Mr. Jonathan Wiesblatt reports

TRIDENT INTERSECTS 4.61 G/T AU OVER 38.48M FROM 77.00M, INCLUDING 5.48 G/T OVER 26.14M FROM HOLE 26028 - 200M ENE OF 2025 DRILLING. HOLE 26025 INTERSECTS 11.97 G/T OVER 10.70M FROM 324.20M AT CONTACT LAKE, EXPANDS WINTER DRILL PROGRAM

Trident Resources Corp. has released assay results for the first nine diamond drill holes from the continuing 2026 winter drill program at the Contact Lake gold project in Northern Saskatchewan. Hole CL26028 returned high-grade gold values from numerous broad zones within the Bakos shear zone. This mineralization was discovered over 200 metres east-northeast from high-grade gold reported in hole CL25003 from Trident's 2025 fall drill program (previously reported CL 25003 intersected 7.03 grams per tonne over 43.25 metres from 121.00 metres). The company has decided to increase this winter phase of drilling from 10,000 m to 13,000 m.

The consistency of broad mineralized intervals, together with well-developed high-grade cores, demonstrates Contact Lake is hosting a laterally and vertically extensive gold system rather than a collection of isolated intercepts. The emerging scale and continuity of mineralization confirm the presence of a robust, cohesive gold system that remains open in all directions.

Highlights:

• Hole CL26028 returned 4.61 g/t gold over 38.48 m from 77.00 m:
  • Including 5.48 g/t Au over 26.14 m from 79.36 m;
  • Including 19.98 g/t Au over 5.15 m from 79.36 m;
  • Including 33.16 g/t Au over 1.89 m from 79.36 m;
• In a separate shallower zone, hole CL26028 returned 19.07 g/t Au over 4.25 m from 60.00 m;
• Hole CL26025 returned 11.97 g/t Au over 10.70 m from 324.30 m:
  • Including 39.26 g/t Au over 2.65 m from 332.35 m;
• Hole CL26026 returned 8.18 g/t Au over 3.50 m from 279.00 m;
• All nine holes reported intersected gold mineralization; assays are pending for 20 more holes from the Contact Lake program;
• Based on the reported results thus far and visual inspection of drill core in holes with assays pending, the 2026 winter drill program has been expanded from a planned 10,000 m to approximately 13,000 m;
• The company is fully financed for additional aggressive drilling throughout the summer and fall of 2026;
• The discovery of high-grade gold in hole CL25028 is crucial in that it represents an important advancement for testing future extensions of the mineralization both at depth and along strike.

Jonathan Weisblatt, chief executive officer and director, stated: "We are extremely encouraged by these results, which continue to demonstrate the strength and continuity of the mineralized system at Contact Lake. Encountering additional high-grade mineralization both along strike and at depth reinforces our view that we are not dealing with isolated occurrences, but with a growing, cohesive gold system. The scale, geometry and consistency emerging from our drilling are increasingly reminiscent of systems seen in proven gold belts in Canada and globally, and we believe Contact Lake is on a similar trajectory.

"The most recent analytical results confirm that Contact Lake plays host to a robust mineralizing system that continues to return strong gold mineralization at distance along strike and downdip from the historical mine workings.

"As we continue our winter drilling program, we are building on the exciting momentum established to date. Each new hole is sharpening our understanding of the geology, the controls on mineralization and the broader characteristics of the Contact Lake system. With a strong balance sheet of more than $30-million, we are well positioned to execute one of the largest gold exploration program in the La Ronge gold belt in several decades. Our planned 30,000 to 40,000 metres of drilling in 2026 will allow us to aggressively test the systems, expand known mineralization and unlock the full potential of this emerging gold deposit."

Summary of drilling

The first seven holes of the 2026 winter program were drilled from land-based locations along the low-density drill corridor located immediately northeast of the existing underground mining infrastructure. However, the majority of the 2026 winter drill program will test for the extension of gold mineralization at the BK3 zone, an area located to the northeast below Contact Lake.

