1911 Gold Corporation has intersected high-grade gold mineralization in underground resource expansion drilling at the True North Gold Project in southeast Manitoba, returning highlights including 50.61 grams per tonne gold over 1.60 metres.

The latest campaign comprised eight diamond drill holes totaling 2,955 metres from Level 16, situated 720 metres below surface. The drilling targeted the structural link between the L10 Zone and the larger 710-711 Zone, with all eight holes confirming extensions of gold mineralization outside the 2024 mineral resource estimate.

Drill hole UG16-26-076 intersected 50.61 g/t gold over 1.60 metres from a downhole depth of 219.20 metres, including 65.80 g/t gold over 1.00 metre. Hole UG16-26-072 returned 10.73 g/t gold over 8.90 metres from 245.30 metres downhole, including 16.12 g/t gold over 5.40 metres and 49.50 g/t gold over 0.80 metres. Additional intercepts include hole UG16-26-074, which intersected 8.72 g/t gold over 1.70 metres, and hole UG16-26-068, which returned 3.58 g/t gold over 3.60 metres.

The company has completed 20 holes spanning 6,563 metres on the L10 resource expansion program, with 11 holes confirming the complex link. Additional assay results from True North remain pending.

Over the last two years, our exploration program has systematically tested the true size potential of the True North mine lease area, beginning with surface drilling that led to several new discoveries. The high-grade results reported today, highlighted by 50.61 g/t Au over 1.60 m, confirm a critical connection between L10 and the much larger 710-711 Zone, delivering exactly the kind of upside we were targeting, and will be incorporated into our fall resource estimate.

— Shaun Heinrichs, President and CEO

Data from the underground drilling program will be incorporated into a global mineral resource estimate scheduled for release in the fourth quarter of 2026. The company is advancing plans to combine this updated True North resource estimate with the Ogama-Rockland Gold Project, located approximately 45 kilometres away, to support an updated and expanded preliminary economic assessment.

Alongside the drilling update, 1911 Gold reported an amendment to its loan agreement with Auramet International, Inc., effective September 4, 2026. The amendment extends the availability period for the Tranche 2 drawdown to December 4, 2026, and introduces an additional condition precedent requiring an agreed and fully funded cost to completion estimate for the project.

Read the full announcement: 1911 Gold Intersects Significant Grades at L10 Zone, Including 10.73 g/t Au over 8.90 m and 50.61 g/t Au over 1.60 m, and Confirms Link to Larger 710-711 Zone at True North