Gemdale Gold expands land position in Finland, resumes exploration

VANCOUVER, BC / ACCESS Newswire / June 15, 2026 / Gemdale Gold Inc. (TSXV:GEMG)(OTCQB:GDGIF) (" Gemdale " or the " Company ") is pleased to announce that the Finnish Safety and Chemicals Agency (TUKES) has granted the Company two new Mineral Reservations in Lapland and around the Company's flagship Pontio project in western Finland. These new acquisitions reinforce Gemdale's land position in Finland and expand the exploration pipelines surrounding its core regional assets. In addition, Gemdale has recommenced exploration on its projects in the Central Lapland Greenstone Belt "CLGB" in northern Finland, an area which has received much attention lately, due to Agnico Eagle's announced plans to dramatically expand its presence in the CLGB, by acquiring Rupert Resources, Aurion Resources and B2 Gold's holding in its Joint Venture with Aurion, in one of the largest gold industry takeovers this year, valued at up to C$4.5 billion.

Highlights 22.19 square kilometre ("km 2 ") Reservation (Ranta3) has been granted to the west of its Ranta properties in Lapland 10 - 20 kilometre ("km") from Agnico Eagle's Kittila Gold Mine 56.28 km 2 Reservation (Pontio2) has been granted to expand the Company's tenements around its flagship Pontio property in western Finland Summer fieldwork started on its Lapland properties including Ranta, and also at Paksuselka, another of Gemdale's gold projects in the CLGB. Toby Strauss, President and CEO comments " We are delighted to have been granted the new Reservations both in Lapland and around our flagship Pontio Gold Project in central Finland. The Ranta properties are in a highly prospective area of the Central Lapland Greenstone Belt, in an area where the Geological Survey of Finland has done extensive exploration work and has already delineated a number of promising gold targets.

This provides Gemdale with a larger footprint, in an