Mr. Jason Bontempo reports

GLADIATOR'S 2026 DRILLING TO COMMENCE MID-APRIL

Gladiator Metals Corp. will soon commence drilling at Cowley and Cub East, with a third rig scheduled to mobilize at the end of April to test Great Southern.

Highlights: 2026 -- initial 35,000 metres planned:

1. Cowley resource delineation and extension drilling commencing under Gladiator's Class 3 permit; initial focus on bringing the Southern and Northern limbs to surface and delineating high-grade portions of the Northern limb.
2. Follow-up drilling at the newly discovered Cub East: a standout new discovery of high-grade copper-gold-magnetite skarn located only two kilometres west of Cowley that holds potential to deliver rapid new significant resources under the Class 3 permit;
3. Drilling at the Great Southern target will test a standout gravity and IP (induced polarization) response, the technique that highlighted the Cub East discovery above;
4. Located only 1.5 kilometres south of Cowley and three kilometres east of Cub East, the Great Southern gravity and IP response is demonstrably larger than the Cowley mineralized system.

Gladiator chief executive officer Jason Bontempo commented: "We are very excited to begin our 2026 drilling campaign with an initial planned 35,000 metres under the new Class 3 permit, allowing for rapid copper discovery and resources drilling at the Whitehorse copper project. At Cowley, the focus will on bringing both the Southern and Northern limb mineralization towards surface while demonstrating the continuity of the high-grade copper mineralization zones.

"At Cub East, follow-up drilling is building directly on the highly successful late 2025 program that delivered a major new high-grade copper-gold-magnetite skarn discovery. This was a previously untested target, right next to the historic Black Cub South open pit, and the results so far have clearly demonstrated both strong grades and excellent continuity. The Class 3 permit now allows Gladiator to rapidly advance drilling at Cub East to determine the size and scale of this new discovery which is located only two kilometres west of Cowley.

"At Great Southern, we're preparing to drill what is a highly compelling, district-scale target. The gravity and IP anomaly there is not only significantly larger, but also stronger than the Cowley system response to the north. The northern portion alone covers an area approximately two kilometres by 1.2 kilometres, and we believe this represents real potential for a significant new mineralized system within the broader Cowley corridor."

Summary

Gladiator Metals will commence a fully permitted and fully financed initial 35,000-metre drill program in April, 2026. The program will focus on accelerating resource extension and definition at Cowley, rapidly expanding the high-grade Cub East discovery, and delivering a first-pass test of the district-scale Great Southern target.

Cowley resource delineation drilling

From mid-April, 2026, Gladiator intends to conduct a minimum of 8,000 metres of drilling at Cowley. Drilling is designed to advance resource delineation efforts under Class 3 permit conditions, which provide increased and more flexible drill density within and external to the boundaries of the established mineralized system that Gladiator has been unable to test to date. By employing a regularly spaced grid system, Gladiator will be able to systematically test the mineralized zones, facilitating comprehensive resource drilling.

The initial priority will be to:

• Target expansive, sectional and infill drilling in areas allowing for high-grade mineralization to be encapsulated into future resource models;
• Unlock the potential of near-surface, high-grade mineralization to integrate into future resource models for both the southern and northern limbs of the deposit; this allows Gladiator to maximize the shallow potential of the resource where Gladiator has been unable to deploy a rig directly above the shallow ore, offering an exciting opportunity to bring premium mineralization right to the surface.

Cub East drilling

Drilling at Cub East is planned to further test mineralization discovered in late 2025 from drilling that targeted IP and gravity anomalies beneath shallow cover.

Five holes were completed over the target area, with all holes intersecting high-grade copper-gold-silver magnetite skarn over 300 metres of strike within a broader 800-metre coincidental anomalous IP and gravity geophysical corridor. Drilling returned:

• BCG-014 returned 44.2 metres at 1.69 per cent Cu, 0.93 gram per tonne gold and 15.39 grams per tonne silver from 173.8 metres, including:
  • 27 metres of 2.56 per cent copper, 1.44 g/t Au and 23.85 g/t Ag from 183.0 metres;
• BCG-017 returned 17.70 metres at 1.76 per cent Cu, 0.69 g/t Au and 13.62 g/t Ag from 176.3 metres, including:
  • 13.7 metres at 2.20 per cent Cu, 0.88 g/t Au and 17.34 g/t Ag from 176.3 metres;
• BCG-015 returned 16.3 metres at 1.51 per cent Cu, 0.24 g/t Au and 3.20 g/t Ag from 121.7 metres, including:
  • 9.3 metres at 2.45 per cent Cu, 0.29 g/t Au and 3.91 g/t Ag from 121.7 metres.

Gladiator is presently conducting a 3-D IP survey over the Cub area to enhance its understanding of the intrusive architecture and to further define the zones of high chargeability identified in late 2025 that led to the discovery holes at Cub East.

Upon completion of this survey, Gladiator intends to expand the known strike extents of mineralization and target up-dip extensions from existing drilling, with the objective of bringing mineralization closer to surface.

Great Southern exploration drilling

Gladiator expanded coverage of its continuing high-definition gravity surveys throughout the broader Cowley area in late 2025. This extension of the gravity survey resulted in the identification of a significant high-density anomaly, referred to as Great Southern, which is situated approximately 1.5 kilometres south of the main Cowley zone and the previously known Cowley South target.

The newly identified anomaly extends for more than two kilometres in a north-south orientation and 1.2 kilometres in an east-west direction. The northern portion of the anomaly, which displays a higher-density response, aligns with a magnetic low. This magnetic low is thought to be associated with an intrusive body, as indicated by the presence of a circular feature showing a low magnetic response.

