Mr. Geoff Hampson reports

SOMA PROVIDES POST-STRIKE PRODUCTION UPDATE

Production has recommenced at Soma Gold Corp.'s Cordero mine and the El Bagre gold complex after 57 days of work stoppage as a result of the strike by unionized employees. Several systems at the mill require additional maintenance due to the prolonged stoppage, but this situation is being mitigated by additional leach capacity installed before the strike. Mine production will not be affected, but the processing plant will run at approximately 70 per cent of full throughput until the end of November. The El Limon mill is owned by a non-unionized subsidiary, but the production ramp-up depended on technical assistance and personnel from El Bagre, who were unavailable during the strike. The original ramp-up at El Limon was scheduled to be completed by the middle of December and has now been delayed until early January, 2026.

Soma announces that, due to the disruption caused by the strike, 2025 gold production is expected to be reduced by approximately 5,000 ounces. This shortfall will impact both the third and fourth quarter revenue and profit. A further, though relatively minor, reduction in output may result from delays in the remediation of the El Bagre mill and the full commissioning of the El Limon mill. However, these issues are anticipated to be resolved in the coming weeks, and the company's 2026 production forecast remains unchanged.

Soma also announces that commissioning of the new leach circuit and oxygen infusion system at the El Bagre processing plant was completed prior to the initiation of strike action by the union. The addition of this new tank increases gold recovery from 87.5 per cent to 89.1 per cent. This extra capacity is now helping to offset the impact of repairs to the damaged tank. The capital program took six months to complete at a cost of $475,000.

The new tank and agitator, combined with infused oxygen, ensure optimal dissolved oxygen levels, enhancing leaching kinetics and increasing residence time by approximately 30 per cent. This upgrade provides improved leaching efficiency and greater metallurgical stability. Additionally, the added capacity enables the older leach tanks to be taken off-line for routine preventive maintenance without impacting throughput.

Geoff Hampson, chief executive officer of Soma, stated: "We are pleased to be back to work in Colombia and will address the various issues resulting from the processing plant shutdowns. We are confident that both mills will be operating at full capacity by early January, 2026." Mr. Hampson further stated: "Soma remains committed to enhancing operational efficiency and is investing in incremental improvements across all aspects of the operation. The payback on the investment in additional leach tank capacity is less than one year. For every 1-per-cent increase in recovery, based on current production levels and a gold price of $3,800 (U.S.), approximately $1-million (U.S.) in additional annual revenue is generated, which flows directly to the bottom line."

About Soma Gold Corp.

Soma Gold is a profitable mining company focused on gold production and exploration. The company owns over 43 square kilometres of mineral concessions following the prolific Otu fault in Antioquia, Colombia, and two fully permitted mills located within 25 kilometres of each other, with a combined milling capacity of 675 tonnes per day. The El Bagre mill operates at 450 tonnes per day, and the El Limon mill is slated to restart operations in Q3 2025. Internally generated funds are being used to finance a regional exploration program.

With a solid commitment to sustainability and community engagement, Soma Gold is dedicated to achieving excellence in all aspects of its operations.

The company also owns an exploration property near Tucuma, Para state, Brazil, that is currently under option to Ero Copper Corp.

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