Mr. Carl Lofberg reports

FIREFOX GOLD WELCOMES MR. MARTIN RIP TO ITS BOARD OF DIRECTORS

Firefox Gold Corp. has appointed Martin Rip, CPA, CA, to its board of directors.

Mr. Rip is a chartered professional accountant (CPA, CA) with over 25 years of experience in industry and public practice providing business advice to a variety of clients, primarily in the mining sector. Most recently, Mr. Rip served as chief financial officer of Lumina Metals Corp., Fuerte Metals Corp. and Lumina Gold Corp. (sold to CMOC in June, 2025). He is also the former chief financial officer of Anfield Gold Corp., Lumina Copper Corp., Lumina Royalty Corp. and Luminex Resources Corp. In public practice, Mr. Rip worked at Grant Thornton LLP where he served as a senior manager in the assurance and business advisory practice. He holds a law degree from the University of Birmingham and is a member of the Chartered Professional Accountants of British Columbia and the Institute of Chartered Accountants in England and Wales. Mr. Rip has extensive experience in financial reporting, corporate governance and internal controls compliance for public companies, as well as corporate transactions, such as mergers and acquisitions, public listings (directly or by reverse takeover), and spinouts.

Patrick Highsmith, chairman and co-founder of Firefox, commented on the addition to the team: "We are very excited that Martin has accepted our invitation to join Firefox's board. As a key leader in the Lumina group of companies, he was surrounded by discovery and transactional success. His expertise in matters of finance and the capital market is self-evident. In addition to his role as director, Martin will serve as chair of our audit committee. We look forward to the benefits of Martin's experience in our financial reporting, internal controls and governance as we grow and develop our portfolio of assets."

Corporate update

In association with additions to the team, Firefox also announces that it has granted 300,000 stock options at an exercise price of 85 cents to certain consultants, directors and employees of the company. The options were issued at a premium to the closing share price on the trading day preceding the stock option grant (84 cents). These stock options have been granted pursuant to the company's stock option plan and will expire five years from the date of grant.

About Firefox Gold Corp.

Firefox Gold is listed on the TSX Venture Stock Exchange under the ticker symbol FFOX. Firefox also trades on the OTCQB Venture Market Exchange in the United States under the ticker symbol FFOXF. The company has been exploring for gold in Finland since 2017 on a large portfolio of ground prospective for high-grade gold deposits. The delineation of multiple gold zones at the company's 100-per-cent-held Mustajarvi project is paving the way for the discovery of Finland's next major gold deposit.

Having a strong mining law and long mining tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted its prospectivity, and Firefox maintains a portfolio of several 100-per-cent-owned gold exploration projects and one project that is the subject of an earn-in agreement with Agnico Eagle Mines Ltd. Firefox is also proud to have a Finland-based chief executive officer and technical team.

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