Mr. Todd Hilditch reports

KINROSS GOLD SUBMITS EXPLORATION PLAN OF OPERATIONS FOR RILEY GOLD'S PWC PROJECT (CORTEZ DISTRICT - NEVADA)

Preparation is under way for the completion of an exploration plan of operations (EPO) for Riley Gold Corp.'s Pipeline West/Clipper gold project (PWC) located in the Cortez mining district of the Battle Mountain-Eureka trend. PWC is operated by Kinross Gold U.S.A. Inc., a wholly owned subsidiary of Kinross Gold Corp. (Toronto Stock Exchange: K) (New York Stock Exchange: KGC), under an exploration earn-in agreement executed in March, 2024.

"This EPO submission represents a major milestone and significant commitment by Kinross to unlock the full potential of the PWC gold project," said Todd Hilditch, president and chief executive officer of Riley Gold. "The proposed EPO project boundary is 14 square kilometres (3,478 acres), would allow for up to 500 drill sites in phases and proposes up to 250 acres of disturbance. Once approved by the Bureau of Land Management and State of Nevada, the EPO will allow for a significant acceleration of exploration and drilling efforts on high-priority targets identified from successful exploration efforts by Kinross."

Riley Gold and Kinross have been conducting exploration activities within the PWC project area under a notice of intent, allowing the company to disturb up to five acres of land with continuing reclamation. Exploration results to date have been encouraging and as such planning for expanding exploration and drilling activities within the PWC claim boundary are essential.

The EPO, upon approval by the Bureau of Land Management and State of Nevada, would allow Kinross to conduct exploration activities across 14 square kilometres (3,478 acres) within the PWC project. The additional exploration activities would include up to 500 drill sites constructed with each drill site having an approximate 100-foot-by-100-foot working surface, drill pads and sumps, access roads, overland travel and laydown areas. The program will continue to evolve with each iterative step designed to identify and test multiple high-priority targets identified through 2025 and 2026 drilling, seismic/geophysical surveys and geochemical soil sampling. Planned drilling for 2026 continues to be on track for late spring (2026).

About Riley Gold Corp.

Riley Gold is an exploration and development company focused in Nevada, United States, with assets located in the Battle Mountain Eureka trend (within the Cortez district) and the Walker Lane trend. Riley Gold's founders and leadership team have a proven record of maximizing shareholder value during each phase of the mining life cycle: exploration, development and production.

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