P2 Gold drills Sullivan Zone open for expansion down dip at Gabbs

Canada NewsWire VANCOUVER, BC , June 18, 2026 /CNW/ - P2 Gold Inc. ("P2" or the "Company") (TSXV: PGLD) (OTCQB: PGLDF) reports results from five diamond drill holes (GBD-007 to GBD-010 and GBD-017) drilled at the Sullivan Zone as part of the Pit Slope Stability Geotech Drill Program at its Gabbs Project located on the Walker-Lane Trend in Nevada. All five drill holes were drilled at the margins of the planned open pit, and all five drill holes intersected gold-copper mineralization, highlighting that the Sullivan Zone remains open for expansion down dip and continues to grow in size. A 7,500-meter reverse circulation ("RC") drill program targeting this down dip mineralization has been planned and will be completed for inclusion in the Gabbs Project feasibility study Mineral Resource estimate.

Drilling Highlights Select drill results (see Table 1 below for drill results) from holes GBD-007 to GBD-010 and GBD-017 drilled at the Sullivan Zone include: Hole GBD-008 intersected 0.50 g/t gold and 0.27% copper over 140.21 meters from 99.36 meters downhole , including 24.38 meters grading 0.93 g/t gold and 0.49% copper starting 143.56 meters downhole ; Hole GBD-010 intersected 0.38 g/t gold and 0.18% copper over 123.44 meters starting 62.48 meters downhole , including 13.72 meters grading 0.67 g/t gold and 0.34% copper starting 67.06 meters downhole and also including 18.29 meters grading 0.51 g/t gold and 0.16% copper starting 167.64 meters downhole ; At the Sullivan Zone and Lucky Strike Zone, mineralization is localized within and below a tabular unit of quartz monzonite underlain by pyroxenite, with the higher-grade gold and copper at the core of each of the zones. This mineralization is gold dominant and gives way to copper-gold mineralization in the footwall of the main mineralized body. At Sullivan, the deeper footwall mineralization ranges in thickness from 20 meters to 6