FireFox Gold Reports High-Grade Gold Intercept of 27.48 g/t Au over 1.75m at New Target at the Sarvi Project in Lapland, FinlandSODANKYLÄ, FINLAND / ACCESS Newswire / January 21, 2026 / FireFox Gold Corp. (TSXV:FFOX)(OTCQB:FFOXF)("FireFox" or the "Company") is pleased to report the first results from 2025 drilling into a new target at the western end of the Company's 100%-held Sarvi gold project ("Sarvi") in Lapland, Finland. Drill hole 25SA003 encountered a high-grade gold zone of 1.75 metres averaging 27.48 g/t, including 0.8 metres at 53.50 g/t gold, from 73.4 metres downhole depth. The target concept for this small reconnaissance drill program was to examine interpreted regional scale structures cutting through discrete magnetic highs and magnetic gradients (transitions from highly magnetic to less magnetic rocks). As previously reported, reconnaissance drilling by the Geological Survey of Finland (GTK) nearby encountered narrow intervals of moderate gold grade (See Company news release dated November 18, 2025).Both drill holes were collared in thin glacial sediments (2 - 4 metres deep) and cut sections of mafic tuff, black shale, and sulphide facies iron formation that are believed to be part of the Porkonen Formation of the Kittilä Suite volcanic rocks. Importantly, the high-grade interval in 25SA003 was hosted in a 3.2-metre-thick sulphide-rich breccia zone, which included patchy arsenopyrite and chalcopyrite. At the top of the massive sulphide interval, FireFox geologists logged a 5-cm thick arsenopyrite vein, which was associated with the highest-grade gold (Au), silver (Ag), arsenic (As), bismuth (Bi), and tellurium (Te).Drill hole 25SA001 returned anomalous gold values associated with sulphide facies iron formation and semi-massive pyrrhotite, but no significant gold mineralization.Carl Löfberg, FireFox's CEO, commented "This is the first high-grade gold interval reported from the Sarvi project. Sarvi now joins Mustajärvi and Jeesiö as FireFox projects having samples from channel sampling or drilling with more than 10 g/t gold, as shown in Figure 1. The significance of this particular result is that our technical team has identified a key structure with high-grade gold and encouraging alteration and multi-element geochemistry, which is nearly 2 kilometres away from any of our previous drilling. While proximity to a discovery doesn't ensure similar results on our project, we are encouraged to see evidence of a high-grade gold occurrence so close to the Ikkari deposit. We look forward to assays from the remaining 3 holes in the small Sarvi campaign, and more results from the ongoing drilling at the Mustajärvi project will be coming soon."Sarvi is an early-stage exploration project that shares an 8-kilometre southern tenement boundary with Rupert Resources' Area 1 Project, which hosts the Ikkari gold deposit. There is little outcrop, but geology in the project area is believed to be dominated by Kittilä Suite volcanic rocks. This package of rocks is a key exploration target in the region, as it is known to host the gold mineralization at Agnico Eagle's Kittilä Gold Mine1, Europe's largest gold mine, which is located approximately 35 kilometres to the northwest of Sarvi.Figure 1 - Location of FireFox gold projects in Lapland and summary of select high-grade results to date. Project and Program DetailsThe Sarvi project includes the Sarvi group of permits (the central Sarvi exploration permit as well as Sarvi-2 immediately to the north and Keulakko permit adjacent to the west), plus the separate Lehto permit to the north, for a total permitted area of 26 km2. The Sarvi group covers a portion of the Kittilä Suite of volcanic rocks, which is cut by numerous breaks in the magnetics data, interpreted to be major faults and shear zones.The Geological Survey of Finland (GTK) drilled two holes with anomalous gold results in 2009. The GTK historical drilling reports for the two holes include assayed intervals of 1.6 metres averaging 1.1 g/t Au from 26.4 metres depth (drill hole M371209R5) and 0.5 metres averaging 3.57 g/t Au from 69.5 metres depth (drill hole M371209R8). Firefox considers these historical results, geological reports and assay data to be credible; however, as the work was completed by prior operators and the reports have not been independently verified by the Company's Qualified Person, FireFox is unable to rely upon the data.The project is at an early stage; however, the geological understanding has been advanced through a compilation of detailed magnetics from both drone-based and ground surveys combined with almost 1,600 base-of-till (BoT) samples and a total of 2938.8 metres of drilling before this small program.As most of the southern half of the property is covered by glacial sediments and swampy ground, the Company initiated systematic exploration in 2022 with BoT sampling and detailed magnetics surveys. In May of 2022, the Company announced narrow drill intercepts of elevated gold and s