Spanish Mountain Gold Drilling Extends the Orca Fault Target Trend to a Strike Length Over 500 Metres Intersecting Numerous High-Grade Results Including 40.00 Metres Grading 0.98 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 } .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 } .bwwidth10 { width: 10% } .bwwidth100 { width: 100% } .bwwidth13 { width: 13% } .bwwidth14 { width: 14% } .bwwidth15 { width: 15% } .bwwidth18 { width: 18% } .bwwidth33 { width: 33% } .bwwidth38 { width: 38% } .bwwidth5 { width: 5% } .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 provide additional assay results from six exploration drill holes within the Orca Fault target trend and five exploration drill holes from the A12 target 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/20251222973672/en/ Figure 1: Drill Long Section Through Orca Fault Area (looking northeast); section line A-A’ (see Figure 4) The company has completed approximately 8,220 m of drilling to date of the 9,000 to 10,000 metres (“ m ”) of exploration drilling planned under the 2025 Fall Drill Program. Assays and geochemistry are pending receipt from the laboratory and or reporting from twelve (12) additional drill holes completed on the newly defined Orca Fault area. Highlights: 25-DH-1307 intersected from 30.00 to 82.00 m, 52.00 m of 0.50 g/t gold including two high-grade intervals of 20.00 m of 1.07 g/t gold and 11.25 m of 1.28 g/t gold with a subset of 6.00 m of 2.18 g/t gold; 25-DH-1309 intersected from 77.24 m to 88.75 m, 11.51 m of 0.99 g/t gold including 5.71 m of 1.59 g/t gold; 25-DH-1310 intersected from 57.20 to 83.50 m, 26.30 m of 0.76 g/t gold including 3.00 m of 2.55 g/t gold; 25-DH-1311 intersected from 57.00 to 97.00 m, 40.00 m of 0.98 g/t gold including 10.00 m of 1.37 g/t gold with a subset of 3.00 m of 3.72 g/t gold; 25-DH-1312 intersected from 22.00 to 86.50 m, 64.50 m of 0.53 g/t gold including 13.20 m of 1.36 g/t gold; and 25-DH-1313 intersected from 42.60 to 116.95 m, 74.35 m of 0.66 g/t gold including 23.72 m of 1.25 g/t gold with a subset of 2.04 m of 8.61 g/t gold; Key Findings: Current exploration drilling assay results continues to intersect significant higher-grade mineralization over approximately 500 m in strike length in the newly defined Orca Fault target (Figure 1, 2, and 3) and the continuity can now be traced across multiple parallel, adjacent drill sections. Main Deposit – Orca Fault area, Southeastern Extension In the December 8, 2025 news release, the company published the first drill hole from the southeastern extension area believed to be part of the Orca Fault target. Drill hole 25-DH-1304 intersected 26.46 m of 0.80 g/t gold from 62.72 to 89.18 m, including 8.03 m of 1.61 g/t gold with a higher-grade subset of 4.28 m of 2.26 g/t gold (Figure 1) within the constraining open pit for the MRE (see July 3, 2025 news release). Although gold mineralization has been successfully hit historically in this area, it has not been systematically explored using the preferred drilling orientation of 120-degrees that has proven successful in this work program. Six additional drill holes were collared and successfully completed (see Figure 4) in this southeastern extension area, 25-DH-1307 (Figure 1 and Table 1), 25-DH-1309 (Figure 1 and Table 2), 25-DH-1310 (Figure 2 and Table 3), 25-DH-1311 (Figure 3 and Table 4), 25-DH-1312 (Figure 2 and Table 5), and 25-DH-1313 (Figure 2 and Table 6). These drill holes, like 25-DH-1304 (see December 8, 2025, news release), hit narrower, but high-grade intervals of gold mineralization that extend the Orca Fault target over approximately a 500 m strike length. The results from these six new exploration drill holes in the southeastern extension of the Orca Fault target lend further confidence to the geological and structural interpretation of the new Orca Fault target area, especially when looking to the northwest and integrating with 25-DH-1281 and 25-DH-1282 (see April 21, 2025 news