Mr. Richard Masson reports

BOREAL GOLD REPORTS DRILL RESULTS FROM THE FIRST TWO DRILL HOLES IN THE HIGH-GRADE GOLD ROCK VEIN WEST OF SNOW LAKE, MANITOBA

Boreal Gold Inc. has released the drill results from the first two drill holes in the high-grade Gold Rock vein during the phase 4 winter/spring 2026 drill program on its 100-per-cent-owned 2,922-hectare North Star gold project located approximately 36 kilometres west of Snow Lake, Man. (Boreal Gold news release dated April 7, 2026).

At the north end of the Gold Rock vein on cross-section 64+80N beneath drill holes GR-08-23, GR-08-24, GR-08-70 and GR-08-71 at depth:

• GR-26-144 assayed 1.44 grams per tonne gold over 1.70 metres from 69.38 m to 71.08 m, including 9.15 g/t gold over 0.20 m from 70.88 m to 71.08 m extending the high-grade Gold Rock vein to the 50-metre vertical depth on this section. The vein intersection was less mineralized than the vein intersections above as the shear at this point entered sheared basalt which because of its rheology properties is less favourable for mineralized vein development than gabbro. The mineralized structure, width and degree of alteration in this hole, however, remained strong.

On cross-section 64+30N, 50 m south of drill hole GR-26-144 and beneath drill holes GR-08-13, GR-08-14, GR-08-60 and GR-08-61 at depth:

• GR-26-145 assayed 4.66 g/t gold over 2.58 m from 104.26 m to 106.84 m including 17.2 g/t gold over 0.62 m from 106.22 m to 106.84 m extending the high-grade Gold Rock vein to approximately the 100-metre vertical depth on this section.

Now that 153 drill holes have been drilled into the high-grade Gold Rock vein and following these initial encouraging results, a new National Instrument 43-101 report with a resource estimate on the Gold Rock vein structure should be undertaken since no NI 43-101 has been done on the Gold Rock vein over its past four drill programs beginning in 2008 to present. A new global NI 43-101 resource estimate should also be undertaken for both the North Star and Gold Rock structures to reflect present-day gold prices. The past NI 43-101 resource estimate on the North Star vein was completed in 2005 using a 7.0 g/t cut-off grade (Sept. 23, 2005, Wayne W. Valliant, Foran Mining Corp., NI 43-101 report, filed on SEDAR+) when gold was $300 (U.S.) to $400 (U.S.) per ounce. Now gold is hovering around $4,000 (U.S.) per ounce or greater than $5,500 (Canadian) per oz today and silver over $60 (U.S.) per oz or greater than $85 (Canadian) per oz today. In the case of the North Star vein, however, it may be more prudent to drill a few infill drill holes and to use the larger HQ core size as the company did at Gold Rock to get a more representative grade because of the coarse gold nugget effect that characterizes the deposits and then carry out a new resource estimate based on the infill drill findings and using a different cut-off grade.

The property group

The North Star property group consists of three contiguous properties which are: the North Star gold property, which includes the North Star mining lease; the Gold Rock mining lease and the Sewell Lake critical metal property. Sewell Lake property is contiguous and contains the same felsic volcanic stratigraphy with Hudbay Minerals Rail Zone copper deposit to the south and the former Dickstone copper zinc mine to the north.

The North Star and Gold Rock properties host a series of deposits along the same 2.5-kilometre-long structure. The North Star near the north end of the shear is roughly two to four metres wide with a grade averaging from face sampling around 0.29 oz gold per ton (Foran Mining press release dated May 25, 2004, and Boreal Gold press release dated April 17, 2025). The Gold Rock at the north end of the shear consists currently of at least two zones 0.5 to three meters (two to 10 feet) wide, but is higher grade on average than North Star. There has not been a lot of drilling in between the two deposits which are approximately one km apart on the same structure. Also on this group are a number of parallel but narrower gold structures both to the west and to the east. The West vein is parallel and immediately west of the North Star deposit, and the Richard vein parallel and northeast of the Gold Rock is most notable of these structures. Important intersects of the West vein are 26.75 grams per tonne Au over 1.1 metres from drill hole NS-04-57, 76.18 g/t Au over 0.7 m in drill hole NS-03-45, 30.68 g/t Au over 1.0 m in drill hole NS-03-02 and 191.70 g/t Au over 0.2 m in drill hole NS-05-87 (Sept. 23, 2005, Wayne W. Valliant, Foran Mining, NI 43-101 report, filed on SEDAR+). The Richard vein in the 2010 drilling returned values of 15.65 g/t Au over 1.5 metres in drill hole GR-10-115 and 14.41 g/t Au over 3.3 metres in drill hole GR-10-114 (Voyageur Mineral Explorers Corp. press release dated April 28, 2010).

In 2003, Foran Mining carried out extensive work on the property under then president and chief executive officer Stephen Masson. After the acquisition of Foran's McIlvenna deposit, the property was shelved in favour of the larger project. In 2007, Copper Reef Mining Corp. under Mr. Masson, after leaving Foran in 2006, acquired the property from Foran, where it carried out three more drill programs, mainly on the Gold Rock vein and Richard vein, as well as completed an VTEM airborne magnetic and electromagnetic survey over the entire North Star group. After 2012, Copper Reef found it difficult to raise funds for the project, due to market conditions and much lower gold prices than currently.

