Mr. Brian Hinchcliffe reports

LEGACY GOLD ADVANCES CORE DRILLING TO UNDRILLED NORTHWEST ZONE AT THE BANER GOLD MINE PROPERTY; RC DRILLING ON TARGET FOR JULY START

Legacy Gold Mines Ltd., following completion of a key set of core holes at the Main zone on the Baner gold mine property in Idaho county, Idaho, is advancing core drilling to the undrilled Northwest zone. The company's 2026 permits and approvals provide for drilling from 13 new pads across the Baner property, including pads in key target areas of the Northwest zone. Under its 2026, 40,000-foot exploration plan for the Baner property, Legacy Gold intends to strategically core drill the first 12,000 feet (3,658 metres) and then use reverse circulation (RC) to drill the remaining 28,000 feet (8,536 metres). This program follows up on the successful 2025 results by targeting the Main and Northeast zones, as well as new exploration targets to the northwest indicated by large gold-in-soil anomalies coincident with geophysical conductors and similar magnetic highs as are in the Main zone.

"The Northwest zone contains gold-in-soil values greater than one gram per tonne gold and includes 1,700-metre and 530-metre gold-in-soil anomalies," said Mike Sutton, vice-president geology. "With the key core holes in the Main zone nearing completion, our objective is to extend mineralization into this previously undrilled Northwest zone."

"As commercially important as the Main zone drilling has been, it is exciting to be testing the possibility of a significant extension of gold mineralization at the Baner property," said Brian Hinchcliffe, chairman and chief executive officer of Legacy Gold. "Meanwhile, the second core drill will complete the remaining holes in and around the Main zone as we prepare for the planned start of RC drilling in July and continue advancing parallel technical work and projects relevant to our visualization of potential future production scenarios."

Drilling targets

Main zone

Drilling in 2025 intersected very wide zones such as new assays of 0.55 g/t Au over 187.5 m (615 feet) in the middle, 0.52 g/t Au over 108.2 m (355 ft.) in the south, and new assays of 0.57 g/t Au over 64.0 m (210 ft.) in the north (see the company's March 17, 2026, press release). The deposit remains open in all directions. Drilling in 2026 will primarily drill up-hill from the drilling to date in the Main zone to follow the interpreted flatter east-dipping veins to surface. On the south end of the north-south Main zone are the Baner zones. They are east-west trending and have up to 20 historical adits and shafts along them for 3,000 ft. Thirty-five holes are planned in this area (seven core holes and 28 reverse-circulation holes).

NE zone

The NE zone is separated by a 400 m undrilled gap from the Main zone. It has limited drilling from 2020 by previous operators but contains multiple mineralized zones of similar grades/widths like the Main zone. Together with the Main zone, these are the areas that the initial exploration target at the Baner property is based on and which Legacy Gold is aggressively drilling in 2026 in order to delineate a mineral resource. Ten holes are planned in this NE zone (two core holes and eight RC holes).

NW zone

The NW zone is located 1,700 m northwest of the Main zone along similar geophysical and geochemical anomalies as the Main zone. Similar magnetic highs, IP conductors and high gold-in-soil anomalies (up to 1.0 g/t gold) are located along this NW trend, as is found at the Main zone, yet it has never been drilled. The closest drill hole is the step-out hole No. 6 drilled in 2025 that returned a continuous intersection of 0.57 g/t Au over 64.0m (210 ft.) from surface. It was located approximately 136 m northwest of the other nearest drilling. Another zone that will be drilled is located to the west and is identified by a 530 m long north-south soil anomaly with a high of 1.1 g/t. All together, six holes are planned in the NW zone (four core holes and two RC holes).

The 2025 surface drill program at the Baner property focused on testing for continuity of high-grade and wide low-grade zones of mineralization with a new flatter-dipping interpretation of zones controlled by major structures that acted as conduits for gold-bearing fluids. This would result in better continuity of mineralization, the potential resource can be far greater and the strip ratio in a production scenario would be greatly decreased. The company is targeting high-grade mineralization that is amenable to open pit, heap-leach development.

Exploration target

Results from the recent 2025 drilling and previous drilling and exploration have supported the initial exploration target at the Baner property of approximately 50.3 million to 55.3 million tonnes, at average grades ranging from approximately 0.72 g/t Au to 0.91 g/t Au. Furthermore, this initial exploration target was estimated prior to the receipt of the new assays reported by the company in March, 2026, which represent approximately 30 per cent of the 2025 drill program. The potential quantity and grades of the exploration target are conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain whether further exploration will result in the target being delineated as a mineral resource. The exploration target does not represent a mineral resource estimate and has not been prepared in accordance with NI 43-101 mineral resource categories.

Basis for initial exploration target

This initial exploration target was estimated before the new assays reported by the company in March, 2026, were received. It is limited to 1,000 m for the Main zone (plus 500 m at Baner mine trend) and 370 m for the NW zone within 1,370 m of the Orogrande structure. The initial exploration target excludes the adjacent soil anomalies along strike which indicate significant room to grow. This preliminary target also excludes other targets on the Baner property that have overlapping geophysical magnetic and conductor/soil/structural anomalies similar to where the drilling has taken place to date. The anomalous soils extend another 600 m in the immediate area, while other soil anomalies suggest a further 2,200 m -- if drilling in those areas intersects similar criteria, the exploration target would increase.

The conceptual volumetric calculations are derived from sectional interpretation and geological modelling. The geological information was collected from a total of 46 drill holes for 10,459 m drilled over 2.3 kilometres of strike by Legacy Gold in 2025 (RC) and Idaho Champion (core) in 2018 and 2020.

The gold grade range of the exploration target has been calculated from the significant number of drill intercepts returned from the 46 holes completed to date. There are 114 intersections which are above 0.2 g/t cut-off. A minimum width of five m was used (five m benches). The volume range (tonnages) of the exploration target is defined by the drilling completed combined with the evidence up-dip given by similar grade soils to where drilling has taken place.

The company intends to conduct additional drilling and technical studies to evaluate whether sufficient data may be obtained to support a future mineral resource estimate.

Review by qualified person

Mike Sutton, PGeo, director and VP of exploration of the company, is the qualified person, as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, who reviewed and approved scientific and technical disclosure in this press release. The qualified person has not reviewed the mineral tenure, nor independently verified the legal status and ownership of the Baner property or any underlying property agreements.

About Legacy Gold Mines Ltd.

The company is a Canadian-based gold exploration and development company that holds an option to acquire a 100-per-cent undivided interest in the mineral claims comprising the Baner gold mine property located in Idaho county, Idaho.

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