Mr. Geoff Hampson reports

SOMA ANNOUNCES COMMENCEMENT OF MAIDEN DRILL PROGRAM AT ESCONDIDA PROJECT

A drill rig has been mobilized to Soma Gold Corp.'s Escondida project in Antioquia, Colombia. The Escondida mine is a small-scale mine that has been producing mineralized material since 2013. Soma acquired the mine and its associated title in July, 2025 (see news release dated July 7, 2025). This is the maiden drill program on the Escondida vein and will determine the extent and tenor of gold mineralization beyond the current footprint of the mine.

The phase 1 drill program comprises 21 drill holes for a total of 2,790 metres of drilling. The initial drill holes will test the continuity of the mineralized zone near the known mine workings with 50-metre stepouts along strike and downdip. Subsequent drill holes will test the extent of the vein along strike up to 500 metres northeast of the mine workings. The deepest drill holes will test the extent of the Escondida vein 250 metres below the deepest mine level, approximately 425 metres downdip from the surface exposure of the vein.

If phase 1 drilling confirms the continuity of the Escondida vein, its associated clay alteration and gold mineralization, a phase 2 drill program will be initiated for an additional 3,165 metres. This next phase will focus on 50-metre-spaced infill drill holes below the current mine workings, with the intention of developing a spatially constrained National Instrument 43-101 mineral resource estimate and an updated PTO (programa de trabajo y obras) to continue small-scale, conventional mining at the Escondida mine. Production from the mine will feed the El Bagre or El Limon mill complexes while exploration drilling continues to evaluate the full potential of the Escondida vein.

Chris Buchanan, Soma's vice-president, exploration, stated: "Initiating the maiden drill program at Escondida is a significant milestone for our 2026 exploration program. The vein geometry, grade of known gold mineralization and scale of the existing mine workings are all encouraging indicators of a robust vein and alteration system. We are eager to define the full extent of the Escondida vein and look forward to testing the five additional veins on the property that to date have only ever been worked at surface."

The Escondida vein has been traced for 800 metres along strike to the northeast and approximately 135 metres downdip, dipping steeply at 70 degrees to 80 degrees to the northwest. The operator mined 200 metres of strike length to a vertical depth of 105 metres, developing the mine on five-metre levels, most of which have been backfilled. The mine currently produces 10 to 20 tons per day at a diluted grade of approximately 9.0 grams per tonne gold, which represents the full capacity of the on-site mill. The vein is 15 to 50 centimetres thick and is accompanied by a 1.0-to-3.0-metre-wide clay alteration package that is also variably mineralized. The vein style, alteration and sulphide mineralization are consistent with an intermediate-sulphidation epithermal system, hosted in competent intermediate to felsic to intermediate intrusive rock.

The vein geometry, known strike length and gold tenor of current production suggest that the Escondida vein has the potential to host a significant quantity of gold. The combined phase 1 and phase 2 drill programs planned for 2026 are expected to rapidly define the strike and downdip extent of the vein and establish an NI 43-101-compliant mineral resource beyond the current mine footprint. The Escondida vein is one of at least six veins identified on the property through illegal surface workings and prospecting.

The Escondida mine is a formally permitted small-scale operation, holding a PTO, environmental permit and explosives permit. The mine is developed on the main Escondida vein through two internal winzes and has a small on-site mill. The property is accessible by a gravel road from Zaragosa or Caceres, Colombia, is suitable for truck traffic, and is approximately 1.5 hours from the El Limon mill in Zaragosa.

In addition to the Escondida drill program described above, the company continues to actively explore across its Colombian tenement package. At the Cordero deposit, two surface drill rigs are testing exploration targets downdip of the Cordero, Atenas and Cordero Viejo zones while two underground drill rigs in the Cordero mine are focused on infill drilling to support mine planning and operations. Regional exploration teams are also conducting surface geochemistry sampling programs at the El Bagre and Machuca projects.

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 and approved 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 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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