Spanish Mountain Gold Drilling Intersects 103.35 Metres Grading 0.88 g/t Gold With a Higher-Grade Subset of 56.40 Metres of 1.35 g/t Gold .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 } .bwlistdisc { list-style-type: disc } .bwpadb3 { padding-bottom: 4px } .bwpadl0 { padding-left: 0px } .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 } .bwwidth100 { width: 100% } .bwwidth15 { width: 15% } .bwwidth16 { width: 16% } .bwwidth18 { width: 18% } .bwwidth4 { width: 4% } .bwwidth42 { width: 42% } .bwwidth6 { width: 6% } .bwwidth7 { width: 7% } .bwwidth8 { width: 8% } .bwwidth9 { width: 9% } 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 four 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/20260203389419/en/ Figure 1: Drill Long Section Through Orca Fault Area (looking northeast); section line A-A’ (see Figure 4) The company has completed approximately 10,870 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 four additional drill holes completed within the Orca Fault target area. Highlights: 25-DH-1324 intersected broad gold mineralization from 69.00 m totaling 108.80 m grading 0.68 g/t gold that include two key intervals: 27.75 m of 0.82 g/t gold from 69.00 m including 18.01 m of 1.10 g/t gold; and 57.80 m of 0.82 g/t gold from 120.00 m including 3.08 m of 1.42 g/t gold and 2.42 m of 4.10 g/t gold. 25-DH-1325 intersected two intervals of gold mineralization including: 103.35 m of 0.88 g/t gold from 15.65 m including 56.40 m of 1.35 g/t gold with a high-grade subset of 9.90 m of 3.54 g/t gold; and 15.15 m of 0.65 g/t gold from 255.00 m including 1.85 m of 3.28 g/t gold. 25-DH-1326 intersected three intervals of gold mineralization including: 116.50 m of 0.44 g/t gold from 20.00 m including 83.50 m of 0.51 g/t gold with a high-grade subset of 36.70 m of 0.79 g/t gold; 10.00 m of 0.64 g/t gold from 191.00 m including 4.00 m of 1.28 g/t gold; and 34.50 m of 0.82 g/t gold from 288.50 m including 18.00 m of 1.31 g/t gold with a high-grade subset of 3.50 m of 3.21 g/t gold. Key Findings: Current exploration drilling assay results continues to intersect significant higher-grade mineralization over 530 m in strike length in the Orca Fault target area (Figure 4) and the continuity can now be traced across multiple parallel, adjacent drill sections over 80 to 190 m. Main Deposit – Orca Fault area Four additional drill holes were collared and successfully completed (see Figure 4) in the Orca Fault target area, 25-DH-1324 (Figure 1 and Table 1), 25-DH-1325 (Figure 3 and Table 2), 25-DH-1326 (Figure 2 and Table 3), and 25-DH-1327 (Figure 1, Figure 3, and Table 4). 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 wide zones of higher-grade gold mineralization, such as in drill hole 25-DH-1325 (Figure 3 and Table 2) 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 25-DH-1325 intersected 0.88 g/t gold over 103.35 m to a downhole depth of 119.00 m that included three significant subintervals (see Table 2). The analytical results from the lower portion of drill hole 25-DH-1324 (see Figure 1 and Table 1) were released and significantly lengthen the previously published main composite (see January 16, 2026 news release) to 108.80 m of 0.68 g/t gold. As well, both drillhole 25-DH-1326 (see Figure 2 and Table 3) and 25-DH-1327 (Figure 1