Mr. Geoff Hampson reports

SOMA GOLD CLOSES $7.5 MILLION LIFE OFFERING

Soma Gold Corp. has closed its previously announced non-brokered private placement under the listed issuer financing exemption pursuant to Part 5A of National Instrument 45-106 (Prospectus Exemptions).

Pursuant to the offering, the company issued 10 million common shares at a price of 75 cents per share, for aggregate gross proceeds of $7.5-million. The proceeds from the offering will support: (i) capital expenditures to expand production at the Escondida and Aurora mines; (ii) completion of ore sorting equipment installation; (iii) accelerated exploration activities at the Escondida property; (iv) working capital to prepay for ore purchases from small legal mines near the company's mills; and (v) general corporate purposes.

"We are very pleased to have completed the LIFE Offering and are grateful for the continued support from both new and existing shareholders," said Geoff Hampson, chief executive officer of Soma Gold. "This financing positions Soma to accelerate production growth at both the Escondida and Aurora mines while completing our ore sorting infrastructure, two milestones that we expect will have a meaningful impact on our output and margins. We are also pleased to be supporting the formalization of small-scale legal mining operations in our region through ore purchase agreements, which aligns with our long-standing commitment to community and responsible development."

In connection with the offering, the company paid an aggregate of $525,000 in cash commissions and issued an aggregate of 700,000 non-transferable broker warrants to certain arm's-length finders. Each broker warrant entitles the holder to acquire one share at an exercise price of $1.10 per share for a period of 24 months from the date of issuance.

An offering document related to the offering is available under the company's profile on SEDAR+ and on the company's website. The offering remains subject to the final approval of the TSXV Venture Exchange.

About Soma Gold Corp.

Soma Gold is a profitable gold mining company focused on production and exploration in Colombia. The company holds over 430 square kilometres of mineral concessions along the prolific Otu fault in Antioquia and operates two fully permitted mills located within 25 kilometres of each other, with a combined milling capacity of 675 tonnes per day and permitted expansion capacity of 1,400 tonnes per day. El Bagre mill operates at 450 tpd, and El Limon mill resumed operations in third quarter 2025. The company finances its regional exploration program through internally generated funds.

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 Tucum, Para state, Brazil, that is currently under option to Ero Copper Corp.

We seek Safe Harbor.