Mr. Peter Gianulis reports

A2 GOLD ANNOUNCES WARRANT EXERCISE INCENTIVE PROGRAM

A2 Gold Corp. has arranged a warrant exercise incentive program relating to 10.5 million outstanding common share purchase warrants. The eligible warrants were issued in connection with a private placement that closed on Sept. 5, 2025, and are exercisable to acquire one common share of the company at a price of 70 cents per share until March 5, 2027.

The incentive program is designed to encourage the early exercise of the eligible warrants during a 30-day period commencing on Dec. 29, 2025, and expiring at 4 p.m. PT on Jan. 28, 2026.

Under the terms of the incentive program, each holder who exercises an eligible warrant during the incentive period will receive, for each eligible warrant exercised, one-third of additional common share purchase warrant. Each whole incentive warrant will entitle the holder to acquire one additional common share of the company at an exercise price of $1.00 per share for a period of 12 months from the date of issuance.

All incentive warrants will be issued to participating holders promptly following the expiry of the incentive period.

The incentive warrants, and any common shares issued upon exercise thereof, will be subject to a statutory hold period of four months and one day from the date of issuance of the incentive warrants, in accordance with applicable Canadian securities laws.

Eligible warrants that remain unexercised after the incentive period will continue to be exercisable on their original terms until March 5, 2027. However, no incentive warrants will be issued in respect of any eligible warrants exercised after the incentive period.

The incentive program is subject to certain conditions, including the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.

Machai Capital option clarification

The company wishes to clarify the terms of a stock option grant to Machai Capital Inc. that was previously announced on Oct. 28, 2025. The expiration date of the 250,000 stock options should have stated 15 months from the date of grant.

About A2 Gold Corp.

A2 Gold owns three highly prospective gold projects in the United States, all of which are in the mining-friendly jurisdiction of Nevada. A2 Gold's flagship, district-scale Eastside gold-silver project hosts a large and expanding gold and silver resource, and is in an area of excellent infrastructure. Preliminary metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside is amenable to heap leaching.

We seek Safe Harbor.