Effective at the opening, Wednesday, Feb. 11, 2026, the common shares of Gemdale Gold Inc. will commence trading on the TSX Venture Exchange. The company is classified as a gold and silver ore mining company.

The company's non-offering prospectus dated Jan. 30, 2026, has been filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the Ontario Securities Commission (as principal regulator), on Feb. 2, 2026, pursuant to the provisions of the Ontario Securities Act, and has been filed under Multilateral Instrument 11-102, Passport System, in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island, and Saskatchewan.

Pursuant to the prospectus, the gross proceeds received by the company for the previously issued subscription receipt financing were $4,276,550 (4,276,550 subscription receipts at an issue price of $1 per subscription receipt). Each subscription receipt was converted into one common share and one-half of one warrant of the company, resulting in 4,276,550 common shares and 2,138,275 warrants distributed under the prospectus. The subscription receipt financing was completed on Sept. 5, 2026.

The company also entered into a subscription agreement with Eldorado Gold Corp. on Jan. 15, 2026, pursuant to which Eldorado has agreed to purchase from the company two million units at a price of $1.20 per Eldorado unit, for gross proceeds of $2.4-million. Each Eldorado unit will comprise one common share and one-half of one warrant of the company. The issuance of the Eldorado units remained conditional on, among other matters, the listing of the company's common shares on the TSX Venture Exchange. Pursuant to the subscription agreement with Eldorado, the Eldorado Units uay not be issued on a date later than Feb. 15, 2026.

The deemed price per common share for the listing application was $1.20.

Corporate jurisdiction:  British Columbia

Capitalization:  unlimited common shares with no par value, of which 21,102,722 common shares are issued and outstanding (following the issuance of the Eldorado units)

Escrowed shares:  8,328,960 common shares

Transfer agent:  Marrelli Trust Company Ltd.

Trading symbol:  GEMG (new)

Cusip No.:  368643 10 2 (new)

For further information, please refer to the company's prospectus dated Jan. 30, 2026.