To further investigate the anomaly, Gladiator completed three lines of IP survey across the area, with all lines returning intense chargeability responses over a currently defined 600 metres of strike.

The chargeability response observed at Great Southern is also considerably higher than the central line completed over the main gravity anomaly at Cowley that may be indicative of a qualitative higher-sulphide system.

Exploration strategy -- 2026

Gladiator completed approximately 50,000 metres of drilling during 2025 targeting high-grade copper skarns throughout the Whitehorse copper belt.

With a planned fully financed exploration budget of greater than $15-million and approximately 40,000 metres of drilling already planned for 2026, Gladiator is poised to complete a very exciting and positive year focused on the drill bit.

Plans are also underfoot to keep rolling out the geophysical road map over the broader belt to continue the highly successful return on investment from gravity followed by IP experienced in 2025, with a doubling of the geophysical budget that led to the new discovery at Cub East and the generation of the Great Southern target south of Cowley. This is to ensure that Gladiator maintains a pipeline of high-quality resource opportunities into the future:

1. Advancing Cowley to resource definition and expansion:
   • Cowley resource target: complete drilling framework for an initial resource at Cowley;
   • Cowley exploration: targeting upside potential for further copper-skarn mineralization at Cowley, including drill testing of the highly ranked Cowley clone at Great Southern (approximately 1.5 kilometres south of Cowley resource definition drilling);
   • Cowley porphyry exploration: targeting intrusive-hosted mineralization through hyperspectral and multielement geochemical vectoring combined with geological observations and existing geophysical data sets (refer to news release dated Aug. 11, 2025: "Gladiator Discovers New Zone in First Drilling Below 200m at Cowley");
2. Progressing the new discovery at Cub East:
   • Cub East: expand the known mineralization along strike, up and down dip;
   • Cub trend exploration: drill test further IP anomalies proximal to Cub East discovery;
3. Exploration drilling:
   • The Chiefs trend presents a significant opportunity to identify and develop additional high-grade, near-term copper resources; a deep IP program is planned to build upon previous successes and leverage both historic and newly identified targets within the area; this includes evaluating areas where recent work has defined new geophysical targets that remain untested, including an IP chargeability high identified at the depth limit of the survey completed in 2025 immediately to the west of the Little Chief open pit and underground mine that has never been drill tested;
   • Valerie: conduct preliminary sectional drilling (fences) throughout the identified mineralization zone to evaluate the viability of the trend exceeding one kilometre and assess its economic potential;
   • Best Chance: further drill testing of outcropping and shallow covered high-grade, magnetite-copper skarn mineralization and broader widths of copper-silicate skarn and test continuity of mineralization between the Best Chance and Arctic Chief prospects;
   • Arctic Chief: highlight continuity of high-grade, near-surface copper and gold mineralization for future resource drilling;
   • Targeting intrusive-hosted mineralization: further targeting of intrusive-hosted mineralization; this will be achieved by integrating hyperspectral data and multielement geochemical vectoring with geological observations and the extensive existing geophysical data sets; the methodology and rationale are supported by findings from the news release dated Sept. 15, 2025, "Gladiator Identifies New Skarn and Intrusive Related Copper-Gold Mineralization in First Drilling at Valerie and Little Chief."

Drilling will be complemented by the continual expansion of geophysical road map programs that were incorporated throughout 2025 with great success. These include continuing induced polarization surveys and gravity surveys, all designed to enhance drill targeting within prospect areas and identify additional opportunities for exploration.

The Whitehorse copper project

The Whitehorse copper project is an advanced-stage high-grade copper, molybdenum, silver and gold skarn exploration project in Yukon, Canada.

Copper mineralization was first discovered in 1897 on the Whitehorse copper belt and comprises over 30 copper-related, primarily skarn occurrences covering an area of 35 kilometres long by five kilometres wide on the western margin of Whitehorse, Yukon.

Exploration and mining development have been carried out intermittently since 1897, with the main production era lasting between 1967 and 1982, where production from primarily the Little Chief deposit totalled 267.5 million pounds copper, 225,000 ounces of gold and 2,838,000 ounces of silver from 10.5 million tons of mineralized material milled (Watson, 1984). The Whitehorse copper project is accessible by numerous access roads and trails located within two kilometres of the South Klondike Highway and the Alaska Highway. An extensive network of historical gravel exploration and haul roads exists throughout the project area, providing excellent access to the claim package. Access to existing electric power facilities is available through the main Yukon power grid.

Project highlights:

• Advanced 35-kilometre-long high-grade copper belt;
• Located on western margin of infrastructure-rich Whitehorse, Yukon;
• Greater than 40,000 metres of drilling planned for 2026, focused on near-term high-grade copper skarn resources prospects, including the cornerstone Cowley prospect (further assays pending), Chiefs trend, Cub trend and Arctic Chief trend all within 15 kilometres of strike of each other;
• Targeting to report maiden high-grade copper National Instrument 43-101-compliant inferred resource(s) in 2026;
• The Whitehorse copper project area was a previous producer at Little Chief, Arctic Chief, Keewenaw, Black Cub South and other deposits;
• Between 1967 and 1982, Hudson Bay Mining & Smelting mined 10.5 million tonnes at 1.5 per cent copper plus 0.75 g/t Au (P.H. Watson, 1984, The Whitehorse Copper Belt -- A Compilation, Yukon Geological Survey, Open File 1984-1);
• Key institutional investors -- Dynamic, Mackenzie, Macquarie Bank and Orimco.

Qualified person

All scientific and technical information in this news release has been prepared or reviewed and approved by Kell Nielsen, the company's vice-president, exploration, a qualified person as defined by NI 43-101.

We seek Safe Harbor.