Gemdale Gold intersects 5.19 m at 14.01 g/t Au within 110 m at 1.18 g/t Au at Pontio

VANCOUVER, BC / ACCESS Newswire / August 10, 2026 / Gemdale Gold Inc. (TSXV:GEMG)(OTCQB:GDGIF) (" Gemdale " or the " Company ") is pleased to announce further drill results from the 2026 drill program at its 100% owned Pontio Gold Project located in western-central Finland. This release reports on the results of 9 holes from the southern (S1 and S2) Sectors of the M2 Trend at Pontio, focussed mainly on the S1 Sector, as part of the 5,009m, 28 diamond drill hole 2026 Phase 1 programme.

Highlights

Intersections from the S1 Sector continue to show wide zones of near surface, bulk tonnage style gold mineralisation, with higher-grade intervals (downhole) as follows:

HOLE PONT093:

110.00m @ 1.18 g/t Au from 99.08m

Including 5.19m @ 14.01 g/t Au from 137.90m plus

9.10m at 0.93 g/t Au from 81.94m

HOLE PONT087:

48.89m @ 0.68 g/t Au from 24.70m

HOLE PONT085 (within 98.32m of cumulative gold mineralisation) :

51.95m @ 0.55 g/t Au from 27.49m plus

35.08m @ 0.59 g/t Au from 85.32m

HOLE PONT086 (within 132.81m of cumulative gold mineralisation) :

13.50m @ 0.57 g/t Au from 45.19m plus

45.31m @ 0.56 g/t Au from 120.31m

HOLE PONT092:

27.09m @ 0.72 g/t Au from 48.80m plus

9.15m @ 1.46 g/t Au from 92.07m

HOLE PONT091 indicates the possible continuity of mineralisation southwards from Sector S1 through to Sector S2 and infills a gap in drilling of 600m between Sectors S1 and S2, intersecting:

14.73m @ 0.86 g/t Au from 86.43m downhole

Overall, the results significantly extend the width of the S1 Sector of the M2 Trend. The mineralised diorite porphyry, host to the subcropping gold mineralisation, is now more than 140m in estimated true width on some profiles.

The deposit remains completely open at depth with an average drill depth of less than 100m to date along the 4km of mineralised strike extent.

Toby Strauss, Presid