Mr. Geoff Hampson reports

ESCONDIDA VEIN RETURNS FIRST DRILL INTERCEPT OF 4.25 G/T AU OVER 1.85 M, INCLUDING 12.10 G/T AU OVER 0.65 M

Soma Gold Corp. has released the results of the first drill hole and new underground channel sampling at the Escondida project in Antioquia, Colombia. The continuing drill program on the Escondida vein is designed to determine the extent and tenor of gold mineralization beyond the mine's current footprint.

Highlights include the following drill intercept:

• EZDDH-26-001: 4.25 grams per tonne gold over 1.85 metres, including 12.10 g/t Au over 0.65 m.

Underground channel samples from the Escondida mine include:

• CHU600005: 15.40 g/t Au over 1.0 m, including 38.22 g/t Au over 0.40 m;
• CHU600006: 16.61 g/t Au over 1.0 m, including 36.72 g/t Au over 0.45 m;
• CHU600008: 19.24 g/t Au over 1.0 m, including 38.26 g/t Au over 0.5 m.

EZDDH-26-001 was targeted to intercept the Escondida vein 25 m northeast of the current mine workings at a depth of 100 m below surface, or approximately Level 10. The drill hole intersected a 2.7-metre-wide fault zone overprinted by strong clay alteration and a 0.65-metre-wide quartz vein hosted in a granodiorite-to-diorite intrusive body. The quartz vein and associated clay alteration are similar in style to the veins and alteration observed in the mine. The interval has a composite grade of 4.25 g/t Au over 1.85 m, including 12.10 g/t Au over 0.65 m (see Table 1). The alteration package was not mineralized in this drill hole, but underground assays indicate it is variably mineralized elsewhere in the mine.

Chris Buchanan, Soma's vice-president of exploration, stated: "The first assay results from the Escondida mine have met our expectations and demonstrated near-mine continuity of the vein. The vein intersection and tenor of gold mineralization are consistent with mineralized material that has been mined from this area. The exploration team is excited to receive additional phase 1 drill hole results and see the downdip and along-strike potential of this mineralization system."

EZDDH-26-002 was drilled to pierce the vein 50 m downdip of EZDDH-26-00. However, drilling difficulties were encountered 25 m above the expected target depth, and the drill hole was lost. EZDDH-26-003 was completed recently and intersected the fault and quartz vein 50 m downdip and 65 m southwest of the EZDDH-26-001 vein intercept. The core from EZDDH-26-003 has been processed and shipped to Actlabs Medellin, and results are pending. EZDDH-26-004 has been collared to complete the pierce point that was targeted by the second drill hole.

Underground sampling has also progressed at the Escondida mine as the mining team has worked to dewater the lowest reaches of the decline and rehabilitate the historical workings to ensure safe access. A total of 29 channels comprising 81 samples were collected from mine workings completed after the historical 2022 underground sampling program. The composited results are presented in Table 2. Samples returned grades up to 38.36 g/t Au. Composites of the channel samples grade up to 19.24 g/t Au across the width of the vein (Table 2). The true thickness of the vein ranges from approximately 0.40 m to 0.65 m and forms within a fault zone that is up to 3.0 m true thickness in some parts of the mine. The company is encouraged to see the presence of high-grade channel samples in adits that were previously flooded below Level 10.

The La Escondida vein has been traced for 800 m along strike to the northeast and approximately 135 m downdip, dipping steeply at 70 degrees to 80 degrees to the northwest. The operator mined 200 m of strike length to a vertical depth of 105 m, developing the mine on five-metre levels, most of which have been backfilled. The vein style, alteration and sulphide mineralization are consistent with an intermediate-sulphidation epithermal system, hosted in a competent granodiorite-to-diorite intrusive body.

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 a National Instrument 43-101-compliant mineral resource beyond the current footprint of the mine. The Escondida vein is one of at least six veins identified on the property through illegal surface workings and prospecting.

La Escondida mine is a permitted small-scale mining operation and holds a permiso de trabajo de obra (PTO), environmental permit and an explosives permit. The mine is developed on the main Escondida vein through two internal winzes and has a small on-site mill. The company recently completed repairs and improvements to the access road connecting the project to an all-season road from Zaragoza or Caceres, Colombia. The roads are suitable for truck traffic, and the drive to the El Limon mill in Zaragoza is approximately 1.5 hours. The previous operator produced 10 tonnes per day at a diluted grade of approximately 9.0 g/t Au. The vein is 15 to 65 centimetres thick and accompanied by a 1.0- to 3.0-metre-wide clay alteration package that is also variably mineralized. Currently, Soma is developing the main decline an additional 10 m in preparation to open four active faces on two new levels of the mine. The intention is to increase production to 20 to 30 tonnes per day. In addition to development work, the company continues to improve the quality and safety of the mine infrastructure.

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.

Quality assurance/quality control statement

Drill core and underground channel samples

All drill core samples are sawn or split in half, with one-half returned to the core box for storage. The second half-core is placed in a labelled plastic bag with a tag, documented and sealed for shipment. Underground channel samples are placed in a labelled plastic bag with a tag, documented and sealed for shipment with the drill core samples. 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 at the Actlabs Medellin preparation lab in Rio Negro, Colombia. 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 undergo an additional fire assay with a gravimetric finish (package 1A3-30) to determine gold concentration. Pulp samples are then shipped to Actlabs Canada in Ancaster, Ont., for multielement analysis. All samples are analyzed using package 1E3, an ICP-MS analysis that provides the concentration of 51 elements.

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. The database automatically compares QA/QC sample assays with the certified value and standard deviations.

Qualified person statement

Chris Buchanan, PGeo, is Soma's vice-president of exploration and a qualified person as defined by NI 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.

We seek Safe Harbor.