17:10:05 EDT Thu 16 Jul 2026
Enter Symbol
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Blossom Gold Inc
Symbol BGAU
Shares Issued 131,618,889
Close 2026-07-15 C$ 1.88
Market Cap C$ 247,443,511
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Blossom working on reopening of Rosebud portal No. 2

2026-07-16 14:22 ET - News Release

Mr. Rick Winters reports

BLOSSOM GOLD ANNOUNCES THE REOPENING OF PORTAL #2 UNDERWAY AT ROSEBUD

The reopening of portal No. 2 at Blossom Gold Inc.'s Rosebud project in Pershing county, Nevada, is under way. Blossom's mining contractor, Small Mine Development LLC (SMD), began mobilizing on schedule July 7 and is now executing earthworks to re-establish access to the portal opening. It is anticipated that earthworks will be complete and portal No. 2 will be opened the week of July 20. Rehabilitation will be conducted to allow safe access to drill and blast the concrete plug established during closure and reclamation of the portal. Following removal of the plug, SMD will have full access to decline No. 2 and will begin the rehabilitation required to establish drill bays for underground, infill drilling of the Rosebud open-pit resource, planned to commence in the fourth quarter of 2026.

"Opening the underground has been a fundamental milestone in Blossom's plans for Rosebud, allowing us to do the resource drilling we would not have been able to achieve from surface drilling under the five-acre constraint of our notice of intent (NOI)," said Rick Winters, Blossom's chief executive officer. "This work is authorized under a modification to the federal NOI received in March as well as a new State of Nevada temporary water pollution control permit (WPCP), demonstrating the ability of Blossom's permitting team and quality of our state and federal regulators in understanding, assessing and approving our plans for the underground at Rosebud. We will continue permitting to allow us to make best use of our existing underground infrastructure and resources."

Graden Colby, Blossom's chief operating officer, commented: "Small Mine Development is one of the best underground mining contractors in the business for what we need at Rosebud. We look forward to working with SMD to complete the planned rehabilitation of decline No. 2. Their work will also include drill bay development. We expect SMD will conduct bulk sampling for continued metallurgical testing and heap-leach optimization. We continue to evaluate our higher-grade underground resources. SMD's involvement enhances our execution planning and tightens our costing for development and bulk sampling. Of course, the most important near-term result is providing critical access by Q4 to test open-pit resource expansion and infill target potential more effectively than surface drilling alone and keep us on schedule for an updated mineral resource estimate in the first quarter of 2027 to support a feasibility study and continued permitting for operations."

Portal No. 2 provides access to the historic workings of the former Rosebud underground mine, which operated from 1997 through 2000. Approximately 3,000 feet (915 metres) of rehabilitation in decline No. 2 is planned for completion in late October. Concurrent with and following rehabilitation, drill bays will be established in accordance with the underground infill drilling program currently under design to upgrade the open-pit resource. Underground drillers have been identified and are being assessed for the underground drilling contract. Blossom continues to evaluate the potential for higher-grade underground resources, which will benefit directly from the work rehabilitation of decline No. 2 makes possible.

About Small Mine Development LLC

Small Mine Development is focused on mechanized, hard-rock, underground mining in the United States. SMD has a significant presence in northern Nevada, and the Rosebud project is located two hours from SMD's central warehouse and yard. SMD has a proven history of successful projects, including mine rehabilitation, development and production mining. SMD will be providing much of the mine infrastructure, including power generation and distribution, along with mobile equipment and skilled miners, to complete the scope of work. Keith Jones, Small Mine Development's general manager, stated: "We are pleased to be reopening Rosebud decline No. 2 and look forward to advancing the project with the capable, motivated folks that are Blossom Gold. This is an exciting time for all of us in the mining industry."

About Blossom Gold Inc.

Blossom is a Canadian-based precious metals exploration and development company that recently began trading on the Toronto Stock Exchange under the symbol BGAU. Blossom acquired the Rosebud project in connection with the TSX listing and will be focused on the exploration and development of the project. The Rosebud project includes the former Rosebud mine, where mining was conducted from 1997 through 2000 by the Rosebud Mining Company, a Newmont-Hecla joint venture, using underground mining methods where the mine operated at a cut-off grade of approximately 0.2 ounce per ton gold (6.8 grams per tonne gold), when gold prices ranged from $250 (U.S.) to $350 (U.S.) per ounce, with mined material truck hauled approximately 120 miles to an existing Newmont oxide mill for processing. The current vision for the Rosebud project is to evaluate the remaining higher-grade mineralization and the surrounding larger volume of lower-grade mineralization as a potential open-pit mining operation with on-site, heap-leach processing and recovery of gold and silver. The Rosebud project currently hosts an inferred mineral resource of 70,755,000 tons grading 0.62 gram per tonne gold (0.018 ounce per ton gold) and 6.49 grams per tonne silver (0.189 ounce per ton silver) for 1.28 million ounces of gold and 13.4 million ounces of silver. The mineral resource estimate was open-pit constrained using long-term gold and silver prices of $2,500 (U.S.) and $35 (U.S.) per ounce, respectively. The deposit is open in all directions. Further details on Blossom and the Rosebud project, including the technical report titled "Mineral Resource Estimate for the Rosebud Property, Pershing County, NV, USA," by Northern Lights Mining LLC, with a report date of Dec. 17, 2025, and an effective date of Nov. 1, 2025, can be found under the company's profile on SEDAR+ and the company's website.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Dino Titaro, PGeo, a director of Blossom, who is a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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