Spanish Mountain Gold drills 69.20 m of 0.74 g/t Au, 77.85 m of 0.70 g/t Au at feasibility study

Spanish Mountain Gold Ltd. (the “ Company ” or “ Spanish Mountain Gold ”) (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to provide assay results from seven diamond drill holes 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/20260706393308/en/ Figure 1: Drill Collar Location Map - 2025-2026 Drill Program.

The figure illustrates the collar locations for all 7 drill holes reported in this news release, plus holes with assays pending. Section lines correspond to drill cross-sections presented in Figures 2 and 3. Collar coordinates are summarized in Table 3.

The assay results from these drill holes are part of the 2026 Feasibility Drill Program, which was initiated in March 2026 with the objective of increasing resource confidence (infill drilling) and expanding on the current mineral resource. Approximately 16,083 metres (“m”) of a planned 60,000 m drilling program has been completed to date. This news release presents results for holes 26-DH-1367 to 26-DH-1373.

Assay results are pending for 20 additional drill holes. Highlights: 26-DH-1367 , collared 80 m northwest of 26-DH-1362 , returned 69.20 m of 0.74 g/t gold from 53.80 m , including 36.00 m of 1.05 g/t gold from 87.00 m and a higher-grade subset of 14.85 m of 2.05 g/t gold from 101.00 m , confirming Orca-style higher-grade structures within the Fault 2-Fault 3 block. 26-DH-1371, collared 100 m northwest of 26-DH-1367 , intersected 77.85 m of 0.70 g/t gold from 35.05 m , including a near-surface higher-grade subset of 3.60 m of 3.01 g/t gold from 35.05 m , confirming near-surface grade continuity in the easternmost block. 26-DH-1370 , collared