12:41:17 EDT Wed 21 Oct 2026
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Blossom Gold Inc
Symbol BGAU
Shares Issued 131,618,889
Close 2026-10-20 C$ 0.95
Market Cap C$ 125,037,945
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Blossom Gold hires Kappes Cassiday to lead Rosebud FS

2026-10-21 10:40 ET - News Release

Mr. Rick Winters reports

BLOSSOM GOLD ANNOUNCES SELECTION OF KAPPES, CASSIDAY AND ASSOCIATES AS LEAD FOR ROSEBUD'S FEASIBILITY, THE ROSEBUD TECHNICAL TEAM AND PROVIDES AN UPDATE ON PERMITTING ACTIVITIES SUPPORTING A 2029 START OF CONSTRUCTION

Blossom Gold Inc. has appointed Kappes Cassiday & Associates (KCA) as lead consultant for the feasibility study at the company's Rosebud open-pit project in Pershing county, Nevada. The feasibility study is expected to commence in the second quarter of 2027, following the delivery of an updated mineral resource estimate (MRE) at the end of the first quarter of 2027. The company is also pleased to announce progress with permitting activities required for the project's environmental impact statement to maintain Blossom Gold's schedule to advance Rosebud to construction by 2029.

Highlights:

  • KCA appointed lead feasibility study consultant: Reno-based KCA brings more than 50 years of heap-leach, metallurgical, engineering and construction experience and is already familiar with Rosebud through its continuing metallurgical test work on Rosebud metallurgical samples. KCA's record includes several major design through construction contacts, including for Agnico Eagle (engineering, procurement and construction management (EPCM) the contract for Pinos Altos and EPCM contract for La India), Gammon Lake Resources (EPCM contract for Ocampo) and Pan American Silver (EPCM contract for Dolores), to name a few;
  • Full technical team in place for permitting and feasibility: KCA will co-ordinate feasibility work alongside Northern Lights Mining (resource estimation and mine design), GMining Services (mine geotechnical evaluation and studies) and NewFields MDTS (processing facilities geotechnical evaluation and design). Permitting is co-ordinated by principal environmental consultant Westland Resources (federal and state co-ordination and biological, cultural, tribal engagement) and supported by SRK Consulting (hydrological and geochemical evaluation, studies and monitoring);
  • Project schedule aligned to allow commencement of construction in 2029 with first production in late 2030 or early 2031.

"We chose KCA to lead the Rosebud feasibility study because of KCA's clear enthusiasm to be the lead for Rosebud's feasibility and, most importantly, KCA does not build facilities that don't work," said Graden Colby, chief operating officer of Blossom Gold. "KCA has a track record of taking feasibility studies through to engineering, procurement and construction, as it did at Pinos Altos and La India for Agnico Eagle and at Ocampo for Gammon Lake. Like Agnico and Gammon, that is exactly the standard we want for Rosebud: an owner-operator approach to feasibility with EPCM execution that leads to successful mines. KCA is familiar and works well with our other technical consultants and we look forward to the effort."

On track for updated MRE in Q1 2027 and initiation of feasibility/environmental impact statement in Q2 2027

Drilling continues at Rosebud, with 26,555 metres drilled since April with three core and one RC rig conducting expansion and infill drilling from surface. Rehabilitation of decline No. 2 is on schedule after Small Mine Development LLC (SMD) successfully worked through the one major fault in both declines, a splay off the South Ridge fault. Timberline Drilling Inc. of Elko, Nev., has been selected as the underground drilling contractor for Rosebud. Drilling is expected to begin in December following establishment of drill stations. The remaining drill program to support the MRE involves an additional 11,585 m of surface and 8,232 m of underground drilling through Q1 2027, for an expected total of over 46,000 m of new National Instrument 43-101 information for the updated resource estimate.

While feasibility will formally kick off in Q2 2027, there is and has been preliminary engineering done in support of the overall permitting process, both the federal environmental impact statement (EIS) and State of Nevada process. Blossom and its consultants have already identified expected water and power requirements, provided planning profiles for ore and waste, and established facility layouts and infrastructure corridors. Geotechnical, geochemical and hydrology drilling for the expected open-pit has largely been completed. This work and related studies will feed directly into the feasibility study.

Permitting efforts are on schedule with critical path elements met to date. Annual, required raptor surveys were completed. Rosebud's initial humidity cell tests (HCTs), considered a long-lead element of waste characterization, are under way. Pre-EIS meetings have been held with regulators and interested parties. The project area for permitting has been defined and presented to federal and state regulators. Baseline requirements have been determined and documented. Biological surveys began in September, with archeology/culture surveys beginning in October. Blossom's tribal, community and government engagement efforts have begun.

Metallurgical testing continues with material going through Rosebud's assessment process at KCA's lab, including bottle rolls, columns and additional testing to assess carbon-in-leach, carbon-in-pulp and flotation processing. Column results will begin being reported later in Q4.

"I wish every shareholder could visit site and see what has transpired since we began work in April this year," said Rick Winters, chief executive officer of Blossom Gold. "There were only two years in Rosebud's history when there was over 25,000 m of drilling: in 1990 under Lac Minerals and 1998 under the Hecla/Newmont JV [joint venture]. With an expected 46,000 m of Blossom drilling, we are very confident we can meaningfully expand and upgrade our existing NI 43-101 inferred open-pit resource of 70.8 million tons at 0.018 ounce per ton gold and 0.189 ounce per ton silver (0.62 gram per tonne gold and 6.49 gram per tonne silver). Our technical drilling is near completion and all focus is on the next 20,000 m of resource expansion and infill drilling. The underground is on track after SMD did a great job getting through the one difficult section of the decline. Timberline Drilling will be generating deposit infill information before you know it. Much is under way and the project is on schedule, but what shareholders should expect is a lot of news flow. Drill results as we execute our surface and underground programs and catch up on approximately 5,000 m of resource core yet to be logged. Metallurgical news with column results beginning in December and continuing thereafter as well as important project execution updates. With our OTCQX Best Markets listing, we will work hard to get the story and value proposition out to a new set of investors that could not participate before. Improving liquidity will benefit all shareholders as we advance Rosebud and pursue our discovery at Kamma."

About Blossom Gold Inc.

Blossom Gold is a Canadian-based precious metals exploration and development company that trades on the Toronto Stock Exchange under the symbol BGAU and the OTCQX under the symbol BGAUF. Blossom Gold 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 gram 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 on the company's website.

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