Mr. Jonathan Wiesblatt reports

TRIDENT INTERSECTS HIGH-GRADE GOLD OVER SIGNIFICANT WIDTHS 220.00 METRES BELOW HISTORICAL MINE WORKINGS AT CONTACT LAKE, GRADING 8.69 G/T GOLD OVER 11.97M, INCLUDING 31.98 G/T AU OVER 3.16M

Trident Resources Corp. has provided the analytical results from the first three drill holes of the 2026 summer drill program at the Contact Lake project in Northern Saskatchewan's La Ronge gold belt (LRGB). Drill hole CL26050 intersected multiple parallel shear zones, including a high-grade zone between 613.03 metres and 625.00 metres downhole depth consisting of 8.69 grams per tonne gold over 11.97 metres, which is located 220.00 vertical metres below the lowest mine workings in the Main zone (BK1). This high-grade intercept was from Trident's first deep test below the Main zone of the 2026 summer drill program and illustrates the excellent potential for further discovery well below the historical mined depths.

Drill holes CL26049 and CL26051 tested the shallower Buffer zone, an area with low drill density located between the BK1 and BK3 zones where the Bakos shear zone intersects a separate north-trending shear structure. The results from these two holes demonstrate the potential for the Buffer zone to host significant gold mineralization in an area previously assumed to be poorly mineralized.

Jon Wiesblatt, chief executive officer of Trident Resources, commented: "These results reinforce our vision for Contact Lake and the significant opportunity that exists beyond the historical mine workings. As one of the first few deeper holes we have drilled at the Contact Lake deposit area, CL26050 represents a breakthrough in our exploration progress. As the program advances, we see tremendous potential to add economic ounces to a future resource and continue building value across the Contact Lake project."

Highlights:

• Hole CL26050 returned 8.69 g/t gold over 11.97 m from 613.03 m depth:
  • Including 31.98 g/t Au over 3.16 m from 617.74 m depth;
• Hole CL26049 returned 3.46 g/t Au over 15.00 m from 288.00 m depth:
  • Including 3.91 g/t Au over 13.00 m from 290.00 m depth:
• Hole CL26051 returned 6.43 g/t Au over 7.45 m from 209.45 m depth:
  • And 6.12 g/t Au over 5.03 m from 244.97 m depth;
  • And 3.45 g/t Au over 13.42 m from 282.55 m depth.

Summary of summer drilling program

The high-grade intersection in hole CL26050 was encountered 220.00 metres below the lowest historical mine workings in the Main zone. The result provides important evidence that the Contact Lake mineralized system continues well below the areas mined by former operator Cameco, which reached a depth of only 340.00 metres before the operation closed in 1998 due to low gold prices. As drilling advances deeper below the Main zone as well as along strike to the southwest and northeast, Trident continues to intersect thick, high-grade gold mineralization in areas that were not tested by historical operators.

The current summer drill program at Contact Lake has completed 17 drill holes totalling 12,066 metres of the anticipated 20,000-metre program planned for summer/fall 2026. Drilling is focused on discovering new gold mineralization at depth beneath the BK1 zone, extending mineralization along strike at BK2, and testing the continuity of high-grade gold between the BK1 and BK3 zones.

Approximately 8,000 metres remain in the program, with assay results continuing to arrive through Q4 2026 and into Q1 2027, providing shareholders with a steady stream of catalysts from the Contact Lake project. Trident remains well capitalized to finance this work, with approximately $20-million in cash and marketable securities, providing financing through the balance of 2026 and into 2027.

Quality assurance and quality control

The NQ 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., which then transports the samples to its laboratory in North Vancouver, B.C., for analysis. The remaining half-core is archived and stored at the project site for verification and reference purposes.

At the lab, samples are received and digitally recorded then dried and pulverized to a fine powder. Gold is assayed using a 30-gram fire assay method and 48 additional elements are analyzed by inductively coupled plasma (ICP) utilizing a four-acid digestion. QA/QC samples, including field blanks, duplicates and lab-certified standards, are inserted into the sample stream at a rate of approximately 10 per cent of all samples submitted to the laboratory. ALS Global, which is independent of Trident, also conducts its own internal QA/QC protocol.

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 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 (see Trident's news release dated Nov. 24, 2025), which do not include any gold-related ounces from the past-producing Contact Lake target area.

LRGB regional exploration update

Concurrent with the drill program at Contact Lake, Trident is conducting a comprehensive regional soil sampling program at Contact Lake and at the adjacent Preview project, located 2.5 kilometres to the southeast on a parallel shear structure. Thus far, 7,000 soil samples have been collected and sent for analysis from an anticipated 9,000 total samples. Soil sampling will cover a highly prospective and underexplored area immediately southwest of the Contact Lake deposit that hosts the structural intersection of the Bakos and Keya shear zones. At Preview, a soil grid comprising 2,500 samples will provide valuable surface data along the Preview trend between the Preview SW and Preview North deposits and over the underexplored area southwest of the Preview SW deposit.

Trident has also just received the finalized data from the 6,600-line-kilometre airborne magnetic and radiometric survey over its Reindeer property, located 150 kilometres northeast of Contact Lake along the northern extension of the La Ronge gold belt. The high-resolution data produced by the low-altitude, tightly spaced flight lines will be interpreted and combined with existing surface data to generate prospective drill targets.

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 gold exploration company focused on advancing district-scale opportunities in Saskatchewan's La Ronge gold belt. The company has assembled a large and strategic land position encompassing several gold projects, which host foundational gold resources, together with a growing portfolio of highly prospective regional exploration properties.

Trident's current exploration focus is at the 100-per-cent-owned Contact Lake gold project, host to a past-producing high-grade gold mine where active drill programs are under way to expand known mineralization and unlock the broader district-scale potential of the belt. Backed by a strong treasury as well as an experienced technical and capital markets team, Trident is advancing multiple opportunities with the goal of becoming a leading explorer in one of Canada's emerging gold districts.

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