Mr. Glen Macdonald reports

AUQ GOLD MINING ANNOUNCES RESOURCE, AND A CLEAR GROWTH PATH AT THE BELLECHASSE-TIMMINS GOLD PROJECT, QUEBEC

AUQ Gold Mining Inc. has provided a comprehensive update on its 100-per-cent-owned Bellechasse-Timmins gold project, a high-quality gold asset located in the historic Beauce-Bellechasse region of Southern Quebec. The project continues to demonstrate strong resource potential, excellent metallurgical characteristics and a clear, derisked path toward significant value creation.

Located just 1.5 hours south of Quebec City, the Bellechasse-Timmins project benefits from exceptional road access, stable permitting conditions and a long history of regional gold discoveries dating back to the 1820s -- the first documented gold rush in North America.

The project is situated within the Northern Appalachian fold belt, between the Baie Verte-Brompton Line and the Guadeloupe fault, in a structurally favourable environment underlain Upper Cambrian to Lower Ordovician volcano-sedimentary sequences.

AUQ Gold Mining's 2026 National Instrument 43-101 resource estimate confirms a robust gold endowment:

• 2026 NI 43-101 resource estimate;
• Indicated: 3.568 Mt at 1.79 g/t Au -- 206,000 ounces;
• Inferred: 3.226 Mt at 1.76 g/t Au -- 182,000 oz (0.50 g/t Au cut-off, uncapped).

The 2026 resource estimate for the Bellechasse-Timmins project was completed using the inverse distance weighting (IDW) method, applying a spherical 25-metre search radius to ensure balanced grade interpolation without directional bias. The validated database includes 279 drill holes and trenches totalling 50,737 metres, with 31,287 metres sampled and 32,403 assays incorporated into the model. Geological modelling was performed on horizontal slices spaced five to 20 metres apart, using a 0.2 gram per tonne Au lower cut-off to define mineralized volumes. The gold system forms a folded structure that rakes sharply to the northeast, with thicker southwest fold hinges in the T1 and 88 zones and pinched northwest hinges, while all zones remain open along strike and at depth. The Ascot zone forms a 0.46 cubic m mineralized sheet extending 200 metres northeast and down to the negative 100 m elevation, displaying an S-shaped crenulation fold consistent with regional mega-folding. Resource classification is based strictly on distance to the nearest composite, with indicated blocks defined within 14 metres and inferred blocks within 14 to 25 metres; no measured category is assigned due to drill spacing. The copy of the technical report dated March 30, 2026, on its Bellechasse-Timmins project located in Saint-Magloire, Que., Canada, can be found under the company's profile on SEDAR+ and there are no known risk or factors that may materially affect resources and reserves.

Jacques Marchand, PEng, geology, is an independent qualified person as defined under NI 43-101 who supervised the preparation of and approves the scientific and technical content of this news release.

Mineralization has been partially defined across four zones -- T1, T2, Ascot and 88 -- spanning a 1,000 m northeast-southwest corridor and up to 800 m in width. Historical drilling has confirmed gold-bearing structures to depths of:

• 600 m in T1;
• 225 m in T2;
• 190 m in Ascot;
• 290 m in Zone 88.

All zones remain open along strike and at depth, highlighting strong expansion potential.

Gold mineralization occurs within quartz-carbonate breccias and fractures hosted in an intrusive albite-diorite sill and surrounding volcaniclastic rocks. Multiple hydrothermal events have been identified, with two vein types carrying significant gold values, including auriferous pyrrhotite-pyrite plus or minus Zn-Pb-Cu-Ag (zinc-lead-copper-silver) sulphosalts.

This geological setting is consistent with structurally controlled, laterally continuous gold systems typical of the Appalachian orogenic belt.

Historical bench-scale metallurgical testing supports:

• 85- to 90-per-cent gravity recoveries;
• Up to 99-per-cent combined gravity plus cyanidation recoveries.

A 2020 to 2021 characterization study of 152 historical coarse rejects validated T1 zone grades and demonstrated an overall grade uplift of 15 to 20 per cent, with potential for further improvement through optimized sample size and treatment protocols.

These results indicate strong processing economics and the potential for enhanced head grades through modern ore-sorting and characterization technologies. AUQ Gold Mining holds 100-per-cent interest in six exclusive exploration permits covering the project area. All claims are in good standing, and no environmental liabilities or legacy mine workings exist on the property.

This clean ownership structure and absence of historical disturbances significantly reduce permitting risk and streamline future development.

A clear path forward

A recommended $3.5-million two-phase work program is designed to advance the project toward resource expansion, grade optimization and development readiness. Planned activities include:

• Verification of historical core, coarse rejects and pulps;
• Continued grade validation and characterization;
• LIBS scanning at multiple resolutions;
• 5,000 metres of HQ core drilling;
• Ore-sorting testwork on representative bulk samples.

This program directly targets the key catalysts that drive project rerating: resource growth, improved grade confidence and enhanced metallurgical performance.

Management commentary

Glen Macdonald, chief executive officer of AUQ, commented: "Bellechasse-Timmins is emerging as one of the most compelling undeveloped gold assets in Southern Quebec," said AUQ Gold Mining. "With strong grades, excellent metallurgy, clean ownership and clear expansion potential, the project is well positioned to deliver meaningful value as we advance through the next phases of drilling and technical work."

About AUQ Gold Mining Inc.

AUQ Gold Mining is a Canadian exploration and development company focused on advancing high-quality gold assets in mining-friendly jurisdictions. The company is committed to responsible development, technical excellence and long-term value creation for shareholders.

We seek Safe Harbor.