Pelangio Exploration extends gold shoot 150 m north at Manfo; 26 m of 2.99 g/t Au incl. 6 m of 11.74 g/t Au

Toronto, Ontario--(Newsfile Corp. - June 15, 2026) - Pelangio Exploration Inc. (TSXV: PX) (OTC PINK: PGXPF) ("Pelangio" or the "Company") reported that drill hole SPDD26-008 extended the higher-grade gold shoot at its 100%-owned Pokukrom East deposit 150-meters further north, where it remains open and could add significantly to the resource. The hole cut 26 meters of 2.99 g/t Au (un-cut), including 6 meters of 11.74 g/t Au and 2 meters of 27.95 g/t Au. These results show the higher-grade mineralization continues to the north.

Drill hole SPDD26-007, previously reported on June 1, 2026 is interpreted to have undercut the plunge of the higher-grade shoot at Pokukrom East, while SPDD26-008 demonstrates the mineralized zone continues to the north at a flatter plunge. "We're excited by these results. They extend the higher-grade gold zone 150 metres to the north and suggest the mineralization may be flattening here, giving us important new information about the geometry of the deposit," said Ingrid Hibbard, President and CEO of Pelangio.

"Each hole helps us refine our understanding of the system, and with this improved understanding we are well positioned to continue testing for additional extensions of the higher-grade zones." Highlights Drill hole SPDD26-008 intercepted 26 meters of 2.99 g/t Au (un-cut) including 6 meters of 11.74 g/t Au which in turn includes 2 meters of 27.95 g/t Au at Pokukrom East Results indicate higher-grade mineralization continues down plunge and extends approximately 150m to the north. Results are consistent with the interpreted geometry of the higher-grade shoot and support its continuity down plunge. See Table 1.

Pokukrom East deposit remains open to the north, south, and at depth Drilling program approximately 77% complete, with completion expected in July The Manfo Gold Project hosts an updated Min