P2 Gold advances Gabbs project with Car Body Zone drill results

Canada NewsWire

VANCOUVER, BC , Aug. 25, 2026 /CNW/ -- P2 Gold Inc. ("P2" or the "Company") (TSXV: PGLD) (OTCQB: PGLDF) reports results from three diamond drill holes (GBD-011, GBD-013 and GBD-014) and metallurgical test results for the Car Body Zone at its gold-copper Gabbs Project in Nevada, and provides updates on the Gabbs Project feasibility study underway.

Metallurgical Results from Car Body Zone

Three separate diamond drill holes were completed to provide samples for the Feasibility Study Metallurgical Test Program for the Car Body Zone which included three columns of oxide mineralization, each containing approximately 31.5 kg at a nominal particle size of 6.1 mm. See Table 1 for oxide sample column test leach results.

Table 1: Oxide Sample Column Test Leach Results (1)(2)

Metallurgical Drilling Highlights

Select drill results (see Table 5 below for total drill results) from holes GBD-011 and GBD-014 drilled at the Car Body Zone include:

Hole GBD-011 intersected 0.76 g/t gold over 39.62 meters starting 9.14 meters downhole , including 13.72 meters grading 1.62 g/t gold starting 13.72 meters downhole ;

Hole GBD-014 intersected 0.78 g/t gold over 28.19 meters starting 5.33 meters downhole , including 4.57 meters grading 3.08 g/t gold starting 19.81 meters downhole

Plan maps and sections for Car Body Zone drill holes GBD-011, GBD-013 and GBD-014 are set out below.

Plans for Gabbs Updated Mineral Resource Estimate, Feasibility Study and Milestones to Production

Since the start of the Gabbs Project Infill and Expansion Drill Program in October 2025, a total of 86 RC drill holes has been drilled, with 28 holes drilled at the Sullivan Zone and 58 holes drilled at the Lucky Strike Zone. Drilling at both Lucky Strike and Sullivan has continued to confirm expectations for mineralization controls. The