Spanish Mountain Gold drills 116 m at 0.60 g/t Au at Orca Fault Corridor

Spanish Mountain Gold Ltd. (the " Company " or " Spanish Mountain Gold ") (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to provide assay results from twenty-one diamond drill holes completed as part of its 2025-2026 Diamond Drill program on the Spanish Mountain Gold project (the “Project”), 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/20260602432710/en/ Figure 1: Drill Collar Location Map — 2025-2026 Drill Program.

The figure illustrates the collar locations for all 21 drill holes reported in this news release, plus holes with assays pending. Section lines correspond to cross-sections presented in Figures 2, 3, and 4. Collar coordinates are summarized in Table 6.

Abbreviations: metres = m, grams per tonne = g/t, gold = Au, mineral resource estimate = MRE, Spanish Mountain Gold = SMG. 38, 39, 41, 51, and 54 are the 26-DH-1338, 26-DH-1339, 26-DH-1341, 26-DH-1351 and 26-DH-1354 respectively. A total of approximately 25,588 m of drilling has been completed to date as part of the 2025-2026 Drill Program (1) , which includes 11,600 m of a planned 60,000 m drilling program as part of 2026 Feasibility Exploration Drill Program (“2026 FS Drill Program”) initiated in March 2026. Assay results are pending for 23 additional drill holes.

Highlights: 26-DH-1355 returned 116.60 m of 0.60 g/t gold from 189.20 m within a broader interval of 188 m of 0.47 g/t gold from 142.00 m and is a step-out to the southwest opening the opportunity to extend mineralization beyond the current 2025 PEA MRE pit shell (2) . 26-DH-1343 intersected 145 m of 0.52 g/t from 56.00 m and includes 114 m of 0.62 g/t gold from 87.00 m , confirming a series of parallel higher-grade corri