An anonymous representative of Asian Investment reports

ASIAN INVESTMENT MANAGEMENT SERVICES LIMITED HOLDINGS IN GEMDALE GOLD INC.

Asian Investment Management Services Ltd. has an existing total holding of 3,202,333 common shares and 250,000 common share purchase warrants of Gemdale Gold Inc.

In connection with the listing of the common shares of the issuer, AIMSL announces that, immediately prior to the issuer becoming a reporting issuer, it held 3,202,333 common shares of the issuer, representing 15.18 per cent of the issued and outstanding shares of the issuer on an undiluted basis. In addition, AIMSL owns 250,000 common share purchase warrants. If AIMSL exercised all of its warrants, it would then have owned 3,452,333 common shares of the issuer, representing 16.17 per cent of the issued and outstanding shares of the issuer on a partially diluted basis, assuming no further common shares of the issuer have been issued. The holding percentages are calculated based on the total number of shares outstanding reflected in the issuer's long form prospectus dated Jan. 30, 2026. No securities were acquired by AIMSL on the date of this press release.

AIMSL acquired the securities for investment purposes. AIMSL may, in the future, participate in financings and/or acquire or dispose of securities of the issuer in the market, privately or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

The disclosure respecting AIMSL's shareholdings contained in this press release is made pursuant to the National Instrument 62-103 and/or the National Instrument 62-104, and a report respecting the above acquisition will be filed with the applicable securities commissions using the Canadian SEDAR+ and will be available for viewing at SEDAR+ under the company's profile.