Highlight hole CL26025 returned high-grade gold mineralization, including 11.97 g/t Au over 10.70 m, from two separate splays of the Bakos shear zone, both of which show higher grade cores within broad zones of substantial mineralization and alteration. Combined with hole CL26024, hole CL26025 successfully extended the high-grade M-zone gold mineralization toward the BK3 zone, located roughly 65 m toward the northeast.

Holes CL260027 through CL26048 (22 drill holes) were all collared on the ice in order to thoroughly test the extents of the gold mineralization present at BK3. Trident will continue to explore and drill test in a systematic manner as the team looks to expand on and discover additional high-grade gold zones.

Detailed description of the drill holes

Holes CL26020 (354 degrees/minus 45 degrees) and CL26021 (354 degrees/minus 53 degrees) were collared from the same pad along the northeast corridor between the underground mine infrastructure and the lakeshore. Both holes were designed to test for mineralization at depth in an area with very little historical subsurface information. Both holes encountered isolated metre-scale gold intervals that ranged from detection limit to approximately four g/t Au.

Hole CL26022 (11 degrees/minus 48 degrees) was collared from a location near the first three holes of the 2025 fall program but angled to transect the known area of mineralization through an area devoid of previous drill data. The hole returned a shallow zone of mineralization (2.14 g/t Au over 19.0 m between 52.0 and 71.0m depth), which included a 15.0-metre zone that returned 2.57 g/t Au (56.0 to 71.0 m) and 6.0 m grading 3.86 g/t Au between 65.0 and 71.0 m. A second shear zone located below the upper shear returned 4.53 g/t Au over 3.0 m between 117.0 and 120.0 m depth.

Hole CL26023 (348 degrees/minus 51 degrees) was collared adjacent to hole CL25008 but angled more north-northeast to test for mineralization within an area that lacks previous drill data. At the top of the Bakos shear, a 4.0-metre interval returned 2.48 g/t Au between 142.0 and 146.0 m. A second mineralized zone was encountered below the main shear, which returned numerous values greater than 1.5 g/t Au.

Hole CL26024 (350 degrees/minus 60 degrees) was collared 15 m southeast of holes CL25006 and CL25007, which successfully extended high-grade gold mineralization northeast of the M-zone stope. Drilled at a minus-60-degree dip, hole CL26024 returned gold mineralization from three distinct zones: 2.45 g/t Au over 6.0 m (255.0 to 261.0 m), 3.95 g/t Au over 3.0 m (360.0 to 363.0 m) and 2.48 g/t over 4.2 m (480.8 to 485.0 m). The mineralized zones in this hole correlate very well with the gold mineralization discovered in holes CK25006 and CL25007 and the lowermost intersection represents a new interval of gold mineralization located below the depth extent of either of the 2025 holes.

Hole CL26025 (351 degrees/47 degrees) was collared 20.0 m forward of CL26024 and was drilled at a shallower dip to test for an up-plunge extension to the M-zone mineralization. Hole CL26025 returned a broad zone of mineralization between 213.3 and 248.0 m (34.7 m) that graded 1.34 g/t Au. This zone included higher-grade intervals of 1.63 g/t Au over 23.5 m (224.5 to 248.0 m) and 1.95 g/t over 15.0 m (233.0 to 248.0 m). Notably, a high-grade zone was discovered between 324.3 and 335.0 m (10.7 m) that returned 11.97 g/t Au. This zone can be correlated to the gold zone near the bottom of hole CL26024 and featured a 102.00 g/t Au gold hit over 0.98 m at 333.22 m.

Hole CL26026 (349 degrees/minus 47 degrees) was collared 70 m west-northwest of holes CL26024 and CL26025 to target an up-plunge western extension of gold mineralization in the M-zone and to test an area that lacks historical drill data. This hole encountered mineralization in two parallel shear zones located northeast of the existing historical mine workings. The upper shear zone returned multiple low to moderate gold hits ranging from 1.0 to 3.5 g/t Au between 208.0 and 246.5 m depth. The lower shear zone featured a broad zone of mineralization between 267.0 and 302.0 m (35.0 m) that returned a length-weighted average of 1.89 g/t Au, which included 3.97 g/t Au for 10.0 m and 8.18 g/t Au over 3.5 m, both starting at 279.0 m downhole depth.

