P2 Gold intersects 0.69 g/t Au and 0.25% Cu over 74.68 m at Lucky Strike

Canada NewsWire VANCOUVER, BC , May 4, 2026 /CNW/ - P2 Gold Inc. ("P2" or the "Company") (TSXV: PGLD) (OTCQB: PGLDF) reports results from an additional ten reverse circulation ("RC") drill holes (GBR-097 to 101 and GBR-107 to 111) drilled at the Lucky Strike Zone as part of the Infill and Expansion Drill Program at its Gabbs Project located on the Walker-Lane Trend in Nevada.  On completion of the drilling underway at the Lucky Strike Zone, the RC drill is expected to return to the Sullivan Zone for additional drilling to extend the zone down dip. Results from drilling to date confirm the Mineral Resource model for the Lucky Strike Zone. Drilling Highlights Select drill results (see Table 1 below for drill results) from holes GBR-097 to 101 and GBR-107 to 111 drilled at the Lucky Strike Zone include: Hole GBR-099 intersected 0.69 g/t gold and 0.25% copper over 74.68 meters from 149.35 meters downhole , including 30.48 meters grading 1.32 g/t gold and 0.38% copper starting 150.88 meters downhole and ended in mineralization; Hole GBR-110 intersected 0.72 g/t gold and 0.31% copper over 44.20 meters starting 92.96 meters downhole , including 15.24 meters grading 0.93 g/t gold and 0.31% copper starting 94.49 meters downhole and also intersected 0.19 g/t gold and 0.18% copper over 30.48 meters starting 164.59 meters downhole; Hole GBR-111 intersected 0.71 g/t gold and 0.30% copper over 70.10 meters from 134.11 meters downhole , including 15.24 meters grading 0.99 g/t gold and 0.40% copper starting 137.16 meters downhole and ended in mineralization.

Drill holes GBR-107 to 111 were drilled on the western half of the Lucky Strike Zone to follow up on mineralization encountered in drill holes GBR-096 to 101, which appear to have intersected a higher-grade core of the zone similar to the higher-grade core of the Sullivan Zone