold Inc. Updates Drilling Activities At the Tichka Est Gold Project, Morocco Stellar AfricaGold Inc. provided the following update on the exploration and drilling program at Tichka Est Gold Project in the High Atlas of Morocco. Summary of drilling progress to December 12, 2025: 8 diamond drill holes completed, totaling 1,311.9 Metres. Average drilling rate of 11 meters per operating day. Since December 12, 2025, drilling operations have been suspended due to exceptional inclement weather conditions, including heavy rains and repeated snowfalls in the area of the project. Status of drill holes: 5 drill holes have been fully sampled and assayed, including TCK1 (See news release October 2, 2025 for details of TCK1 assay results), which intersected multiple gold-bearing intervals (13 meters of 6.12 g/t Au including 2 meters of 22.28 g/t Au, and16 meters of 1.98 g/t Au including 1 meter of 11.55 g/t Au). Assay results are being reviewed and analyzed. 1 drill hole has been sampled and is currently at Afrilab, an ISO-certified laboratory in Marrakech, for analysis. Cores from 2 drill holes are pending transport from Tichka Est project site to Afrilab for analysis. 2 final drill holes remain to be drilled which will complete the planned 1,500 meters drill program. All pending assays results will be released once they are received, validated, compiled, analyzed and integrated into the geological working model. About the weather-related delay. Notwithstanding the 2,500 meters elevation of the Tichka Est Gold Project, these adverse weather conditions over this length of time are relatively unusual events for this area of Morocco. However, the significant rains and snow have impaired access to the Tichka Est project site and infrastructure, specifically: Access roads to the drill site have been degraded and rendered impassable interrupting safe access for personnel, equipment and water supplies, and support logistics. Despite the diligent and ongoing efforts by the Stellar field team to rehabilitate and stabilize the road network during this period, progress has been repeatedly interrupted by new episodes of rain and snow, leading to additional closures of key access routes. Stellar's priority remains the safety of personnel and the integrity of equipment. The Company continues to monitor conditions closely and will resume drilling operations as soon as weather conditions improve, and safe access and operations is assured. Over the coming weeks, the Company will: 1. Resume drilling as soon as weather permits and access roads have been rehabilitated., 2. Continue the integration of all drill assays and structural measurements, and 3.4. Prioritize targets for the next drill campaign. Announcement • Nov 17
Stellar AfricaGold Inc., Annual General Meeting, Jan 20, 2026 Stellar AfricaGold Inc., Annual General Meeting, Jan 20, 2026. 
