Mr. Frank Basa reports

GRANADA GOLD MINE ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT FOR THE GRANADA GOLD PROJECT, QUEBEC, WITH UPDATED RESOURCE ESTIMATE

Granada Gold Mine Inc. has filed SEDAR+ of a technical report for its Granada gold project. The report, dated Aug. 7, 2026, and effective as of June 23, 2026, is entitled "NI 43-101 Technical Report on the Granada Gold Project Mineral Resource Estimate Update, Rouyn-Noranda, Quebec, Canada." The report can also be found on the company's website.

The report was prepared following the regulations laid out in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, by Claude Duplessis, ing (PEng), of GoldMinds Geoservices Inc., an independent qualified person as defined by National Instrument 43-101.

The report provides an updated 2026 mineral resource estimate for the company's 100-per-cent-owned Granada gold project, a past-producing property located adjacent to the prolific Cadillac Break in the Abitibi greenstone belt near Rouyn-Noranda, Que., and within trucking distance of several operating gold mines and mills in northwestern Quebec.

The updated 2026 mineral resource estimates were initially disclosed in a Granada news release dated June 23, 2026.

Qualified person

This news release was reviewed and approved by Claude Duplessis, ing (PEng), of GoldMinds Geoservices Inc., an independent qualified person as defined by National Instrument 43-101.

About Granada Gold Mine Inc.

Granada Gold Mine continues to develop and explore its 100-per-cent-owned Granada gold property near Rouyn-Noranda, Que., and is adjacent to the prolific Cadillac Break. The company owns 14.73 square kilometres of land in a combination of mining leases and claims. The company is currently advancing the Granada gold project through an updated mineral resource estimate and preliminary economic assessment, with drilling planned to target both lateral extensions and depth expansion of the existing mineral resource.

The Granada shear zone and the South shear zone contain, based on historical detailed mapping as well as from current and historical drilling, up to 22 mineralized structures trending east-west over 5.5 kilometres. Three of these structures were mined historically from four shafts and three open pits. Historical underground grades were eight to 10 grams per tonne gold from two shafts down to 236 metres and 498 m with open pit grades from 3.5 to five grams per tonne gold (National Instrument 43-101 reference).

The property includes the former Granada Gold underground mine which produced more than 50,000 ounces of gold at 10 grams per tonne gold in the 1930s from two shafts before a fire destroyed the surface buildings. In the 1990s, Granada Resources extracted a bulk sample (pit No. 1) of 87,311 tonnes grading 5.17 g/t Au. They also extracted a bulk sample (pit No. 2) of 22,095 tonnes grading 3.46 g/t Au. Details available on the company's website.

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