Spanish Mountain Gold Drilling Intersects 205.87 Metres Grading 0.58 G/T Gold, 142.00 Metres of 0.77 G/T Gold, and 69.40 Metres of 0.99 G/T Gold in Three Separate Drill Holes Containing Numberous Higher-Grade Sub-Intervals .bwalignc { text-align: center; list-style-position: inside } .bwalignr { text-align: right; list-style-position: inside } .bwblockalignl { margin-left: 0px; margin-right: auto } .bwcellpmargin { margin-bottom: 0px; margin-top: 0px } .bwleftsingle { border-left: solid black 1pt } .bwlistcircle { list-style-type: circle } .bwlistdecimal { list-style-type: decimal } .bwlistdisc { list-style-type: disc } .bwpadb3 { padding-bottom: 4px } .bwpadl0 { padding-left: 0px } .bwpadl2 { padding-left: 10px } .bwpadl4 { padding-left: 20px } .bwpadr0 { padding-right: 0px } .bwrightsingle { border-right: solid black 1pt } .bwsinglebottom { border-bottom: solid black 1pt } .bwtablemarginb { margin-bottom: 10px } .bwtopsingle { border-top: solid black 1pt } .bwvertalignb { vertical-align: bottom } .bwvertalignt { vertical-align: top } .bwwidth10 { width: 10% } .bwwidth100 { width: 100% } .bwwidth12 { width: 12% } .bwwidth15 { width: 15% } .bwwidth18 { width: 18% } .bwwidth20 { width: 20% } Spanish Mountain Gold Ltd. (the " Company " or " Spanish Mountain Gold ") (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to report additional assay results from five exploration drill holes within the Orca Fault target trend that were completed as part of its 2025 Fall Diamond Drill program (“ 2025 Fall Drill Program ”) for the Spanish Mountain Gold (“ SMG ”) project, which is located in the Cariboo Gold Corridor, British Columbia, Canada. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260226365829/en/ Figure 1: Drill Cross Section Through Orca Fault Area (looking northeast); section line A-A’ (see Figure 3) The company has completed approximately 13,819 metres (“ m ”), surpassing the original estimate of drilling of 9,000 to 10,000 m of exploration drilling planned under the 2025 Fall Drill Program, now continuing into 2026. Assays and geochemistry are pending receipt from the laboratory and or reporting from seven additional drill holes completed within the Orca Fault target area. Highlights: 26-DH-1328 intersected two intervals of gold mineralization including: 205.87 m of 0.58 g/t gold from 10.13 m including 47.00 m of 1.19 g/t gold with a high-grade subset of 14.50 m of 2.22 g/t gold; and 58.00 m of 0.52 g/t gold from 290.00 m including 10.34 m of 1.31 g/t gold. 26-DH-1329 intersected three intervals of gold mineralization including: 142.00 m of 0.77 g/t gold from 9.00 m including 53.00 m of 0.88 g/t gold with a high-grade subset of 23.50 m of 1.57 g/t gold; 19.50 m of 0.69 g/t gold from 213.50 m including 1.50 m of 6.16 g/t gold; and 7.50 m of 0.88 g/t gold from 247.50 m including 0.70 m of 8.17 g/t gold 26-DH-1331A intersected 69.40 m of 0.99 g/t gold from 50.60 m including 19.50 m of 1.86 g/t gold Key Findings: Current exploration drilling assay results continues to intersect significant higher-grade gold mineralization over 530 m in strike length in the Orca Fault target area trend (Figure 3) and the continuity can now be traced across multiple parallel, adjacent drill sections over 200 m in width. Main Deposit – Orca Fault area Five additional drill holes were collared and successfully completed (see Figure 3) in the Orca Fault target area, 26-DH-1328 (Figure 1 and Table 1), 26-DH-1329 (Figure 2 and Table 2), 26-DH-1330 (Figure 1 and Table 3), and 26-DH-1331A (Figure 2 and Table 4), and 26-DH-1332 (Figure 1 and Table 5). These drill holes continue to confirm and lend confidence to the extent of the Orca Fault target area over 530 m strike length, northwest to southeast, and its geological and structural interpretation within the constraining open pit for the MRE (see July 3, 2025 news release). The continued intersection of broad zones of higher-grade gold mineralization, such as the thick intersection of gold mineralization in drill hole 26-DH-1328 (Figure 1 and Table 1) reinforces the opportunities for not only enhancing the Orca Fault target understanding but developing favorable structures outward into other areas of the Main deposit while exploring for higher-grade gold mineralization in the near surface, open pit environment, as defined in the recent MRE (see July 3, 2025 news release). Drill hole 26-DH-1328 intersected 205.87 m of 0.58 g/t gold from 10.13 m including 47.00 m of 1.19 g/t gold with a high-grade subset of 14.50 m of 2.22 g/t gold. All results to date continue to reinforce that tighter exploration drill spacing is unlocking additional mineral potential in the Main deposit as drilling systematically works outward from the Orca Fault target, tracking the higher-grade gold mineralization. These exploration drill holes are presented on drill sections (Figure 1 and Figure 2) that shows the alignment of the higher-grade gold minerali