Mr. Nicholas Koo reports

DIXIE GOLD INC. -- CORPORATE UPDATE

Dixie Gold Inc. has provided a corporate update.

Cessation of control person

The issuer advises that Ryan Kalt is no longer a control person (as that term is defined by TSX Venture Exchange policy) of the issuer. The issuer has made the determination based upon publicly filed reporting by said individual as relates to changes to his privately held securityholdings in the issuer.

Voluntary surrender and cancellation of stock options

Subsequent to ceasing to be a control person but unrelated, the issuer also advises that Mr. Kalt, a director, has voluntarily surrendered for cancellation an aggregate of 625,000 stock options of the issuer, effective May 27, 2026. The surrendered options were previously granted under the issuer's fixed stock option plan and were exercisable at a price of six cents per common share until April 9, 2029. The corporation has accepted the option surrender, and the options have been cancelled, effective May 27, 2026. No consideration was paid to Mr. Kalt nor is any consideration payable by the issuer in connection with the surrender or with respect to the cancellation of the options. Following the option surrender, Mr. Kalt holds no stock options in the issuer. Directors of the issuer are eligible to participate in the issuer's option plan.

About Dixie Gold Inc.

Dixie Gold is a junior exploration company holding certain mining-related exploration interests in Canada.

We seek Safe Harbor.