Pirate Gold intercepts 0.43% Cu Eq over 56.5 m at Moby Dick

PGC-26-118: Collared approximately 100m west of discovery holes PGC-26-058 and PGC-26-068, the hole intersected 0.24% Cu Eq over 299.4m from 12.6m downhole.

Higher-grade intervals: The broad interval includes 0.43% Cu Eq over 56.5m, including 0.52% Cu Eq over 35.6m, and a separate interval of 0.43% Cu Eq over 19.8m.

Mineralization continues at depth: PGC-26-118 re-entered copper-gold mineralization below a mafic dyke, returning 0.23% Cu Eq over 72.7m, including 0.33% Cu Eq over 37.0m.

Follow-up drilling: Assays are pending from 11 additional holes targeting Moby Dick, with visible chalcopyrite logged in eight holes.

Next phase underway: Barge drilling is preparing to test beneath Crippleback Lake, while MobileMT surveying is targeting the deeper potential across Crippleback.

Episode 18 of Pirate Gold Treasure Hunters now airing: https://youtu.be/tIhp4RaQUxc

St. John's, Newfoundland and Labrador--(Newsfile Corp. - September 2, 2026) - Pirate Gold Corp. (TSXV: YARR) (OTCQB: YARRF) ("Pirate Gold" or the "Company") is pleased to report assay results from drilling at the Moby Dick copper-gold discovery and the Western EM anomaly within the Crippleback Intrusive Suite at its 100%-owned Treasure Island Project in Central Newfoundland. The Treasure Island Project covers over 90 km of strike along the Valentine Lake Fault Zone in Canada's newest gold district.

Moby Dick Drilling

PGC-26-118 was collared approximately 100m west of discovery holes PGC-26-058 and PGC-26-068 and drilled parallel to them. Beginning at the bedrock interface at 12.6m, the hole intersected 0.24% Cu Eq (0.13% Cu; 0.087 g/t Au; 1.72 g/t Ag) over 299.4m to 312.0m. This interval includes 0.43% Cu Eq (0.21% Cu; 0.184 g/t Au; 2.00 g/t Ag) over 56.5m, including 0.52% Cu Eq (0.24% Cu; 0.238 g/t Au; 2.06 g/t Ag) over 35.6m, and a separate interval of 0.43% Cu Eq (0.26% Cu; 0.112 g/t Au; 4.12 g/t