Mr. Roger Moss reports

LABRADOR GOLD ANNOUNCES MANAGEMENT ADDITIONS

Effective today, Raymond D. Harari, a director of Labrador Gold Corp., has been appointed as president of the company, and that Robert Mason has been appointed as corporate secretary.

"I am delighted to welcome Ray as president and Rob as corporate secretary of LabGold," said Roger Moss, chief executive officer of LabGold. "Since joining the board of directors in mid-October, Ray has already made an immense contribution to the company, bringing a fresh perspective, tremendous energy and a wealth of capital markets experience. His impact has been immediate, and I am confident that his expanded leadership role will be instrumental as we evaluate strategic opportunities and position LabGold for its next phase of growth. Rob's extensive experience in securities law, corporate governance and mining transactions further strengthens our team at an important time for the company. I look forward to working closely with both Ray and Rob as we pursue our shared objective of maximizing shareholder value."

Mr. Harari is the founder of Canalis Capital, a Panama-based merchant banking firm focused on the natural resources sector. He has extensive experience in corporate finance, capital markets and strategic transactions, having held senior executive and board positions with numerous publicly traded mineral exploration companies throughout his career.

Mr. Mason is the founder and principal of Mason Law, a Toronto-based law firm specializing in corporate and securities law, mergers and acquisitions, and mining transactions. Mr. Mason has over 25 years of experience advising publicly traded companies, institutional investors and boards of directors on corporate finance, capital markets transactions, strategic acquisitions, and corporate governance matters.

To create vacancies for the appointments of Mr. Harari and Mr. Mason, Dr. Moss has resigned as president, remaining as the company's chief executive officer and director, and Bill Johnstone has resigned as corporate secretary. The company thanks Mr. Johnstone for his six plus years of service to LabGold.

About Labrador Gold Corp.

Labrador Gold is a Canadian-based hybrid mining and investment issuer focused on the acquisition and exploration of prospective mineral projects in Canada and on strategic investments in mining companies and assets that the company believes have the potential to generate long-term value.

The Mariposa project covers 16,000 hectares in the White gold district and is 40 kilometres southeast of the White gold project and 30 kilometres east-northeast of Fuerte's Coffee gold project. Mariposa shares many geological similarities to both the Golden Saddle (part of the White gold project) and Coffee gold deposits including host lithologies, mineralization style and structural control. The property occurs at the headwaters of significant placer gold producing creeks with historic placer production of 73,000 ounces from Scroggie Creek (3) indicative of significant bedrock gold mineralization yet to be fully defined. Six significant gold occurrences have been delineated by over 13,000 soil samples to date, including the most advanced Skookum Main and Skookum West prospects. LabGold has the option to earn a 100-per-cent interest in the Mariposa project from Pacific Ridge Exploration Ltd.

The Watson project, a 70:30 joint venture with Nemo Resources Inc., represents the largest landholding in the Fort Hope greenstone belt, which is significantly underexplored compared with other greenstone belts (that is, Red Lake and Pickle Lake) in Northwestern Ontario. While the exploration focus will be on gold, the Watson project also hosts significant potential for critical minerals (that is, antimony, nickel, copper and zinc). The proposed road to the Ring of Fire, expected to begin construction in mid-2026, runs through the Watson property and, once complete, will significantly reduce exploration and development costs.

The 100-per-cent-owned 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. LabGold'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 LabGold. 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 100-per-cent-owned Borden Lake project near Chapleau, Ont., lies immediately southeast of Discovery Silver Corp.'s Borden gold mine. Past exploration by LabGold identified two anomalous gold zones based on geochemistry and geophysics.

The company has 286,012,288 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

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