Mr. Peter Laipnieks reports

BIG BEAR GOLD CORP. SIGNS ASSIGNMENT AND ASSUMPTION OF PROPERTY OPTION AGREEMENT TO ACQUIRE 100% OPTIONED INTEREST IN PEERLESS PROPERTY

Big Bear Gold Corp. has entered into an assignment and assumption of property option agreement dated Sept. 25, 2026, with Bathurst Metals Corp. and Stanley R. McClay as bare trustee for BCT Holdings Corp. (the owner), pursuant to which the company will acquire BMV's 100-per-cent optioned interest in the Peerless property located in the Bridge River mining camp, British Columbia.

The Peerless property encompasses 12 mineral claims covering 5,500.43 hectares. It has the same geological setting as surrounding mines and deposits where thrust faults and secondary faults cross anomalous zones, a classic setting for orogenic gold mineralization. It can be viewed as an intermediate orogenic gold system bridging the Bralorne and Reliance styles in Canada's highest-grade historic gold district. It is a compelling and underexplored project with five distinct gold zones already identified: beta, delta, gamma, alpha and epsilon. The project is drill ready with an active drill permit. The project has year-round access with an extensive network of forestry roads crossing the property. Historical RC (reverse circulation) drilling from Manhatten Minerals in 1987 include 4.52 metres of 28.93 grams gold and 1.52 metres of 35.12 grams gold from the beta zone.

Terms of the assignment agreement

Pursuant to the terms of the assignment agreement, BMV will sell and assign to the company, and Big Bear will acquire and assume all of BMV's rights and interest in and obligations under a property option agreement between BMV and the owner dated Jan. 30, 2023, as amended Oct. 10, 2025, and Feb. 18, 2026, in consideration for which Big Bear will issue to BMV 3,555,000 common shares of the company. In addition, the parties have agreed that each will pay 50 per cent of the cost of preparing an independent National Instrument 43-101-compliant technical report on the Peerless property. BMV has also agreed to pay the owner $25,000, which sum will be applied against and reduce the outstanding cash payment otherwise due to the owner under the option agreement. BMV and the owner are arm's length to Big Bear.

After BMV's payment to the owner described above, the outstanding cash payments, expenditure commitments and share issuances due under the property option agreement, in order to acquire a 100-per-cent interest in the Peerless property, will be as shown in the attached table.

Pursuant to the option agreement, the acquisition of the Peerless property is subject to a 2.5-per-cent net smelter returns royalty (NSR royalty) in favour of the owner, which in turn is subject to a buyback right entitling the optionee thereunder to purchase a 1.0-per-cent NSR royalty for $1-million within six months of commencement of commercial production.

All shares issued in connection with this transaction will be subject to a hold period expiring four months and one day from their date of issuance.

Closing of the transactions contemplated by the assignment agreement is subject to the company's satisfactory due diligence on the Peerless property within 90 days. In addition, the assignment agreement, including the transactions contemplated thereunder, is subject to TSX Venture Exchange approval.

QP (qualified person)

The technical content of this news release has been reviewed and approved by Lorne Warner, a qualified person as defined by National Instrument 43-101. Mr. Warner also acts as president of Bathurst Metals Corp.

About Big Bear Gold Corp.

Big Bear Gold is focused on acquiring and developing mineral properties with strong potential to host significant resources in Western Canada. The company is looking for additional projects that are in an established mining district with highly prospective geology that could host significant resources.

We seek Safe Harbor.