Mr. Ravi Sood reports

GOLDCONDA GOLD RELEASES Q3 2026 PRODUCTION UPDATE AT GALAXY

Golconda Gold Ltd. had record quarterly production of 4,301 ounces of gold for the third quarter (Q3) of 2026 at its Galaxy gold mine, an increase of 18 per cent in gold production compared with Q2 (second quarter) 2026 and an increase of 20 per cent compared with Q3 2025.

The Q3 2026 production numbers are provided in the attached table.

Golconda Gold chief executive officer Ravi Sood commented: "We are pleased to announce record quarterly gold production at Galaxy for Q3 2026, including record ore tonnes mined, processed and development metres. Our recent investment in underground mining equipment and surface infrastructure has significantly increased equipment availability and mining cycle efficiency, and we expect further operational improvements going forward in the final quarter of 2026."

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 the OTCQX under the symbol GGGOF. Golconda Gold's management team comprises 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.

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