Further drill results are pending and are expected in the next couple of weeks

Boreal Gold is pleased to announce that it has completed 10 HQ drill holes totalling 1,326 m on the Gold Rock quartz shear zone this past winter and spring. Due to the late start in April and the spring thaw, many swamp holes could not be drilled due to ground conditions. These holes are postponed to a later date for a winter drill program. Every drill hole during this drill program GR-26-144 to GR-26-153 intersected the Gold Rock shear zone. GR-26-149 was very encouraging: This selective infill drill hole intersected over 30 specks of visible gold in drill core. Drill hole GR-26-150 drilled down plunge from this hole intersected vuggy pyrite and pyrrhotite. The other drill holes intersected the Gold Rock biotite quartz veined alteration shear zone with pyrite. All core samples have been delivered to SRC Laboratories in Saskatoon, and assays are pending. The recent drilling on the Gold Rock vein was done with a view of understanding the potential size of the deposit, and, to follow the gold shoots to this extent, it was only partially successful as not all desired holes were completed. Future drilling will concentrate on completing the 2026 program of undrilled holes and further defining the extent of the gold shoots at Gold Rock. In addition, more detailed infill drilling at North Star is needed to offset the coarse gold nugget effect with the aim to add poorly defined resources into a better category to increase the global resources and to drill more veins and new targets between the two deposits. Ultimately, the plan is to drill off enough tonnes that the combined resource of the North Star and Gold Rock vein structures, as well as any new discoveries with sufficient grade, will warrant to bring it to a prefeasibility study. This objective will require a few additional drill programs, which are diligently and carefully being planned.

Drilling going forward should commence in the next couple of weeks

Now that the winter drilling (2026) has been completed at the North Star property in Snow Lake, Man., Boreal Gold will focus on exploring the Fay Lake property in Flin Flon, Man., both with drilling and geological mapping and prospecting. Having completed the cutting of the drill and chopper pads, Boreal will commence drilling approximately a 1,000-metre drill program on the Fay Lake property. The drill program at Fay Lake will target the Redwin volcanic massive sulphide horizon as well as high-grade-gold quartz veins found in trenches ( J. Pearson, Sept. 4, 2024, NI 43-101 technical report) proximal to or within the Redwin horizon.

The large Fay Lake property (2,719 hectares) is located between Hudbay's Vamp Lake deposits and Minnova's Puffy Lake gold mine, which was covered by a new airborne EM survey. The Fay Lake properties contain the 3.5-kilometre-long Redwin deposit horizon (now completely mapped), with significant gold and copper along a similar gold-rich volcanogenic massive sulphide horizon hosting Hudbay's Vamp Lake deposits as well as other gold showings (mapping in progress) similar to Puffy Lake mine style mineralization. Line cutting a grid extension toward Puffy Lake accompanied by detailed mapping and prospecting will also take place concurrently with the Fay Lake summer drill program with a focus both on gold structures similar to Puffy Lake which flank quartz pebble conglomerates and following the extension of a separate gold mineralized quartz feldspar porphyry (Fay showing), which is open to the east.

Boreal Gold is now at a stage where it is poised to bring real growth by drilling the selected targets on its Fay Lake property and the subsequent drill programs on the North Star group following its completed acquisition. Boreal focusing more on gold is on the backdrop of rising gold and silver prices that are at record levels with gold hovering around $4,000 (U.S.) per oz or greater than $5,500 (Canadian) per oz today and silver over $60 (U.S.) per oz or greater than $85 (Canadian) per oz today.

About Boreal Gold Inc.

Boreal Gold is a Canadian junior mineral exploration company with a specific focus on mineral properties in northwestern Manitoba and northeastern Saskatchewan, Canada. All of the company's properties are currently at the exploration stage. The company has assembled a portfolio of base metal and precious metal prospects in strategic locations in the provinces of Manitoba and Saskatchewan.

The company employs quality assurance/quality control protocol on all aspects of its analytical procedures. Core samples are sawn, and one-half of the HQ core is restored to the core boxes for future reference and one-half sent for analysis. The rock samples were placed in standard plastic bags, which were then placed into rice bags that were wired shut for shipment. The rice bags were delivered to SRC Laboratories in Saskatoon. Samples of veining or mineralization are taken in approximately 50-centimetre intervals or less.

Commercially prepared standards representing three ranges of gold grades are inserted at intervals of one in 10 samples. A blank rock is inserted every 20 samples.

Sample preparation and analytical work is conducted at SRC laboratories in Saskatoon, Sask. (certification ISO/IEC 17025:2017) utilizing the gravimetric overlimit analysis (method Au 9).

Qualified person

Mr. Masson, MSc, PGeo, is the qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects) for this property, has confirmed the visual descriptions, and supervised the quality control and all aspects of the exploration program. Mr. Masson acts as a consulting geologist for the company. He has reviewed the drill core and confirms the visual descriptions while logging some of the drill holes from this winter's 2026 program.

We seek Safe Harbor.