Hole CL26027 (336 degrees/minus 65 degrees) was the first hole of the 2026 drill program to be collared on the ice at Contact Lake. A 2.0-metre zone of shallow mineralization that graded 6.84 g/t Au between 49.0 and 51.0 m was intersected in an upper shear zone. A secondary shear zone between 179.0 and 207.0m returned multiple one-metre intercepts including 4.70 g/t, 3.05 g/t and 2.15 g/t Au.

Hole CL26028 (348 degrees/minus 65 degrees) was collared 250 m east-northeast of highlight drill hole CL25003 from the 2025 program and returned multiple horizons of high-grade gold mineralization. CL26028 transected a 4.25-metre zone that returned 19.07 g/t Au between 60.00 and 64.25 m and a wide horizon between 77.0 and 115.48 m (38.48 m) that returned an average of 4.61 g/t Au. Included within this broad zone were higher grade horizons that returned 5.48 g/t Au over 26.14 m (79.36 to 105.5 m) and 11.35 g/t over 10.0 m (77.0 to 87.0 m). The mineralization in hole CL26028 is notable as it demonstrates the presence of broad shear zones that host high-grade gold mineralization in the northeast part of the BK3 zone, over 200 m outboard of the high-grade gold zones returned in the land-based hole CL25003.

Contact Lake gold project overview

The Contact Lake gold project covers approximately 22,790 hectares and includes the past-producing Contact Lake gold mine, which produced approximately 190,000 ounces of gold at an average head grade of 6.16 g/t Au during active mining operations between 1994 and 1998. At the time of mine closure, the price of gold hovered around $300 (U.S.) per ounce and Cameco Corp. reported that substantial gold resources were left unmined. Situated in the highly prospective La Ronge gold belt of Saskatchewan, the Contact Lake property also hosts the Preview SW, Preview North and the North Lake orogenic gold deposits.

Along with the Greywacke North deposit (located by road 40 kilometres northeast of Contact Lake), these four deposits are wholly owned by Trident Resources and host current mineral resource estimates, which do not include any gold-related ounces from the past-producing Contact Lake target area.

Quality assurance and quality control

All drill core is logged, photographed and cut in half with a diamond saw. Half of the core is placed in sealed poly bags with unique identification numbers and transported to ALS Global in Saskatoon, Sask., for analysis, while the other half is archived and stored on site for verification and reference purposes.

At the lab, samples are received and digitally recorded then dried and pulverized into a fine powder. Gold is assayed using a 30-gram fire assay method and 49 additional elements are analyzed by inductively coupled plasma (ICP) utilizing a four-acid digestion. Secondary metallic screen analyses are performed on select mineralized zones and all samples that return greater than 3.0 g/t Au to quantify the nugget effect of the gold mineralization. QA/QC samples including field blanks, duplicates and lab-certified standards are inserted in the sample stream at a rate of greater than 10 per cent of all samples submitted to the lab. ALS Global also conducts its own internal QA/QC protocol.

Qualified person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Cornell McDowell, PGeo, vice-president, exploration, for Trident Resources and the qualified person for Trident as defined by NI 43-101.

About Trident Resources Corp.

Trident Resources is a Canadian public mineral exploration company listed on the TSX Venture Exchange focused on the development, exploration and acquisition of advanced-stage gold and copper exploration projects in Saskatchewan, Canada. The company is aggressively advancing its 100-per-cent-owned Contact Lake and Greywacke Lake projects, which host significant historical gold resources located within the prospective and underexplored La Ronge gold belt, as well as the 100-per-cent-owned Knife Lake copper project, which contains a historical copper resource.

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