Pirate Gold intercepts 30.6 g/t Au over 1.35 m at Moosehead

Eastern Trend shallow drilling continues to deliver high-grade assay results along its southern extension with 30.6g/t Au over 1.35m including 89.7g/t Au over 0.40m in PGC-26-112

Western Trend drilling down plunge of the surface vein exposure yielded 4.25g/t Au over 6.65m including 40.8g/t Au over 0.50m in PGC-26-087

Caribou Fault Zone is a newly identified parallel fault structure to the Eastern and Western Trend Faults where shallow drilling has identified significant assay grades up to 2.88g/t Au over 2.45m including 4.63g/t Au over 0.90m in PGC-26-100

Rib Vein results include 1.29 g/t Au over 4.25 m in PGC-26-082 and 6.15 g/t Au over 0.55m in PGC-26-080. The vein has been traced over 200m of strike and to depths of 90m

Episode 17 of Pirate Gold Treasure Hunters now airing : https://youtu.be/sxmJRcmAtog

St. John's, Newfoundland and Labrador--(Newsfile Corp. - August 28, 2026) - Pirate Gold Corp. (TSXV: YARR) (OTCQB: YARRF) ("Pirate Gold" or the "Company") is pleased to announce field exploration results from Moosehead at its Treasure Island Project. The Treasure Island Project in Central Newfoundland covers over 90 km of strike along the Valentine Lake Fault Zone in Canada's newest gold district.

Figure 1. Footprint of mineralized zones at Moosehead

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6079/311929_be01a21ca4c8da85_001full.jpg

Eastern and Western Trend Drilling:

PGC-26-112 was drilled at the southern end of the Eastern Trend and encountered high-grade mineralization at approximately 20m vertical depth, returning 30.6 g/t Au over 1.35m, including 89.7 g/t Au over 0.40m.

At the Western Trend, PGC-26-087 tested 45m down plunge of the interpreted intersection between the north-south trending Western Trend and the east-west trending Rib Vein. The hole returned 4.25 g/t Au over 6.