Announcement • 4h
Legacy Gold Mines Advances Core Drilling to Undrilled Northwest Zone At the Baner Gold Mine Property and Targets Rc Drilling for July Start Legacy Gold Mines Ltd. reported that, following completion of a key set of core holes at the Main Zone on the Baner Gold Mine Property in Idaho County, Idaho, USA, the Company is advancing core drilling to the undrilled Northwest Zone. The Company’s 2026 permits and approvals provide for drilling from 13 new pads across the Baner Property, including pads in key target areas of the Northwest Zone. Under its 2026 40,000-foot exploration plan for the Baner Property, Legacy Gold intends to strategically core drill the first 12,000 feet (3,658 meters) and then use reverse circulation to drill the remaining 28,000 feet (8,536 meters). This program follows up on the successful 2025 results by targeting the Main and Northeast Zones, as well as new exploration targets to the Northwest indicated by large gold-in-soil anomalies coincident with geophysical conductors and similar magnetic highs as are in the Main Zone. The Northwest Zone contains gold-in-soil values greater than 1 g/t gold and includes 1,700-meter and 530-meter gold-in-soil anomalies. With the key core holes in the Main Zone nearing completion, the objective is to extend mineralization into this previously undrilled Northwest Zone. Meanwhile, the second core drill will complete the remaining holes in and around the Main Zone as the company prepares for the planned start of RC drilling in July and continues advancing parallel technical work and projects relevant to visualization of potential future production scenarios. Drilling in 2025 intersected very wide zones such as new assays of 0.55 g/t Au over 187.5m (615ft) in the middle, 0.52 g/t Au over 108.2m (355ft) in the south, and new assays of 0.57 g/t Au over 64.0m (210ft) in the north. The deposit remains open in all directions. Drilling in 2026 will primarily drill up-hill from the drilling to date in the Main Zone to follow the interpreted flatter east-dipping veins to surface. On the south end of the north-south Main Zone are the Baner Zones. They are east-west trending and have up to 20 historical adits and shafts along them for 3,000ft. Thirty-five holes are planned in this area (7 core holes and 28 RC holes). The NE Zone is separated by a 400m undrilled gap from the Main Zone. It has limited drilling from 2020 by previous operators but contains multiple mineralized zones of similar grades/widths like the Main Zone. Together with the Main Zone, these are the areas that the initial exploration target at the Baner Property is based on and which Legacy Gold is aggressively drilling in 2026 in order to delineate a mineral resource. Ten holes are planned in this NE zone (2 core holes and 8 RC holes). The NW Zone is located 1700m NW of the Main Zone along similar geophysical and geochemical anomalies as the Main Zone. Similar magnetic highs, IP conductors and high gold-in-soil anomalies (up to 1.0 g/t gold) are located along this NW trend, as is found at the Main Zone, yet it has never been drilled. The closest drill hole is the step-out hole #6 drilled in 2025 that returned a continuous intersection of 0.57 g/t Au over 64.0m (210ft) from surface. It was located approximately 136m northwest of the other nearest drilling. Another zone that will be drilled is located to the west and is identified by a 530m long north-south soil anomaly with a high of 1.1 g/t. Altogether, six holes are planned in the NW zone (4 core holes and 2 RC holes). The 2025 surface drill program at the Baner Property focused on testing for continuity of high-grade and wide low-grade zones of mineralization with a new flatter-dipping interpretation of zones controlled by major structures that acted as conduits for gold bearing fluids. This would result in better continuity of mineralization, the potential resource can be far greater, and the strip ratio in a production scenario would be greatly decreased. The Company is targeting high grade mineralization that is amenable to open pit, heap-leach development. Results from the recent 2025 drilling and previous drilling and exploration have supported the initial exploration target at the Baner Property of approximately 50.3 million to 55.3 million tonnes, at average grades ranging from approximately 0.72 g/t Au to 0.91 g/t Au. Furthermore, this initial Exploration Target was estimated prior to the receipt of the new assays reported by the Company in March 2026, which represent approximately 30% of the 2025 drill program. The potential quantity and grades of the Exploration Target are conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain whether further exploration will result in the target being delineated as a mineral resource. The Exploration Target does not represent a mineral resource estimate and has not been prepared in accordance with NI 43-101 mineral resource categories. This initial Exploration Target was estimated before the new assays reported by the Company in March 2026 were received. It is limited to 1,000m for the Main Zone (plus 500m at Baner Mine trend), and 370m for the NW Zone within 1,370m of the Orogrande structure. The initial Exploration Target excludes the adjacent soil anomalies along strike which indicate significant room to grow. This preliminary target also excludes other targets on the Baner Property that have overlapping geophysical magnetic and conductor/soil/structural anomalies similar to where the drilling has taken place to date. Recent Insider Transactions • May 22
Executive Chairman & CEO recently bought CA$83k worth of stock On the 20th of May, Brian Hinchcliffe bought around 70k shares on-market at roughly CA$1.17 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$159k. Brian has been a buyer over the last 12 months, purchasing a net total of CA$344k worth in shares. Recent Insider Transactions • Apr 28
Executive Chairman & CEO recently bought CA$159k worth of stock On the 21st of April, Brian Hinchcliffe bought around 199k shares on-market at roughly CA$0.80 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Brian has been a buyer over the last 12 months, purchasing a net total of CA$184k worth in shares. New Risk • Apr 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 132% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 102% per year over the past 5 years. Shareholders have been substantially diluted in the past year (132% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$46.7m market cap, or US$34.1m). Announcement • Apr 16
Legacy Gold Mines Ltd. announced that it has received CAD 10 million in funding On April 16, 2026, Legacy Gold Mines Ltd closed the transaction. The Private Placement remains subject to final acceptance of the TSX Venture Exchange (the "TSXV"). In connection with the Private Placement, the Company has agreed to pay finder's fees equal to 6% in cash to the following arm's length parties: (i) Haywood Securities Inc. (CAD 44,100); and (ii) Research Capital Corporation (CAD 900), in respect of subscriptions introduced by them. In addition, the Company has agreed to issue 825,490 Common Shares to John Tumazos of Florida, representing 3% of the Common Shares sold under the Private Placement to subscribers introduced by him. Announcement • Feb 23
Legacy Gold Mines Ltd. announced that it expects to receive CAD 3.999 million in funding Legacy Gold Mines Ltd. announced a non-brokered private placement of 13,330,000 Common Shares of the company at a price per share of CAD 0.30 for gross proceeds of CAD 3,999,000 on February 23, 2026. The transaction is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the private placement will be subject to a four-month hold period, in accordance with applicable securities laws. The Company may pay a commission or finder's fee to eligible parties in connection with the private placement, subject to the approval of the Exchange and compliance with applicable securities laws. 