Mr. Roger Moss reports

LABRADOR GOLD'S BOARD OF DIRECTORS SENDS LETTER TO SHAREHOLDERS WARNING OF DISSIDENT ATTEMPT TO SEIZE CORPORATE CASH

Labrador Gold Corp. has filed and will commence mailing of a letter to shareholders in connection with the upcoming annual general and special meeting of shareholders to be held on Feb. 24, 2026. In the letter, the board of directors of the corporation outlines serious concerns regarding an attempt by Coloured Ties Capital Inc. (the dissident) and its principal, Kulwant (Kal) Malhi, to gain control of the corporation's cash for self-serving interests.

• Urges shareholders to act today and vote only on the blue proxy or VIF to protect Labrador Gold from a self-serving dissident who is attempting to take control without paying shareholders a premium;
• Questions? need help voting blue? contact Kingsdale Advisors at 1-888-518-6813 (toll-free in North America), e-mail contactus@kingsdaleadvisors.com, or visit The Future of Lab website.

The dissident's no-premium takeover attempt threatens shareholder value

The dissident is attempting to gain effective control of Labrador Gold without paying a premium to all shareholders, while exposing shareholders to the downside risk of conflicted capital allocation decisions without any corresponding compensation. The dissident and its nominees have clear conflicts of interest and a history of shareholder value destruction, raising serious concerns that they could redirect the corporation's cash for purposes that do not benefit all shareholders. Once the corporation's cash is spent, shareholders cannot vote it back, underscoring the importance of protecting Labrador Gold's financial resources from a self-serving dissident.

The board unanimously recommends that shareholders vote for all Labrador Gold's resolutions and vote against/withhold on the dissident's resolutions. Vote only on the blue form of proxy or blue voting instruction form (blue VIF) in line with the corporation's recommendations and disregard any GOLD proxy materials you may receive from the dissident.

The corporation's management information circular and related proxy materials for the meeting are available at The Future of Lab website.

Have questions or need help voting blue?

Shareholders who require assistance should contact Labrador Gold's strategic adviser, Kingsdale Advisors, at:

• North America (toll-free): 1-888-518-6813;
• Outside North America (call or text): 1-647-251-9740;
• E-mail: contactus@kingsdaleadvisors.com;
• Website: The Future of Lab website.

About Labrador Gold Corp.

Labrador Gold is a Canadian-based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

The Hopedale property covers much of the Archean-age Florence Lake greenstone belt, which extends over 60 kilometres. While typical of greenstone belts globally, the area has been underexplored. Labrador Gold's work to date has identified gold anomalies in rocks, soils and lake sediments across a three-kilometre section of the northern portion of the belt. Five gold occurrences lie along this trend, four of which were discovered by Labrador Gold. Additional anomalous gold values occur across approximately 40 kilometres of the southern portion of the belt. Recent exploration has also demonstrated potential for copper, nickel and cobalt.

The Borden Lake project near Chapleau, Ont., lies immediately southeast of Discovery Silver Corp.'s Borden gold mine. Past exploration by Labrador Gold identified two anomalous gold zones based on geochemistry and geophysics.

The corporation has 170,009,979 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

We seek Safe Harbor.