Mr. Geoff Hampson reports

SOMA EXTENDS THE CORDERO DEPOSIT WITH NEW VEINS 250 M SOUTH OF THE ATENAS ZONE

Soma Gold Corp. has released drill results from the Cordero Viejo zone, located 250 metres south of the Cordero deposit on the Bagre project in central Colombia. Nineteen diamond drill holes from surface have been completed, totalling 5,587 metres. The 2025 drill program was designed to infill historical drilling and to determine the dip and strike extent of the Cordero Viejo vein system.

Highlights include the following drill intercepts:

• CVDDH-25-013: 9.4 grams per tonne gold over 1.35 m, including 16.5 g/t Au over 0.75 m;
• CVDDH-25-015: 7.7 g/t Au over 1.5 m, including 23.0 g/t Au over 0.5 m;
• CVDDH-25-015: 6.6 g/t Au over 1.5 m, including 19.8 g/t Au over 0.5 m;
• CVDDH-25-018: 10.3 g/t Au over 1.0 m, including 20.5 g/t Au over 0.5 m;
• Drilling confirms the Cordero deposit remains open along strike and at depth;
• Drilling at the Cordero Viejo zone adds 518 m of strike length to the Cordero deposit.

The deposit extension is hosted by the El Carmen stock, a composite intrusion comprising coarse-grained tonalite, diorite and gabbroic phases, which also hosts the Cordero deposit. The quartz veins occur as laminated fault-fill veins within a sinistral brittle-ductile shear zone and are interpreted as conjugate shears within a steeply dipping, north-striking regional shear zone. This controlling shear zone also hosts the Los Mangos deposit, located 3.0 kilometres to the north. The quartz veins at the Cordero Viejo zone are interpreted to be the next set of en echelon vein segments south of the Atenas zone at the Cordero deposit.

The veins have undergone repeated reactivation and display three distinct phases of development: early barren quartz veins, sphalerite-plus-galena-plus-pyrite-plus-gold mineralization controlled by microfractures; and brittle fracturing along vein margins filled with quartz plus pyrite plus tellurides plus gold. Gold mineralization occurs during the latter two phases of vein development. The final stage of brittle fracturing and microbreccia is commonly associated with pyrite and high-grade gold mineralization. Subsequently, the veins are crosscut by aphanitic mafic dikes and late brittle faults. The brittle faults in the area generally exhibit dextral strike-slip displacement and offset the quartz veins from less than a metre to tens of metres. These late brittle faults commonly dismember the mineralized veins into short strike-length segments, making continuity difficult to discern from drill data.

Soma's vice-president of exploration, Chris Buchanan, stated: "Cordero Viejo is south of the Cordero deposit and outside the [National Instrument] 43-101 resource released in 2023 (see news release dated Jan. 5, 2023). The 2025 drill plan incorporated what we have learned about vein geometry and orientation patterns in the Cordero deposit and successfully delineated new veins downdip of the historical workings. We are excited to continue exploration on this vein system and to bring these new resources into the 2026-2027 mine plan."

Table 1 presents the composited assay results from eighteen of the completed drill holes at the Cordero viejo zone. Assay results are pending for one of the recently completed drill holes. Assays in the drilling range from below detection to a maximum grade of 23.0 g/t Au. A total of 51 samples were greater than 1.0 g/t Au. The drilling currently covers approximately 518 m of strike length and delineates mineralized quartz veins for approximately 350 m downdip.

The quartz veins form in multiple segments due to their geometry, crosscutting faults and late mafic dikes. Underground drilling is continuing in this area to continue exploring for vein segments downdip from the current mine workings. CDVDDH-25-015 was targeted to test the downplunge extent of what appears to be a south-southeast-plunging high-grade ore shoot. The hole intersected three 1.0-to-1.5-metre-wide quartz veins with high-grade gold values. The widest quartz vein intercept in the hole is 6.6 g/t Au over 1.5 m, including an individual sample of 19.8 g/t Au at a depth of 269.3 m (Plate 1). The true width of this vein is approximately 1.3 m. The extent of the vein segment discovered in this drill hole is currently unknown and will be the target of 2026 infill drilling as the ore shoot is delineated with additional drilling.

The company intends to continue drilling the Cordero Viejo mine from surface in 2026. The intent of the phase 2 drilling will be to improve the confidence level of the resource, test the downdip extent of the south-southeast-plunging ore shoot, and explore for additional downdip quartz veins to expand the resource.

In addition to supporting mining operations at Cordero mine, Soma's exploration team continues to evaluate numerous small-scale mines near the El Limon mine and Machuca project. The phase 1 drill program at the Colossa and Colossa 2 informal mines has been completed, and the drill rig is being demobilized to the El Bagre mill complex for preventative maintenance. Additionally, the company is awaiting the issuance of drill permits for the copper anomaly on the Machuca project and for the recently acquired Escondida mine. These targets are scheduled for drilling in late December, 2025, and Q1 2026.

Soma also continues to work with the local communities across the entire property package as part of its continuing ESG (environmental, social and governance) program.

The Otu fault system extends for over 100 kilometres, from Aris's Segovia-Remedios mines in the south to Nechi in the north, where it is buried beneath younger sedimentary overlap sequences. Soma's property holdings now cover more than 56 kilometres of this regional structure. High-grade gold mineralization occurs in late-stage brittle-ductile to brittle quartz veins along the entire strike length of the Otu fault. These quartz veins formed during the latest stages of deformation along the Otu fault. Across the district, quartz veins typically display orientation patterns that suggest they formed in conjugate faults associated with brittle faulting on the Otu fault. Notable deposits along this trend include: Segovia-Remedios, La Aurora, El Limon, Le Ye, Los Mangos and Cordero. The Machuca property is located along a critical segment of this regional fault structure and displays multiple indications of high-grade gold mineralization.

Quality assurance/quality control statement

Soma follows a comprehensive QA/QC program to ensure the reliability of assay data collected from its exploration programs. All samples are sawn, or split in half, with one-half being returned to the core box for storage. The second half-core is placed in a labelled plastic bag with a tag, document and sealed for shipment. Batches of samples are shipped to Actlabs Colombia SAS in Rio Negro with security tags and a documented chain of custody.

Pulps of each sample are prepared in Rio Negro. Pulp samples are then shipped to Actlabs Canada for multielement analysis. All samples are analyzed using package 1E3, an ICP-MS analysis that provides the concentration of 51 elements. Fire assay analysis for gold and silver is completed by Actlabs in Rio Negro. Thirty-gram aliquots of each sample are analyzed for gold using a standard fire assay with an atomic absorption finish (package 1A2). Overlimit samples are subjected to an additional fire assay with a gravimetric finish (package 1A3-30) to determine the gold concentration.

A comprehensive QA/QC program has been implemented to monitor the reliability of assay data collected during exploration programs. The program includes the regular insertion of certified blanks, duplicates and certified Oreas standards. Assays of the QA/QC samples are automatically compared with the certified value and standard deviations in the database.

Qualified person statement

Chris Buchanan, PGeo, is Soma's vice-president of exploration and a qualified person as defined by National Instrument 43-101. Mr. Buchanan has reviewed the technical information disclosed in this press release.

About Soma Gold Corp.

Soma Gold is a mining company focused on gold production and exploration. The company owns two adjacent mining properties in Antioquia, Colombia, with a combined milling capacity of 675 tonnes per day (permitted for 1,400 tonnes per day). The El Bagre mill is currently operating and producing. Internally generated funds are being used to finance a regional exploration program.

With a solid commitment to sustainability and community engagement, Soma Gold Corp. 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.

We seek Safe Harbor.