Mr. Ravi Sood reports

GOLCONDA GOLD ANNOUNCES APPOINTMENT OF NEW GENERAL MANAGER FOR THE SUMMIT MINE

Alan Linden has been appointed as the general manager of Golconda Gold Ltd.'s Summit mine, located in New Mexico, United States.

Mr. Linden has over 35 years experience as a mining engineer and project manager with a focus on underground mining and mine restart and expansion projects. Most recently working for a large multinational mining contractor, he has spent the majority of his career working in the United States and Canada, and will be based at the Summit mine. He is a professional engineer and has a mining engineering degree from Queen's University in Ontario, Canada.

"I am very pleased to welcome Alan as the general manager of our Summit mine, which we are targeting a restart of in the second quarter of 2026. Alan's extensive experience in underground mining and project restarts and expansions will be invaluable to the company as we start up operations at Summit. We are excited about the commencement of production at Summit, bringing a second operating asset in a Tier 1 jurisdiction into the company and adding significant exposure to silver going forward," commented Ravi Sood, chief executive officer of Golconda Gold.

About Golconda Gold Ltd.

Golconda Gold is an unhedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. Golconda Gold is a public company, and its shares are quoted on the TSX Venture Exchange under the symbol GG and on the OTCQB under the symbol GGGOF. Golconda Gold's management team is composed of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programs. Golconda Gold is committed to operating at the highest standards, focused on the safety of its employees, respecting the environment and contributing to the communities in which it operates.

We seek Safe Harbor.