Mr. Ken Lapierre reports

ROCKY SHORE GOLD COMMENCES DRILL PROGRAM AT THE GOLD ANCHOR PROJECT AND ACQUIRES ADDITIONAL CLAIMS

Rocky Shore Gold Ltd. has begun a first-phase drill program at its 100-per-cent-owned Gold Anchor project in central Newfoundland. The drill program will focus on a portion of the undrilled 11-kilometre-long Lane Pond gold target, where gold mineralization in soil, basal till and rock is associated with geophysical anomalies and hosted within the prolific Appleton fault corridor. A total of 3,500 metres in 15 to 20 reconnaissance drill holes will target an area of 1,500 metres by 600 metres. The Lane Pond gold target is viewed as a fault-related, high-grade gold drill target hosted within sedimentary rocks and a bulk-tonnage porphyry gold target hosted within intrusive rocks. Both target types are located near the company's Mosquito Hill and Reid gold deposits at Gold Anchor. In addition, the company's wholly owned subsidiary has entered into a purchase agreement for the acquisition of 13 mining claims in central Newfoundland. Upon completion of this transaction, the claims will enhance Rocky Shore's strategic position in one of Canada's most prospective gold belts.

Ken Lapierre, president and chief executive officer of Rocky Shore Gold, commented: "We are very excited to begin drilling at our Lane Pond gold target located within this emerging gold district in central Newfoundland. The company is well funded and plans to expand its 2026 exploration program to unlock Gold Anchor's full potential, including airborne geophysics, targeted prospecting and sampling. Drilling has commenced initially on discovery of new gold-bearing mineralized systems at Lane Pond and will be expanded to identify additional gold mineralization along trend at its two existing gold deposits."

Transaction terms

Under the terms of the purchase agreement, the company, through its wholly owned subsidiary, shall have the right to earn a 100-per-cent interest in and to the 13 mining claims in consideration of $25,000 cash and the issuance of 250,000 common shares. The vendors shall retain an aggregate net smelter return (NSR) royalty of 2.0 per cent. Rocky Shore, through its wholly owned subsidiary, may repurchase, at any time, 50 per cent of the NSR royalty for $1-million cash and shall have a right of first refusal on the NSR royalty.

The completion of the purchase agreement is subject to customary closing conditions for a transaction of this nature.

Any shares issued by the company pursuant to the purchase agreement will be subject to appropriate exemptions, including, but not limited to, the prospectus exemption set forth in Section 2.13 of National Instrument 45-106, Prospectus and Registration Exemptions, and any other requirements under applicable securities laws and regulations.

Qualified person

The information in this press release was reviewed and approved by Ken Lapierre, PGeo, president and chief executive officer of the company and a qualified person in accordance with the Canadian regulatory requirements as set out in National Instrument 43-101. Mr. Lapierre consents to the publication of this press release dated April 16, 2026, by Rocky Shore Gold Ltd.

About Rocky Shore Gold Ltd.

Rocky Shore Gold is a Canadian junior exploration company focused on its 100-per-cent-owned Gold Anchor project in central Newfoundland. It is strategically located within one of Canada's most promising and underexplored gold belts. The project is the second-largest property (greater than 1,200 square kilometres) in the emerging gold district. Rocky Shore is targeting the expansion of its surface bulk-tonnage Mosquito Hill and Reid gold deposits, which are related to intrusion-related gold systems (IRGS). It also hosts structurally controlled high-grade gold targets and IRGS along the highly prospective Appleton and JBP faults, located southwest of major gold discoveries and deposits.

Rocky Shore would like to acknowledge the $150,000 in financial support for 2025 and the approval of the 2026 junior exploration assistance program from the Department of Natural Resources, government of Newfoundland and Labrador.

We seek Safe Harbor.